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SHYD Market Vectors Short High-Yield Municipal Index ETF

  • Fund Description

    The VanEck Vectors Short High-Yield Municipal Index ETF (SHYD®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays Municipal High Yield Short Duration Index (BMHYTR), which is intended to track the overall performance of the U.S. dollar denominated high yield short-term tax-exempt bond.

  •  
      

    • 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 07/26/16

    • 30-Day SEC Yield1

      2.84%
    • Total Net Assets

      $125.4M
    • Number of Holdings

      394
    • Options

      Expected
    • Gross Expense Ratio2

      0.35%
    • Net Expense Ratio/TER2

      0.35%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      07/29/2016
  • Geographical Weightings (%) as of 06/30/16

    • State

      % of Net Assets
    • Illinois

      14.6
    • Texas

      9.0
    • New York

      8.2
    • California

      7.9
    • Pennsylvania

      6.6
    • New Jersey

      6.2
    • Ohio

      5.4
    • Iowa

      4.6
    • Louisiana

      4.2
    • Florida

      3.6
    • Puerto Rico

      3.6
    • Arizona

      3.1
    • Virgin Islands

      2.8
    • Michigan

      2.7
    • Maryland

      2.6
    • Georgia

      1.5
    • Virginia

      1.4
    • Guam

      1.1
    • New Mexico

      1.0
    • Wisconsin

      1.0
    • Other

      8.7
  • Portfolio Composition (%)
    as of 06/30/16

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      100.27
    • Other

      0.00
    • Cash

      -0.27
  • Currency Exposure (%)
    as of 06/30/16

    • U.S. Dollar

      100.27
    • Other/Cash

      -0.27
  • Credit Quality (%)
    as of 06/30/16

    Composite % of Net Assets
    Investment Grade A 12.24
    BBB 40.79
    Non-Investment Grade BB 11.75
    B 10.86
    CCC 6.48
    Total Investment Grade -- 53.03
    Total Non-Investment Grade -- 29.09
    Not Rated -- 17.89
    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 06/30/16

    • Beta vs. S&P 500 Index

      --
    • Correlation vs. S&P 500 Index

      --
    • Volatility (Standard Deviation)

      --
    • Sharpe Ratio

      --

    Source: VanEck, 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 06/30/16

    • Sector

      % of Net Assets
    • Industrial Revenue

      24.1
    • Health Care

      17.6
    • Tobacco

      9.5
    • Transportation

      8.1
    • Special Tax

      8.0
    • Local

      7.8
    • Education

      7.1
    • State

      6.7
    • Power

      4.1
    • Leasing

      3.3
    • Water & Sewer

      2.1
    • Solid Waste/Res Recovery

      1.4
    • Unassigned

      0.1