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LFEQ
VanEck Vectors Long/Flat Trend ETF

Fund Description

VanEck Vectors®Long/Flat Trend ETF (LFEQ®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ned Davis Research CMG US Large Cap Long/Flat Index (NDRCMGLF). The NDRCMGLF Index follows a proprietary model that determines when, and by how much, it allocates to U.S. equities and/or U.S. Treasury bills to seek to help avoid losses in declining markets or capitalize from rising markets. The model produces daily trade signals to determine the Index's equity allocation percentage (100%, 50%, or 0%).

Why LFEQ?

 
 

  • Fund Ticker

    LFEQ
  • Exchange

    NYSE Arca
  • Index Total Return Ticker

    NDRCMGLF
  • Index Provider

    Ned Davis Research, Inc.
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    NDRCMGLF

 
as of 08/13/20

  • 30-Day SEC Yield1

    1.21%
  • Total Net Assets

    $31.6M
  • Number of Holdings

    1
  • Options

    Expected
  • Gross Expense Ratio2

    0.71%
  • Net Expense Ratio/TER2

    0.60%
  • Distribution Frequency

    Annual

Key Points

  • Tactically allocates between S&P 500 equities and U.S. T-bills
    Based on a breadth model that measures 24 industries, not just the top line S&P 500 return

  • Seeks to minimize impact of market downturns and participate in uptrends
    Measures short, intermediate and long-term trends and includes a mean reversion signal to participate in bounce backs

  • Driven by the institutional expertise of Ned Davis Research
    One of the largest independent institutional investment research providers

Trading Information

  • Fund Ticker

    LFEQ
  • Index Total Return Ticker

    NDRCMGLF
  • NAV

    LFEQNV
  • Intraday NAV (IIV)4

    LFEQIV
  • Shares Outstanding

    1,000,000
  • Estimated Cash

    LFEQEU
  • Total Cash

    LFEQTC
  • CUSIP

    92189F148
  • ISIN

    US92189F1488
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.18%
  • Acquired Fund Fees and Expenses

    0.03%
  • Gross Expense Ratio

    0.71%
  • Fee Waivers and
    Expense Reimbursement

    -0.11%
  • Net Expense Ratio/TER2

    0.60%
2Expenses for LFEQ are capped contractually at 0.55% until February 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 08/13/20

NAV/
Market 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
30-Day
Median
Bid Ask
Spread
NAV
Chart
LFEQ $31.63
$31.56
6,411
218
-$0.05 / -0.17%
$-0.12 / -0.39%
+5.16%
+4.93%
$-0.07
-0.23%
0.10%

Premium/Discount History as of 08/13/20

Calendar Year 2019 3Q 2019 4Q 2019 1Q 2020 2Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 91 24 14 21 14
LFEQ Days closed at NAV 51 10 17 9 0
Days closed at a discount 110 30 33 32 49

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) 5.82 12.70 1.98 11.28 -- -- -- 8.57
LFEQ (Share Price) 5.30 12.42 1.73 10.83 -- -- -- 8.47
NDRCMGLF (Index) 5.64 12.87 2.38 11.96 -- -- -- 9.20
Performance Differential (NAV - Index) 0.18 -0.17 -0.40 -0.68 -- -- -- -0.63
S&P 500 Index 5.64 12.87 2.38 11.96 12.01 11.49 13.84 11.59
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) 1.75 19.97 -3.63 6.66 -- -- -- 6.62
LFEQ (Share Price) 1.93 20.54 -3.39 6.86 -- -- -- 6.71
NDRCMGLF (Index) 1.99 20.54 -3.08 7.51 -- -- -- 7.32
Performance Differential (NAV - Index) -0.24 -0.57 -0.55 -0.85 -- -- -- -0.70
S&P 500 Index 1.99 20.54 -3.08 7.51 10.73 10.73 13.99 9.75

Daily Holdings (%) as of 08/12/20 Download All Holdings

Total Holdings: 1
Ticker
Holding Name
Identifier (FIGI)
Shares Asset Class Market Value
(US$)
% of Net
Assets
VOO US
Vanguard S&P 500 ETF
BBG0015VYNT4
102,096
Stock 31,653,844 99.91
--
Other/Cash
--
--
Cash 28,636 0.09
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