Asset Class: Bonds - Municipal
Market Vectors–Lehman Brothers AMT-Free Short Municipal (SMB) ETF Snapshot
THe Market Vectors Short Municipal Index ETF (SMB) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays Capital AMT-Free Short Continuous Municipal Index . The Index provides broad exposure to investment-grade municipal bonds with a nominal maturity of 1-6 years.
* Trading Characteristics Definitions Spread : The average dollar difference between the best bid and best offer across all exchanges for the specified time period, weighted by volume. *Spread : Is the monthly average of the daily spread. % Spread : The average spread amount divided by the average bid-ask midpoint, weighted by volume. Share Volume : Composite Volume - total number of shares traded on all exchanges and Nasdaq. Dollar Volume : Dollar amount of shares traded on each exchange for the specified symbol, based on the stocks average price for the time period specified.