Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
You take care of your investments. We like that.
Upgrade to Premium to access your Watchlist and more.
VanEck Short High Yield Muni ETF
ETF
SHYD
Payout Change
Increase
Price as of:
$22.09
-0.01
-0.05%
primary theme
High Yield Municipal Bond
SHYD (ETF)
VanEck Short High Yield Muni ETF
Payout Change
Increase
Price as of:
$22.09
-0.01
-0.05%
primary theme
High Yield Municipal Bond
SHYD (ETF)
VanEck Short High Yield Muni ETF
Payout Change
Increase
Price as of:
$22.09
-0.01
-0.05%
primary theme
High Yield Municipal Bond
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.4%
1 yr return
-1.1%
3 Yr Avg Return
0.7%
5 Yr Avg Return
0.9%
Net Assets
$421 M
Holdings in Top 10
7.2%
52 WEEK LOW AND HIGH
$22.1
$21.39
$23.22
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
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SHYD - Profile
Distributions
- YTD Total Return 0.4%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.98%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVanEck Short High Yield Muni ETF
-
Fund Family NameVanEck
-
Inception DateJan 13, 2014
-
Shares Outstanding18300000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJames 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. By the end of the Fund’s index transition period (as described below), the Short High Yield Index is expected to track the high yield municipal bond market with an ultimate 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.
Read More
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 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, 2022, the Short High Yield Index had 10,727 component securities and each of the industrial development and special tax (i.e. revenue bonds backed by a special tax) sectors represented a significant portion of the Short High Yield Index. The Short High Yield Index is rebalanced on the last calendar day of the month.
Prior to the selection of the Short High Yield Index, the Fund tracked the Bloomberg Municipal High Yield Short Duration Index (the “Prior Short High Yield Index”). The Fund began tracking the Short High Yield Index on March 1, 2022. The Short High Yield Index is an interim index that gradually increases exposure to securities based on their weightings in the ICE 1-12 Year Broad High Yield Crossover Municipal Index (the “Final Short High Yield Index”) while proportionally reducing exposure to certain component securities of the Prior Short High Yield Index. The Fund is expected to begin tracking the Final Short High Yield Index on December 1, 2022.
SHYD - Performance
Return Ranking - Trailing
| Period | SHYD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.4% | -15.2% | 4.7% | 22.57% |
| 1 Yr | -1.1% | -22.0% | 0.4% | 4.42% |
| 3 Yr | 0.7%* | -10.4% | 2.3% | 2.76% |
| 5 Yr | 0.9%* | -5.9% | 2.6% | 2.56% |
| 10 Yr | N/A* | -3.9% | 4.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SHYD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -9.1% | -26.9% | 2.6% | 5.41% |
| 2021 | 2.0% | -1.0% | 3.7% | 10.05% |
| 2020 | 0.5% | -3.5% | 5.7% | 22.58% |
| 2019 | 1.8% | -4.1% | 3.4% | 6.64% |
| 2018 | 0.6% | -1.2% | 2.6% | 3.65% |
Total Return Ranking - Trailing
| Period | SHYD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.4% | -16.1% | 4.7% | 27.43% |
| 1 Yr | -1.1% | -22.0% | 0.4% | 4.42% |
| 3 Yr | 0.7%* | -10.4% | 2.3% | 2.76% |
| 5 Yr | 0.9%* | -5.6% | 2.6% | 2.56% |
| 10 Yr | N/A* | -3.9% | 4.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SHYD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -9.1% | -26.9% | 2.6% | 5.41% |
| 2021 | 2.0% | -1.0% | 3.7% | 9.59% |
| 2020 | 0.5% | -3.5% | 5.7% | 22.58% |
| 2019 | 1.8% | -4.1% | 3.4% | 8.06% |
| 2018 | 0.6% | -1.2% | 2.6% | 3.65% |
SHYD - Holdings
Concentration Analysis
| SHYD | Category Low | Category High | SHYD % Rank | |
|---|---|---|---|---|
| Net Assets | 421 M | 9.79 K | 20.2 B | 64.57% |
| Number of Holdings | 675 | 1 | 3950 | 41.26% |
| Net Assets in Top 10 | 29.9 M | -102 M | 3.41 B | 82.96% |
| Weighting of Top 10 | 7.21% | 1.1% | 97.0% | 93.24% |
Top 10 Holdings
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 0.01% 1.58%
- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% 1.11%
- ILLINOIS ST 5% 1.10%
- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.25% 0.94%
- BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5% 0.82%
- NEW YORK TRANSN DEV CORP SPL FAC REV 5% 0.82%
- ILLINOIS FIN AUTH REV 4.75% 0.82%
- NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5.25% 0.81%
- NEW YORK TRANSN DEV CORP SPL FAC REV 5% 0.81%
- PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% 0.78%
Asset Allocation
| Weighting | Return Low | Return High | SHYD % Rank | |
|---|---|---|---|---|
| Bonds | 99.63% | 0.00% | 146.69% | 31.86% |
| Cash | 0.36% | -3.16% | 100.00% | 69.06% |
| Stocks | 0.00% | 0.00% | 5.80% | 26.11% |
| Preferred Stocks | 0.00% | -47.61% | 0.32% | 15.25% |
| Other | 0.00% | 0.00% | 0.18% | 19.28% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 11.66% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SHYD % Rank | |
|---|---|---|---|---|
| Municipal | 99.64% | 0.00% | 100.00% | 20.63% |
| Cash & Equivalents | 0.36% | 0.00% | 100.00% | 73.99% |
| Derivative | 0.00% | 0.00% | 0.02% | 13.45% |
| Securitized | 0.00% | 0.00% | 22.44% | 15.70% |
| Corporate | 0.00% | 0.00% | 4.15% | 52.02% |
| Government | 0.00% | 0.00% | 0.09% | 16.14% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SHYD % Rank | |
|---|---|---|---|---|
| US | 94.41% | 0.00% | 139.84% | 31.39% |
| Non US | 5.22% | 0.00% | 21.09% | 60.09% |
SHYD - Expenses
Operational Fees
| SHYD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.05% | 2.63% | 96.77% |
| Management Fee | 0.35% | 0.00% | 1.41% | 5.31% |
| 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 | 1.00% | 1.00% | 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% | 20.67% |
SHYD - Distributions
Dividend Yield Analysis
| SHYD | Category Low | Category High | SHYD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.72% | 0.00% | 12.89% | 57.96% |
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% | 62.39% |
Capital Gain Distribution Analysis
| SHYD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 07, 2023 | $0.056 | OrdinaryDividend |
| May 05, 2023 | $0.050 | OrdinaryDividend |
| Apr 10, 2023 | $0.064 | OrdinaryDividend |
| Mar 07, 2023 | $0.045 | OrdinaryDividend |
| Feb 07, 2023 | $0.047 | OrdinaryDividend |
| Dec 30, 2022 | $0.052 | OrdinaryDividend |
| Dec 07, 2022 | $0.051 | OrdinaryDividend |
| Nov 07, 2022 | $0.053 | OrdinaryDividend |
| Oct 07, 2022 | $0.050 | OrdinaryDividend |
| Sep 08, 2022 | $0.048 | OrdinaryDividend |
| Aug 05, 2022 | $0.051 | OrdinaryDividend |
| Jul 08, 2022 | $0.051 | OrdinaryDividend |
| Jun 07, 2022 | $0.051 | OrdinaryDividend |
| May 06, 2022 | $0.050 | OrdinaryDividend |
| Apr 07, 2022 | $0.049 | OrdinaryDividend |
| Mar 07, 2022 | $0.043 | OrdinaryDividend |
| Feb 07, 2022 | $0.045 | OrdinaryDividend |
| Dec 31, 2021 | $0.048 | OrdinaryDividend |
| Dec 07, 2021 | $0.048 | OrdinaryDividend |
| Nov 05, 2021 | $0.050 | OrdinaryDividend |
| Oct 07, 2021 | $0.049 | OrdinaryDividend |
| Sep 08, 2021 | $0.052 | OrdinaryDividend |
| Aug 06, 2021 | $0.053 | OrdinaryDividend |
| Jul 08, 2021 | $0.048 | OrdinaryDividend |
| Jun 07, 2021 | $0.056 | OrdinaryDividend |
| May 07, 2021 | $0.056 | OrdinaryDividend |
| Apr 08, 2021 | $0.059 | OrdinaryDividend |
| Mar 05, 2021 | $0.064 | OrdinaryDividend |
| Feb 05, 2021 | $0.063 | OrdinaryDividend |
| Jan 05, 2021 | $0.065 | OrdinaryDividend |
| Dec 07, 2020 | $0.062 | OrdinaryDividend |
| Nov 06, 2020 | $0.065 | OrdinaryDividend |
| Oct 07, 2020 | $0.064 | OrdinaryDividend |
| Sep 08, 2020 | $0.065 | OrdinaryDividend |
| Aug 07, 2020 | $0.062 | OrdinaryDividend |
| Jul 08, 2020 | $0.056 | OrdinaryDividend |
| Jun 05, 2020 | $0.070 | OrdinaryDividend |
| May 07, 2020 | $0.056 | OrdinaryDividend |
| Apr 07, 2020 | $0.066 | OrdinaryDividend |
| Mar 06, 2020 | $0.063 | OrdinaryDividend |
| Feb 07, 2020 | $0.065 | OrdinaryDividend |
| Jan 06, 2020 | $0.072 | OrdinaryDividend |
| Dec 06, 2019 | $0.000 | OrdinaryDividend |
| Nov 07, 2019 | $0.000 | OrdinaryDividend |
| Oct 07, 2019 | $0.000 | OrdinaryDividend |
| Sep 09, 2019 | $0.000 | OrdinaryDividend |
| Aug 07, 2019 | $0.000 | OrdinaryDividend |
| Jul 08, 2019 | $0.000 | OrdinaryDividend |
| Jun 07, 2019 | $0.066 | OrdinaryDividend |
| May 07, 2019 | $0.065 | OrdinaryDividend |
| Apr 05, 2019 | $0.068 | OrdinaryDividend |
| Mar 07, 2019 | $0.060 | OrdinaryDividend |
| Feb 07, 2019 | $0.064 | OrdinaryDividend |
| Jan 03, 2019 | $0.069 | OrdinaryDividend |
| Dec 07, 2018 | $0.067 | OrdinaryDividend |
| Nov 07, 2018 | $0.068 | OrdinaryDividend |
| Oct 05, 2018 | $0.066 | OrdinaryDividend |
| Sep 10, 2018 | $0.067 | OrdinaryDividend |
| Aug 07, 2018 | $0.062 | OrdinaryDividend |
| Jul 09, 2018 | $0.061 | OrdinaryDividend |
| Jun 07, 2018 | $0.056 | OrdinaryDividend |
| May 07, 2018 | $0.063 | OrdinaryDividend |
| Apr 06, 2018 | $0.066 | OrdinaryDividend |
| Mar 07, 2018 | $0.060 | OrdinaryDividend |
| Feb 07, 2018 | $0.066 | OrdinaryDividend |
| Jan 03, 2018 | $0.065 | OrdinaryDividend |
| Dec 07, 2017 | $0.062 | OrdinaryDividend |
| Nov 07, 2017 | $0.065 | OrdinaryDividend |
| Oct 06, 2017 | $0.063 | OrdinaryDividend |
| Sep 08, 2017 | $0.058 | OrdinaryDividend |
| Aug 07, 2017 | $0.059 | OrdinaryDividend |
| Jul 10, 2017 | $0.067 | OrdinaryDividend |
| Jun 07, 2017 | $0.065 | OrdinaryDividend |
| May 05, 2017 | $0.062 | OrdinaryDividend |
| Apr 07, 2017 | $0.064 | OrdinaryDividend |
| Mar 07, 2017 | $0.062 | OrdinaryDividend |
| Feb 07, 2017 | $0.061 | OrdinaryDividend |
| Jan 04, 2017 | $0.059 | OrdinaryDividend |
| Dec 07, 2016 | $0.056 | OrdinaryDividend |
| Nov 07, 2016 | $0.059 | OrdinaryDividend |
| Oct 07, 2016 | $0.056 | OrdinaryDividend |
| Sep 08, 2016 | $0.055 | OrdinaryDividend |
| Aug 05, 2016 | $0.052 | OrdinaryDividend |
| Jul 08, 2016 | $0.047 | OrdinaryDividend |
| Jun 07, 2016 | $0.067 | OrdinaryDividend |
| May 06, 2016 | $0.048 | OrdinaryDividend |
| Apr 07, 2016 | $0.068 | OrdinaryDividend |
| Mar 07, 2016 | $0.071 | OrdinaryDividend |
| Feb 05, 2016 | $0.068 | OrdinaryDividend |
| Jan 05, 2016 | $0.064 | OrdinaryDividend |
| Dec 07, 2015 | $0.068 | OrdinaryDividend |
| Nov 06, 2015 | $0.070 | OrdinaryDividend |
| Oct 07, 2015 | $0.068 | OrdinaryDividend |
| Sep 08, 2015 | $0.070 | OrdinaryDividend |
| Aug 07, 2015 | $0.070 | OrdinaryDividend |
| Jul 08, 2015 | $0.065 | OrdinaryDividend |
| Jun 05, 2015 | $0.065 | OrdinaryDividend |
| May 07, 2015 | $0.063 | OrdinaryDividend |
| Apr 08, 2015 | $0.067 | OrdinaryDividend |
| Mar 06, 2015 | $0.060 | OrdinaryDividend |
| Feb 06, 2015 | $0.070 | OrdinaryDividend |
| Jan 05, 2015 | $0.067 | OrdinaryDividend |
| Dec 05, 2014 | $0.062 | OrdinaryDividend |
| Nov 07, 2014 | $0.069 | OrdinaryDividend |
| Oct 07, 2014 | $0.068 | OrdinaryDividend |
| Sep 08, 2014 | $0.066 | OrdinaryDividend |
| Aug 07, 2014 | $0.072 | OrdinaryDividend |
| Jul 08, 2014 | $0.058 | OrdinaryDividend |
| Jun 06, 2014 | $0.060 | OrdinaryDividend |
| May 07, 2014 | $0.065 | OrdinaryDividend |
| Apr 07, 2014 | $0.065 | OrdinaryDividend |
| Mar 07, 2014 | $0.090 | OrdinaryDividend |
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 | 7.32 | 2.52 |
