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Long Municipal Index ETF MLN

  • Full Name: Market Vectors®
    Long Municipal Index ETF (MLN)

    Management Style: Sampling

    Underlying Index: The Barclays AMT-Free Long Continuous Municipal Index (LMT3TR)

    Index Provider: Barclays

    Index Description: LMT3TR is a market value weighted index designed to replicate the price movements of long-duration bonds with a nominal maturity of 17 years or more.

  •  
      

    • 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 09/15/14

    • 30-Day SEC Yield1

      3.37%
    • Total Net Assets

      $86.2M
    • Number of Holdings

      154
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2014
  • Morningstar™ Ratings3
    as of 7/31/14

    Category Overall 3 Year 5 Year
    Muni National Long
        
    4 stars of 235 Funds
        
    4 stars of 235 Funds
        
    4 stars of 213 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 09/15/14

    • 30-Day SEC Yield1

      3.37%
    • Distribution Yield1

      3.85%
    • 12-Month Yield1

      4.01%
    • Taxable Equivalent 30-Day SEC Yields1a

    • Federal Tax Rate of 15%

      3.97%
    • Federal Tax Rate of 25%

      4.50%
    • Federal Tax Rate of 28%

      4.69%
    • Federal Tax Rate of 33%

      5.04%
    • Federal Tax Rate of 39.6%

      5.59%
     1/1a See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.24%
    • Other Expenses

      --
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.24%
    • Fee Waivers and
      Expense Reimbursement

      --
    • Net Expense Ratio/TER2

      0.24%
    2The investment management agreement between Market 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". 
  • Trading Information

    • Fund Ticker

      MLN
    • Index Total Return Ticker

      LMT3TR
    • NAV

      MLNNV
    • Intraday NAV (IIV)5

      MLNIV
    • Shares Outstanding

      4,450,000
    • Estimated Cash

      MLNEU
    • Total Cash

      MLNTC
    • CUSIP

      57060U886
    • ISIN

      US57060U8861
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 09/15/14

    • Yield to Worst

      3.66%
    • Yield to Maturity

      4.33%
    • Effective Duration (yrs)

      13.01
    • Modified Duration (yrs)

      13.32
    • Duration to Worst (yrs)

      6.91
    • Spread Duration (yrs)

      8.57
    • Years to Maturity

      24.72
    • Coupon

      4.84%
     4 See Important Disclosure for definitions.
  • Prices as of 09/15/2014

    TickerNAV/
    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 $19.36
    $19.33
    26,609
    26,609
    $0.01 / +0.04%
    $0.04 / +0.21%
    + 10.8%
    + 12.1%

    $-0.03
    -0.18%
  • 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) 2.31 2.04 13.24 16.96 6.23 6.29 -- 4.10
    MLN (Share Price) 2.21 2.09 14.78 19.78 6.79 6.19 -- 4.12
    LMT3TR (Index) 2.19 2.56 13.26 17.25 7.36 7.29 -- 5.76
    Performance Differential (NAV - Index) 0.12 -0.52 -0.02 -0.29 -1.13 -1.00 -- -1.66
    After Tax Held -- -- -- 16.96 -- 6.29 -- 4.10
    After Tax Sold -- -- -- 11.59 -- 5.88 -- 4.11
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    01/02/08
    MLN (NAV) 0.08 4.09 11.06 8.38 6.83 6.87 -- 3.90
    MLN (Share Price) 0.03 4.32 12.46 10.80 7.01 7.13 -- 3.90
    LMT3TR (Index) 0.19 4.34 10.65 8.92 7.77 7.96 -- 5.53
    Performance Differential (NAV - Index) -0.11 -0.25 0.41 -0.54 -0.94 -1.09 -- -1.63
    After Tax Held -- -- -- 8.38 -- 6.87 -- 3.90
    After Tax Sold -- -- -- 6.61 -- 6.38 -- 3.96
  • View All Holdings »Top 10 Holdings (%)as of 08/31/14

    Total Holdings: 150
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    State
    Currency
    % of Net
    Assets
    City Of Tampa Fl
    5.000
    11/15/2033
    AA
    FL
    USD
    1.70
    New York Liberty Development Corp
    5.750
    11/15/2051
    A
    NY
    USD
    1.63
    Nj Transportation Trust Fund Authority
    5.000
    06/15/2042
    A
    NJ
    USD
    1.42
    Ohio Higher Educational Facility Commis
    5.000
    01/01/2038
    AA-
    OH
    USD
    1.34
    Lower Colorado River Authority
    5.000
    05/15/2039
    A
    TX
    USD
    1.34
    Illinois Finance Authority
    4.000
    06/01/2047
    AA
    IL
    USD
    1.22
    Metropolitan Transportation Authority
    3.500
    11/15/2032
    A
    NY
    USD
    1.21
    Arizona Health Facilities Authority
    3.750
    01/01/2039
    AA-
    AZ
    USD
    1.17
    State Of Oregon
    5.000
    08/01/2043
    AA+
    OR
    USD
    1.11
    Orange County Health Facilities Authori
    5.000
    10/01/2042
    A-
    FL
    USD
    1.09
    Top 10 Total (%)13.23

    These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Geographical Weightings (%)
    as of 08/31/14

    • State

      % of Net Assets
    • NY

      19.3
    • CA

      10.0
    • IL

      8.8
    • FL

      8.2
    • TX

      5.9
    • WA

      4.7
    • PA

      4.2
    • NJ

      3.9
    • MA

      3.6
    • OH

      3.4
    • NC

      2.6
    • IN

      2.5
    • MI

      2.4
    • CO

      2.4
    • AZ

      2.1
    • GA

      2.1
    • SC

      2.1
    • VA

      2.0
    • NV

      1.2
    • OR

      1.1
    • Other

      7.5
  • Currency Exposure (%)
    as of 08/31/14

    • U.S. Dollar

      99.67
    • Other

      0.33
    • Total

      100.00
  • Sector Weightings (%)
    as of 08/31/14

    • Sector

      % of Net Assets
    • Health Care Facilities

      28.2
    • Transportation

      12.9
    • State General

      9.4
    • Education

      9.4
    • Special Tax

      9.2
    • IDR/PCR

      7.5
    • Water Utilities

      6.9
    • Leasing

      6.6
    • Power Utilities

      6.2
    • Local General

      3.8
  • Credit Quality (%)
    as of 08/31/14

    Composite % of Net Assets
    Investment Grade AAA 4.35
    AA 37.99
    A 47.95
    BBB 4.25
    Non-Investment Grade BB 1.49
    Total Investment Grade 94.55
    Total Non-Investment Grade 1.49
    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 08/31/14

    Average Portfolio Maturity: 24.63 Years