Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

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 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

      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 08/26/16

    • 30-Day SEC Yield1

      2.58%
    • Total Net Assets

      $135.5M
    • Number of Holdings

      366
    • Options

      Expected
    • Gross Expense Ratio2

      0.35%
    • Net Expense Ratio/TER2

      0.35%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      08/31/2016
  • Portfolio Composition (%)
    as of 08/26/16

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      100.40
    • Other

      0.00
    • Cash

      -0.40
  • Download All Fund Holdings »Daily Holdings (%) as of 08/26/16

    Total Holdings: 366
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    State
    Currency
    % of Net
    Assets
    Iowa Finance Authority
    5.000
    12/01/2019
    B+
    IA
    USD
    2.38
    Buckeye Tobacco Settlement Financing Au
    5.125
    06/01/2024
    CCC+
    OH
    USD
    2.05
    Illinois Finance Authority
    7.625
    05/15/2025
    AAA
    IL
    USD
    0.89
    Ohio Air Quality Development Authority
    3.750
    12/01/2023
    BB-
    OH
    USD
    0.88
    City Of Houston Tx Airport System Reven
    4.750
    07/01/2024
    B+
    TX
    USD
    0.85
    Railsplitter Tobacco Settlement Authori
    5.500
    06/01/2023
    AA-
    IL
    USD
    0.84
    Tobacco Settlement Financing Corp/Nj
    4.500
    06/01/2023
    BB+
    NJ
    USD
    0.83
    New York Transportation Development Cor
    5.000
    08/01/2026
    BB-
    NY
    USD
    0.83
    New York State Thruway Authority
    5.000
    05/01/2019
    A-
    NY
    USD
    0.80
    Texas Municipal Gas Acquisition & Suppl
    5.000
    12/15/2021
    BBB+
    TX
    USD
    0.79
    State Of Illinois
    5.500
    07/01/2024
    BBB
    IL
    USD
    0.79
    Buckeye Tobacco Settlement Financing Au
    5.375
    06/01/2024
    CCC+
    OH
    USD
    0.74
    Jefferson County Industrial Development
    5.250
    01/01/2024
    AA
    NY
    USD
    0.74
    City Of Chicago Il
    5.000
    01/01/2019
    BBB-
    IL
    USD
    0.72
    Arizona Health Facilities Authority
    5.100
    10/01/2022
    A
    AZ
    USD
    0.72
    Maryland Health & Higher Educational Fa
    5.000
    07/01/2019
    AA
    MD
    USD
    0.70
    Maryland Health & Higher Educational Fa
    5.000
    07/01/2024
    AA+
    MD
    USD
    0.69
    Los Angeles Unified School District/Ca
    5.000
    10/01/2027
    A+
    CA
    USD
    0.68
    Pennsylvania Economic Development Finan
    5.000
    12/31/2024
    BB
    PA
    USD
    0.68
    Texas Municipal Gas Acquisition & Suppl
    5.000
    12/15/2022
    BBB+
    TX
    USD
    0.67
    Palm Beach County Health Facilities Aut
    6.000
    06/01/2021
    A+
    FL
    USD
    0.67
    Gloucester County Pollution Control Fin
    5.000
    12/01/2024
    BB+
    NJ
    USD
    0.65
    Long Island Power Authority
    6.000
    05/01/2033
    A-
    NY
    USD
    0.64
    Antonio B Won Pat International Airport
    5.000
    10/01/2021
    BBB
    GU
    USD
    0.64
    Virgin Islands Public Finance Authority
    5.000
    10/01/2020
    BB+
    VI
    USD
    0.62
    Virgin Islands Public Finance Authority
    5.000
    10/01/2018
    BB+
    VI
    USD
    0.60
    State Of Illinois
    5.000
    06/01/2021
    BBB
    IL
    USD
    0.60
    Salem County Pollution Control Financin
    5.000
    12/01/2023
    BBB-
    NJ
    USD
    0.60
    North Texas Tollway Authority
    5.750
    01/01/2033
    A-
    TX
    USD
    0.60
    State Of Illinois
    5.000
    04/01/2018
    BBB
    IL
    USD
    0.59
    New York City Health & Hospital Corp
    5.500
    02/15/2021
    A+
    NY
    USD
    0.59
    Parish Of St Charles La
    4.000
    12/01/2040
    BBB
    LA
    USD
    0.59
    State Of Illinois
    5.000
    08/01/2022
    BBB
    IL
    USD
    0.58
    Public Finance Authority
    5.000
    07/01/2022
    A-
    WI
    USD
    0.58
    Iowa Finance Authority
    5.500
    12/01/2022
    B+
    IA
    USD
    0.58
    Build Nyc Resource Corp
    3.750
    01/01/2020
    --
    NY
    USD
    0.58
    New York State Environmental Facilities
    3.750
    12/01/2044
    B+
    NY
    USD
    0.58
    Virgin Islands Public Finance Authority
    5.000
    10/01/2022
    BB
    VI
    USD
    0.57
    Clark County School District
    5.000
    06/15/2027
    A+
    NV
    USD
    0.54
    Maryland Economic Development Corp
    5.750
    09/01/2025
    A+
    MD
    USD
    0.54
    Foothill-Eastern Transportation Corrido
    5.500
    01/15/2053
    BB+
    CA
    USD
    0.53
    Dekalb County Hospital Authority/Ga
    5.250
    09/01/2020
    AAA
    GA
    USD
    0.53
    City Of San Buenaventura Ca
    6.500
    12/01/2021
    BB
    CA
    USD
    0.53
    City Of Chicago Il
    5.000
    01/01/2023
    BBB
    IL
    USD
    0.52
    Municipal Improvement Corp Of Los Angel
    5.000
    11/01/2020
    A+
    CA
    USD
    0.52
    Michigan Strategic Fund
    7.500
    01/01/2021
    A-
    MI
    USD
    0.52
    Railsplitter Tobacco Settlement Authori
    5.000
    06/01/2018
    CC-
    IL
    USD
    0.52
    City Of New Orleans La Sewerage Service
    5.000
    06/01/2019
    A-
    LA
    USD
    0.52
    Wise County Industrial Development Auth
    1.875
    11/01/2040
    A-
    VA
    USD
    0.52
    State Of Illinois
    5.000
    05/01/2022
    BBB
    IL
    USD
    0.51
    Michigan Tobacco Settlement Finance Aut
    5.125
    06/01/2022
    A+
    MI
    USD
    0.50
    Western Hills Water District
    4.000
    09/01/2021
    AAA
    CA
    USD
    0.50
    Foothill-Eastern Transportation Corrido
    5.000
    01/15/2053
    BB+
    CA
    USD
    0.50
    Ohio Water Development Authority
    4.000
    12/01/2033
    BB-
    OH
    USD
    0.50
    Railsplitter Tobacco Settlement Authori
    5.250
    06/01/2020
    BBB+
    IL
    USD
    0.49
    Louisiana Local Government Environmenta
    5.500
    11/15/2025
    AA+
    LA
    USD
    0.49
    Railsplitter Tobacco Settlement Authori
    5.000
    06/01/2019
    AA
    IL
    USD
    0.49
    New Jersey Economic Development Authori
    5.000
    06/15/2019
    BBB+
    NJ
    USD
    0.49
    City Of New Orleans La Sewerage Service
    5.000
    06/01/2020
    A-
    LA
    USD
    0.48
    City Of Chicago Il
    5.000
    01/01/2023
    BBB-
    IL
    USD
    0.48
    Tobacco Settlement Financing Corp/La
    5.000
    05/15/2021
    AAA
    LA
    USD
    0.47
    Sa Energy Acquisition Public Facility C
    5.500
    08/01/2025
    A-
    TX
    USD
    0.46
    Montgomery County Industrial Developmen
    4.000
    01/01/2025
    BB-
    PA
    USD
    0.46
    Beaver County Industrial Development Au
    3.500
    12/01/2035
    BB-
    PA
    USD
    0.46
    Winrock Town Center Tax Increment Devel
    5.250
    05/01/2025
    AA
    NM
    USD
    0.46
    Poway Unified School District Public Fi
    5.000
    09/01/2024
    A+
    CA
    USD
    0.46
    City Of Westminster Md
    4.875
    07/01/2023
    AAA
    MD
    USD
    0.45
    Iowa Higher Education Loan Authority
    2.500
    10/01/2020
    --
    IA
    USD
    0.45
    City Of Houston Tx Airport System Reven
    4.500
    07/01/2020
    B+
    TX
    USD
    0.45
    Port Authority Of New York & New Jersey
    5.000
    12/01/2020
    BBB
    NY
    USD
    0.44
    Westchester County Healthcare Corp/Ny
    5.000
    11/01/2019
    BBB
    NY
    USD
    0.44
    County Of Cook Il
    5.250
    11/15/2022
    A+
    IL
    USD
    0.43
    Ohio Air Quality Development Authority
    5.625
    06/01/2018
    BBB-
    OH
    USD
    0.43
    State Of Illinois
    5.000
    01/01/2026
    BBB
    IL
    USD
    0.43
    Citizens Property Insurance Corp
    5.000
    06/01/2020
    A+
    FL
    USD
    0.43
    County Of Suffolk Ny
    5.000
    05/15/2020
    A-
    NY
    USD
    0.43
    California Health Facilities Financing
    5.625
    07/01/2025
    A-
    CA
    USD
    0.42
    Tobacco Settlement Financing Corp/Ri
    5.000
    06/01/2020
    A-
    RI
    USD
    0.42
    Port Of Oakland
    5.000
    05/01/2019
    A
    CA
    USD
    0.41
    Pennsylvania Economic Development Finan
    5.000
    06/30/2019
    AAA
    PA
    USD
    0.41
    State Of New Jersey
    5.000
    06/01/2021
    A
    NJ
    USD
    0.41
    Illinois Finance Authority
    5.750
    04/01/2024
    BB+
    IL
    USD
    0.41
    City Of Houston Tx Airport System Reven
    5.000
    07/15/2020
    AA-
    TX
    USD
    0.41
    Love Field Airport Modernization Corp
    5.000
    11/01/2018
    BBB
    TX
    USD
    0.41
    Industrial Development Authority Of The
    4.000
    07/01/2025
    AA-
    AZ
    USD
    0.41
    Washington State Housing Finance Commis
    4.000
    01/01/2026
    AA
    WA
    USD
    0.41
    Iowa Finance Authority
    5.250
    12/01/2025
    B+
    IA
    USD
    0.40
    Gulf Coast Industrial Development Autho
    4.875
    05/01/2025
    B+
    TX
    USD
    0.40
    Pennsylvania Turnpike Commission
    5.000
    06/01/2026
    A-
    PA
    USD
    0.40
    State Of Illinois
    5.000
    06/01/2019
    BBB
    IL
    USD
    0.40
    State Of Illinois
    5.000
    01/01/2022
    BBB
    IL
    USD
    0.40
    City Of Chicago Il
    5.000
    01/01/2025
    BBB
    IL
    USD
    0.40
    Inland Empire Tobacco Securitization Au
    5.750
    06/01/2026
    AA+
    CA
    USD
    0.40
    Florida Development Finance Corp
    5.000
    06/15/2025
    A+
    FL
    USD
    0.40
    California Municipal Finance Authority
    5.000
    03/01/2025
    AA+
    CA
    USD
    0.40
    Sam Rayburn Municipal Power Agency
    5.000
    10/01/2021
    BBB+
    TX
    USD
    0.40
    Michigan Finance Authority
    5.500
    06/01/2021
    AA+
    MI
    USD
    0.40
    Suffolk County Economic Development Cor
    5.000
    07/01/2018
    BBB+
    NY
    USD
    0.39
    Iowa Higher Education Loan Authority
    4.000
    10/01/2025
    AA+
    IA
    USD
    0.39
    City Of Chicago Il
    5.000
    01/01/2020
    BBB
    IL
    USD
    0.39
    State Of North Carolina
    4.000
    03/01/2023
    A+
    NC
    USD
    0.39
    Greene County Development Authority
    6.125
    01/01/2025
    AAA
    GA
    USD
    0.39
    City Of Liberty Mo
    5.125
    06/01/2025
    AAA
    MO
    USD
    0.39
    City Of Chicago Il
    5.000
    01/01/2025
    BBB-
    IL
    USD
    0.38
    Michigan Finance Authority
    5.000
    06/01/2020
    AAA
    MI
    USD
    0.38
    Montgomery County Industrial Developmen
    2.600
    03/01/2034
    BBB
    PA
    USD
    0.38
    Wise County Industrial Development Auth
    2.150
    10/01/2040
    A-
    VA
    USD
    0.38
    Ohio Water Development Authority Water
    4.375
    06/01/2033
    BBB-
    OH
    USD
    0.38
    Golden State Tobacco Securitization Cor
    4.500
    06/01/2027
    B-
    CA
    USD
    0.38
    Michigan Strategic Fund
    4.125
    07/01/2045
    --
    MI
    USD
    0.38
    Idaho Health Facilities Authority
    6.500
    10/01/2022
    AA-
    ID
    USD
    0.38
    Virgin Islands Public Finance Authority
    5.000
    10/01/2025
    BB+
    VI
    USD
    0.38
    Town Of Oyster Bay Ny
    3.000
    08/15/2018
    AA+
    NY
    USD
    0.37
    City Of Forsyth Mt
    2.000
    08/01/2023
    A
    MT
    USD
    0.37
    Public Finance Authority
    4.100
    06/15/2026
    --
    WI
    USD
    0.37
    Colorado Educational & Cultural Facilit
    3.750
    07/01/2026
    AA-
    CO
    USD
    0.37
    Florence Town Inc Industrial Developmen
    5.000
    07/01/2023
    AAA
    AZ
    USD
    0.37
    County Of Botetourt Va
    4.750
    07/01/2023
    AA-
    VA
    USD
    0.36
    Chicago Board Of Education
    5.000
    12/01/2020
    B
    IL
    USD
    0.36
    Industrial Development Authority Of The
    3.000
    07/01/2020
    AA-
    AZ
    USD
    0.36
    Ohio Water Development Authority
    3.950
    11/01/2032
    BB-
    OH
    USD
    0.36
    Tobacco Settlement Financing Corp/Nj
    5.000
    06/01/2018
    A
    NJ
    USD
    0.35
    County Of Otero Nm
    5.750
    04/01/2018
    --
    NM
    USD
    0.33
    New Jersey Health Care Facilities Finan
    5.000
    07/01/2021
    BB+
    NJ
    USD
    0.33
    Texas Municipal Gas Acquisition & Suppl
    5.250
    12/15/2021
    BBB+
    TX
    USD
    0.33
    Moon Industrial Development Authority
    5.000
    07/01/2020
    AAA
    PA
    USD
    0.33
    Louisiana Public Facilities Authority
    7.500
    07/01/2023
    --
    LA
    USD
    0.33
    Philadelphia Gas Works Co
    5.000
    08/01/2025
    BBB+
    PA
    USD
    0.32
    City Of New Orleans La Sewerage Service
    5.000
    06/01/2018
    A-
    LA
    USD
    0.32
    New Jersey Economic Development Authori
    4.375
    01/01/2024
    A
    NJ
    USD
    0.32
    Oakland Unified School District/Alameda
    5.000
    08/01/2022
    A+
    CA
    USD
    0.32
    Johnston Memorial Hospital Authority
    5.250
    10/01/2036
    A+
    NC
    USD
    0.32
    Virgin Islands Public Finance Authority
    5.000
    10/01/2019
    BB+
    VI
    USD
    0.31
    Municipal Electric Authority Of Georgia
    5.000
    01/01/2020
    A
    GA
    USD
    0.30
    Port Of Oakland
    5.000
    05/01/2020
    A
    CA
    USD
    0.30
    County Of Mason Wv
    1.625
    10/01/2022
    BBB
    WV
    USD
    0.30
    Jefferson County Industrial Development
    4.750
    01/01/2020
    A+
    NY
    USD
    0.30
    State Of New Jersey
    5.000
    08/15/2020
    A
    NJ
    USD
    0.30
    Territory Of Guam
    6.000
    11/15/2019
    AA-
    GU
    USD
    0.29
    Indiana Finance Authority
    5.000
    01/01/2019
    BBB
    IN
    USD
    0.29
    County Of Pulaski Ar
    5.500
    03/01/2034
    AA-
    AR
    USD
    0.29
    California State Public Works Board
    5.000
    09/01/2020
    A+
    CA
    USD
    0.29
    Sweetwater Union High School District
    5.625
    08/01/2047
    AA-
    CA
    USD
    0.28
    City Of Blaine Mn
    5.125
    07/01/2025
    AA+
    MN
    USD
    0.28
    New Hope Cultural Education Facilities
    5.000
    01/01/2024
    --
    TX
    USD
    0.28
    Central Texas Turnpike System
    5.000
    08/15/2024
    BBB
    TX
    USD
    0.28
    South Carolina Jobs-Economic Developmen
    5.375
    08/01/2022
    BBB+
    SC
    USD
    0.27
    California State Public Works Board
    5.000
    09/01/2021
    A+
    CA
    USD
    0.27
    City Of Coralville Ia
    5.250
    06/01/2022
    AA-
    IA
    USD
    0.27
    San Francisco City & County Airport Com
    5.000
    05/01/2022
    A+
    CA
    USD
    0.26
    Washington State Housing Finance Commis
    5.875
    01/01/2021
    A+
    WA
    USD
    0.26
    New York City Industrial Development Ag
    5.000
    12/01/2021
    A-
    NY
    USD
    0.26
    State Of Illinois
    5.500
    07/01/2026
    BBB
    IL
    USD
    0.26
    Ohio Air Quality Development Authority
    5.700
    08/01/2020
    BB-
    OH
    USD
    0.26
    North Carolina Medical Care Commission
    5.250
    06/01/2025
    A
    NC
    USD
    0.26
    King County Public Hospital District No
    5.000
    12/01/2025
    A+
    WA
    USD
    0.26
    Arizona Health Facilities Authority
    5.000
    02/01/2020
    AA+
    AZ
    USD
    0.25
    Chicago Board Of Education
    5.000
    12/01/2020
    B
    IL
    USD
    0.25
    Massachusetts Health & Educational Faci
    5.375
    07/01/2025
    A-
    MA
    USD
    0.24
    Philadelphia Gas Works Co
    5.375
    07/01/2018
    A
    PA
    USD
    0.24
    Puerto Rico Public Buildings Authority
    5.500
    07/01/2018
    CC+
    PR
    USD
    0.24
    St Lucie County School Board
    5.000
    10/01/2025
    A+
    FL
    USD
    0.24
    Philadelphia Gas Works Co
    5.000
    10/01/2026
    BBB+
    PA
    USD
    0.23
    Brooklyn Arena Local Development Corp
    5.000
    07/15/2027
    AAA
    NY
    USD
    0.23
    Brooklyn Arena Local Development Corp
    5.000
    07/15/2026
    B
    NY
    USD
    0.23
    Brooklyn Arena Local Development Corp
    5.000
    07/15/2028
    AA-
    NY
    USD
    0.23
    California Pollution Control Financing
    4.750
    12/01/2023
    BBB+
    CA
    USD
    0.23
    New Jersey Health Care Facilities Finan
    5.000
    07/01/2026
    BBB-
    NJ
    USD
    0.23
    Lake Elsinore Public Financing Authorit
    5.000
    09/01/2024
    A+
    CA
    USD
    0.23
    Mid-Bay Bridge Authority
    5.000
    10/01/2024
    BBB+
    FL
    USD
    0.23
    Mid-Bay Bridge Authority
    5.000
    10/01/2023
    BBB+
    FL
    USD
    0.23
    New Jersey Health Care Facilities Finan
    5.000
    07/01/2024
    BBB-
    NJ
    USD
    0.23
    Pennsylvania Economic Development Finan
    5.000
    12/31/2023
    AA-
    PA
    USD
    0.22
    New Hope Cultural Education Facilities
    5.000
    07/01/2024
    BBB-
    TX
    USD
    0.22
    City Of Chicago Il
    5.500
    01/01/2018
    BBB-
    IL
    USD
    0.22
    State Of New Jersey
    5.000
    06/01/2022
    A
    NJ
    USD
    0.22
    New York Transportation Development Cor
    5.000
    01/01/2022
    BBB+
    NY
    USD
    0.22
    New Hope Cultural Education Facilities
    5.000
    07/01/2023
    BBB-
    TX
    USD
    0.22
    City Of Cleveland Oh Airport System Rev
    5.000
    01/01/2024
    BBB+
    OH
    USD
    0.22
    Pennsylvania Economic Development Finan
    5.000
    12/31/2021
    AA+
    PA
    USD
    0.22
    Louisiana Public Facilities Authority
    7.000
    07/01/2024
    AA
    LA
    USD
    0.22
    County Of Allen Oh
    5.000
    09/01/2021
    A+
    OH
    USD
    0.22
    Indiana Finance Authority
    5.250
    09/01/2025
    BB
    IN
    USD
    0.22
    New York Transportation Development Cor
    5.000
    01/01/2021
    BBB+
    NY
    USD
    0.22
    New Jersey Building Authority
    5.000
    06/15/2024
    A-
    NJ
    USD
    0.22
    Arizona Health Facilities Authority
    5.000
    02/01/2021
    AAA
    AZ
    USD
    0.22
    California Statewide Communities Develo
    5.000
    05/15/2020
    --
    CA
    USD
    0.21
    Chicago Board Of Education
    5.500
    12/01/2019
    B
    IL
    USD
    0.21
    Pennsylvania Economic Development Finan
    5.000
    12/31/2020
    BBB+
    PA
    USD
    0.21
    New Jersey Economic Development Authori
    5.000
    03/01/2021
    A-
    NJ
    USD
    0.21
    State Of New Jersey
    5.000
    06/01/2020
    A
    NJ
    USD
    0.21
    New York Transportation Development Cor
    5.000
    08/01/2021
    BB-
    NY
    USD
    0.21
    Pennsylvania Turnpike Commission
    5.000
    06/01/2025
    A
    PA
    USD
    0.21
    Pennsylvania Economic Development Finan
    5.000
    12/31/2019
    AAA
    PA
    USD
    0.21
    American Municipal Power Inc
    5.250
    02/15/2026
    AA-
    OH
    USD
    0.21
    New York State Dormitory Authority
    5.000
    05/01/2021
    AAA
    NY
    USD
    0.20
    Industrial Development Authority Of The
    4.375
    07/01/2026
    AA-
    AZ
    USD
    0.20
    Texas Municipal Gas Acquisition & Suppl
    5.250
    12/15/2022
    BBB+
    TX
    USD
    0.20
    Dallas/Fort Worth International Airport
    4.000
    11/01/2019
    A
    TX
    USD
    0.20
    Foothill-Eastern Transportation Corrido
    5.000
    01/15/2053
    BB+
    CA
    USD
    0.20
    State Of Illinois
    5.000
    01/01/2020
    BBB
    IL
    USD
    0.20
    California Health Facilities Financing
    5.500
    07/01/2025
    A-
    CA
    USD
    0.20
    Massachusetts Health & Educational Faci
    5.375
    07/01/2021
    A-
    MA
    USD
    0.20
    County Of Rice Mn
    5.000
    08/01/2022
    DD+
    MN
    USD
    0.20
    New York State Dormitory Authority
    4.000
    05/01/2022
    AA+
    NY
    USD
    0.20
    Wppi Energy
    5.250
    07/01/2020
    AA-
    WI
    USD
    0.20
    Clifton Higher Education Finance Corp
    4.625
    08/15/2025
    A-
    TX
    USD
    0.20
    School Board Of Miami-Dade County/The
    5.000
    08/01/2018
    A
    FL
    USD
    0.20
    Scranton Redevelopment Authority
    5.000
    11/15/2021
    A+
    PA
    USD
    0.20
    Ohio Air Quality Development Authority
    5.625
    10/01/2019
    BBB-
    OH
    USD
    0.20
    New York Transportation Development Cor
    5.000
    08/01/2018
    BB-
    NY
    USD
    0.20
    La Vernia Higher Education Finance Corp
    4.200
    08/15/2025
    A+
    TX
    USD
    0.20
    Tobacco Settlement Financing Corp/La
    5.000
    05/15/2020
    AAA
    LA
    USD
    0.19
    Northern Palm Beach County Improvement
    4.500
    08/01/2024
    BBB+
    FL
    USD
    0.19
    West Virginia Economic Development Auth
    6.750
    02/01/2026
    A+
    WV
    USD
    0.19
    New Jersey Economic Development Authori
    5.125
    09/15/2023
    B+
    NJ
    USD
    0.19
    Mohegan Tribe Of Indians Of Connecticut
    5.500
    02/01/2023
    A+
    CT
    USD
    0.19
    City Of Sioux Falls Sd
    5.000
    11/15/2021
    AA
    SD
    USD
    0.19
    Palm Beach County Health Facilities Aut
    6.250
    06/01/2023
    A-
    FL
    USD
    0.19
    Mohegan Tribe Of Indians Of Connecticut
    5.250
    02/01/2022
    AAA
    CT
    USD
    0.19
    Payne County Economic Development Autho
    4.750
    11/01/2023
    A
    OK
    USD
    0.19
    Colorado Health Facilities Authority
    5.200
    07/01/2022
    --
    CO
    USD
    0.19
    New Jersey Economic Development Authori
    4.875
    09/15/2019
    B+
    NJ
    USD
    0.18
    California Statewide Communities Develo
    5.500
    07/01/2022
    AA
    CA
    USD
    0.18
    New Jersey Health Care Facilities Finan
    5.000
    07/01/2025
    BBB-
    NJ
    USD
    0.18
    Chicago Board Of Education
    5.000
    12/01/2019
    B
    IL
    USD
    0.18
    Chicago Board Of Education
    5.250
    12/01/2023
    B
    IL
    USD
    0.18
    Hospital Facilities Authority Of Multno
    5.000
    10/01/2019
    AA+
    OR
    USD
    0.18
    Town Of Oyster Bay Ny
    3.000
    08/15/2020
    A+
    NY
    USD
    0.18
    New York City Industrial Development Ag
    5.000
    07/01/2022
    A-
    NY
    USD
    0.17
    Kentucky State Property & Building Comm
    5.000
    08/01/2020
    A+
    KY
    USD
    0.17
    Allegheny County Industrial Development
    6.750
    11/01/2024
    B-
    PA
    USD
    0.17
    School Board Of Miami-Dade County/The
    5.000
    11/01/2019
    A
    FL
    USD
    0.17
    City Of Baltimore Md
    5.250
    09/01/2021
    BB
    MD
    USD
    0.17
    Clarksville Natural Gas Acquisition Cor
    5.000
    12/15/2019
    A-
    TN
    USD
    0.17
    Indiana Finance Authority
    6.000
    12/01/2019
    B-
    IN
    USD
    0.16
    New York Transportation Development Cor
    5.000
    08/01/2019
    BB-
    NY
    USD
    0.16
    Travis County Health Facilities Develop
    6.000
    01/01/2022
    AA
    TX
    USD
    0.16
    City Of Baltimore Md
    5.250
    09/01/2023
    BB
    MD
    USD
    0.16
    Puerto Rico Highways & Transportation A
    5.750
    07/01/2021
    CC
    PR
    USD
    0.16
    County Of Alachua Fl
    5.625
    11/15/2022
    AAA
    FL
    USD
    0.15
    New York State Dormitory Authority
    5.000
    05/01/2023
    A
    NY
    USD
    0.15
    New Jersey Economic Development Authori
    5.000
    06/15/2022
    BBB+
    NJ
    USD
    0.14
    Public Authority For Colorado Energy
    6.125
    11/15/2023
    BBB+
    CO
    USD
    0.14
    State Of Illinois
    4.000
    01/01/2024
    BBB
    IL
    USD
    0.13
    Texas Municipal Gas Acquisition & Suppl
    5.250
    12/15/2025
    BBB+
    TX
    USD
    0.13
    Vermont Economic Development Authority
    5.000
    12/15/2020
    AA
    VT
    USD
    0.13
    New Jersey Economic Development Authori
    5.000
    06/15/2023
    BBB+
    NJ
    USD
    0.13
    Main Street Natural Gas Inc
    5.500
    09/15/2025
    A-
    GA
    USD
    0.13
    Maine Health & Higher Educational Facil
    5.000
    07/01/2020
    BB+
    ME
    USD
    0.12
    California Municipal Finance Authority
    6.000
    06/01/2023
    BBB
    CA
    USD
    0.12
    Texas Municipal Gas Acquisition & Suppl
    5.625
    12/15/2017
    BBB+
    TX
    USD
    0.12
    Philadelphia Authority For Industrial D
    5.875
    06/15/2022
    A
    PA
    USD
    0.12
    Main Street Natural Gas Inc
    5.500
    09/15/2023
    A-
    GA
    USD
    0.12
    Massachusetts Development Finance Agenc
    5.000
    07/01/2029
    AA-
    MA
    USD
    0.12
    City Of Chicago Il
    5.000
    01/01/2020
    BBB-
    IL
    USD
    0.12
    Delaware River Port Authority
    5.000
    01/01/2022
    BBB
    PA
    USD
    0.12
    County Of Otero Nm
    6.000
    04/01/2023
    AA-
    NM
    USD
    0.12
    Materials Innovation And Recycling Auth
    6.450
    11/15/2022
    AA+
    CT
    USD
    0.11
    Alabama Industrial Development Authorit
    6.450
    12/01/2023
    AAA
    AL
    USD
    0.11
    Alabama Industrial Development Authorit
    6.450
    12/01/2023
    AA-
    AL
    USD
    0.11
    Virgin Islands Water & Power Authority
    5.000
    07/01/2023
    B+
    VI
    USD
    0.11
    New York State Dormitory Authority
    5.000
    09/01/2022
    A+
    NY
    USD
    0.11
    City Of Vernon Ca Electric System Reven
    5.125
    08/01/2021
    BBB+
    CA
    USD
    0.11
    County Of Muskingum Oh
    5.000
    02/15/2020
    BB
    OH
    USD
    0.11
    Puerto Rico Sales Tax Financing Corp Sa
    5.000
    08/01/2022
    CC-
    PR
    USD
    0.11
    Kuakini Health System
    6.300
    07/01/2022
    A-
    HI
    USD
    0.10
    Kansas City Industrial Development Auth
    6.250
    01/01/2024
    AA
    MO
    USD
    0.10
    Sa Energy Acquisition Public Facility C
    5.500
    08/01/2027
    A-
    TX
    USD
    0.10
    Sa Energy Acquisition Public Facility C
    5.500
    08/01/2022
    A-
    TX
    USD
    0.10
    Harbor Point Infrastructure Improvement
    7.000
    04/01/2022
    A-
    CT
    USD
    0.09
    Sa Energy Acquisition Public Facility C
    5.500
    08/01/2021
    A-
    TX
    USD
    0.09
    Texas Municipal Gas Acquisition & Suppl
    5.000
    12/15/2024
    BBB+
    TX
    USD
    0.09
    San Francisco City & County Redevelopme
    5.000
    08/01/2023
    AAA
    CA
    USD
    0.09
    Railsplitter Tobacco Settlement Authori
    5.375
    06/01/2021
    AA
    IL
    USD
    0.09
    Industrial Development Authority Of The
    5.000
    06/15/2020
    A
    MO
    USD
    0.09
    New Jersey Health Care Facilities Finan
    4.625
    07/01/2023
    A-
    NJ
    USD
    0.08
    City Of Baltimore Md
    5.250
    09/01/2024
    BB
    MD
    USD
    0.08
    Railsplitter Tobacco Settlement Authori
    5.125
    06/01/2019
    A+
    IL
    USD
    0.08
    Village Community Development District
    4.500
    05/01/2023
    --
    FL
    USD
    0.08
    Long Beach Bond Finance Authority
    5.250
    11/15/2018
    BBB+
    CA
    USD
    0.08
    Chicago Board Of Education
    4.250
    12/01/2018
    B
    IL
    USD
    0.08
    Overland Park Development Corp
    5.125
    01/01/2022
    BB
    KS
    USD
    0.08
    City Of Cleveland Oh Airport System Rev
    5.250
    01/01/2021
    BBB+
    OH
    USD
    0.08
    San Jose Redevelopment Agency
    5.000
    08/01/2021
    BBB
    CA
    USD
    0.08
    Hospitals & Higher Education Facilities
    5.000
    07/01/2022
    BB+
    PA
    USD
    0.08
    City Of Chicago Il
    5.000
    01/01/2022
    BBB-
    IL
    USD
    0.08
    Idaho Health Facilities Authority
    6.000
    10/01/2021
    AA+
    ID
    USD
    0.08
    New York City Industrial Development Ag
    5.000
    01/01/2021
    BBB-
    NY
    USD
    0.08
    Maine Health & Higher Educational Facil
    5.000
    07/01/2019
    BB+
    ME
    USD
    0.07
    Johnson City Health & Educational Facil
    5.375
    07/01/2025
    BBB+
    TN
    USD
    0.07
    Puerto Rico Highways & Transportation A
    0.000
    07/01/2018
    CC
    PR
    USD
    0.07
    Texas Municipal Gas Acquisition & Suppl
    5.250
    12/15/2024
    BBB+
    TX
    USD
    0.07
    Virgin Islands Public Finance Authority
    6.750
    10/01/2019
    BB-
    VI
    USD
    0.07
    Chicago Board Of Education
    5.000
    12/01/2017
    B
    IL
    USD
    0.07
    Chicago Board Of Education
    5.000
    12/01/2018
    B
    IL
    USD
    0.07
    Puerto Rico Sales Tax Financing Corp Sa
    4.625
    08/01/2019
    CC-
    PR
    USD
    0.06
    New Jersey Economic Development Authori
    4.000
    06/15/2019
    BBB+
    NJ
    USD
    0.06
    Texas Municipal Gas Acquisition & Suppl
    5.250
    12/15/2018
    BBB+
    TX
    USD
    0.06
    Michigan Tobacco Settlement Finance Aut
    5.250
    06/01/2022
    --
    MI
    USD
    0.06
    Salt Verde Financial Corp
    5.250
    12/01/2024
    BBB+
    AZ
    USD
    0.06
    Tobacco Settlement Financing Corp/Nj
    5.000
    06/01/2019
    A-
    NJ
    USD
    0.06
    Salt Verde Financial Corp
    5.250
    12/01/2021
    BBB+
    AZ
    USD
    0.06
    Louisiana Public Facilities Authority
    6.250
    12/01/2019
    A
    LA
    USD
    0.06
    Virgin Islands Water & Power Authority
    5.000
    07/01/2024
    B+
    VI
    USD
    0.06
    West Virginia Hospital Finance Authorit
    6.250
    10/01/2023
    --
    WV
    USD
    0.05
    New York City Industrial Development Ag
    5.000
    01/01/2020
    BBB-
    NY
    USD
    0.05
    Chicago Board Of Education
    5.000
    12/01/2021
    B
    IL
    USD
    0.05
    Cullman County Health Care Authority
    6.250
    02/01/2023
    BB+
    AL
    USD
    0.05
    City Of Atlantic City Nj
    5.500
    02/15/2018
    AAA
    NJ
    USD
    0.05
    Chicago Board Of Education
    5.000
    12/01/2018
    B
    IL
    USD
    0.05
    Sa Energy Acquisition Public Facility C
    5.500
    08/01/2024
    A-
    TX
    USD
    0.05
    Illinois Finance Authority
    6.200
    05/15/2030
    AA
    IL
    USD
    0.05
    Illinois Finance Authority
    5.000
    04/01/2020
    BB+
    IL
    USD
    0.05
    Salt Verde Financial Corp
    5.250
    12/01/2023
    BBB+
    AZ
    USD
    0.05
    City Of Atlantic City Nj
    5.000
    12/01/2020
    A
    NJ
    USD
    0.04
    City Of Detroit Mi Water Supply System
    5.250
    07/01/2025
    BBB+
    MI
    USD
    0.04
    Lincoln Public Financing Authority
    5.375
    09/02/2021
    --
    CA
    USD
    0.04
    Illinois Finance Authority
    5.500
    08/15/2024
    BBB+
    IL
    USD
    0.04
    Virgin Islands Water & Power Authority
    5.000
    07/01/2025
    B+
    VI
    USD
    0.04
    Town Of Oyster Bay Ny
    3.000
    08/15/2021
    A
    NY
    USD
    0.04
    County Of Muskingum Oh
    4.000
    02/15/2023
    BB
    OH
    USD
    0.04
    Clarksville Natural Gas Acquisition Cor
    5.000
    12/15/2017
    A-
    TN
    USD
    0.04
    New York State Dormitory Authority
    5.000
    08/01/2022
    BBB
    NY
    USD
    0.04
    City Of Cleveland Oh Airport System Rev
    5.000
    01/01/2022
    BBB+
    OH
    USD
    0.04
    Puerto Rico Convention Center District
    4.750
    07/01/2022
    CC
    PR
    USD
    0.04
    Puerto Rico Convention Center District
    4.125
    07/01/2021
    CC
    PR
    USD
    0.04
    Town Of Oyster Bay Ny
    3.000
    08/15/2019
    A-
    NY
    USD
    0.04
    New York State Dormitory Authority
    5.000
    05/01/2019
    A-
    NY
    USD
    0.04
    Antonio B Won Pat International Airport
    5.000
    10/01/2017
    BBB
    GU
    USD
    0.04
    Railsplitter Tobacco Settlement Authori
    5.250
    06/01/2021
    AA-
    IL
    USD
    0.04
    Metropolitan Pier & Exposition Authorit
    5.000
    06/15/2023
    BBB
    IL
    USD
    0.03
    Metropolitan Pier & Exposition Authorit
    5.000
    12/15/2022
    BBB
    IL
    USD
    0.03
    Commonwealth Of Puerto Rico
    5.500
    07/01/2018
    DD+
    PR
    USD
    0.03
    Metropolitan Pier & Exposition Authorit
    0.000
    06/15/2018
    BBB-
    IL
    USD
    0.03
    Alameda Corridor Transportation Authori
    0.000
    10/01/2018
    BBB
    CA
    USD
    0.03
    Tsasc Inc/Ny
    4.750
    06/01/2022
    --
    NY
    USD
    0.03
    Puerto Rico Sales Tax Financing Corp Sa
    5.000
    08/01/2018
    CC-
    PR
    USD
    0.02
    Puerto Rico Sales Tax Financing Corp Sa
    4.750
    08/01/2023
    CC-
    PR
    USD
    0.02
    Clarksville Natural Gas Acquisition Cor
    5.000
    12/15/2021
    A-
    TN
    USD
    0.02
    Suffolk County Economic Development Cor
    5.000
    07/01/2022
    BBB+
    NY
    USD
    0.02
    City Of Modesto Ca
    5.000
    11/01/2023
    AA
    CA
    USD
    0.02
    Puerto Rico Highways & Transportation A
    5.000
    07/01/2021
    CC
    PR
    USD
    0.02
    Puerto Rico Highways & Transportation A
    5.000
    07/01/2020
    CC
    PR
    USD
    0.02
    Chesterfield County Economic Developmen
    4.125
    01/01/2024
    A-
    VA
    USD
    0.02
    New York City Industrial Development Ag
    5.000
    01/01/2022
    BBB-
    NY
    USD
    0.02
    Puerto Rico Highways & Transportation A
    5.000
    07/01/2018
    CC
    PR
    USD
    0.02
    City Of New Orleans La Sewerage Service
    5.000
    06/01/2022
    A-
    LA
    USD
    0.02
    Texas Municipal Gas Acquisition & Suppl
    5.250
    12/15/2019
    BBB+
    TX
    USD
    0.02
    Texas Municipal Gas Acquisition & Suppl
    5.000
    12/15/2018
    BBB+
    TX
    USD
    0.02
    San Jose Redevelopment Agency
    5.000
    08/01/2018
    BBB
    CA
    USD
    0.02
    Mississippi Business Finance Corp
    5.875
    04/01/2022
    BBB
    MS
    USD
    0.02
    Alameda Corridor Transportation Authori
    0.000
    10/01/2017
    BBB
    CA
    USD
    0.01
    Puerto Rico Highways & Transportation A
    5.000
    07/01/2019
    CC
    PR
    USD
    0.01
    Texas Municipal Gas Acquisition & Suppl
    5.250
    12/15/2023
    BBB+
    TX
    USD
    0.01
    Oakland Unified School District/Alameda
    6.250
    08/01/2019
    AA-
    CA
    USD
    0.01
    New Hampshire Health And Education Faci
    5.250
    10/01/2018
    A-
    NH
    USD
    0.01
    Kentucky Economic Development Finance A
    5.250
    06/01/2023
    BBB
    KY
    USD
    0.01
    Mohave County Industrial Development Au
    7.500
    05/01/2019
    A+
    AZ
    USD
    0.01
    Puerto Rico Highways & Transportation A
    5.500
    07/01/2021
    CC
    PR
    USD
    0.01
    Puerto Rico Convention Center District
    5.000
    07/01/2018
    CC
    PR
    USD
    0.01
    Ohio Air Quality Development Authority
    6.750
    06/01/2024
    CCC+
    OH
    USD
    0.01
    Maverick County Public Facility Corp
    6.250
    02/01/2024
    --
    TX
    USD
    0.00
    Puerto Rico Highways & Transportation A
    4.125
    07/01/2019
    CC
    PR
    USD
    0.00
    Illinois Finance Authority
    2.000
    05/15/2055
    --
    IL
    USD
    0.00
    Other/Cash
    --
    --
    --
    --
    USD
    -0.40

    These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.