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FLTR
VanEck 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 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
    • 2017 Preliminary NAIC
      Designation8

      1
  •  
    as of 09/20/17

    • 30-Day SEC Yield1

      1.70%
    • Total Net Assets

      $214.0M
    • Number of Holdings

      212
    • Options

      Expected
    • Gross Expense Ratio2

      0.46%
    • Net Expense Ratio/TER2

      0.14%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/29/2017
    1,2,8 See Important Disclosure
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/25/11
    FLTR (NAV)0.110.591.992.461.191.47--1.14
    FLTR (Share Price)0.230.712.072.781.182.02--1.18
    MVFLTR (Index)0.130.672.072.921.651.91--1.62
    Performance Differential (NAV - Index)-0.02-0.08-0.08-0.46-0.46-0.44---0.48
    After Tax Held0.040.401.521.810.751.09--0.77
    After Tax Sold0.060.331.121.390.710.95--0.71
    Quarter End as of 06/30/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/25/11
    FLTR (NAV)0.220.551.622.811.151.64--1.11
    FLTR (Share Price)0.340.511.693.091.212.08--1.15
    MVFLTR (Index)0.260.691.663.441.592.09--1.59
    Performance Differential (NAV - Index)-0.04-0.14-0.04-0.63-0.44-0.45---0.48
    After Tax Held0.160.381.282.200.721.26--0.75
    After Tax Sold0.120.310.911.580.681.09--0.69
  • Performance History:Cumulative Total Return (%) as of 12/31/16

    1 YR3 YR5 YR10 YRLIFE
    04/25/11
    FLTR (NAV)2.042.4610.93--5.36
    FLTR (Share Price)2.452.7513.35--5.54
    MVFLTR (Index)2.794.0013.21--8.48
    Performance Differential (NAV - Index)-0.75-1.54-2.28---3.12
  • Distribution History

    Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains
    Ex-Date Record
    Date
    Payable Date Dividend
    Income*
    Short-Term
    Capital Gains
    Long-Term
    Capital Gains
    Return of Capital Total Distributions
    09/01/2017 09/06/2017 09/08/2017 $0.0370 -- -- -- $0.0370
    08/01/2017 08/03/2017 08/07/2017 $0.0368 -- -- -- $0.0368
    07/03/2017 07/06/2017 07/10/2017 $0.0356 -- -- -- $0.0356
    06/01/2017 06/05/2017 06/07/2017 $0.0355 -- -- -- $0.0355
    05/01/2017 05/03/2017 05/05/2017 $0.0322 -- -- -- $0.0322
    04/03/2017 04/05/2017 04/07/2017 $0.0309 -- -- -- $0.0309
    03/01/2017 03/03/2017 03/07/2017 $0.0279 -- -- -- $0.0279
    02/01/2017 02/03/2017 02/07/2017 $0.0309 -- -- -- $0.0309
    12/28/2016 12/30/2016 01/04/2017 $0.0344 -- -- -- $0.0344
    12/01/2016 12/05/2016 12/07/2016 $0.0268 -- -- -- $0.0268
    11/01/2016 11/03/2016 11/07/2016 $0.0270 -- -- -- $0.0270
    10/03/2016 10/05/2016 10/07/2016 $0.0260 -- -- -- $0.0260
    09/01/2016 09/06/2016 09/08/2016 $0.0246 -- -- -- $0.0246
    08/01/2016 08/03/2016 08/05/2016 $0.0233 -- -- -- $0.0233
    07/01/2016 07/06/2016 07/08/2016 $0.0224 -- -- -- $0.0224
    06/01/2016 06/03/2016 06/07/2016 $0.0231 -- -- -- $0.0231
    05/02/2016 05/04/2016 05/06/2016 $0.0221 -- -- -- $0.0221
    04/01/2016 04/05/2016 04/07/2016 $0.0219 -- -- -- $0.0219
    03/01/2016 03/03/2016 03/07/2016 $0.0198 -- -- -- $0.0198
    02/01/2016 02/03/2016 02/05/2016 $0.0180 -- -- -- $0.0180
    12/29/2015 12/31/2015 01/05/2016 $0.0165 -- -- -- $0.0165
    12/01/2015 12/03/2015 12/07/2015 $0.0166 -- -- -- $0.0166
    11/02/2015 11/04/2015 11/06/2015 $0.0154 -- -- -- $0.0154
    10/01/2015 10/05/2015 10/07/2015 $0.0148 -- -- -- $0.0148
    09/01/2015 09/03/2015 09/08/2015 $0.0151 -- -- -- $0.0151
    08/03/2015 08/05/2015 08/07/2015 $0.0153 -- -- -- $0.0153
    07/01/2015 07/06/2015 07/08/2015 $0.0139 -- -- -- $0.0139
    06/01/2015 06/03/2015 06/05/2015 $0.0139 -- -- -- $0.0139
    05/01/2015 05/05/2015 05/07/2015 $0.0132 -- -- -- $0.0132
    04/01/2015 04/06/2015 04/08/2015 $0.0141 -- -- -- $0.0141
    03/02/2015 03/04/2015 03/06/2015 $0.0124 -- -- -- $0.0124
    02/02/2015 02/04/2015 02/06/2015 $0.0133 -- -- -- $0.0133
    12/29/2014 12/31/2014 01/05/2015 $0.0137 $0.0040 $0.0060 -- $0.0237
    12/01/2014 12/03/2014 12/05/2014 $0.0134 -- -- -- $0.0134
    11/03/2014 11/05/2014 11/07/2014 $0.0129 -- -- -- $0.0129
    10/01/2014 10/03/2014 10/07/2014 $0.0130 -- -- -- $0.0130
    09/02/2014 09/04/2014 09/08/2014 $0.0125 -- -- -- $0.0125
    08/01/2014 08/05/2014 08/07/2014 $0.0130 -- -- -- $0.0130
    07/01/2014 07/03/2014 07/08/2014 $0.0130 -- -- -- $0.0130
    06/02/2014 06/04/2014 06/06/2014 $0.0130 -- -- -- $0.0130
    05/01/2014 05/05/2014 05/07/2014 $0.0120 -- -- -- $0.0120
    04/01/2014 04/03/2014 04/07/2014 $0.0130 -- -- -- $0.0130
    03/03/2014 03/05/2014 03/07/2014 $0.0116 -- -- -- $0.0116
    02/03/2014 02/05/2014 02/07/2014 $0.0127 -- -- -- $0.0127
    12/27/2013 12/31/2013 01/03/2014 $0.0123 -- -- -- $0.0123
    12/02/2013 12/04/2013 12/06/2013 $0.0101 -- -- -- $0.0101
    11/01/2013 11/05/2013 11/07/2013 $0.0138 -- -- -- $0.0138
    10/01/2013 10/03/2013 10/07/2013 $0.0126 -- -- -- $0.0126
    09/03/2013 09/05/2013 09/09/2013 $0.0126 -- -- -- $0.0126
    08/01/2013 08/05/2013 08/07/2013 $0.0115 -- -- -- $0.0115
    07/01/2013 07/03/2013 07/08/2013 $0.0116 -- -- -- $0.0116
    06/03/2013 06/05/2013 06/07/2013 $0.0128 -- -- -- $0.0128
    05/01/2013 05/03/2013 05/07/2013 $0.0140 -- -- -- $0.0140
    04/01/2013 04/03/2013 04/05/2013 $0.0158 -- -- -- $0.0158
    03/01/2013 03/05/2013 03/07/2013 $0.0170 -- -- -- $0.0170
    02/01/2013 02/05/2013 02/07/2013 $0.0170 -- -- -- $0.0170
    12/27/2012 12/31/2012 01/03/2013 $0.0170 -- -- -- $0.0170
    12/03/2012 12/05/2012 12/07/2012 $0.0169 -- -- -- $0.0169
    11/01/2012 11/05/2012 11/07/2012 $0.0231 -- -- -- $0.0231
    10/01/2012 10/03/2012 10/05/2012 $0.0231 -- -- -- $0.0231
    09/04/2012 09/07/2012 09/10/2012 $0.0231 -- -- -- $0.0231
    08/01/2012 08/03/2012 08/07/2012 $0.0231 -- -- -- $0.0231
    07/02/2012 07/05/2012 07/09/2012 $0.0231 -- -- -- $0.0231
    06/01/2012 06/05/2012 06/07/2012 $0.0231 -- -- -- $0.0231
    05/01/2012 05/03/2012 05/07/2012 $0.0210 -- -- -- $0.0210
    04/02/2012 04/04/2012 04/09/2012 $0.0210 -- -- -- $0.0210
    03/01/2012 03/05/2012 03/07/2012 $0.0210 -- -- -- $0.0210
    02/01/2012 02/03/2012 02/07/2012 $0.0210 -- -- -- $0.0210
    12/28/2011 12/30/2011 01/04/2012 $0.0220 -- -- -- $0.0220
    12/01/2011 12/05/2011 12/07/2011 $0.0190 -- -- -- $0.0190
    11/01/2011 11/03/2011 11/07/2011 $0.0190 -- -- -- $0.0190
    10/03/2011 10/05/2011 10/07/2011 $0.0160 -- -- -- $0.0160
    09/01/2011 09/06/2011 09/08/2011 $0.0160 -- -- -- $0.0160
    08/01/2011 08/03/2011 08/05/2011 $0.0156 -- -- -- $0.0156
    07/01/2011 07/06/2011 07/08/2011 $0.0143 -- -- -- $0.0143
    06/01/2011 06/03/2011 06/07/2011 $0.0150 -- -- -- $0.0150

    *All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck Vectors ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck Vectors ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

    Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

    The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

    Click here to access more detailed yearend tax information.

  • Calendar Year Returns (%) as of 12/31/2016

  • NAV History
    as of 08/31/17

  • Best & Worst
    Quarter Returns (%)
    as of 06/30/17

    • Best quarter

      1Q'12+3.77%
    • Worst quarter

      3Q'11-3.11%
    Best & Worst Quarter Returns are based on NAV, reflect the period since the Fund's inception, and are updated quarterly. 
  • 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. It does not reflect the yield an investor would have received if they had held the Fund over the last twelve months assuming the most recent NAV. Distributions may vary from time to time. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors Investment Grade Floating Rate ETF would have been 1.44% on 09/20/2017. 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.

    2FLTR Fees & Expenses: 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, trading expenses, taxes and extraordinary expenses) from exceeding 0.14% of the Fund's average daily net assets per year until at least September 1, 2018. 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".

    3Morningstar Ratings:If applicable, when the ETF is rated three stars or more for any given period. ©Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

    4These figures represent averages.Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Yield to Maturity is the annualized return on a bond held to maturity. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. Spread Duration measures a bond's price sensitivity to a 100 basis point change to its option-adjusted spread. As the rate of the Treasury security in the option-adjusted spread increases, the rate of the option-adjusted spread also increases. Years to Maturity is the period of time for which a financial instrument remains outstanding. Maturity refers to a finite time period at the end of which the financial instrument will cease to exist and the principal is repaid. Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The coupon and yields presented do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

    5IIV 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.

    6The 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.

    7Floating rate notes are less sensitive to interest rate changes, but may decline in value if their interest rates do not rise as much or as quickly as interest rates in general.

    8Preliminary NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. A Preliminary NAIC Designation is an opinion of the NAIC Securities Valuation Office (SVO) of the probable credit quality designation that would be assigned by the SVO to an investment if purchased by an insurance company and reported to the SVO. A Preliminary NAIC Designation is only one of the regulatory factors considered by the SVO as part of its analysis of probable regulatory treatment under the Regulatory Treatment Analysis Service (RTAS). A full discussion of such other regulatory factors is set forth in the RTAS Letter provided to Van Eck Associates Corporation. A Preliminary NAIC Designation cannot be used to report the ETF to state insurance regulators. However, the purchasing insurance company may obtain an NAIC Designation for the ETF by filing the security and final documents for the ETF with the SVO. The indication of probable regulatory treatment indicated by a Preliminary NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

    The SVO of the NAIC assesses the credit quality of fixed income securities owned by state-regulated insurance companies and assigns appropriate NAIC designations, ranging from the highest quality of 1 to the lowest of 6. Designations only measure credit risk and do not measure other risks or factors such as volatility, interest rate, prepayment, extension or liquidity risk.

    An investment in the Fund may be subject to risk which includes, among others, credit risk, market risk, and interest rate risk, all of which may adversely affect the Fund. International investing involves additional risks which include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. The Fund’s assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

    After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares throughtax-deferred arrangements such as 401(k) plans or individual retirement.

    VanEck Vectors Investment Grade Floating Rate ETF is not sponsored, issued or advised by Wells Fargo & Company, Wells Fargo Securities, LLC or any of their affiliates. The MVIS US Investment Grade Floating Rate Index is the exclusive property of MV Index Solutions GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Wells Fargo to create and maintain and with Interactive Data Pricing and Reference Data, LLC to calculate the Index. Neither Wells Fargo nor Interactive Data Pricing and Reference Data, LLC guarantees the accuracy and/or completeness of the Index or of any data supplied by it or its agents or makes any warranty as to the results to be obtained from investing in the Fund or tracking the Index. The Index is calculated by Interactive Data Pricing and Reference, LLC, which is not an adviser for or fiduciary to the Fund, and, like Wells Fargo, is not responsible for any direct, indirect or consequential damages associated with indicative optimized portfolio values and/or indicative intraday values. The VanEck Vectors Investment Grade Floating Rate ETF is not sponsored, endorsed, sold or promoted by MV Index Solutions GmbH and MV Index Solutions GmbH makes no representation regarding the advisability of investing in the Fund.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    Country of Risk: Country of risk is defined using the International Organization for Standardization’s (ISO) country codes which take four factors into account (listed in order of importance): management location, country of primary listing, country of revenue and reporting currency of the issuer. Management location is defined by country of domicile unless location of such key players as the CEO, CFO, COO or General Counsel is otherwise.

    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.

    The performance data quoted represents past performance. Past performance is not a guarantee of future results. Performance information for the Fund reflects temporary waivers of expenses and/or fees. Had the Fund incurred all expenses, investment returns would have been reduced. Investment return and value of the shares of the Fund will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Performance current to the most recent month end is available by calling 800.826.2333 or on this web page.

    Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. 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/etfs . 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.