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Pre-Refunded Municipal Index ETF PRB

  • Full Name: Market Vectors®
    Pre-Refunded Municipal Index ETF (PRB®)

    Management Style: Sampling

    Underlying Index: The Barclays Municipal Pre-Refunded Treasury-Escrowed Index (LMPETR)

    Index Provider: Barclays

    Index Description: LMPETR is a market value weighted Index comprised of pre-refunded and/or escrowed-to-maturity municipal bonds, provided that the collateral in the escrow account is comprised strictly of obligations of, and carry the full faith and credit of, the U.S. Treasury. To be included in the Index, bonds must have an explicit or implicit credit rating of AAA.

  •  
      

    • 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 08/01/14

    • 30-Day SEC Yield1

      0.37%
    • Total Net Assets

      $34.5M
    • Number of Holdings

      65
    • Options

      Expected
    • Gross Expense Ratio2

      0.24%
    • Net Expense Ratio/TER2

      0.24%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      08/29/2014
  • Geographical Weightings (%)
    as of 06/30/14

    • State

      % of Net Assets
    • CO

      15.0
    • NJ

      14.5
    • WA

      10.9
    • TX

      10.2
    • IL

      8.7
    • CA

      6.3
    • MA

      5.8
    • GA

      4.8
    • SC

      4.7
    • HI

      3.7
    • VA

      3.6
    • PR

      3.3
    • FL

      1.6
    • UT

      1.4
    • AZ

      1.3
    • NC

      1.1
    • NY

      1.0
    • KY

      0.8
    • NV

      0.8
    • Other

      0.8
  • Portfolio Composition (%)
    as of 06/30/14

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      99.21
    • Other

      0.00
    • Cash

      0.79
  • Currency Exposure (%)
    as of 06/30/14

    • U.S. Dollar

      99.21
    • Other

      0.79
  • Credit Quality (%)
    as of 06/30/14

    Composite % of Net Assets
    Investment Grade AAA 19.52
    AA 55.28
    A 17.88
    Total Investment Grade 92.67
    Not Rated 6.53
    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 06/30/14

    • Beta vs. S&P 500 Index

      -0.01
    • Correlation vs. S&P 500 Index

      -0.08
    • Volatility (Standard Deviation)

      1.99
    • Sharpe Ratio

      0.39

    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 06/30/14

    • Sector

      % of Net Assets
    • Leasing

      26.7
    • State General

      15.7
    • Health Care Facilities

      14.5
    • Transportation

      13.5
    • Special Tax

      11.9
    • Local General

      8.1
    • Education

      3.6
    • Unassigned

      3.5
    • Water Utilities

      1.4
    • Cash

      0.8