SHYDVanEck Short High Yield Muni ETF

Get income12y track recordRanked #356 of 1,622 in this goal

Seeks to replicate the price and yield performance of the ICE 1-12 Year Broad High Yield Crossover Municipal Index.

By VanEck · Launched 2014

Annual Cost

0.32%

#1,543 of 5,562 · low cost

Fund Size

$425M

#1,704 of 5,562 · large

Dividend YieldGoal

3.60%

Track Record

12 years

#1,159 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,373+3.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

ICE 1-12 Year Broad High Yield Crossover Municipal Index

What it actually holds

By weight

Concentration

Top 10 holdings = 10.8% of fund✓ well diversified

California Municipal Finance Authority

1.6%

Patriots Energy Group Financing Agency

1.3%

Commonwealth of Puerto Rico

1.1%

California Infrastructure & Economic Development Bank

1.1%

Commonwealth of Puerto Rico

1.0%

Greater Orlando Aviation Authority

1.0%

City & County of Denver CO

1.0%

Mission Economic Development Corp

0.9%

Baldwin County Industrial Development Authority

0.9%

New York Transportation Development Corp

0.9%

Asset allocation

Bonds

96.2%

Cash

3.8%

Stocks

0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.0%Low

Year-on-year price swings

Max drawdown

-31.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)

0.15Below average

Sortino (3Y)

0.20Moderate downside risk

Bond profile

Duration

4.8 years

Avg maturity

10.2 years

Credit ratings

AAA

0.3%

6.5%

20.5%

BBB

17.7%

21.6%

3.2%

Below B

0.1%

Other

30.1%

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to replicate the price and yield performance of the ICE 1-12 Year Broad High Yield Crossover Municipal Index.
Strategy: Invests at least 80% of assets in securities of the Short High Yield Index, composed of municipal bonds with 70% in non-investment grade, 20% in triple-B, and 10% in single-A rated bonds. Uses sampling to approximate the index's risk and return characteristics.
Inception date: January 13, 2014
Fund family: VanEck