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VanEck Vectors High-Yield Municipal Index ETF
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SHYD
VanEck 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 Bloomberg 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

    Cboe

  • Commencement

    01/13/2014

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    BMHYTR

  • Index Rebalancing

    Monthly

 
as of 01/24/20

  • 30-Day SEC Yield1

    2.56%

  • Total Net Assets

    $284.7M

  • Number of Holdings

    604

  • Options

    Expected

  • Gross Expense Ratio2

    0.35%

  • Net Expense Ratio/TER2

    0.35%

  • Distribution Frequency

    Monthly

  • Next Distribution Date

    01/31/2020

1, 2 See Important Disclosure. 

Geographical Weightings (%) as of 12/31/19

  • State

    % of Net Assets
  • ■

    Illinois

    17.4
  • ■

    New Jersey

    10.8
  • ■

    Ohio

    7.4
  • ■

    Florida

    7.3
  • ■

    California

    6.8
  • ■

    New York

    6.3
  • ■

    Texas

    4.4
  • ■

    Pennsylvania

    4.1
  • ■

    Colorado

    3.6
  • ■

    Puerto Rico

    2.8
  • ■

    Wisconsin

    2.7
  • ■

    Georgia

    2.0
  • ■

    Arizona

    1.8
  • ■

    Iowa

    1.6
  • ■

    Connecticut

    1.5
  • ■

    Oregon

    1.5
  • ■

    Massachusetts

    1.5
  • ■

    Virgin Islands

    1.4
  • ■

    Maryland

    1.2
  • ■

    Louisiana

    1.2
  • ■

    Other

    12.8

Portfolio Composition (%)
as of 12/31/19

  • % of Net Assets

  • Stocks

    0.00

  • Bonds

    99.31

  • Other

    0.00

  • Cash

    0.69

Currency Exposure (%)
as of 12/31/19

  • U.S. Dollar

    99.31

  • Other/Cash

    0.69

Credit Quality (%) as of 12/31/19

Composite % of Net Assets
Investment Grade A 13.12
BBB 31.05
Non-Investment Grade BB 19.98
B 2.98
CCC 5.38
Total Investment Grade -- 44.16
Total Non-Investment Grade -- 28.34
Not Rated -- 27.49
Source: Barclays.  Rating is a proprietary composite of various rating agencies.

3-YR Risk Measures*
as of 12/31/19

  • Beta vs. S&P 500 Index

    0.01

  • Correlation vs. S&P 500 Index

    0.05

  • Volatility (Standard Deviation)

    1.81

  • Sharpe Ratio

    1.89

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

Maturity (%) as of 12/31/19

 Average Portfolio Maturity: 8.50 Years

Sector Weightings (%) as of 12/31/19

  • Sector

    % of Net Assets
  • ■

    Industrial Revenue

    21.4
  • ■

    Health Care

    15.1
  • ■

    Leasing

    10.1
  • ■

    State

    9.9
  • ■

    Special Tax

    9.3
  • ■

    Transportation

    9.2
  • ■

    Education

    8.2
  • ■

    Local

    6.7
  • ■

    Tobacco

    5.1
  • ■

    Water & Sewer

    2.2
  • ■

    Housing

    1.7
  • ■

    Power

    1.3
  • ■

    Solid Waste/Res Recovery

    0.0