Key stats
About VanEck Short Muni ETF
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Inception date
Feb 22, 2008
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
SMB tracks an index that aims to provide market-like exposure to US short-duration, tax-exempt muni bonds with maturities of no more than six years. These bonds must have a fixed coupon schedule and have an investment grade rating to be included. Index components are proportionally weighted by market value and rebalance monthly. The fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. Prior to March 1, 2022, the fund tracked the Bloomberg AMT-Free Short Continuous Municipal Index. Then until November 30, 2022, the fund used a transition index to gradually broaden its exposure before tracking its current index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.66%
Cash1.34%
Top 10 holdings
Dividends
Dividend payout history