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Trending ETFs

VanEck Short High Yield Muni ETF

ETF
SHYD
Payout Change
Pending
Price as of:
$22.26 -0.03 -0.13%
primary theme
High Yield Municipal Bond
SHYD (ETF)

VanEck Short High Yield Muni ETF

Payout Change
Pending
Price as of:
$22.26 -0.03 -0.13%
primary theme
High Yield Municipal Bond
SHYD (ETF)

VanEck Short High Yield Muni ETF

Payout Change
Pending
Price as of:
$22.26 -0.03 -0.13%
primary theme
High Yield Municipal Bond

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.26

$329 M

3.18%

$0.71

0.35%

Vitals

YTD Return

1.9%

1 yr return

3.3%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

0.6%

Net Assets

$329 M

Holdings in Top 10

12.1%

52 WEEK LOW AND HIGH

$22.3
$21.31
$22.42

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.26

$329 M

3.18%

$0.71

0.35%

SHYD - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.98%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck Short High Yield Muni ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Jan 13, 2014
  • Shares Outstanding
    18300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Colby

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the benchmark index. The Short High Yield Index is composed of publicly traded municipal bonds that cover the U.S. dollar denominated high yield short-term tax-exempt bond market with a weight of 70% in non-investment grade municipal bonds, 20% in triple-B rated investment grade municipal bonds and a targeted 10% in single-A rated investment grade municipal bonds (in accordance with the Short High Yield Index provider's methodology). All bonds must have a nominal maturity of 1 to 12 years. This 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days' prior written notice to shareholders.
The Fund has adopted a fundamental investment policy to invest at least 80% of its assets in municipal securities. Such policy cannot be changed without a shareholder vote. For purposes of this policy, the term “assets” means net assets plus the amount of any borrowings for investment purposes. This percentage limitation applies at the time of the investment.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Short High Yield Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Short High Yield Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Short High Yield Index. Because of the practical difficulties and expense of purchasing all of the securities in the Short High Yield Index, the Fund does not purchase all of the securities in the Short High Yield Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the Short High Yield Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Short High Yield Index. The Short High Yield Index is rebalanced on the last calendar day of the month.The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Short High Yield Index concentrates in an industry or group of industries. As of April 30, 2023 each of the industrial development and special tax (i.e. revenue bonds backed by a special tax) sectors represented a significant portion of the Fund.
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SHYD - Performance

Return Ranking - Trailing

Period SHYD Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -2.4% 7.9% 82.69%
1 Yr 3.3% -4.0% 11.8% 91.35%
3 Yr -1.6%* -9.8% 1.9% 54.68%
5 Yr 0.6%* -4.8% 526.1% 75.25%
10 Yr 1.7%* 0.1% 155.6% 86.61%

* Annualized

Return Ranking - Calendar

Period SHYD Return Category Return Low Category Return High Rank in Category (%)
2023 -0.6% -6.2% 7.5% 94.23%
2022 -11.5% -26.9% -3.5% 7.80%
2021 1.4% -1.9% 5.6% 68.81%
2020 -1.6% -10.1% 4.2% 87.50%
2019 4.1% -0.7% 9.1% 82.47%

Total Return Ranking - Trailing

Period SHYD Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -2.4% 7.9% 82.69%
1 Yr 3.3% -4.0% 11.8% 91.35%
3 Yr -1.6%* -9.8% 1.9% 54.68%
5 Yr 0.6%* -4.8% 526.1% 75.25%
10 Yr 1.7%* 0.1% 155.6% 86.61%

* Annualized

Total Return Ranking - Calendar

Period SHYD Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% -4.1% 10.9% 98.08%
2022 -9.1% -26.9% 4.3% 10.24%
2021 4.0% -1.9% 10.0% 77.72%
2020 1.6% -4.1% 8.2% 80.50%
2019 7.5% -0.7% 1028633.9% 74.23%

SHYD - Holdings

Concentration Analysis

SHYD Category Low Category High SHYD % Rank
Net Assets 329 M 9.79 K 16.1 B 69.42%
Number of Holdings 494 1 3076 44.39%
Net Assets in Top 10 41 M -102 M 3.63 B 78.54%
Weighting of Top 10 12.06% 4.7% 99.9% 66.18%

Top 10 Holdings

  1. CALIFORNIA ST MUNI FIN AUTH SPL FAC REVENUE 1.95%
  2. NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE 1.34%
  3. NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE 1.29%
  4. NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE 1.22%
  5. LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS CMNTY DEV AUTH REVE 1.21%
  6. PUERTO RICO CMWLTH 1.14%
  7. PUERTO RICO CMWLTH 1.09%
  8. PUERTO RICO CMWLTH 0.96%
  9. MISSION TX ECON DEV CORP REVENUE 0.94%
  10. CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 0.93%

Asset Allocation

Weighting Return Low Return High SHYD % Rank
Bonds
98.49% 0.00% 146.69% 56.25%
Cash
1.51% -0.64% 100.00% 38.54%
Stocks
0.00% 0.00% 99.33% 50.48%
Preferred Stocks
0.00% -47.61% 1.64% 36.59%
Other
0.00% -8.76% 9.96% 39.51%
Convertible Bonds
0.00% 0.00% 0.00% 36.10%

Bond Sector Breakdown

Weighting Return Low Return High SHYD % Rank
Municipal
99.64% 0.00% 100.00% 21.95%
Derivative
0.00% -8.76% 1.55% 34.15%
Cash & Equivalents
0.00% 0.00% 100.00% 66.34%
Securitized
0.00% 0.00% 22.44% 38.54%
Corporate
0.00% 0.00% 2.83% 65.85%
Government
0.00% 0.00% 0.09% 39.51%

Bond Geographic Breakdown

Weighting Return Low Return High SHYD % Rank
US
98.49% 0.00% 139.84% 52.20%
Non US
0.00% 0.00% 13.35% 43.41%

SHYD - Expenses

Operational Fees

SHYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.21% 3.44% 97.58%
Management Fee 0.35% 0.00% 1.41% 6.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

SHYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SHYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SHYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 2.00% 121.00% 22.51%

SHYD - Distributions

Dividend Yield Analysis

SHYD Category Low Category High SHYD % Rank
Dividend Yield 3.18% 0.00% 6.13% 82.21%

Dividend Distribution Analysis

SHYD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SHYD Category Low Category High SHYD % Rank
Net Income Ratio 2.98% 1.11% 5.70% 62.02%

Capital Gain Distribution Analysis

SHYD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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SHYD - Fund Manager Analysis

Managers

James Colby


Start Date

Tenure

Tenure Rank

Jan 13, 2014

8.38

8.4%

Mr. Colby has been employed by Van Eck Associates Corporation since September 2007. Prior to joining Van Eck Associates Corporation, Mr. Colby served as Senior Portfolio Manager and Director of Municipal High Yield for Lord Abbett as well as Director and Senior Portfolio Manager for Municipal Fixed Income at the John Hancock Funds in Boston. Mr. Colby graduated from Brown University in 1972 with a Bachelor of Arts in Economics and International Relations; and from Hofstra University in 1979 with a Masters of Business Administration in Finance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.46 2.52