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MLN VanEck Vectors AMT-Free Long Municipal Index ETF

  • Fund Description

    The VanEck Vectors AMT-Free Long Municipal Index ETF (MLN®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays AMT-Free Long Continuous Municipal Index (LMT3TR), which is intended to track the overall performance of the U.S. dollar denominated long-term tax-exempt bond market.

  •  
      

    • Fund Ticker

      MLN
    • Exchange

      NYSE Arca
    • Commencement

      01/02/2008
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      LMT3TR
    • Index Rebalancing

      Monthly
  •  
    as of 05/05/16

    • 30-Day SEC Yield1

      2.50%
    • Total Net Assets

      $161.8M
    • Number of Holdings

      314
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      05/31/2016
  • Morningstar™ Ratings3
    as of 4/30/16

    Category Overall 3 Year 5 Year
    Muni National Long
        
    4 stars of 185 Funds
        
    4 stars of 185 Funds
        
    4 stars of 175 Funds
  • Key Points

    • Tax-Free Yield
      Income generally exempt from federal taxes and the Alternative Minimum Tax (AMT)

    • Targeted Interest Rate Risk
      Designed to track an index of long-duration municipal bonds

    • Quality
      Investment-grade index constituents with high overall credit quality
  • Yields
    as of 05/05/16

    • 30-Day SEC Yield1

      2.50%
    • Distribution Yield1

      2.94%
    • 12-Month Yield1

      3.20%
    • Taxable Equivalent 30-Day SEC Yields1a

      --
    • 15% Federal Tax Rate

      2.94%
    • 25% Federal Tax Rate

      3.33%
    • 28% Federal Tax Rate

      3.47%
    • 33% Federal Tax Rate

      3.73%
    • 39.6% Federal Tax Rate

      4.14%
     1/1a See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.24%
    • Other Expenses

      0.00%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.24%
    • Fee Waivers and
      Expense Reimbursement

      0.00%
    • Net Expense Ratio/TER2

      0.24%
    2The investment management agreement between VanEck Vectors ETF Trust (the “Trust”) and Van Eck Associates Corporation (the “Adviser”) provides that the Adviser will pay all expenses of the Fund, except for the fee payment under the investment management agreement, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio." See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      MLN
    • Index Total Return Ticker

      LMT3TR
    • NAV

      MLNNV
    • Intraday NAV (IIV)5

      MLNIV
    • Shares Outstanding

      7,900,000
    • Estimated Cash

      MLNEU
    • Total Cash

      MLNTC
    • CUSIP

      92189F536
    • ISIN

      US92189F5364
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 05/05/16

    • Yield to Worst

      2.70%
    • Yield to Maturity

      3.79%
    • Effective Duration (yrs)

      10.94
    • Duration to Worst (yrs)

      6.57
    • Modified Duration (yrs)

      9.99
    • Spread Duration (yrs)

      9.55
    • Years to Maturity

      23.78
    • Coupon

      4.66%
     4 See Important Disclosure for definitions.
  • Prices as of 05/05/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    MLN $20.47
    $20.56
    57,644
    51,327
    $0.02 / +0.11%
    $0.02 / +0.10%
    +3.9%
    +4.3%
    $0.09
    0.42%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    01/02/08
    MLN (NAV) 1.20 2.07 3.73 7.80 4.03 7.32 -- 4.52
    MLN (Share Price) 1.50 2.41 4.18 8.38 4.33 7.53 -- 4.59
    LMT3TR (Index) 1.23 2.30 3.72 8.46 5.16 8.18 -- 5.98
    Performance Differential (NAV - Index) -0.03 -0.23 0.01 -0.66 -1.13 -0.86 -- -1.46
    After Tax Held 1.20 2.07 3.73 7.80 4.03 7.32 -- 4.52
    After Tax Sold 0.79 1.50 2.57 5.90 3.93 6.64 -- 4.40
    Quarter End as of 03/31/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    01/02/08
    MLN (NAV) 0.87 2.50 2.50 5.22 4.31 7.63 -- 4.41
    MLN (Share Price) 0.77 2.65 2.65 5.38 4.62 7.92 -- 4.45
    LMT3TR (Index) 1.01 2.46 2.46 5.84 5.34 8.46 -- 5.89
    Performance Differential (NAV - Index) -0.14 0.04 0.04 -0.62 -1.03 -0.83 -- -1.48
    After Tax Held 0.87 2.50 2.50 5.22 4.31 7.63 -- 4.41
    After Tax Sold 0.59 1.75 1.75 4.43 4.16 6.91 -- 4.32
  • Daily Holdings »Top 10 Holdings (%)as of 04/30/16

    Total Holdings: 309
    Issuer Name
    StateWeighting (%)
    California St For Previous Issues See 13063B
    CA
    4.40
    South Carolina St Pub Svc Auth Rev For Issues Dated Pri
    SC
    2.05
    Metropolitan Transn Auth N Y Rev For Issues Dtdprior To
    NY
    2.01
    Texas Transn Commn Cent Tex Tpk Sys Rev
    TX
    1.97
    New York Liberty Dev Corp Liberty Rev
    NY
    1.64
    Illinois Fin Auth Rev For Issues Dtd Prior To 02/03/11
    IL
    1.53
    Louisiana Loc Govt Environmental Facs & Cmnty Dev Auth
    LA
    1.47
    California St For Previous Issues See 13063A Foraddl Is
    CA
    1.44
    California St Pub Wks Brd Lease Rev For Issues Dtd Prio
    CA
    1.44
    New Jersey St Tpk Auth Tpk Rev
    NJ
    1.38
    Top 10 Total (%)19.33

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Geographical Weightings (%) as of 04/30/16

    • State

      % of Net Assets
    • California

      18.8
    • New York

      13.0
    • Texas

      9.9
    • Florida

      6.1
    • Massachusetts

      4.4
    • Pennsylvania

      4.0
    • Illinois

      3.4
    • New Jersey

      3.2
    • Washington

      2.9
    • Ohio

      2.5
    • South Carolina

      2.5
    • Colorado

      2.2
    • Alabama

      2.0
    • Nebraska

      1.9
    • Arizona

      1.9
    • Louisiana

      1.7
    • Nevada

      1.7
    • Missouri

      1.7
    • Michigan

      1.6
    • District of Columbia

      1.3
    • Other

      13.0
  • Currency Exposure (%)
    as of 04/30/16

    • U.S. Dollar

      99.48
    • Other/Cash

      0.52
  • Sector Weightings (%) as of 04/30/16

    • Sector

      % of Net Assets
    • Health Care

      19.2
    • Transportation

      13.7
    • Water & Sewer

      11.1
    • State

      10.1
    • Local

      9.8
    • Special Tax

      9.6
    • Education

      9.6
    • Power

      8.5
    • Leasing

      5.0
    • Industrial Revenue

      3.2
    • Housing

      0.4
  • Credit Quality (%)
    as of 04/30/16

    Composite % of Net Assets
    Investment Grade AAA 4.74
    AA 51.55
    A 36.76
    BBB 6.95
    Total Investment Grade -- 100.00
    Barclays Composite Rating: A blend of a security's Moody's, S&P, and Fitch ratings. If all three agencies rate the security, the middle rating is taken. If only two agencies rate a security, the lower rating is taken. If only one agency rates a security, that rating is used. Not rated indicates that a security is rated by fewer than one of the three rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 04/30/16

    Average Portfolio Maturity: 23.77 Years