Market Vectors Lehman Brothers High-Yield Municipal ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays Municipal Custom High Yield Composite Index. The fund normally invests at least 80% of its total assets in securities that comprise the benchmark index. The High Yield Index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated high yield long-term tax-exempt bond market. As of Apr 30 2013, the Fund's total assets were $1,135,205,316 and its investment portfolio was valued at $1,115,722,564. The HYD stock yearly return is shown above.
The yearly return on the HYD stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2016 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the HYD annual return calculation with any dividends reinvested as applicable (on ex-dates).
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