ATLASVanEck Short Muni ETF (SMB): outlook, holdings and fees
VanEck Short Muni ETF (SMB) is an exchange-traded fund and is managed by VanEck. The expense ratio is 0.07% and the yield is 2.86%. The ten largest holdings are 7% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SMB
| Last price | $17.20 (+0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 57% |
| Likely 1-month range (50%) | $16.95 – $17.64 |
| Normal 1-day range (±1σ) | ±0.7% |
| Distribution yield | 2.86% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SMB fund facts
| Issuer | VanEck |
|---|---|
| Theme | Inverse (short) |
| Assets under management | $370M |
| Expense ratio | 0.07% |
| Number of holdings | 10 |
| Portfolio turnover | 20% |
| Inception | Feb 22, 2008 |
| Exchange | CBOE |
The fund normally invests at least 80% of its total assets in fixed income securities that comprise the index. The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short-term tax-exempt bond market.
SMB top holdings
| Holding | Sector | Weight |
|---|---|---|
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | – | 1.10% |
| MARYLAND ST 5% | – | 1.04% |
| CENTRAL PLAINS ENERGY PROJ NEB GAS SUPPLY REV 4% | – | 0.75% |
| CONROE TEX INDPT SCH DIST 5% | – | 0.68% |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% | – | 0.70% |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV 4% | – | 0.64% |
| PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 4% | – | 0.64% |
| GEORGIA ST 5% | – | 0.59% |
| PEFA INC IOWA GAS PROJ REV 5% | – | 0.59% |
| CALIFORNIA ST 5% | – | 0.58% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SMB returns and risk
| Year to date | -0.1% |
|---|---|
| 1 year | +0.7% |
| 3 years (annualised) | +3.4% |
| 5 years (annualised) | +1.1% |
| 10 years (annualised) | +1.4% |
| Volatility (3 years) | 2.3% |
| Sharpe ratio (3 years) | -0.68 |
Past returns do not guarantee future results.
SMB: frequently asked questions
What does SMB invest in?
VanEck Short Muni ETF invests in a portfolio of securities. Its largest holdings are MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% (1.1%), MARYLAND ST 5% (1.0%), CENTRAL PLAINS ENERGY PROJ NEB GAS SUPPLY REV 4% (0.7%), CONROE TEX INDPT SCH DIST 5% (0.7%), NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5% (0.7%).
What is the SMB expense ratio?
0.07% a year: about $7.00 for every $10,000 invested.
What is the SMB dividend yield?
2.86%. ATLAS does not hold the exact distribution dates for ETFs.
Will SMB go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 57%, with a likely range (50%) of $16.95 to $17.64 from $17.20 today. It is a probability, not a prediction.
How has SMB performed?
Year to date -0.1%, one year +0.7%, three years +3.4% a year, five years +1.1% a year. Past returns do not guarantee future results.
Similar ETFs: Inverse (short)
- First Trust Long/Short Equity ETF (FTLS)
- Direxion Daily Semiconductor Bear 3X Shares (SOXS)
- ProShares UltraPro Short QQQ (SQQQ)
- FlexShares Ultra-Short Income Fund (RAVI)
- Convergence Long/Short Equity ETF (CLSE)
- ProShares Short S&P 500 (SH)
- BNY Mellon Ultra Short Income ETF (BKUI)
- VanEck Short High Yield Muni ETF (SHYD)
Educational information, not investment advice. Disclaimer