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Market Vectors Short Hi Yld Muni Idx Etf

Market Vectors Short High-Yield Municipal Index ETF (SHYD) is an exchange-traded fund that seeks to replicate as closely as possible the price and yield performance of the Wells Fargo Short Duration High Yield Municipal Bond Index. The fund focuses on investing in short-term, high-yield municipal bonds, which are typically considered to be more conservative than longer-term bonds.

In terms of financials, as of October 31, 2021, the fund has an estimated net assets of $534.1 million, a year-to-date distribution rate of 3.61%, and an expense ratio of 0.50%. The fund's average effective duration is 1.36 years, and its average effective yield is 2.12%.

As for earnings, the fund's income is derived from the interest payments made on the municipal bonds it holds. The distribution rate for SHYD is paid out monthly, and it may include earnings, realized capital gains, and return of capital. It's important to note that the distribution rate is not a guaranteed yield, and it may fluctuate.

Regarding growth, the performance of the fund depends on the overall performance of the high-yield municipal bond market. Historically, high-yield municipal bonds have offered higher yields compared to investment-grade municipal bonds and U.S. Treasury securities, making them appealing to income-oriented investors. However, as with any investment, there are risks involved, such as credit risk, interest rate risk, and call risk.

As of October 31, 2021, SHYD has outperformed its benchmark index for the past one-year, three-year, five-year, and ten-year periods. However, past performance is not indicative of future performance, and it's important to consult a financial advisor before making investment decisions.