VanEck Long Muni ETF
$16.48−0.24 (−1.44%)
- Expense ratio
- 0.24%
- Fund size
- $657M
- 1Y return
- −0.5%
- Yield · Last 12 months
- 4.04%
- Holdings
- 679
- Volume · 30D
- 0.3M sh
- NAV per share
- $16.73
- 52W range
The ETF.net MLN Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 55Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 57Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 61Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
Our read on MLN
CMost muni funds hug the middle of the maturity curve. MLN goes long on purpose: an index of long-dated, AMT-free national munis, running since 2008, paying tax-exempt income monthly and carrying the bigger rate swings that come with the long end.
MLN seeks to track, before fees and expenses, the price and yield performance of the ICE Long AMT-Free Broad National Municipal Index, representing the U.S. dollar-denominated long-term tax-exempt bond market.
Why people hold it
- Costs 0.24% a year, below the 0.30% median for muni bond ETFs.
- AMT-free by design: the index leaves out bonds whose income can trigger the alternative minimum tax. Roughly 700 holdings, spread across the country rather than one state.
- Open since 2008, so it has traded through a full rate cycle, and it pays out monthly.
- Sits in the upper half of a crowded national muni field on our review of cost, tracking and structure.
Worth knowing
- Long maturities move harder on rate shifts than intermediate muni funds do. That duration is the entire point of the fund, and it works in both directions.
- All-maturity rivals VTEB (0.03%) and MUB (0.05%) charge a fraction as much. The premium here buys a long-end-only mandate they do not run.
- Mid-sized and moderately traded, so bid-ask spreads carry more weight than in the muni aisle's biggest funds.
MLN Holdings
- Other
- 679
- 6%
- -USD CASH-
Sectors
- Municipal100.0%
Geography
- United States100.00%
MLN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MLN |
|---|---|
| Year to date | −2.1% |
| 1 month | −3.2% |
| 3 months | −4.5% |
| 1 year | −0.5% |
| 3 years | +3.2% |
| 5 years | −1.9% |
| 10 years | +0.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MLN |
|---|---|---|
| 2026 YTD | −2.1% | |
| 2025 | +1.8% | |
| 2024 | +1.5% | |
| 2023 | +8.0% | |
| 2022 | −17.2% | |
| 2021 | +2.2% | |
| 2020 | +6.2% |
MLN in the news
ETF.net Research hasn’t filed on MLN yet — coverage lands here as it’s written.
MLN Dividends
- 4.04%
- $0.68
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.06 |
| Aug 3, 2026 | Aug 6, 2026 | $0.06 |
| Jul 1, 2026 | Jul 7, 2026 | $0.07 |
| Jun 1, 2026 | Jun 4, 2026 | $0.05 |
| May 1, 2026 | May 6, 2026 | $0.05 |
| Apr 1, 2026 | Apr 7, 2026 | $0.06 |
| Mar 2, 2026 | Mar 5, 2026 | $0.05 |
| Feb 2, 2026 | Feb 5, 2026 | $0.06 |
| Dec 29, 2025 | Dec 31, 2025 | $0.06 |
| Nov 28, 2025 | Dec 3, 2025 | $0.05 |
| Nov 3, 2025 | Nov 6, 2025 | $0.06 |
| Oct 1, 2025 | Oct 6, 2025 | $0.05 |
MLN Risk
- 8.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.11
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.30
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MLN Cost
- The middle half of Long-Duration Municipal Bonds funds
- Median 0.24%
2 of the 5 Long-Duration Municipal Bonds funds charge less.