Fund Description
The Pre-Refunded Municipal Index ETF (PRB) seeks to replicate as closely as possible before fees and expenses the price and yield performance of the Barclays Capital Municipal Pre-Refunded Treasury-Escrowed Index. The bonds included in this index have been refinanced by their issuers and their principal and interest are secured by Treasury obligations backed by the full faith and credit of the U.S. government. As such PRB combines the credit quality of Treasuries with the tax advantages of munis to potentially meet the needs of today s risk-averse investor.
Fund Profile
Fund Name VanEck Vectors Pre-Refunded Municipal Index ETF
Fund Exchange Ticker PRB
Fund Sponsor Van Eck Associates Corporation
Fund ISIN US92189F5109
Net Expense Ratio 0.24 %
Fund Inception Date 2 February 2009
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name Barclays Capital Municipal Pre-Refunded Treasury-Escrowed Index
Index Provider Bloomberg
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 18 January 2019
Asset Under Management 14.68 Million (USD)
1 Month Total Return 0.53 %
Year To Date Return 0.25 %
1 Year Total Return 2.11 %
3 Year Annualized Total Return 0.96 %
NAV 24.46
Share Outstanding 600,000
Top 10 Holdings (18 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Other/Cash OTHR
Massachusetts Water Resources Authority BOND
Metropolitan Transportation Authority BOND
Thomasville Hospital Authority BOND
State Of Wisconsin Clean Water Fund Lev BOND
State Of Wisconsin BOND
Virginia College Building Authority BOND
Metropolitan Atlanta Rapid Transit Auth BOND
State Of Wisconsin BOND
Tennessee State School Bond Authority BOND