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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

      160
    • Commencement Date

      04/25/2011
  •  
    as of 04/24/14

    • 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
  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • U.S.

      59.0
    • CANADA

      11.7
    • AUSTRALIA

      7.5
    • NETHERLANDS

      5.6
    • JAPAN

      3.9
    • FRANCE

      2.9
    • UNITED KINGDOM

      2.7
    • SWEDEN

      1.9
    • BRAZIL

      1.5
    • NORWAY

      1.2
    • GERMANY

      0.8
    • MEXICO

      0.4
    • DENMARK

      0.3
    • SPAIN

      0.1
    • Other

      0.7
    • Total

      100.2
  • Portfolio Composition (%)
    as of 03/31/14

    • % of Net Assets

    • Stocks

      0.00
    • Bonds

      99.31
    • Other

      0.00
    • Cash

      0.69
    • Total

      100.00
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      99.31
    • Other

      0.69
    • Total

      100.00
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade AAA 0.72
    AA 34.64
    A 45.74
    BBB 18.21
    Total Investment Grade 99.31
    Not rated 0.69
    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.
  • 3-YR Risk Measures*
    as of 03/31/14

    • Beta vs. S&P 500 Index

    • Correlation vs. S&P 500 Index

    • Volatility (Standard Deviation)

    • Sharpe Ratio

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Financial

      79.9
    • Communications

      6.1
    • Energy

      4.9
    • Technology

      3.9
    • Consumer, Non-cyclical

      2.3
    • Consumer, Cyclical

      1.2
    • Basic Materials

      0.7
    • Utilities

      0.3
    • Industrial

      0.2
    • Other

      0.7
    • Total

      100.2