SHYD – VanEck Short High Yield Muni ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE 1-12 Year Broad High Yield Crossover Municipal Index. The fund normally invests at least 80% of its total assets in securities that comprise the benchmark index. The index is composed of publicly traded municipal bonds that cover the U.S. dollar denominated high yield short-term tax-exempt bond market.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SHYD	VanEck Short High Yield Muni ETF	ETF	Open			Jan 13, 2014	$478.50M	0.320%	—	—	$125.66M

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