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LFEQ
VanEck Vectors NDR CMG Long/Flat Allocation ETF

  • Fund Description

    VanEck Vectors® NDR CMG Long/Flat Allocation 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%, 80%, 40%, or 0%).

  •  
      

    • Fund Ticker

      LFEQ
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      NDRCMGLF
    • Index Provider

      Ned Davis Research, Inc.
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      NDRCMGLF
    • Commencement

      10/04/2017
  •  
    as of 11/12/18

    • 30-Day SEC Yield1

      1.31%
    • Total Net Assets

      $49.0M
    • Number of Holdings

      1
    • Options

      Expected
    • Gross Expense Ratio2

      0.63%
    • Net Expense Ratio/TER2

      0.59%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2018
  • Positioning Points

    Tactically allocates between S&P 500 equities and U.S. T-bills

     

    Seeks to minimize impact of market downturns and participate in uptrends

     

    Driven by the institutional expertise of Ned Davis Research

     

  • Trading Information

    • Fund Ticker

      LFEQ
    • Index Total Return Ticker

      NDRCMGLF
    • NAV

      LFEQNV
    • Intraday NAV (IIV)4

      LFEQIV
    • Shares Outstanding

      1,850,000
    • Estimated Cash

      LFEQEU
    • Total Cash

      LFEQTC
    • CUSIP

      92189F148
    • ISIN

      US92189F1488
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.09%
    • Acquired Fund Fees and Expenses

      0.04%
    • Gross Expense Ratio

      0.63%
    • Fee Waivers and
      Expense Reimbursement

      -0.04%
    • Net Expense Ratio/TER2

      0.59%
    2Expenses for LFEQ are capped contractually at 0.55% until February 1, 2019. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
  • Prices as of 11/12/18

    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
    LFEQ $26.47
    $26.45
    12,179
    19,794
    -$0.52 / -1.93%
    $-0.45 / -1.67%
    +1.29%
    +0.91%
    $-0.02
    -0.07%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    10/04/17
    LFEQ (NAV)-6.87-3.940.643.89------5.08
    LFEQ (Share Price)-6.66-3.870.494.01------5.23
    NDRCMGLF (Index)-6.84-3.790.964.56------5.77
    Performance Differential (NAV - Index)-0.03-0.15-0.32-0.67-------0.69
    S&P 500 Index-6.84-3.253.017.3511.5211.3413.248.39
    Quarter End as of 09/30/18
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    10/04/17
    LFEQ (NAV)0.536.098.07--------13.25
    LFEQ (Share Price)0.616.137.66--------13.17
    NDRCMGLF (Index)0.576.408.3614.85------14.00
    Performance Differential (NAV - Index)-0.04-0.31-0.29---------0.75
    S&P 500 Index0.577.7110.5617.9117.3113.9511.9717.04
  • Download All HoldingsDaily Holdings (%)as of 11/12/18

    Total Holdings: 1
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Vanguard S&P 500 ETF
    VOO US
    195,103
    48,855,74299.78
    Other/Cash
    --
    --
    109,1750.22
    Total (%)100.00
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Important Disclosure

    VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.

    130-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund's expenses for the period. The Distribution Yield is the annual yield an investor would receive if the most recent Fund distribution stayed the same going forward. The yield represents a single distribution from the Fund and does not represent the total return of the Fund. The yield is calculated by annualizing the most recent distribution and dividing by the Fund NAV from the as-of date. The 12-Month Yield is the yield an investor would have received if they had held the fund over the last 12 months assuming the most recent NAV. The 12-month yield is calculated by summing any income distributions over the past 12 months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past 12 months. Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors NDR CMG Long/Flat Allocation ETF would have been 1.16% on 11/12/2018.

    2LFEQ Fees & Expenses: "Other expenses" are based on estimated amounts for the current fiscal year. "Acquired fund fees and expenses" include fees and expenses incurred indirectly by the Fund as a result of investments in other investment companies, including exchange-traded funds whose investment objective are to track the performance of the S&P 500 Index. Because acquired fund fees and expenses are not borne directly by the Fund, they will not be reflected in the expense information in the Fund's financial statements and the information presented in the table will differ from that presented in the Fund's financial highlights included in the Fund's reports to shareholders. Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.55% of the Fund's average daily net assets per year until at least February 1, 2019. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

    4IIV is an abbreviation for the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

    The Fund is subject to risks associated with equity securities, index tracking, investing in other funds, operational, U.S. Treasury bills, market, high portfolio turnover, fund shares trading, premium/discount risk and liquidity of fund shares, passive management, absence of prior active market, authorized participant concentration, trading issues and concentration risks. The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.

    The indices listed are unmanaged indices and do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the Fund. An index’s performance is not illustrative of the Fund’s performance. Indices are not securities in which investments can be made.

    S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an index, it is unmanaged and is not a security in which investments can be made.

    Ned Davis Research CMG US Large Cap Long/Flat Index (the “Index”) is a rules-based index that follows a proprietary model developed by Ned Davis Research, Inc. in conjunction with CMG Capital Management Group, Inc. (“CMG”). The model produces daily trade signals to determine the Index’s equity allocation percentage (100%, 80%, 40%, or 0%). When allocated to a percentage of equities (long), that portion of the Index will comprise the S&P 500 Index. When allocated to a percentage of cash (flat), that portion of the Index will be allocated to the Solactive 13-week U.S. T-bill Index.

    Not intended to be a forecast of future events, a guarantee of future results or investment advice. Historical performance is not indicative of future results. Current data may differ from data quoted. Current market conditions may not continue. Any graphs shown herein are for illustrative purposes only.

    The Fund is not sponsored, endorsed, sold or promoted by Ned Davis Research, Inc. (“NDR”) or CMG Capital Management Group, Inc. (“CMG”). NDR and CMG make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly or the ability of the Index to track the performance of equities market.

    NEITHER NDR NOR CMG GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN AND NEITHER NDR NOR CMG SHALL HAVE ANY LIABILITY WHATSOEVER FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. NDR AND CMG MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE FUND, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR ANY DATA INCLUDED THEREIN. NDR AND CMG MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL NDR OR CMG HAVE ANY LIABILITY, JOINTLY OR SEVERALLY, FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

    The S&P 500 Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corp. Copyright © 2018 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

    The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

    This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.