VanEck HIP Sustainable Muni ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$46.42
- Net Assets:$0 Million
- NAV:$46.4
- Premium0.04%
- Peer Rank:5 of 116
- Investment Rating:B-
- Performance:C+
- RiskB-
We rate VanEck HIP Sustainable Muni at B-. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a low price volatility and low expense structure. The fund may be considered for investors seeking a Municipal - National strategy.
New Fund off to good start in the last year. The VanEck HIP Sustainable Muni has returned an annual rate of -1.48% since inception. More recently, the fund has generated a total return of 5.46% in the last year, 4.45% in the last six months, and 1.98% in the last three months. How does that compare to other equity funds? In the last year, it has outperformed 43% of them for the period ending 2/29/2024. On a year to date basis, SMI has returned 0.28%.
Downside risk has been below average. SMI has a draw down risk of -13.99%, which is the largest price decline experienced since the inception of the fund. This fund has a one year standard deviation of 7.4%. This fund has had very little volatility in its monthly performance over the last 12 months.
Low expense ratio helps performance. As SMI is an exchange traded fund, it has no front end or back end load.
The VanEck HIP Sustainable Muni is managed by James T. Colby, III at Van Eck Associates Corp. This fund is one of 54 Van Eck Associates Corp exchange-traded funds launched since 5/16/2006 that we track.