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Market Vectors Short Hi Yld Muni Idx Etf

Market Vectors Short Hi Yld Muni Idx ETF (ticker symbol: SHS) is an exchange-traded fund (ETF) that tracks the performance of the high-yield municipal bond market. The fund is designed to provide investors with a high level of income and capital appreciation by investing in a diversified portfolio of municipal bonds with short maturities.

Here are some key details about the fund:

1. Inception Date: The fund was launched on April 12, 25, 2011.

2. Manager: The fund is managed by IndexIQ, a leading ETF provider that specializes in indexing and quantitative investment strategies.

3. Index: The fund tracks the Market Vectors Short Hi Yld Muni Index (MVSHYM), which is designed to reflect the performance of the high-yield municipal bond market.

4. Holdings: The fund typically holds a diversified portfolio of 200-300 municipal bonds with short maturities, ranging from 1 to 10 years. The bonds are selected based on their high yield and liquidity, with a focus on minimizing credit risk.

5. Yield: The fund aims to provide a high level of income, with a 30-day SEC yield of around 4.5% (as of March 2023).

6. Expenses: The fund's expense ratio is 0.35% per annum, which is relatively low compared to actively managed bond funds.

7. Trading: The fund trades on the NYSE Arca exchange under the ticker symbol SHS, with a market capitalization of around $1.2 billion (as of March 2023).

8. Liquidity: The fund has a high trading volume, with an average daily volume of around 300,000 shares (as of March 2023).

Overall, Market Vectors Short Hi Yld Muni Idx ETF (SHS) is a popular choice for income-seeking investors who want to access the high-yield municipal bond market with a low-cost, diversified, and liquid investment vehicle. However, it's important to note that, like all municipal bond funds, SHS is subject to interest rate risk, credit risk, and liquidity risk, and its performance may be impacted by changes in market conditions and economic factors. As with any investment, it's important to carefully review the fund's prospectus and consult with a financial advisor before making a decision.