• Ticker:- FLTR;true;MVFLTR;
  • Ticker Group:- ETFFI_CB;false;;
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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® US Investment Grade Floating Rate Index (MVFLTR)

    Index Provider: Market Vectors Index Solutions

    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
    • Commencement

      04/25/2011
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVFLTR
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation8

      2
  •  
    as of 08/29/14

    • 30-Day SEC Yield1

      0.40%
    • Total Net Assets

      $92.8M
    • Number of Holdings

      150
    • Options

      Expected
    • Gross Expense Ratio2

      0.54%
    • Net Expense Ratio/TER2

      0.19%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2014
  • Morningstar™ Ratings3
    as of 7/10/14

    Category Overall 3 Year 5 Year
    Ultrashort Bond
        
    4 stars of 97 Funds
        
    4 stars of 97 Funds
    --
  • 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 08/29/14

    • 30-Day SEC Yield1

      0.40%
    • Distribution Yield1

      0.62%
    • 12-Month Yield1

      0.60%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      0.19%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.54%
    • Fee Waivers and
      Expense Reimbursement

      -0.35%
    • Net Expense Ratio/TER2

      0.19%
    2Expenses for FLTR are capped contractually at 0.19% until 09/01/14. Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". 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

      3,700,000
    • Estimated Cash

      FLTREU
    • Total Cash

      FLTRTC
    • CUSIP

      57060U514
    • ISIN

      US57060U5149
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 08/29/14

    • Yield to Worst

      0.75%
    • Yield to Maturity

      0.75%
    • Effective Duration (yrs)

      0.13
    • Modified Duration (yrs)

      0.15
    • Spread Duration (yrs)

      2.60
    • Years to Maturity

      2.70
    • Coupon

      0.85%
     4 See Important Disclosure for definitions.
  • Prices as of 08/29/2014

    TickerNAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    FLTR $25.07
    $25.14
    22,203
    32,487
    $0.00 / +0.01%
    $0.02 / +0.08%
    + 0.7%
    + 1.1%

    $0.07
    0.26%
  • 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) 0.09 0.27 0.71 1.24 1.45 -- -- 1.08
    FLTR (Share Price) 0.09 0.31 0.87 1.08 1.50 -- -- 1.09
    MVFLTR (Index) 0.12 0.38 0.95 1.63 1.91 -- -- 1.59
    Performance Differential (NAV - Index) -0.03 -0.11 -0.24 -0.39 -0.46 -- -- -0.51
    After Tax Held -- -- -- 0.98 -- -- -- 0.77
    After Tax Sold -- -- -- 0.70 -- -- -- 0.70
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/25/11
    FLTR (NAV) 0.09 0.31 0.62 1.44 1.37 -- -- 1.08
    FLTR (Share Price) 0.21 0.39 0.78 1.28 1.23 -- -- 1.09
    MVFLTR (Index) 0.13 0.44 0.82 1.80 1.83 -- -- 1.59
    Performance Differential (NAV - Index) -0.04 -0.13 -0.20 -0.36 -0.46 -- -- -0.51
    After Tax Held -- -- -- 1.18 -- -- -- 0.77
    After Tax Sold -- -- -- 0.81 -- -- -- 0.70
  • View All Holdings »Top 10 Holdings (%)as of 07/31/14

    Total Holdings: 144
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Jpmorgan Chase & Co
    1.134
    01/25/2018
    A
    U.S.
    USD
    3.36
    Wachovia Corp
    0.501
    06/15/2017
    A+
    U.S.
    USD
    2.96
    Goldman Sachs Group Inc/The
    0.680
    03/22/2016
    A-
    U.S.
    USD
    2.88
    Wachovia Corp
    0.604
    10/15/2016
    A
    U.S.
    USD
    2.33
    Bear Stearns Cos Llc/The
    0.617
    11/21/2016
    A
    U.S.
    USD
    2.05
    Citigroup Inc
    1.924
    05/15/2018
    BBB+
    U.S.
    USD
    1.98
    Commonwealth Bank Of Australia
    0.731
    09/20/2016
    AA-
    Australia
    USD
    1.95
    Jpmorgan Chase & Co
    0.847
    02/26/2016
    A
    U.S.
    USD
    1.95
    Verizon Communications Inc
    1.761
    09/15/2016
    BBB+
    U.S.
    USD
    1.94
    Goldman Sachs Group Inc/The
    1.436
    04/30/2018
    A-
    U.S.
    USD
    1.92
    Top 10 Total (%)23.32

    †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 07/31/14

    • Country

      % of Net Assets
    • U.S.

      60.5
    • CANADA

      9.6
    • AUSTRALIA

      7.7
    • NETHERLANDS

      4.5
    • JAPAN

      3.4
    • UNITED KINGDOM

      3.0
    • BRAZIL

      2.7
    • FRANCE

      2.4
    • GERMANY

      1.6
    • NORWAY

      1.3
    • SWEDEN

      1.2
    • CHINA

      0.9
    • SWITZERLAND

      0.5
    • SOUTH KOREA

      0.3
    • MEXICO

      0.2
    • Other

      0.2
  • Currency Exposure (%)
    as of 07/31/14

    • U.S. Dollar

      99.78
    • Other

      0.22
    • Total

      100.00
  • Sector Weightings (%)
    as of 07/31/14

    • Sector

      % of Net Assets
    • Financial

      73.3
    • Energy

      8.6
    • Communications

      6.8
    • Technology

      5.6
    • Consumer, Non-cyclical

      2.8
    • Consumer, Cyclical

      1.5
    • Basic Materials

      0.6
    • Utilities

      0.3
    • Industrial

      0.2
    • Other

      0.2
  • Credit Quality (%)
    as of 07/31/14

    Composite % of Net Assets
    Investment Grade AAA 1.49
    AA 32.04
    A 47.94
    BBB 18.32
    Total Investment Grade 99.78
    Not rated 0.22
    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 07/31/14

    Average Portfolio Maturity: 2.64 Years