• 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
  • Index Key Points

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

    U.S. dollar denominated floating rate notes issued by corporate entities or similar commercial entities that are public reporting companies in the U.S. with at least one investment grade rating.

    Issues eligible for inclusion in Index:    

    • At least one investment grade rating by Moody’s, S&P or Fitch and must not be rated below investment grade by the same.
    • Outstanding issue size of at least $500 million. 
    • Minimum of 6 months remaining to maturity.
    • U.S. dollar denominated.

      Index Weighting: 

      • Modified market-cap weighted.
      • Constituents capped at 2%.
      • Rebalanced monthly.

      Index Provider: Market Vectors Index Solutions

    • Index Profile
       

      • Ticker

        MVFLTR
      • Inception Date

        02/10/2011
      • Rebalance Frequency

        Monthly
    • Index Fundamentals4
      as of 08/27/14

      • Yield to Worst

        0.73%
      • Yield to Maturity

        0.73%
      • Effective Duration (yrs)

        0.12
      • Modified Duration (yrs)

        0.15
      • Spread Duration (yrs)

        2.94
      • Years to Maturity

        1.69
      • Coupon

        0.91%
       4 See Important Disclosure for definitions.
    • Top 10 Constituents (%)as of 07/31/14

      Total Constituents: 311
      Constituent Name
      Coupon
      Maturity Weighting (%)
      Jpmorgan Chase & Co
      1.166
      01/25/2018
      1.89
      Neder Waterschapsbank
      0.466
      02/14/2018
      1.71
      Apple Inc
      0.516
      05/03/2018
      1.55
      Verizon Communications
      2.002
      09/14/2018
      1.43
      Jpmorgan Chase & Co
      0.756
      02/15/2017
      1.36
      Goldman Sachs Group Inc
      1.341
      11/15/2018
      1.34
      Petrobras Global Finance
      2.408
      01/15/2019
      1.17
      Sinopec Grp Oversea 2014
      1.007
      04/10/2017
      1.17
      Petrobras Global Finance
      2.593
      03/17/2017
      1.10
      Morgan Stanley
      1.546
      04/25/2018
      1.02
      Top 10 Total (%)13.74
      These are not recommendations to buy or to sell any security. Securities and holdings may vary.
    • Index Country Weightings (%)
      as of 07/31/14

      • Country

        % of Net Assets
      • U.S.

        58.6
      • CANADA

        8.5
      • AUSTRALIA

        6.6
      • NETHERLANDS

        3.8
      • FRANCE

        3.6
      • JAPAN

        3.6
      • BRAZIL

        2.9
      • UNITED KINGDOM

        2.3
      • CHINA

        2.1
      • GERMANY

        2.1
      • SWITZERLAND

        1.4
      • SOUTH KOREA

        1.3
      • SWEDEN

        1.1
      • NORWAY

        1.0
      • CHILE

        0.4
      • ITALY

        0.3
      • SPAIN

        0.2
      • MEXICO

        0.2
      • OTHERS

        0.0
    • Index Sector Weightings (%)
      as of 07/31/14

      • Sector

        % of Net Assets
      • Financial

        72.1
      • Energy

        9.4
      • Communications

        6.4
      • Technology

        5.3
      • Consumer, Non-cyclical

        3.3
      • Consumer, Cyclical

        2.4
      • Industrial

        0.5
      • Basic Materials

        0.4
      • Utilities

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

      Composite % of Net Assets
      Investment Grade AAA 1.73
      AA 27.40
      A 52.27
      BBB 15.98
      Total Investment Grade 97.38
      Not Rated 2.62
      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 Maturity: 1.75 Years