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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck Short Muni ETF

SMB | ETF

$17.17

$249 M

2.60%

$0.45

0.07%

Vitals

YTD Return

2.5%

1 yr return

3.8%

3 Yr Avg Return

0.5%

5 Yr Avg Return

1.0%

Net Assets

$249 M

Holdings in Top 10

7.4%

52 WEEK LOW AND HIGH

$17.2
$16.87
$17.29

Expenses

OPERATING FEES

Expense Ratio 0.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck Short Muni ETF

SMB | ETF

$17.17

$249 M

2.60%

$0.45

0.07%

SMB - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.26%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck Short Muni ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Sep 01, 2022
  • Shares Outstanding
    22000000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Colby

Fund Description

The Fund normally invests at least 80% of its total assets in fixed income securities that comprise the Short Index. The Short Index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short-term tax-exempt bond market. This 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund has adopted a fundamental investment policy to invest at least 80% of its assets in municipal securities. Such policy cannot be changed without a shareholder vote. For purposes of this policy, the term “assets” means net assets plus the amount of any borrowings for investment purposes. This percentage limitation applies at the time of the investment.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Short Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try
to “beat” the Short Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Short Index. Because of the practical difficulties and expense of purchasing all of the securities in the Short Index, the Fund does not purchase all of the securities in the Short Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the Short Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Short Index. The Short Index is rebalanced on the last calendar day of the month.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Short Index concentrates in an industry or group of industries. As of April 30, 2024, each of the general obligation, refunded and special tax (i.e., revenue bonds backed by a special tax) sectors represented a significant portion of the Fund.
Read More

SMB - Performance

Return Ranking - Trailing

Period SMB Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -4.6% 33.0% 45.17%
1 Yr 3.8% -0.1% 38.0% 92.07%
3 Yr 0.5%* -10.8% 3.4% 15.25%
5 Yr 1.0%* -6.7% 1104.0% 40.06%
10 Yr 1.2%* -0.9% 248.8% 73.21%

* Annualized

Return Ranking - Calendar

Period SMB Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% -1.4% 41.0% 91.78%
2022 -5.7% -39.7% 0.3% 11.04%
2021 -1.1% -5.6% 6.9% 79.54%
2020 1.8% -2.6% 310.0% 46.21%
2019 2.9% 0.0% 26.0% 80.57%

Total Return Ranking - Trailing

Period SMB Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -4.6% 33.0% 45.17%
1 Yr 3.8% -0.1% 38.0% 92.07%
3 Yr 0.5%* -10.8% 3.4% 15.25%
5 Yr 1.0%* -6.7% 1104.0% 40.06%
10 Yr 1.2%* -0.9% 248.8% 73.21%

* Annualized

Total Return Ranking - Calendar

Period SMB Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -1.3% 41.0% 96.06%
2022 -4.5% -39.7% 1.1% 11.59%
2021 0.1% -4.8% 23761504.0% 84.79%
2020 3.3% -1.5% 17057.9% 66.16%
2019 4.5% 0.2% 3514.6% 84.29%

SMB - Holdings

Concentration Analysis

SMB Category Low Category High SMB % Rank
Net Assets 249 M 3.22 M 71.9 B 66.07%
Number of Holdings 332 4 13418 37.04%
Net Assets in Top 10 19.2 M -317 M 3.09 B 88.81%
Weighting of Top 10 7.41% 1.8% 100.3% 88.60%

Top 10 Holdings

  1. BLACK BELT ENERGY GAS DIST ALGAS PREPAY REVENUE 0.91%
  2. CALIFORNIA ST STWD CMNTYS DEVAUTH POLL CONTROL REVENUE 0.86%
  3. CHICAGO IL 0.82%
  4. CONROE TX INDEP SCH DIST 0.81%
  5. MET TRANSPRTN AUTH NY REVENUE 0.77%
  6. GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT 0.73%
  7. TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE 0.69%
  8. NORTH CAROLINA ST GRANT ANTICIPATION REVENUE 0.63%
  9. PEFA INC IA GAS PROJ REVENUE 0.59%
  10. NEW JERSEY ST ECON DEV AUTH REV 0.59%

Asset Allocation

Weighting Return Low Return High SMB % Rank
Bonds 		98.42% 0.00% 150.86% 62.05%
Cash 		1.58% -50.86% 44.62% 37.04%
Stocks 		0.00% 0.00% 99.78% 88.88%
Preferred Stocks 		0.00% 0.00% 0.07% 87.74%
Other 		0.00% -3.69% 51.88% 83.74%
Convertible Bonds 		0.00% 0.00% 0.93% 87.49%

Bond Sector Breakdown

Weighting Return Low Return High SMB % Rank
Municipal 		98.03% 44.39% 100.00% 55.32%
Derivative 		0.00% -3.69% 51.88% 78.55%
Cash & Equivalents 		0.00% 0.00% 44.41% 93.94%
Securitized 		0.00% 0.00% 5.93% 87.76%
Corporate 		0.00% 0.00% 9.41% 89.10%
Government 		0.00% 0.00% 52.02% 89.70%

Bond Geographic Breakdown

Weighting Return Low Return High SMB % Rank
US 		98.42% 0.00% 142.23% 59.69%
Non US 		0.00% 0.00% 23.89% 87.48%

SMB - Expenses

Operational Fees

SMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.07% 0.01% 8.02% 99.60%
Management Fee 0.07% 0.00% 1.20% 1.46%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

SMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

SMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SMB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 0.00% 283.00% 79.88%

SMB - Distributions

Dividend Yield Analysis

SMB Category Low Category High SMB % Rank
Dividend Yield 2.60% 0.00% 14.51% 84.82%

Dividend Distribution Analysis

SMB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SMB Category Low Category High SMB % Rank
Net Income Ratio 1.26% -0.53% 5.33% 80.92%

Capital Gain Distribution Analysis

SMB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SMB - Fund Manager Analysis

Managers

James Colby

Start Date

Tenure

Tenure Rank

Feb 22, 2008

14.28

14.3%

Mr. Colby has been employed by Van Eck Associates Corporation since September 2007. Prior to joining Van Eck Associates Corporation, Mr. Colby served as Senior Portfolio Manager and Director of Municipal High Yield for Lord Abbett as well as Director and Senior Portfolio Manager for Municipal Fixed Income at the John Hancock Funds in Boston. Mr. Colby graduated from Brown University in 1972 with a Bachelor of Arts in Economics and International Relations; and from Hofstra University in 1979 with a Masters of Business Administration in Finance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58

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