SMB

VanEck Short Muni ETF

$17.32

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The VanEck Short Muni ETF (SMB) seeks to provide investment results that closely correspond, before fees and expenses, to the price and yield performance of the Bloomberg Municipal Short Bond Index.

Overview

ETF tracking VanEck Short Muni ETF

Category Municipal Bonds

Issuer VanEck

Inception Date 2018-12-28

Market Cap $285.0M

Average Volume N/A

Dividend Yield 2.19%

52-Week Range $16.86 - $17.48

VWAP $17.33

Performance

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Investment Summary

📎 Investment Objective

The VanEck Short Muni ETF (SMB) seeks to provide investment results that closely correspond, before fees and expenses, to the price and yield performance of the Bloomberg Municipal Short Bond Index.

🎯 Investment Strategy

The ETF invests primarily in municipal bonds with short-term maturities in order to track the performance of the underlying index. The fund uses a representative sampling approach to invest in a portfolio of municipal bonds that have similar risk and return characteristics as the index.

✨ Key Features

Focuses on municipal bonds with short-term maturities, typically less than 5 years
Designed to provide exposure to the municipal bond market with lower interest rate risk
Tracks the Bloomberg Municipal Short Bond Index, a broad index of short-term municipal bonds
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
Liquidity risk: The municipal bond market can experience periods of lower liquidity, which may impact the fund's ability to sell holdings
Concentration risk: The fund's performance is tied to the municipal bond market and may be more volatile than a more diversified fund

👤 Best For

The VanEck Short Muni ETF may be suitable for investors seeking exposure to the municipal bond market with lower interest rate sensitivity, as part of a diversified fixed income allocation. It may be particularly appealing to investors with a shorter investment horizon or a lower risk tolerance.