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  • Ticker:- MLN;true;LMT3TR;
  • Ticker Group:- ETFFI_MI;false;;
  • Making News

    InvestmentNews: Muni Bond Fund Rebound Appears to Have Legs


    3/13/14: InvestmentNews’ Carol O’Donnell suggests that municipal bonds may be worthwhile for investors to examine despite poor performance during 2013. According to James Colby, municipal bond supply is normalizing and “The question is whether demand is healthy enough to absorb these additional sales without a drop in price.”

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    The WSJ: Detroit Rattles Muni Market


    8/07/13: In light of Detroit’s recent default, The Wall Street Journal considers the wider implications of replacing older bonds with new ones that have different terms, as the city’s emergency manager suggests doing. James Colby opines, “You really break the foundation of debt markets if municipalities can freely restructure their obligations.”

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    ETF Trends: Sell-Off in Municipal Bond ETFs May be Overdone


    6/18/13: Tom Lydon considers the shift some investors have made away from municipal bond ETFs due to anxiety about higher interest rates. It may be an “overreaction,” he writes. Lydon suggests investing in SMB and consults James Colby, who contends that “muni bonds offer attractive taxable equivalent yields.”

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    WSJ: Should You Buy Taxable Muni Bonds?


    06/05/13: According to The Wall Street Journal, institutional investors and mutual funds that can’t capitalize on tax breaks are buying taxable munis, but MV’s James Colby says, “I don’t doubt for a moment that some of these bonds are finding their way into individual accounts.”

    View article » 



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Long Municipal Index ETF MLN

  • Full Name: Market Vectors®
    Long Municipal Index ETF (MLN)

    Management Style: Sampling

    Underlying Index: The Barclays AMT-Free Long Continuous Municipal Index (LMT3TR)

    Index Description: LMT3TR is a market value weighted index designed to replicate the price movements of long-duration bonds with a nominal maturity of 17 years or more.

  •  
     

    • Fund Ticker

      MLN
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      LMT3TR
    • Index Provider

      Barclays
    • Total Net Assets

      $76.6M
    • Shares Outstanding

      4,050,000
    • Number of Holdings

      143
    • Commencement Date

      01/02/2008
  •  
    as of 04/24/14

  • Geographical Weightings (%)
    as of 03/31/14

    • State

      % of Net Assets
    • NY

      18.7
    • CA

      9.3
    • FL

      9.0
    • IL

      6.3
    • NJ

      5.0
    • WA

      4.8
    • PR

      4.6
    • OH

      4.2
    • PA

      4.0
    • MA

      3.8
    • NC

      3.1
    • TX

      3.0
    • AZ

      2.9
    • IN

      2.6
    • CO

      2.5
    • GA

      2.3
    • VA

      2.1
    • MI

      1.9
    • SC

      1.4
    • NV

      1.3
    • Other

      7.2
    • Total

      100.0
  • Portfolio Composition (%)
    as of 03/31/14

    • % of Net Assets

    • Stocks

      0.00
    • Bonds

      99.34
    • Other

      0.00
    • Cash

      0.66
    • Total

      100.00
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      99.34
    • Other

      0.66
    • Total

      100.00
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade AAA 4.05
    AA 40.95
    A 49.99
    BBB 3.57
    Non-Investment Grade BB 0.78
    Total Investment Grade 98.56
    Total Non-Investment Grade 0.78
    Barclays Composite Rating: A blend of a security's Moody's, S&P, and Fitch ratings. If all three agencies rate the security, the middle rating is taken. If only two agencies rate a security, the lower rating is taken. If only one agency rates a security, that rating is used. Not rated indicates that a security is rated by fewer than one of the three rating agencies. This composite is not intended to be a credit opinion.
  • 3-YR Risk Measures*
    as of 03/31/14

    • Beta vs. S&P 500 Index

      -0.07
    • Correlation vs. S&P 500 Index

      -0.12
    • Volatility (Standard Deviation)

      7.34
    • Sharpe Ratio

      1.03

    Source: Van Eck Global, 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 03/31/14

    • Sector

      % of Net Assets
    • Health Care Facilities

      28.5
    • Transportation

      13.1
    • Special Tax

      12.1
    • Education

      8.4
    • State General

      8.0
    • Leasing

      7.7
    • IDR/PCR

      7.6
    • Water Utilities

      7.0
    • Power Utilities

      4.6
    • Local General

      2.3
    • Cash

      0.7
    • Total

      100.0