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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 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

      $97.5M
    • Shares Outstanding

      3,900,000
    • Number of Holdings

      159
    • Commencement Date

      04/25/2011
  •  
    as of 04/17/14

    • 30-Day SEC Yield1

      0.43%
    • Distribution Frequency

      Monthly
    • Gross Expense Ratio2

      1.48%
    • Net Expense Ratio2

      0.19%
    • Options

      Expected
    • Preliminary NAIC Designation8

      1
    • Management Team »
    • FLTR Fact Sheet »
    1,2,8 See Important Disclosure
  • About Securities Lending


    Market Vectors Exchange Traded Funds (ETFs) may lend securities to generate additional income which may help reduce expenses. All net proceeds earned by Market Vectors ETFs in the securities lending process are allocated to the applicable ETF after subtracting fees payable to the lending agent.

      

    Securities lending is an established practice that involves the lending of securities from a lender (“Fund”) to a third-party (“Borrower”). In return, the Borrower posts collateral — typically cash or U.S. Government securities — in an amount equal to at least 102% of the value of the borrowed securities. Over the course of the loan term, the Fund will receive any interest or dividends on the securities loaned. Moreover, the Borrower will pay a fee, as well as any interest earned on the investment of the cash collateral.

     

    The primary risk in securities lending is that a Borrower may default on its commitment to return securities that are on loan. If this occurs and the value of the liquidated collateral does not exceed the cost of repurchasing the securities, the Fund may suffer a loss with respect to the shortfall. This risk and others are described in more detail in the statutory prospectus, under "Lending Portfolio Securities".

  • Additional Resources

  • All Collateral Holdings Top 10 Collateral Holdings as of 02/28/14

    Security
    ISIN
    SEDOL
    Country
    Investment Type
    Weight %
    Bank of New York Overnight Government Fund
    --
    --
    United States
    Money Market Fund
    100.00
    Top 10 Total (%) 100.00
  • Securities Lending Summary
    as of 02/28/14

    Data Point %
    Securities Lending Return (% of AUM, YTD) 0.00
    Average On-Loan (% of AUM, YTD) 0.00
    Maximum On-Loan (% of AUM, YTD) 33.00
    Collateralization (% of Loan, YTD) 102.60
  • Loan/Collateral Combinations and Collateral Levels

    Loan Type Collateral Level
    Equities and Fixed Income  
    Domestic  102%
    Foreign  105%