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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 11/26/14

    • 30-Day SEC Yield1

      3.23%
    • Total Net Assets

      $91.2M
    • Number of Holdings

      179
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      11/28/2014
  • Geographical Weightings (%)
    as of 10/31/14

    • State

      % of Net Assets
    • NY

      18.9
    • CA

      9.5
    • IL

      8.5
    • FL

      8.3
    • TX

      7.0
    • WA

      4.4
    • PA

      3.9
    • NJ

      3.6
    • MA

      3.4
    • OH

      3.2
    • MI

      2.3
    • CO

      2.2
    • AZ

      2.0
    • GA

      2.0
    • SC

      1.9
    • OR

      1.9
    • VA

      1.9
    • NC

      1.8
    • IN

      1.5
    • DC

      1.5
    • Other

      10.1
  • Portfolio Composition (%)
    as of 10/31/14

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      99.41
    • Other

      0.00
    • Cash

      0.59
  • Currency Exposure (%)
    as of 10/31/14

    • U.S. Dollar

      99.41
    • Other

      0.59
  • Credit Quality (%)
    as of 10/31/14

    Composite % of Net Assets
    Investment Grade AAA 3.99
    AA 38.66
    A 50.27
    BBB 7.08
    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.
  • 3-YR Risk Measures*
    as of 10/31/14

    • Beta vs. S&P 500 Index

      0.07
    • Correlation vs. S&P 500 Index

      0.08
    • Volatility (Standard Deviation)

      7.27
    • Sharpe Ratio

      0.79

    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 10/31/14

    • Sector

      % of Net Assets
    • Health Care Facilities

      29.3
    • Transportation

      15.7
    • State General

      9.3
    • Education

      8.6
    • Special Tax

      7.7
    • Water Utilities

      7.7
    • Local General

      5.8
    • Power Utilities

      5.7
    • Leasing

      5.4
    • IDR/PCR

      5.0