SHYD
VanEck Vectors Short High-Yield Municipal Index ETFSHYD Fund Description
The VanEck Vectors Short High-Yield Municipal Index ETF tracks a market-value-weighted bond index composed of high-yield municipal bonds with 1-10 years in maturity remaining.
SHYD Factset Analytics Insight
SHYD’s target of high-yield, “short-term” municipal bonds means it holds debt with 1-10 years left to maturity. In the corporate debt space, these would be considered intermediate debt, so investors should be aware that this fund defines "short-term" somewhat differently from its peers. The average weighted maturity is usually around 7 years. Volume is middling and spreads can be wide. The muni market has poor liquidity in general, which can impair both tracking and block liquidity. The fund charges an average fee, though it is pricier than more plain-vanilla funds. Of greater concern is SHYD's erratic tracking, and the fact that it generally lags its index by several times its fee, which could considerably impact holding costs.
SHYD CHARTS AND PERFORMANCE
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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SHYD Top 10 Countries [View All]
SHYD Top 10 Sectors
SHYD Top 10 Holdings [View All]
SHYD Portfolio Data
SHYD Index Data
SHYD Portfolio Management
SHYD Tax Exposures
SHYD Fund Structure
SHYD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SHYD. SHYD is rated a 2 out of 5.
SHYD Tradability
SHYD Sector/Industry Breakdown
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SHYD Top 10 Holdings[View All]
SHYD Top 5 Countries
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SHYD Top 5 Currencies
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SHYD Economic Development
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SHYD Performance Statistics
SHYD HOLDINGS STATISTICS
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SHYD MATURITY DISTRIBUTION
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SHYD CREDIT BREAKDOWN
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