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SMB Market Vectors AMT-Free Short Municipal Index ETF

  • Fund Description

    The Market Vectors® AMT-Free Short Municipal Index ETF (SMB®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays AMT-Free Short Continuous Municipal Index (LMT1TR), which is intended to track the overall performance of the U.S. dollar denominated short-term tax-exempt bond market.

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    • 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 02/11/16

    • 30-Day SEC Yield1

      0.89%
    • Total Net Assets

      $265.4M
    • Number of Holdings

      649
    • Options

      Expected
    • Gross Expense Ratio2

      0.20%
    • Net Expense Ratio/TER2

      0.20%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
  • Geographical Weightings (%) as of 01/31/16

    • State

      % of Net Assets
    • New York

      16.5
    • California

      15.4
    • Texas

      8.0
    • Florida

      5.1
    • Maryland

      4.8
    • New Jersey

      4.5
    • Pennsylvania

      4.4
    • Illinois

      4.1
    • Michigan

      3.0
    • Washington

      2.9
    • Georgia

      2.9
    • Connecticut

      2.8
    • Ohio

      2.2
    • North Carolina

      2.0
    • Minnesota

      2.0
    • Massachusetts

      1.7
    • Arizona

      1.6
    • Missouri

      1.5
    • Oregon

      1.3
    • Wisconsin

      1.1
    • Other

      12.2
  • Portfolio Composition (%)
    as of 01/31/16

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      99.71
    • Other

      0.00
    • Cash

      0.29
  • Currency Exposure (%)
    as of 01/31/16

    • U.S. Dollar

      99.71
    • Other/Cash

      0.29
  • Credit Quality (%)
    as of 01/31/16

    Composite % of Net Assets
    Investment Grade AAA 18.09
    AA 54.71
    A 23.07
    BBB 4.11
    Non-Investment Grade BB 0.02
    Total Investment Grade -- 99.98
    Total Non-Investment Grade -- 0.02
    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.
  • 3-YR Risk Measures*
    as of 01/31/16

    • Beta vs. S&P 500 Index

      --
    • Correlation vs. S&P 500 Index

      0.02
    • Volatility (Standard Deviation)

      1.56
    • Sharpe Ratio

      0.67

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • State

      21.6
    • Local

      14.7
    • Transportation

      14.6
    • Special Tax

      12.7
    • Water & Sewer

      8.9
    • Leasing

      8.1
    • Power

      6.4
    • Health Care

      5.5
    • Education

      5.2
    • Industrial Revenue

      2.3
    • Solid Waste/Res Recovery

      0.0