SMI
VanEck HIP Sustainable Muni ETF
SMI
VanEck HIP Sustainable Muni ETF
-
NAV
$45.55
as of June 02, 2023 -
YTD RETURNS
1.39%
as of June 02, 2023 -
Total Net Assets
$18.22M
as of June 02, 2023 -
Net Expense Ratio
0.24% -
Inception Date
09/08/2021
SMI Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2023. “Other Expenses” have been restated to reflect current fees.
Fund Description
The VanEck HIP Sustainable Muni ETF (SMI) is an actively managed exchange-traded fund (“ETF”) that seeks current income generally exempt from federal income tax by investing in investment grade municipal debt securities that have been issued to fund operations or projects that support or advance sustainable development, as well as promote positive social and environmental outcomes.
Overview
Fund Highlights
- Broad muni exposure with a focus on sustainability
- Core portfolio of investment-grade tax-exempts with intermediate duration
- Managed to maximize sustainability exposure while seeking to maintain benchmark characteristics