MLN

VanEck Long Muni ETF

Q: What is MLN?

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

Fact Sheet

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Summary Prospectus

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Why MLN

Tax Exempt IncomeProvides income generally exempt from federal taxes

Targeted Interest Rate RiskDesigned to track an index of long-duration municipal bonds potentially offering higher income

QualityInvestment-grade index constituents with high overall credit quality

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

Yields as of 04/10/2026

Distribution Frequency

Monthly

30-Day SEC Yield

4.11%

Distribution Yield

4.11%

12 Month Yield

3.76%

Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Long Muni ETF would have been 4.11% on 04/10/26. Distributions may vary from time to time.

Performance

Average Annual Total Returns* (%)

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	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 01/02/08
MLN (NAV)	-2.19	--	--	3.67	2.55	-0.95	1.55	2.84
MLN (Market Price)	-1.74	0.10	0.10	4.18	2.56	-0.87	1.56	2.85
ICE Long AMT-Free Broad National Municipal Index (Index)	-2.20	-0.01	-0.01	3.94	2.83	-0.28	2.21	3.86

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 01/02/08
MLN (NAV)	-2.19	--	--	3.67	2.55	-0.95	1.55	2.84
MLN (Market Price)	-1.74	0.10	0.10	4.18	2.56	-0.87	1.56	2.85
ICE Long AMT-Free Broad National Municipal Index (Index)	-2.20	-0.01	-0.01	3.94	2.83	-0.28	2.21	3.86

*Returns less than one year are not annualized.

Index data prior to March 1, 2022 reflects that of the Bloomberg AMT-Free Long Continuous Municipal Index (LMT3TR). From March 1, 2022 to November 30, 2022, the index data reflects that of the ICE Long AMT-Free Broad National Municipal Transition Index (MLBT). From December 1, 2022 forward, the index data reflects that of the Fund's underlying index, the ICE Long AMT-Free Broad National Municipal Index (MBNL) and is not intended for third party use.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

Holdings

Daily Holdings (%) as of 04/09/2026

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Total Holdings: 677

Holding Name	% of Net Assets	Coupon	Maturity	Market Value (US$)
City Of New York Ny	0.69	5.000	09/01/2048	4822088.15
City Of Houston Tx Hotel Occupancy Tax	0.69	5.500	09/01/2058	4812366.19
Washington State Housing Finance Commis	0.52	5.250	07/01/2055	3604044.61
North Carolina Turnpike Authority	0.50	5.000	01/01/2058	3438211.83
City Of Los Angeles Department Of Airpo	0.47	5.250	05/15/2051	3293558.90
State Of Ohio	0.47	5.000	05/01/2045	3291506.77
Texas Transportation Finance Corp	0.47	5.500	10/01/2055	3248293.74
New York State Dormitory Authority	0.47	5.000	03/15/2045	3233148.03
City Of New York Ny	0.46	5.000	10/01/2045	3215203.17
Metropolitan Atlanta Rapid Transit Auth	0.46	5.000	07/01/2055	3161547.87
Commonwealth Of Massachusetts	0.42	5.000	08/01/2050	2917451.14
County Of Miami-Dade Fl Water & Sewer S	0.41	5.000	10/01/2055	2818061.65
State Of Washington	0.40	5.000	02/01/2048	2792174.12
Geisinger Authority	0.40	5.000	04/01/2050	2780938.58
Commonwealth Of Massachusetts Transport	0.40	5.000	06/01/2045	2761487.89
Los Angeles Department Of Water & Power	0.39	5.000	07/01/2045	2694772.47
City Of New York Ny	0.38	5.250	02/01/2053	2650108.08
County Of Jefferson Al Sewer Revenue	0.37	5.250	10/01/2049	2591997.58
Washington Suburban Sanitary Commission	0.36	4.250	06/01/2048	2532702.49
Ohio State University/The	0.35	3.000	12/01/2044	2460474.10
New York State Dormitory Authority	0.34	5.500	10/01/2054	2384769.55
California State Public Works Board	0.34	5.000	11/01/2045	2374619.14
New York City Transitional Finance Auth	0.32	5.000	05/01/2045	2189670.02
District Of Columbia Income Tax Revenue	0.31	5.250	06/01/2050	2171523.27
Texas Transportation Finance Corp	0.31	5.000	10/01/2045	2157987.78
San Diego Unified School District/Ca	0.31	5.000	07/01/2050	2152824.58
New York State Dormitory Authority	0.31	5.250	07/01/2054	2149270.06
Colorado Bridge & Tunnel Enterprise	0.31	5.250	12/01/2054	2147606.27
Triborough Bridge & Tunnel Authority	0.31	5.250	05/15/2054	2144811.94
Illinois State Toll Highway Authority	0.31	5.000	01/01/2047	2141850.13
Lamar Consolidated Independent School D	0.31	5.500	02/15/2058	2138626.91
Timpanogos Special Service District	0.31	5.000	06/01/2054	2138528.99
City Of New York Ny	0.31	5.000	08/01/2046	2136224.44
State Of California	0.31	5.000	09/01/2048	2133423.92
City Of San Antonio Tx Electric & Gas S	0.31	5.250	02/01/2054	2130169.87
Delaware State Health Facilities Author	0.31	5.250	10/01/2051	2127606.73
University Of California	0.31	5.000	05/15/2052	2126221.15
East Bay Municipal Utility District Wat	0.31	--	06/01/2056	2121085.60
Massachusetts Development Finance Agenc	0.30	5.000	07/01/2050	2115521.18
Michigan State Hospital Finance Authori	0.30	5.000	08/15/2046	2113488.76
Georgia Housing & Finance Authority	0.30	5.125	12/01/2045	2104825.09
Commonwealth Of Massachusetts Transport	0.30	5.000	06/01/2052	2102607.50
Commonwealth Of Massachusetts	0.30	5.000	07/01/2048	2090177.78
New York State Urban Development Corp	0.30	5.000	03/15/2047	2085187.82
City Of San Antonio Tx Electric & Gas S	0.30	5.000	02/01/2054	2084086.44
South Carolina Public Service Authority	0.30	5.000	12/01/2055	2082916.11
New York State Urban Development Corp	0.30	5.000	03/15/2063	2057767.22
City Of Jacksonville Fl	0.29	5.000	11/01/2050	2048333.64
City Of Mesa Az Utility System Revenue	0.29	4.500	07/01/2049	2034069.00
Nebraska Investment Finance Authority	0.29	4.650	09/01/2055	2013152.93
Metropolitan Washington Airports Author	0.29	4.000	10/01/2049	1999784.50
New York City Municipal Water Finance A	0.28	4.000	06/15/2045	1972310.78
Liberty Hill Independent School Distric	0.28	5.000	02/01/2054	1962697.29
University Of Arkansas	0.28	5.000	12/01/2045	1961872.38
Massachusetts School Building Authority	0.28	5.250	02/15/2050	1941310.38
New York City Transitional Finance Auth	0.27	5.250	05/01/2048	1902679.16
New York State Dormitory Authority	0.27	5.000	03/15/2050	1862721.59
New York State Dormitory Authority	0.27	4.000	02/15/2047	1852156.64
School Board Of Miami-Dade County/The	0.27	4.000	03/15/2047	1851165.18
Chicago Midway International Airport	0.26	5.000	01/01/2055	1816239.24
Mesquite Independent School District	0.26	5.000	08/15/2045	1815262.96
State Of Washington	0.26	5.000	02/01/2048	1797382.74
County Of Miami-Dade Seaport Department	0.26	4.000	10/01/2049	1794724.62
Metro Wastewater Reclamation District	0.26	5.000	04/01/2051	1785017.95
California Health Facilities Financing	0.25	4.000	04/01/2049	1760523.82
Tobacco Settlement Financing Corp	0.25	5.000	06/01/2046	1724422.65
Dallas Fort Worth International Airport	0.24	5.250	11/01/2043	1699287.95
Ohio Water Development Authority	0.24	5.250	12/01/2045	1680819.35
Ohio Water Development Authority	0.24	5.000	12/01/2043	1676824.28
City Of Chicago Il Wastewater Transmiss	0.24	5.500	01/01/2062	1647415.15
Triborough Bridge & Tunnel Authority	0.24	5.500	12/01/2059	1639465.51
Indiana Finance Authority	0.24	5.000	02/01/2045	1634585.73
Dallas Fort Worth International Airport	0.23	5.250	11/01/2050	1627757.45
New Jersey Turnpike Authority	0.23	5.250	01/01/2049	1623407.45
Salt River Project Agricultural Improve	0.23	5.250	01/01/2055	1622796.95
New York State Dormitory Authority	0.23	5.000	07/01/2046	1620657.73
New York City Transitional Finance Auth	0.23	5.000	11/01/2046	1617678.03
California Health Facilities Financing	0.23	5.250	12/01/2049	1614693.20
New York City Municipal Water Finance A	0.23	5.250	06/15/2054	1605872.05
University Of Cincinnati	0.23	5.250	06/01/2049	1605398.75
New Hampshire Business Finance Authorit	0.23	3.000	08/15/2046	1601813.41
Western Michigan University	0.23	5.250	11/15/2054	1599338.05
Metropolitan Transportation Authority	0.23	5.250	11/15/2049	1597893.40
Maryland Economic Development Corp	0.23	5.000	06/01/2048	1594719.83
New York Liberty Development Corp	0.23	3.000	11/15/2051	1594049.56
Metropolitan Water District Of Southern	0.23	5.000	04/01/2048	1592204.68
California State Public Works Board	0.23	5.000	04/01/2049	1578224.23
Louisiana Stadium & Exposition District	0.23	5.250	07/01/2053	1571043.50
Florida Housing Finance Corp	0.23	4.900	07/01/2045	1566996.32
City Of Houston Tx Hotel Occupancy Tax	0.22	--	09/01/2049	1553484.50
Florida Housing Finance Corp	0.22	6.250	07/01/2056	1553273.96
New York City Housing Development Corp	0.22	4.850	11/01/2053	1538842.59
Metropolitan Government Nashville & Dav	0.22	5.000	07/01/2046	1522797.73
Massachusetts Development Finance Agenc	0.22	5.000	07/01/2053	1516675.33
Sacramento Area Flood Control Agency	0.22	5.000	10/01/2047	1511146.33
New York City Transitional Finance Auth	0.22	3.000	11/01/2047	1493623.59
State Of Louisiana	0.21	4.000	04/01/2043	1490650.82
New York City Municipal Water Finance A	0.21	4.000	06/15/2044	1487867.98
New Jersey Transportation Trust Fund Au	0.21	4.000	06/15/2044	1476492.28
New Jersey Transportation Trust Fund Au	0.21	4.000	06/15/2045	1464073.63
New York City Municipal Water Finance A	0.21	4.000	06/15/2045	1458680.23
Metropolitan Water Reclamation District	0.21	4.000	12/01/2046	1432425.51
City Of Austin Tx Electric Utility Reve	0.21	5.000	11/15/2049	1431469.58
Weslaco Independent School District	0.20	4.125	02/15/2049	1409478.43
Pleasanton Unified School District	0.20	4.000	08/01/2052	1408490.82
Metropolitan Pier & Exposition Authorit	0.20	4.000	12/15/2047	1402326.58
New York State Thruway Authority	0.20	4.000	01/01/2045	1394037.95
Dallas Independent School District	0.20	4.000	02/15/2054	1373601.63
State Of Texas	0.20	5.000	10/01/2044	1372808.74
Park Creek Metropolitan District	0.20	5.000	12/01/2043	1357674.18
State Of California	0.19	3.000	11/01/2050	1327766.84
Los Angeles Department Of Water & Power	0.19	5.250	07/01/2044	1324733.56
State Of New York Mortgage Agency Homeo	0.19	4.900	10/01/2053	1322357.77
New York State Urban Development Corp	0.19	3.000	03/15/2049	1301630.95
State Of Illinois	0.18	5.000	03/01/2046	1278667.82
City Of Houston Tx Hotel Occupancy Tax	0.18	5.250	09/01/2051	1272830.56
New York City Transitional Finance Auth	0.18	5.000	05/01/2050	1271619.15
Fayette County Development Authority	0.18	5.250	10/01/2054	1269875.92
Commonwealth Of Massachusetts	0.18	5.000	11/01/2052	1256311.94
New York Liberty Development Corp	0.18	3.000	09/15/2043	1250715.16
Metropolitan Transportation Authority D	0.18	5.000	11/15/2048	1242338.67
East Bay Municipal Utility District Wat	0.18	4.000	06/01/2045	1227316.61
University Of Utah/The	0.18	5.000	08/01/2046	1225658.35
Gainesville & Hall County Hospital Auth	0.18	4.000	02/15/2045	1216333.05
Oklahoma Water Resources Board	0.17	4.500	10/01/2055	1211146.48
Pennsylvania Turnpike Commission	0.17	4.000	12/01/2046	1187072.18
New York State Dormitory Authority	0.17	5.000	03/15/2043	1181883.17
State Of Washington	0.17	5.000	08/01/2043	1167509.60
Massachusetts Development Finance Agenc	0.17	5.000	10/01/2048	1162507.83
New York City Transitional Finance Auth	0.17	5.000	05/01/2049	1151465.71
California State Public Works Board	0.16	5.000	04/01/2044	1139940.23
Arapahoe County School District No 5 Ch	0.16	5.250	12/15/2043	1139806.37
Lower Colorado River Authority	0.16	5.250	05/15/2044	1139066.50
State Of Oregon	0.16	5.250	05/01/2045	1131412.43
Los Angeles County Public Works Financi	0.16	5.500	12/01/2049	1125960.21
South Dakota Housing Development Author	0.16	6.250	11/01/2055	1122598.60
Board Of Regents Of The University Of T	0.16	5.000	08/15/2043	1119078.50
Kentucky Bond Development Corp	0.16	4.000	09/01/2048	1115268.84
Texas Water Development Board	0.16	5.000	10/15/2044	1113158.58
Utah Transit Authority	0.16	5.000	12/15/2044	1112969.91
City Of Los Angeles Department Of Airpo	0.16	5.250	05/15/2048	1112207.97
Los Angeles County Public Works Financi	0.16	5.500	12/01/2054	1112193.11
Commonwealth Of Pennsylvania	0.16	4.000	07/01/2046	1111565.77
City Of Austin Tx	0.16	5.000	09/01/2043	1108703.36
County Of Franklin Oh	0.16	5.000	11/01/2048	1102975.12
Onondaga Civic Development Corp	0.16	5.500	12/01/2056	1102322.21
Hurst-Euless-Bedford Independent School	0.16	5.000	08/15/2043	1101735.58
State Of Oregon	0.16	5.250	05/01/2050	1099748.23
City Of Austin Tx Water & Wastewater Sy	0.16	5.000	11/15/2043	1099491.58
City Of Austin Tx	0.16	5.000	09/01/2044	1098322.86
Alabama Highway Authority	0.16	5.000	09/01/2045	1095333.60
Triborough Bridge & Tunnel Authority	0.16	5.250	12/01/2047	1094216.43
Metropolitan Transportation Authority	0.16	5.000	11/15/2043	1094157.78
City Of Corpus Christi Tx Utility Syste	0.16	5.000	07/15/2043	1093632.54
California State Public Works Board	0.16	5.000	11/01/2047	1093281.26
New York State Dormitory Authority	0.16	5.000	03/15/2044	1092617.71
Allegheny County Sanitary Authority	0.16	5.000	12/01/2045	1092538.05
New York State Dormitory Authority	0.16	5.250	03/15/2046	1090958.87
City Of Los Angeles Department Of Airpo	0.16	5.250	05/15/2055	1089698.27
Los Angeles Unified School District/Ca	0.16	5.250	07/01/2047	1089600.43
Upper Merion Area School District/Pa	0.16	4.000	01/15/2046	1088664.63
San Diego Public Facilities Financing A	0.16	5.250	08/01/2048	1088358.44
Arkansas Development Finance Authority	0.16	5.000	06/01/2046	1087140.74
Hillsborough County Industrial Developm	0.16	5.500	11/15/2054	1087013.35
State Of Connecticut	0.16	5.000	03/15/2045	1086763.11
California Health Facilities Financing	0.16	5.000	12/01/2045	1084946.45
City Of New York Ny	0.16	5.000	08/01/2045	1082036.32
New York State Dormitory Authority	0.16	5.000	03/15/2045	1081782.91
New York City Transitional Finance Auth	0.16	5.250	05/01/2048	1080929.93
South Carolina Public Service Authority	0.16	5.250	12/01/2049	1080720.23
Colorado Health Facilities Authority	0.16	5.500	11/01/2047	1080036.34
Chabot-Las Positas Community College Di	0.16	5.250	08/01/2048	1079858.23
Oklahoma Municipal Power Authority	0.16	5.250	01/01/2051	1079798.93
Park Creek Metropolitan District	0.16	5.000	12/01/2044	1079642.94
Western Michigan University	0.16	5.250	11/15/2049	1078039.07
New Jersey Transportation Trust Fund Au	0.16	5.250	06/15/2050	1077687.77
State Of Michigan Trunk Line Revenue	0.16	5.000	11/15/2046	1077486.58
New York City Municipal Water Finance A	0.16	5.000	06/15/2045	1077206.41
Triborough Bridge & Tunnel Authority	0.16	5.250	12/01/2054	1077151.43
Chicago Midway International Airport	0.15	5.000	01/01/2045	1075775.69
New York City Transitional Finance Auth	0.15	5.250	05/01/2050	1075615.03
Metropolitan Transportation Authority	0.15	5.250	11/15/2056	1073680.93
City Of Corpus Christi Tx Utility Syste	0.15	5.000	07/15/2045	1073589.94
City & County Honolulu Hi Wastewater Sy	0.15	5.250	07/01/2054	1072661.13
East Bay Municipal Utility District Wat	0.15	--	06/01/2051	1072164.80
New Jersey Transportation Trust Fund Au	0.15	5.250	06/15/2050	1071792.57
Tarrant County Cultural Education Facil	0.15	5.250	12/01/2049	1071317.73
New York State Thruway Authority	0.15	5.250	01/01/2054	1070023.33
Florida Housing Finance Corp	0.15	6.250	01/01/2055	1069703.25
Jea Water & Sewer System Revenue	0.15	5.250	10/01/2049	1069271.63
New Jersey Transportation Trust Fund Au	0.15	5.000	06/15/2046	1069147.61
New Jersey Educational Facilities Autho	0.15	5.250	03/01/2054	1068217.93
New York City Transitional Finance Auth	0.15	5.250	02/01/2047	1067165.03
Minnesota Agricultural & Economic Devel	0.15	5.250	01/01/2047	1066567.23
Chaffey Joint Union High School Distric	0.15	5.250	08/01/2052	1066345.03
Salt River Project Agricultural Improve	0.15	5.000	01/01/2047	1066036.99
University Of Kansas Hospital Authority	0.15	--	03/01/2054	1065977.10
San Diego Community College District	0.15	5.000	08/01/2055	1065124.72
West Contra Costa Unified School Distri	0.15	5.000	08/01/2049	1064840.42
Texas Water Development Board	0.15	5.000	10/15/2053	1064838.14
Katy Independent School District	0.15	5.250	02/15/2054	1064109.07
Brevard County Health Facilities Author	0.15	5.000	04/01/2052	1063764.72
Fairfax County Industrial Development A	0.15	5.000	05/15/2051	1062753.08
Alabama Corrections Institution Finance	0.15	5.250	07/01/2047	1062188.13
Oklahoma Capitol Improvement Authority	0.15	5.250	07/01/2056	1061641.27
Great Lakes Water Authority Water Suppl	0.15	5.250	07/01/2055	1060632.83
Via Metropolitan Transit Advanced Trans	0.15	5.000	08/01/2049	1060529.42
Commonwealth Of Massachusetts Transport	0.15	5.000	06/01/2055	1060345.85
County Of Fort Bend Tx	0.15	5.250	03/01/2053	1060235.33
Omaha Public Power District	0.15	5.000	02/01/2050	1060108.82
New Hampshire Business Finance Authorit	0.15	5.250	06/01/2051	1060002.73
San Francisco City & County Airport Com	0.15	5.000	05/01/2052	1059951.92
Pennsylvania State University/The	0.15	5.250	09/01/2053	1059488.03
City Of New York Ny	0.15	5.250	09/01/2050	1058756.43
Chattanooga Health Educational & Housin	0.15	5.250	12/01/2049	1058283.03
City Of Westminster Co Water & Wastewat	0.15	5.000	12/01/2054	1057983.05
Port Authority Of New York & New Jersey	0.15	5.000	09/01/2049	1057957.86
City Of Cape Coral Fl Water & Sewer Rev	0.15	5.250	10/01/2053	1056951.03
City Of New York Ny	0.15	5.250	04/01/2047	1056505.73
City Of New York Ny	0.15	5.250	02/01/2053	1056023.07
Salt River Project Agricultural Improve	0.15	5.000	01/01/2050	1055236.79
Lansing Board Of Water & Light	0.15	5.000	07/01/2049	1053971.39
Municipal Electric Authority Of Georgia	0.15	5.250	01/01/2054	1053846.13
Pennsylvania Housing Finance Agency	0.15	5.000	10/01/2043	1052928.19
County Of Baltimore Md	0.15	5.000	03/01/2049	1052777.76
Triborough Bridge & Tunnel Authority	0.15	5.000	11/15/2049	1052160.78
Texas Department Of Housing & Community	0.15	5.250	07/01/2053	1052148.93
Conroe Independent School District	0.15	5.000	02/15/2049	1052069.78
California Statewide Communities Develo	0.15	4.000	06/01/2046	1051659.06
Denton Independent School District	0.15	5.000	08/15/2048	1051530.08
Crowley Independent School District	0.15	5.000	02/01/2049	1051245.22
Triborough Bridge & Tunnel Authority	0.15	5.000	05/15/2051	1050674.88
Commonwealth Of Massachusetts	0.15	5.000	11/01/2050	1049828.22
Washington Metropolitan Area Transit Au	0.15	5.000	07/15/2048	1049773.14
State Of Oregon	0.15	5.000	05/15/2050	1049694.18
City Of New York Ny	0.15	5.000	12/01/2043	1049041.95
Dallas Independent School District	0.15	5.000	02/15/2049	1049015.68
New York State Dormitory Authority	0.15	5.000	03/15/2049	1049014.11
Metropolitan Water District Of Southern	0.15	5.000	04/01/2053	1048398.89
San Francisco City & County Airport Com	0.15	5.000	05/01/2050	1047659.42
Town Of Holly Springs Nc	0.15	5.000	11/01/2055	1046189.17
City Of Seguin Tx	0.15	5.250	09/01/2058	1046160.83
Wyandotte County Unified School Distric	0.15	5.250	09/01/2055	1045558.73
New York City Municipal Water Finance A	0.15	5.000	06/15/2052	1044762.31
New York City Municipal Water Finance A	0.15	5.000	06/15/2049	1044416.61
Maine Health & Higher Educational Facil	0.15	5.250	10/01/2054	1043797.93
Rialto Unified School District	0.15	5.000	08/01/2052	1043691.82
St Lucie County School Board	0.15	5.000	07/01/2048	1043478.29
Orange County Health Facilities Authori	0.15	5.250	10/01/2056	1042520.43
South Dakota Conservancy District	0.15	5.000	08/01/2056	1041856.29
City Of Corpus Christi Tx Utility Syste	0.15	5.000	07/15/2049	1040869.84
Tennessee Housing Development Agency	0.15	5.400	07/01/2053	1039358.70
City Of Huntsville Al	0.15	5.000	03/01/2053	1039326.96
New York State Dormitory Authority	0.15	5.000	07/01/2049	1039157.59
Canyons Metropolitan District No 5	0.15	5.000	12/01/2049	1039075.25
Minneapolis-St Paul Metropolitan Airpor	0.15	5.000	01/01/2052	1038549.49
Main Street Natural Gas Inc	0.15	5.000	05/15/2049	1038074.87
City Of Seattle Wa Municipal Light & Po	0.15	5.000	03/01/2053	1037660.86
New Hampshire Health And Education Faci	0.15	5.000	07/01/2056	1037595.94
University Of California	0.15	5.000	05/15/2058	1036858.58
San Francisco City & County Airport Com	0.15	5.000	05/01/2048	1036658.48
Indianapolis Local Public Improvement B	0.15	5.000	03/01/2053	1036331.06
Wisconsin Housing & Economic Developmen	0.15	4.850	09/01/2043	1034752.59
City Of Austin Tx Water & Wastewater Sy	0.15	--	11/15/2055	1034162.80
Pennsylvania Economic Development Finan	0.15	5.250	07/01/2046	1033990.43
New York State Dormitory Authority	0.15	5.000	03/15/2056	1033809.41
Texas Water Development Board	0.15	4.800	10/15/2052	1033723.67
Commonwealth Of Massachusetts	0.15	5.000	01/01/2049	1033630.49
Regents Of The University Of California	0.15	4.000	05/15/2044	1033141.82
Commonwealth Of Massachusetts	0.15	5.000	01/01/2045	1032904.49
Texas Department Of Housing & Community	0.15	5.250	01/01/2053	1032650.53
City Of New York Ny	0.15	5.000	03/01/2050	1030971.56
Oklahoma Housing Finance Agency	0.15	4.875	09/01/2045	1030410.67
State Of California	0.15	5.000	04/01/2049	1030213.19
South Carolina Jobs-Economic Developmen	0.15	5.000	05/01/2048	1029430.62
Lancaster County Hospital Authority/Pa	0.15	5.000	11/01/2051	1028886.92
Los Angeles Department Of Water & Power	0.15	5.000	07/01/2053	1028631.29
Pflugerville Independent School Distric	0.15	5.000	02/15/2048	1028433.08
University Of Oregon	0.15	5.000	04/01/2050	1028373.79
New York City Municipal Water Finance A	0.15	5.000	06/15/2044	1028035.45
City Of Grand Forks Nd	0.15	5.000	12/01/2053	1027776.85
New York State Dormitory Authority	0.15	5.000	03/15/2045	1027126.21
Texas Water Development Board	0.15	4.750	10/15/2055	1025271.94
Mississippi Home Corp	0.15	4.850	12/01/2054	1024632.49
Indianapolis Local Public Improvement B	0.15	5.000	02/01/2054	1023346.22
Michigan Finance Authority	0.15	5.000	11/01/2044	1022409.22
Connecticut Housing Finance Authority	0.15	4.600	11/15/2049	1021291.45
Health & Educational Facilities Authori	0.15	5.000	11/15/2045	1020823.88
North Broward Hospital District	0.15	5.000	01/01/2048	1020482.49
New York City Transitional Finance Auth	0.15	5.000	02/01/2043	1020379.62
Mta Hudson Rail Yards Trust Obligations	0.15	5.000	11/15/2051	1020278.38
Mta Hudson Rail Yards Trust Obligations	0.15	5.000	11/15/2056	1020247.88
South Carolina Public Service Authority	0.15	5.250	12/01/2055	1019150.04
Michigan State Housing Development Auth	0.15	4.875	10/01/2043	1019065.17
New Mexico Mortgage Finance Authority	0.15	5.050	09/01/2050	1018842.40
New Mexico Mortgage Finance Authority	0.15	5.100	09/01/2055	1018818.07
County Of Montgomery Md	0.15	5.000	12/01/2044	1018421.05
Iowa Finance Authority	0.15	4.650	07/01/2049	1018318.27
New Jersey Economic Development Authori	0.15	4.625	06/15/2048	1018210.08
Katy Independent School District	0.15	4.750	02/15/2055	1018157.69
Municipal Electric Authority Of Georgia	0.15	5.000	01/01/2049	1015628.49
South Dakota Housing Development Author	0.15	4.650	11/01/2046	1013759.20
New York City Housing Development Corp	0.15	4.750	11/01/2054	1013331.61
Georgia Housing & Finance Authority	0.15	4.700	12/01/2055	1013108.12
St Clair County Community Unit School D	0.15	5.000	01/01/2054	1011925.99
Wisconsin Housing & Economic Developmen	0.15	4.750	03/01/2051	1010889.98
Wisconsin Housing & Economic Developmen	0.15	4.500	09/01/2044	1010700.40
Hayward Unified School District	0.15	4.000	08/01/2043	1010288.18
Duluth Economic Development Authority	0.15	5.250	02/15/2058	1009939.07
New Jersey Housing & Mortgage Finance A	0.15	4.550	10/01/2044	1009175.99
California Statewide Communities Develo	0.15	5.000	03/01/2048	1009145.56
Commonwealth Of Pennsylvania	0.15	4.000	08/15/2043	1008673.92
Pennsylvania Housing Finance Agency	0.15	4.800	10/01/2051	1008586.13
Pennsylvania Housing Finance Agency	0.15	4.750	04/01/2053	1008427.84
North Dakota Housing Finance Agency	0.15	4.700	07/01/2047	1008146.76
North Carolina Housing Finance Agency	0.15	4.375	07/01/2044	1008133.81
Northeast Ohio Regional Sewer District	0.15	4.000	11/15/2043	1007538.82
Dutchess County Local Development Corp	0.15	5.000	07/01/2051	1007158.49
City Of Phoenix Civic Improvement Corp	0.14	4.000	07/01/2044	1006648.41
Long Island Power Authority	0.14	5.000	09/01/2045	1006324.56
State Of California	0.14	4.125	03/01/2049	1003384.53
New York City Housing Development Corp	0.14	4.550	11/01/2054	1002826.32
City & County Of San Francisco Ca	0.14	4.000	04/01/2045	1001335.81
Weld County School District No Re-5j	0.14	4.000	12/01/2045	999718.14
Board Of Regents Of The University Of T	0.14	4.000	08/15/2044	997359.60
Washington Suburban Sanitary Commission	0.14	4.375	06/01/2051	996944.24
Arlington Higher Education Finance Corp	0.14	4.500	08/15/2055	995899.70
City Of Chicago Il	0.14	5.000	01/01/2044	994785.99
Texas Water Development Board	0.14	4.000	10/15/2043	994657.26
Royse City Independent School District/	0.14	5.000	02/15/2048	993357.51
New York City Transitional Finance Auth	0.14	4.000	05/01/2044	991223.18
Tomball Independent School District	0.14	4.000	02/15/2045	989468.42
Maryland Community Development Administ	0.14	4.350	02/01/2044	988833.83
Illinois State Toll Highway Authority	0.14	4.000	01/01/2044	988641.83
Pennsylvania Turnpike Commission	0.14	4.000	12/01/2049	984335.18
City Of Seattle Wa Municipal Light & Po	0.14	4.000	05/01/2045	982544.88
City Of Rochester Mn	0.14	4.000	11/15/2044	978160.00
State Of Michigan Trunk Line Revenue	0.14	4.000	11/15/2046	976931.72
New York City Municipal Water Finance A	0.14	4.125	06/15/2047	975891.47
Clifton Higher Education Finance Corp	0.14	4.000	08/15/2044	975360.82
Public Finance Authority	0.14	5.750	07/01/2062	974426.24
Oakland Unified School District/Alameda	0.14	4.000	08/01/2046	974025.58
Williamsburg Economic Development Autho	0.14	4.375	07/01/2063	973186.18
Dallas Fort Worth International Airport	0.14	4.000	11/01/2045	971143.08
Ohio State University/The	0.14	4.000	12/01/2048	970737.64
County Of Jackson Mo	0.14	4.375	12/01/2058	969130.01
New York City Transitional Finance Auth	0.14	4.000	02/01/2044	967640.18
Washington Metropolitan Area Transit Au	0.14	4.000	07/15/2046	965927.86
New Jersey Turnpike Authority	0.14	4.000	01/01/2048	964852.31
Development Authority Of Burke County/T	0.14	4.125	11/01/2045	963686.43
Wisconsin Health & Educational Faciliti	0.14	4.500	02/15/2054	962856.50
Northwest Independent School District	0.14	4.000	02/15/2047	962191.92
Riverside Community College District	0.14	4.000	08/01/2054	959150.78
State Of California	0.14	5.000	10/01/2048	959110.83
Triborough Bridge & Tunnel Authority Sa	0.14	4.250	05/15/2058	958125.31
San Francisco City & County Airport Com	0.14	4.000	05/01/2052	956719.08
County Of Jackson Mo	0.14	4.250	12/01/2053	956575.32
West Virginia Hospital Finance Authorit	0.14	4.375	06/01/2053	956382.11
New Jersey Turnpike Authority	0.14	4.000	01/01/2051	955305.31
Board Of Governors Of Colorado State Un	0.14	4.000	03/01/2047	955281.22
Illinois State Toll Highway Authority	0.14	4.000	01/01/2046	952080.12
Keller Independent School District/Tx	0.14	4.000	02/15/2047	951663.02
California Health Facilities Financing	0.14	4.000	11/01/2044	950308.98
City Of Springdale Ar Sales & Use Tax R	0.14	4.250	08/01/2053	950204.99
California Health Facilities Financing	0.14	4.000	04/01/2045	949751.91
Arlington Higher Education Finance Corp	0.14	4.125	08/15/2049	949061.87
Pennsylvania Higher Educational Facilit	0.14	4.250	11/01/2048	948606.09
Fairfax County Industrial Development A	0.14	4.000	05/15/2048	945639.42
Health & Educational Facilities Authori	0.14	4.250	04/01/2055	945064.16
Austin Independent School District	0.14	4.000	08/01/2048	944275.48
San Jacinto Community College District	0.14	5.000	02/15/2044	940211.35
Texas Water Development Board	0.14	4.000	10/15/2049	938283.25
County Of Harris Tx Toll Road Revenue	0.13	4.000	08/15/2048	936144.92
Michigan Finance Authority	0.13	4.000	11/01/2048	934728.78
Texas City Independent School District/	0.13	4.000	08/15/2053	931481.97
New York City Municipal Water Finance A	0.13	4.000	06/15/2050	931360.09
Pennsylvania Turnpike Commission	0.13	5.000	12/01/2047	928405.22
County Of Miami-Dade Fl Water & Sewer S	0.13	4.000	10/01/2048	928334.31
Hudson Yards Infrastructure Corp	0.13	4.000	02/15/2047	926160.22
Massachusetts Bay Transportation Author	0.13	4.000	07/01/2053	923461.31
New York State Dormitory Authority	0.13	4.000	03/15/2049	923401.09
County Of Cuyahoga Oh	0.13	5.000	02/15/2057	922228.48
City Of New York Ny	0.13	4.000	04/01/2050	920568.11
Harris County Cultural Education Facili	0.13	4.000	10/01/2047	920272.51
City Of Jacksonville Fl	0.13	4.000	11/01/2045	919622.68
Dallas Independent School District	0.13	4.000	02/15/2053	919388.42
City Of El Paso Tx	0.13	4.000	08/15/2045	918669.97
Rockwall Independent School District	0.13	4.000	02/15/2053	918167.12
County Of Broward Fl Tourist Developmen	0.13	4.000	09/01/2047	917991.34
City Of New York Ny	0.13	4.000	08/01/2050	915805.68
Massachusetts Development Finance Agenc	0.13	5.250	07/01/2055	914847.90
New York City Transitional Finance Auth	0.13	4.000	02/01/2051	914499.28
Metropolitan Transportation Authority D	0.13	4.000	11/15/2051	914394.82
Sales Tax Securitization Corp	0.13	4.000	01/01/2048	913502.51
City Of New York Ny	0.13	4.000	03/01/2050	913135.44
Pennsylvania Turnpike Commission Oil Fr	0.13	4.000	12/01/2051	912580.84
Las Vegas Convention & Visitors Authori	0.13	4.000	07/01/2049	911561.91
Texarkana Independent School District	0.13	4.000	02/15/2053	910993.72
Maryland Stadium Authority	0.13	4.000	06/01/2052	908879.74
Oregon Health & Science University	0.13	4.000	07/01/2051	905073.81
New York State Urban Development Corp	0.13	4.000	03/15/2053	904593.59
Metropolitan Transportation Authority	0.13	4.000	11/15/2049	900537.12
California Health Facilities Financing	0.13	4.000	11/01/2051	897132.58
Michigan Finance Authority	0.13	4.000	02/15/2047	895933.82
Wisconsin Health & Educational Faciliti	0.13	4.000	08/15/2047	895461.42
Sales Tax Securitization Corp	0.13	4.000	01/01/2048	894851.31
University Of Utah/The	0.13	4.000	08/01/2051	893739.78
California Health Facilities Financing	0.13	5.250	12/01/2043	892659.60
New York City Municipal Water Finance A	0.13	5.000	06/15/2048	892527.12
County Of Broward Fl Tourist Developmen	0.13	4.000	09/01/2051	890899.23
Fort Pierce Utilities Authority	0.13	4.000	10/01/2052	886576.61
University Of South Carolina	0.13	5.000	05/01/2046	880348.08
Texas Water Development Board	0.13	5.000	10/15/2043	880300.88
Metropolitan Washington Airports Author	0.13	4.000	10/01/2052	877363.61
University Of Oklahoma/The	0.13	5.000	07/01/2049	877150.04
Buckeye Tobacco Settlement Financing Au	0.12	4.000	06/01/2048	865879.74
San Francisco City & County Public Util	0.12	4.000	10/01/2048	857263.31
Pennsylvania Turnpike Commission	0.12	5.000	12/01/2045	854122.84
San Mateo County Community College Dist	0.12	5.000	09/01/2045	853481.39
New York State Dormitory Authority	0.12	5.000	02/15/2048	853427.52
State Of Illinois	0.12	4.000	11/01/2044	845573.56
New York State Dormitory Authority	0.12	5.250	03/15/2052	844658.69
Los Angeles Department Of Water & Power	0.12	5.000	07/01/2049	833364.31
Ohio Water Development Authority Water	0.12	5.000	12/01/2044	829670.97
Karegnondi Water Authority	0.12	5.000	11/01/2043	829304.20
Triborough Bridge & Tunnel Authority	0.12	5.000	11/15/2044	828549.13
State Of California	0.12	5.000	08/01/2045	827471.42
Philadelphia Gas Works Co	0.12	5.000	08/01/2047	819692.07
Oklahoma Turnpike Authority	0.12	5.500	01/01/2054	819614.53
Monroe County Industrial Development Co	0.12	4.000	07/01/2050	817017.67
Palm Beach County Health Facilities Aut	0.12	3.000	08/15/2044	814258.47
Commonwealth Of Massachusetts	0.12	2.125	04/01/2051	814218.05
Providence Public Building Authority	0.12	5.250	09/15/2044	812830.78
University Of California	0.12	5.000	05/15/2053	809848.48
Illinois Housing Development Authority	0.12	5.000	10/01/2046	809292.11
State Of Illinois	0.12	5.750	05/01/2045	808498.10
South Carolina Jobs-Economic Developmen	0.12	4.000	12/01/2044	805658.93
Michigan State Housing Development Auth	0.12	3.600	10/01/2060	804456.10
County Of Miami-Dade Fl	0.12	--	10/01/2045	804357.40
City Of Phoenix Civic Improvement Corp	0.12	5.000	07/01/2044	802326.67
Triborough Bridge & Tunnel Authority	0.12	5.250	11/15/2053	801040.78
Weld County School District No 6 Greele	0.12	4.000	12/01/2045	800317.39
East Montgomery County Improvement Dist	0.12	5.250	08/15/2049	799786.93
District Of Columbia Income Tax Revenue	0.11	4.000	05/01/2045	796160.92
Maryland Health & Higher Educational Fa	0.11	5.250	07/01/2052	794315.88
San Diego County Regional Airport Autho	0.11	5.000	07/01/2044	793835.25
Commonwealth Of Massachusetts	0.11	5.000	07/01/2045	793811.92
Commonwealth Of Massachusetts Transport	0.11	5.000	06/01/2054	793063.17
Michigan State University	0.11	5.000	02/15/2048	788953.20
North Carolina Medical Care Commission	0.11	5.250	11/01/2046	788907.40
Commonwealth Of Massachusetts	0.11	5.000	04/01/2050	788328.22
City Of New York Ny	0.11	5.000	03/01/2043	784147.55
Tri-County Metropolitan Transportation	0.11	3.000	09/01/2044	783914.23
Arlington Higher Education Finance Corp	0.11	3.000	02/15/2046	783558.87
Illinois Housing Development Authority	0.11	5.350	04/01/2047	783468.03
Central Texas Regional Mobility Authori	0.11	5.000	01/01/2045	782775.37
City Of Gadsden Al	0.11	5.000	10/01/2050	782314.27
City Of Portland Or Sewer System Revenu	0.11	5.000	10/01/2054	780695.40
Indiana Housing & Community Development	0.11	4.950	07/01/2050	776985.38
Massachusetts School Building Authority	0.11	5.000	08/15/2050	775045.11
Metropolitan Atlanta Rapid Transit Auth	0.11	3.000	07/01/2047	772956.33
Los Angeles Department Of Water & Power	0.11	5.000	07/01/2052	771747.90
New Mexico Mortgage Finance Authority	0.11	4.950	09/01/2045	771217.52
North Carolina Turnpike Authority	0.11	5.000	01/01/2049	770196.52
New York City Housing Development Corp	0.11	4.850	11/01/2053	769676.67
California Health Facilities Financing	0.11	5.000	11/15/2049	766911.13
California County Tobacco Securitizatio	0.11	4.000	06/01/2049	764900.42
California Municipal Finance Authority	0.11	5.000	04/01/2049	764451.30
Connecticut State Health & Educational	0.11	5.000	12/01/2045	764106.87
City & County Of Honolulu Hi	0.11	4.000	08/01/2043	759010.48
New Jersey Housing & Mortgage Finance A	0.11	5.050	10/01/2045	758532.55
California Health Facilities Financing	0.11	3.000	08/15/2051	749434.37
Metropolitan Transportation Authority	0.11	5.000	11/15/2044	747042.42
City Of Chicago Il	0.11	5.000	01/01/2044	746196.82
New York State Dormitory Authority	0.11	4.000	03/15/2047	744217.99
Massachusetts Bay Transportation Author	0.11	4.000	07/01/2051	743573.69
New York State Urban Development Corp	0.11	3.000	03/15/2050	742785.57
Pennsylvania Turnpike Commission Oil Fr	0.11	3.000	12/01/2051	741581.53
Austin Independent School District	0.11	4.000	08/01/2044	741532.78
Saugus Union School District School Fac	0.11	2.375	08/01/2044	741168.26
El Paso Independent School District	0.11	4.000	08/15/2048	736278.22
City Of Los Angeles Department Of Airpo	0.11	4.000	05/15/2048	735967.22
Los Angeles Unified School District/Ca	0.11	4.000	07/01/2049	734784.98
Southwestern Community College District	0.11	4.000	08/01/2047	734086.71
South Carolina Jobs-Economic Developmen	0.11	4.250	11/01/2047	730511.02
Conroe Independent School District	0.10	4.250	02/15/2050	727583.63
San Francisco City & County Airport Com	0.10	5.000	05/01/2047	723467.52
Virginia Housing Development Authority	0.10	2.550	12/01/2046	720401.93
Orange County Health Facilities Authori	0.10	4.500	10/01/2056	718087.88
North Texas Tollway Authority	0.10	4.250	01/01/2049	714613.62
California Statewide Communities Develo	0.10	3.000	04/01/2051	709807.03
Waxahachie Independent School District	0.10	4.000	02/15/2049	708700.22
Oklahoma Water Resources Board	0.10	4.000	10/01/2049	706883.48
Grand Parkway Transportation Corp	0.10	4.000	10/01/2049	703162.86
Joshua Independent School District	0.10	4.000	08/15/2049	697272.17
Maine Turnpike Authority	0.10	4.000	07/01/2050	695827.88
California Health Facilities Financing	0.10	4.000	06/01/2050	681542.21
Triborough Bridge & Tunnel Authority	0.10	4.000	05/15/2051	679767.47
Idaho Housing & Finance Association	0.10	4.600	01/01/2049	674368.30
Colorado Health Facilities Authority	0.10	4.000	11/15/2043	672601.24
Oklahoma Turnpike Authority	0.10	4.000	01/01/2048	668794.50
Florida Higher Educational Facilities F	0.10	4.000	12/01/2050	662701.01
Brookhaven Development Authority	0.10	4.000	07/01/2044	661591.26
University Of Nebraska Facilities Corp/	0.10	4.000	07/15/2059	660885.12
Industrial Development Authority Of The	0.09	4.000	04/01/2046	658731.32
West Virginia Parkways Authority	0.09	5.000	06/01/2047	653644.70
State Of California	0.09	5.000	12/01/2046	651217.19
Hampton Roads Transportation Accountabi	0.09	5.000	07/01/2050	650500.81
Grand Parkway Transportation Corp	0.09	5.000	10/01/2048	649578.94
Commonwealth Of Massachusetts	0.09	5.000	11/01/2045	647353.16
Arlington Higher Education Finance Corp	0.09	4.000	08/15/2044	643487.64
New York City Municipal Water Finance A	0.09	3.750	06/15/2047	638483.29
Washington Metropolitan Area Transit Au	0.09	3.000	07/15/2043	635650.78
City Of Shreveport La Water & Sewer Rev	0.09	4.000	12/01/2049	634442.44
City Of Colorado Springs Co Utilities S	0.09	5.000	11/15/2050	628534.85
Minnesota Housing Finance Agency	0.09	2.150	07/01/2045	627947.44
City Of Henderson Nv	0.09	4.000	06/01/2050	627733.90
El Dorado Irrigation District	0.09	4.000	03/01/2045	624832.52
Rhode Island Health And Educational Bui	0.09	5.625	07/01/2065	621030.06
City Of Lubbock Tx Electric Light & Pow	0.09	4.000	04/15/2046	620015.34
King County Public Hospital District No	0.09	4.000	12/01/2045	614432.75
Commonwealth Of Massachusetts Transport	0.09	3.000	06/01/2050	612897.39
New York Liberty Development Corp	0.09	4.000	02/15/2043	607126.34
San Francisco Bay Area Rapid Transit Di	0.09	4.000	08/01/2045	598957.96
New York City Municipal Water Finance A	0.09	4.000	06/15/2050	595944.57
New Jersey Transportation Trust Fund Au	0.09	4.500	06/15/2049	595325.69
South Broward Hospital District	0.09	3.000	05/01/2046	593477.73
San Diego Unified School District/Ca	0.08	4.000	07/01/2047	585214.28
Massachusetts School Building Authority	0.08	5.000	02/15/2044	583589.26
Great Lakes Water Authority Water Suppl	0.08	5.000	07/01/2046	579053.08
Monroe County Industrial Development Co	0.08	4.000	12/01/2046	575919.34
Perris Union High School District/Ca	0.08	4.000	09/01/2043	573550.61
Chester County Health And Education Fac	0.08	4.000	09/01/2050	568030.18
State Of California	0.08	3.625	10/01/2047	567370.54
Los Angeles County Public Works Financi	0.08	5.000	12/01/2045	561888.88
Southern California Public Power Author	0.08	5.250	07/01/2043	557827.77
Harris County Cultural Education Facili	0.08	4.000	12/01/2045	557140.62
Iowa Finance Authority	0.08	5.000	08/01/2049	552662.66
Fishers Town Hall Building Corp	0.08	5.625	07/15/2048	551916.65
Irvine Facilities Financing Authority	0.08	5.000	09/01/2043	549797.13
Lower Colorado River Authority	0.08	5.250	05/15/2050	546972.64
Philadelphia Authority For Industrial D	0.08	5.500	07/01/2053	541719.54
Kentucky State Property & Building Comm	0.08	5.000	10/01/2044	541391.49
Colorado Bridge & Tunnel Enterprise	0.08	5.250	12/01/2049	541354.47
San Francisco City & County Airport Com	0.08	5.000	05/01/2049	539854.26
University Of California	0.08	5.000	05/15/2043	537108.34
California Health Facilities Financing	0.08	5.250	12/01/2044	536365.52
City Of Philadelphia Pa Water & Wastewa	0.08	5.250	09/01/2049	536069.12
University Of California	0.08	5.000	05/15/2046	535924.09
City Of Seattle Wa Municipal Light & Po	0.08	5.250	02/01/2055	535613.97
City Of San Antonio Tx Electric & Gas S	0.08	5.000	02/01/2044	535080.21
State Of California	0.08	5.000	11/01/2047	533848.90
Hampton Roads Transportation Accountabi	0.08	4.000	07/01/2057	533380.51
Commonwealth Of Massachusetts	0.08	5.000	01/01/2049	530283.19
City Of Chicago Il Waterworks Revenue	0.08	5.250	11/01/2053	529117.77
City Of Philadelphia Pa Water & Wastewa	0.08	5.250	09/01/2054	528735.47
South Jersey Transportation Authority	0.08	5.000	11/01/2045	528261.91
Virginia Small Business Financing Autho	0.08	5.500	12/01/2054	527640.50
Municipal Electric Authority Of Georgia	0.08	5.250	01/01/2049	527100.42
City Of Tampa Fl Water & Wastewater Sys	0.08	5.000	10/01/2047	526799.64
City Of Chicago Il Wastewater Transmiss	0.08	5.250	01/01/2053	524950.82
State Of Illinois	0.08	5.250	05/01/2049	524420.07
Florida Atlantic University Finance Cor	0.08	5.000	07/01/2049	523847.59
Triborough Bridge & Tunnel Authority	0.08	5.000	11/15/2051	523675.54
Los Angeles Department Of Water & Power	0.08	5.000	07/01/2047	523173.64
Southern California Public Power Author	0.08	5.250	07/01/2053	522845.87
Connecticut Housing Finance Authority	0.08	4.700	11/15/2043	522272.26
New York City Municipal Water Finance A	0.08	5.000	06/15/2051	522157.11
Los Angeles Department Of Water & Power	0.08	5.250	07/01/2053	521928.32
Colorado Health Facilities Authority	0.08	5.000	11/01/2044	521894.06
North Carolina Turnpike Authority	0.08	5.000	01/01/2044	521364.94
Lower Colorado River Authority	0.08	5.000	05/15/2043	521267.04
Iowa Finance Authority	0.08	4.850	07/01/2043	520848.56
California Infrastructure & Economic De	0.07	5.000	05/15/2047	520516.39
New York State Urban Development Corp	0.07	5.000	03/15/2043	519867.46
Macon Water Authority	0.07	5.000	10/01/2054	518559.94
Hampton Roads Transportation Accountabi	0.07	5.000	07/01/2060	516737.94
Los Angeles Department Of Water & Power	0.07	5.000	07/01/2055	516411.24
University Of Houston	0.07	5.000	02/15/2056	516269.74
Pennsylvania Housing Finance Agency	0.07	4.850	10/01/2043	515615.76
Triborough Bridge & Tunnel Authority	0.07	5.000	05/15/2056	515026.18
Port Of Greater Cincinnati Development	0.07	5.000	12/01/2053	514490.68
New York State Dormitory Authority	0.07	5.000	03/15/2049	514279.51
University Of Wisconsin Hospitals & Cli	0.07	5.000	04/01/2049	513814.99
New York State Dormitory Authority	0.07	5.000	03/15/2048	513729.60
County Of Sarasota Fl Utility System Re	0.07	5.000	10/01/2050	513258.14
Indianapolis Local Public Improvement B	0.07	5.000	02/01/2049	512597.66
Ysleta Independent School District	0.07	5.000	08/15/2056	512366.59
Metropolitan Transportation Authority D	0.07	5.000	11/15/2051	512169.09
Chaffey Joint Union High School Distric	0.07	5.250	08/01/2047	510525.77
Illinois Finance Authority	0.07	5.000	11/15/2045	510200.04
County Of Broward Fl Port Facilities Re	0.07	5.000	09/01/2049	509129.53
Municipal Electric Authority Of Georgia	0.07	5.000	01/01/2063	507697.04
Indiana Housing & Community Development	0.07	4.750	07/01/2049	507629.67
Triborough Bridge & Tunnel Authority	0.07	4.500	05/15/2047	507424.65
Missouri Housing Development Commission	0.07	4.350	11/01/2044	507051.44
Massachusetts Development Finance Agenc	0.07	5.000	07/01/2044	507039.14
District Of Columbia	0.07	5.000	07/15/2044	506212.67
City Of Philadelphia Pa Water & Wastewa	0.07	5.000	10/01/2047	505825.34
City Of Philadelphia Pa Water & Wastewa	0.07	5.000	10/01/2052	504286.09
Fremont Union High School District	0.07	4.000	08/01/2046	502045.14
New Jersey Housing & Mortgage Finance A	0.07	4.800	10/01/2053	501370.52
Omaha-Douglas Public Building Commissio	0.07	4.000	05/01/2050	500998.02
State Of California	0.07	4.000	10/01/2044	500962.01
New York City Housing Development Corp	0.07	4.800	02/01/2053	500785.07
County Of Cuyahoga Oh	0.07	5.500	02/15/2057	499534.73
District Of Columbia	0.07	5.000	07/01/2048	499323.94
County Of Cuyahoga Oh	0.07	5.250	02/15/2047	497992.48
San Mateo Foster City Public Financing	0.07	4.000	08/01/2044	497823.89
Texas Water Development Board	0.07	4.000	10/15/2045	494823.73
Nebraska Investment Finance Authority	0.07	4.800	09/01/2053	493326.53
South Carolina Jobs-Economic Developmen	0.07	4.500	11/01/2054	491978.15
New York State Dormitory Authority	0.07	4.000	07/01/2048	491753.08
New York City Transitional Finance Auth	0.07	4.375	05/01/2053	488999.17
Minnesota Housing Finance Agency	0.07	5.150	07/01/2045	488830.81
New York State Environmental Facilities	0.07	4.000	06/15/2049	484574.99
Harris County Flood Control District	0.07	4.000	10/01/2045	482909.06
Sacramento City Unified School District	0.07	4.000	08/01/2049	482192.94
Arizona Industrial Development Authorit	0.07	4.000	06/01/2044	480023.42
Virginia Small Business Financing Autho	0.07	4.000	01/01/2045	477353.86
Municipal Electric Authority Of Georgia	0.07	4.500	07/01/2063	475857.35
New York City Transitional Finance Auth	0.07	4.000	11/01/2047	475563.09
Halifax Hospital Medical Center	0.07	4.000	06/01/2046	473139.73
Ventura Unified School District	0.07	4.000	08/01/2052	472446.89
Regents Of The University Of California	0.07	4.000	05/15/2053	470860.61
Waller Consolidated Independent School	0.07	4.000	02/15/2048	468869.96
New York Power Authority	0.07	4.000	11/15/2050	465566.46
San Francisco Bay Area Rapid Transit Di	0.07	3.000	08/01/2049	462243.44
Washington State Housing Finance Commis	0.07	5.000	07/01/2054	456241.54
Los Angeles Department Of Water & Power	0.07	5.250	07/01/2045	456162.41
South Carolina Public Service Authority	0.07	4.000	12/01/2052	451841.12
New York State Thruway Authority	0.06	4.000	03/15/2055	444604.34
New York State Dormitory Authority	0.06	4.000	07/01/2043	442692.03
Miami-Dade County Health Facilities Aut	0.06	4.000	08/01/2051	441614.69
Illinois Housing Development Authority	0.06	4.750	10/01/2049	441467.56
University Of Nebraska Facilities Corp/	0.06	4.000	07/15/2062	439021.38
District Of Columbia Income Tax Revenue	0.06	2.625	03/01/2045	433992.44
New York City Housing Development Corp	0.06	3.050	11/01/2049	430718.60
Maryland Health & Higher Educational Fa	0.06	4.000	01/01/2051	420928.56
New York State Urban Development Corp	0.06	3.000	03/15/2048	416548.76
Michigan State Housing Development Auth	0.06	3.350	10/01/2049	402590.83
Great Lakes Water Authority Water Suppl	0.06	5.000	07/01/2046	396227.52
New York City Transitional Finance Auth	0.06	2.250	02/01/2051	396153.49
Maryland Health & Higher Educational Fa	0.06	3.000	07/01/2046	394767.72
Colorado Health Facilities Authority	0.06	3.250	08/01/2049	394350.07
City Of San Francisco Ca Public Utiliti	0.06	3.000	11/01/2050	382781.47
Metropolitan Transportation Authority	0.06	4.000	11/15/2043	382621.29
Georgia State Road & Tollway Authority	0.06	3.000	07/15/2051	382278.08
City Of Salt Lake City Ut Airport Reven	0.05	5.000	07/01/2043	374018.50
Minnesota Housing Finance Agency	0.05	2.500	07/01/2051	368024.13
State Of California	0.05	3.000	12/01/2043	350990.65
Massachusetts Port Authority	0.05	5.000	07/01/2044	323300.30
New Jersey Transportation Trust Fund Au	0.05	3.500	06/15/2046	316303.70
County Of Hillsborough Fl	0.04	2.250	08/01/2051	307650.15
New Jersey Health Care Facilities Finan	0.04	2.500	07/01/2051	307230.42
Pennsylvania Turnpike Commission Oil Fr	0.04	5.000	12/01/2048	300823.71
Commonwealth Of Massachusetts	0.04	3.000	03/01/2048	281521.63
Downtown Revitalization Public Infrastr	0.04	5.500	06/01/2055	272485.13
New York City Transitional Finance Auth	0.04	3.000	07/15/2049	266470.60
Palm Beach County Health Facilities Aut	0.04	4.000	05/15/2053	266100.22
Tennessee Housing Development Agency	0.04	2.950	07/01/2049	257127.79
Glendale Community College District/Ca	0.04	3.000	08/01/2047	255320.27
County Of Hamilton Oh	0.04	5.000	01/01/2046	252307.10
Colorado High Performance Transportatio	0.04	5.000	12/31/2051	252130.10
Wisconsin Health & Educational Faciliti	0.04	5.000	02/15/2046	252008.74
Development Authority Of Burke County/T	0.04	4.125	11/01/2045	250558.48
New Mexico Mortgage Finance Authority	0.04	3.050	07/01/2044	249471.84
Las Vegas Valley Water District	0.04	4.000	06/01/2046	246872.04
County Of Franklin Oh	0.04	4.125	05/15/2045	245536.17
County Of Franklin Oh	0.03	4.000	05/15/2047	235526.43
State Of New York Mortgage Agency Homeo	0.03	2.550	04/01/2050	233877.38
City Of Seattle Wa Municipal Light & Po	0.03	4.000	07/01/2051	232755.96
Metropolitan Transportation Authority	0.03	4.000	11/15/2046	232689.93
Michigan Finance Authority	0.03	4.000	12/01/2049	221633.76
County Of Utah Ut	0.02	3.000	05/15/2047	166624.35
Michigan Finance Authority	0.00	5.000	12/01/2042	21179.35
	1.47	--	--	10175340.28
Other/Cash	-0.91	--	--	-6329282.02

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

Portfolio

Sector Weightings (%)
Credit Quality (%)
Years to Maturity
Geographical Weightings (%)

Sector Weightings (%) as at 03/31/2026

Sector
% of Net Assets
Tax
14.89
Local GO
14.79
Hospitals
11.94
Water & Sewer
8.34
Education
6.76
State GO
6.46
Single Family Housing
5.97
Toll & Turnpike
5.91
Transportation
4.62
Leasing COPS & Appropriations
4.14
Power
3.67
Airport
3.23
Utilities - Other
2.58
Misc
1.89
Multi-Family Housing
1.57
Unassigned
1.31
Health
0.85
Tobacco
0.49
Industrial Development Revenue
0.41
Pollution Control
0.18

Credit Quality (%) as of 03/31/2026

Composite		% of Net Assets
Investment Grade	AAA	15.78
	AA	50.94
	A	14.79
	BBB	2.88
Total Investment Grade	--	84.40
Not Rated	--	15.60

If more than one rating is available for an underlying security, the lower of the two ratings is used. If a bond issued by a national government, national government agency or supranational issuer is not rated, the issuer’s credit rating will be used. If two issuer ratings are available, the lower of the two is used. If only one rating is available in all scenarios, we will use the rating provided. If no rating is available, the security will be not rated. Not rated securities do not necessarily indicate lower credit quality. Ratings and portfolio credit quality may change over time.

Years to Maturity as at 03/31/2026

Years
Maturity (%)
< 1
0.00
1 - 3
0.00
3 - 5
0.00
5 - 7
0.00
7 - 10
0.00
10 - 15
0.00
15 - 20
26.70
20 - 30
67.70
30 +
5.70

Fees

Distributions

Distribution History

Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains

Ex-date	Record Date	Payable date	Dividend Income^‡	Short-Term Capital Gains	Long-Term Capital Gains	Return of Capital	Total Distributions
04/01/2026	04/01/2026	04/07/2026	$ 0.0603	--	--	--	$ 0.06
03/02/2026	03/02/2026	03/05/2026	$ 0.0509	--	--	--	$ 0.05
02/02/2026	02/02/2026	02/05/2026	$ 0.0577	--	--	--	$ 0.06
12/29/2025	12/29/2025	12/31/2025	$ 0.0575	--	--	--	$ 0.06
11/28/2025	11/28/2025	12/03/2025	$ 0.0532	--	--	--	$ 0.05
11/03/2025	11/03/2025	11/06/2025	$ 0.0569	--	--	--	$ 0.06
10/01/2025	10/01/2025	10/06/2025	$ 0.0518	--	--	--	$ 0.05
09/02/2025	09/02/2025	09/05/2025	$ 0.0545	--	--	--	$ 0.05
08/01/2025	08/01/2025	08/06/2025	$ 0.0558	--	--	--	$ 0.06
07/01/2025	07/01/2025	07/07/2025	$ 0.0530	--	--	--	$ 0.05
06/02/2025	06/02/2025	06/05/2025	$ 0.0565	--	--	--	$ 0.06
05/01/2025	05/01/2025	05/06/2025	$ 0.0525	--	--	--	$ 0.05
04/01/2025	04/01/2025	04/04/2025	$ 0.0585	--	--	--	$ 0.06
03/03/2025	03/03/2025	03/06/2025	$ 0.0489	--	--	--	$ 0.05
02/03/2025	02/03/2025	02/06/2025	$ 0.0543	--	--	--	$ 0.05
12/27/2024	12/27/2024	12/30/2024	$ 0.0562	--	--	--	$ 0.06
12/02/2024	12/02/2024	12/05/2024	$ 0.0527	--	--	--	$ 0.05
11/01/2024	11/01/2024	11/06/2024	$ 0.0572	--	--	--	$ 0.06
10/01/2024	10/01/2024	10/04/2024	$ 0.0515	--	--	--	$ 0.05
09/03/2024	09/03/2024	09/06/2024	$ 0.0511	--	--	--	$ 0.05
08/01/2024	08/01/2024	08/06/2024	$ 0.0551	--	--	--	$ 0.06
07/01/2024	07/01/2024	07/05/2024	$ 0.0527	--	--	--	$ 0.05
06/03/2024	06/03/2024	06/06/2024	$ 0.0536	--	--	--	$ 0.05
05/01/2024	05/02/2024	05/07/2024	$ 0.0506	--	--	--	$ 0.05
04/01/2024	04/02/2024	04/05/2024	$ 0.0561	--	--	--	$ 0.06
03/01/2024	03/04/2024	03/07/2024	$ 0.0523	--	--	--	$ 0.05
02/01/2024	02/02/2024	02/07/2024	$ 0.0536	--	--	--	$ 0.05
12/27/2023	12/28/2023	12/29/2023	$ 0.0515	--	--	--	$ 0.05
12/01/2023	12/04/2023	12/07/2023	$ 0.0499	--	--	--	$ 0.05
11/01/2023	11/02/2023	11/07/2023	$ 0.0541	--	--	--	$ 0.05
10/02/2023	10/03/2023	10/06/2023	$ 0.0520	--	--	--	$ 0.05
09/01/2023	09/05/2023	09/08/2023	$ 0.0517	--	--	--	$ 0.05
08/01/2023	08/02/2023	08/10/2023	$ 0.0437	--	--	--	$ 0.04
07/03/2023	07/05/2023	07/07/2023	$ 0.0488	--	--	--	$ 0.05
06/01/2023	06/02/2023	06/07/2023	$ 0.0487	--	--	--	$ 0.05
05/01/2023	05/02/2023	05/05/2023	$ 0.0443	--	--	--	$ 0.04
04/03/2023	04/04/2023	04/10/2023	$ 0.0521	--	--	--	$ 0.05
03/01/2023	03/02/2023	03/07/2023	$ 0.0394	--	--	--	$ 0.04
02/01/2023	02/02/2023	02/07/2023	$ 0.0462	--	--	--	$ 0.05
12/28/2022	12/29/2022	12/30/2022	$ 0.0391	--	--	--	$ 0.04
12/01/2022	12/02/2022	12/07/2022	$ 0.0399	--	--	--	$ 0.04
11/01/2022	11/02/2022	11/07/2022	$ 0.0423	--	--	--	$ 0.04
10/03/2022	10/04/2022	10/07/2022	$ 0.0386	--	--	--	$ 0.04
09/01/2022	09/02/2022	09/08/2022	$ 0.0396	--	--	--	$ 0.04
08/01/2022	08/02/2022	08/05/2022	$ 0.0406	--	--	--	$ 0.04
07/01/2022	07/05/2022	07/08/2022	$ 0.0405	--	--	--	$ 0.04
06/01/2022	06/02/2022	06/07/2022	$ 0.0394	--	--	--	$ 0.04
05/02/2022	05/03/2022	05/06/2022	$ 0.0379	--	--	--	$ 0.04
04/01/2022	04/04/2022	04/07/2022	$ 0.0369	--	--	--	$ 0.04
03/01/2022	03/02/2022	03/07/2022	$ 0.0325	--	--	--	$ 0.03
02/01/2022	02/02/2022	02/07/2022	$ 0.0383	--	--	--	$ 0.04
12/29/2021	12/30/2021	12/31/2021	$ 0.0386	--	$ 0.0698	--	$ 0.11
12/01/2021	12/02/2021	12/07/2021	$ 0.0364	--	--	--	$ 0.04
11/01/2021	11/02/2021	11/05/2021	$ 0.0399	--	--	--	$ 0.04
10/01/2021	10/04/2021	10/07/2021	$ 0.0368	--	--	--	$ 0.04
09/01/2021	09/02/2021	09/08/2021	$ 0.0399	--	--	--	$ 0.04
08/02/2021	08/03/2021	08/06/2021	$ 0.0406	--	--	--	$ 0.04
07/01/2021	07/02/2021	07/08/2021	$ 0.0381	--	--	--	$ 0.04
06/01/2021	06/02/2021	06/07/2021	$ 0.0419	--	--	--	$ 0.04
05/03/2021	05/04/2021	05/07/2021	$ 0.0407	--	--	--	$ 0.04
04/01/2021	04/05/2021	04/08/2021	$ 0.0449	--	--	--	$ 0.04
03/01/2021	03/02/2021	03/05/2021	$ 0.0358	--	--	--	$ 0.04
02/01/2021	02/02/2021	02/05/2021	$ 0.0409	--	--	--	$ 0.04
12/29/2020	12/30/2020	01/05/2021	$ 0.0441	--	$ 0.0411	--	$ 0.09
12/01/2020	12/02/2020	12/07/2020	$ 0.0422	--	--	--	$ 0.04
11/02/2020	11/03/2020	11/06/2020	$ 0.0458	--	--	--	$ 0.05
10/01/2020	10/02/2020	10/07/2020	$ 0.0427	--	--	--	$ 0.04
09/01/2020	09/02/2020	09/08/2020	$ 0.0454	--	--	--	$ 0.05
08/03/2020	08/04/2020	08/07/2020	$ 0.0478	--	--	--	$ 0.05
07/01/2020	07/02/2020	07/08/2020	$ 0.0440	--	--	--	$ 0.04
06/01/2020	06/02/2020	06/05/2020	$ 0.0471	--	--	--	$ 0.05
05/01/2020	05/04/2020	05/07/2020	$ 0.0438	--	--	--	$ 0.04
04/01/2020	04/02/2020	04/07/2020	$ 0.0472	--	--	--	$ 0.05
03/02/2020	03/03/2020	03/06/2020	$ 0.0446	--	--	--	$ 0.04
02/03/2020	02/04/2020	02/07/2020	$ 0.0482	--	--	--	$ 0.05
12/30/2019	12/31/2019	01/06/2020	$ 0.0476	--	$ 0.0217	--	$ 0.07
12/02/2019	12/03/2019	12/06/2019	$ 0.0463	--	--	--	$ 0.05
11/01/2019	11/04/2019	11/07/2019	$ 0.0476	--	--	--	$ 0.05
10/01/2019	10/02/2019	10/07/2019	$ 0.0467	--	--	--	$ 0.05
09/03/2019	09/04/2019	09/09/2019	$ 0.0462	--	--	--	$ 0.05
08/01/2019	08/02/2019	08/07/2019	$ 0.0504	--	--	--	$ 0.05
07/01/2019	07/02/2019	07/08/2019	$ 0.0483	--	--	--	$ 0.05
06/03/2019	06/04/2019	06/07/2019	$ 0.0503	--	--	--	$ 0.05
05/01/2019	05/02/2019	05/07/2019	$ 0.0473	--	--	--	$ 0.05
04/01/2019	04/02/2019	04/05/2019	$ 0.0517	--	--	--	$ 0.05
03/01/2019	03/04/2019	03/07/2019	$ 0.0465	--	--	--	$ 0.05
02/01/2019	02/04/2019	02/07/2019	$ 0.0531	--	--	--	$ 0.05
12/27/2018	12/28/2018	01/03/2019	$ 0.0509	--	--	--	$ 0.05
12/03/2018	12/04/2018	12/07/2018	$ 0.0494	--	--	--	$ 0.05
11/01/2018	11/02/2018	11/07/2018	$ 0.0532	--	--	--	$ 0.05
10/01/2018	10/02/2018	10/05/2018	$ 0.0492	--	--	--	$ 0.05
09/04/2018	09/05/2018	09/10/2018	$ 0.0507	--	--	--	$ 0.05
08/01/2018	08/02/2018	08/07/2018	$ 0.0506	--	--	--	$ 0.05
07/02/2018	07/03/2018	07/09/2018	$ 0.0491	--	--	--	$ 0.05
06/01/2018	06/04/2018	06/07/2018	$ 0.0498	--	--	--	$ 0.05
05/01/2018	05/02/2018	05/07/2018	$ 0.0489	--	--	--	$ 0.05
04/02/2018	04/03/2018	04/06/2018	$ 0.0526	--	--	--	$ 0.05
03/01/2018	03/02/2018	03/07/2018	$ 0.0466	--	--	--	$ 0.05
02/01/2018	02/02/2018	02/07/2018	$ 0.0530	--	--	--	$ 0.05
12/27/2017	12/28/2017	01/03/2018	$ 0.0509	--	--	--	$ 0.05
12/01/2017	12/04/2017	12/07/2017	$ 0.0479	--	--	--	$ 0.05
11/01/2017	11/02/2017	11/07/2017	$ 0.0489	--	--	--	$ 0.05
10/02/2017	10/03/2017	10/06/2017	$ 0.0484	--	--	--	$ 0.05
09/01/2017	09/06/2017	09/08/2017	$ 0.0512	--	--	--	$ 0.05
08/01/2017	08/03/2017	08/07/2017	$ 0.0499	--	--	--	$ 0.05
07/03/2017	07/06/2017	07/10/2017	$ 0.0487	--	--	--	$ 0.05
06/01/2017	06/05/2017	06/07/2017	$ 0.0498	--	--	--	$ 0.05
05/01/2017	05/03/2017	05/05/2017	$ 0.0479	--	--	--	$ 0.05
04/03/2017	04/05/2017	04/07/2017	$ 0.0508	--	--	--	$ 0.05
03/01/2017	03/03/2017	03/07/2017	$ 0.0457	--	--	--	$ 0.05
02/01/2017	02/03/2017	02/07/2017	$ 0.0513	--	--	--	$ 0.05
12/28/2016	12/30/2016	01/04/2017	$ 0.0532	--	--	--	$ 0.05
12/01/2016	12/05/2016	12/07/2016	$ 0.0529	--	--	--	$ 0.05
11/01/2016	11/03/2016	11/07/2016	$ 0.0511	--	--	--	$ 0.05
10/03/2016	10/05/2016	10/07/2016	$ 0.0497	--	--	--	$ 0.05
09/01/2016	09/06/2016	09/08/2016	$ 0.0501	--	--	--	$ 0.05
08/01/2016	08/03/2016	08/05/2016	$ 0.0513	--	--	--	$ 0.05
07/01/2016	07/06/2016	07/08/2016	$ 0.0490	--	--	--	$ 0.05
06/01/2016	06/03/2016	06/07/2016	$ 0.0500	--	--	--	$ 0.05
05/02/2016	05/04/2016	05/06/2016	$ 0.0501	--	--	--	$ 0.05
04/01/2016	04/05/2016	04/07/2016	$ 0.0533	--	--	--	$ 0.05
03/01/2016	03/03/2016	03/07/2016	$ 0.0447	--	--	--	$ 0.04
02/01/2016	02/03/2016	02/05/2016	$ 0.0563	--	--	--	$ 0.06
12/29/2015	12/31/2015	01/05/2016	$ 0.0538	--	--	--	$ 0.05
12/01/2015	12/03/2015	12/07/2015	$ 0.0519	--	--	--	$ 0.05
11/02/2015	11/04/2015	11/06/2015	$ 0.0561	--	--	--	$ 0.06
10/01/2015	10/05/2015	10/07/2015	$ 0.0556	--	--	--	$ 0.06
09/01/2015	09/03/2015	09/08/2015	$ 0.0571	--	--	--	$ 0.06
08/03/2015	08/05/2015	08/07/2015	$ 0.0577	--	--	--	$ 0.06
07/01/2015	07/06/2015	07/08/2015	$ 0.0566	--	--	--	$ 0.06
06/01/2015	06/03/2015	06/05/2015	$ 0.0619	--	--	--	$ 0.06
05/01/2015	05/05/2015	05/07/2015	$ 0.0567	--	--	--	$ 0.06
04/01/2015	04/06/2015	04/08/2015	$ 0.0587	--	--	--	$ 0.06
03/02/2015	03/04/2015	03/06/2015	$ 0.0519	--	--	--	$ 0.05
02/02/2015	02/04/2015	02/06/2015	$ 0.0551	--	--	--	$ 0.06
12/29/2014	12/31/2014	01/05/2015	$ 0.0605	--	--	--	$ 0.06
12/01/2014	12/03/2014	12/05/2014	$ 0.0556	--	--	--	$ 0.06
11/03/2014	11/05/2014	11/07/2014	$ 0.0608	--	--	--	$ 0.06
10/01/2014	10/03/2014	10/07/2014	$ 0.0592	--	--	--	$ 0.06
09/02/2014	09/04/2014	09/08/2014	$ 0.0622	--	--	--	$ 0.06
08/01/2014	08/05/2014	08/07/2014	$ 0.0630	--	--	--	$ 0.06
07/01/2014	07/03/2014	07/08/2014	$ 0.0628	--	--	--	$ 0.06
06/02/2014	06/04/2014	06/06/2014	$ 0.0645	--	--	--	$ 0.06
05/01/2014	05/05/2014	05/07/2014	$ 0.0638	--	--	--	$ 0.06
04/01/2014	04/03/2014	04/07/2014	$ 0.0650	--	--	--	$ 0.07
03/03/2014	03/05/2014	03/07/2014	$ 0.0620	--	--	--	$ 0.06
02/03/2014	02/05/2014	02/07/2014	$ 0.0710	--	--	--	$ 0.07
12/27/2013	12/31/2013	01/03/2014	$ 0.0690	--	--	--	$ 0.07
12/02/2013	12/04/2013	12/06/2013	$ 0.0644	--	--	--	$ 0.06
11/01/2013	11/05/2013	11/07/2013	$ 0.0648	--	--	--	$ 0.06
10/01/2013	10/03/2013	10/07/2013	$ 0.0648	--	--	--	$ 0.06
09/03/2013	09/05/2013	09/09/2013	$ 0.0687	--	--	--	$ 0.07
08/01/2013	08/05/2013	08/07/2013	$ 0.0646	--	--	--	$ 0.06
07/01/2013	07/03/2013	07/08/2013	$ 0.0632	--	--	--	$ 0.06
06/03/2013	06/05/2013	06/07/2013	$ 0.0638	--	--	--	$ 0.06
05/01/2013	05/03/2013	05/07/2013	$ 0.0637	--	--	--	$ 0.06
04/01/2013	04/03/2013	04/05/2013	$ 0.0648	--	--	--	$ 0.06
03/01/2013	03/05/2013	03/07/2013	$ 0.0581	--	--	--	$ 0.06
02/01/2013	02/05/2013	02/07/2013	$ 0.0659	--	--	--	$ 0.07
12/27/2012	12/31/2012	01/03/2013	$ 0.0642	--	--	--	$ 0.06
12/03/2012	12/05/2012	12/07/2012	$ 0.0583	--	--	--	$ 0.06
11/01/2012	11/05/2012	11/07/2012	$ 0.0640	--	--	--	$ 0.06
10/01/2012	10/03/2012	10/05/2012	$ 0.0642	--	--	--	$ 0.06
09/04/2012	09/07/2012	09/10/2012	$ 0.0665	--	--	--	$ 0.07
08/01/2012	08/03/2012	08/07/2012	$ 0.0639	--	--	--	$ 0.06
07/02/2012	07/05/2012	07/09/2012	$ 0.0676	--	--	--	$ 0.07
06/01/2012	06/05/2012	06/07/2012	$ 0.0661	--	--	--	$ 0.07
05/01/2012	05/03/2012	05/07/2012	$ 0.0664	--	--	--	$ 0.07
04/02/2012	04/04/2012	04/09/2012	$ 0.0695	--	--	--	$ 0.07
03/01/2012	03/05/2012	03/07/2012	$ 0.0621	--	--	--	$ 0.06
02/01/2012	02/03/2012	02/07/2012	$ 0.0680	--	--	--	$ 0.07
12/28/2011	12/30/2011	01/04/2012	$ 0.0700	--	--	--	$ 0.07
12/01/2011	12/05/2011	12/07/2011	$ 0.0656	--	--	--	$ 0.07
11/01/2011	11/03/2011	11/07/2011	$ 0.0690	--	--	--	$ 0.07
10/03/2011	10/05/2011	10/07/2011	$ 0.0715	--	--	--	$ 0.07
09/01/2011	09/06/2011	09/08/2011	$ 0.0723	--	--	--	$ 0.07
08/01/2011	08/03/2011	08/05/2011	$ 0.0745	--	--	--	$ 0.07
07/01/2011	07/06/2011	07/08/2011	$ 0.0655	--	--	--	$ 0.07
06/01/2011	06/03/2011	06/07/2011	$ 0.0743	--	--	--	$ 0.07
05/02/2011	05/04/2011	05/06/2011	$ 0.0700	--	--	--	$ 0.07
04/01/2011	04/05/2011	04/07/2011	$ 0.0762	--	--	--	$ 0.08
03/01/2011	03/03/2011	03/07/2011	$ 0.0663	--	--	--	$ 0.07
02/01/2011	02/03/2011	02/07/2011	$ 0.0710	--	--	--	$ 0.07
12/29/2010	12/31/2010	01/05/2011	$ 0.0730	--	--	--	$ 0.07
12/01/2010	12/03/2010	12/07/2010	$ 0.0730	--	--	--	$ 0.07
11/01/2010	11/03/2010	11/05/2010	$ 0.0670	--	--	--	$ 0.07
10/01/2010	10/05/2010	10/07/2010	$ 0.0640	--	--	--	$ 0.06
09/01/2010	09/03/2010	09/08/2010	$ 0.0680	--	--	--	$ 0.07
08/02/2010	08/04/2010	08/06/2010	$ 0.0680	--	--	--	$ 0.07
07/01/2010	07/06/2010	07/08/2010	$ 0.0660	--	--	--	$ 0.07
06/01/2010	06/03/2010	06/07/2010	$ 0.0710	--	--	--	$ 0.07
05/03/2010	05/05/2010	05/07/2010	$ 0.0700	--	--	--	$ 0.07
04/01/2010	04/06/2010	04/08/2010	$ 0.0690	--	--	--	$ 0.07
03/01/2010	03/03/2010	03/05/2010	$ 0.0630	--	--	--	$ 0.06
02/01/2010	02/03/2010	02/05/2010	$ 0.0655	--	--	--	$ 0.07
12/29/2009	12/31/2009	01/05/2010	$ 0.0710	--	--	--	$ 0.07
12/01/2009	12/03/2009	12/07/2009	$ 0.0660	--	--	--	$ 0.07
11/02/2009	11/04/2009	11/06/2009	$ 0.0700	--	--	--	$ 0.07
10/01/2009	10/05/2009	10/07/2009	$ 0.0700	--	--	--	$ 0.07
09/01/2009	09/03/2009	09/08/2009	$ 0.0750	--	--	--	$ 0.07
08/03/2009	08/05/2009	08/07/2009	$ 0.0750	--	--	--	$ 0.07
07/01/2009	07/06/2009	07/08/2009	$ 0.0750	--	--	--	$ 0.07
06/01/2009	06/03/2009	06/05/2009	$ 0.0780	--	--	--	$ 0.08
05/01/2009	05/05/2009	05/07/2009	$ 0.0740	--	--	--	$ 0.07
04/01/2009	04/03/2009	04/07/2009	$ 0.0720	--	--	--	$ 0.07
03/02/2009	03/04/2009	03/06/2009	$ 0.0720	--	--	--	$ 0.07
02/02/2009	02/04/2009	02/06/2009	$ 0.0600	--	--	--	$ 0.06
12/26/2008	12/30/2008	01/06/2009	$ 0.0520	--	--	--	$ 0.05
12/01/2008	12/03/2008	12/05/2008	$ 0.0670	--	--	--	$ 0.07
11/03/2008	11/05/2008	11/07/2008	$ 0.0710	--	--	--	$ 0.07
10/01/2008	10/03/2008	10/07/2008	$ 0.0702	--	--	--	$ 0.07
09/02/2008	09/04/2008	09/09/2008	$ 0.0736	--	--	--	$ 0.07
08/01/2008	08/05/2008	08/07/2008	$ 0.0772	--	--	--	$ 0.08
07/01/2008	07/03/2008	07/08/2008	$ 0.0740	--	--	--	$ 0.07
06/02/2008	06/04/2008	06/06/2008	$ 0.0760	--	--	--	$ 0.08
05/01/2008	05/05/2008	05/07/2008	$ 0.0556	--	--	--	$ 0.06
04/01/2008	04/03/2008	04/08/2008	$ 0.0696	--	--	--	$ 0.07
03/03/2008	03/05/2008	03/07/2008	$ 0.0724	--	--	--	$ 0.07
02/01/2008	02/05/2008	02/07/2008	$ 0.0598	--	--	--	$ 0.06

^‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

Click here to access more detailed yearend tax information

Team

Resources

Key Documents

Name
Frequency
VanEck ETF Guide
Annually
Summary Prospectus
Annually
Statutory Prospectus
Annually
SAI
Annually
Annual Report
Annually
Semi-Annual Report
Annually
Annual Financial Statements & Other Information
Annually
Semi Annual Financial Statements & Other Information
VanEck Yearend Dividends/Distributions
Annually
NAV & Premium/Discount History
Daily
All MLN Holdings
Daily
MBNL (Index) Performance History
Daily
Monthly ETF Yield Monitor
Monthly

Thought Leadership

Name
Frequency
Monthly ETF Yield Monitor
Monthly
VanEck’s Suite of Municipal Bond ETFs
Quarterly
Muni Performance Pack
Quarterly
Access Mega Trends with Thematic ETFs
AdHoc
Muni Relative Value Metrics

Aggregated Cash Flow (ACF)

Name
Frequency
Aggregated Cash Flows – Daily (Maturity)
Daily
Aggregated Cash Flows – Daily (Worst)
Daily
Aggregated Cash Flows – Last Month End (Maturity)
Monthly
Aggregated Cash Flows – Last Month End (Worst)
Monthly
Aggregated Cash Flows – Last Quarter End (Maturity)
Quarterly
Aggregated Cash Flows – Last Quarter End (Worst)
Quarterly

MLN VanEck Long Muni ETF

MLN VanEck Long Muni ETF

Resources

Overview

Why MLN

Yields as of 04/10/2026

Performance

Average Annual Total Returns* (%)

Holdings

Daily Holdings (%) as of 04/09/2026

Portfolio

Sector Weightings (%) as at 03/31/2026

Credit Quality (%) as of 03/31/2026

Years to Maturity as at 03/31/2026

Fees

Distributions

Distribution History

Team

Resources

Key Documents

Thought Leadership

Aggregated Cash Flow (ACF)

MLN

VanEck Long Muni ETF

MLN

VanEck Long Muni ETF