ATLASVanEck Long Muni ETF (MLN): outlook, holdings and fees
VanEck Long Muni ETF (MLN) is an exchange-traded fund and is managed by VanEck. The expense ratio is 0.24% and the yield is 4.11%. The ten largest holdings are 7% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on MLN
| Last price | $16.92 (-0.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 59% |
| Likely 1-month range (50%) | $16.74 – $17.29 |
| Normal 1-day range (±1σ) | ±0.5% |
| Distribution yield | 4.11% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
MLN fund facts
| Issuer | VanEck |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $686M |
| Expense ratio | 0.24% |
| Number of holdings | 10 |
| Portfolio turnover | 33% |
| Inception | Jan 2, 2008 |
| Exchange | CBOE |
The fund normally invests at least 80% of its total assets in fixed income securities that comprise the index. The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated long-term tax-exempt bond market.
MLN top holdings
| Holding | Sector | Weight |
|---|---|---|
| TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% | – | 0.80% |
| AUSTIN TEX ELEC UTIL SYS REV 5% | – | 0.73% |
| CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 4% | – | 0.68% |
| FRANKLIN CNTY OHIO HOSP REV 5% | – | 0.68% |
| METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5% | – | 0.64% |
| NEW JERSEY ST EDL FACS AUTH REV 2% | – | 0.65% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 3% | – | 0.61% |
| METROPOLITAN TRANSN AUTH N Y REV 4% | – | 0.58% |
| NEW JERSEY ST TPK AUTH TPK REV 4% | – | 0.58% |
| UNIVERSITY TEX UNIV REVS 2.25% | – | 0.56% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
MLN returns and risk
| Year to date | -4.7% |
|---|---|
| 1 year | -4.1% |
| 3 years (annualised) | +2.8% |
| 5 years (annualised) | -2.2% |
| 10 years (annualised) | +0.8% |
| Volatility (3 years) | 8.0% |
| Sharpe ratio (3 years) | -0.16 |
Past returns do not guarantee future results.
MLN: frequently asked questions
What does MLN invest in?
VanEck Long Muni ETF invests in a portfolio of securities. Its largest holdings are TRIBOROUGH BRDG & TUNL AUTH NY REVS 5% (0.8%), AUSTIN TEX ELEC UTIL SYS REV 5% (0.7%), CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 4% (0.7%), FRANKLIN CNTY OHIO HOSP REV 5% (0.7%), METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5% (0.6%).
What is the MLN expense ratio?
0.24% a year: about $24.00 for every $10,000 invested.
What is the MLN dividend yield?
4.11%. ATLAS does not hold the exact distribution dates for ETFs.
Will MLN go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 59%, with a likely range (50%) of $16.74 to $17.29 from $16.92 today. It is a probability, not a prediction.
How has MLN performed?
Year to date -4.7%, one year -4.1%, three years +2.8% a year, five years -2.2% a year. Past returns do not guarantee future results.
Similar ETFs: Municipal bonds
- State Street Communication Services Select Sector SPDR ETF (XLC)
- VanEck High Yield Muni ETF (HYD)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
- State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB)
- State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)
- PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
- State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)
- Franklin Dynamic Municipal Bond ETF (FLMI)
Educational information, not investment advice. Disclaimer