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Related Funds
FLTRVanEck Vectors Investment Grade Floating Rate ETF
Fund Description
VanEck Vectors® Investment Grade Floating Rate ETF (FLTR®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Investment Grade Floating Rate Index (MVFLTR), which consists of U.S. dollar denominated floating rate notes issued by corporate issuers and rated investment grade.
-
Fund Ticker
FLTR -
Exchange
NYSE Arca -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVFLTR -
Index Rebalancing
Monthly -
2020 Preliminary NAIC
1.G
Designation8
as of 01/22/21
-
30-Day SEC Yield1
0.46% -
Total Net Assets
$449.8M -
Number of Holdings
226 -
Options
Expected -
Gross Expense Ratio2
0.40% -
Net Expense Ratio/TER2
0.14% -
Distribution Frequency
Monthly
Key Points
- Potential to Benefit from Rising Rates7
Floating rate notes have variable coupons that reset periodically - Investment Grade Credit Quality
Underlying index is comprised of a non-leveraged portfolio of investment grade floating rate corporate bonds - Near-Zero Duration with Enhanced Yield Potential
Floating rate notes may offer higher yields than other short duration instruments
Yield
as of 01/22/21
-
30-Day SEC Yield1
0.46% -
Distribution Yield1
0.83% -
12-Month Yield1
1.48%
Fees & Expenses2
-
Management Fee
0.35% -
Other Expenses
0.05% -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.40% -
Fee Waivers andExpense Reimbursement
-0.26% -
Net Expense Ratio/TER2
0.14%
Trading Information
-
Fund Ticker
FLTR -
Index Total Return Ticker
MVFLTR -
NAV
FLTRNV -
Intraday NAV (IIV)5
FLTRIV -
Shares Outstanding
17,750,000 -
Estimated Cash
FLTREU -
Total Cash
FLTRTC -
CUSIP
92189F486 -
ISIN
US92189F4862
Fundamentals4
as of 01/21/21
-
Yield to Worst
0.52% -
Yield to Maturity
0.67% -
Effective Duration (yrs)
0.08 -
Years to Maturity
2.52 -
Modified Duration (yrs)
0.10 -
Spread Duration (yrs)
1.97 -
Coupon
1.13%
Prices as of 01/22/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 04/25/11 |
|
---|---|---|---|---|---|---|---|---|
FLTR (NAV) | 0.09 | 0.49 | 1.66 | 1.66 | 2.52 | 2.48 | -- | 1.61 |
FLTR (Share Price) | 0.11 | 0.54 | 1.58 | 1.58 | 2.48 | 2.54 | -- | 1.61 |
MVFLTR (Index) | 0.18 | 0.61 | 1.81 | 1.81 | 2.72 | 2.82 | -- | 2.01 |
Performance Differential (NAV - Index) | -0.09 | -0.12 | -0.15 | -0.15 | -0.20 | -0.34 | -- | -0.40 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 04/25/11 |
|
---|---|---|---|---|---|---|---|---|
FLTR (NAV) | 0.09 | 0.49 | 1.66 | 1.66 | 2.52 | 2.48 | -- | 1.61 |
FLTR (Share Price) | 0.11 | 0.54 | 1.58 | 1.58 | 2.48 | 2.54 | -- | 1.61 |
MVFLTR (Index) | 0.18 | 0.61 | 1.81 | 1.81 | 2.72 | 2.82 | -- | 2.01 |
Performance Differential (NAV - Index) | -0.09 | -0.12 | -0.15 | -0.15 | -0.20 | -0.34 | -- | -0.40 |
Top 10 Holdings (%) as of 12/31/20 Daily Holdings
to view
full data
Holding Name |
Coupon
|
Maturity |
Composite
Rating |
Country†
|
Currency
|
% of Net Assets |
|
---|---|---|---|---|---|---|---|
MORGAN STANLEY |
1.615
|
10/24/2023
|
A2
|
United States
|
USD
|
1.99 | |
CITIGROUP INC |
1.655
|
09/01/2023
|
A3
|
United States
|
USD
|
1.83 | |
JPMORGAN CHASE & CO |
1.445
|
10/24/2023
|
A2
|
United States
|
USD
|
1.82 | |
WELLS FARGO & CO |
1.444
|
10/31/2023
|
A2
|
United States
|
USD
|
1.81 | |
HSBC HOLDINGS PLC |
1.220
|
05/18/2024
|
A2
|
United Kingdom
|
USD
|
1.80 | |
GOLDMAN SACHS GROUP INC/THE |
1.824
|
11/28/2023
|
A3
|
United States
|
USD
|
1.67 | |
VERIZON COMMUNICATIONS INC |
1.321
|
05/15/2025
|
Baa1
|
United States
|
USD
|
1.64 | |
MORGAN STANLEY |
1.433
|
05/08/2024
|
A2
|
United States
|
USD
|
1.60 | |
AT&T INC |
1.400
|
06/12/2024
|
Baa2
|
United States
|
USD
|
1.50 | |
MITSUBISHI UFJ FINANCIAL GROUP INC |
1.075
|
07/26/2023
|
A3
|
Japan
|
USD
|
1.49 | |
Top 10 Total (%) | 17.15 |
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Country Weightings (%) as of 12/31/20
-
Country
% of Net Assets -
■
United States
55.78 -
■
Japan
10.85 -
■
United Kingdom
9.72 -
■
Australia
6.19 -
■
Canada
4.63 -
■
Switzerland
3.64 -
■
Germany
2.96 -
■
Netherlands
1.58 -
■
France
1.44 -
■
China
1.41 -
■
Spain
0.97 -
■
Sweden
0.37 -
■
Norway
0.21 -
■
Singapore
0.18 -
■
South Korea
0.13 -
■
Other/Cash
-0.05
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
100.05 -
Other/Cash
-0.05
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Financials
77.6 -
■
Technology
6.6 -
■
Utilities
3.4 -
■
Healthcare
3.1 -
■
Energy
2.5 -
■
Consumer Non-Cyclicals
2.5 -
■
Consumer Cyclicals
2.4 -
■
Industrials
2.0 -
■
Other/Cash
0.0
Credit Quality (%) as of 12/31/20
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AAA | 0.33 |
AA | 10.69 | |
A | 67.11 | |
BBB | 21.87 | |
Total Investment Grade | -- | 100.00 |
Maturity (%) as of 12/31/20
Average Portfolio Maturity: 2.53 Years