SMBVanEck Short Muni ETF

Get income18y track recordRanked #219 of 1,622 in this goal

Seeks to replicate the price and yield performance of the ICE Short AMT-Free Broad National Municipal Index.

By VanEck · Launched 2008

Annual Cost

0.07%

#354 of 5,562 · low cost

Fund Size

$305M

#1,939 of 5,562 · mid-size

Dividend YieldGoal

2.71%

Track Record

18 years

#581 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,347+3.5%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

ICE Short AMT-Free Broad National Municipal Index

What it actually holds

By weight

Concentration

Top 10 holdings = 9.5% of fund✓ well diversified

California Community Choice Financing Authority

1.7%

State of California

1.1%

Commonwealth of Massachusetts

1.0%

State of New Jersey

1.0%

Kansas Development Finance Authority

0.9%

New York City Housing Development Corp

0.8%

California Statewide Communities Development Authority

0.8%

Massachusetts Water Resources Authority

0.7%

Black Belt Energy Gas District

0.7%

Massachusetts Water Resources Authority

0.7%

Asset allocation

Bonds

96.6%

Cash

3.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.7%Low

Year-on-year price swings

Max drawdown

-12.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.03Below average

Sortino (3Y)

-0.04Moderate downside risk

Bond profile

Duration

4.7 years

Avg maturity

10.4 years

Credit ratings

AAA

19.4%

48.4%

21.2%

BBB

4.3%

Other

6.6%

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to replicate the price and yield performance of the ICE Short AMT-Free Broad National Municipal Index.
Strategy: Invests at least 80% of total assets in fixed income securities that comprise the Short Index. Uses a passive investment approach to approximate the investment performance of the Short Index, utilizing a sampling methodology to hold a portfolio with similar risk and return characteristics.
Inception date: February 22, 2008
Fund family: VanEck