Vanguard New York Tax-Exempt Bond ETF

MUNY
ETF Ticker

-2.04%

-1.38%

NYSE Arca Exchange

Fixed Income

United States

Municipal

The Vanguard New York Tax-Exempt Bond ETF, MUNY_US, is listed on the NYSE Arca Exchange and tracks the SPMUNYA index. The fund provides exposure to United States, Municipal Fixed Income and has assets under management of $497.0m (as of Aug 31, 2026). The ETF trades in USD and was listed on the exchange on May 20, 2025. It has a net expense ratio of 9bps. (All data in USD as of Oct 15, 2026 unless stated.)

The underlying S&P New York AMT-Free Municipal USD10 Million Par Bond Index targets investment-grade, tax-exempt municipal bonds issued by New York state and local governments and agencies whose interest is exempt from U.S. federal income tax, federal AMT, and New York state income tax. Eligible bonds are USD-denominated, rated at least BBB–/Baa3 (using the lowest rating), have at least one calendar month to maturity, and maintain a minimum USD 10 million par amount outstanding. The index includes fixed-rate general obligation and revenue bonds and excludes taxable issues and securities in default. Constituents are weighted by market value of tax-exempt debt outstanding, so larger issuers and longer issues carry greater weight. The index is reconstituted and rebalanced monthly, adding newly issued qualifying bonds and removing issues that mature, fall below investment grade, or otherwise cease to meet tax-status or liquidity requirements.

ETF Details

Key Facts

Issuer:
Vanguard
AUM:
$497.0m (as of Aug 31, 2026)
Net Expense Ratio:
9 bps
Inception Date:
May 20, 2025
Index:
N/A
Dividend Frequency:
Monthly

Trading

Ticker:
MUNY
Exchange:
NYSE Arca Exchange
ISIN:
US92204H4002
Trading Currency:
USD
Domicile:
United States

Classification & Risk

Asset Class:
Fixed Income
Asset Region:
United States
Theme:
Municipal
Economic Development:
Developed Markets
1 Year Volatility:
3.51%
3 Year Volatility:
N/A
5 Year Volatility:
N/A

Performance

TTM Dividend Yield:
3.21% (verify with issuer)
1 Month Performance:
-0.09%
3 Month Performance:
-3.51%
6 Month Performance:
-2.81%
1 Year Performance:
-1.38%
3 Year Performance:
N/A
5 Year Performance:
N/A
Investment Proposition

Vanguard New York Tax-Exempt Bond ETF (MUNY) provides diversified exposure to investment-grade municipal bonds issued by New York State and its local authorities, seeking federally tax-exempt income for qualifying investors. The strategy emphasizes high credit quality and intermediate interest-rate sensitivity, using portfolio sampling to reflect the market’s sector and issuer composition while maintaining liquidity. Key characteristics include low default expectations relative to corporate credit, sensitivity to rate moves and muni-market technicals, and dispersion across revenue and general-obligation sectors through cycles. In portfolios, MUNY can serve as a tax-aware income sleeve for New York residents, a core municipal allocation within liability-aligned plans, or a complement to taxable bond exposure for after-tax yield optimization. Likely users include high-income households prioritizing tax-efficient cash-flow management and advisors building location-specific ladders in multi-account plans. Regime behavior tends to be supported by stable or declining policy rates and solid state and local finances, and can be challenged by rising rates, widening spreads, or localized fiscal stress. A fund-specific risk to monitor is geographic concentration in a single state, which heightens exposure to policy shifts and idiosyncratic economic developments that may affect credit spreads and issuance dynamics.

ETF Analytics

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