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., Junk Bond, Fixed Income, Muni, Intermediate, Vanilla, North America, Bond

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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 01/14/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

SHYD 1.31% 4.40% 1.13% 2.00% 4.54% 3.58% --

SHYD (NAV) 1.04% 3.82% 0.77% 1.95% 4.13% 3.06% --

Bloomberg Barclays Municipal High Yield Short Duration 1.28% 3.97% 0.58% 3.51% 5.68% 4.28% --

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%

$242.16M

$1.80M

0.30%

N/A

Fund Home Page

SHYD Portfolio Data

3.97

3.55%

12/29/20

548

SHYD Index Data

Bloomberg Barclays Municipal High Yield Short Duration

Market Value

N/A

SHYD Portfolio Management

0.35%

-1.63%

-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 01/15/21

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

72,812

$1.80M

62,932

$1.53M

0.30%

$0.07

-0.25%

0.54% / -23.27%

None

100.00%

50,000

1.26

0.02%

$24.97

N/A

SHYD Top 10 Holdings[View All]

Total Top 10 Weighting 0.00%

SHYD Performance Statistics

SHYD Holdings Statistics

4.62 years

Effective Duration 3.97

3.55%

Credit Spread Duration 3.96

Concentration Medium

Number of Holdings 548

Option Adjusted Spread 2.83%

SHYD Avg Life Maturity Distribution

0 - 1 years 6.87%

1 - 2 years 10.11%

2 - 3 years 12.40%

3 - 5 years 26.60%

5 - 7 years 21.99%

7 - 10 years 21.36%

10 - 15 years 0.67%

15 - 20 years --

> 20 years --

SHYD OAS Breakdown

0 - 100 bps 18.69%

100 - 200 bps 24.31%

200 - 300 bps 28.25%

300 - 400 bps 11.78%

400 - 500 bps 5.81%

500 - 600 bps 3.80%

600 - 700 bps 1.73%

700 - 800 bps 0.72%

800 - 900 bps 1.98%

900 - 1000 bps 1.04%

> 1000 bps 1.88%

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