VictoryShares Municipal High Yield ETF (VMHY) is an exchange-traded fund in the High Yield Muni category. It has $22.34M in assets and an expense ratio of 0.34%. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in debt securities and other obligations issued by or on behalf of states, counties, municipalities, territories and possessions of the United States and the District of Columbia and their authorities, political subdivisions, agencies and instrumentalities, the interest on which is exempt from regular federal income tax (“municipal securities”).