VanEck Short High Yield Municipal Fund (SHYD)
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SHYD: Weak Muni Bond ETF, Better Choices Out There
SHYD is a short-term municipal bond index ETF. Although its income is tax-exempt, it only yields 3.5%. For most investors, other funds offer much higher after-tax yields. Alternatives include BOXX and HYD, both with higher yields and returns.
SHYD - Perfectly Adequate, Just Not Good Enough I Think
SHYD targets short-term, lower-rated municipal bonds for higher yield, benefiting high-tax-bracket investors with federal tax-free income. The fund carries some liquidity and credit risk, but municipal default rates are historically very low, and the management fee is reasonable. SHYD has consistently underperformed its benchmark, and alternative funds like BYM or USFR offer better yields with similar or lower risk.
VanEck Short High Yield Municipal Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 258,202 | $5.91M | $5.87M | -$43,898.55 | -0.74% |
 CliftonLarsonAllen Wealth Advisors CliftonLarsonAllen Wealth Advisors LLC | 48,306 | $1.1M | $1.1M | -$2,502.68 | -0.23% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 45,010 | $1.03M | $1.02M | -$7,047.67 | -0.69% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 56,039 | $1.27M | $1.27M | -$95.35 | -0.01% |
 Keebeck Wealth Management Keebeck Wealth Management LLC | 14,760 | $332,289.86 | $334,904.4 | $2,614.54 | 0.79% |
VanEck Short High Yield Municipal Fund (SHYD) FAQ
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VanEck Short High Yield Municipal Fund Profile
| BATS Exchange | US Country |
Overview
The company primarily focuses on investment in high yield, short-term tax-exempt municipal bonds in the United States, targeting the segment of the market that provides opportunities for tax-exempt income. It commits at least 80% of its total assets to securities that align with its benchmark index, ensuring a focused and disciplined investment approach. This index encompasses a range of publicly traded municipal bonds, representing a diversified portfolio within the high yield, short-term tax-exempt bond market. Through its strategic investments, the company aims to offer investors a balance of income and growth, prioritizing securities that meet specific creditworthiness and maturity criteria to optimize returns while managing risks.
Products and Services
- High Yield Short-Term Tax-Exempt Municipal Bonds Investment
This core service involves investing in a diversified portfolio of high yield, short-term tax-exempt municipal bonds. By focusing on this segment, the company seeks to provide investors with a source of tax-exempt income, aiming at securities that provide an optimal balance of risk and return. The investment strategy is tailored to capitalize on the tax-exempt status of these bonds, making it an attractive option for investors seeking to minimize their taxable income while aiming for consistent returns.
