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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
    $17.23

    as of August 21, 2026
  • YTD RETURNS
    1.11%

    as of August 21, 2026
  • Total Net Assets
    $317.98M

    as of August 21, 2026
  • Total Expense Ratio
    0.07%
  • Inception Date
    02/22/2008
  • 30-Day SEC Yield
    2.90%
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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  08/21/2026

Distribution Frequency

Monthly

30-Day SEC Yield

2.90%

Distribution Yield

3.03%

12 Month Yield

2.78%

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 2.90% on 08/21/26. 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) -0.46 0.11 0.70 2.23 3.11 1.07 1.42 1.98
SMB (Market Price) -0.39 0.35 0.39 2.46 3.29 1.08 1.42 1.99
ICE Short AMT-Free Broad National Municipal Index -0.44 0.12 0.72 2.23 3.08 1.08 1.59 2.35
  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 08/20/2026

Download XLS Get holdings
Total Holdings: 331
Holding Name
% of Net Assets
 Coupon
Maturity
Market Value (US$)
New York City Transitional Finance Auth
1.04
 5.000
07/15/2031
3,319,805
Charlotte-Mecklenburg Hospital Authorit
1.03
 5.000
01/15/2049
3,263,070
Indiana Finance Authority
1.03
 5.000
02/01/2032
3,263,001
State Of California
1.01
 5.000
04/01/2030
3,207,706
Southeast Energy Authority A Cooperativ
0.95
 4.000
12/01/2051
3,024,585
Commonwealth Of Massachusetts
0.93
 5.500
05/01/2031
2,961,832
State Of New Jersey
0.89
 5.500
06/01/2030
2,834,794
State Of California
0.86
 5.000
10/01/2031
2,720,254
Kansas Development Finance Authority
0.84
 5.000
11/15/2054
2,680,454
New York City Housing Development Corp
0.81
 3.950
11/01/2064
2,565,166
Commonwealth Of Massachusetts
0.79
 5.000
10/01/2031
2,523,863
California Statewide Communities Develo
0.75
 1.750
09/01/2029
2,379,709
Black Belt Energy Gas District
0.70
 4.000
10/01/2052
2,235,357
Massachusetts Water Resources Authority
0.69
 5.250
08/01/2030
2,195,817
Colorado Health Facilities Authority
0.69
 5.000
11/15/2060
2,179,241
Georgia State Road & Tollway Authority
0.68
 5.000
06/01/2032
2,166,849
Main Street Natural Gas Inc
0.68
 5.000
05/01/2054
2,163,925
State Of Connecticut
0.68
 3.000
01/15/2032
2,163,408
State Of Maryland
0.68
 5.000
03/15/2032
2,146,873
Main Street Natural Gas Inc
0.67
 5.000
04/01/2054
2,144,715
County Of King Wa
0.67
 4.000
07/01/2030
2,141,229
Tennessee Energy Acquisition Corp
0.66
 5.000
05/01/2052
2,113,852
City & County Of Honolulu Hi
0.66
 5.000
03/01/2031
2,112,840
California Community Choice Financing A
0.66
 5.500
05/01/2054
2,103,697
Texas Water Development Board
0.66
 5.500
10/15/2031
2,089,723
City Of Orlando Fl Tourist Development
0.65
 5.000
11/01/2031
2,074,363
City Of Chicago Il
0.65
 5.000
01/01/2030
2,073,732
Central Florida Expressway Authority
0.65
 5.000
07/01/2038
2,055,680
Fort Bend Independent School District
0.64
 5.000
08/15/2030
2,041,342
Conroe Independent School District
0.64
 5.000
02/15/2027
2,025,547
State Of Georgia
0.64
 5.000
02/01/2032
2,024,753
State Of California
0.63
 5.000
04/01/2032
2,007,364
Los Angeles Unified School District/Ca
0.58
 5.000
07/01/2030
1,842,294
Energy Southeast A Cooperative District
0.58
 5.500
11/01/2053
1,834,454
State Of Connecticut Special Tax Revenu
0.57
 5.000
05/01/2031
1,826,187
State Public School Building Authority
0.56
 5.000
06/01/2032
1,779,841
State Of California
0.53
 5.000
10/01/2031
1,692,368
State Of Maryland
0.52
 5.000
03/15/2031
1,643,300
New Jersey Educational Facilities Autho
0.52
 5.000
07/01/2064
1,639,078
Connecticut State Health & Educational
0.51
 5.000
07/01/2064
1,627,687
State Of North Carolina
0.51
 5.000
03/01/2030
1,615,728
Indiana Finance Authority
0.50
 4.250
11/01/2030
1,602,949
Wisconsin Health & Educational Faciliti
0.50
 5.000
02/15/2032
1,580,420
New York City Transitional Finance Auth
0.50
 4.000
11/01/2030
1,577,717
Curators Of The University Of Missouri/
0.48
 5.000
11/01/2030
1,541,427
Pefa Inc
0.48
 5.000
09/01/2049
1,536,404
Main Street Natural Gas Inc
0.48
 4.000
03/01/2050
1,528,996
Metropolitan Transportation Authority
0.48
 5.000
11/15/2031
1,510,901
Kern High School District
0.46
 2.000
08/01/2031
1,473,231
Frisco Independent School District
0.44
 4.000
02/15/2032
1,387,327
State Of Ohio
0.43
 5.000
12/15/2031
1,361,234
New York State Dormitory Authority
0.43
 5.000
10/01/2030
1,354,738
State Of California
0.42
 5.000
08/01/2027
1,341,064
County Of Allen Oh Hospital Facilities
0.42
 5.000
12/01/2029
1,340,629
City Of Columbus Oh
0.42
 5.000
04/01/2031
1,338,299
Central Plains Energy Project
0.41
 5.000
09/01/2031
1,295,231
Main Street Natural Gas Inc
0.40
 4.000
07/01/2052
1,283,957
Jackson County School District No 549c
0.40
 5.000
12/15/2028
1,263,274
Central Florida Expressway Authority
0.40
 4.000
07/01/2031
1,256,610
New York Transportation Development Cor
0.39
 5.000
12/01/2030
1,249,423
Kentucky Public Energy Authority
0.38
 4.000
08/01/2052
1,213,540
New York City Transitional Finance Auth
0.38
 5.000
02/01/2030
1,205,172
State Of North Carolina
0.38
 5.000
06/01/2031
1,199,732
Jefferson County School District R-1
0.37
 5.000
12/15/2030
1,174,246
State Of California
0.35
 5.000
09/01/2030
1,122,515
Detroit City School District
0.35
 5.250
05/01/2032
1,118,780
Minnesota Public Facilities Authority S
0.35
 5.500
03/01/2031
1,116,734
Triborough Bridge & Tunnel Authority
0.35
 5.000
11/15/2031
1,115,782
Metropolitan Transportation Authority
0.35
 5.000
11/15/2030
1,097,595
Commonwealth Of Massachusetts
0.34
 5.000
05/01/2030
1,096,339
Texas State Transportation Commission
0.34
 5.000
04/01/2030
1,095,076
State Of California
0.34
 5.000
10/01/2029
1,091,306
State Of Washington
0.34
 5.500
06/01/2031
1,087,850
Clark County School District
0.34
 5.000
06/15/2032
1,085,938
New York State Dormitory Authority
0.34
 5.000
03/15/2029
1,081,526
Metropolitan Government Nashville & Dav
0.34
 5.000
07/01/2031
1,080,844
State Of Maryland
0.34
 5.000
03/15/2029
1,080,363
State Of California
0.34
 5.000
09/01/2028
1,075,479
New York City Transitional Finance Auth
0.34
 5.000
08/01/2031
1,073,573
Piedmont Municipal Power Agency
0.34
 5.000
01/01/2032
1,072,650
Main Street Natural Gas Inc
0.34
 5.500
09/01/2053
1,072,359
California Community Choice Financing A
0.34
 5.250
11/01/2054
1,071,642
New York City Municipal Water Finance A
0.34
 5.000
06/15/2032
1,071,639
State Of North Carolina
0.34
 5.000
05/01/2031
1,070,409
City Of Houston Tx
0.34
 5.000
03/01/2032
1,069,446
Main Street Natural Gas Inc
0.34
 5.500
07/01/2053
1,068,527
North Carolina Municipal Power Agency N
0.34
 5.000
01/01/2032
1,067,916
Triborough Bridge & Tunnel Authority
0.34
 5.000
11/15/2028
1,067,857
County Of Miami-Dade Fl Water & Sewer S
0.34
 5.000
10/01/2028
1,067,433
Regional Transportation District Sales
0.34
 5.000
11/01/2028
1,066,812
City Of New York Ny
0.34
 5.000
08/01/2029
1,065,939
Board Of Regents Of The University Of T
0.34
 5.000
08/15/2029
1,065,249
Denton Independent School District
0.33
 5.000
08/15/2029
1,064,954
Southeast Alabama Gas Supply District/T
0.33
 5.500
08/01/2054
1,063,639
Triborough Bridge & Tunnel Authority
0.33
 5.000
11/15/2028
1,061,653
County Of Allen Oh Hospital Facilities
0.33
 5.000
08/01/2030
1,061,062
Minneapolis-St Paul Metropolitan Airpor
0.33
 5.000
01/01/2029
1,060,095
State Of Louisiana
0.33
 5.000
02/01/2029
1,059,429
New Jersey Health Care Facilities Finan
0.33
 5.000
07/01/2031
1,058,352
New York City Transitional Finance Auth
0.33
 5.000
07/15/2031
1,056,539
University Of Connecticut
0.33
 5.000
04/15/2029
1,055,963
Texas Municipal Gas Acquisition & Suppl
0.33
 5.500
01/01/2054
1,055,309
State Of California
0.33
 5.000
09/01/2027
1,050,678
State Of California
0.33
 5.000
10/01/2027
1,048,664
Commonwealth Of Pennsylvania
0.33
 5.000
09/01/2027
1,048,312
City Of New York Ny
0.33
 5.000
09/01/2027
1,047,799
City Of New York Ny
0.33
 5.000
09/01/2027
1,047,799
State Of California
0.33
 5.000
11/01/2028
1,046,244
Southeast Energy Authority A Cooperativ
0.33
 5.250
01/01/2054
1,046,239
Black Belt Energy Gas District
0.33
 5.500
06/01/2049
1,045,325
City Of Houston Tx Combined Utility Sys
0.33
 5.000
11/15/2027
1,043,868
Washington Convention & Sports Authorit
0.33
 5.000
10/01/2030
1,042,397
State Of Illinois
0.33
 5.000
11/01/2027
1,041,180
California Community Choice Financing A
0.33
 5.000
07/01/2053
1,040,688
County Of Baltimore Md
0.33
 5.000
03/01/2030
1,040,214
Black Belt Energy Gas District
0.33
 5.000
05/01/2053
1,038,234
Tobacco Settlement Financing Corp
0.33
 5.000
06/01/2032
1,037,682
University Of Minnesota
0.33
 5.000
12/01/2031
1,037,404
Energy Northwest
0.32
 --
07/01/2027
1,033,276
New Jersey Educational Facilities Autho
0.32
 5.000
07/01/2028
1,028,395
New York State Dormitory Authority
0.32
 5.000
08/01/2030
1,028,041
Hillsboro School District No 1j
0.32
 5.000
06/15/2031
1,027,453
Commonwealth Of Pennsylvania
0.32
 5.000
07/15/2027
1,026,591
State Of California
0.32
 5.000
09/01/2026
1,024,440
West Virginia Commissioner Of Highways
0.32
 5.000
09/01/2026
1,024,343
County Of Harris Tx Toll Road Revenue
0.32
 5.000
08/15/2027
1,023,778
San Francisco City & County Public Util
0.32
 5.500
10/01/2026
1,022,424
Iowa Finance Authority
0.32
 5.000
08/01/2031
1,022,200
Louisville/Jefferson County Metropolita
0.32
 5.000
10/01/2047
1,022,073
Triborough Bridge & Tunnel Authority
0.32
 5.000
11/15/2026
1,019,037
Ohio Water Development Authority
0.32
 5.000
12/01/2027
1,017,934
Metropolitan Council
0.32
 5.500
12/01/2026
1,017,876
County Of Hennepin Mn Sales Tax Revenue
0.32
 5.000
12/15/2031
1,016,791
New York State Thruway Authority
0.32
 5.000
01/01/2027
1,015,804
Central Florida Tourism Oversight Distr
0.32
 4.000
06/01/2031
1,015,772
California State Public Works Board
0.32
 4.000
11/01/2031
1,013,519
Long Island Power Authority
0.32
 5.500
09/01/2055
1,013,017
New York City Housing Development Corp
0.32
 5.500
11/01/2064
1,011,719
State Of Connecticut
0.32
 3.000
06/01/2029
1,010,074
King County School District No 414 Lake
0.32
 5.000
12/01/2031
1,007,891
State Of Hawaii
0.32
 3.000
10/01/2029
1,007,787
State Of Minnesota
0.32
 3.000
10/01/2030
1,006,737
California Community Choice Financing A
0.32
 4.000
02/01/2052
1,006,626
New York City Housing Development Corp
0.32
 3.125
11/01/2065
1,006,076
State Of Florida
0.32
 3.000
06/01/2030
1,004,212
Indiana Finance Authority
0.32
 5.000
06/01/2029
1,003,599
New York City Housing Development Corp
0.32
 3.150
05/01/2066
1,002,360
City Of Denton Tx Utility System Revenu
0.31
 5.000
12/01/2031
981,709
State Of California
0.31
 5.000
11/01/2028
974,395
State Of Florida Department Of Transpor
0.30
 5.000
07/01/2030
953,574
Board Of Regents Of The University Of T
0.30
 5.000
08/15/2031
953,521
State Of California Department Of Water
0.30
 5.000
12/01/2031
951,768
New York State Dormitory Authority
0.30
 5.000
02/15/2032
942,499
Fort Bend Independent School District
0.30
 5.000
02/15/2028
941,848
Collin County Community College Distric
0.29
 4.000
08/15/2031
933,192
State Of Washington
0.28
 5.000
08/01/2031
902,190
Beverly Hills Unified School District C
0.28
 --
08/01/2030
894,734
Harris County Cultural Education Facili
0.28
 5.000
11/15/2030
881,066
State Of New Mexico Severance Tax Perma
0.27
 5.000
07/01/2027
863,241
New York City Transitional Finance Auth
0.27
 5.000
02/01/2027
861,405
Georgia State Road & Tollway Authority
0.27
 5.000
06/01/2029
858,473
California State Public Works Board
0.27
 5.000
10/01/2026
848,508
Public Finance Authority
0.26
 4.000
10/01/2041
834,524
State Of Louisiana
0.26
 5.000
03/01/2032
831,384
Virginia Commonwealth Transportation Bo
0.26
 5.000
05/15/2032
830,380
California State Public Works Board
0.26
 5.000
10/01/2028
821,962
State Of California
0.26
 5.000
10/01/2030
818,046
Los Angeles County Metropolitan Transpo
0.26
 5.000
07/01/2031
816,768
State Of Illinois
0.26
 5.000
11/01/2026
815,726
State Of North Carolina
0.25
 3.000
05/01/2031
792,425
County Of Fairfax Va
0.25
 5.000
10/01/2031
790,139
New Jersey Transportation Trust Fund Au
0.25
 4.100
06/15/2031
786,309
City Of Columbus Oh
0.25
 5.500
04/01/2029
784,893
California Health Facilities Financing
0.25
 5.000
11/15/2031
781,127
County Of Montgomery Md
0.25
 4.000
08/01/2029
780,534
State Of California
0.24
 5.000
04/01/2027
776,564
State Of Maryland Department Of Transpo
0.24
 4.000
05/01/2030
773,101
University Of Connecticut
0.24
 5.000
01/15/2030
755,527
Regional Transportation Authority
0.24
 5.000
07/01/2028
751,580
Energy Northwest
0.23
 5.000
07/01/2028
745,149
New Jersey Economic Development Authori
0.23
 3.125
07/01/2031
743,550
Virginia Public Building Authority
0.23
 5.000
08/01/2029
737,729
Montgomery County Industrial Developmen
0.23
 4.100
06/01/2029
737,526
California State Public Works Board
0.23
 5.000
11/01/2029
734,877
City Of South Miami Health Facilities A
0.23
 5.000
08/15/2029
725,100
New York State Urban Development Corp
0.22
 5.000
03/15/2027
714,793
Illinois Finance Authority
0.22
 5.000
07/01/2027
703,716
City Of New York Ny
0.22
 5.000
04/01/2032
699,446
Commonwealth Of Massachusetts
0.22
 5.500
01/01/2027
691,674
State Of Illinois
0.22
 3.500
06/01/2029
690,475
Trinity River Authority Central Regiona
0.22
 5.000
08/01/2030
684,935
Pennsylvania Housing Finance Agency
0.21
 2.800
10/01/2031
677,784
New York State Dormitory Authority
0.21
 5.000
03/15/2028
677,634
New Jersey Health Care Facilities Finan
0.21
 5.000
07/01/2029
677,241
Washington Metropolitan Area Transit Au
0.21
 5.000
07/01/2031
665,803
Illinois State Toll Highway Authority
0.21
 5.000
01/01/2027
659,990
King County School District No 411 Issa
0.20
 4.000
12/01/2031
641,199
New York State Environmental Facilities
0.20
 5.000
06/15/2028
638,296
New Jersey Economic Development Authori
0.20
 5.000
06/15/2034
633,195
State Of Connecticut Special Tax Revenu
0.20
 5.000
05/01/2028
633,026
City Of San Antonio Tx Electric & Gas S
0.20
 5.000
02/01/2027
632,956
City Of Phoenix Civic Improvement Corp
0.20
 5.000
07/01/2029
625,636
State Of New York Mortgage Agency Homeo
0.19
 3.000
10/01/2031
618,599
City Of Dallas Tx Waterworks & Sewer Sy
0.19
 5.000
10/01/2031
613,167
Texas Municipal Gas Acquisition & Suppl
0.19
 5.000
12/15/2026
609,005
Virginia College Building Authority
0.19
 5.000
02/01/2027
608,291
State Of Maryland Department Of Transpo
0.19
 5.000
10/01/2026
608,180
State Of North Carolina
0.19
 5.000
05/01/2029
602,938
New York State Dormitory Authority
0.19
 5.000
02/15/2032
601,662
State Of Illinois Sales Tax Revenue
0.19
 4.000
06/15/2028
596,944
City Of Dallas Tx Waterworks & Sewer Sy
0.18
 5.000
10/01/2030
577,463
Alabama Public School And College Autho
0.18
 5.000
11/01/2031
575,767
Washington Metropolitan Area Transit Au
0.18
 5.000
07/01/2030
568,901
State Of California
0.17
 5.000
10/01/2027
555,792
Salt River Project Agricultural Improve
0.17
 5.000
01/01/2032
555,319
New York State Dormitory Authority
0.17
 5.000
03/15/2030
550,618
San Bernardino Community College Distri
0.17
 4.000
08/01/2049
550,001
Utah Transit Authority
0.17
 5.000
12/15/2030
549,680
City Of New York Ny
0.17
 5.000
11/01/2030
548,041
Utah Transit Authority
0.17
 5.000
06/15/2030
544,828
County Of Jefferson Al
0.17
 5.000
09/15/2028
543,102
City Of New York Ny
0.17
 5.000
08/01/2030
542,579
Southeast Energy Authority A Cooperativ
0.17
 5.500
10/01/2030
541,316
Miami Beach Redevelopment Agency
0.17
 5.000
02/01/2031
540,784
Rutherford Cty Health & Edu Fac Brd
0.17
 5.500
11/15/2048
540,769
Orange County Convention Center/Orlando
0.17
 5.000
10/01/2030
539,317
City Of New York Ny
0.17
 5.500
10/01/2031
538,736
Buckeye Tobacco Settlement Financing Au
0.17
 5.000
06/01/2032
537,937
New York City Industrial Development Ag
0.17
 5.000
03/01/2029
537,914
City Of Houston Tx
0.17
 5.500
03/01/2032
537,461
Chicago O'Hare International Airport
0.17
 5.000
01/01/2030
537,416
California Community Choice Financing A
0.17
 5.250
01/01/2054
536,449
City Of San Francisco Ca Public Utiliti
0.17
 5.500
11/01/2028
535,712
County Of Clark Department Of Aviation
0.17
 5.000
07/01/2029
534,773
Metropolitan Washington Airports Author
0.17
 5.000
10/01/2028
534,453
California Infrastructure & Economic De
0.17
 5.000
11/01/2029
534,139
Shelby County Health Educational & Hous
0.17
 5.500
09/01/2049
533,510
California Community Choice Financing A
0.17
 5.000
02/01/2054
533,355
Kentucky Public Energy Authority
0.17
 5.250
06/01/2055
531,702
State Of Maryland
0.17
 5.000
03/15/2028
530,577
Central Puget Sound Regional Transit Au
0.17
 5.000
11/01/2026
530,336
Austin Independent School District
0.17
 5.000
08/01/2028
529,220
Arizona Industrial Development Authorit
0.17
 5.500
11/01/2028
524,891
State Of California
0.16
 5.000
10/01/2027
524,332
California Health Facilities Financing
0.16
 5.000
11/01/2027
523,868
Grand River Dam Authority
0.16
 5.000
06/01/2031
523,825
Minneapolis-St Paul Metropolitan Airpor
0.16
 5.000
01/01/2030
522,849
Long Island Power Authority
0.16
 5.000
09/01/2026
522,446
Triborough Bridge & Tunnel Authority
0.16
 5.000
11/15/2027
521,996
State Of Michigan Trunk Line Revenue
0.16
 5.000
11/15/2027
521,934
Virginia Commonwealth Transportation Bo
0.16
 5.000
03/15/2027
521,879
County Of Miami-Dade Fl
0.16
 5.000
10/01/2029
521,244
Main Street Natural Gas Inc
0.16
 5.000
12/01/2052
520,006
Illinois Finance Authority
0.16
 5.000
01/01/2028
519,558
Tobacco Settlement Financing Corp
0.16
 5.000
06/01/2031
519,549
Tennessee Energy Acquisition Corp
0.16
 5.000
05/01/2053
519,173
City & County Of Honolulu Hi
0.16
 5.000
03/01/2027
518,355
New York State Urban Development Corp
0.16
 5.000
03/15/2027
517,966
State Of Maryland
0.16
 5.000
03/15/2028
517,957
Montgomery County Industrial Developmen
0.16
 5.500
10/01/2053
516,694
University Of Colorado
0.16
 4.000
06/01/2034
516,386
Commonwealth Of Massachusetts
0.16
 5.000
05/01/2027
516,379
New York State Dormitory Authority
0.16
 5.000
02/15/2027
516,376
American Municipal Power Inc
0.16
 5.000
02/15/2028
516,097
Ohio Turnpike & Infrastructure Commissi
0.16
 5.000
02/15/2031
515,840
Lower Colorado River Authority
0.16
 5.500
05/15/2027
515,720
Ohio Turnpike & Infrastructure Commissi
0.16
 5.000
02/15/2032
515,178
Commonwealth Of Massachusetts
0.16
 5.000
07/01/2027
514,351
Butler County Unified School District N
0.16
 4.000
09/01/2030
514,326
Central Florida Expressway Authority
0.16
 5.000
07/01/2027
513,834
Tennessee Energy Acquisition Corp
0.16
 5.625
09/01/2026
513,615
City Of New York Ny
0.16
 5.000
08/01/2027
512,494
California State Public Works Board
0.16
 5.000
09/01/2026
512,213
County Of Mecklenburg Nc
0.16
 4.000
04/01/2029
511,915
New Jersey Health Care Facilities Finan
0.16
 5.500
09/15/2026
511,634
New York City Transitional Finance Auth
0.16
 5.000
11/01/2026
509,948
City Of Colorado Springs Co Utilities S
0.16
 5.000
11/15/2026
509,566
Metropolitan Transportation Authority
0.16
 5.000
11/15/2026
509,424
County Of Cook Il
0.16
 5.000
11/15/2028
509,320
City Of Forsyth Mt
0.16
 3.875
07/01/2028
509,105
City Of Portland Or Sewer System Revenu
0.16
 5.000
12/01/2026
508,910
Boulder Larimer & Weld Counties St Vrai
0.16
 5.000
12/15/2035
508,354
New Jersey Transportation Trust Fund Au
0.16
 5.000
12/15/2026
508,221
State Of Colorado
0.16
 5.000
12/15/2026
508,141
Salt River Project Agricultural Improve
0.16
 5.000
01/01/2027
507,884
North Texas Tollway Authority
0.16
 5.000
01/01/2027
507,466
East County Advanced Water Purification
0.16
 3.125
09/01/2026
507,388
Michigan State Housing Development Auth
0.16
 5.500
04/01/2030
506,825
New York State Housing Finance Agency
0.16
 5.500
11/01/2063
506,352
California Community Choice Financing A
0.16
 4.000
05/01/2053
506,298
New York State Dormitory Authority
0.16
 5.000
02/15/2027
506,251
California Infrastructure & Economic De
0.16
 3.000
10/01/2047
506,063
New York State Housing Finance Agency
0.16
 3.800
11/01/2062
506,014
Main Street Natural Gas Inc
0.16
 4.000
08/01/2052
505,951
County Of Bexar Tx
0.16
 5.000
06/15/2027
505,514
California State University
0.16
 3.125
11/01/2051
505,229
Los Angeles Unified School District/Ca
0.16
 5.000
07/01/2030
504,491
Maryland Community Development Administ
0.16
 3.300
01/01/2029
504,038
Commonwealth Of Pennsylvania
0.16
 3.000
01/01/2031
503,294
State Of Maryland Department Of Transpo
0.16
 3.000
09/01/2031
502,479
Wisconsin Health & Educational Faciliti
0.16
 4.000
08/15/2031
502,316
California State Public Works Board
0.16
 3.000
09/01/2031
496,950
Foothill-Eastern Transportation Corrido
0.16
 --
01/01/2027
495,535
City Of San Antonio Tx Electric & Gas S
0.15
 3.150
02/01/2055
492,709
County Of Miami-Dade Fl
0.15
 --
10/01/2031
461,265
New York City Transitional Finance Auth
0.14
 5.000
11/01/2027
459,423
State Of Mississippi
0.14
 5.000
10/01/2029
449,569
New Jersey Transportation Trust Fund Au
0.14
 5.000
06/15/2030
441,056
Pennsylvania Housing Finance Agency
0.14
 3.200
10/01/2031
429,814
City Of New York Ny
0.13
 5.000
03/01/2027
424,727
Illinois State Toll Highway Authority
0.13
 5.000
01/01/2027
421,378
State Of Michigan
0.13
 3.000
05/01/2030
409,265
Commonwealth Of Massachusetts
0.13
 5.000
10/01/2026
408,897
State Of Connecticut Special Tax Revenu
0.12
 5.000
07/01/2031
385,282
County Of Wake Nc
0.12
 5.000
09/01/2026
384,146
Allegheny County Hospital Development A
0.12
 5.000
07/15/2030
381,280
University Of Utah/The
0.12
 5.000
08/01/2031
372,932
Michigan State Housing Development Auth
0.12
 3.100
12/01/2031
371,864
City Of Chicago Il
0.12
 5.000
01/01/2027
369,302
Canadian County Educational Facilities
0.10
 3.000
09/01/2029
332,170
Lancaster County School District/Sc
0.10
 3.250
03/01/2032
326,384
Long Island Power Authority
0.10
 5.000
09/01/2031
318,549
California Health Facilities Financing
0.10
 5.000
08/15/2031
310,828
Kentucky State Property & Building Comm
0.09
 5.000
10/01/2030
274,960
South Dakota Health & Educational Facil
0.08
 5.000
09/01/2030
265,122
New York State Housing Finance Agency
0.08
 2.500
11/01/2060
265,084
Texas Water Development Board
0.08
 5.000
04/15/2030
260,977
County Of Mecklenburg Nc
0.07
 2.000
12/01/2030
236,639
State Public School Building Authority
0.06
 5.000
06/01/2029
203,186
Jea Electric System Revenue
0.04
 5.000
10/01/2029
114,820
--
0.23
 --
--
715,357
Other/Cash
-0.02
 --
--
-52,972
← 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 07/31/2026

  • Sector

    % of Net Assets

  • State GO

    18.20

  • Local GO

    14.27

  • Tax

    10.35

  • Utilities - Other

    10.18

  • Hospitals

    7.00

  • Power

    6.55

  • Education

    6.20

  • Water & Sewer

    5.50

  • Leasing COPS & Appropriations

    4.86

  • Transportation

    4.47

  • Refunded

    3.29

  • Multi-Family Housing

    2.51

  • Toll & Turnpike

    2.07

  • Airport

    1.02

  • Misc

    0.94

  • Pollution Control

    0.92

  • Single Family Housing

    0.67

  • Industrial Development Revenue

    0.40

  • Unassigned

    0.26

  • Tobacco

    0.17

  • 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
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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