SHYD

VanEck Vectors Short High-Yield Municipal Index ETF
B

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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

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
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  • 3 Years
  • 5 Years
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PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SHYD 0.35% 1.08% 6.21% 7.51% 3.18% 2.90% --
SHYD (NAV) 0.46% 1.34% 6.35% 7.48% 3.29% 2.82% --
Bloomberg Barclays Municipal High Yield Short Duration 0.72% 1.32% 6.63% 8.37% 4.29% 4.19% --
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%
$242.24M
$1.41M
0.10%

SHYD Portfolio Data

4.16
--
3.54%
10/01/19
560

SHYD Index Data

Bloomberg Barclays Municipal High Yield Short Duration
Market Value
Market Value
N/A

SHYD Portfolio Management

0.35%
-1.94%
-0.92%
-2.77%

SHYD Tax Exposures

20.00% / 39.60%
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Ordinary income
No

SHYD Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
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 10/18/19
5
4
3
2
1

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

55,970
$1.41M
49,457
$1.25M
0.10%
$0.03
0.10%
0.31% / -0.49%
None
100.00%
50,000
0.99
0.04%
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0
$25.10
N/A

SHYD Sector/Industry Breakdown


SHYD
Segment Benchmark
83.51%
--
14.29%
--
2.20%
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SHYD Top 10 Holdings[View All]

2.23%
1.86%
1.47%
1.47%
1.27%
1.18%
1.11%
1.08%
1.04%
0.91%
13.62%

SHYD Top 5 Countries


SHYD
Segment Benchmark
100.00%
--

SHYD Top 5 Currencies


SHYD
Segment Benchmark
100.00%
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SHYD Performance Statistics

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SHYD Holdings Statistics

4.70 years
4.16
3.54%
4.18
Medium
560
1.78%

SHYD Avg Life Maturity Distribution

6.06%
9.33%
10.35%
25.95%
24.36%
21.83%
2.12%
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SHYD OAS Breakdown

33.34%
37.89%
12.83%
4.26%
4.95%
5.17%
0.74%
--
0.25%
--
0.56%