VanEck Vectors AMT-Free Long Municipal Index ETF (MLN)
| Assets | $216.44M |
| NAV | $18.42 |
| Expense Ratio | 0.24% |
| PE Ratio | n/a |
| Shares Out | 11.75M |
| Dividend (ttm) | $0.53 |
| Dividend Yield | 2.88% |
| Ex-Dividend Date | May 2, 2022 |
| 1-Year Return | -15.64% |
| Volume | 51,337 |
| Open | 19.75 |
| Previous Close | 18.08 |
| Day's Range | 18.30 - 18.35 |
| 52-Week Low | 19.62 |
| 52-Week High | 22.17 |
| Beta | 0.07 |
| Holdings | 470 |
| Inception Date | Jan 2, 2008 |
About MLN
The fund normally invests at least 80% of its total assets in fixed income securities that comprise the index. The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated long-term tax-exempt bond market.
Top 10 Holdings
6.37% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4% | NY NYCGEN 4 05.01.2040 | 0.85% |
| TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% | NY TRBTRN 5 11.15.2049 | 0.77% |
| AUSTIN TEX ELEC UTIL SYS REV 5% | TX AUSPWR 5 11.15.2049 | 0.71% |
| METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5% | CA METWTR 5 10.01.2040 | 0.64% |
| CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 4% | CA CASGEN 4 06.01.2049 | 0.61% |
| NEW JERSEY ST TPK AUTH TPK REV 4% | NJ NJSTRN 4 01.01.2048 | 0.60% |
| METROPOLITAN TRANSN AUTH N Y REV 4% | NY MTATRN 4 11.15.2042 | 0.55% |
| FRANKLIN CNTY OHIO HOSP REV 5% | OH FRAMED 5 11.01.2048 | 0.55% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 3% | NY NYCDEV 3 11.15.2051 | 0.55% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4% | NY NYCGEN 4 11.01.2042 | 0.53% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 2, 2022 | $0.0379 | May 6, 2022 |
| Apr 1, 2022 | $0.0369 | Apr 7, 2022 |
| Mar 1, 2022 | $0.0325 | Mar 7, 2022 |
| Feb 1, 2022 | $0.0383 | Feb 7, 2022 |
| Dec 29, 2021 | $0.1084 | Dec 31, 2021 |
| Dec 1, 2021 | $0.0364 | Dec 7, 2021 |
News
Muni Carnage Could Create Opportunity
Municipal bonds and the related exchange traded funds are languishing as interest rates rise, but a silver lining could materialize. While the first four months of 2022 have been rough on munis, some ma...
VanEck to Transition Underlying Indexes for Several of Its Municipal Bond ETFs
NEW YORK--(BUSINESS WIRE)--VanEck announces plans to change underlying indexes tracked by some of the firm's municipal bond ETFs to new indexes from ICE Data Indices (“ICE”)
Municipal Bonds: Going Long on Duration, High on Income
Fixed income investors willing to step out farther on the yield curve can achieve higher-yielding benefits with assets like the VanEck Vectors Long Muni ETF (MLN). The muni debt markets offers attractiv...
4 Factors Why Muni Bond ETFs Could Rally
The tax hike talks, improving U.S. economic growth, high yields and chances of issuances of build back America bonds may help muni bond ETFs in the near term.
Clean Water Initiatives Are Vital for Infrastructure ETFs
Commodities don't have the panache of most equities but it's an opportunity investors can consider when it comes to investing in needs versus wants. In the case of water, something the world obviously n...
New Tax-Advantaged Income ETF to Play If Blue Sweep Hits Market
The Rareview Tax Advantaged Income ETF looks to offer total return with an emphasis on providing current income, a substantial portion of which will be exempt from federal income taxes.
Muni Bonds on Track for Best Month Since 2009: ETF Winners
Muni bonds are on their way to record the best month since 2009. These ETFs won the most past month.
Two ETFs Largely Unchanged Monday As Muni Bond Caucus Seeks Help
As the municipal bond market continues to struggle, with states continuing to incur massive debt as the coronavirus ravages the economy, members of the House Municipal Finance Caucus are pressuring the ...
Can the Municipal Bond Market Weather the Coronavirus Storm?
The U.S. Federal Reserve is stepping in to toss a life preserve to the bond markets, including corporate debt and high yield, but few may have seen municipal bonds seeking help.
3 ETFs to Consider as Fed Steps in to Save Municipal Bonds
It almost seems like “safe haven bonds” has become a misnomer. Some of the safest debt, such as municipal bonds, are now causing its issuers to ask for help from the Federal Reserve amid the coronavirus...
The Coronavirus is Bringing Some Unforeseen Volatility to Munis
In the U.S. bond markets, municipal debt is seen as some of the most stable given that they’re backed by local governments albeit at lower-than-junk yields as most would expect.
Show Me the Muni (Bond ETFs), Here’s 3
Even safe haven assets are feeling the pangs of the coronavirus-filled capital markets. Take municipal bonds for example–muni bond funds haven’t been immune to the coronavirus contagion, but on the plus...
A Good Place to Hide Out in Rough Markets
Investors looking for income and some shelter from recent equity market volatility may want to consider municipal bonds and it appears some as a slew of related ETFs hit all-time highs on a rough day fo...
Sustainable Investing Is Coming to Municipal Bond ETFs
Sustainable investing is much more than a new buzz phrase in the investment community.
Tax-the-Rich Slogan Not to Help Muni Bond ETFs Much
There is growing support among Americans for wealth tax imposition. What would it bring for muni bond ETFs?
Municipal Bond Market Eclipses the $400B Mark in 2019
2019 was a strong year of performance for bonds, particularly fixed income ETFs, which saw notable interest during times of heavy volatility. The municipal bond market also made out well, hitting over t...
Is the 60-40 Stocks-Bonds Split Dying Off?
The 40% allocation into bonds has proven to be a challenge given that Treasury note yields have gone to basement-low levels.
Municipal Bond Activity Rises in November
Treasury yields have been ticking higher with the major indexes in the equities market notching record highs.
Democrats Favoring Tax Hikes: Muni Bond ETFs to Soar?
Democratic presidential candidates are pitching for tax hikes in some way or the other. This should keep the winning momentum alive for muni bond ETFs.
For Conservative Investors, Municipal Bonds Still Make Sense
Municipal bonds are often viewed as low-risk investments and some market observers believe risk in the muni market is currently benign, potentially setting up opportunities with ETFs, such as the VanEck...