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SMB VanEck Vectors AMT-Free Short Municipal Index ETF

  • Fund Description

    The VanEck 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 Bloomberg 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.

  •  
      

    • 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 08/23/16

    • 30-Day SEC Yield1

      0.70%
    • Total Net Assets

      $286.6M
    • Number of Holdings

      732
    • Options

      Expected
    • Gross Expense Ratio2

      0.20%
    • Net Expense Ratio/TER2

      0.20%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      08/31/2016
  • 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) 0.32 0.68 1.86 2.29 1.63 1.57 -- 2.65
    SMB (Share Price) 0.37 0.85 2.09 2.41 1.61 1.64 -- 2.67
    LMT1TR (Index) 0.32 0.84 2.16 3.04 2.36 2.21 -- 3.26
    Performance Differential (NAV - Index) 0.00 -0.16 -0.30 -0.75 -0.73 -0.64 -- -0.61
    After Tax Held -- -- -- -- -- -- -- --
    After Tax Sold -- -- -- -- -- -- -- --
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    02/22/08
    SMB (NAV) 0.55 0.68 1.54 2.41 1.68 1.65 -- 2.64
    SMB (Share Price) 0.61 0.91 1.71 3.18 1.66 1.66 -- 2.66
    LMT1TR (Index) 0.68 0.90 1.83 3.16 2.42 2.29 -- 3.26
    Performance Differential (NAV - Index) -0.13 -0.22 -0.29 -0.75 -0.74 -0.64 -- -0.62
    After Tax Held 0.55 0.68 1.54 2.41 1.68 1.64 -- 2.63
    After Tax Sold 0.35 0.51 1.12 1.86 1.57 1.59 -- 2.45
  • 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
    08/01/2016 08/03/2016 08/05/2016 $0.0160 -- -- -- $0.0160
    07/01/2016 07/06/2016 07/08/2016 $0.0160 -- -- -- $0.0160
    06/01/2016 06/03/2016 06/07/2016 $0.0168 -- -- -- $0.0168
    05/02/2016 05/04/2016 05/06/2016 $0.0163 -- -- -- $0.0163
    04/01/2016 04/05/2016 04/07/2016 $0.0168 -- -- -- $0.0168
    03/01/2016 03/03/2016 03/07/2016 $0.0158 -- -- -- $0.0158
    02/01/2016 02/03/2016 02/05/2016 $0.0170 -- -- -- $0.0170
    12/29/2015 12/31/2015 01/05/2016 $0.0170 -- -- -- $0.0170
    12/01/2015 12/03/2015 12/07/2015 $0.0164 -- -- -- $0.0164
    11/02/2015 11/04/2015 11/06/2015 $0.0175 -- -- -- $0.0175
    10/01/2015 10/05/2015 10/07/2015 $0.0168 -- -- -- $0.0168
    09/01/2015 09/03/2015 09/08/2015 $0.0167 -- -- -- $0.0167
    08/03/2015 08/05/2015 08/07/2015 $0.0165 -- -- -- $0.0165
    07/01/2015 07/06/2015 07/08/2015 $0.0162 -- -- -- $0.0162
    06/01/2015 06/03/2015 06/05/2015 $0.0166 -- -- -- $0.0166
    05/01/2015 05/05/2015 05/07/2015 $0.0160 -- -- -- $0.0160
    04/01/2015 04/06/2015 04/08/2015 $0.0166 -- -- -- $0.0166
    03/02/2015 03/04/2015 03/06/2015 $0.0150 -- -- -- $0.0150
    02/02/2015 02/04/2015 02/06/2015 $0.0169 -- -- -- $0.0169
    12/29/2014 12/31/2014 01/05/2015 $0.0169 -- -- -- $0.0169
    12/01/2014 12/03/2014 12/05/2014 $0.0160 -- -- -- $0.0160
    11/03/2014 11/05/2014 11/07/2014 $0.0171 -- -- -- $0.0171
    10/01/2014 10/03/2014 10/07/2014 $0.0162 -- -- -- $0.0162
    09/02/2014 09/04/2014 09/08/2014 $0.0174 -- -- -- $0.0174
    08/01/2014 08/05/2014 08/07/2014 $0.0175 -- -- -- $0.0175
    07/01/2014 07/03/2014 07/08/2014 $0.0169 -- -- -- $0.0169
    06/02/2014 06/04/2014 06/06/2014 $0.0178 -- -- -- $0.0178
    05/01/2014 05/05/2014 05/07/2014 $0.0180 -- -- -- $0.0180
    04/01/2014 04/03/2014 04/07/2014 $0.0184 -- -- -- $0.0184
    03/03/2014 03/05/2014 03/07/2014 $0.0202 -- -- -- $0.0202
    02/03/2014 02/05/2014 02/07/2014 $0.0205 -- -- -- $0.0205
    12/27/2013 12/31/2013 01/03/2014 $0.0209 -- -- -- $0.0209
    12/02/2013 12/04/2013 12/06/2013 $0.0203 -- -- -- $0.0203
    11/01/2013 11/05/2013 11/07/2013 $0.0232 -- -- -- $0.0232
    10/01/2013 10/03/2013 10/07/2013 $0.0198 -- -- -- $0.0198
    09/03/2013 09/05/2013 09/09/2013 $0.0204 -- -- -- $0.0204
    08/01/2013 08/05/2013 08/07/2013 $0.0194 -- -- -- $0.0194
    07/01/2013 07/03/2013 07/08/2013 $0.0195 -- -- -- $0.0195
    06/03/2013 06/05/2013 06/07/2013 $0.0200 -- -- -- $0.0200
    05/01/2013 05/03/2013 05/07/2013 $0.0200 -- -- -- $0.0200
    04/01/2013 04/03/2013 04/05/2013 $0.0204 -- -- -- $0.0204
    03/01/2013 03/05/2013 03/07/2013 $0.0186 -- -- -- $0.0186
    02/01/2013 02/05/2013 02/07/2013 $0.0202 -- -- -- $0.0202
    12/27/2012 12/31/2012 01/03/2013 $0.0213 -- $0.0110 -- $0.0323
    12/03/2012 12/05/2012 12/07/2012 $0.0205 -- -- -- $0.0205
    11/01/2012 11/05/2012 11/07/2012 $0.0210 -- -- -- $0.0210
    10/01/2012 10/03/2012 10/05/2012 $0.0213 -- -- -- $0.0213
    09/04/2012 09/07/2012 09/10/2012 $0.0226 -- -- -- $0.0226
    08/01/2012 08/03/2012 08/07/2012 $0.0234 -- -- -- $0.0234
    07/02/2012 07/05/2012 07/09/2012 $0.0233 -- -- -- $0.0233
    06/01/2012 06/05/2012 06/07/2012 $0.0245 -- -- -- $0.0245
    05/01/2012 05/03/2012 05/07/2012 $0.0243 -- -- -- $0.0243
    04/02/2012 04/04/2012 04/09/2012 $0.0258 -- -- -- $0.0258
    03/01/2012 03/05/2012 03/07/2012 $0.0248 -- -- -- $0.0248
    02/01/2012 02/03/2012 02/07/2012 $0.0265 -- -- -- $0.0265
    12/28/2011 12/30/2011 01/04/2012 $0.0279 -- $0.0002 -- $0.0281
    12/01/2011 12/05/2011 12/07/2011 $0.0270 -- -- -- $0.0270
    11/01/2011 11/03/2011 11/07/2011 $0.0270 -- -- -- $0.0270
    10/03/2011 10/05/2011 10/07/2011 $0.0270 -- -- -- $0.0270
    09/01/2011 09/06/2011 09/08/2011 $0.0282 -- -- -- $0.0282
    08/01/2011 08/03/2011 08/05/2011 $0.0290 -- -- -- $0.0290
    07/01/2011 07/06/2011 07/08/2011 $0.0268 -- -- -- $0.0268
    06/01/2011 06/03/2011 06/07/2011 $0.0290 -- -- -- $0.0290
    05/02/2011 05/04/2011 05/06/2011 $0.0275 -- -- -- $0.0275
    04/01/2011 04/05/2011 04/07/2011 $0.0330 -- -- -- $0.0330
    03/01/2011 03/03/2011 03/07/2011 $0.0281 -- -- -- $0.0281
    02/01/2011 02/03/2011 02/07/2011 $0.0310 -- -- -- $0.0310
    12/29/2010 12/31/2010 01/05/2011 $0.0300 $0.0210 $0.0370 -- $0.0880
    12/01/2010 12/03/2010 12/07/2010 $0.0280 -- -- -- $0.0280
    11/01/2010 11/03/2010 11/05/2010 $0.0290 -- -- -- $0.0290
    10/01/2010 10/05/2010 10/07/2010 $0.0290 -- -- -- $0.0290
    09/01/2010 09/03/2010 09/08/2010 $0.0300 -- -- -- $0.0300
    08/02/2010 08/04/2010 08/06/2010 $0.0300 -- -- -- $0.0300
    07/01/2010 07/06/2010 07/08/2010 $0.0290 -- -- -- $0.0290
    06/01/2010 06/03/2010 06/07/2010 $0.0300 -- -- -- $0.0300
    05/03/2010 05/05/2010 05/07/2010 $0.0300 -- -- -- $0.0300
    04/01/2010 04/06/2010 04/08/2010 $0.0300 -- -- -- $0.0300
    03/01/2010 03/03/2010 03/05/2010 $0.0280 -- -- -- $0.0280
    02/01/2010 02/03/2010 02/05/2010 $0.0300 -- -- -- $0.0300
    12/29/2009 12/31/2009 01/05/2010 $0.0325 -- -- -- $0.0325
    12/01/2009 12/03/2009 12/07/2009 $0.0310 -- -- -- $0.0310
    11/02/2009 11/04/2009 11/06/2009 $0.0320 -- -- -- $0.0320
    10/01/2009 10/05/2009 10/07/2009 $0.0300 -- -- -- $0.0300
    09/01/2009 09/03/2009 09/08/2009 $0.0315 -- -- -- $0.0315
    08/03/2009 08/05/2009 08/07/2009 $0.0360 -- -- -- $0.0360
    07/01/2009 07/06/2009 07/08/2009 $0.0340 -- -- -- $0.0340
    06/01/2009 06/03/2009 06/05/2009 $0.0350 -- -- -- $0.0350
    05/01/2009 05/05/2009 05/07/2009 $0.0370 -- -- -- $0.0370
    04/01/2009 04/03/2009 04/07/2009 $0.0400 -- -- -- $0.0400
    03/02/2009 03/04/2009 03/06/2009 $0.0360 -- -- -- $0.0360
    02/02/2009 02/04/2009 02/06/2009 $0.0380 -- -- -- $0.0380
    12/26/2008 12/30/2008 01/06/2009 $0.0370 -- -- -- $0.0370
    12/01/2008 12/03/2008 12/05/2008 $0.0450 -- -- -- $0.0450
    11/03/2008 11/05/2008 11/07/2008 $0.0340 -- -- -- $0.0340
    10/01/2008 10/03/2008 10/07/2008 $0.0367 -- -- -- $0.0367
    09/02/2008 09/04/2008 09/09/2008 $0.0393 -- -- -- $0.0393
    08/01/2008 08/05/2008 08/07/2008 $0.0377 -- -- -- $0.0377
    07/01/2008 07/03/2008 07/08/2008 $0.0367 -- -- -- $0.0367
    06/02/2008 06/04/2008 06/06/2008 $0.0400 -- -- -- $0.0400
    05/01/2008 05/05/2008 05/07/2008 $0.0100 -- -- -- $0.0100
    04/01/2008 04/03/2008 04/08/2008 $0.0687 -- -- -- $0.0687
    *All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck Vectors 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 Vectors 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.Click here to access more detailed yearend tax information.
  • Calendar Year Returns (%) as of 12/31/2015

  • NAV History
    as of 07/31/16

  • Best & Worst
    Quarter Returns (%)
    as of 06/30/16

    • Best quarter

      3Q'09+3.16%
    • Worst quarter

      4Q'10-1.85%
    Best & Worst Quarter Returns are based on NAV, reflect the period since the Fund's inception, and are updated quarterly.