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SHYDVanEck Vectors Short High Yield Muni ETF
Fund Description
The VanEck Vectors® Short High Yield Muni 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 market.
-
Fund Ticker
SHYD -
Exchange
Cboe -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
BMHYTR -
Index Rebalancing
Monthly
as of 01/14/21
-
30-Day SEC Yield1
2.18% -
Total Net Assets
$242.3M -
Number of Holdings
550 -
Options
Expected -
Gross Expense Ratio2
0.35% -
Net Expense Ratio/TER2
0.35% -
Distribution Frequency
Monthly
1, 2 See Important Disclosure.
Geographical Weightings (%) as of 12/31/20
-
State
% of Net Assets -
■
Illinois
18.0 -
■
New Jersey
12.1 -
■
New York
9.4 -
■
California
6.6 -
■
Florida
6.5 -
■
Texas
5.5 -
■
Pennsylvania
5.4 -
■
Puerto Rico
3.0 -
■
Wisconsin
2.7 -
■
Colorado
2.1 -
■
Ohio
2.1 -
■
Arizona
1.9 -
■
Alabama
1.9 -
■
Maryland
1.9 -
■
Washington
1.7 -
■
Georgia
1.6 -
■
Virginia
1.5 -
■
Louisiana
1.5 -
■
Connecticut
1.3 -
■
Virgin Islands
1.2 -
■
Other
12.0
Portfolio Composition (%)
as of 12/31/20
- % of Net Assets
-
Stocks
0.00 -
Bonds
100.20 -
Other
0.00 -
Cash
-0.21
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
100.21 -
Other/Cash
-0.21
Credit Quality (%) as of 12/31/20
Composite | % of Net Assets | |
---|---|---|
Investment Grade | A | 13.34 |
BBB | 27.18 | |
Non-Investment Grade | BB | 22.07 |
B | 8.47 | |
CCC | 3.12 | |
Total Investment Grade | -- | 40.52 |
Total Non-Investment Grade | -- | 33.66 |
Not Rated | -- | 25.82 |
3-YR Risk Measures*
as of 12/31/20
-
Beta vs. S&P 500 Index
0.10 -
Correlation vs. S&P 500 Index
0.33 -
Volatility (Standard Deviation)
5.80 -
Sharpe Ratio
0.39
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 12/31/20
Average Portfolio Maturity: 6.59 Years
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Industrial Revenue
24.3 -
■
Health Care
13.5 -
■
Leasing
11.8 -
■
Special Tax
10.8 -
■
Transportation
10.4 -
■
Education
8.4 -
■
Local
7.8 -
■
State
7.4 -
■
Tobacco
2.2 -
■
Power
1.6 -
■
Water & Sewer
1.6 -
■
Housing
0.2 -
■
Solid Waste/Res Recovery
0.0