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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 10/22/14

    • 30-Day SEC Yield1

      0.85%
    • Total Net Assets

      $267.7M
    • Number of Holdings

      334
    • Options

      Expected
    • Gross Expense Ratio2

      0.20%
    • Net Expense Ratio/TER2

      0.20%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      10/31/2014
  • Geographical Weightings (%)
    as of 09/30/14

    • State

      % of Net Assets
    • NY

      14.3
    • CA

      12.6
    • IL

      9.4
    • NJ

      8.9
    • TX

      6.3
    • PA

      4.5
    • FL

      4.4
    • NC

      3.8
    • GA

      3.7
    • MD

      3.6
    • MN

      3.1
    • WA

      2.7
    • MI

      2.4
    • MA

      2.3
    • CT

      2.3
    • OH

      1.9
    • KY

      1.5
    • AL

      1.4
    • SC

      1.4
    • MO

      1.2
    • Other

      8.2
  • Portfolio Composition (%)
    as of 09/30/14

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      99.93
    • Other

      0.00
    • Cash

      0.07
  • Currency Exposure (%)
    as of 09/30/14

    • U.S. Dollar

      99.93
    • Other

      0.07
    • Total

      100.00
  • Credit Quality (%)
    as of 09/30/14

    Composite % of Net Assets
    Investment Grade AAA 17.71
    AA 43.80
    A 36.73
    BBB 0.98
    Total Investment Grade 99.22
    Not Rated 0.78
    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 09/30/14

    • Beta vs. S&P 500 Index

      0.02
    • Correlation vs. S&P 500 Index

      0.12
    • Volatility (Standard Deviation)

      1.54
    • Sharpe Ratio

      0.94

    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 09/30/14

    • Sector

      % of Net Assets
    • State General

      34.1
    • Local General

      13.5
    • Transportation

      11.3
    • Special Tax

      9.9
    • Power Utilities

      8.4
    • Leasing

      7.2
    • Education

      5.8
    • Health Care Facilities

      4.4
    • Water Utilities

      3.4
    • IDR/PCR

      2.0