| Investment Objective: |
The VanEck Long Muni ETF (MLN) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Long AMT-Free Broad National Municipal Index (MBNL), which is intended to track the overall performance of the U.S. dollar-denominated long-term tax-exempt bond market. The index is comprised of Long maturity U.S. dollar-denominated investment-grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions. Qualifying securities must be exempt from Federal taxes and must not be subject to the alternative minimum tax. In addition, qualifying securities must have at least 17 years remaining term to final maturity, a fixed coupon schedule (including zero coupons and step up or stepdown bonds) and an investment grade rating (based on the middle rating of Moody's, S&P and Fitch). |
