SMB

VanEck Vectors AMT-Free Short Municipal Index ETF
B

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*Unless otherwise stated, data provided by FactSet.

SMB Fund Description

SMB tracks a market-weighted index of tax-exempt municipal bonds dated within the last 5 years and with nominal maturities of 1-6 years.

SMB Factset Analytics Insight

SMB is a cost-effective fund that provides marketlike exposure to short-term muni bonds with maturities of no more than 6 years, though it does hold a few longer-term issues in its portfolio. SMB heavily optimizes its portfolio, holding about just a handful of its index's constituents, creating a tilt toward the short end of the curve. SMB underweights the 5-7 year maturity bucket, giving it a lower average maturity and effective duration, thus lowering its interest-rate risk. Over half its portfolio is made up of revenue bonds, while GO bonds account for almost all the rest. SMB trades fairly, with workable spreads, though it isn't as liquid as some competitors. Those looking to trade in volume will likely be frustrated by the hard-to-trade nature of the underlying munis. SMB has a low expense ratio for its segment but tracking is far from ideal, often trailing its index by multiples of its expense ratio, so holding costs are a concern here.

SMB CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SMB 0.61% 1.71% 3.30% 3.82% 1.43% 1.36% 1.92%
SMB (NAV) 0.66% 1.86% 3.30% 3.98% 1.46% 1.46% 2.00%
Bloomberg Barclays AMT-Free Short Continuous Municipal Index 0.66% 2.03% 3.65% 4.47% 1.78% 1.91% 2.00%
Bloomberg Barclays AMT-Free Short Continuous Municipal Index 0.66% 2.03% 3.65% 4.47% 1.78% 1.91% 2.52%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SMB Top 10 Countries

SMB Top 10 Sectors

SMB Top 10 Holdings

SMB Summary Data

VanEck
02/22/08
Open-Ended Fund
0.20%
$198.18M
$628.86K
0.12%

SMB Portfolio Data

3.03
--
1.53%
08/01/19
5

SMB Index Data

Market Value
AMT-Free
Bloomberg Barclays AMT-Free Short Continuous Municipal Index

SMB Portfolio Management

0.20%
-0.29%
0.00%
-0.51%

SMB Tax Exposures

20.00% / 39.60%
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Ordinary income
No

SMB Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

SMB Factset Analytics Block Liquidity

As of 07/19/19
5
4
3
2
1

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

35,613
$628.86K
26,578
$468.26K
0.12%
$0.02
-0.18%
0.13% / -0.46%
None
100.00%
50,000
0.53
0.06%
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$17.78
N/A

SMB Sector/Industry Breakdown


SMB
Segment Benchmark
59.41%
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35.08%
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5.51%
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SMB Top 10 Holdings

0.56%
0.32%
0.30%
0.29%
0.09%
1.56%

SMB Top 5 Countries


SMB
Segment Benchmark
100.00%
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SMB Top 5 Currencies


SMB
Segment Benchmark
100.00%
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SMB Performance Statistics

1.00
1.00
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SMB HOLDINGS STATISTICS

3.34 years
3.03
1.53%
3.04
Low
5
0.13%

SMB AVG LIFE MATURITY DISTRIBUTION

1.21%
13.74%
18.76%
8.57%
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SMB OAS BREAKDOWN

0.78%
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