Market Vectors ETFs
Van Eck Mutual Funds
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High-Yield Municipal Index ETF
Short Municipal Index ETF
Treasury-Hedged High Yield Bond ETF
Investment Grade Floating Rate ETF
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Full Name: Market Vectors® ShortHigh-Yield Municipal Index ETF (SHYD®)
Management Style: Sampling
Underlying Index: The Barclays Municipal High Yield Short Duration Index (BMHYTR)
Index Provider: Barclays
Index Description: BMHYTR is calculated using a market value weighting methodology and it tracks the high-yield municipal bond market with a 75% weight in non-investment grade municipal bonds and a 25% weight in Baa/BBB-rated investment grade municipal bonds for liquidity and balance.
30-Day SEC Yield1
Total Net Assets
Number of Holdings
Gross Expense Ratio2
Net Expense Ratio/TER2
Next Distribution Date
1, 2 See Important Disclosure.
*Returns less than one year are not annualized.
presents past performance which is no guarantee of future results and which may
be lower or higher than current performance. Investment returns and ETF share
values will fluctuate so that investors' shares, when redeemed, may be worth
more or less than their original cost. ETF returns assume that dividends and
capital gains distributions have been reinvested in the Fund at NAV.
"Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is
determined at the close of each business day, and represents the dollar value of
one share of the fund; it is calculated by taking the total assets of the fund,
subtracting total liabilities, and dividing by the total number of shares
outstanding. The NAV is not necessarily the same as the ETF 's intraday trading
value. Market Vectors ETF investors should not expect to buy or sell shares at
The "After Tax Held" represents total return after taxes on
distributions and assumes shares have not been sold. "After Tax Sold" represents
total return after taxes on distributions and the sale of Fund shares. After-tax
returns reflect the highest federal income tax rate but exclude state and local
taxes. After-tax returns are based on NAV.
All registered investment companies, including Van Eck Associates Corporation, are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading Market Vectors ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant Market Vectors ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distribution are not indicative of future distributions.
Go here for Additional Distributions Details and Supplemental Tax Information, including PDF downloads.
This graph illustrates a hypothetical $10,000 investment in the ETF invested at NAV. Returns reflect capital appreciation and the reinvestment of dividends and capital gains, if any, as well as all fees and expenses. The Index is unmanaged and includes the reinvestment of all dividends, but does not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the ETF. An index's performance is not illustrative of the Fund's performance. Indices are not securities in which investments can be made. Results reflect past performance and do not guarantee future results. For PEK, CNXT, and CBON, the Index returns included in the hypothetical growth chart have been converted
52-Week High (01/30/15)
52-Week Low (07/10/14)