What is SMB?

SMB tracks a market value-weighted index of investment grade, tax-exempt US municipal bonds with nominal maturities of 1-6 years.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SMB 0.77% 0.44% 0.30% -0.31% 3.03% 1.16% 0.83%
SMB (NAV) 1.08% 0.96% 0.98% 0.17% 1.75% 1.18% 0.91%
ICE BofA 1-3 Year AAA-AA US Municipal Securities Index 1.02% 0.78% 0.79% 0.79% 1.15% 1.02% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SMB Factset Analytics Insight

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.

SMB Summary Data

VanEck
02/22/08
0.20%
$281.93M
ICE Short AMT-Free Broad National Municipal Index
ICE BofA 1-3 Year AAA-AA US Municipal Securities Index
Open-Ended Fund

Peers

ICE BofA 1-3 Year AAA-AA US Municipal Securities Index

Fund Flows

-$0.01B 5 Days
-$0.01B 30 Days
-$0.06B 90 Days

SMB Portfolio Data

2.22
--
3.02%
N/A
--

SMB Index Data

ICE Short AMT-Free Broad National Municipal Index
Market Value
AMT-Free
ICE BofA 1-3 Year AAA-AA US Municipal Securities Index

SMB Portfolio Management

0.20%
--
--
--

SMB Tax Exposures

20.00% / 39.60%
0.12%
Ordinary income
No

SMB Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/24/23

This measurement shows how easy it is to trade a $1 million USD block of SMB. SMB is rated a N/A out of 5.

SMB Tradability

115,395
$1.95M
85,907
$1.44M
0.08%
$0.01
-0.19%
0.55% / -0.79%
None
100.00%
50,000
1.72
0.03%
--
0
$16.99
N/A

SMB Sector/Industry Breakdown

SMB Segment
Benchmark
81.88% --
5.10% --
4.68% --
3.30% --
1.51% --
0.89% --
0.83% --
0.70% --
0.46% --
0.44% --

SMB Top 10 Holdings

0.89%
0.78%
0.77%
0.73%
0.71%
0.70%
0.64%
0.63%
0.63%
0.57%
7.05%

SMB Performance Statistics

0.95
1.39
--
--
--

SMB Top 5 Countries

SMB Segment
Benchmark
100.00% --

SMB Top 5 Currencies

SMB Segment
Benchmark
100.00% --

SMB Avg Life Maturity Distribution

18.33%
21.54%
21.87%
35.17%
3.08%
--
--
--
--

SMB OAS Breakdown

87.80%
11.72%
0.48%
--
--
--
--
--
--
--
--

SMB Holdings Statistics

2.45 years
2.22
3.02%
2.25
--
--
0.31%