MLN

VanEck Long Muni ETF

$17.61

+0.00%

Market closed. Last update: 11:41 PM ET

📎 Investment Objective

The VanEck Long Muni ETF (MLN) seeks to provide investment results that closely correspond, before fees and expenses, to the price and yield performance of the Bloomberg Municipal Custom High Yield Composite Index.

Overview

ETF tracking VanEck Long Muni ETF

Category Municipal Bonds

Issuer VanEck

Inception Date 2018-12-28

Market Cap $599.6M

Average Volume N/A

Dividend Yield 3.08%

52-Week Range $16.49 - $18.29

VWAP $17.64

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in municipal bonds, focusing on longer-dated, higher-yielding securities. It uses a passive, index-tracking approach to achieve its objective.

✨ Key Features

Provides exposure to a diversified portfolio of municipal bonds
Focuses on longer-dated, higher-yielding municipal securities
Tracks the Bloomberg Municipal Custom High Yield Composite Index
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The fund is exposed to the credit risk of the underlying municipal issuers
Liquidity risk: Longer-dated, higher-yielding municipal bonds may have lower liquidity
Concentration risk: The fund's focus on higher-yielding municipal bonds may result in increased volatility

👤 Best For

The VanEck Long Muni ETF may be suitable for investors seeking exposure to longer-dated, higher-yielding municipal bonds as part of a diversified fixed income portfolio. It may be particularly attractive for investors in higher tax brackets looking to generate tax-exempt income.