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ETFs

VanEck Long Muni ETF

MLN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 02 2008
Expense Ratio
0.24%
Type
US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$4,197,808
AUM
$435,968,000
Associated Index
ICE Long AMT-Free Broad National Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
CASH
0.92%
n/a
Dallas Fort Worth International Airport
0.64%
n/a
San Diego Public Facilities Financing A
0.63%
n/a
State Of Michigan Trunk Line Revenue
0.48%
n/a
Univ CA 4 % Bonds 2017-15.05.42 Limited Project Series M
0.47%
n/a
Massachusetts Development Finance Agenc
0.44%
n/a
New York City Municipal Water Finance A
0.43%
n/a
County Of Miami-Dade Seaport Department
0.43%
n/a
Penns Turnpike Comm 4 % Bonds 2019-01.12.49 Series A
0.42%
n/a
City Of New York Ny
0.42%
Invest with MLN

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. The index is comprised of Long maturity U.S. dollar-denominated investment-grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. Qualifying securities must be exempt from Federal taxes and must not be subject to the alternative minimum tax. In addition, qualifying securities must have at least 17 years remaining term to final maturity, a fixed coupon schedule (including zero coupons and step up or stepdown bonds) and an investment grade rating (based on the middle rating of Moody's, S&P and Fitch).

ETFs related toMLN

ETFs correlated to MLN include SCMB, JMUB, NYF

MLN
VanEck ETF Trust - VanEck Long Muni ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
JMHI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

MLN is a US Bonds ETF. 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. The index is comprised of Long maturity U.S. dollar-denominated investment-grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. Qualifying securities must be exempt from Federal taxes and must not be subject to the alternative minimum tax. In addition, qualifying securities must have at least 17 years remaining term to final maturity, a fixed coupon schedule (including zero coupons and step up or stepdown bonds) and an investment grade rating (based on the middle rating of Moody's, S&P and Fitch).

MLN tracks the ICE Long AMT-Free Broad National Municipal Index.

No, MLN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MLN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MLN is -0.0232%. This is the percent change in the value of MLN over the most recent 1-month period. The 3-month return on MLN is -0.057%. This is the percent change in the value of MLN over the most recent 3-month period.

The standard deviation of MLN for the past year is 0.0827%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MLN include SUB, HYD, and TFI.

ETFs correlated to MLN include SCMB, JMUB, and NYF.

ETFs that are inversely correlated to MLN include TBT, TMV, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.