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SHYD VanEck Short High Yield Muni ETF Please read important disclosure Close important disclosure false us en false false

SHYD
VanEck Short High Yield Muni ETF

SHYD
VanEck Short High Yield Muni ETF

  • NAV
    $22.29

    as of April 15, 2024
  • YTD RETURNS
    0.64%

    as of April 15, 2024
  • Total Net Assets
    $326.55M

    as of April 15, 2024
  • Total Expense Ratio
    0.35%
  • Inception Date
    01/13/2014
  • 30-Day SEC Yield
    3.81%

Fund Description

The VanEck Short High Yield Muni ETF (SHYD®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of ICE 1-12 Year Broad High Yield Crossover Municipal Index (MIHX), which is intended to track the overall performance of the U.S. dollar denominated high yield short-term tax-exempt bond market.

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Overview

Fund Highlights

  • High Yield, Shorter Duration Focus
    Index comprises highest yielding municipal bonds with maturities of 1-12 years, which potentially provides lower sensitivity to interest rates than all maturity high yield municipal bond funds

  • Enhanced Liquidity Feature
    Index includes 20% BBB and 10% A investment-grade exposure as well as a 25% cap on non-rated bonds for added liquidity

  • Diverse Sector Exposure and Low Default Rates
    Index covers wide range of muni sectors and securities with historically low default rates (Source: Moody’s Investors Services; "U.S. Municipal Bond Defaults and Recoveries, 1970-2018")

Performance

Fees

Holdings

Portfolio

Distributions

Team

Literature

SHYD