iShares Short Duration High Yield Muni Active ETF

SHYM

Market cap $396M

SHYM delivers a high tax-free yield by focusing on short-duration, high-yield municipal bonds, including many unrated issues overlooked by other funds. The fund's strategy leverages the low default rates in the muni market, capturing higher income without a substantial increase in credit risk. SHYM's active management and willingness to buy unrated bonds allow it to outperform index muni funds, making it attractive for high-tax-bracket investors seeking income.