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SMB ETF Profile


Family: Van Eck Associates Corporation
Name: VanEck Short Municipal ETF
Inception Date: 22-Feb-2008
Termination Date:
Investment Objective: 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. The index comprised of Short maturity U.S. dollar-denominated investment-grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. Qualifying securities must be exempt from Federal taxes and must not be subject to the alternative minimum tax. In addition, qualifying securities must have less than six years remaining term to final maturity, a fixed coupon schedule (including zero coupon and step-up or step-down bonds), and an investment grade rating (based on the middle rating of Moody's, S&P and Fitch).
Prospectus
Top 10 Holdings
Top 10 Holdings Weight:
Number of Holdings:
Shares Outstanding: 15,950,000
Total Net Assets: 274,659,000
NAV: 17.22
Net Expense Ratio: 0.07%
Asset Class: Bonds
Developed or Emerging: Developed Market Funds
Country: US
Region:
Strategy:
Currency:
Commodity:
Sector:
Industry:
Dividend Type:
Tax Exempt State: Municipal - National
Maturity Duration: Short (1-3 years)
Market Cap:
Credit Quality: Investment Grade Only
Mortgage Bond Types:
Bond Type: Municipal
Gov't Bond Types:
Reit Type:
Leverage Direction/Factor:
Is Currency Hedged: No
US or Ex-US: Domestic