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Short High-Yield Municipal Index ETF SHYD

  • Full Name: Market Vectors® Short
    High-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.

  •  
      

    • Fund Ticker

      SHYD
    • Exchange

      NYSE Arca
    • Commencement

      01/13/2014
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      BMHYTR
    • Index Rebalancing

      Monthly
  •  
    as of 07/25/14

    • 30-Day SEC Yield1

      3.52%
    • Total Net Assets

      $60.4M
    • Number of Holdings

      169
    • Options

      Expected
    • Gross Expense Ratio2

      0.35%
    • Net Expense Ratio/TER2

      0.35%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      07/31/2014
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    01/13/14
    SHYD (NAV) -0.79 0.83 -- -- -- -- -- 2.37
    SHYD (Share Price) -0.20 1.07 -- -- -- -- -- 2.97
    BMHYTR (Index) 0.06 2.41 5.00 4.15 -- -- -- 2.75
    Performance Differential (NAV - Index) -0.85 -1.58 -- -- -- -- -- -0.38
    After Tax Held -- -- -- -- -- -- -- 2.37
    After Tax Sold -- -- -- -- -- -- -- 1.83
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    01/13/14
    SHYD (NAV) -0.79 0.83 -- -- -- -- -- 2.37
    SHYD (Share Price) -0.20 1.07 -- -- -- -- -- 2.97
    BMHYTR (Index) 0.06 2.41 5.00 4.15 -- -- -- 2.75
    Performance Differential (NAV - Index) -0.85 -1.58 -- -- -- -- -- -0.38
    After Tax Held -- -- -- -- -- -- -- 2.37
    After Tax Sold -- -- -- -- -- -- -- 1.83
  • Distribution History

    Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains
    Ex-Date Record
    Date
    Payable Date Dividend
    Income
    Short-Term
    Capital Gains
    Long-Term
    Capital Gains
    Return of Capital Total Distributions
    07/01/2014 07/03/2014 07/08/2014 $0.0580 None None None $0.0580
    06/02/2014 06/04/2014 06/06/2014 $0.0600 None None None $0.0600
    05/01/2014 05/05/2014 05/07/2014 $0.0650 None None None $0.0650
    04/01/2014 04/03/2014 04/07/2014 $0.0650 None None None $0.0650
    03/03/2014 03/05/2014 03/07/2014 $0.0900 None None None $0.0900

    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.

  • Growth of Hypothetical $10,000 Investment as of 06/30/2014

    3 Months
     TO 
  • Calendar Year Returns (%) as of 12/31/2013

  • NAV History
    as of 06/30/14

  • Best & Worst
    Quarter Returns (%)
    as of 06/30/14

    • Best Quarter

      2Q'14+0.83%
    • Worst Quarter

      2Q'14+0.83%
    Best & Worst Quarter Returns are based on NAV, reflect the period since the Fund's inception, and are updated quarterly.