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MLN
VanEck Vectors AMT-Free Long Municipal Index ETF

  • Fund Description

    The VanEck 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 Bloomberg 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.

  •  
      

    • 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 11/17/17

    • 30-Day SEC Yield1

      2.75%
    • Total Net Assets

      $179.1M
    • Number of Holdings

      602
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      11/30/2017
  • Portfolio Composition (%)
    as of 11/17/17

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      99.49
    • Other

      0.00
    • Cash

      0.51
  • Download All Fund Holdings »Daily Holdings (%)as of 11/17/17

    Total Holdings: 602
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    State
    Currency
    % of Net
    Assets
    New Jersey Turnpike Authority
    5.000
    01/01/2045
    A
    NJ
    USD
    0.81
    New York City Transitional Finance Auth
    3.000
    02/01/2035
    AA+
    NY
    USD
    0.80
    Hudson Yards Infrastructure Corp
    5.000
    02/15/2042
    A+
    NY
    USD
    0.75
    Illinois Finance Authority
    5.000
    12/01/2034
    A-
    IL
    USD
    0.64
    Frisco Independent School District
    4.000
    08/15/2047
    AAA
    TX
    USD
    0.62
    Northeast Ohio Regional Sewer District
    5.000
    11/15/2044
    AA+
    OH
    USD
    0.61
    Los Angeles Department Of Water & Power
    5.000
    07/01/2046
    AA-
    CA
    USD
    0.60
    Pennsylvania Housing Finance Agency
    4.000
    10/01/2042
    AA
    PA
    USD
    0.58
    North Texas Tollway Authority
    4.000
    01/01/2039
    A
    TX
    USD
    0.56
    Utility Debt Securitization Authority
    5.000
    12/15/2041
    AAA
    NY
    USD
    0.55
    Dallas Area Rapid Transit
    5.000
    12/01/2035
    NR
    TX
    USD
    0.55
    Triborough Bridge & Tunnel Authority
    5.000
    11/15/2041
    AA-
    NY
    USD
    0.54
    Louisiana Public Facilities Authority
    5.000
    07/01/2056
    A-
    LA
    USD
    0.54
    Central Texas Turnpike System
    5.000
    08/15/2037
    BBB
    TX
    USD
    0.54
    San Diego Unified School District/Ca
    4.000
    07/01/2047
    AA+
    CA
    USD
    0.54
    Metropolitan Transportation Authority
    5.000
    11/15/2034
    A+
    NY
    USD
    0.53
    Central Texas Turnpike System
    5.000
    08/15/2041
    A-
    TX
    USD
    0.53
    State Of California
    5.000
    11/01/2043
    AA-
    CA
    USD
    0.53
    New York City Water & Sewer System
    5.000
    06/15/2036
    AA+
    NY
    USD
    0.53
    Virginia Housing Development Authority
    3.450
    04/01/2038
    AAA
    VA
    USD
    0.52
    Massachusetts School Building Authority
    5.000
    08/15/2037
    AA
    MA
    USD
    0.51
    Maricopa County Industrial Development
    4.000
    01/01/2038
    AA-
    AZ
    USD
    0.51
    Los Angeles Department Of Water
    5.000
    07/01/2037
    AA
    CA
    USD
    0.51
    Los Angeles Department Of Water & Power
    5.000
    07/01/2040
    AA-
    CA
    USD
    0.50
    State Of California
    4.500
    12/01/2043
    AA-
    CA
    USD
    0.50
    State Of California
    5.000
    09/01/2045
    AA-
    CA
    USD
    0.50
    Private Colleges & Universities Authori
    5.000
    10/01/2043
    AA
    GA
    USD
    0.49
    Chicago O'Hare International Airport
    5.000
    01/01/2047
    A
    IL
    USD
    0.49
    New York City Water & Sewer System
    5.000
    06/15/2044
    AA+
    NY
    USD
    0.49
    Texas Water Development Board
    5.000
    10/15/2040
    AAA
    TX
    USD
    0.47
    Washington Health Care Facilities Autho
    5.000
    08/15/2045
    AA-
    WA
    USD
    0.46
    Illinois Finance Authority
    5.000
    12/01/2046
    A-
    IL
    USD
    0.46
    Bay Area Toll Authority
    5.000
    10/01/2054
    A+
    CA
    USD
    0.46
    South Carolina Public Service Authority
    5.500
    12/01/2053
    A+
    SC
    USD
    0.45
    University Of Virginia
    5.000
    06/01/2043
    AAA
    VA
    USD
    0.45
    Pennsylvania Economic Development Finan
    6.000
    07/01/2053
    AA-
    PA
    USD
    0.45
    California Municipal Finance Authority
    4.000
    07/01/2047
    BBB
    CA
    USD
    0.45
    Leander Independent School District
    0.000
    08/16/2042
    --
    TX
    USD
    0.43
    Metropolitan Transportation Authority
    5.000
    11/15/2038
    A+
    NY
    USD
    0.43
    Port Authority Of New York & New Jersey
    5.000
    10/15/2041
    AA-
    NY
    USD
    0.43
    Michigan Finance Authority
    4.000
    12/01/2038
    AA-
    MI
    USD
    0.42
    County Of Miami-Dade Fl
    4.000
    10/01/2040
    A+
    FL
    USD
    0.42
    Michigan Finance Authority
    4.000
    11/15/2046
    A-
    MI
    USD
    0.41
    District Of Columbia
    4.000
    06/01/2036
    AA
    DC
    USD
    0.41
    Louisville & Jefferson County Metropoli
    3.250
    05/15/2046
    AA-
    KY
    USD
    0.40
    King County School District No 401 High
    4.000
    12/01/2035
    AA+
    WA
    USD
    0.39
    University Of Texas System/The
    4.000
    08/15/2044
    AAA
    TX
    USD
    0.39
    Tarrant County Cultural Education Facil
    2.250
    02/15/2036
    AA
    TX
    USD
    0.39
    State Of Connecticut Clean Water Fund -
    5.000
    05/01/2037
    AAA
    CT
    USD
    0.39
    California Health Facilities Financing
    4.000
    03/01/2039
    A
    CA
    USD
    0.38
    Massachusetts Bay Transportation Author
    4.000
    07/01/2035
    AA
    MA
    USD
    0.38
    Tennessee State School Bond Authority
    5.000
    11/01/2045
    AA+
    TN
    USD
    0.38
    New Hope Cultural Education Facilities
    5.000
    07/01/2046
    --
    TX
    USD
    0.38
    New Jersey Transportation Trust Fund Au
    5.000
    06/15/2038
    A-
    NJ
    USD
    0.38
    County Of Harris Tx
    5.000
    08/15/2041
    AA
    TX
    USD
    0.37
    Uab Medicine Finance Authority
    4.000
    09/01/2047
    A+
    AL
    USD
    0.37
    Illinois Finance Authority
    4.000
    06/01/2047
    AA
    IL
    USD
    0.36
    Commonwealth Of Massachusetts
    4.000
    04/01/2046
    AA+
    MA
    USD
    0.36
    Health & Educational Facilities Authori
    4.000
    01/01/2050
    AA
    MO
    USD
    0.35
    New York City Transitional Finance Auth
    3.000
    02/01/2037
    AA+
    NY
    USD
    0.35
    Pennsylvania Turnpike Commission
    5.000
    12/01/2040
    A+
    PA
    USD
    0.35
    Westchester County Local Development Co
    3.750
    11/01/2037
    BBB
    NY
    USD
    0.34
    Iowa Higher Education Loan Authority
    5.000
    12/01/2046
    AAA
    IA
    USD
    0.34
    Houston Independent School District
    5.000
    02/15/2035
    AAA
    TX
    USD
    0.34
    New York City Transitional Finance Auth
    5.000
    08/01/2040
    AA+
    NY
    USD
    0.33
    New York City Transitional Finance Auth
    5.000
    08/01/2035
    AA+
    NY
    USD
    0.33
    New Orleans Aviation Board
    5.000
    01/01/2048
    A-
    LA
    USD
    0.33
    Chicago O'Hare International Airport
    5.000
    01/01/2041
    A
    IL
    USD
    0.33
    City Of Chicago Il
    6.000
    01/01/2038
    BBB
    IL
    USD
    0.33
    New York City Transitional Finance Auth
    5.000
    08/01/2039
    AA+
    NY
    USD
    0.33
    North Royalton City School District
    5.000
    12/01/2047
    --
    OH
    USD
    0.33
    City Of Portland Or Sewer System Revenu
    4.000
    10/01/2039
    AA-
    OR
    USD
    0.33
    California Statewide Communities Develo
    5.000
    05/15/2035
    A+
    CA
    USD
    0.32
    Chicago O'Hare International Airport
    5.000
    01/01/2046
    A
    IL
    USD
    0.32
    Great Lakes Water Authority Water Suppl
    5.000
    07/01/2046
    BBB+
    MI
    USD
    0.32
    University Of Wisconsin Hospitals & Cli
    4.000
    03/01/2043
    A+
    WI
    USD
    0.32
    Chicago Transit Authority
    5.000
    12/01/2051
    --
    IL
    USD
    0.32
    Massachusetts Development Finance Agenc
    5.000
    08/15/2045
    A+
    MA
    USD
    0.32
    Nebraska Public Power District
    5.000
    01/01/2040
    A+
    NE
    USD
    0.32
    Central Texas Turnpike System
    5.000
    08/15/2042
    BBB
    TX
    USD
    0.32
    Build Nyc Resource Corp
    5.000
    07/01/2041
    BBB-
    NY
    USD
    0.32
    South Carolina Public Service Authority
    5.000
    12/01/2048
    A+
    SC
    USD
    0.31
    California Public Finance Authority
    5.000
    10/15/2037
    BBB-
    CA
    USD
    0.31
    New Hope Cultural Education Facilities
    5.000
    07/01/2051
    AA+
    TX
    USD
    0.31
    Golden State Tobacco Securitization Cor
    5.000
    06/01/2045
    A+
    CA
    USD
    0.31
    Indiana University
    4.000
    06/01/2042
    AAA
    IN
    USD
    0.31
    University Of Texas System/The
    4.000
    08/15/2036
    AAA
    TX
    USD
    0.31
    San Francisco Bay Area Rapid Transit Di
    4.000
    08/01/2037
    AAA
    CA
    USD
    0.31
    State Of Washington
    5.000
    08/01/2039
    AA+
    WA
    USD
    0.31
    State Of Mississippi
    4.000
    10/01/2036
    AA
    MS
    USD
    0.30
    City Of Seattle Wa Municipal Light & Po
    4.000
    09/01/2038
    AA
    WA
    USD
    0.30
    Clackamas County School District No 7j
    4.000
    06/01/2039
    AA+
    OR
    USD
    0.30
    North Carolina Medical Care Commission
    4.000
    06/01/2042
    AA
    NC
    USD
    0.30
    Commonwealth Of Massachusetts
    4.000
    12/01/2044
    AA+
    MA
    USD
    0.30
    New York City Transitional Finance Auth
    4.000
    07/15/2040
    AA
    NY
    USD
    0.30
    San Francisco Municipal Transportation
    4.000
    03/01/2046
    AA
    CA
    USD
    0.30
    Washington Suburban Sanitary Commission
    4.000
    06/01/2041
    AAA
    MD
    USD
    0.30
    Indiana Finance Authority
    5.250
    02/01/2037
    AA
    IN
    USD
    0.30
    Ohio State University/The
    4.000
    06/01/2043
    AA-
    OH
    USD
    0.30
    Metropolitan Transportation Authority
    5.250
    11/15/2034
    AA
    NY
    USD
    0.30
    Massachusetts Development Finance Agenc
    5.000
    12/01/2036
    A
    MA
    USD
    0.30
    New Mexico Hospital Equipment Loan Coun
    4.000
    08/01/2035
    AA-
    NM
    USD
    0.30
    County Of Sullivan Tn
    4.000
    05/01/2045
    --
    TN
    USD
    0.30
    East Baton Rouge Sewerage Commission
    4.000
    02/01/2039
    AA-
    LA
    USD
    0.30
    Mta Hudson Rail Yards Trust Obligations
    5.000
    11/15/2046
    --
    NY
    USD
    0.30
    California Health Facilities Financing
    4.000
    11/15/2047
    A+
    CA
    USD
    0.30
    Miami-Dade County Educational Facilitie
    5.000
    04/01/2045
    A-
    FL
    USD
    0.30
    South Carolina Public Service Authority
    5.000
    12/01/2046
    A+
    SC
    USD
    0.29
    American Municipal Power Inc
    4.000
    02/15/2041
    A-
    OH
    USD
    0.29
    City Of Chillicothe Oh
    4.000
    12/01/2042
    A-
    OH
    USD
    0.29
    University Of Washington
    4.000
    12/01/2041
    AA+
    WA
    USD
    0.29
    Utility Debt Securitization Authority
    5.000
    12/15/2036
    AAA
    NY
    USD
    0.29
    State Of Delaware
    3.250
    03/01/2035
    AAA
    DE
    USD
    0.29
    Georgia Higher Education Facilities Aut
    4.125
    06/15/2040
    A+
    GA
    USD
    0.28
    Louisiana Local Government Environmenta
    4.000
    10/01/2041
    A
    LA
    USD
    0.28
    Ohio Housing Finance Agency
    3.625
    09/01/2047
    --
    OH
    USD
    0.28
    Multnomah County School District No 1 P
    3.250
    06/15/2042
    AA+
    OR
    USD
    0.28
    Riverside County Public Financing Autho
    4.125
    11/01/2040
    A+
    CA
    USD
    0.28
    Jefferson County Civic Facility Develop
    4.000
    11/01/2042
    --
    NY
    USD
    0.28
    Commonwealth Of Massachusetts
    5.000
    03/01/2046
    AA+
    MA
    USD
    0.28
    City Of Los Angeles Department Of Airpo
    5.000
    05/15/2035
    AA-
    CA
    USD
    0.28
    Dutchess County Local Development Corp
    5.000
    07/01/2046
    A-
    NY
    USD
    0.27
    Wyoming Municipal Power Agency Inc
    5.000
    01/01/2047
    A+
    WY
    USD
    0.27
    County Of Hawaii Hi
    4.000
    09/01/2035
    NR
    HI
    USD
    0.27
    City Of Tampa Fl
    4.000
    11/15/2046
    AA
    FL
    USD
    0.27
    Los Angeles Department Of Water & Power
    5.000
    07/01/2042
    AA-
    CA
    USD
    0.27
    New York City Water & Sewer System
    5.000
    06/15/2047
    AA+
    NY
    USD
    0.26
    Metropolitan Transportation Authority
    5.000
    11/15/2036
    A+
    NY
    USD
    0.26
    City Of Houston Tx Combined Utility Sys
    4.000
    11/15/2037
    AA
    TX
    USD
    0.26
    New York City Water & Sewer System
    5.000
    06/15/2035
    AA+
    NY
    USD
    0.26
    Central Puget Sound Regional Transit Au
    5.000
    11/01/2045
    AA+
    WA
    USD
    0.26
    Salem Hospital Facility Authority
    4.000
    05/15/2041
    A+
    OR
    USD
    0.26
    Alameda Corridor Transportation Authori
    4.000
    10/01/2037
    A
    CA
    USD
    0.26
    City Of Baltimore Md
    5.000
    07/01/2044
    AA-
    MD
    USD
    0.26
    Colorado Health Facilities Authority
    5.000
    12/01/2041
    A+
    CO
    USD
    0.26
    Missouri Joint Municipal Electric Utili
    4.000
    12/01/2035
    A
    MO
    USD
    0.26
    California State Public Works Board
    4.000
    12/01/2034
    A+
    CA
    USD
    0.26
    State Of California
    5.000
    10/01/2044
    AA-
    CA
    USD
    0.26
    Dutchess County Local Development Corp
    5.000
    07/01/2035
    A-
    NY
    USD
    0.26
    Wisconsin Health & Educational Faciliti
    3.500
    02/15/2046
    A-
    WI
    USD
    0.26
    California Health Facilities Financing
    5.000
    08/15/2052
    AA-
    CA
    USD
    0.26
    Columbus City School District
    5.000
    12/01/2042
    AA
    OH
    USD
    0.25
    New Hampshire Municipal Bond Bank
    4.000
    08/15/2042
    AA
    NH
    USD
    0.25
    Bay Area Toll Authority
    5.000
    04/01/2054
    AA-
    CA
    USD
    0.25
    Commonwealth Of Massachusetts
    4.000
    09/01/2041
    AA+
    MA
    USD
    0.25
    East Bay Municipal Utility District Wat
    4.000
    06/01/2045
    AA+
    CA
    USD
    0.25
    Eastern Municipal Water District
    5.000
    07/01/2045
    AA
    CA
    USD
    0.25
    New York City Water & Sewer System
    5.000
    06/15/2046
    AA+
    NY
    USD
    0.25
    Alabama Federal Aid Highway Finance Aut
    4.000
    06/01/2037
    AA+
    AL
    USD
    0.24
    Clark County School District
    4.000
    06/15/2035
    A+
    NV
    USD
    0.24
    Centinela Valley Union High School Dist
    4.000
    08/01/2047
    --
    CA
    USD
    0.24
    New York City Transitional Finance Auth
    4.000
    08/01/2042
    AA+
    NY
    USD
    0.24
    Michigan Finance Authority
    5.000
    07/01/2044
    BBB+
    MI
    USD
    0.24
    City Of Denton Tx
    4.000
    02/15/2047
    AA+
    TX
    USD
    0.24
    Arizona Health Facilities Authority
    5.000
    01/01/2044
    AA-
    AZ
    USD
    0.24
    Kentucky Economic Development Finance A
    4.250
    07/01/2035
    BBB
    KY
    USD
    0.24
    Pennsylvania Turnpike Commission
    5.000
    12/01/2043
    A-
    PA
    USD
    0.24
    State Of New York Mortgage Agency
    3.500
    10/01/2041
    --
    NY
    USD
    0.24
    District Of Columbia
    5.000
    06/01/2036
    AA
    DC
    USD
    0.24
    County Of Palm Beach Fl
    5.000
    12/01/2040
    AA+
    FL
    USD
    0.24
    Great Lakes Water Authority Sewage Disp
    5.000
    07/01/2036
    BBB+
    MI
    USD
    0.23
    New York City Water & Sewer System
    5.000
    06/15/2047
    AA+
    NY
    USD
    0.23
    New York State Dormitory Authority
    4.000
    07/01/2039
    AA-
    NY
    USD
    0.23
    Alameda Corridor Transportation Authori
    5.000
    10/01/2035
    BBB
    CA
    USD
    0.23
    Commonwealth Of Massachusetts
    4.000
    09/01/2042
    AA+
    MA
    USD
    0.22
    Maryland Health & Higher Educational Fa
    4.000
    07/01/2042
    BBB
    MD
    USD
    0.22
    Town Of Cary Nc Combined Utility System
    4.000
    12/01/2037
    AAA
    NC
    USD
    0.22
    District Of Columbia
    5.000
    07/15/2044
    A+
    DC
    USD
    0.22
    Antelope Valley Community College Distr
    5.000
    08/01/2039
    AA-
    CA
    USD
    0.22
    Wisconsin Health & Educational Faciliti
    4.000
    11/15/2046
    AA
    WI
    USD
    0.22
    Akron Bath Copley Joint Township Hospit
    5.000
    11/15/2038
    A+
    OH
    USD
    0.22
    Rutgers The State University Of New Jer
    3.125
    05/01/2037
    A+
    NJ
    USD
    0.22
    Pennsylvania Turnpike Commission
    5.000
    12/01/2045
    A+
    PA
    USD
    0.22
    Los Angeles Department Of Water
    5.000
    07/01/2044
    AA
    CA
    USD
    0.22
    Central Puget Sound Regional Transit Au
    5.000
    11/01/2036
    AA+
    WA
    USD
    0.22
    Metropolitan Water District Of Southern
    5.000
    07/01/2040
    AA+
    CA
    USD
    0.22
    North Texas Tollway Authority
    5.000
    01/01/2040
    A
    TX
    USD
    0.22
    Louisiana Public Facilities Authority
    4.000
    05/15/2042
    A-
    LA
    USD
    0.22
    Tarrant County Cultural Education Facil
    5.000
    11/15/2038
    AA-
    TX
    USD
    0.22
    Orlando-Orange County Expressway Author
    5.000
    07/01/2035
    A
    FL
    USD
    0.22
    California State Public Works Board
    5.000
    03/01/2038
    A+
    CA
    USD
    0.21
    Central Florida Expressway Authority
    4.000
    07/01/2035
    A
    FL
    USD
    0.21
    New York City Water & Sewer System
    5.000
    06/15/2039
    AA+
    NY
    USD
    0.21
    San Jose Financing Authority
    5.000
    06/01/2039
    AA-
    CA
    USD
    0.21
    California State Public Works Board
    3.500
    12/01/2035
    A+
    CA
    USD
    0.21
    Maryland Health & Higher Educational Fa
    4.000
    05/15/2047
    A
    MD
    USD
    0.21
    American Municipal Power Inc
    5.000
    02/15/2046
    A
    OH
    USD
    0.21
    Geisinger Authority
    4.000
    02/15/2039
    AA
    PA
    USD
    0.21
    Vermont Educational & Health Buildings
    5.000
    12/01/2046
    A-
    VT
    USD
    0.21
    City Of Los Angeles Ca Wastewater Syste
    4.000
    06/01/2045
    AA+
    CA
    USD
    0.20
    County Of Utah Ut
    4.000
    05/15/2047
    AA+
    UT
    USD
    0.20
    State Of Minnesota
    5.000
    06/01/2038
    AA
    MN
    USD
    0.20
    Delaware River Port Authority
    5.000
    01/01/2040
    A-
    PA
    USD
    0.20
    State Of Texas
    4.000
    05/15/2045
    AAA
    TX
    USD
    0.19
    Indiana Municipal Power Agency
    5.000
    01/01/2042
    A+
    IN
    USD
    0.19
    Metropolitan Transportation Authority
    5.000
    11/15/2045
    A+
    NY
    USD
    0.19
    California Infrastructure & Economic De
    4.000
    11/01/2045
    A+
    CA
    USD
    0.19
    Southwest Independent School District
    5.000
    02/01/2038
    AAA
    TX
    USD
    0.19
    Rhode Island Health & Educational Build
    4.000
    09/01/2037
    AA+
    RI
    USD
    0.19
    Jacksonville Transportation Authority
    5.000
    08/01/2035
    AA-
    FL
    USD
    0.19
    New York State Dormitory Authority
    5.000
    03/15/2036
    AA+
    NY
    USD
    0.19
    Energy Northwest
    4.000
    07/01/2035
    AA
    WA
    USD
    0.19
    New Jersey Turnpike Authority
    4.000
    01/01/2035
    A
    NJ
    USD
    0.18
    New Jersey Economic Development Authori
    5.000
    06/15/2035
    BBB+
    NJ
    USD
    0.18
    State Of California
    3.750
    12/01/2035
    AA-
    CA
    USD
    0.18
    Dallas Area Rapid Transit
    5.000
    12/01/2041
    NR
    TX
    USD
    0.18
    Coast Community College District
    4.000
    08/01/2038
    AA
    CA
    USD
    0.18
    County Of Nassau Ny
    5.000
    04/01/2042
    A
    NY
    USD
    0.18
    New Hampshire Municipal Bond Bank
    4.000
    08/15/2039
    AA
    NH
    USD
    0.18
    State Of Oregon
    5.000
    08/01/2043
    AA+
    OR
    USD
    0.18
    California Health Facilities Financing
    4.000
    11/15/2038
    AA-
    CA
    USD
    0.18
    Massachusetts Water Resources Authority
    4.000
    08/01/2036
    AA+
    MA
    USD
    0.18
    County Of Miami-Dade Fl Water & Sewer S
    5.000
    10/01/2042
    A+
    FL
    USD
    0.18
    Imperial Irrigation District Electric S
    5.000
    11/01/2036
    --
    CA
    USD
    0.17
    Virginia Small Business Financing Autho
    4.000
    10/01/2038
    AA+
    VA
    USD
    0.17
    North Carolina Capital Facilities Finan
    5.000
    10/01/2055
    AA+
    NC
    USD
    0.17
    County Of Nassau Ny
    5.000
    04/01/2039
    A
    NY
    USD
    0.17
    Metropolitan Transportation Authority
    5.250
    11/15/2035
    AA
    NY
    USD
    0.17
    California State University
    3.125
    11/01/2036
    AA-
    CA
    USD
    0.17
    District Of Columbia
    5.000
    06/01/2037
    AA
    DC
    USD
    0.17
    City Of Jacksonville Fl
    5.250
    10/01/2047
    AA-
    FL
    USD
    0.17
    Iowa Higher Education Loan Authority
    5.000
    12/01/2041
    AAA
    IA
    USD
    0.17
    New York City Transitional Finance Auth
    5.000
    02/01/2036
    AA+
    NY
    USD
    0.17
    Aldine Independent School District
    3.125
    02/15/2038
    AAA
    TX
    USD
    0.17
    Maine Municipal Bond Bank
    5.000
    11/01/2037
    AA
    ME
    USD
    0.17
    Maricopa County Industrial Development
    5.000
    01/01/2038
    AA-
    AZ
    USD
    0.17
    New York City Transitional Finance Auth
    5.000
    08/01/2037
    AA+
    NY
    USD
    0.17
    Metropolitan Transportation Authority
    5.250
    11/15/2056
    A+
    NY
    USD
    0.16
    Tampa-Hillsborough County Expressway Au
    5.000
    07/01/2042
    A
    FL
    USD
    0.16
    New York State Thruway Authority
    5.000
    01/01/2035
    A-
    NY
    USD
    0.16
    New York City Transitional Finance Auth
    5.000
    05/01/2043
    AA+
    NY
    USD
    0.16
    Cerritos Community College District
    5.000
    08/01/2039
    AA
    CA
    USD
    0.16
    California Statewide Communities Develo
    5.000
    07/01/2044
    --
    CA
    USD
    0.16
    Metropolitan Transportation Authority
    5.250
    11/15/2044
    A+
    NY
    USD
    0.16
    California Health Facilities Financing
    5.000
    11/15/2041
    AA-
    CA
    USD
    0.16
    Indiana Finance Authority
    4.000
    05/01/2035
    A
    IN
    USD
    0.16
    City Of Austin Tx Airport System Revenu
    5.000
    11/15/2041
    --
    TX
    USD
    0.16
    Central Texas Turnpike System
    5.000
    08/15/2037
    A-
    TX
    USD
    0.16
    Central Texas Regional Mobility Authori
    5.000
    01/01/2040
    BBB
    TX
    USD
    0.16
    Central Texas Regional Mobility Authori
    5.000
    01/01/2040
    BBB
    TX
    USD
    0.16
    Kentucky Public Transportation Infrastr
    5.750
    07/01/2049
    BBB-
    KY
    USD
    0.16
    Maryland Health & Higher Educational Fa
    4.000
    12/01/2046
    AA-
    MD
    USD
    0.16
    City Of Chicago Il Waterworks Revenue
    5.000
    11/01/2036
    A+
    IL
    USD
    0.16
    Metropolitan District/The
    5.000
    04/01/2036
    AA
    CT
    USD
    0.16
    State Of Wisconsin
    5.000
    05/01/2036
    AA
    WI
    USD
    0.16
    Tuscaloosa City Board Of Education
    4.000
    08/01/2041
    AA-
    AL
    USD
    0.16
    Colorado High Performance Transportatio
    5.000
    12/31/2051
    --
    CO
    USD
    0.16
    Colorado High Performance Transportatio
    5.000
    12/31/2056
    --
    CO
    USD
    0.16
    New Jersey Transportation Trust Fund Au
    5.000
    06/15/2036
    A-
    NJ
    USD
    0.16
    County Of Allen Oh
    5.000
    11/01/2043
    A+
    OH
    USD
    0.16
    County Of Hamilton Oh
    5.000
    01/01/2046
    --
    OH
    USD
    0.15
    Chattanooga-Hamilton County Hospital Au
    5.000
    10/01/2039
    BBB
    TN
    USD
    0.15
    Commonwealth Of Massachusetts
    3.250
    09/01/2040
    AA+
    MA
    USD
    0.15
    Orange County Health Facilities Authori
    4.000
    10/01/2045
    A
    FL
    USD
    0.15
    New York City Transitional Finance Auth
    3.000
    02/01/2038
    AA+
    NY
    USD
    0.15
    New York State Dormitory Authority
    4.000
    03/15/2045
    AA+
    NY
    USD
    0.15
    San Diego Unified School District/Ca
    4.000
    07/01/2045
    AA+
    CA
    USD
    0.15
    City Of Chicago Il
    5.000
    01/01/2035
    BBB
    IL
    USD
    0.15
    University Of California
    4.000
    05/15/2037
    AA
    CA
    USD
    0.15
    County Of New Castle De
    4.000
    04/01/2047
    AAA
    DE
    USD
    0.15
    County Of Santa Clara Ca
    3.500
    08/01/2038
    AA+
    CA
    USD
    0.15
    New Jersey Health Care Facilities Finan
    4.000
    07/01/2036
    A+
    NJ
    USD
    0.15
    San Francisco City & County Public Util
    4.000
    10/01/2039
    AA-
    CA
    USD
    0.15
    Edmond Public Works Authority
    4.000
    07/01/2047
    --
    OK
    USD
    0.15
    State Of Florida
    3.250
    07/01/2036
    AA+
    FL
    USD
    0.15
    City Of Tallahassee Fl
    4.000
    12/01/2046
    AA
    FL
    USD
    0.15
    Euclid City School District
    4.000
    01/15/2052
    --
    OH
    USD
    0.15
    Adams & Weld Counties School District N
    5.000
    12/01/2036
    AA-
    CO
    USD
    0.15
    New York State Dormitory Authority
    5.000
    03/15/2043
    AA+
    NY
    USD
    0.15
    Reading School District
    5.000
    03/01/2036
    A+
    PA
    USD
    0.15
    Massachusetts Development Finance Agenc
    4.000
    07/01/2039
    BBB
    MA
    USD
    0.15
    Salt River Project Agricultural Improve
    5.000
    12/01/2045
    AA
    AZ
    USD
    0.15
    Health & Educational Facilities Authori
    4.000
    11/15/2045
    AA-
    MO
    USD
    0.15
    Utah Transit Authority
    5.000
    06/15/2038
    AA
    UT
    USD
    0.15
    New York State Urban Development Corp
    5.000
    03/15/2038
    AA+
    NY
    USD
    0.15
    Pennsylvania Housing Finance Agency
    3.900
    10/01/2037
    AA
    PA
    USD
    0.15
    Dallas Area Rapid Transit
    5.000
    12/01/2048
    NR
    TX
    USD
    0.15
    Maryland Health & Higher Educational Fa
    4.000
    08/15/2038
    A-
    MD
    USD
    0.14
    Massachusetts Development Finance Agenc
    4.000
    07/01/2038
    BBB
    MA
    USD
    0.14
    City Of Port St Lucie Fl Utility System
    3.000
    09/01/2035
    A+
    FL
    USD
    0.14
    Delaware County Authority
    3.750
    10/01/2046
    --
    PA
    USD
    0.14
    Victor Valley Community College Distric
    4.000
    08/01/2044
    AA-
    CA
    USD
    0.14
    County Of Sullivan Tn
    3.750
    05/01/2047
    --
    TN
    USD
    0.14
    Uab Medicine Finance Authority
    5.000
    09/01/2041
    A+
    AL
    USD
    0.14
    Maryland Health & Higher Educational Fa
    5.000
    01/01/2045
    --
    MD
    USD
    0.14
    Great Lakes Water Authority Water Suppl
    5.000
    07/01/2046
    A-
    MI
    USD
    0.14
    State College Area School District/Pa
    5.000
    03/15/2040
    AA
    PA
    USD
    0.14
    City Of Omaha Ne Sewer Revenue
    3.250
    11/15/2037
    AA
    NE
    USD
    0.14
    State Of California
    5.000
    04/01/2043
    AA-
    CA
    USD
    0.14
    Health & Educational Facilities Authori
    4.000
    11/15/2037
    AA-
    MO
    USD
    0.14
    City Of Los Angeles Department Of Airpo
    5.000
    05/15/2038
    A+
    CA
    USD
    0.14
    Lower Colorado River Authority
    5.000
    05/15/2039
    A
    TX
    USD
    0.14
    County Of Mecklenburg Nc
    3.000
    04/01/2036
    AAA
    NC
    USD
    0.14
    Build Nyc Resource Corp
    4.000
    07/01/2045
    BBB-
    NY
    USD
    0.14
    Boston Water & Sewer Commission
    3.000
    11/01/2046
    A
    MA
    USD
    0.14
    Metropolitan District/The
    5.000
    11/01/2042
    AA
    CT
    USD
    0.14
    Metropolitan Washington Airports Author
    5.000
    10/01/2053
    BBB+
    DC
    USD
    0.14
    State Of Kansas Department Of Transport
    5.000
    09/01/2035
    AA
    KS
    USD
    0.14
    Rutgers The State University Of New Jer
    5.000
    05/01/2043
    A+
    NJ
    USD
    0.13
    New York State Dormitory Authority
    5.000
    07/01/2035
    AA
    NY
    USD
    0.13
    City Of New York Ny
    5.000
    10/01/2038
    AA
    NY
    USD
    0.13
    New Jersey Turnpike Authority
    5.000
    01/01/2043
    A
    NJ
    USD
    0.13
    State Of Washington
    5.000
    08/01/2037
    AA+
    WA
    USD
    0.13
    South Carolina Public Service Authority
    4.000
    12/01/2045
    A+
    SC
    USD
    0.13
    Pierce County School District No 10 Tac
    5.250
    12/01/2038
    AA+
    WA
    USD
    0.13
    South Carolina Public Service Authority
    5.000
    12/01/2050
    A+
    SC
    USD
    0.13
    Colorado Health Facilities Authority
    4.000
    01/15/2045
    AA-
    CO
    USD
    0.13
    Keller Independent School District/Tx
    4.000
    08/15/2040
    AAA
    TX
    USD
    0.13
    District Of Columbia Water & Sewer Auth
    3.250
    10/01/2037
    AA
    DC
    USD
    0.13
    County Of Nassau Ny
    5.000
    04/01/2041
    A
    NY
    USD
    0.13
    County Of Santa Clara Ca
    3.375
    08/01/2037
    AA+
    CA
    USD
    0.13
    City Of Anchorage Ak Electric Revenue
    4.000
    12/01/2044
    A+
    AK
    USD
    0.13
    Park Creek Metropolitan District
    5.000
    12/01/2035
    AA
    CO
    USD
    0.13
    City Of Aurora Co Water Revenue
    2.000
    08/01/2046
    AA+
    CO
    USD
    0.13
    San Jacinto College District
    3.375
    02/15/2038
    AA
    TX
    USD
    0.12
    Massachusetts Development Finance Agenc
    5.000
    10/01/2048
    --
    MA
    USD
    0.12
    Greenville Health System
    5.000
    05/01/2039
    A+
    SC
    USD
    0.12
    California Educational Facilities Autho
    5.000
    05/01/2045
    AAA
    CA
    USD
    0.12
    Los Angeles Unified School District/Ca
    4.000
    07/01/2040
    AA+
    CA
    USD
    0.12
    City Of Dallas Tx Waterworks & Sewer Sy
    4.000
    10/01/2036
    AA+
    TX
    USD
    0.12
    New York City Water & Sewer System
    3.000
    06/15/2036
    AA+
    NY
    USD
    0.12
    South Carolina Public Service Authority
    5.250
    12/01/2055
    A+
    SC
    USD
    0.12
    Marin Healthcare District
    4.000
    08/01/2040
    AA+
    CA
    USD
    0.12
    Massachusetts State College Building Au
    3.000
    05/01/2042
    AA
    MA
    USD
    0.12
    Klein Independent School District
    4.000
    08/01/2046
    AAA
    TX
    USD
    0.12
    Wisconsin Health & Educational Faciliti
    4.000
    04/01/2039
    AA-
    WI
    USD
    0.12
    University Of Texas System/The
    2.500
    08/15/2036
    AAA
    TX
    USD
    0.12
    Illinois Finance Authority
    3.000
    10/01/2037
    A
    IL
    USD
    0.12
    Commonwealth Of Massachusetts
    4.500
    12/01/2043
    AA+
    MA
    USD
    0.12
    Louisville & Jefferson County Metropoli
    3.000
    05/15/2046
    AA-
    KY
    USD
    0.12
    Wppi Energy
    5.000
    07/01/2037
    A
    WI
    USD
    0.12
    Idaho Health Facilities Authority
    5.000
    03/01/2039
    A-
    ID
    USD
    0.12
    Cupertino Union School District
    4.000
    08/01/2040
    NR
    CA
    USD
    0.12
    Kaweah Delta Health Care District
    5.000
    06/01/2040
    A
    CA
    USD
    0.12
    Austin Community College District
    5.000
    08/01/2035
    AA+
    TX
    USD
    0.12
    Tarrant County Cultural Education Facil
    4.000
    11/15/2043
    AA-
    TX
    USD
    0.11
    Virginia Commonwealth Transportation Bo
    3.000
    05/15/2039
    AA+
    VA
    USD
    0.11
    Hayward Area Recreation And Park Distri
    4.000
    08/01/2046
    AA+
    CA
    USD
    0.11
    State Of Ohio
    3.250
    01/01/2035
    AA
    OH
    USD
    0.11
    Commonwealth Of Massachusetts
    3.000
    09/01/2046
    AA+
    MA
    USD
    0.11
    Metropolitan St Louis Sewer District
    5.000
    05/01/2038
    AA+
    MO
    USD
    0.11
    Houston Community College System
    5.000
    02/15/2036
    AA+
    TX
    USD
    0.11
    Commonwealth Of Massachusetts
    5.000
    08/01/2036
    AA+
    MA
    USD
    0.11
    Louisiana Local Government Environmenta
    4.000
    02/01/2048
    A+
    LA
    USD
    0.11
    Chicago O'Hare International Airport
    5.000
    01/01/2037
    A
    IL
    USD
    0.11
    New York City Water & Sewer System
    4.000
    06/15/2039
    AA+
    NY
    USD
    0.11
    Pennsylvania Housing Finance Agency
    3.200
    04/01/2040
    AA
    PA
    USD
    0.11
    Sarpy County Hospital Authority No 1
    3.000
    05/15/2046
    AA-
    NE
    USD
    0.11
    New York City Water & Sewer System
    4.000
    06/15/2038
    AA+
    NY
    USD
    0.10
    County Of Utah Ut
    3.000
    05/15/2047
    AA+
    UT
    USD
    0.10
    L'Anse Creuse Public Schools
    3.750
    05/01/2040
    --
    MI
    USD
    0.10
    Municipal Electric Authority Of Georgia
    5.000
    07/01/2060
    A
    GA
    USD
    0.10
    Water Works Board Of The City Of Birmin
    4.000
    01/01/2036
    A+
    AL
    USD
    0.10
    San Diego Unified School District/Ca
    0.000
    07/01/2037
    AA+
    CA
    USD
    0.10
    Gallatin County High School District No
    4.000
    06/01/2036
    --
    MT
    USD
    0.10
    New York State Dormitory Authority
    5.000
    03/15/2037
    AA+
    NY
    USD
    0.10
    Boston Water & Sewer Commission
    3.625
    11/01/2044
    AA+
    MA
    USD
    0.10
    City Of Los Angeles Department Of Airpo
    5.000
    05/15/2040
    AA-
    CA
    USD
    0.10
    New York State Dormitory Authority
    5.000
    03/15/2044
    AA+
    NY
    USD
    0.10
    Metropolitan Transportation Authority
    5.250
    11/15/2055
    A+
    NY
    USD
    0.10
    Fort Mill School District No 4
    3.000
    03/01/2036
    AA
    SC
    USD
    0.10
    Atlantic County Improvement Authority
    4.000
    07/01/2046
    A
    NJ
    USD
    0.10
    State Of California
    5.000
    09/01/2036
    AA-
    CA
    USD
    0.10
    State Of Connecticut
    5.000
    11/15/2034
    AA-
    CT
    USD
    0.10
    Montgomery County Industrial Developmen
    5.000
    11/15/2036
    AAA
    PA
    USD
    0.10
    Livermore Valley Joint Unified School D
    3.000
    08/01/2046
    AA
    CA
    USD
    0.09
    Elk Grove Unified School District
    3.125
    02/01/2040
    --
    CA
    USD
    0.09
    State Of Connecticut
    5.000
    06/15/2035
    AA-
    CT
    USD
    0.09
    San Diego Unified School District/Ca
    0.000
    07/01/2039
    AA+
    CA
    USD
    0.09
    Beverly Hills Unified School District C
    0.000
    08/01/2039
    AA+
    CA
    USD
    0.09
    Louisiana Local Government Environmenta
    5.000
    02/01/2044
    A+
    LA
    USD
    0.09
    Illinois Finance Authority
    5.000
    10/01/2040
    AA
    IL
    USD
    0.09
    California Statewide Communities Develo
    4.000
    08/15/2051
    A+
    CA
    USD
    0.09
    County Of Nassau Ny
    4.000
    04/01/2038
    A
    NY
    USD
    0.09
    City Of Port St Lucie Fl
    3.000
    07/01/2041
    --
    FL
    USD
    0.09
    Leavenworth County Unified School Distr
    3.375
    09/01/2038
    AAA
    KS
    USD
    0.09
    West Virginia Hospital Finance Authorit
    3.250
    06/01/2039
    A
    WV
    USD
    0.09
    City & County Of Honolulu Hi
    5.000
    10/01/2038
    AA+
    HI
    USD
    0.09
    Georgia Housing & Finance Authority
    3.200
    12/01/2036
    AAA
    GA
    USD
    0.09
    Health & Educational Facilities Authori
    5.000
    10/01/2038
    A+
    MO
    USD
    0.08
    State Of Kansas Department Of Transport
    5.000
    09/01/2036
    AA
    KS
    USD
    0.08
    Riverside County Public Financing Autho
    4.000
    11/01/2035
    A+
    CA
    USD
    0.08
    New York State Urban Development Corp
    5.000
    03/15/2037
    AA+
    NY
    USD
    0.08
    Arizona Health Facilities Authority
    3.750
    01/01/2039
    AA-
    AZ
    USD
    0.08
    Park Creek Metropolitan District
    5.000
    12/01/2034
    AAA
    CO
    USD
    0.08
    Golden State Tobacco Securitization Cor
    5.000
    06/01/2040
    A+
    CA
    USD
    0.08
    New Jersey Health Care Facilities Finan
    5.000
    07/01/2044
    A-
    NJ
    USD
    0.08
    South Carolina Public Service Authority
    5.500
    12/01/2054
    A+
    SC
    USD
    0.08
    Port Of Los Angeles
    5.000
    08/01/2044
    AA
    CA
    USD
    0.08
    Wyoming Community Development Authority
    3.700
    06/01/2039
    AA+
    WY
    USD
    0.08
    Massachusetts Water Resources Authority
    3.000
    08/01/2042
    AA+
    MA
    USD
    0.08
    California Statewide Communities Develo
    5.000
    08/01/2044
    AA
    CA
    USD
    0.08
    Pennsylvania Turnpike Commission
    5.000
    12/01/2045
    A-
    PA
    USD
    0.08
    Maryland Health & Higher Educational Fa
    4.000
    07/01/2043
    A-
    MD
    USD
    0.08
    Las Vegas Convention & Visitors Authori
    4.000
    07/01/2046
    A+
    NV
    USD
    0.08
    New York City Water & Sewer System
    5.000
    06/15/2036
    AA+
    NY
    USD
    0.08
    Infirmary Health System Special Care Fa
    4.000
    02/01/2046
    AAA
    AL
    USD
    0.08
    Glendale Community College District/Ca
    4.000
    08/01/2046
    AA-
    CA
    USD
    0.08
    Bexar County Hospital District
    4.000
    02/15/2036
    AA+
    TX
    USD
    0.08
    County Of Montgomery Tx
    4.000
    03/01/2042
    AA+
    TX
    USD
    0.08
    University Of Kentucky
    3.250
    04/01/2039
    AA
    KY
    USD
    0.08
    County Of Paulding Ga Water & Sewerage
    3.000
    12/01/2048
    AA-
    GA
    USD
    0.08
    California Health Facilities Financing
    4.000
    03/01/2043
    A
    CA
    USD
    0.08
    Lower Colorado River Authority
    4.000
    05/15/2035
    A
    TX
    USD
    0.08
    Richmond Hospital Authority
    5.000
    01/01/2039
    A
    IN
    USD
    0.08
    Garden Grove Unified School District
    5.000
    08/01/2035
    AA-
    CA
    USD
    0.08
    Mta Hudson Rail Yards Trust Obligations
    5.000
    11/15/2056
    --
    NY
    USD
    0.08
    Connecticut State Health & Educational
    4.125
    07/01/2041
    A-
    CT
    USD
    0.07
    Utah Transit Authority
    4.000
    06/15/2039
    A+
    UT
    USD
    0.07
    California Health Facilities Financing
    4.000
    11/15/2041
    AA-
    CA
    USD
    0.07
    New Hope Cultural Education Facilities
    4.250
    07/01/2036
    BBB-
    TX
    USD
    0.07
    Water Works Board Of The City Of Birmin
    5.000
    01/01/2043
    --
    AL
    USD
    0.07
    Oakland Unified School District/Alameda
    5.000
    08/01/2040
    AA+
    CA
    USD
    0.07
    Georgia Housing & Finance Authority
    3.350
    12/01/2041
    AAA
    GA
    USD
    0.07
    City Of Austin Tx Water & Wastewater Sy
    5.000
    11/15/2039
    AA-
    TX
    USD
    0.07
    Regional Transportation District
    5.000
    06/01/2039
    A
    CO
    USD
    0.07
    Arizona Department Of Transportation St
    5.000
    07/01/2038
    AA
    AZ
    USD
    0.07
    University Of Colorado
    3.000
    06/01/2041
    AA
    CO
    USD
    0.07
    Triborough Bridge & Tunnel Authority
    5.000
    11/15/2038
    AA-
    NY
    USD
    0.07
    South Carolina Public Service Authority
    4.000
    12/01/2045
    A+
    SC
    USD
    0.07
    Metropolitan District/The
    4.000
    04/01/2039
    AA
    CT
    USD
    0.07
    Contra Costa Water District
    5.000
    10/01/2043
    AA
    CA
    USD
    0.07
    Maryland Health & Higher Educational Fa
    4.000
    07/01/2039
    A-
    MD
    USD
    0.07
    Miami Beach Redevelopment Agency
    5.000
    02/01/2044
    AA-
    FL
    USD
    0.07
    City Of New York Ny
    5.000
    10/01/2036
    AA
    NY
    USD
    0.07
    Connecticut Housing Finance Authority
    3.400
    11/15/2042
    AAA
    CT
    USD
    0.07
    State Of Washington
    5.000
    08/01/2035
    AA+
    WA
    USD
    0.07
    New Jersey Turnpike Authority
    5.000
    01/01/2040
    A
    NJ
    USD
    0.07
    Los Angeles Unified School District/Ca
    5.000
    07/01/2040
    AA+
    CA
    USD
    0.07
    Massachusetts Bay Transportation Author
    5.000
    07/01/2044
    AA-
    MA
    USD
    0.07
    Peralta Community College District
    4.000
    08/01/2039
    AA
    CA
    USD
    0.07
    Pennsylvania Turnpike Commission
    5.000
    12/01/2036
    A+
    PA
    USD
    0.07
    State Of Colorado
    3.250
    03/15/2035
    AA-
    CO
    USD
    0.07
    Georgia Housing & Finance Authority
    3.350
    12/01/2041
    --
    GA
    USD
    0.07
    Pennsylvania Turnpike Commission
    5.000
    12/01/2040
    A-
    PA
    USD
    0.06
    Uab Medicine Finance Authority
    4.000
    09/01/2036
    A+
    AL
    USD
    0.06
    Philadelphia Authority For Industrial D
    5.000
    04/01/2040
    A+
    PA
    USD
    0.06
    County Of Jefferson Al Sewer Revenue
    5.500
    10/01/2053
    A-
    AL
    USD
    0.06
    Michigan Finance Authority
    4.000
    11/15/2036
    A-
    MI
    USD
    0.06
    Commonwealth Of Massachusetts
    3.000
    04/01/2044
    AA+
    MA
    USD
    0.06
    New York City Water & Sewer System
    4.000
    06/15/2045
    AA+
    NY
    USD
    0.06
    New York State Dormitory Authority
    5.000
    07/01/2041
    A
    NY
    USD
    0.06
    Chattanooga Health Educational & Housin
    5.250
    01/01/2045
    BBB+
    TN
    USD
    0.06
    New Jersey Transportation Trust Fund Au
    5.000
    06/15/2044
    A-
    NJ
    USD
    0.06
    Lower Alabama Gas District/The
    5.000
    09/01/2046
    A-
    AL
    USD
    0.06
    University System Of Maryland
    3.000
    04/01/2035
    NR
    MD
    USD
    0.06
    Brooklyn Arena Local Development Corp
    3.000
    07/15/2043
    --
    NY
    USD
    0.06
    South Carolina Public Service Authority
    5.125
    12/01/2043
    A+
    SC
    USD
    0.06
    Montebello Unified School District
    4.000
    08/01/2046
    AA
    CA
    USD
    0.06
    Private Colleges & Universities Authori
    3.000
    10/01/2043
    AA
    GA
    USD
    0.06
    Clermont County Port Authority
    4.250
    12/01/2053
    A+
    OH
    USD
    0.06
    County Of Lehigh Pa
    4.000
    07/01/2035
    A+
    PA
    USD
    0.06
    State Of Washington
    5.000
    02/01/2038
    AA+
    WA
    USD
    0.06
    Karegnondi Water Authority
    5.000
    11/01/2043
    A
    MI
    USD
    0.06
    Michigan State Housing Development Auth
    3.700
    12/01/2036
    AA
    MI
    USD
    0.06
    Wayne State University
    4.000
    11/15/2044
    A+
    MI
    USD
    0.06
    Water Works Board Of The City Of Birmin
    4.000
    01/01/2038
    AAA
    AL
    USD
    0.06
    West Virginia Hospital Finance Authorit
    3.000
    06/01/2036
    A
    WV
    USD
    0.06
    William S Hart Union High School Distri
    3.500
    08/01/2038
    AA-
    CA
    USD
    0.06
    Rutgers The State University Of New Jer
    3.125
    05/01/2038
    A+
    NJ
    USD
    0.06
    Connecticut Housing Finance Authority
    3.500
    05/15/2040
    AAA
    CT
    USD
    0.06
    Lower Colorado River Authority
    4.000
    05/15/2036
    A
    TX
    USD
    0.06
    State Of Georgia
    3.000
    02/01/2037
    AAA
    GA
    USD
    0.06
    Omaha Public Power District Nebraska Ci
    5.250
    02/01/2046
    A+
    NE
    USD
    0.06
    County Of Washoe Nv
    5.000
    02/01/2038
    A+
    NV
    USD
    0.06
    California Health Facilities Financing
    4.000
    10/01/2047
    AA-
    CA
    USD
    0.06
    American Municipal Power Inc
    5.000
    02/15/2039
    A
    OH
    USD
    0.05
    State Of Hawaii
    3.000
    04/01/2036
    AA
    HI
    USD
    0.05
    City Of San Antonio Tx Electric & Gas S
    5.000
    02/01/2044
    AA
    TX
    USD
    0.05
    Lexington County School District No 2
    3.000
    03/01/2039
    AA
    SC
    USD
    0.05
    City Of Houston Tx
    5.000
    03/01/2038
    AA
    TX
    USD
    0.05
    County Of Prince George's Md
    3.250
    10/01/2047
    AA+
    MD
    USD
    0.05
    Los Angeles Department Of Water
    5.000
    07/01/2041
    AA
    CA
    USD
    0.05
    City Of Bossier City La Utilities Reven
    5.000
    10/01/2037
    A+
    LA
    USD
    0.05
    Health & Educational Facilities Authori
    5.000
    11/15/2048
    A
    MO
    USD
    0.05
    New Jersey Health Care Facilities Finan
    5.250
    07/01/2035
    A
    NJ
    USD
    0.05
    Riverside County Transportation Commiss
    5.250
    06/01/2039
    AA
    CA
    USD
    0.05
    Delaware County Authority
    5.000
    08/01/2045
    A+
    PA
    USD
    0.05
    West View Municipal Authority Water Rev
    4.000
    11/15/2043
    AA
    PA
    USD
    0.05
    Gilroy School Facilities Financing Auth
    4.000
    08/01/2042
    A+
    CA
    USD
    0.05
    Commonwealth Of Massachusetts
    3.000
    04/01/2041
    AA+
    MA
    USD
    0.05
    Wisconsin Health & Educational Faciliti
    5.000
    10/01/2041
    --
    WI
    USD
    0.04
    New Hope Cultural Education Facilities
    5.000
    07/01/2046
    AA+
    TX
    USD
    0.04
    Los Angeles Department Of Water
    5.000
    07/01/2039
    AA
    CA
    USD
    0.04
    Salt River Project Agricultural Improve
    5.000
    01/01/2038
    AA
    AZ
    USD
    0.04
    Jacksonville Transportation Authority
    5.000
    08/01/2036
    AA-
    FL
    USD
    0.04
    Leander Independent School District
    0.000
    08/15/2041
    --
    TX
    USD
    0.04
    County Of Jefferson Al Sewer Revenue
    5.000
    10/01/2044
    A-
    AL
    USD
    0.04
    San Diego Public Facilities Financing A
    5.000
    08/01/2036
    AA-
    CA
    USD
    0.04
    West Contra Costa Unified School Distri
    5.000
    08/01/2043
    A+
    CA
    USD
    0.04
    Decatur City Board Of Education
    5.000
    02/01/2040
    AA-
    AL
    USD
    0.04
    Louisiana Local Government Environmenta
    5.000
    10/01/2037
    A+
    LA
    USD
    0.03
    Imperial Irrigation District Electric S
    5.000
    11/01/2041
    AA+
    CA
    USD
    0.03
    West Contra Costa Unified School Distri
    4.000
    08/01/2046
    AA-
    CA
    USD
    0.03
    City Of Philadelphia Pa
    4.000
    08/01/2035
    A
    PA
    USD
    0.03
    New York City Transitional Finance Auth
    5.000
    11/01/2035
    AA+
    NY
    USD
    0.03
    Grand Parkway Transportation Corp
    5.500
    04/01/2053
    BBB
    TX
    USD
    0.03
    New York State Urban Development Corp
    5.000
    03/15/2038
    AA+
    NY
    USD
    0.03
    Metropolitan Water Reclamation District
    5.000
    12/01/2044
    AA+
    IL
    USD
    0.03
    County Of Bexar Tx
    3.750
    08/15/2041
    A+
    TX
    USD
    0.03
    Regents Of The University Of California
    4.000
    05/15/2038
    AA-
    CA
    USD
    0.03
    New Jersey Educational Facilities Autho
    5.000
    07/01/2039
    A+
    NJ
    USD
    0.03
    University Of Connecticut
    5.000
    01/15/2036
    A+
    CT
    USD
    0.03
    Pennsylvania Turnpike Commission
    5.000
    12/01/2037
    A+
    PA
    USD
    0.03
    Colorado Health Facilities Authority
    4.000
    11/15/2046
    AA
    CO
    USD
    0.03
    South Carolina Public Service Authority
    5.000
    12/01/2038
    A+
    SC
    USD
    0.03
    Sequoia Union High School District
    3.250
    07/01/2038
    AA
    CA
    USD
    0.03
    University Of California
    4.000
    05/15/2040
    AA
    CA
    USD
    0.03
    Los Angeles Department Of Water & Power
    5.000
    07/01/2037
    AA-
    CA
    USD
    0.03
    Dallas Area Rapid Transit
    5.000
    12/01/2034
    AA
    TX
    USD
    0.03
    Massachusetts School Building Authority
    5.000
    11/15/2034
    AA
    MA
    USD
    0.03
    University Of Arizona
    5.000
    06/01/2038
    AA-
    AZ
    USD
    0.03
    San Diego County Regional Transportatio
    5.000
    04/01/2041
    AAA
    CA
    USD
    0.03
    University Of California
    5.250
    05/15/2037
    AA
    CA
    USD
    0.03
    Omaha Public Power District Nebraska Ci
    5.000
    02/01/2041
    A+
    NE
    USD
    0.03
    Metropolitan Government Of Nashville &
    5.000
    07/01/2040
    AA-
    TN
    USD
    0.03
    New Hope Cultural Education Facilities
    5.000
    07/01/2035
    BBB-
    TX
    USD
    0.03
    University Of Virginia
    5.000
    04/01/2046
    AAA
    VA
    USD
    0.02
    City Of Austin Tx Water & Wastewater Sy
    5.000
    11/15/2036
    AA-
    TX
    USD
    0.02
    Philadelphia Authority For Industrial D
    4.000
    09/01/2042
    A
    PA
    USD
    0.02
    California Educational Facilities Autho
    5.000
    10/01/2041
    AA-
    CA
    USD
    0.02
    Leander Independent School District
    0.000
    08/15/2038
    A
    TX
    USD
    0.02
    Municipal Electric Authority Of Georgia
    5.500
    07/01/2060
    A
    GA
    USD
    0.02
    West View Municipal Authority Water Rev
    5.000
    11/15/2039
    AA
    PA
    USD
    0.02
    County Of Scioto Oh
    3.375
    02/15/2035
    BBB
    OH
    USD
    0.02
    Omaha Public Power District
    5.000
    02/01/2037
    AA
    NE
    USD
    0.02
    City Of Alexandria La Utilities Revenue
    5.000
    05/01/2043
    AAA
    LA
    USD
    0.02
    Wisconsin Health & Educational Faciliti
    4.000
    11/15/2039
    AA
    WI
    USD
    0.02
    Pennsylvania Turnpike Commission
    5.000
    12/01/2036
    A+
    PA
    USD
    0.02
    California State University
    5.000
    11/01/2043
    AA-
    CA
    USD
    0.02
    Louisiana Local Government Environmenta
    5.000
    10/01/2039
    A+
    LA
    USD
    0.02
    City Of Memphis Tn
    4.250
    04/01/2044
    AA
    TN
    USD
    0.02
    City Of Las Vegas Nv
    4.000
    09/01/2037
    AA
    NV
    USD
    0.02
    State Of California
    4.000
    04/01/2043
    AA-
    CA
    USD
    0.02
    Kaweah Delta Health Care District
    4.000
    06/01/2037
    AA
    CA
    USD
    0.02
    New York City Transitional Finance Auth
    5.000
    11/01/2034
    AA+
    NY
    USD
    0.02
    Olentangy Local School District
    5.000
    12/01/2041
    AA+
    OH
    USD
    0.02
    Oregon Health & Science University
    5.000
    07/01/2037
    AA-
    OR
    USD
    0.02
    Chicago O'Hare International Airport
    5.750
    01/01/2038
    BBB
    IL
    USD
    0.02
    Port Authority Of New York & New Jersey
    5.000
    09/01/2035
    AA-
    NY
    USD
    0.02
    Port Authority Of New York & New Jersey
    5.000
    09/01/2039
    AA-
    NY
    USD
    0.02
    School Board Of Miami-Dade County/The
    5.000
    03/15/2037
    A+
    FL
    USD
    0.02
    State Of Washington
    5.000
    08/01/2038
    AA+
    WA
    USD
    0.02
    Wyandotte County-Kansas City Unified Go
    5.000
    09/01/2044
    A
    KS
    USD
    0.02
    Lehigh County Authority
    5.125
    12/01/2047
    AA-
    PA
    USD
    0.02
    Metropolitan Transportation Authority
    5.000
    11/15/2039
    A+
    NY
    USD
    0.02
    Hillsborough County Aviation Authority
    5.000
    10/01/2040
    A+
    FL
    USD
    0.02
    Metropolitan Transportation Authority
    5.000
    11/15/2043
    A+
    NY
    USD
    0.02
    City Of New York Ny
    4.000
    12/01/2043
    AA
    NY
    USD
    0.02
    Lancaster County School District 001
    4.000
    01/15/2039
    AA+
    NE
    USD
    0.02
    Carmel Redevelopment Authority
    4.000
    08/01/2035
    --
    IN
    USD
    0.01
    District Of Columbia
    4.000
    12/01/2037
    AA+
    DC
    USD
    0.01
    Metropolitan Transportation Authority
    4.000
    11/15/2046
    A+
    NY
    USD
    0.01
    New York State Thruway Authority
    4.000
    01/01/2051
    A-
    NY
    USD
    0.01
    Commonwealth Of Massachusetts
    4.000
    04/01/2042
    AA+
    MA
    USD
    0.01
    State Of California
    3.750
    10/01/2037
    AA-
    CA
    USD
    0.01
    Tennessee Housing Development Agency
    3.250
    07/01/2041
    AA+
    TN
    USD
    0.01
    Pennsylvania Housing Finance Agency
    3.100
    10/01/2036
    AA
    PA
    USD
    0.01
    Las Vegas Valley Water District
    5.000
    06/01/2046
    AA
    NV
    USD
    0.01
    Central Puget Sound Regional Transit Au
    5.000
    11/01/2041
    AA+
    WA
    USD
    0.01
    California State University
    5.000
    11/01/2047
    AA-
    CA
    USD
    0.01
    Commonwealth Of Massachusetts
    5.000
    12/01/2036
    AA+
    MA
    USD
    0.01
    New York City Transitional Finance Auth
    5.000
    02/01/2040
    AA+
    NY
    USD
    0.01
    Texas State University System
    5.000
    03/15/2038
    AA
    TX
    USD
    0.01
    County Of Jefferson Al Sewer Revenue
    5.250
    10/01/2048
    A-
    AL
    USD
    0.01
    Metropolitan Transportation Authority
    5.000
    11/15/2043
    A+
    NY
    USD
    0.01
    California Statewide Communities Develo
    4.000
    08/15/2041
    A+
    CA
    USD
    0.01
    County Of Miami-Dade Fl
    4.000
    10/01/2037
    A+
    FL
    USD
    0.01
    New York City Water & Sewer System
    5.000
    06/15/2039
    AA+
    NY
    USD
    0.01
    Sacramento County Sanitation Districts
    5.000
    12/01/2035
    AA-
    CA
    USD
    0.01
    State Of Washington
    5.000
    02/01/2036
    AA+
    WA
    USD
    0.01
    Imperial Irrigation District Electric S
    5.000
    11/01/2037
    AA
    CA
    USD
    0.01
    Arizona State University
    5.000
    07/01/2041
    AA-
    AZ
    USD
    0.01
    Tuscaloosa City Board Of Education
    5.000
    08/01/2046
    AA-
    AL
    USD
    0.01
    Northern California Transmission Agency
    5.000
    05/01/2038
    A+
    CA
    USD
    0.01
    San Francisco City & County Redevelopme
    5.000
    08/01/2041
    AA-
    CA
    USD
    0.01
    City Of Baltimore Md
    5.000
    07/01/2038
    AA
    MD
    USD
    0.01
    University Of Illinois
    5.000
    04/01/2044
    A+
    IL
    USD
    0.01
    North Little Rock School District No 1
    4.500
    02/01/2043
    AA+
    AR
    USD
    0.01
    State Of California
    4.125
    05/01/2044
    AA-
    CA
    USD
    0.01
    Connecticut Housing Finance Authority
    3.500
    11/15/2045
    AAA
    CT
    USD
    0.01
    Washington Township Health Care Distric
    3.750
    08/01/2040
    BBB
    CA
    USD
    0.01
    Housing Development Corp/Ny
    3.650
    11/01/2041
    AA
    NY
    USD
    0.01
    San Diego Unified School District/Ca
    0.000
    07/01/2035
    AA+
    CA
    USD
    0.01
    New York City Water & Sewer System
    5.000
    06/15/2038
    AA+
    NY
    USD
    0.01
    New York City Water & Sewer System
    5.000
    06/15/2039
    AA+
    NY
    USD
    0.01
    New York City Water & Sewer System
    5.000
    06/15/2046
    AA+
    NY
    USD
    0.01
    Fremont Union High School District
    5.000
    08/01/2040
    AAA
    CA
    USD
    0.01
    Imperial Irrigation District Electric S
    5.000
    11/01/2038
    AAA
    CA
    USD
    0.01
    Los Angeles Department Of Water & Power
    5.000
    07/01/2044
    AA-
    CA
    USD
    0.01
    Massachusetts Development Finance Agenc
    5.000
    10/01/2039
    A
    MA
    USD
    0.01
    New York City Transitional Finance Auth
    5.000
    11/01/2038
    AA+
    NY
    USD
    0.01
    City Of Tacoma Wa Electric System Reven
    5.000
    01/01/2038
    AA-
    WA
    USD
    0.01
    California State University
    5.000
    11/01/2044
    AA-
    CA
    USD
    0.01
    Metropolitan St Louis Sewer District
    5.000
    05/01/2043
    AA+
    MO
    USD
    0.01
    City Of Austin Tx Water & Wastewater Sy
    5.000
    11/15/2038
    AA-
    TX
    USD
    0.01
    Terrebonne Levee & Conservation Distric
    5.000
    07/01/2038
    A
    LA
    USD
    0.01
    Central Texas Turnpike System
    0.000
    08/15/2037
    A-
    TX
    USD
    0.01
    Texas Water Development Board
    4.000
    10/15/2050
    AAA
    TX
    USD
    0.01
    Regional Transportation District
    4.000
    06/01/2040
    A
    CO
    USD
    0.01
    Alabama Incentives Financing Authority
    3.750
    09/01/2037
    A+
    AL
    USD
    0.01
    Other/Cash
    --
    --
    --
    --
    USD
    0.51

    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.

  • Important Disclosure

    VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.

    130-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the Fund over the last twelve months assuming the most recent NAV. Distributions may vary from time to time. The Distribution Yield is the annual yield an investor would receive if the most recent Fund distribution stayed the same going forward. The yield represents a single distribution from the Fund and does not represent the total return of the Fund.  The yield is calculated by annualizing the most recent distribution and dividing by the Fund NAV from the as-of date.  The 12-Month Yield is the yield an investor would have received if they had held the fund over the last 12 months assuming the most recent NAV. The 12-month yield is calculated by summing any income distributions over the past 12 months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past 12 months. Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included.

    1aTaxable equivalent yields (TEY) are used by investors to compare yields on taxable and tax-exempt securities after accounting for federal income taxes. TEY represents the yield a taxable bond investment would have to earn in order to match, after deducting federal income taxes, the yield available on a tax-exempt municipal bond investment. TEY = Tax-Free Municipal Bond Yield/(1 -Tax Rate).

    2MLN Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.

    3Morningstar Ratings: If applicable, when the ETF is rated three stars or more for any given period. ©Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

    For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

    4These figures represent averages. Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Yield to Maturity is the annualized return on a bond held to maturity. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. Duration to Worst measures the duration of a bond computed using the bond's nearest call date or maturity, whichever comes first. This measure ignores future cash flow fluctuations due to embedded optionality. Spread Duration measures a bond's price sensitivity to a 100 basis point change to its option-adjusted spread. As the rate of the Treasury security in the option-adjusted spread increases, the rate of the option-adjusted spread also increases. Years to Maturity is the period of time for which a financial instrument remains outstanding. Maturity refers to a finite time period at the end of which the financial instrument will cease to exist and the principal is repaid. Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The Coupon and Yield to Worst do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

    5IIV is an abbreviation for the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

    6The S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    An investment in the Fund may be subject to risks which include, among others, risks related to litigation, legislation, political change, conditions in underlying sectors or in local business communities and economies, bankruptcy or other changes in the issuer's financial condition and/or the discontinuance of taxes supporting the project or assets of the inability to collect revenues for the project or from the assets, and credit, interest rate, and call risk, all of which may adversely affect the Fund. Municipal bonds may be less liquid than taxable bonds. There is no guarantee that the Fund's income will be exempt from federal, state or local income taxes, and changes in those tax rates or in alternative minimum tax rates or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. Capital gains, if any, are subject to capital gains tax. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

    The VanEck Vectors ETFs are not sponsored by, endorsed, sold or promoted by Bloomberg or Barclays and neither Bloomberg nor Barclays makes any representation regarding the advisability of investing in them. The only relationship to the Adviser with respect to the VanEck Vectors ETFs is the licensing of certain trademarks and trade names of Bloomberg and Barclays and the BLOOMBERG BARCLAYS INDICES that are determined, composed and calculated by Bloomberg without regard to the Adviser or any investor in the VanEck Vectors ETFs.

    After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares throughtax-deferred arrangements such as 401(k) plans or individual retirement.

    The S&P 500 Index (“Index”) is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright © 2017 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and value of the shares of the Fund will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Performance current to the most recent month end is available by calling 800.826.2333 or on this web page.

    Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 800.826.2333 or visit vaneck.com/etfs . Please read the prospectus and summary prospectus carefully before investing.

    This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.