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Short Municipal Index ETF SMB

  • Full Name: Market Vectors®
    Short Municipal Index ETF (SMB)

    Management Style: Sampling

    Underlying Index: The Barclays AMT-Free Short Continuous Municipal Index (LMT1TR)

    Index Provider: Barclays

    Index Description: LMT1TR is a market value weighted index designed to replicate the price movements of short-duration bonds with a nominal maturity of 1-6 years.

  •  
      

    • Fund Ticker

      SMB
    • Exchange

      NYSE Arca
    • Commencement

      02/22/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      LMT1TR
    • Index Rebalancing

      Monthly
  •  
    as of 11/25/14

    • 30-Day SEC Yield1

      0.89%
    • Total Net Assets

      $270.6M
    • Number of Holdings

      376
    • Options

      Expected
    • Gross Expense Ratio2

      0.20%
    • Net Expense Ratio/TER2

      0.20%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      11/28/2014
  • Morningstar™ Ratings3
    as of 10/31/14

    Category Overall 3 Year 5 Year
    Muni National Short
        
    4 stars of 164 Funds
       
    3 stars of 164 Funds
        
    4 stars of 137 Funds
  • Key Points

    • Tax-Free Yield
      Income generally exempt from federal taxes and the Alternative Minimum Tax (AMT)

    • Targeted Interest Rate Risk
      Designed to track an index of short-duration municipal

    • Quality
      Investment-grade index constituents with high overall credit quality
  • Yields
    as of 11/25/14

    • 30-Day SEC Yield1

      0.89%
    • Distribution Yield1

      1.16%
    • 12-Month Yield1

      1.25%
    • Taxable Equivalent 30-Day SEC Yields1a

    • Federal Tax Rate of 15%

      1.04%
    • Federal Tax Rate of 25%

      1.18%
    • Federal Tax Rate of 28%

      1.23%
    • Federal Tax Rate of 33%

      1.32%
    • Federal Tax Rate of 39.6%

      1.47%
     1/1a See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.20%
    • Other Expenses

      --
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.20%
    • Fee Waivers and
      Expense Reimbursement

      --
    • Net Expense Ratio/TER2

      0.20%
    2The investment management agreement between Market Vectors ETF Trust (the “Trust”) and Van Eck Associates Corporation (the “Adviser”) provides that the Adviser will pay all expenses of the Fund, except for the fee payment under the investment management agreement, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". 
  • Trading Information

    • Fund Ticker

      SMB
    • Index Total Return Ticker

      LMT1TR
    • NAV

      SMBNV
    • Intraday NAV (IIV)5

      SMBIV
    • Shares Outstanding

      15,350,000
    • Estimated Cash

      SMBEU
    • Total Cash

      SMBTC
    • CUSIP

      57060U803
    • ISIN

      US57060U8036
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 11/24/14

    • Yield to Worst

      1.01%
    • Yield to Maturity

      1.02%
    • Effective Duration (yrs)

      3.13
    • Modified Duration (yrs)

      3.09
    • Duration to Worst (yrs)

      3.12
    • Spread Duration (yrs)

      3.09
    • Years to Maturity

      4.81
    • Coupon

      4.72%
     4 See Important Disclosure for definitions.
  • Prices as of 11/25/2014

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    SMB $17.63
    $17.63
    84,355
    54,660
    $0.00 / -0.01%
    $0.01 / +0.04%
    + 1.2%
    + 0.8%

    $0.00
    -0.01%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    02/22/08
    SMB (NAV) 0.15 0.46 1.80 1.59 1.71 2.44 -- 2.97
    SMB (Share Price) 0.04 0.52 1.39 1.82 1.57 2.30 -- 2.96
    LMT1TR (Index) 0.22 0.63 2.29 2.23 2.39 3.04 -- 3.57
    Performance Differential (NAV - Index) -0.07 -0.17 -0.49 -0.64 -0.68 -0.60 -- -0.60
    After Tax Held -- -- -- 1.59 -- 2.42 -- 2.95
    After Tax Sold -- -- -- 1.46 -- 2.27 -- 2.74
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    02/22/08
    SMB (NAV) -0.07 0.24 1.65 2.07 1.50 2.21 -- 2.98
    SMB (Share Price) -0.07 0.64 1.36 2.13 1.40 2.10 -- 2.99
    LMT1TR (Index) -0.05 0.51 2.06 2.80 2.13 2.83 -- 3.59
    Performance Differential (NAV - Index) -0.02 -0.27 -0.41 -0.73 -0.63 -0.62 -- -0.61
    After Tax Held -- -- -- 2.07 -- 2.20 -- 2.97
    After Tax Sold -- -- -- 1.75 -- 2.10 -- 2.75
  • View All Holdings »Top 10 Holdings (%)as of 10/31/14

    Total Holdings: 351
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    State
    Currency
    % of Net
    Assets
    State Of Illinois
    5.000
    08/01/2017
    A-
    IL
    USD
    1.70
    State Of North Carolina
    5.000
    06/01/2018
    AAA
    NC
    USD
    1.22
    County Of Baltimore Md
    5.000
    08/01/2018
    AAA
    MD
    USD
    1.22
    City Of Rochester Mn
    4.000
    11/15/2038
    AA
    MN
    USD
    1.12
    Nj Transportation Trust Fund Authority
    5.000
    06/15/2018
    A
    NJ
    USD
    1.00
    Nj Transportation Trust Fund Authority
    5.000
    12/15/2017
    A
    NJ
    USD
    1.00
    Gwinnett County School District
    4.500
    10/01/2017
    AAA
    GA
    USD
    0.97
    City Of Chicago Il
    5.000
    12/01/2019
    A-
    IL
    USD
    0.95
    New York State Thruway Authority
    5.000
    05/01/2019
    A-
    NY
    USD
    0.94
    State Of Maryland
    4.500
    08/01/2019
    AAA
    MD
    USD
    0.87
    Top 10 Total (%)10.99

    These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Geographical Weightings (%)
    as of 10/31/14

    • State

      % of Net Assets
    • NY

      16.1
    • CA

      12.9
    • NJ

      8.4
    • IL

      7.9
    • TX

      6.5
    • WA

      4.2
    • FL

      4.2
    • MD

      3.9
    • GA

      3.7
    • NC

      3.7
    • PA

      3.6
    • MN

      3.0
    • MI

      2.3
    • MA

      2.3
    • CT

      2.2
    • OH

      1.9
    • KY

      1.4
    • AL

      1.4
    • SC

      1.3
    • AZ

      1.0
    • Other

      8.0
  • Currency Exposure (%)
    as of 10/31/14

    • U.S. Dollar

      99.73
    • Other

      0.27
    • Total

      100.00
  • Sector Weightings (%)
    as of 10/31/14

    • Sector

      % of Net Assets
    • State General

      31.8
    • Local General

      13.7
    • Transportation

      11.6
    • Special Tax

      10.6
    • Power Utilities

      8.8
    • Leasing

      7.0
    • Education

      5.6
    • Water Utilities

      4.7
    • Health Care Facilities

      4.2
    • IDR/PCR

      2.0
  • Credit Quality (%)
    as of 10/31/14

    Composite % of Net Assets
    Investment Grade AAA 18.87
    AA 44.06
    A 35.36
    BBB 0.95
    Total Investment Grade 99.25
    Not Rated 0.75
    Barclays Composite Rating: A blend of a security's Moody's, S&P, and Fitch ratings. If all three agencies rate the security, the middle rating is taken. If only two agencies rate a security, the lower rating is taken. If only one agency rates a security, that rating is used. Not rated indicates that a security is rated by fewer than one of the three rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 10/31/14

    Average Portfolio Maturity: 4.86 Years