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MBBBVanEck Vectors Moody’s Analytics BBB Corporate Bond ETF
Fund Description
VanEck Vectors® Moody’s Analytics® BBB Corporate Bond ETF seeks to track, as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Moody’s Analytics® US BBB Corporate Bond Index, which includes BBB rated corporate bonds that have attractive valuations and a lower probability of being downgraded to high yield compared to other BBB rated bonds.
-
Fund Ticker
MBBB -
Exchange
Cboe -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVBI -
Index Rebalancing
Monthly
as of 01/15/21
-
30-Day SEC Yield1
2.14% -
Total Net Assets
$10.1M -
Number of Holdings
113 -
Options
Expected -
Gross Expense Ratio2
0.25% -
Net Expense Ratio/TER2
0.25% -
Distribution Frequency
Monthly
1,2 See Important Disclosure.
Key Points
- Selects bonds with attractive risk-adjusted valuations, providing outperformance potential versus the broader market
- Quantitative approach uses market-based information, including the issuer’s stock price, to develop a forward looking assessment of credit risk
- Powered by Moody’s Analytics credit risk platform, which is relied upon by over 650 of the world’s largest institutional investors
Yield
as of 01/15/21
-
30-Day SEC Yield1
2.14% -
Distribution Yield1
2.24% -
12-Month Yield1
0.19%
1 See Important Disclosure for definitions.
Fees & Expenses2
-
Management Fee
0.25% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.25% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
0.25%
2Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.
Trading Information
-
Fund Ticker
MBBB -
Index Total Return Ticker
MVBI -
NAV
MBBBNV -
Shares Outstanding
400,000 -
Estimated Cash
MBBBEU -
Total Cash
MBBBTC -
CUSIP
92189H854 -
ISIN
US92189H8549
5See IIV Details. Source: Bloomberg
Fundamentals4
as of 01/14/21
-
Yield to Worst
2.33% -
Yield to Maturity
2.43% -
Effective Duration (yrs)
6.94 -
Years to Maturity
10.33 -
Modified Duration (yrs)
7.21 -
Spread Duration (yrs)
7.11 -
Coupon
5.00%
4 See Important Disclosure for definitions.
Prices as of 01/15/21
$0.04 / +0.15% Performance History: Average Annual Total Returns* (%)
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 12/01/20 |
|
|---|---|---|---|---|---|---|---|---|
| MBBB (NAV) | -- | -- | -- | -- | -- | -- | -- | 1.14 |
| MBBB (Share Price) | -- | -- | -- | -- | -- | -- | -- | 1.40 |
| MVBI (Index) | 1.28 | -- | -- | -- | -- | -- | -- | 1.49 |
| Performance Differential (NAV - Index) | -- | -- | -- | -- | -- | -- | -- | -0.35 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE | |
|---|---|---|---|---|---|---|---|---|
| MBBB (NAV) | -- | -- | -- | -- | -- | -- | -- | 1.14 |
| MBBB (Share Price) | -- | -- | -- | -- | -- | -- | -- | 1.40 |
| MVBI (Index) | 1.28 | -- | -- | -- | -- | -- | -- | -- |
| Performance Differential (NAV - Index) | -- | -- | -- | -- | -- | -- | -- | -- |
Top 10 Holdings (%) as of 12/31/20 Daily Holdings
Total Holdings: 115
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| Holding Name |
Coupon
|
Maturity |
Composite
Rating |
Country†
|
Currency
|
% of Net Assets |
|
|---|---|---|---|---|---|---|---|
| GE CAPITAL INTERNATIONAL FUNDING CO UNL |
4.418
|
11/15/35
|
BBB+
|
United States
|
USD
|
2.37 | |
| T-MOBILE USA INC |
3.875
|
04/15/30
|
BBB-
|
United States
|
USD
|
2.31 | |
| ENEL FINANCE INTERNATIONAL NV |
3.625
|
05/25/27
|
BBB+
|
Italy
|
USD
|
2.25 | |
| STANDARD CHARTERED PLC |
4.300
|
02/19/27
|
BBB
|
United Kingdom
|
USD
|
2.23 | |
| BARCLAYS PLC |
2.645
|
06/24/31
|
BBB+
|
United Kingdom
|
USD
|
2.06 | |
| T-MOBILE USA INC |
3.500
|
04/15/25
|
BBB-
|
United States
|
USD
|
1.65 | |
| CHARTER COMMUNICATIONS OPERATING LLC / |
5.050
|
03/30/29
|
BBB-
|
United States
|
USD
|
1.52 | |
| ALTRIA GROUP INC |
4.800
|
02/14/29
|
BBB+
|
United States
|
USD
|
1.51 | |
| TIME WARNER CABLE LLC |
7.300
|
07/01/38
|
BBB-
|
United States
|
USD
|
1.50 | |
| DANSKE BANK A/S |
1.171
|
12/08/23
|
BBB+
|
Denmark
|
USD
|
1.49 | |
| Top 10 Total (%) | 18.89 | ||||||
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
72.41 -
■
United Kingdom
6.60 -
■
Canada
5.44 -
■
Italy
3.68 -
■
France
2.21 -
■
Germany
1.57 -
■
Denmark
1.49 -
■
Switzerland
1.47 -
■
Spain
1.43 -
■
Russia
1.34 -
■
Mexico
0.75 -
■
Saudi Arabia
0.63 -
■
Japan
0.55 -
■
Netherlands
0.52 -
■
Other/Cash
-0.09
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
100.09 -
Other/Cash
-0.09
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Financials
28.9 -
■
Energy
17.6 -
■
Technology
15.4 -
■
Consumer Cyclicals
9.2 -
■
Consumer Non-Cyclicals
8.5 -
■
Healthcare
7.0 -
■
Industrials
6.1 -
■
Utilities
4.6 -
■
Basic Materials
2.1 -
■
Real Estate
0.6 -
■
Other/Cash
-0.1
Credit Quality (%) as of 12/31/20
| Composite | % of Net Assets | |
|---|---|---|
| Investment Grade | BBB | 100.00 |
| Total Investment Grade | -- | 100.00 |
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.
Maturity (%) as of 12/31/20
Average Portfolio Maturity: 10.39 Years