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SMB VanEck Short Muni ETF Please read important disclosure Close important disclosure Show More Show Less Compare false

SMB
VanEck Short Muni ETF

SMB
VanEck Short Muni ETF

  • NAV
    $17.17

    as of September 02, 2026
  • YTD RETURNS
    0.70%

    as of September 02, 2026
  • Total Net Assets
    $316.70M

    as of September 02, 2026
  • Total Expense Ratio
    0.07%
  • Inception Date
    02/22/2008
  • 30-Day SEC Yield
    2.91%
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Overview

Why SMB

  • Federally Tax-Exempt IncomeProvides income generally exempt from federal taxes
  • Intermediate Duration FocusDesigned to track an index of short-duration municipal bonds to help mange interest rate risk
  • Investment-Grade QualityEmphasizes investment-grade municipal bonds with high overall credit quality

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.

Yields  as of  09/02/2026

Distribution Frequency

Monthly

30-Day SEC Yield

2.91%

Distribution Yield

2.89%

12 Month Yield

3.04%

Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Short Muni ETF would have been 2.91% on 09/02/26. Distributions may vary from time to time.

Performance

Average Annual Total Returns* (%)

View All ETFs View All Indices
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE 02/22/08
SMB (NAV) 0.41 0.28 1.11 2.02 3.29 1.17 1.47 1.99
SMB (Market Price) 0.17 0.23 0.55 1.92 3.38 1.12 1.43 1.99
ICE Short AMT-Free Broad National Municipal Index 0.40 0.30 1.12 2.02 3.27 1.17 1.64 2.37
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE 02/22/08
SMB (NAV) 0.33 0.92 1.16 3.29 3.33 1.25 1.49 2.02
SMB (Market Price) 0.47 0.99 0.78 3.26 3.50 1.21 1.49 2.02
ICE Short AMT-Free Broad National Municipal Index 0.34 0.91 1.17 3.27 3.30 1.27 1.67 2.39

*Returns less than one year are not annualized.

Index data prior to March 1, 2022 reflects that of the Bloomberg AMT-Free Short Continuous Municipal Index (LMT1TR). From March 1, 2022 to November 30, 2022, the index data reflects that of the ICE Short AMT-Free Broad National Municipal Transition Index (MSBT). From December 1, 2022 forward the index data reflects that of the Fund's underlying index the ICE Short AMT Free Broad National Municipal Index (MBNS) and is not intended for third party use.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

Holdings

Daily Holdings (%) as of 09/01/2026

Download XLS Get holdings
Total Holdings: 322
Holding Name
% of Net Assets
 Coupon
Maturity
Market Value (US$)
New York City Transitional Finance Auth
1.04
 5.000
07/15/2031
3,304,735
Charlotte-Mecklenburg Hospital Authorit
1.03
 5.000
01/15/2049
3,247,228
Indiana Finance Authority
1.03
 5.000
02/01/2032
3,246,402
State Of California
1.01
 5.000
04/01/2030
3,196,706
Southeast Energy Authority A Cooperativ
0.95
 4.000
12/01/2051
3,008,424
Commonwealth Of Massachusetts
0.93
 5.000
05/01/2031
2,951,818
State Of New Jersey
0.89
 2.000
06/01/2030
2,821,467
State Of California
0.85
 5.000
10/01/2031
2,703,723
Kansas Development Finance Authority
0.84
 5.000
11/15/2054
2,667,720
New York City Housing Development Corp
0.81
 3.950
11/01/2064
2,563,108
Commonwealth Of Massachusetts
0.79
 5.000
10/01/2031
2,514,162
California Statewide Communities Develo
0.74
 1.750
09/01/2029
2,353,651
Massachusetts Water Resources Authority
0.69
 5.250
08/01/2030
2,190,208
Colorado Health Facilities Authority
0.69
 5.000
11/15/2060
2,174,475
Georgia State Road & Tollway Authority
0.68
 5.000
06/01/2032
2,159,216
State Of Connecticut
0.68
 3.000
01/15/2032
2,146,669
State Of Maryland
0.68
 5.000
03/15/2032
2,142,288
County Of King Wa
0.68
 4.000
07/01/2030
2,141,159
Main Street Natural Gas Inc
0.68
 5.000
04/01/2054
2,137,582
California Community Choice Financing A
0.67
 5.500
05/01/2054
2,114,257
Tennessee Energy Acquisition Corp
0.67
 5.000
05/01/2052
2,110,561
Main Street Natural Gas Inc
0.66
 5.000
05/01/2054
2,105,498
Texas Water Development Board
0.66
 4.000
10/15/2031
2,081,900
City Of Orlando Fl Tourist Development
0.65
 5.000
11/01/2031
2,073,202
City Of Chicago Il
0.65
 5.000
01/01/2030
2,069,620
Central Florida Expressway Authority
0.65
 5.000
07/01/2038
2,056,881
City & County Of Honolulu Hi
0.65
 5.000
03/01/2031
2,056,414
Fort Bend Independent School District
0.64
 5.000
08/15/2030
2,040,977
Conroe Independent School District
0.64
 5.000
02/15/2027
2,027,303
State Of Georgia
0.64
 5.000
02/01/2032
2,025,422
State Of California
0.63
 5.000
04/01/2032
1,985,047
Los Angeles Unified School District/Ca
0.58
 5.000
07/01/2030
1,841,646
Energy Southeast A Cooperative District
0.58
 5.500
11/01/2053
1,826,499
State Of Connecticut Special Tax Revenu
0.58
 5.000
05/01/2031
1,823,822
State Public School Building Authority
0.56
 5.000
06/01/2032
1,780,544
State Of California
0.53
 5.000
10/01/2031
1,673,883
State Of Maryland
0.52
 5.000
03/15/2031
1,638,348
New Jersey Educational Facilities Autho
0.52
 5.000
07/01/2064
1,632,882
Connecticut State Health & Educational
0.51
 5.000
07/01/2064
1,622,656
Indiana Finance Authority
0.50
 4.250
11/01/2030
1,597,638
State Of North Carolina
0.50
 5.000
03/01/2030
1,575,538
Wisconsin Health & Educational Faciliti
0.50
 5.000
02/15/2032
1,575,174
New York City Transitional Finance Auth
0.50
 4.000
11/01/2030
1,574,477
Curators Of The University Of Missouri/
0.49
 5.000
11/01/2030
1,538,257
Metropolitan Transportation Authority
0.48
 5.000
11/15/2031
1,509,224
Kern High School District
0.46
 2.000
08/01/2031
1,462,827
Frisco Independent School District
0.44
 4.000
02/15/2032
1,382,079
New York State Dormitory Authority
0.43
 5.000
10/01/2030
1,355,765
State Of Ohio
0.43
 5.000
12/15/2031
1,355,659
State Of California
0.42
 5.000
08/01/2027
1,339,267
County Of Allen Oh Hospital Facilities
0.42
 5.000
12/01/2029
1,338,040
City Of Columbus Oh
0.42
 5.000
04/01/2031
1,335,538
Jackson County School District No 549c
0.40
 5.000
12/15/2028
1,265,240
Central Plains Energy Project
0.40
 5.000
09/01/2031
1,261,666
Main Street Natural Gas Inc
0.40
 4.000
07/01/2052
1,260,647
Central Florida Expressway Authority
0.40
 4.000
07/01/2031
1,253,110
New York Transportation Development Cor
0.39
 5.000
12/01/2030
1,244,966
Kentucky Public Energy Authority
0.38
 4.000
08/01/2052
1,210,023
New York City Transitional Finance Auth
0.38
 5.000
02/01/2030
1,205,836
State Of North Carolina
0.38
 5.000
06/01/2031
1,195,722
Jefferson County School District R-1
0.37
 5.000
12/15/2030
1,172,003
Detroit City School District
0.35
 5.250
05/01/2032
1,113,555
Triborough Bridge & Tunnel Authority
0.35
 5.000
11/15/2031
1,110,314
State Of California
0.35
 5.000
09/01/2030
1,096,925
Commonwealth Of Massachusetts
0.35
 5.000
05/01/2030
1,094,264
Metropolitan Transportation Authority
0.35
 5.000
11/15/2030
1,093,255
Texas State Transportation Commission
0.34
 5.000
04/01/2030
1,092,100
State Of California
0.34
 5.000
10/01/2029
1,088,067
Clark County School District
0.34
 5.000
06/15/2032
1,086,074
Minnesota Public Facilities Authority S
0.34
 5.000
03/01/2031
1,085,133
State Of Washington
0.34
 5.000
06/01/2031
1,084,250
State Of Maryland
0.34
 5.000
03/15/2029
1,079,783
New York State Dormitory Authority
0.34
 5.000
03/15/2029
1,079,657
New York City Municipal Water Finance A
0.34
 5.000
06/15/2032
1,076,495
Metropolitan Government Nashville & Dav
0.34
 5.000
07/01/2031
1,076,285
New York City Transitional Finance Auth
0.34
 5.000
08/01/2031
1,071,351
Piedmont Municipal Power Agency
0.34
 5.000
01/01/2032
1,068,445
State Of North Carolina
0.34
 5.000
05/01/2031
1,068,110
California Community Choice Financing A
0.34
 5.250
11/01/2054
1,067,976
County Of Miami-Dade Fl Water & Sewer S
0.34
 5.000
10/01/2028
1,065,962
North Carolina Municipal Power Agency N
0.34
 5.000
01/01/2032
1,065,725
Triborough Bridge & Tunnel Authority
0.34
 5.000
11/15/2028
1,065,556
Regional Transportation District Sales
0.34
 5.000
11/01/2028
1,065,239
Denton Independent School District
0.34
 5.000
08/15/2029
1,063,722
City Of New York Ny
0.34
 5.000
08/01/2029
1,063,300
Board Of Regents Of The University Of T
0.34
 5.000
08/15/2029
1,062,556
County Of Allen Oh Hospital Facilities
0.34
 5.000
08/01/2030
1,060,804
Triborough Bridge & Tunnel Authority
0.33
 5.000
11/15/2028
1,060,359
Minneapolis-St Paul Metropolitan Airpor
0.33
 5.000
01/01/2029
1,058,414
Southeast Alabama Gas Supply District/T
0.33
 5.000
08/01/2054
1,058,334
State Of Louisiana
0.33
 5.000
02/01/2029
1,057,655
New Jersey Health Care Facilities Finan
0.33
 5.000
07/01/2031
1,057,223
New York City Transitional Finance Auth
0.33
 5.000
07/15/2031
1,055,290
University Of Connecticut
0.33
 5.000
04/15/2029
1,055,287
Texas Municipal Gas Acquisition & Suppl
0.33
 5.500
01/01/2054
1,052,633
Black Belt Energy Gas District
0.33
 5.500
06/01/2049
1,046,902
State Of California
0.33
 5.000
10/01/2027
1,046,710
State Of California
0.33
 5.000
09/01/2028
1,045,990
State Of California
0.33
 5.000
11/01/2028
1,045,693
Main Street Natural Gas Inc
0.33
 5.000
09/01/2053
1,044,163
Southeast Energy Authority A Cooperativ
0.33
 5.250
01/01/2054
1,043,912
City Of Houston Tx Combined Utility Sys
0.33
 5.000
11/15/2027
1,042,745
Washington Convention & Sports Authorit
0.33
 5.000
10/01/2030
1,042,159
City Of Houston Tx
0.33
 5.000
03/01/2032
1,041,800
State Of Illinois
0.33
 5.000
11/01/2027
1,041,383
Main Street Natural Gas Inc
0.33
 5.000
07/01/2053
1,040,872
California Community Choice Financing A
0.33
 5.000
07/01/2053
1,037,916
Black Belt Energy Gas District
0.33
 5.000
05/01/2053
1,037,076
Tobacco Settlement Financing Corp
0.33
 5.000
06/01/2032
1,036,887
University Of Minnesota
0.33
 5.000
12/01/2031
1,036,628
Energy Northwest
0.33
 --
07/01/2027
1,033,719
New Jersey Educational Facilities Autho
0.32
 5.000
07/01/2028
1,028,290
Hillsboro School District No 1j
0.32
 5.000
06/15/2031
1,027,969
Commonwealth Of Pennsylvania
0.32
 5.000
07/15/2027
1,027,161
New York State Dormitory Authority
0.32
 5.000
08/01/2030
1,027,032
County Of Harris Tx Toll Road Revenue
0.32
 5.000
08/15/2027
1,024,251
City Of New York Ny
0.32
 5.000
09/01/2027
1,024,195
City Of New York Ny
0.32
 5.000
09/01/2027
1,024,195
State Of California
0.32
 5.000
09/01/2027
1,023,996
Commonwealth Of Pennsylvania
0.32
 5.000
09/01/2027
1,023,698
San Francisco City & County Public Util
0.32
 5.000
10/01/2026
1,023,209
Louisville/Jefferson County Metropolita
0.32
 5.000
10/01/2047
1,022,954
Iowa Finance Authority
0.32
 5.000
08/01/2031
1,021,969
Triborough Bridge & Tunnel Authority
0.32
 5.000
11/15/2026
1,019,911
Metropolitan Council
0.32
 5.000
12/01/2026
1,018,761
Ohio Water Development Authority
0.32
 5.000
12/01/2027
1,018,566
County Of Hennepin Mn Sales Tax Revenue
0.32
 5.000
12/15/2031
1,017,467
New York State Thruway Authority
0.32
 5.000
01/01/2027
1,016,698
Central Florida Tourism Oversight Distr
0.32
 4.000
06/01/2031
1,015,755
California State Public Works Board
0.32
 4.000
11/01/2031
1,014,339
County Of Baltimore Md
0.32
 5.000
03/01/2030
1,013,208
New York City Housing Development Corp
0.32
 3.250
11/01/2064
1,010,842
King County School District No 414 Lake
0.32
 5.000
12/01/2031
1,008,417
State Of Connecticut
0.32
 3.000
06/01/2029
1,008,209
State Of Hawaii
0.32
 3.000
10/01/2029
1,005,785
California Community Choice Financing A
0.32
 4.000
02/01/2052
1,004,147
State Of Minnesota
0.32
 3.000
10/01/2030
1,003,294
State Of Florida
0.32
 3.000
06/01/2030
1,001,750
Indiana Finance Authority
0.32
 5.000
06/01/2029
1,001,743
New York City Housing Development Corp
0.32
 3.150
05/01/2066
999,429
New York City Housing Development Corp
0.32
 3.125
11/01/2065
999,149
Long Island Power Authority
0.31
 3.000
09/01/2055
996,784
City Of Denton Tx Utility System Revenu
0.31
 5.000
12/01/2031
982,621
State Of California
0.31
 5.000
11/01/2028
970,936
Board Of Regents Of The University Of T
0.30
 5.000
08/15/2031
951,103
State Of California Department Of Water
0.30
 5.000
12/01/2031
951,095
State Of Florida Department Of Transpor
0.30
 5.000
07/01/2030
950,639
New York State Dormitory Authority
0.30
 5.000
02/15/2032
943,955
Fort Bend Independent School District
0.30
 5.000
02/15/2028
941,581
Collin County Community College Distric
0.29
 4.000
08/15/2031
932,235
State Of Washington
0.29
 5.000
08/01/2031
902,556
Beverly Hills Unified School District C
0.28
 --
08/01/2030
891,712
Harris County Cultural Education Facili
0.28
 5.000
11/15/2030
880,706
State Of New Mexico Severance Tax Perma
0.27
 5.000
07/01/2027
863,262
New York City Transitional Finance Auth
0.27
 5.000
02/01/2027
862,426
Georgia State Road & Tollway Authority
0.27
 5.000
06/01/2029
856,889
California State Public Works Board
0.27
 5.000
10/01/2026
849,161
Public Finance Authority
0.26
 4.000
10/01/2041
831,829
Virginia Commonwealth Transportation Bo
0.26
 5.000
05/15/2032
829,795
California State Public Works Board
0.26
 5.000
10/01/2028
821,623
Los Angeles County Metropolitan Transpo
0.26
 5.000
07/01/2031
816,589
State Of Illinois
0.26
 5.000
11/01/2026
816,353
State Of California
0.26
 5.000
10/01/2030
811,655
State Of Louisiana
0.26
 5.000
03/01/2032
808,834
County Of Fairfax Va
0.25
 5.000
10/01/2031
789,327
State Of North Carolina
0.25
 3.000
05/01/2031
787,333
New Jersey Transportation Trust Fund Au
0.25
 4.100
06/15/2031
787,233
City Of Columbus Oh
0.25
 5.000
04/01/2029
785,098
California Health Facilities Financing
0.25
 5.000
11/15/2031
780,537
County Of Montgomery Md
0.25
 4.000
08/01/2029
778,969
State Of California
0.25
 5.000
04/01/2027
776,287
State Of Maryland Department Of Transpo
0.24
 4.000
05/01/2030
772,406
University Of Connecticut
0.24
 5.000
01/15/2030
755,903
Regional Transportation Authority
0.24
 5.000
07/01/2028
751,660
Energy Northwest
0.24
 5.000
07/01/2028
744,969
New Jersey Economic Development Authori
0.23
 3.125
07/01/2031
740,295
Virginia Public Building Authority
0.23
 5.000
08/01/2029
737,588
Montgomery County Industrial Developmen
0.23
 4.100
06/01/2029
736,424
California State Public Works Board
0.23
 5.000
11/01/2029
731,536
City Of South Miami Health Facilities A
0.23
 5.000
08/15/2029
725,047
New York State Urban Development Corp
0.23
 5.000
03/15/2027
715,402
Illinois Finance Authority
0.22
 5.000
07/01/2027
704,140
City Of New York Ny
0.22
 5.000
04/01/2032
698,327
Commonwealth Of Massachusetts
0.22
 5.500
01/01/2027
692,347
State Of Illinois
0.22
 3.500
06/01/2029
691,116
Trinity River Authority Central Regiona
0.22
 5.000
08/01/2030
684,786
New York State Dormitory Authority
0.21
 5.000
03/15/2028
678,226
New Jersey Health Care Facilities Finan
0.21
 5.000
07/01/2029
677,191
Pennsylvania Housing Finance Agency
0.21
 2.800
10/01/2031
672,956
Washington Metropolitan Area Transit Au
0.21
 5.000
07/01/2031
665,680
Illinois State Toll Highway Authority
0.21
 5.000
01/01/2027
660,681
King County School District No 411 Issa
0.20
 4.000
12/01/2031
641,755
New York State Environmental Facilities
0.20
 5.000
06/15/2028
637,653
New Jersey Economic Development Authori
0.20
 5.000
06/15/2034
633,616
City Of San Antonio Tx Electric & Gas S
0.20
 5.000
02/01/2027
633,526
State Of Connecticut Special Tax Revenu
0.20
 5.000
05/01/2028
633,393
City Of Phoenix Civic Improvement Corp
0.20
 5.000
07/01/2029
626,603
State Of New York Mortgage Agency Homeo
0.19
 3.000
10/01/2031
615,626
City Of Dallas Tx Waterworks & Sewer Sy
0.19
 5.000
10/01/2031
613,707
Texas Municipal Gas Acquisition & Suppl
0.19
 5.000
12/15/2026
609,646
Virginia College Building Authority
0.19
 5.000
02/01/2027
608,821
State Of Maryland Department Of Transpo
0.19
 5.000
10/01/2026
608,653
State Of North Carolina
0.19
 5.000
05/01/2029
603,034
New York State Dormitory Authority
0.19
 5.000
02/15/2032
602,065
State Of Illinois Sales Tax Revenue
0.19
 4.000
06/15/2028
596,409
City Of Dallas Tx Waterworks & Sewer Sy
0.18
 5.000
10/01/2030
577,955
Alabama Public School And College Autho
0.18
 5.000
11/01/2031
573,568
Washington Metropolitan Area Transit Au
0.18
 5.000
07/01/2030
568,826
State Of California
0.18
 5.000
10/01/2027
554,756
Salt River Project Agricultural Improve
0.17
 5.000
01/01/2032
552,491
San Bernardino Community College Distri
0.17
 4.000
08/01/2049
550,475
New York State Dormitory Authority
0.17
 5.000
03/15/2030
547,911
Utah Transit Authority
0.17
 5.000
12/15/2030
547,625
City Of New York Ny
0.17
 5.000
11/01/2030
546,935
City Of New York Ny
0.17
 5.000
08/01/2030
543,419
County Of Jefferson Al
0.17
 5.000
09/15/2028
543,234
Utah Transit Authority
0.17
 5.000
06/15/2030
543,167
Southeast Energy Authority A Cooperativ
0.17
 5.000
10/01/2030
539,977
Rutherford Cty Health & Edu Fac Brd
0.17
 5.000
11/15/2048
539,912
Miami Beach Redevelopment Agency
0.17
 5.000
02/01/2031
538,715
City Of New York Ny
0.17
 5.000
10/01/2031
537,667
Orange County Convention Center/Orlando
0.17
 5.000
10/01/2030
537,489
Buckeye Tobacco Settlement Financing Au
0.17
 5.000
06/01/2032
536,293
Chicago O'Hare International Airport
0.17
 5.000
01/01/2030
536,128
City Of San Francisco Ca Public Utiliti
0.17
 5.000
11/01/2028
534,886
California Community Choice Financing A
0.17
 5.250
01/01/2054
534,379
California Infrastructure & Economic De
0.17
 5.000
11/01/2029
534,026
County Of Clark Department Of Aviation
0.17
 5.000
07/01/2029
533,761
Metropolitan Washington Airports Author
0.17
 5.000
10/01/2028
533,705
Kentucky Public Energy Authority
0.17
 5.250
06/01/2055
531,109
Central Puget Sound Regional Transit Au
0.17
 5.000
11/01/2026
530,799
State Of Maryland
0.17
 5.000
03/15/2028
529,940
Austin Independent School District
0.17
 5.000
08/01/2028
528,561
Arizona Industrial Development Authorit
0.17
 5.000
11/01/2028
524,927
City Of Houston Tx
0.17
 5.000
03/01/2032
524,583
New York City Industrial Development Ag
0.17
 5.000
03/01/2029
524,552
Grand River Dam Authority
0.17
 5.000
06/01/2031
524,220
California Health Facilities Financing
0.17
 5.000
11/01/2027
523,900
State Of California
0.17
 5.000
10/01/2027
523,355
Minneapolis-St Paul Metropolitan Airpor
0.17
 5.000
01/01/2030
523,127
Main Street Natural Gas Inc
0.17
 5.000
12/01/2052
522,516
Virginia Commonwealth Transportation Bo
0.16
 5.000
03/15/2027
522,311
Triborough Bridge & Tunnel Authority
0.16
 5.000
11/15/2027
522,034
County Of Miami-Dade Fl
0.16
 5.000
10/01/2029
521,690
State Of Michigan Trunk Line Revenue
0.16
 5.000
11/15/2027
521,673
Shelby County Health Educational & Hous
0.16
 5.000
09/01/2049
520,150
Illinois Finance Authority
0.16
 5.000
01/01/2028
519,513
California Community Choice Financing A
0.16
 5.000
02/01/2054
519,270
Tennessee Energy Acquisition Corp
0.16
 5.000
05/01/2053
519,215
Tobacco Settlement Financing Corp
0.16
 5.000
06/01/2031
519,138
New York State Urban Development Corp
0.16
 5.000
03/15/2027
518,407
State Of Maryland
0.16
 5.000
03/15/2028
518,122
New York State Dormitory Authority
0.16
 5.000
02/15/2027
516,842
Commonwealth Of Massachusetts
0.16
 5.000
05/01/2027
516,700
Montgomery County Industrial Developmen
0.16
 4.100
10/01/2053
516,137
American Municipal Power Inc
0.16
 5.000
02/15/2028
516,125
University Of Colorado
0.16
 4.000
06/01/2034
515,940
Ohio Turnpike & Infrastructure Commissi
0.16
 5.000
02/15/2031
515,728
Lower Colorado River Authority
0.16
 5.000
05/15/2027
515,462
Ohio Turnpike & Infrastructure Commissi
0.16
 5.000
02/15/2032
515,081
Commonwealth Of Massachusetts
0.16
 5.000
07/01/2027
514,553
Central Florida Expressway Authority
0.16
 5.000
07/01/2027
514,137
City Of New York Ny
0.16
 5.000
08/01/2027
513,221
New Jersey Health Care Facilities Finan
0.16
 5.000
09/15/2026
512,072
County Of Mecklenburg Nc
0.16
 4.000
04/01/2029
512,017
New York City Transitional Finance Auth
0.16
 5.000
11/01/2026
510,450
City Of Colorado Springs Co Utilities S
0.16
 5.000
11/15/2026
509,997
Metropolitan Transportation Authority
0.16
 5.000
11/15/2026
509,884
County Of Cook Il
0.16
 5.000
11/15/2028
509,786
City Of Portland Or Sewer System Revenu
0.16
 5.000
12/01/2026
509,393
Boulder Larimer & Weld Counties St Vrai
0.16
 5.000
12/15/2035
508,810
City Of Forsyth Mt
0.16
 3.875
07/01/2028
508,764
New Jersey Transportation Trust Fund Au
0.16
 5.000
12/15/2026
508,688
State Of Colorado
0.16
 5.000
12/15/2026
508,615
Salt River Project Agricultural Improve
0.16
 5.000
01/01/2027
508,333
North Texas Tollway Authority
0.16
 5.000
01/01/2027
508,166
New York State Dormitory Authority
0.16
 5.000
02/15/2027
506,708
New York State Housing Finance Agency
0.16
 3.600
11/01/2063
506,659
New York State Housing Finance Agency
0.16
 3.800
11/01/2062
506,574
California Infrastructure & Economic De
0.16
 3.000
10/01/2047
506,488
County Of Bexar Tx
0.16
 5.000
06/15/2027
506,301
City & County Of Honolulu Hi
0.16
 5.000
03/01/2027
505,975
California Community Choice Financing A
0.16
 4.000
05/01/2053
505,835
Main Street Natural Gas Inc
0.16
 4.000
08/01/2052
505,822
California State University
0.16
 3.125
11/01/2051
505,673
Michigan State Housing Development Auth
0.16
 3.700
04/01/2030
505,594
Los Angeles Unified School District/Ca
0.16
 5.000
07/01/2030
505,107
Butler County Unified School District N
0.16
 4.000
09/01/2030
504,183
Maryland Community Development Administ
0.16
 3.300
01/01/2029
503,274
Wisconsin Health & Educational Faciliti
0.16
 4.000
08/15/2031
502,240
Commonwealth Of Pennsylvania
0.16
 3.000
01/01/2031
500,410
Foothill-Eastern Transportation Corrido
0.16
 --
01/01/2027
495,964
State Of Maryland Department Of Transpo
0.16
 3.000
09/01/2031
491,029
City Of San Antonio Tx Electric & Gas S
0.15
 3.150
02/01/2055
490,239
California State Public Works Board
0.15
 3.000
09/01/2031
485,960
New York City Transitional Finance Auth
0.15
 5.000
11/01/2027
459,851
County Of Miami-Dade Fl
0.14
 --
10/01/2031
458,927
State Of Mississippi
0.14
 5.000
10/01/2029
449,444
New Jersey Transportation Trust Fund Au
0.14
 5.000
06/15/2030
441,769
Pennsylvania Housing Finance Agency
0.14
 3.200
10/01/2031
427,775
Illinois State Toll Highway Authority
0.13
 5.000
01/01/2027
421,819
City Of New York Ny
0.13
 5.000
03/01/2027
415,063
State Of Michigan
0.13
 3.000
05/01/2030
410,204
Commonwealth Of Massachusetts
0.13
 5.000
10/01/2026
409,224
State Of Connecticut Special Tax Revenu
0.12
 5.000
07/01/2031
384,727
Allegheny County Hospital Development A
0.12
 5.000
07/15/2030
380,756
University Of Utah/The
0.12
 5.000
08/01/2031
372,820
City Of Chicago Il
0.12
 5.000
01/01/2027
369,750
Michigan State Housing Development Auth
0.12
 3.100
12/01/2031
367,042
Canadian County Educational Facilities
0.10
 3.000
09/01/2029
326,603
Lancaster County School District/Sc
0.10
 3.250
03/01/2032
318,465
California Health Facilities Financing
0.10
 5.000
08/15/2031
311,289
Long Island Power Authority
0.10
 5.000
09/01/2031
310,980
Kentucky State Property & Building Comm
0.09
 5.000
10/01/2030
274,030
New York State Housing Finance Agency
0.08
 2.500
11/01/2060
265,372
Texas Water Development Board
0.08
 5.000
04/15/2030
260,599
South Dakota Health & Educational Facil
0.08
 5.000
09/01/2030
258,702
Maryland Health & Higher Educational Fa
0.08
 --
01/01/2029
257,779
County Of Mecklenburg Nc
0.07
 2.000
12/01/2030
235,262
State Public School Building Authority
0.06
 5.000
06/01/2029
203,366
Jea Electric System Revenue
0.04
 5.000
10/01/2029
114,793
--
3.52
 --
--
11,139,469
Other/Cash
-0.34
 --
--
-1,061,624
← Scroll for more information →
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Portfolio

Sector Weightings (%) as at 08/31/2026

  • Sector

    % of Net Assets

  • State GO

    18.26

  • Local GO

    14.68

  • Utilities - Other

    9.99

  • Tax

    9.92

  • Hospitals

    7.03

  • Power

    6.46

  • Education

    5.78

  • Water & Sewer

    5.56

  • Transportation

    5.34

  • Leasing COPS & Appropriations

    4.81

  • Refunded

    2.77

  • Multi-Family Housing

    2.48

  • Toll & Turnpike

    2.02

  • Airport

    1.00

  • Misc

    0.92

  • Pollution Control

    0.91

  • Tobacco

    0.66

  • Single Family Housing

    0.66

  • Industrial Development Revenue

    0.39

  • Unassigned

    0.22

  • Health

    0.16

Credit Quality (%) as of 07/31/2026

Composite % of Net Assets
Investment Grade AAA 18.44
AA 48.87
A 20.74
BBB 4.31
Total Investment Grade -- 92.37
Not Rated -- 7.63
If more than one rating is available for an underlying security, the lower of the two ratings is used. If a bond issued by a national government, national government agency or supranational issuer is not rated, the issuer’s credit rating will be used. If two issuer ratings are available, the lower of the two is used. If only one rating is available in all scenarios, we will use the rating provided. If no rating is available, the security will be not rated. Not rated securities do not necessarily indicate lower credit quality. Ratings and portfolio credit quality may change over time.

Years to Maturity as at 07/31/2026

  • Years

    Maturity (%)

  • < 1

    15.70

  • 1 - 3

    21.20

  • 3 - 5

    37.90

  • 5 - 7

    25.30

  • 7 - 10

    0.00

  • 10 - 15

    0.00

  • 15 - 20

    0.00

  • 20 - 30

    0.00

  • 30 +

    0.00

Fees

Distributions

Distribution History

Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains
Ex-date Record Date Payable date Dividend
Income‡ 		Short-Term
Capital Gains 		Long-Term
Capital Gains 		Return of
Capital 		Total
Distributions
09/01/2026 09/01/2026 09/04/2026 $ 0.0413 -- -- -- $ 0.04
08/03/2026 08/03/2026 08/06/2026 $ 0.0435 -- -- -- $ 0.04
07/01/2026 07/01/2026 07/07/2026 $ 0.0467 -- -- -- $ 0.05
06/01/2026 06/01/2026 06/04/2026 $ 0.0356 -- -- -- $ 0.04
05/01/2026 05/01/2026 05/06/2026 $ 0.0387 -- -- -- $ 0.04
04/01/2026 04/01/2026 04/07/2026 $ 0.0458 -- -- -- $ 0.05
03/02/2026 03/02/2026 03/05/2026 $ 0.0356 -- -- -- $ 0.04
02/02/2026 02/02/2026 02/05/2026 $ 0.0398 -- -- -- $ 0.04
12/29/2025 12/29/2025 12/31/2025 $ 0.0405 -- -- -- $ 0.04
11/28/2025 11/28/2025 12/03/2025 $ 0.0372 -- -- -- $ 0.04
11/03/2025 11/03/2025 11/06/2025 $ 0.0405 -- -- -- $ 0.04
10/01/2025 10/01/2025 10/06/2025 $ 0.0371 -- -- -- $ 0.04
09/02/2025 09/02/2025 09/05/2025 $ 0.0389 -- -- -- $ 0.04
08/01/2025 08/01/2025 08/06/2025 $ 0.0402 -- -- -- $ 0.04
07/01/2025 07/01/2025 07/07/2025 $ 0.0368 -- -- -- $ 0.04
06/02/2025 06/02/2025 06/05/2025 $ 0.0384 -- -- -- $ 0.04
05/01/2025 05/01/2025 05/06/2025 $ 0.0356 -- -- -- $ 0.04
04/01/2025 04/01/2025 04/04/2025 $ 0.0432 -- -- -- $ 0.04
03/03/2025 03/03/2025 03/06/2025 $ 0.0325 -- -- -- $ 0.03
02/03/2025 02/03/2025 02/06/2025 $ 0.0366 -- -- -- $ 0.04
12/27/2024 12/27/2024 12/30/2024 $ 0.0368 -- -- -- $ 0.04
12/02/2024 12/02/2024 12/05/2024 $ 0.0340 -- -- -- $ 0.03
11/01/2024 11/01/2024 11/06/2024 $ 0.0372 -- -- -- $ 0.04
10/01/2024 10/01/2024 10/04/2024 $ 0.0344 -- -- -- $ 0.03
09/03/2024 09/03/2024 09/06/2024 $ 0.0347 -- -- -- $ 0.03
08/01/2024 08/01/2024 08/06/2024 $ 0.0368 -- -- -- $ 0.04
07/01/2024 07/01/2024 07/05/2024 $ 0.0329 -- -- -- $ 0.03
06/03/2024 06/03/2024 06/06/2024 $ 0.0250 -- -- -- $ 0.03
05/01/2024 05/02/2024 05/07/2024 $ 0.0300 -- -- -- $ 0.03
04/01/2024 04/02/2024 04/05/2024 $ 0.0442 -- -- -- $ 0.04
03/01/2024 03/04/2024 03/07/2024 $ 0.0292 -- -- -- $ 0.03
02/01/2024 02/02/2024 02/07/2024 $ 0.0315 -- -- -- $ 0.03
12/27/2023 12/28/2023 12/29/2023 $ 0.0314 -- -- -- $ 0.03
12/01/2023 12/04/2023 12/07/2023 $ 0.0274 -- -- -- $ 0.03
11/01/2023 11/02/2023 11/07/2023 $ 0.0300 -- -- -- $ 0.03
10/02/2023 10/03/2023 10/06/2023 $ 0.0269 -- -- -- $ 0.03
09/01/2023 09/05/2023 09/08/2023 $ 0.0245 -- -- -- $ 0.02
08/01/2023 08/02/2023 08/10/2023 $ 0.0312 -- -- -- $ 0.03
07/03/2023 07/05/2023 07/07/2023 $ 0.0240 -- -- -- $ 0.02
06/01/2023 06/02/2023 06/07/2023 $ 0.0246 -- -- -- $ 0.02
05/01/2023 05/02/2023 05/05/2023 $ 0.0219 -- -- -- $ 0.02
04/03/2023 04/04/2023 04/10/2023 $ 0.0297 -- -- -- $ 0.03
03/01/2023 03/02/2023 03/07/2023 $ 0.0185 -- -- -- $ 0.02
02/01/2023 02/02/2023 02/07/2023 $ 0.0227 -- -- -- $ 0.02
12/28/2022 12/29/2022 12/30/2022 $ 0.0231 -- -- -- $ 0.02
12/01/2022 12/02/2022 12/07/2022 $ 0.0197 -- -- -- $ 0.02
11/01/2022 11/02/2022 11/07/2022 $ 0.0215 -- -- -- $ 0.02
10/03/2022 10/04/2022 10/07/2022 $ 0.0180 -- -- -- $ 0.02
09/01/2022 09/02/2022 09/08/2022 $ 0.0191 -- -- -- $ 0.02
08/01/2022 08/02/2022 08/05/2022 $ 0.0205 -- -- -- $ 0.02
07/01/2022 07/05/2022 07/08/2022 $ 0.0204 -- -- -- $ 0.02
06/01/2022 06/02/2022 06/07/2022 $ 0.0166 -- -- -- $ 0.02
05/02/2022 05/03/2022 05/06/2022 $ 0.0172 -- -- -- $ 0.02
04/01/2022 04/04/2022 04/07/2022 $ 0.0178 -- -- -- $ 0.02
03/01/2022 03/02/2022 03/07/2022 $ 0.0131 -- -- -- $ 0.01
02/01/2022 02/02/2022 02/07/2022 $ 0.0151 -- -- -- $ 0.02
12/29/2021 12/30/2021 12/31/2021 $ 0.0169 $ 0.0018 $ 0.0226 -- $ 0.04
12/01/2021 12/02/2021 12/07/2021 $ 0.0142 -- -- -- $ 0.01
11/01/2021 11/02/2021 11/05/2021 $ 0.0168 -- -- -- $ 0.02
10/01/2021 10/04/2021 10/07/2021 $ 0.0143 -- -- -- $ 0.01
09/01/2021 09/02/2021 09/08/2021 $ 0.0159 -- -- -- $ 0.02
08/02/2021 08/03/2021 08/06/2021 $ 0.0175 -- -- -- $ 0.02
07/01/2021 07/02/2021 07/08/2021 $ 0.0162 -- -- -- $ 0.02
06/01/2021 06/02/2021 06/07/2021 $ 0.0177 -- -- -- $ 0.02
05/03/2021 05/04/2021 05/07/2021 $ 0.0167 -- -- -- $ 0.02
04/01/2021 04/05/2021 04/08/2021 $ 0.0189 -- -- -- $ 0.02
03/01/2021 03/02/2021 03/05/2021 $ 0.0148 -- -- -- $ 0.01
02/01/2021 02/02/2021 02/05/2021 $ 0.0178 -- -- -- $ 0.02
12/29/2020 12/30/2020 01/05/2021 $ 0.0222 -- -- -- $ 0.02
12/01/2020 12/02/2020 12/07/2020 $ 0.0199 -- -- -- $ 0.02
11/02/2020 11/03/2020 11/06/2020 $ 0.0232 -- -- -- $ 0.02
10/01/2020 10/02/2020 10/07/2020 $ 0.0207 -- -- -- $ 0.02
09/01/2020 09/02/2020 09/08/2020 $ 0.0226 -- -- -- $ 0.02
08/03/2020 08/04/2020 08/07/2020 $ 0.0248 -- -- -- $ 0.02
07/01/2020 07/02/2020 07/08/2020 $ 0.0216 -- -- -- $ 0.02
06/01/2020 06/02/2020 06/05/2020 $ 0.0245 -- -- -- $ 0.02
05/01/2020 05/04/2020 05/07/2020 $ 0.0236 -- -- -- $ 0.02
04/01/2020 04/02/2020 04/07/2020 $ 0.0244 -- -- -- $ 0.02
03/02/2020 03/03/2020 03/06/2020 $ 0.0212 -- -- -- $ 0.02
02/03/2020 02/04/2020 02/07/2020 $ 0.0234 -- -- -- $ 0.02
12/30/2019 12/31/2019 01/06/2020 $ 0.0247 -- -- -- $ 0.02
12/02/2019 12/03/2019 12/06/2019 $ 0.0240 -- -- -- $ 0.02
11/01/2019 11/04/2019 11/07/2019 $ 0.0233 -- -- -- $ 0.02
10/01/2019 10/02/2019 10/07/2019 $ 0.0226 -- -- -- $ 0.02
09/03/2019 09/04/2019 09/09/2019 $ 0.0236 -- -- -- $ 0.02
08/01/2019 08/02/2019 08/07/2019 $ 0.0238 -- -- -- $ 0.02
07/01/2019 07/02/2019 07/08/2019 $ 0.0231 -- -- -- $ 0.02
06/03/2019 06/04/2019 06/07/2019 $ 0.0227 -- -- -- $ 0.02
05/01/2019 05/02/2019 05/07/2019 $ 0.0233 -- -- -- $ 0.02
04/01/2019 04/02/2019 04/05/2019 $ 0.0240 -- -- -- $ 0.02
03/01/2019 03/04/2019 03/07/2019 $ 0.0220 -- -- -- $ 0.02
02/01/2019 02/04/2019 02/07/2019 $ 0.0240 -- -- -- $ 0.02
12/27/2018 12/28/2018 01/03/2019 $ 0.0237 -- -- -- $ 0.02
12/03/2018 12/04/2018 12/07/2018 $ 0.0224 -- -- -- $ 0.02
11/01/2018 11/02/2018 11/07/2018 $ 0.0228 -- -- -- $ 0.02
10/01/2018 10/02/2018 10/05/2018 $ 0.0221 -- -- -- $ 0.02
09/04/2018 09/05/2018 09/10/2018 $ 0.0224 -- -- -- $ 0.02
08/01/2018 08/02/2018 08/07/2018 $ 0.0223 -- -- -- $ 0.02
07/02/2018 07/03/2018 07/09/2018 $ 0.0223 -- -- -- $ 0.02
06/01/2018 06/04/2018 06/07/2018 $ 0.0223 -- -- -- $ 0.02
05/01/2018 05/02/2018 05/07/2018 $ 0.0200 -- -- -- $ 0.02
04/02/2018 04/03/2018 04/06/2018 $ 0.0203 -- -- -- $ 0.02
03/01/2018 03/02/2018 03/07/2018 $ 0.0178 -- -- -- $ 0.02
02/01/2018 02/02/2018 02/07/2018 $ 0.0198 -- -- -- $ 0.02
12/27/2017 12/28/2017 01/03/2018 $ 0.0188 -- -- -- $ 0.02
12/01/2017 12/04/2017 12/07/2017 $ 0.0178 -- -- -- $ 0.02
11/01/2017 11/02/2017 11/07/2017 $ 0.0183 -- -- -- $ 0.02
10/02/2017 10/03/2017 10/06/2017 $ 0.0175 -- -- -- $ 0.02
09/01/2017 09/06/2017 09/08/2017 $ 0.0179 -- -- -- $ 0.02
08/01/2017 08/03/2017 08/07/2017 $ 0.0178 -- -- -- $ 0.02
07/03/2017 07/06/2017 07/10/2017 $ 0.0175 -- -- -- $ 0.02
06/01/2017 06/05/2017 06/07/2017 $ 0.0188 -- -- -- $ 0.02
05/01/2017 05/03/2017 05/05/2017 $ 0.0171 -- -- -- $ 0.02
04/03/2017 04/05/2017 04/07/2017 $ 0.0177 -- -- -- $ 0.02
03/01/2017 03/03/2017 03/07/2017 $ 0.0153 -- -- -- $ 0.02
02/01/2017 02/03/2017 02/07/2017 $ 0.0170 -- -- -- $ 0.02
12/28/2016 12/30/2016 01/04/2017 $ 0.0166 -- -- -- $ 0.02
12/01/2016 12/05/2016 12/07/2016 $ 0.0154 -- -- -- $ 0.02
11/01/2016 11/03/2016 11/07/2016 $ 0.0155 -- -- -- $ 0.02
10/03/2016 10/05/2016 10/07/2016 $ 0.0155 -- -- -- $ 0.02
09/01/2016 09/06/2016 09/08/2016 $ 0.0160 -- -- -- $ 0.02
08/01/2016 08/03/2016 08/05/2016 $ 0.0160 -- -- -- $ 0.02
07/01/2016 07/06/2016 07/08/2016 $ 0.0160 -- -- -- $ 0.02
06/01/2016 06/03/2016 06/07/2016 $ 0.0168 -- -- -- $ 0.02
05/02/2016 05/04/2016 05/06/2016 $ 0.0163 -- -- -- $ 0.02
04/01/2016 04/05/2016 04/07/2016 $ 0.0168 -- -- -- $ 0.02
03/01/2016 03/03/2016 03/07/2016 $ 0.0158 -- -- -- $ 0.02
02/01/2016 02/03/2016 02/05/2016 $ 0.0170 -- -- -- $ 0.02
12/29/2015 12/31/2015 01/05/2016 $ 0.0170 -- -- -- $ 0.02
12/01/2015 12/03/2015 12/07/2015 $ 0.0164 -- -- -- $ 0.02
11/02/2015 11/04/2015 11/06/2015 $ 0.0175 -- -- -- $ 0.02
10/01/2015 10/05/2015 10/07/2015 $ 0.0168 -- -- -- $ 0.02
09/01/2015 09/03/2015 09/08/2015 $ 0.0167 -- -- -- $ 0.02
08/03/2015 08/05/2015 08/07/2015 $ 0.0165 -- -- -- $ 0.02
07/01/2015 07/06/2015 07/08/2015 $ 0.0162 -- -- -- $ 0.02
06/01/2015 06/03/2015 06/05/2015 $ 0.0166 -- -- -- $ 0.02
05/01/2015 05/05/2015 05/07/2015 $ 0.0160 -- -- -- $ 0.02
04/01/2015 04/06/2015 04/08/2015 $ 0.0166 -- -- -- $ 0.02
03/02/2015 03/04/2015 03/06/2015 $ 0.0150 -- -- -- $ 0.01
02/02/2015 02/04/2015 02/06/2015 $ 0.0169 -- -- -- $ 0.02
12/29/2014 12/31/2014 01/05/2015 $ 0.0169 -- -- -- $ 0.02
12/01/2014 12/03/2014 12/05/2014 $ 0.0160 -- -- -- $ 0.02
11/03/2014 11/05/2014 11/07/2014 $ 0.0171 -- -- -- $ 0.02
10/01/2014 10/03/2014 10/07/2014 $ 0.0162 -- -- -- $ 0.02
09/02/2014 09/04/2014 09/08/2014 $ 0.0174 -- -- -- $ 0.02
08/01/2014 08/05/2014 08/07/2014 $ 0.0175 -- -- -- $ 0.02
07/01/2014 07/03/2014 07/08/2014 $ 0.0169 -- -- -- $ 0.02
06/02/2014 06/04/2014 06/06/2014 $ 0.0178 -- -- -- $ 0.02
05/01/2014 05/05/2014 05/07/2014 $ 0.0180 -- -- -- $ 0.02
04/01/2014 04/03/2014 04/07/2014 $ 0.0184 -- -- -- $ 0.02
03/03/2014 03/05/2014 03/07/2014 $ 0.0202 -- -- -- $ 0.02
02/03/2014 02/05/2014 02/07/2014 $ 0.0205 -- -- -- $ 0.02
12/27/2013 12/31/2013 01/03/2014 $ 0.0209 -- -- -- $ 0.02
12/02/2013 12/04/2013 12/06/2013 $ 0.0203 -- -- -- $ 0.02
11/01/2013 11/05/2013 11/07/2013 $ 0.0232 -- -- -- $ 0.02
10/01/2013 10/03/2013 10/07/2013 $ 0.0198 -- -- -- $ 0.02
09/03/2013 09/05/2013 09/09/2013 $ 0.0204 -- -- -- $ 0.02
08/01/2013 08/05/2013 08/07/2013 $ 0.0194 -- -- -- $ 0.02
07/01/2013 07/03/2013 07/08/2013 $ 0.0195 -- -- -- $ 0.02
06/03/2013 06/05/2013 06/07/2013 $ 0.0200 -- -- -- $ 0.02
05/01/2013 05/03/2013 05/07/2013 $ 0.0200 -- -- -- $ 0.02
04/01/2013 04/03/2013 04/05/2013 $ 0.0204 -- -- -- $ 0.02
03/01/2013 03/05/2013 03/07/2013 $ 0.0186 -- -- -- $ 0.02
02/01/2013 02/05/2013 02/07/2013 $ 0.0202 -- -- -- $ 0.02
12/27/2012 12/31/2012 01/03/2013 $ 0.0213 -- $ 0.0110 -- $ 0.03
12/03/2012 12/05/2012 12/07/2012 $ 0.0205 -- -- -- $ 0.02
11/01/2012 11/05/2012 11/07/2012 $ 0.0210 -- -- -- $ 0.02
10/01/2012 10/03/2012 10/05/2012 $ 0.0213 -- -- -- $ 0.02
09/04/2012 09/07/2012 09/10/2012 $ 0.0226 -- -- -- $ 0.02
08/01/2012 08/03/2012 08/07/2012 $ 0.0234 -- -- -- $ 0.02
07/02/2012 07/05/2012 07/09/2012 $ 0.0233 -- -- -- $ 0.02
06/01/2012 06/05/2012 06/07/2012 $ 0.0245 -- -- -- $ 0.02
05/01/2012 05/03/2012 05/07/2012 $ 0.0243 -- -- -- $ 0.02
04/02/2012 04/04/2012 04/09/2012 $ 0.0258 -- -- -- $ 0.03
03/01/2012 03/05/2012 03/07/2012 $ 0.0248 -- -- -- $ 0.02
02/01/2012 02/03/2012 02/07/2012 $ 0.0265 -- -- -- $ 0.03
12/28/2011 12/30/2011 01/04/2012 $ 0.0279 -- $ 0.0002 -- $ 0.03
12/01/2011 12/05/2011 12/07/2011 $ 0.0270 -- -- -- $ 0.03
11/01/2011 11/03/2011 11/07/2011 $ 0.0270 -- -- -- $ 0.03
10/03/2011 10/05/2011 10/07/2011 $ 0.0270 -- -- -- $ 0.03
09/01/2011 09/06/2011 09/08/2011 $ 0.0282 -- -- -- $ 0.03
08/01/2011 08/03/2011 08/05/2011 $ 0.0290 -- -- -- $ 0.03
07/01/2011 07/06/2011 07/08/2011 $ 0.0268 -- -- -- $ 0.03
06/01/2011 06/03/2011 06/07/2011 $ 0.0290 -- -- -- $ 0.03
05/02/2011 05/04/2011 05/06/2011 $ 0.0275 -- -- -- $ 0.03
04/01/2011 04/05/2011 04/07/2011 $ 0.0330 -- -- -- $ 0.03
03/01/2011 03/03/2011 03/07/2011 $ 0.0281 -- -- -- $ 0.03
02/01/2011 02/03/2011 02/07/2011 $ 0.0310 -- -- -- $ 0.03
12/29/2010 12/31/2010 01/05/2011 $ 0.0300 $ 0.0210 $ 0.0370 -- $ 0.09
12/01/2010 12/03/2010 12/07/2010 $ 0.0280 -- -- -- $ 0.03
11/01/2010 11/03/2010 11/05/2010 $ 0.0290 -- -- -- $ 0.03
10/01/2010 10/05/2010 10/07/2010 $ 0.0290 -- -- -- $ 0.03
09/01/2010 09/03/2010 09/08/2010 $ 0.0300 -- -- -- $ 0.03
08/02/2010 08/04/2010 08/06/2010 $ 0.0300 -- -- -- $ 0.03
07/01/2010 07/06/2010 07/08/2010 $ 0.0290 -- -- -- $ 0.03
06/01/2010 06/03/2010 06/07/2010 $ 0.0300 -- -- -- $ 0.03
05/03/2010 05/05/2010 05/07/2010 $ 0.0300 -- -- -- $ 0.03
04/01/2010 04/06/2010 04/08/2010 $ 0.0300 -- -- -- $ 0.03
03/01/2010 03/03/2010 03/05/2010 $ 0.0280 -- -- -- $ 0.03
02/01/2010 02/03/2010 02/05/2010 $ 0.0300 -- -- -- $ 0.03
12/29/2009 12/31/2009 01/05/2010 $ 0.0325 -- -- -- $ 0.03
12/01/2009 12/03/2009 12/07/2009 $ 0.0310 -- -- -- $ 0.03
11/02/2009 11/04/2009 11/06/2009 $ 0.0320 -- -- -- $ 0.03
10/01/2009 10/05/2009 10/07/2009 $ 0.0300 -- -- -- $ 0.03
09/01/2009 09/03/2009 09/08/2009 $ 0.0315 -- -- -- $ 0.03
08/03/2009 08/05/2009 08/07/2009 $ 0.0360 -- -- -- $ 0.04
07/01/2009 07/06/2009 07/08/2009 $ 0.0340 -- -- -- $ 0.03
06/01/2009 06/03/2009 06/05/2009 $ 0.0350 -- -- -- $ 0.04
05/01/2009 05/05/2009 05/07/2009 $ 0.0370 -- -- -- $ 0.04
04/01/2009 04/03/2009 04/07/2009 $ 0.0400 -- -- -- $ 0.04
03/02/2009 03/04/2009 03/06/2009 $ 0.0360 -- -- -- $ 0.04
02/02/2009 02/04/2009 02/06/2009 $ 0.0380 -- -- -- $ 0.04
12/26/2008 12/30/2008 01/06/2009 $ 0.0370 -- -- -- $ 0.04
12/01/2008 12/03/2008 12/05/2008 $ 0.0450 -- -- -- $ 0.04
11/03/2008 11/05/2008 11/07/2008 $ 0.0340 -- -- -- $ 0.03
10/01/2008 10/03/2008 10/07/2008 $ 0.0367 -- -- -- $ 0.04
09/02/2008 09/04/2008 09/09/2008 $ 0.0393 -- -- -- $ 0.04
08/01/2008 08/05/2008 08/07/2008 $ 0.0377 -- -- -- $ 0.04
07/01/2008 07/03/2008 07/08/2008 $ 0.0367 -- -- -- $ 0.04
06/02/2008 06/04/2008 06/06/2008 $ 0.0400 -- -- -- $ 0.04
05/01/2008 05/05/2008 05/07/2008 $ 0.0100 -- -- -- $ 0.01
04/01/2008 04/03/2008 04/08/2008 $ 0.0687 -- -- -- $ 0.07

‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

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