# Portfolio overlap — MLN vs IORAX Comparing **VanEck Long Muni ETF** (2026-01-31) and **Invesco AMT-Free Municipal Income Fund** (2026-02-28). - Shared positions: 24 - VanEck Long Muni ETF covered by Invesco AMT-Free Municipal Income Fund: 0.03933439858423425958370066458 - Invesco AMT-Free Municipal Income Fund covered by VanEck Long Muni ETF: 0.03933439858423425958370066458 ## VanEck Long Muni ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | NYC NY 5% 9/1/2048 | 0.007519 | | | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2024A | 0.005369 | | | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE | 0.005139 | | | TX TTFTRN 5.5 10/01/2055 | 0.005124 | ✓ | | ST OHIO-A | 0.005071 | | | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.0% 03-15-45 | 0.005068 | | | NEW YORK NY | 0.005011 | | | SAN ANTONIO TX ELEC & GAS REVENUE | 0.004892 | | | MASSACHUSETTS ST | 0.004547 | | | GEISINGER PA AUTH HLTH SYS REV REGD B/E 5.00000000 | 0.004383 | | | Washington (State of) (Bid Group 2), Series 2024 C, GO Bonds | 0.004359 | | | MASSACHUSETTS ST TRANSPRTN FUND REVENUE | 0.004271 | | | LOS ANGELES DEPT-C | 0.004231 | | | NYC NY 5.25% 2/1/53 | 0.004132 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.004097 | ✓ | | OH OHSHGR 3 12/01/2044 | 0.003814 | | | WHITE PLAINS HOSPITAL OBLIGATED GROUP AG 5.5% 10-01-54 | 0.003772 | | | CA ST PUB WKS-C | 0.003689 | | | District of Columbia Income Tax, Series 2025A | 0.003369 | | | TX TRANSPRTN FIN-A | 0.003363 | | | NEW YORK ST DORM AUTH REVENUES NYSHGR 07/54 FIXED 5.25 | 0.003362 | | | State of California, Series 2024 | 0.003361 | | | SAN DIEGO UNIF SD-C-3 | 0.003358 | | | IL ST TOLL HWY AUTH-A | 0.003341 | | | LAMAR TX ISD/AGM 5.5% 2/15/58 | 0.003340 | | | SAN ANTONIO TX ELEC & GAS REVE REGD B/E 5.25000000 | 0.003331 | | | NEW YORK NY | 0.003313 | | | TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/54 FIXED 5.25 | 0.003304 | | | MI FIN AUTH-A | 0.003294 | | | UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/52 FIXED 5 | 0.003281 | | | NY STATE UR D(NY STATE PIT) 5% 3/15/47 | 0.003270 | | | MA ST 5% 7/1/2048 | 0.003254 | | | MA ST TRANS REV 5% 6/1/52 | 0.003254 | | | GEORGIA ST HSG & FIN AUTH REVENUE | 0.003250 | | | MASSACHUSETTS ST DEV FIN AGY R REGD OID B/E AG 5.00000000 | 0.003223 | | | NEW YORK ST URBAN DEV CORP REV REGD B/E 5.00000000 | 0.003202 | | | WA WASHSG 5.25 07/01/2055 | 0.003159 | ✓ | | JACKSONVILLE FL HLTH CARE FACS REVENUE | 0.003153 | | | MESA AZ UTILITY SYS REVENUE REGD OID B/E AG 4.50000000 | 0.003137 | | | MWAA DULLES TOL 4% 10/1/2049 | 0.003111 | ✓ | | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE | 0.003108 | | | LIBERTY HILL TX INDEP SCH DIST | 0.003078 | | | UNIV OF ARKANSAS AR UNIV REVENUE | 0.003034 | | | NYC WTR 4% 6/15/2045 | 0.003023 | | | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE | 0.003023 | | | NY TRANSITIONAL FIN-D | 0.002921 | | | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE | 0.002917 | ✓ | | Chicago Midway International Airport, Series 2025, RB | 0.002840 | ✓ | | Miami-Dade (County of), FL, Subseries 2021 A-2, Ref. RB | 0.002833 | | | MESQUITE TX INDEP SCH DIST | 0.002822 | | ## Invesco AMT-Free Municipal Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Washington Metropolitan Area Transit Authority, Series 2020 A, RB | 0.012120 | | | California (State of) County Tobacco Securitization Agency, Series 2006 B, RB | 0.011490 | | | ILL ST TOLL 5% 1/1/45 | 0.010576 | | | Illinois (State of) Regional Transportation Authority, Series 2018 B, RB | 0.009918 | | | OH BUCGEN 5 06/01/2055 | 0.008578 | | | Inland Empire Tobacco Securitization Corp., Series 2007 F, RB | 0.008420 | | | Indianapolis Local Public Improvement Bond Bank, Series 2025, Ref. RB | 0.008081 | | | District of Columbia Tobacco Settlement Financing Corp., Series 2006 B, RB | 0.007991 | | | Water Works Board of the City of Birmingham (The), Series 2016B | 0.007906 | | | MIAMI-DADE WTSW 4% 10/1/49 | 0.007847 | | | SALT RIVER-SER B | 0.007769 | | | County of Broward Tourist Development Tax Revenue | 0.007726 | ✓ | | State of Hawaii Airports System, Series 2025B | 0.007693 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2022A-1 | 0.007435 | | | TX GPTTRN 4 10/01/2045 | 0.006996 | | | LOUISIANA STADIUM & EXPOSITION REGD B/E 5.00000000 | 0.006600 | | | TOBACCO SETTLEMENT FING CORP N TOBACCO SETTLEMENT FINANCING CORP | 0.006505 | | | PENNSYLVANIA ST REGD B/E 4.00000000 | 0.006144 | | | TSASC, Inc., Series B | 0.006131 | | | TOBACCO SETTLEMENT FING CORP NJ | 0.006056 | | | Aurora (City of), CO (Pipeline/Interceptor), Series 2023, RB | 0.006055 | | | NY ST DORM AUTH PIT 20D SF 4.0% 02-15-47 | 0.006010 | | | MSR Energy Authority, Series B | 0.005942 | | | M-S-R Energy Authority, Series 2009 B, RB | 0.005883 | | | LOWER AL GAS DIST GAS PROJ REV LWRUTL 09/46 FIXED 5 | 0.005847 | | | NYC HSG 4.80% 2/1/2053 | 0.005776 | ✓ | | Tender Option Bond Trust Receipts/Certificates | 0.005718 | ✓ | | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE | 0.005693 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.005606 | | | Miami-Dade (County of), FL Transit System, Series 2020 A, RB | 0.005453 | | | FORNEY TX INDEP SCH DIST | 0.005337 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024A-1 | 0.005263 | | | El Paso (City of), TX, Series 2022 A, RB | 0.005227 | | | NEW YORK NY | 0.005224 | | | San Antonio, TX Electric and Gas Systems Rev. A | 0.005207 | | | LOS ANGELES DEPT WTR | 0.005204 | | | San Diego (County of), CA Regional Airport Authority, Series 2025, RB | 0.005194 | | | Tender Option Bond Trust Receipts/Certificates | 0.005175 | | | BLACK BELT ENERGY GAS VAR | 0.005119 | | | NEW YORK NY REGD B/E 5.25000000 | 0.005112 | | | ST LOUIS MO AIR 5.25% 7/1/2049 | 0.005108 | | | NJ HLTH CARE FACS-A | 0.005092 | | | Pennsylvania Housing Finance Agency | 0.005088 | | | Chicago O'Hare International Airport, Series 2018B | 0.005081 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.005018 | | | Port of Houston Authority, Harris County, Texas, Revenue Bonds, First Lien Series 2023 | 0.004985 | | | Maryland Transportation Authority, Revenue Bonds, Transportation Facilities Projects, Series 2021A | 0.004984 | | | Chicago Midway International Airport, Series 2025, RB | 0.004959 | ✓ | | DALLAS-FORT WORTH TX INTERNATI REGD B/E 5.00000000 | 0.004953 | | | MET TRANS AUTH-A-A2 | 0.004928 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-033186` (as of 2026-01-31) - N-PORT (fund B) — accession `0000909466-26-000151` (as of 2026-02-28) --- _Informational only — not investment advice. 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