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SHYD VanEck Short High Yield Muni ETF Please read important disclosure Close important disclosure false

SHYD
VanEck Short High Yield Muni ETF

SHYD
VanEck Short High Yield Muni ETF

  • NAV
    $22.43

    as of July 12, 2024
  • YTD RETURNS
    2.06%

    as of July 12, 2024
  • Total Net Assets
    $316.32M

    as of July 12, 2024
  • Total Expense Ratio
    0.35%
  • Inception Date
    01/13/2014
  • 30-Day SEC Yield
    3.77%

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")

Performance

Fees

Holdings

Portfolio

Distributions

Team

Literature

SHYD