• 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 03/03/15

    • 30-Day SEC Yield1

      0.65%
    • Total Net Assets

      $99.7M
    • Number of Holdings

      182
    • Options

      Expected
    • Gross Expense Ratio2

      0.54%
    • Net Expense Ratio/TER2

      0.14%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      03/31/2015
    1,2,8 See Important Disclosure
  • Morningstar™ Ratings3
    as of 1/31/15

    Category Overall 3 Year 5 Year
    Ultrashort Bond
         
    5 stars of 105 Funds
         
    5 stars of 105 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 03/03/15

    • 30-Day SEC Yield1

      0.65%
    • Distribution Yield1

      0.60%
    • 12-Month Yield1

      0.67%
     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

      -0.40%
    • Net Expense Ratio/TER2

      0.14%
    2Expenses for FLTR are capped contractually at 0.14% until 09/01/15. 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 03/02/15

    • Yield to Worst

      0.82%
    • Yield to Maturity

      0.82%
    • Effective Duration (yrs)

      0.11
    • Modified Duration (yrs)

      0.14
    • Spread Duration (yrs)

      2.51
    • Years to Maturity

      2.62
    • Coupon

      0.88%
     4 See Important Disclosure for definitions.
  • Prices as of 03/03/15

    NAV/
    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 $24.93
    $24.89
    30,506
    18,612
    $0.01 / +0.04%
    $-0.04 / -0.16%
    +0.3%
    -0.1%
    $-0.04
    -0.15%
  • 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) 0.05 -0.36 0.05 0.29 2.46 -- -- 0.85
    FLTR (Share Price) 0.05 -0.20 0.05 0.62 2.99 -- -- 0.90
    MVFLTR (Index) -0.06 -0.32 -0.06 0.64 2.65 -- -- 1.33
    Performance Differential (NAV - Index) 0.11 -0.04 0.11 -0.35 -0.19 -- -- -0.48
    After Tax Held -- -- -- 0.01 -- -- -- 0.55
    After Tax Sold -- -- -- 0.17 -- -- -- 0.53
    Quarter End as of 12/31/14
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/25/11
    FLTR (NAV) -0.31 -0.52 0.37 0.37 2.81 -- -- 0.86
    FLTR (Share Price) -0.27 -0.80 0.65 0.65 3.55 -- -- 0.91
    MVFLTR (Index) -0.18 -0.36 0.81 0.81 3.14 -- -- 1.37
    Performance Differential (NAV - Index) -0.13 -0.16 -0.44 -0.44 -0.33 -- -- -0.51
    After Tax Held -- -- -- 0.10 -- -- -- 0.56
    After Tax Sold -- -- -- 0.21 -- -- -- 0.54
  • View All Holdings »Top 10 Holdings (%)as of 01/31/15

    Total Holdings: 180
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Jpmorgan Chase & Co
    1.156
    01/25/2018
    A
    U.S.
    USD
    3.09
    Wachovia Corp
    0.511
    06/15/2017
    A+
    U.S.
    USD
    2.74
    Verizon Communications Inc
    0.636
    06/09/2017
    BBB+
    U.S.
    USD
    2.70
    Goldman Sachs Group Inc/The
    0.697
    03/22/2016
    A-
    U.S.
    USD
    2.25
    Bear Stearns Cos Llc/The
    0.621
    11/21/2016
    A
    U.S.
    USD
    1.90
    Toronto-Dominion Bank/The
    0.495
    05/02/2017
    AA-
    Canada
    USD
    1.85
    Citigroup Inc
    1.932
    05/15/2018
    BBB+
    U.S.
    USD
    1.82
    Goldman Sachs Group Inc/The
    1.455
    04/30/2018
    A-
    U.S.
    USD
    1.77
    Wells Fargo & Co
    0.887
    04/23/2018
    A+
    U.S.
    USD
    1.70
    Toronto-Dominion Bank/The
    0.805
    04/30/2018
    AA
    Canada
    USD
    1.58
    Top 10 Total (%)21.40

    †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 01/31/15

    • Country

      % of Net Assets
    • U.S.

      57.5
    • CANADA

      7.9
    • AUSTRALIA

      6.0
    • NETHERLANDS

      4.8
    • JAPAN

      4.3
    • FRANCE

      3.9
    • SWITZERLAND

      2.8
    • UNITED KINGDOM

      2.7
    • GERMANY

      2.2
    • CHINA

      2.1
    • BRAZIL

      1.6
    • SOUTH KOREA

      1.3
    • NORWAY

      1.1
    • SWEDEN

      0.8
    • SPAIN

      0.7
    • MEXICO

      0.2
    • Other

      0.3
  • Currency Exposure (%)
    as of 01/31/15

    • U.S. Dollar

      99.72
    • Other

      0.28
  • Sector Weightings (%) as of 01/31/15

    • Sector

      % of Net Assets
    • Financial

      70.5
    • Energy

      8.7
    • Technology

      7.1
    • Communications

      6.4
    • Consumer, Non-cyclical

      3.8
    • Consumer, Cyclical

      1.9
    • Basic Materials

      0.8
    • Utilities

      0.3
    • Industrial

      0.1
    • Other

      0.3
  • Credit Quality (%)
    as of 01/31/15

    Composite % of Net Assets
    Investment Grade AAA 1.27
    AA 28.34
    A 51.52
    BBB 17.67
    Total Investment Grade 98.80
    Not rated 1.20
    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 01/31/15

    Average Portfolio Maturity: 2.58 Years