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MLNVanEck Vectors Long Muni ETF
Fund Description
The VanEck Vectors® Long Muni 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
Cboe -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
LMT3TR -
Index Rebalancing
Monthly -
2020 Preliminary NAIC Designation7
1.F
as of 01/26/21
-
30-Day SEC Yield1
1.60% -
Total Net Assets
$241.5M -
Number of Holdings
546 -
Options
Expected -
Gross Expense Ratio2
0.24% -
Net Expense Ratio/TER2
0.24% -
Distribution Frequency
Monthly
Key Points
- Tax Exempt Income
Income generally exempt from federal taxes and the Alternative Minimum Tax (AMT) - Targeted Interest Rate Risk
Designed to track an index of long-duration municipal bonds - Quality
Investment-grade index constituents with high overall credit quality
Yields
as of 01/26/21
-
30-Day SEC Yield1
1.60% -
Distribution Yield1
2.42% -
12-Month Yield1
2.48% -
Taxable Equivalent 30-Day SEC Yields1a
-
12% Federal Tax Rate
1.82% -
22% Federal Tax Rate
2.05% -
24% Federal Tax Rate
2.11% -
32% Federal Tax Rate
2.35% -
35% Federal Tax Rate
2.46% -
37% Federal Tax Rate
2.54%
Fees & Expenses2
-
Management Fee
0.24% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.24% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
0.24%
Trading Information
-
Fund Ticker
MLN -
Index Total Return Ticker
LMT3TR -
NAV
MLNNV -
Intraday NAV (IIV)5
MLNIV -
Shares Outstanding
11,050,000 -
Estimated Cash
MLNEU -
Total Cash
MLNTC -
CUSIP
92189F536 -
ISIN
US92189F5364
Fundamentals4
as of 01/25/21
-
Yield to Worst
1.78% -
Yield to Maturity
3.07% -
Effective Duration (yrs)
8.71 -
Duration to Worst (yrs)
6.48 -
Modified Duration (yrs)
8.98 -
Spread Duration (yrs)
8.73 -
Years to Maturity
23.53 -
Coupon
4.15%
Prices as of 01/26/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 01/02/08 |
|
---|---|---|---|---|---|---|---|---|
MLN (NAV) | 0.55 | 2.59 | 6.37 | 6.37 | 5.14 | 4.79 | 5.98 | 4.45 |
MLN (Share Price) | 0.38 | 2.12 | 6.15 | 6.15 | 5.19 | 4.75 | 6.01 | 4.44 |
LMT3TR (Index) | 0.92 | 3.06 | 6.78 | 6.78 | 5.91 | 5.42 | 6.67 | 5.62 |
Performance Differential (NAV - Index) | -0.37 | -0.47 | -0.41 | -0.41 | -0.77 | -0.63 | -0.69 | -1.17 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 01/02/08 |
|
---|---|---|---|---|---|---|---|---|
MLN (NAV) | 0.55 | 2.59 | 6.37 | 6.37 | 5.14 | 4.79 | 5.98 | 4.45 |
MLN (Share Price) | 0.38 | 2.12 | 6.15 | 6.15 | 5.19 | 4.75 | 6.01 | 4.44 |
LMT3TR (Index) | 0.92 | 3.06 | 6.78 | 6.78 | 5.91 | 5.42 | 6.67 | 5.62 |
Performance Differential (NAV - Index) | -0.37 | -0.47 | -0.41 | -0.41 | -0.77 | -0.63 | -0.69 | -1.17 |
Top 10 Holdings (%) as of 12/31/20 Daily Holdings
to view
full data
Issuer Name | State | Weighting (%) | |
---|---|---|---|
New York N Y City Transitional Fin Auth Rev |
NY
|
3.73 | |
Massachusetts St |
MA
|
1.94 | |
Metropolitan Transn Auth N Y Rev |
NY
|
1.91 | |
New York St Dorm Auth Revs Non St Supported Debt |
NY
|
1.88 | |
California Health Facs Fing Auth Rev |
CA
|
1.69 | |
California St |
CA
|
1.56 | |
New York St Urban Dev Corp Rev |
NY
|
1.53 | |
Texas Water Dev Brd |
TX
|
1.33 | |
New York N Y City Mun Wtr Fin Auth Wtr & Swr Sysrev |
NY
|
1.20 | |
New York N Y |
NY
|
1.19 | |
Top 10 Total (%) | 17.96 |
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Geographical Weightings (%) as of 12/31/20
-
State
% of Net Assets -
■
New York
19.7 -
■
California
15.7 -
■
Texas
9.4 -
■
Pennsylvania
4.6 -
■
Florida
4.5 -
■
Illinois
3.6 -
■
Ohio
3.2 -
■
Massachusetts
3.2 -
■
Georgia
2.5 -
■
Washington
2.4 -
■
Michigan
2.3 -
■
Colorado
2.2 -
■
Virginia
2.1 -
■
North Carolina
2.1 -
■
New Jersey
2.1 -
■
Oregon
1.9 -
■
Alabama
1.6 -
■
Arizona
1.4 -
■
District of Columbia
1.4 -
■
Nevada
1.3 -
■
Other
12.8
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
100.09 -
Other/Cash
-0.09
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Health Care
19.1 -
■
Local
16.2 -
■
Transportation
13.3 -
■
Special Tax
12.1 -
■
Water & Sewer
10.2 -
■
State
6.5 -
■
Education
6.3 -
■
Housing
6.1 -
■
Leasing
3.6 -
■
Power
3.6 -
■
Industrial Revenue
1.9 -
■
Tobacco
0.8 -
■
Unassigned
0.2
Credit Quality (%) as of 12/31/20
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AAA | 14.77 |
AA | 50.40 | |
A | 24.63 | |
BBB | 9.81 | |
Total Investment Grade | -- | 99.62 |
Not Rated | -- | 0.38 |
Maturity (%) as of 12/31/20
Average Portfolio Maturity: 23.53 Years