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  • Ticker:- FLTR;true;MVFLTR;
  • Ticker Group:- ETFFI_CB;false;;

  • Making News

    ETF Trends: Floating Rate ETFs in Focus on Rising Rate Concerns


    03/26/13: Spotlighting FLTR, ETF Trends explores floating rate note ETFs as a vehicle for bond investors to protect themselves against the prospect of rising interest rates. "As a precaution, some fund managers worried about a sustained sell-off in the bond market have been replacing some of their pricey fixed-rate debt with floating-rate.”

    View article >> 


    ETF Daily News: Market Vectors Launches THHY


    03/22/13: "THHY is the latest addition to Market Vectors' innovative family of high-yield bond ETFs," reports ETF Daily News. Noting THHY's potential in rising interest rate environments, MV's Fran Rodilosso, Fixed Income Portfolio Manager, is quoted: "I believe it is not a question of if, but rather when, we will begin to see rising interest rates."

    View article >> 


    ETF Daily News: Buying Fallen Angels for Higher Yields


    03/10/13: JT of ETF Base highlights ANGL, and reports: "What Van Eck discovered is that companies that fit the falling angel mold usually have qualities that make them preferable to junk issuers. Most importantly, falling angels are more likely [to] have much longer-dated debt that insulates the company from risk at reissue."

    View article >> 


    ETF Database: Fallen Angel Bonds – High Yield in Disguise


    01/03/13: S. Bojinov writes, "it’s likely that the hunt for meaningful yield will remain a dominant theme in 2013.” He interviews MV’s Fran Rodilosso about  ANGL, which “warrants a closer look from anyone looking to enhance their portfolio’s yield without incurring handfuls of volatility." ANGL has a singular focus to capture the fallen-angel niche in the high-yield corporate bond market.

    View article >> 


    Seeking Alpha on FLTR


    02/27/13: Seeking Alpha reports on how investors are taking a look at senior bank loan ETFs as a way to seek higher yield. SA highlights FLTR as an investment grade floating rate ETF that may be suitable for investors "interested in the floating rate aspect as protection against rising rates but wary about speculative grade debt."
    View article >>     


  • How to Purchase

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Investment Grade Floating Rate ETF FLTR

  • Full Name: Market Vectors®
    Investment Grade Floating Rate ETF (FLTR®)

    Management Style: Sampling

    Underlying Index: The Market Vectors® Investment Grade Floating Rate Index (MVFLTR)

    Index Description: MVFLTR consists of U.S. dollar-denominated floating rate notes issued by corporate issuers and rated investment grade by at least one of the three rating services: Moody’s, S&P or Fitch. 

  •    

    • Fund Ticker

      FLTR

    • Exchange

      NYSE Arca

    • Index Total Return Ticker

      MVFLTR

    • Index Provider

      Market Vectors Index Solutions

    • Total Net Assets

      $27.4M

    • Shares Outstanding

      1,100,000

    • Number of Holdings

      71

    • Commencement Date

      04/25/2011

  •   as of 06/19/13

  • Key Points

    • Potential to Benefit from Rising Rates7
      Floating rate notes have variable coupons that reset periodically

    • Investment Grade Credit Quality
      Underlying index is comprised of a non-leveraged portfolio of investment grade floating rate corporate bonds

    • Short Duration and Income Potential
      Floating rate notes may offer higher yields than other short duration instruments

  • Yields as of 06/19/13

    • 30-Day SEC Yield1

      0.54%

    • Distribution Yield1

      0.62%

    • 12-Month Yield1

      0.91%
     1 See Important Disclosure for definitions.

  • Fees & Expenses2

    • Management Fee

      0.35%

    • Other Expenses

      1.57%

    • Acquired Fund Fees and Expenses

      --

    • Gross Expense Ratio

      1.92%

    • Fee Waivers and
      Expense Reimbursement

      (1.73)%

    • Net Expense Ratio

      0.19%
    2Expenses for FLTR are capped contractually at 0.19% until 09/01/13. Cap excludes certain expenses, such as interest. See Important Disclosure for more information.

  • Trading Information

    • Fund Ticker

      FLTR

    • Index Total Return Ticker

      MVFLTR

    • NAV

      FLTRNV

    • Intraday NAV (IIV)5

      FLTRIV

    • Shares Outstanding

      1,100,000

    • Estimated Cash

      FLTREU

    • Total Cash

      FLTRTC

    • CUSIP

      57060U514

    • ISIN

      US57060U5149
    5See IIV Details. Source: Bloomberg

  • Fundamentals4 as of 06/18/13

    • Yield to Worst

      1.35%

    • Yield to Maturity

      1.35%

    • Effective Duration (yrs)

      0.10

    • Modified Duration (yrs)

      3.02

    • Duration to Worst (yrs)

      3.02

    • Spread Duration (yrs)

      2.97

    • Years to Maturity

      3.11

    • Coupon

      1.01%
     4 See Important Disclosure for definitions.

  • Prices as of 06/19/13

    TickerNAV/
    Last Price    		Avg. 30-Day
    Trading
    Volume    		Daily Change
    NAV/
    Last Price    		 YTD Change
    NAV/
    Last Price    		Premium/
    Discount    		Prem/Discount
    Distribution Charts    		NAV &
    Prem/Discount
    History    		NAV
    Price
    Chart
    FLTR $24.91
    $24.97         		54,416
    93,613
    $0.01 / +0.0%
    $-0.03 / -0.1%
    		+ 1.1%
    + 1.3%
    		$0.06
    0.24%

  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/25/11
    FLTR (NAV) 0.02 0.27 1.22 4.18 -- -- -- 1.13
    FLTR (Share Price) 0.06 0.35 1.38 7.06 -- -- -- 1.21
    MVFLTR (Index) 0.12 0.46 1.11 4.49 -- -- -- 1.65
    Performance Differential (NAV - Index) -0.10 -0.19 0.11 -0.31 -- -- -- -0.52
    After Tax Held -- -- -- 3.80 -- -- -- 0.80
    After Tax Sold -- -- -- 2.42 -- -- -- 0.74
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/25/11
    FLTR (NAV) 0.11 1.06 1.06 3.72 -- -- -- 1.15
    FLTR (Share Price) 0.31 1.34 1.34 6.08 -- -- -- 1.30
    MVFLTR (Index) 0.13 0.78 0.78 4.07 -- -- -- 1.62
    Performance Differential (NAV - Index) -0.02 0.60 0.28 -0.35 -- -- -- -0.47
    After Tax Held -- -- -- 3.34 -- -- -- 0.81
    After Tax Sold -- -- -- 2.17 -- -- -- 0.76

    *Returns less than one year are not annualized.

    The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    The "After Tax Held" represents total return after taxes on distributions and assumes shares have not been sold. "After Tax Sold" represents total return after taxes on distributions and the sale of Fund shares. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. After-tax returns are based on NAV.

  • View All Holdings » Top 10 Holdings (%) as of 05/31/13

    Total Holdings: 62
    Holding Name
    Coupon
    		 Maturity
    Composite
    Rating
    Country†
    Currency
    		 % of Net
    Assets
    Citigroup Inc
    1.975
    		 05/15/2018
    A-
    U.S.
    USD
    		 5.48
    JPMorgan Chase & Co
    1.176
    		 01/25/2018
    A
    U.S.
    USD
    		 5.07
    Credit Suisse/New York NY
    1.237
    		 01/14/2014
    A
    Switzerland
    USD
    		 5.05
    Wells Fargo & Co
    0.906
    		 04/23/2018
    A+
    U.S.
    USD
    		 3.79
    Goldman Sachs Group Inc/The
    0.734
    		 03/22/2016
    A-
    U.S.
    USD
    		 3.49
    General Electric Capital Corp
    0.480
    		 01/08/2016
    AA-
    U.S.
    USD
    		 3.00
    Wachovia Corp
    0.550
    		 06/15/2017
    A+
    U.S.
    USD
    		 2.99
    Bear Stearns Cos LLC/The
    0.664
    		 11/21/2016
    A
    U.S.
    USD
    		 2.98
    Hewlett-Packard Co
    1.830
    		 09/19/2014
    BBB+
    U.S.
    USD
    		 2.54
    Coca-Cola Enterprises Inc
    0.574
    		 02/18/2014
    BBB+
    U.S.
    USD
    		 2.51
    Top 10 Total (%) 36.90

    †See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 05/31/13

    • Domicile

      % of Net Assets

    • U.S.

      76.3

    • AUSTRALIA

      6.8

    • CANADA

      5.0

    • NETHERLANDS

      3.0

    • UNITED KINGDOM

      2.5

    • SWEDEN

      1.8

    • DENMARK

      1.5

    • FRANCE

      1.0

    • Other

      2.1

    • Total

      100.0

  • Currency Exposure (%)
    as of 05/31/13

    • U.S. Dollar

      97.94

    • Other

      2.06

    • Total

      100.00

  • Sector Weightings (%) as of 05/31/13

    • Sector

      % of Net Assets

    • Financial

      82.8

    • Technology

      4.8

    • Communications

      4.8

    • Consumer, Non-cyclical

      2.6

    • Consumer, Cyclical

      1.5

    • Energy

      1.0

    • Basic Materials

      0.5

    • Other

      2.1

    • Total

      100.1

  • Credit Quality (%) as of 05/31/13

    Composite % of Net Assets
    Investment Grade AA 24.83
    A 62.90
    BBB 9.20
    Total Investment Grade 96.93
    Not rated 3.07
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.

  • Maturity (%) as of 05/31/13

    Average Portfolio Maturity: 2.71 Years

  • Contact Us

    Van Eck Securities
    Corporation, Distributor
    335 Madison Avenue, 19th Fl.
    New York, NY 10017
    888.MKT.VCTR
    888.658.8287
    marketvectors@vaneck.com

  • Important Disclosure


     130-Day SEC Yield is calculated as of the most recent month end, and is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons primarily among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The Distribution Yield is the annual yield an investor would receive if the most recent fund distribution stayed the same going forward. The yield represents a single distribution from the fund and does not represent the total return of the fund.  The yield is calculated by annualizing the most recent distribution and dividing by the fund NAV from the as-of date. The 12-Month Yield is the yield an investor would have received if they had held the fund over the last 12 months assuming the most recent NAV. The 12-month yield is calculated by summing any income distributions over the past 12 months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past 12 months. Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included.

    2FLTR Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.19% of the Fund’s average daily net assets per year until at least September 1, 2013. During such time, the expense limitation is expected to continue until the Fund’s Board of Trustees acts to discontinue all or a portion of such expense limitation.

    3Morningstar Ratings: ©2013 Morningstar, Inc. All Rights Reserved. All Rights Reserved. Not applicable at this time.

    4These figures represent averages. Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Yield to Maturity is the annualized return on a bond held to maturity. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. Duration to Worst measures the duration of a bond computed using the bond's nearest call date or maturity, whichever comes first. This measure ignores future cash flow fluctuations due to embedded optionality. Spread Duration measures a bond's price sensitivity to a 100 basis point change to its option-adjusted spread. As the rate of the Treasury security in the option-adjusted spread increases, the rate of the option-adjusted spread also increases.Years to Maturity is the length of time until a fixed-income investment returns its original investment. Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The Coupon and Yield to Worst do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

     5IIV is an abbreviation for An ETF's intraday indicative value; it is an estimated fair value of its holdings based on the most recent prices of its underlying securities and other assets. Intraday values are typically updated every 15 seconds and should closely approximate the net asset value (NAV) of an ETF throughout the trading day. ETF intraday values are calculated by an exchange (e.g., the NYSE Arca) and are distributed through quote services.

    6The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    7Floating rate notes are less sensitive to interest rate changes, but may decline in value if their interest rates do not rise as much or as quickly as interest rates in general.

    Principal Floating Rate Note Risk Factors: Fixed income securities are subject to credit risk and interest rate risk. Floating rate notes are debt issues with variable coupon payments that are pegged to a reference rate plus a spread. Coupons are reset periodically and can rise or fall with changes in the reference rate. The Fund is subject to financial services sector risk, restricted securities risk, credit risk, interest rate risk, and call risk, among others. The Fund will generally invest a significant portion of its assets in the financial services industry. As such, the Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the financial services sector. The Fund will generally invest a portion of its assets in Rule144A securities. Rule 144A securities are restricted securities. They may be less liquid than other investments because, at times, such securities cannot be readily sold in broad public markets and the Fund might be unable to dispose of such securities promptly or at reasonable prices. A restricted security that was liquid at the time of purchase may subsequently become illiquid. The Fund may loan its securities, which may subject it to additional credit and counterparty risk. For a more complete description of these and other risks, please refer to the Funds’ prospectus.

    After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares throughtax-deferred arrangements such as 401(k) plans or individual retirement.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    Country of Risk: The International Organization for Standardization (ISO) country code of the issuer's country of risk. The assignment of an issuer's country of risk takes four factors into account (listed in order of importance): management location, country of primary listing, country of revenue and reporting currency of the issuer. Management location is defined by country of domicile unless location of such key players as the Chief Executive Officer (CEO), Chief Financial Officer CFO), Chief Operating Officer (COO), and/or General Counsel is otherwise.

    The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    The performance data quoted represents past performance. Past performance is not a guarantee of future results. Performance information for the Fund reflects temporary waivers of expenses and/or fees. Had the Fund incurred all expenses, investment returns would have been reduced. Investment return and value of the shares of the Fund will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Performance current to the most recent month end is available by calling 888.MKT.VCTR or on this web page. 

    Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the prospectus and summary prospectus carefully before investing. 

    Not FDIC Insured — No Bank Guarantee — May Lose Value

© 2013 Van Eck Securities Corporation. All rights reserved.