SHYD ETF Report: Ratings, Analysis, Quotes, Holdings

Popular SHYD Comparisons: SHYD vs AGG, SHYD vs BND, SHYD vs LQD, SHYD vs VCIT, SHYD vs BNDX

Related ETF Channels: U.S., Fixed Income, Muni, Junk Bond, North America, Intermediate, Bond, Vanilla

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*Unless otherwise stated, data provided by FactSet.

SHYD Fund Description

SHYD 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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Total Return Chart (%)

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PERFORMANCE [as of 10/21/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

SHYD -0.36% 1.50% -1.95% -0.91% 2.86% 2.51% --

SHYD (NAV) -0.03% 0.90% -1.10% -0.15% 2.93% 2.47% --

Bloomberg Barclays Municipal High Yield Short Duration -0.14% 1.02% 0.31% 1.39% 4.26% 3.68% --

N/A -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SHYD Summary Data

VanEck

01/13/14

Open-Ended Fund

0.35%

$230.59M

$1.18M

0.24%

N/A

Fund Home Page

SHYD Portfolio Data

4.12

3.86%

11/10/20

549

SHYD Index Data

Bloomberg Barclays Municipal High Yield Short Duration

Market Value

N/A

SHYD Portfolio Management

0.35%

-1.52%

-0.06%

Max. Downside Tracking Difference (12 Mo) -2.35%

SHYD Tax Exposures

20.00% / 39.60%

Ordinary income

SHYD Fund Structure

Open-Ended Fund

100% / 0%

N/A

Low

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

SHYD Factset Analytics Block Liquidity

As of 10/22/20

This measurement shows how easy it is to trade a $1 million USD block of SHYD. SHYD is rated a N/A out of 5.

SHYD Tradability

48,330

$1.18M

34,762

$847.24K

0.24%

$0.06

-0.12%

0.46% / -23.27%

None

100.00%

50,000

0.70

0.02%

$24.27

N/A

SHYD Sector/Industry Breakdown

SHYD

Segment Benchmark

Revenue

82.85%

General obligation

13.63%

Double barrel

3.51%

SHYD Top 10 Holdings[View All]

Florida Dev Fin Corp Surface Transn Fac Rev VAR 01-JAN-2049 1.79%

Illinois St 5.0% 01-NOV-2026 1.18%

Public Fin Auth Wis Rev 5.0% 01-DEC-2027 1.08%

Florida Dev Fin Corp Surface Transn Fac Rev VAR 01-JAN-2049 1.03%

Puerto Rico Sales Tax Fing Corp Sales Tax Rev 0.0% 01-JUL-2027 0.98%

California Mun Fin Auth Spl Fac Rev 4.0% 15-JUL-2029 0.97%

Ohio St Air Quality Dev Auth Rev 3.25% 01-SEP-2029 0.90%

New Jersey Economic Dev Auth Spl Fac Rev 5.25% 15-SEP-2029 0.90%

Brooklyn Arena Loc Dev Corp N Y Pilot Rev 5.0% 15-JUL-2030 0.89%

New York Transn Dev Corp Spl Fac Rev 5.0% 01-AUG-2031 0.88%

Total Top 10 Weighting 10.59%

SHYD Top 5 Countries

SHYD

Segment Benchmark

United States

100.00%

SHYD Top 5 Currencies

SHYD

Segment Benchmark

United States

100.00%

SHYD Performance Statistics

SHYD Holdings Statistics

4.79 years

Effective Duration 4.12

3.86%

Credit Spread Duration 4.12

Concentration Medium

Number of Holdings 549

Option Adjusted Spread 3.12%

SHYD Avg Life Maturity Distribution

0 - 1 years 4.78%

1 - 2 years 11.60%

2 - 3 years 12.41%

3 - 5 years 25.52%

5 - 7 years 23.28%

7 - 10 years 21.30%

10 - 15 years 1.10%

15 - 20 years --

> 20 years --

SHYD OAS Breakdown

0 - 100 bps 13.62%

100 - 200 bps 23.37%

200 - 300 bps 29.20%

300 - 400 bps 12.02%

400 - 500 bps 9.44%

500 - 600 bps 4.41%

600 - 700 bps 1.14%

700 - 800 bps 0.69%

800 - 900 bps 2.10%

900 - 1000 bps 1.23%

> 1000 bps 2.79%

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SHYD

SHYD Fund Description

SHYD Factset Analytics Insight

Related Articles

SHYD Charts And Performance

SHYD Summary Data

SHYD Portfolio Data

SHYD Index Data

SHYD Portfolio Management

SHYD Tax Exposures

SHYD Fund Structure

SHYD Factset Analytics Block Liquidity

SHYD Tradability

SHYD Sector/Industry Breakdown

SHYD Top 10 Holdings[View All]

SHYD Top 5 Countries

SHYD Top 5 Currencies

SHYD Performance Statistics

SHYD Holdings Statistics

SHYD Avg Life Maturity Distribution

SHYD OAS Breakdown