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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 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
    • Index Total Return Ticker

      BMHYTR
    • Index Provider

      Barclays
    • Total Net Assets

      $25.2M
    • Shares Outstanding

      1,000,000
    • Number of Holdings

      113
    • Commencement Date

      01/13/2014
  •  
    as of 04/17/14

    1, 2 See Important Disclosure

  • Geographical Weightings (%)
    as of 03/31/14

    • State

      % of Net Assets
    • PR

      14.1
    • NJ

      12.5
    • CA

      9.5
    • TX

      6.9
    • NY

      5.6
    • IA

      4.6
    • IL

      3.7
    • OH

      3.5
    • MI

      3.3
    • WA

      3.0
    • FL

      2.7
    • CT

      2.5
    • AL

      2.4
    • SC

      2.0
    • KY

      1.9
    • PA

      1.8
    • MO

      1.8
    • NE

      1.4
    • AZ

      1.4
    • LA

      1.4
    • Other

      14.0
    • Total

      100.0
  • Portfolio Composition (%)
    as of 03/31/14

    • % of Net Assets

    • Stocks

      0.00
    • Bonds

      95.68
    • Other

      0.00
    • Cash

      4.32
    • Total

      100.00
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      95.68
    • Other

      4.32
    • Total

      100.00
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade BBB 29.74
    Non-Investment Grade BB 28.90
    B 11.57
    CCC 1.86
    Total Investment Grade 29.74
    Total Non-Investment Grade 42.33
    Total Not rated 23.56
    Barclays Composite Rating: A blend of a security's Moody's, S&P, and Fitch ratings. If all three agencies rate the security, the middle rating is taken. If only two agencies rate a security, the lower rating is taken. If only one agency rates a security, that rating is used. Not rated indicates that a security is rated by fewer than one of the three rating agencies. This composite is not intended to be a credit opinion.
  • 3-YR Risk Measures*
    as of 03/31/14

    • Beta vs. S&P 500 Index

    • Correlation vs. S&P 500 Index

    • Volatility (Standard Deviation)

    • Sharpe Ratio

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6 

  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Health Care Facilities

      23.9
    • IDR/PCR

      22.6
    • Special Tax

      11.7
    • Transportation

      10.1
    • Education

      9.7
    • Power Utilities

      7.5
    • Cash

      4.4
    • State General

      3.2
    • Leasing

      3.0
    • Water Utilities

      2.2
    • Housing

      1.7
    • Total

      100.0