SMB
VanEck Short Muni ETF
SMB
VanEck Short Muni ETF
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NAV$16.68
as of September 28, 2023 -
YTD RETURNS0.06%
as of September 28, 2023 -
Total Net Assets$241.05M
as of September 28, 2023 -
Total Expense Ratio0.07%
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Inception Date02/22/2008
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30-Day SEC Yield3.31%
Fund Description
The VanEck Short Muni ETF (SMB®) 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 (MBNS), which is intended to track the overall performance of the U.S. dollar denominated short-term tax-exempt bond market.
Overview
Fund Highlights
- Tax Exempt Income
Income generally exempt from federal taxes and the Alternative Minimum Tax (AMT)
- Targeted Interest Rate Risk
Designed to track an index of short-duration municipal bonds
- Quality
Investment-grade index constituents with high overall credit quality
Recommended Insights
Slowing Economy: 3 Reasons Municipal Bonds Make Sense
Slowing Economy: 3 Reasons Municipal Bonds Make Sense