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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 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 09/26/16

    • 30-Day SEC Yield1

      2.52%
    • Total Net Assets

      $138.7M
    • Number of Holdings

      373
    • Options

      Expected
    • Gross Expense Ratio2

      0.35%
    • Net Expense Ratio/TER2

      0.35%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2016
  • Key Points

    • High Yield, Shorter Duration Focus
      Index comprises highest yielding municipal bonds with maturities of 1-12 years, which potentially provides lower sensitivity to interest rates than all maturity high yield municipal bond funds

    • Enhanced Liquidity Feature
      Index includes investment-grade exposure for added liquidity

    • Diverse Sector Exposure and Low Default Rates
      Index covers wide range of muni sectors and securities with historically low default rates*

    * Source: Moody’s Investors Services; "U.S. Municipal Bond Defaults and Recoveries, 1970-2015"

  • Yields
    as of 09/26/16

    • 30-Day SEC Yield1

      2.52%
    • Distribution Yield1

      2.63%
    • 12-Month Yield1

      2.96%
    • Taxable Equivalent 30-Day SEC Yields1a

      --
    • 15% Federal Tax Rate

      2.97%
    • 25% Federal Tax Rate

      3.37%
    • 28% Federal Tax Rate

      3.51%
    • 33% Federal Tax Rate

      3.77%
    • 39.6% Federal Tax Rate

      4.18%
     1/1a See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      --
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.35%
    • Fee Waivers and
      Expense Reimbursement

      --
    • Net Expense Ratio/TER2

      0.35%
    2The investment management agreement between VanEck Vectors ETF Trust (the “Trust”) and Van Eck Associates Corporation (the “Adviser”) provides that the Adviser will pay all expenses of the Fund, except for the fee payment under the investment management agreement, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio." See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      SHYD
    • Index Total Return Ticker

      BMHYTR
    • NAV

      SHYDNV
    • Intraday NAV (IIV)5

      SHYDIV
    • Shares Outstanding

      5,500,000
    • Estimated Cash

      SHYDEU
    • Total Cash

      SHYDTC
    • CUSIP

      92189F387
    • ISIN

      US92189F3872
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 09/26/16

    • Yield to Worst

      3.05%
    • Yield to Maturity

      3.31%
    • Effective Duration (yrs)

      3.79
    • Duration to Worst (yrs)

      3.67
    • Modified Duration (yrs)

      3.66
    • Spread Duration (yrs)

      3.56
    • Years to Maturity

      7.16
    • Coupon

      4.97%
    • AMT

      14.44%
     4 See Important Disclosure for definitions.
  • Prices as of 09/26/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    SHYD $25.22
    $25.27
    20,007
    7,958
    $0.01 / +0.03%
    $0.01 / +0.02%
    +3.2%
    +5.2%
    $0.05
    0.20%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    01/13/14
    SHYD (NAV) 0.17 1.30 3.42 4.78 -- -- -- 3.60
    SHYD (Share Price) -0.15 1.14 5.36 5.29 -- -- -- 3.64
    BMHYTR (Index) 0.34 1.92 4.70 6.71 5.85 -- -- 6.11
    Performance Differential (NAV - Index) -0.17 -0.62 -1.28 -1.93 -- -- -- -2.51
    After Tax Held 0.17 1.30 3.42 4.78 -- -- -- 3.60
    After Tax Sold 0.18 1.02 2.79 4.05 -- -- -- 3.46
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    01/13/14
    SHYD (NAV) 1.06 1.85 3.18 4.30 -- -- -- 3.75
    SHYD (Share Price) 1.14 2.09 5.36 5.06 -- -- -- 3.90
    BMHYTR (Index) 1.24 2.33 4.00 6.31 5.01 -- -- 6.26
    Performance Differential (NAV - Index) -0.18 -0.48 -0.82 -2.01 -- -- -- -2.51
    After Tax Held 1.06 1.85 3.18 4.30 -- -- -- 3.75
    After Tax Sold 0.72 1.37 2.48 3.83 -- -- -- 3.59
  • Daily Holdings »Top 10 Holdings (%)as of 08/31/16

    Total Holdings: 365
    Issuer Name
    StateWeighting (%)
    Illinois St For Issues Dtd Prior To 01/16/2010 See 4521
    IL
    4.31
    Iowa Fin Auth Midwestern Disaster Area Rev
    IA
    3.38
    Chicago Ill
    IL
    3.34
    Buckeye Ohio Tob Settlement Fing Auth
    OH
    2.80
    Railsplitter Tob Settlement Auth Ill Tob Settlement Rev
    IL
    2.55
    Virgin Islands Pub Fin Auth Rev
    VI
    2.54
    Pennsylvania Economic Dev Fing Auth Rev
    PA
    1.93
    New York Transn Dev Corp Spl Fac Rev
    NY
    1.84
    Ohio St Air Quality Dev Auth Rev
    OH
    1.78
    Houston Tex Arpt Sys Rev
    TX
    1.72
    Top 10 Total (%)26.19

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Geographical Weightings (%) as of 08/31/16

    • State

      % of Net Assets
    • Illinois

      14.3
    • New York

      10.5
    • California

      9.3
    • Texas

      8.6
    • New Jersey

      6.7
    • Ohio

      6.7
    • Pennsylvania

      5.7
    • Iowa

      4.5
    • Louisiana

      3.7
    • Florida

      3.2
    • Maryland

      2.8
    • Virgin Islands

      2.7
    • Arizona

      2.7
    • Michigan

      2.3
    • Georgia

      1.5
    • Virginia

      1.3
    • Wisconsin

      1.2
    • Guam

      1.0
    • North Carolina

      1.0
    • Washington

      0.9
    • Other

      9.6
  • Currency Exposure (%)
    as of 08/31/16

    • U.S. Dollar

      100.42
    • Other/Cash

      -0.42
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Industrial Revenue

      24.9
    • Health Care

      16.7
    • Tobacco

      9.0
    • Transportation

      8.5
    • Special Tax

      8.0
    • Local

      8.0
    • Education

      7.0
    • State

      6.3
    • Power

      4.2
    • Leasing

      3.7
    • Water & Sewer

      1.6
    • Solid Waste/Res Recovery

      1.3
    • Unassigned

      0.7
    • Housing

      0.2
  • Credit Quality (%) as of 08/31/16

    Composite % of Net Assets
    Investment Grade A 18.85
    BBB 31.44
    Non-Investment Grade BB 18.43
    B 9.95
    CCC 3.90
    Total Investment Grade -- 50.29
    Total Non-Investment Grade -- 32.28
    Not Rated -- 17.43
    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.
  • Maturity (%) as of 08/31/16

    Average Portfolio Maturity: 7.23 Years