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PRB Market Vectors Pre-Refunded Municipal Index ETF

  • Fund Description

    The Market Vectors® Pre-Refunded Municipal Index ETF (PRB®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays Municipal Pre-Refunded-Treasury-Escrowed Index (LMPETR), which is intended to track the overall performance of the U.S. dollar denominated pre-refunded or escrowed-tomaturity tax-exempt bond market.

  •  
      

    • Fund Ticker

      PRB
    • Exchange

      NYSE Arca
    • Commencement

      02/02/2009
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      LMPETR
    • Index Rebalancing

      Monthly
  •  
    as of 02/09/16

    • 30-Day SEC Yield1

      0.73%
    • Total Net Assets

      $19.8M
    • Number of Holdings

      71
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
  • Key Points

    • Tax-Free Yields with the Security of Treasuries
      Yields typically exceeding those of Treasuries on taxable-equivalent basis, and income generally exempt from federal taxes and AMT-free constituents

    • High Credit Quality and Liquidity
      Most liquid segment of municipal bond market with the highest credit quality available*

    • Limited Interest Rate Risk
      Designed to track an index of relatively short maturity municipal bonds

    • *Issuers often choose not to pay to have a pre-refunded bond re-rated by a national rating agency such as Moody’s, S&P or Fitch. Pre-refunded bonds are typically considered the highest quality available in the muni market because the collateral carries the full faith and credit of the U.S. Treasury.
  • Yields
    as of 02/09/16

    • 30-Day SEC Yield1

      0.73%
    • Distribution Yield1

      0.89%
    • 12-Month Yield1

      0.74%
    • Taxable Equivalent 30-Day SEC Yields1a

      --
    • 15% Federal Tax Rate

      0.86%
    • 25% Federal Tax Rate

      0.98%
    • 28% Federal Tax Rate

      1.02%
    • 33% Federal Tax Rate

      1.09%
    • 39.6% Federal Tax Rate

      1.21%
     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 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." See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      PRB
    • Index Total Return Ticker

      LMPETR
    • NAV

      PRBNV
    • Intraday NAV (IIV)5

      PRBIV
    • Shares Outstanding

      800,000
    • Estimated Cash

      PRBEU
    • Total Cash

      PRBTC
    • CUSIP

      57060U738
    • ISIN

      US57060U7384
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 02/09/16

    • Yield to Worst

      0.77%
    • Yield to Maturity

      0.77%
    • Effective Duration (yrs)

      2.61
    • Duration to Worst (yrs)

      2.60
    • Modified Duration (yrs)

      2.69
    • Spread Duration (yrs)

      2.69
    • Years to Maturity

      3.00
    • Coupon

      5.17%
     4 See Important Disclosure for definitions.
  • Prices as of 02/09/16

    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
    PRB $24.80
    $24.67
    1,317
    2,030
    $0.00 / +0.01%
    $-0.01 / -0.04%
    +0.9%
    +0.7%
    $-0.13
    -0.51%
  • 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
    02/02/09
    PRB (NAV) -0.17 -0.19 0.74 0.74 -0.10 1.07 -- 1.13
    PRB (Share Price) 0.31 0.05 1.95 1.95 -0.10 1.04 -- 1.10
    LMPETR (Index) -0.03 -0.05 0.92 0.92 0.85 1.46 -- 1.64
    Performance Differential (NAV - Index) -0.14 -0.14 -0.18 -0.18 -0.95 -0.39 -- -0.51
    After Tax Held -0.17 -0.19 0.74 0.74 -0.10 1.06 -- 1.13
    After Tax Sold -0.07 -0.01 0.71 0.71 0.15 1.09 -- 1.15
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    02/02/09
    PRB (NAV) -0.17 -0.19 0.74 0.74 -0.10 1.07 -- 1.13
    PRB (Share Price) 0.31 0.05 1.95 1.95 -0.10 1.04 -- 1.10
    LMPETR (Index) -0.03 -0.05 0.92 0.92 0.85 1.46 -- 1.64
    Performance Differential (NAV - Index) -0.14 -0.14 -0.18 -0.18 -0.95 -0.39 -- -0.51
    After Tax Held -0.17 -0.19 0.74 0.74 -0.10 1.06 -- 1.13
    After Tax Sold -0.07 -0.01 0.71 0.71 0.15 1.09 -- 1.15
  • Daily Holdings »Top 10 Holdings (%)as of 01/31/16

    Total Holdings: 71
    Issuer Name
    State Weighting (%)
    Illinois Fin Auth Rev For Issues Dtd Prior To 09/27/07
    IL
    7.92
    Fort Worth Tex Indpt Sch Dist
    TX
    5.05
    Washington St
    WA
    4.88
    Maryland St
    MD
    3.92
    North Carolina Eastn Mun Pwr Agy Pwr Sys Rev
    NC
    3.84
    Triborough Brdg & Tunl Auth N Y Revs
    NY
    3.07
    Wisconsin St Transn Rev
    WI
    3.04
    Keller Tex Indpt Sch Dist For Issues Dtd Prior To 10/02
    TX
    2.94
    Richmond Va Met Auth Expwy Rev
    VA
    2.92
    Massachusetts Bay Transn Auth Mass Sales Tax Rev
    MA
    2.80
    Top 10 Total (%)40.38

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

  • Geographical Weightings (%) as of 01/31/16

    • State

      % of Net Assets
    • Texas

      14.7
    • Maryland

      8.7
    • California

      8.3
    • Illinois

      7.9
    • Washington

      7.6
    • Oregon

      5.6
    • New York

      5.5
    • Massachusetts

      5.1
    • Florida

      4.1
    • North Carolina

      4.0
    • Utah

      3.5
    • Wisconsin

      3.0
    • Virginia

      2.9
    • Pennsylvania

      2.7
    • Mississippi

      2.7
    • Oklahoma

      1.6
    • New Mexico

      1.5
    • Puerto Rico

      1.4
    • Kentucky

      1.3
    • Missouri

      1.1
    • Other

      6.7
  • Currency Exposure (%)
    as of 01/31/16

    • U.S. Dollar

      99.30
    • Other/Cash

      0.70
  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Local

      19.8
    • State

      18.1
    • Transportation

      17.9
    • Education

      11.1
    • Special Tax

      7.9
    • Health Care

      6.8
    • Power

      6.5
    • Leasing

      6.2
    • Water & Sewer

      4.3
    • Solid Waste/Res Recovery

      1.3
  • Maturity (%) as of 01/31/16

    Average Portfolio Maturity: 10.45 Years