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MLN Market Vectors AMT-Free Long Municipal Index ETF

  • Fund Description

    The Market 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.

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    • 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 02/08/16

    • 30-Day SEC Yield1

      2.72%
    • Total Net Assets

      $116.3M
    • Number of Holdings

      237
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
  • Geographical Weightings (%) as of 01/31/16

    • State

      % of Net Assets
    • California

      18.1
    • New York

      11.4
    • Florida

      7.4
    • Texas

      6.6
    • Pennsylvania

      5.3
    • Illinois

      5.2
    • Ohio

      3.9
    • Nebraska

      2.6
    • South Carolina

      2.5
    • Arizona

      2.5
    • New Jersey

      2.5
    • Louisiana

      2.5
    • Washington

      2.4
    • Colorado

      2.3
    • Michigan

      2.1
    • Nevada

      1.9
    • District of Columbia

      1.8
    • Maryland

      1.7
    • Indiana

      1.7
    • Virginia

      1.6
    • Other

      13.9
  • Portfolio Composition (%)
    as of 01/31/16

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      99.88
    • Other

      0.00
    • Cash

      0.12
  • Currency Exposure (%)
    as of 01/31/16

    • U.S. Dollar

      99.88
    • Other/Cash

      0.12
  • 3-YR Risk Measures*
    as of 01/31/16

    • Beta vs. S&P 500 Index

      -0.04
    • Correlation vs. S&P 500 Index

      -0.06
    • Volatility (Standard Deviation)

      6.57
    • Sharpe Ratio

      0.54

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

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

    • Sector

      % of Net Assets
    • Health Care

      24.3
    • Transportation

      12.7
    • Water & Sewer

      10.6
    • State

      10.5
    • Education

      8.5
    • Special Tax

      8.2
    • Power

      7.9
    • Local

      7.8
    • Leasing

      5.1
    • Industrial Revenue

      4.2