SMB
VanEck Short Muni ETF
ICE Short AMT-Free Brd Nat Muni TR USD
NAV as of
4 Week: 16.70 - 16.91
52 Week: 16.49 - 17.18
Latest Closing Price
16.91
Premium / Discount
-0.42
Expense Ratio
0.2%
Investment Objective
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Short AMT-Free Broad National Municipal Index. The fund normally invests at least 80% of its total assets in fixed income securities that comprise the index. The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short-term tax-exempt bond market.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 0.21 | 0.19 | 1.09 |
| 1 Day | 0.15 | 0.00 | 0.00 |
| 1 Week | 0.15 | 0.24 | 0.62 |
| 1 Month | 1.05 | 0.87 | 1.20 |
| 3 Months | 0.21 | 1.46 | 0.14 |
| 6 Months | 1.77 | 2.17 | 0.82 |
| 1 Year | -1.37 | 3.44 | -0.40 |
| 2 Years | -5.92 | 3.90 | -1.52 |
| 3 Years | 1.41 | 6.02 | 0.23 |
| 5 Years | -1.49 | 12.42 | -0.12 |
| 10 Years | -4.91 | 14.17 | -0.35 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.3567 | 1.3306 | 1.1350 | -0.4492 | 1.6849 | 1.5636 | 4.1229 | 3.1874 | 0.1217 | -4.3003 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 41.0000 | 45.0000 | 24.0000 | 70.0000 | 43.0000 | 18.0000 | 19.0000 | 23.0000 | 51.0000 | 79.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 28/02/2023 | 06/03/2023 | 0.0185 |
| 31/01/2023 | 06/02/2023 | 0.0227 |
| 27/12/2022 | 29/12/2022 | 0.0231 |
| 30/11/2022 | 06/12/2022 | 0.0197 |
| 31/10/2022 | 06/11/2022 | 0.0215 |
| 02/10/2022 | 06/10/2022 | 0.0180 |
| 31/08/2022 | 07/09/2022 | 0.0191 |
| 31/07/2022 | 04/08/2022 | 0.0205 |
| 30/06/2022 | 07/07/2022 | 0.0204 |
| 31/05/2022 | 06/06/2022 | 0.0166 |
Portfolio Data
Total Number of Holdings: 425
Number of Bond Holdings: 411
Number of Equity Holdings: 0
Total Market Value: 280,981,884
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | MARYLAND ST 5% | 1.6182 | 2,730,000 | 0 | 3,171,605 |
| 2 | CITIZENS PPTY INS CORP FLA 5% | 1.2045 | 2,000,000 | 0 | 2,360,700 |
| 3 | CALIFORNIA ST 5% | 0.9270 | 1,500,000 | 0 | 1,816,920 |
| 4 | PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV | 0.8333 | 1,500,000 | 0 | 1,633,275 |
| 5 | CALIFORNIA ST PUB WKS BRD LEASE REV 5% | 0.7092 | 1,215,000 | 0 | 1,389,911 |
| 6 | FLORIDA ST BRD ED PUB ED 5% | 0.6866 | 1,150,000 | 0 | 1,345,592 |
| 7 | GEORGIA ST 5% | 0.6064 | 1,000,000 | 0 | 1,188,460 |
| 8 | CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | 0.6058 | 1,000,000 | 0 | 1,187,360 |
| 9 | NEW JERSEY ST 5% | 0.5970 | 1,105,000 | 0 | 1,170,018 |
| 10 | CALIFORNIA ST 5% | 0.5845 | 1,000,000 | 0 | 1,145,580 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| N.A | |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
0.0000
Price/Book*
0.0000
Price/Sales*
0.0000
Price/Cash Flow*
0.0000
Dividend Yield*
0.0000
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
0.0000
Sales Growth
0.0000
Cash-Flow Growth
0.0000
Book-Value Growth
0.0000
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
411
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 2.23 |
| Average Effective Maturity (Years)* | 5.59 |
| Average Credit Quality | 8.00 |
| Average Weighted Coupon* | 4.76 |
| Average Weighted Price* | 104.54 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 15.29 |
| AA | 47.80 |
| A | 18.53 |
| BBB | 5.20 |
| BB | 0.00 |
| B | 0.00 |
| Below B | 0.00 |
| Not Rated | 13.17 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 26.76 |
| 3 to 5 Years | 29.11 |
| 5 to 7 Years | 5.96 |
| 7 to 10 Years | 2.31 |
| 10 to 15 Years | 2.73 |
| 15 to 20 Years | 3.83 |
| 20 to 30 Years | 13.64 |
| Over 30 Years | 1.60 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 4.58 |
| 183 to 364 Days | 6.19 |
Data Source: Morningstar
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