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VanEck Muni Suite

Target Exposures | Tax-Exempt Income | Low Cost 

VanEck’s suite of municipal income ETFs offers investors the ability to exercise control over their portfolio yield, duration, and credit exposure at different points in the interest rate cycle. The indices underlying each ETF target specific maturity ranges or credit exposures, resulting in distinct performance, yield and duration characteristics.

Actively Managed

Actively managed with a proprietary model that uses various objective, data-driven indicators in an attempt to identify periods of heightened credit and/or duration risks. The strategy seeks tax-exempt income and enhanced risk-adjusted total return by allocating among selected VanEck Vectors municipal bond ETFs.

MAAX Municipal Allocation ETF

Yield Curve Positioning

Our investment grade municipal ETF product offerings seek to track indices that reflect a unique segmentation of the investment grade municipal yield curve.

SMB AMT- Free Short Municipal Index ETF
ITM AMT-Free Intermediate Municipal Index ETF
MLN AMT-Free Long Municipal Index ETF

Credit Quality Focused

Our credit-focused municipal ETF product offerings seek to track indices that include both the highest yielding and the highest credit quality available.

SHYD Short High-Yield Municipal Index ETF
HYD High-Yield Municipal Index ETF

Smart Beta Approach

Intelligent index weighting rules that underweight CEFs trading at higher premiums and overweight those trading at wider discounts.

XMPT CEF Municipal Income ETF

Customized Municipal Exposures

Click plot points below for full index names and description

 

Source: VanEck Research. As of 03/31/19. The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment returns and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Index performance is not illustrative of fund performance. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. View Fund standardized performance  

ETFs Provide Low Cost Access to Munis

The fees of an investment vehicle are important; they affect an investor's ultimate return. The average net expense ratio of municipal bond ETFs was more than 50 bps lower as compared to municipal bond mutual funds and was more than 150 bps lower as compared to municipal bond closed-end funds. Many investors may prefer municipal bond ETFs for this reason.

 

Source: Morningstar. As of 03/31/19. Fees for municipal bond ETFs compared against the average net expense ratio of mutual funds and closed-end funds in the Morningstar Municipal Bond U.S. Category Group. There were 49 funds in the Muni ETF Category, 1, 850 funds in the Muni Mutual Fund Category, 147 funds in the Muni Closed-End Fund Category.

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