SHYD
VanEck Short High Yield Muni ETF
SHYD
VanEck Short High Yield Muni ETF
SHYD
VanEck Short High Yield Muni ETF
SHYD
VanEck Short High Yield Muni ETF
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NAV$22.57
as of August 23, 2024 -
YTD RETURNS2.95%
as of August 23, 2024 -
Total Net Assets$318.19M
as of August 23, 2024 -
Total Expense Ratio0.35%
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Inception Date01/13/2014
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30-Day SEC Yield3.68%
Fund Description
The VanEck Short High Yield Muni ETF (SHYD®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of ICE 1-12 Year Broad High Yield Crossover Municipal Index (MIHX), which is intended to track the overall performance of the U.S. dollar denominated high yield short-term tax-exempt bond market.
Overview
Fund Highlights
- 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 20% BBB and 10% A investment-grade exposure as well as a 25% cap on non-rated bonds 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, 1970-2018")
Recommended Insights
2024 Mid-Year Update: Are Municipal Bonds on the Road to Recovery?
2024 Mid-Year Update: Are Municipal Bonds on the Road to Recovery?