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PRB Market Vectors Pre-Refunded Municipal Index ETF

  • Fund Description

    The VanEck Vectors Pre-Refunded Municipal Index ETF (PRB®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays Municipal Pre-Refunded-Treasury-Escrowed Index (LMPETR), which is intended to track the overall performance of the U.S. dollar denominated pre-refunded or escrowed-to maturity tax-exempt bond market.

  •  
      

    • Fund Ticker

      PRB
    • Exchange

      NYSE Arca
    • Commencement

      02/02/2009
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      LMPETR
    • Index Rebalancing

      Monthly
  •  
    as of 09/30/16

    • 30-Day SEC Yield1

      0.73%
    • Total Net Assets

      $19.7M
    • Number of Holdings

      69
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      10/31/2016
  • Geographical Weightings (%) as of 08/31/16

    • State

      % of Net Assets
    • Texas

      15.2
    • Maryland

      8.4
    • California

      8.4
    • Illinois

      7.7
    • Washington

      6.1
    • New York

      5.4
    • Massachusetts

      4.8
    • Oregon

      4.6
    • Florida

      4.0
    • North Carolina

      3.8
    • Utah

      3.5
    • Wisconsin

      3.0
    • Virginia

      2.9
    • Pennsylvania

      2.7
    • Mississippi

      2.6
    • Ohio

      2.0
    • Oklahoma

      1.6
    • New Mexico

      1.5
    • Puerto Rico

      1.3
    • Kentucky

      1.3
    • Other

      9.3
  • Portfolio Composition (%)
    as of 08/31/16

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      96.79
    • Other

      0.00
    • Cash

      3.21
  • Currency Exposure (%)
    as of 08/31/16

    • U.S. Dollar

      96.79
    • Other/Cash

      3.21
  • Credit Quality (%) as of 08/31/16

    Composite % of Net Assets
    Investment Grade AAA 31.55
    AA 46.58
    A 19.34
    Total Investment Grade -- 97.47
    Not Rated -- 2.53
    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.
  • 3-YR Risk Measures*
    as of 08/31/16

    • Beta vs. S&P 500 Index

      -0.03
    • Correlation vs. S&P 500 Index

      -0.30
    • Volatility (Standard Deviation)

      0.92
    • Sharpe Ratio

      1.15

    Source: VanEck, FactSet

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

  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Local

      18.6
    • Transportation

      18.1
    • State

      17.2
    • Education

      14.4
    • Special Tax

      8.0
    • Health Care

      6.8
    • Power

      6.5
    • Leasing

      6.3
    • Water & Sewer

      4.1