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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 07/29/14

    • 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
  • Geographical Weightings (%)
    as of 06/30/14

    • State

      % of Net Assets
    • OH

      10.6
    • NJ

      9.7
    • LA

      9.4
    • TX

      9.0
    • CA

      7.1
    • IL

      6.8
    • PR

      5.5
    • MI

      4.6
    • NY

      3.9
    • WI

      3.7
    • IA

      3.3
    • PA

      2.8
    • AZ

      2.7
    • VI

      2.1
    • CO

      2.0
    • AR

      2.0
    • KY

      1.9
    • NM

      1.8
    • FL

      1.7
    • SC

      1.3
    • Other

      7.9
  • Portfolio Composition (%)
    as of 06/30/14

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      100.45
    • Other

      0.00
    • Cash

      -0.45
  • Currency Exposure (%)
    as of 06/30/14

    • U.S. Dollar

      100.46
    • Other

      -0.46
    • Total

      100.00
  • Credit Quality (%)
    as of 06/30/14

    Composite % of Net Assets
    Investment Grade A 4.29
    BBB 39.84
    Non-Investment Grade BB 13.42
    B 12.53
    CCC 1.00
    Total Investment Grade 44.13
    Total Non-Investment Grade 26.94
    Not Rated 21.89
    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 06/30/14

    • 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 06/30/14

    • Sector

      % of Net Assets
    • IDR/PCR

      33.2
    • Health Care Facilities

      19.5
    • Transportation

      9.6
    • Power Utilities

      6.9
    • Water Utilities

      6.7
    • Leasing

      5.8
    • Special Tax

      5.3
    • Education

      3.7
    • Local General

      2.7
    • Unassigned

      2.5
    • State General

      2.2
    • Housing

      0.5
    • Cash

      -0.5