The VanEck Short High Yield Muni ETF (SHYD) is structured to closely mirror the investment outcomes, encompassing both price appreciation and income generation, of the ICE 1-12 Year Broad High Yield Crossover Municipal Index (MIHX), before deducting management fees and other operating costs. This particular benchmark is specifically designed to reflect the comprehensive performance of the U.S. dollar-denominated market for high-yield, short-duration, tax-exempt municipal bonds.