VanEck Short High Yield Muni ETFVanEck Short High Yield Muni ETFVanEck Short High Yield Muni ETF

VanEck Short High Yield Muni ETF

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Key stats


Assets under management (AUM)
‪305.55 M‬USD
Fund flows (1Y)
‪−63.87 M‬USD
Dividend yield (indicated)
3.10%
Discount/Premium to NAV
−0.3%

About VanEck Short High Yield Muni ETF


Issuer
Van Eck Associates Corp.
Brand
VanEck
Expense ratio
0.35%
Home page
Inception date
Jan 13, 2014
Index tracked
ICE 1-12 Year Broad High Yield Crossover Municipal
Management style
Passive
SHYD is passively managed to hold high-yield, tax-exempt municipal bonds with 1-12 years left to maturity. In the corporate debt space, these would be considered intermediate debt, so investors should be aware that this fund defines short-term somewhat differently from its peers. The underlying index aims to provide a more liquid portfolio of muni bonds by targeting a weight allocation of 70% in high-yield, 20% in BBB- rated, and 10% in A- rated securities. The index weights its components by market value and rebalances monthly. The fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. Prior to March 1, 2022, the fund tracked the Bloomberg Municipal High Yield Short Duration Index. Then until November 30, 2022, the fund used a transition index to gradually broaden its exposure before tracking its current index.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
High yield
Niche
Intermediate
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
AMT-free
What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal99.51%
Cash0.49%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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