MLN Fees and Costs — VanEck Long Muni ETF
Data updated: 2026-09-25
The net expense ratio is 0.24%. There are no sales loads or redemption fees. Portfolio turnover was 7%.
MLN Fees and Expenses
Annual operating expenses and sales charges of MLN. Prospectus, as of September 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.24% |
| Fee waiver | — |
| Net expense ratio | 0.24% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MLN Costs Over Time
On $10,000 invested in MLN, assuming 5% a year before costs, total costs come to $152 over 5 years, cutting the return by 0.25% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.24%) | $25 | $79 | $139 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $83 | $152 |
| Value after costs | $10,475 | $11,493 | $12,610 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
MLN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $229.8M
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
MLN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $46.2M | 20.99% |
| Wells Fargo Securities, LLC | $36.3M | 16.51% |
| BofA Securities, Inc. | $25.7M | 11.67% |
| Morgan Stanley & Co. LLC | $24.8M | 11.25% |
| Jefferies LLC | $23.6M | 10.73% |
| BNY Capital Markets, LLC | $21.6M | 9.81% |
| Goldman Sachs & Co. LLC | $15.5M | 7.05% |
| Barclays Capital Inc. | $12.7M | 5.79% |
| Raymond James & Associates, Inc. | $7.2M | 3.29% |
| RBC Capital Markets, LLC | $6.4M | 2.91% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.