VanEck HIP Sustainable Muni ETF

Frequently Asked Questions About SMI

What does SMI invest in?

The fund normally invests at least 80% of its total assets in investments the income from which is exempt from U.S. federal income tax. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, in investment grade municipal debt securities that fund issuers with operations or projects helping to promote progress towards sustainable development, in alignment with the goals and metrics defined by the United Nations Sustainable Development Goals (“SDGs”) 9, 11 and 12. The fund is non-diversified.

What is the expense ratio of SMI?

VanEck HIP Sustainable Muni ETF (SMI) charges an expense ratio of 0.24%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SMI?

VanEck HIP Sustainable Muni ETF (SMI) manages $11.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SMI actively managed or an index fund?

SMI is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SMI's is 0.24%) in exchange for the discretion to over- or under-weight positions.

When was SMI launched?

VanEck HIP Sustainable Muni ETF (SMI) launched in September 2021 and is managed by VanEck.

How has SMI performed?

SMI's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.