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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 U.S. 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
    • NAIC
      Designation8

      1
  •  
    as of 09/30/16

    • 30-Day SEC Yield1

      1.20%
    • Total Net Assets

      $77.2M
    • Number of Holdings

      133
    • Options

      Expected
    • Gross Expense Ratio2

      0.48%
    • Net Expense Ratio/TER2

      0.14%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      10/31/2016
    1,2,8 See Important Disclosure
  • Morningstar™ Ratings3
    as of 8/31/16

    Category Overall 3 Year 5 Year
    Ultrashort Bond
        
    4 stars of 122 Funds
        
    4 stars of 122 Funds
        
    4 stars of 88
  • 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

    • Short Duration and Income Potential
      Floating rate notes may offer higher yields than other short duration instruments
  • Yield
    as of 09/30/16

    • 30-Day SEC Yield1

      1.20%
    • Distribution Yield1

      1.18%
    • 12-Month Yield1

      0.96%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      0.13%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.48%
    • Fee Waivers and
      Expense Reimbursement

      -0.34%
    • Net Expense Ratio/TER2

      0.14%
    2Expenses for FLTR are capped contractually at 0.14% until 09/01/17. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      FLTR
    • Index Total Return Ticker

      MVFLTR
    • NAV

      FLTRNV
    • Intraday NAV (IIV)5

      FLTRIV
    • Shares Outstanding

      3,100,000
    • Estimated Cash

      FLTREU
    • Total Cash

      FLTRTC
    • CUSIP

      92189F486
    • ISIN

      US92189F4862
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 09/29/16

    • Yield to Worst

      1.56%
    • Yield to Maturity

      1.56%
    • Effective Duration (yrs)

      0.11
    • Years to Maturity

      3.01
    • Modified Duration (yrs)

      0.12
    • Spread Duration (yrs)

      2.87
    • Coupon

      1.67%
     4 See Important Disclosure for definitions.
  • Prices as of 09/30/16

    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
    FLTR $24.92
    $24.92
    13,475
    1,292
    $0.00 / -0.01%
    $0.00 / +0.00%
    +1.5%
    +1.8%
    $0.00
    0.02%
  • View All Indices » View All ETFs » 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) 0.38 0.80 1.57 1.33 0.81 1.45 -- 0.89
    FLTR (Share Price) 0.46 0.72 1.74 1.50 0.71 1.56 -- 0.88
    MVFLTR (Index) 0.55 1.02 1.94 1.93 1.23 1.95 -- 1.37
    Performance Differential (NAV - Index) -0.17 -0.22 -0.37 -0.60 -0.42 -0.50 -- -0.48
    After Tax Held 0.33 0.68 1.28 0.93 0.49 1.12 -- 0.57
    After Tax Sold 0.21 0.45 0.89 0.75 0.47 0.97 -- 0.55
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/25/11
    FLTR (NAV) 0.09 0.72 0.86 0.54 0.70 0.95 -- 0.79
    FLTR (Share Price) 0.05 1.00 1.06 0.70 0.62 0.85 -- 0.78
    MVFLTR (Index) 0.10 0.82 1.02 0.99 1.05 1.37 -- 1.24
    Performance Differential (NAV - Index) -0.01 -0.10 -0.16 -0.45 -0.35 -0.42 -- -0.45
    After Tax Held 0.05 0.60 0.64 0.16 0.39 0.63 -- 0.47
    After Tax Sold 0.05 0.41 0.48 0.30 0.39 0.59 -- 0.47
  • Daily Holdings »Top 10 Holdings (%)as of 08/31/16

    Total Holdings: 143
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Jpmorgan Chase & Co
    1.615
    01/25/2018
    A-
    U.S.
    USD
    2.93
    Wells Fargo & Co
    1.345
    04/23/2018
    A+
    U.S.
    USD
    2.93
    Jpmorgan Chase & Co
    1.670
    01/23/2020
    A-
    U.S.
    USD
    2.78
    Goldman Sachs Group Inc/The
    1.875
    04/23/2020
    A-
    U.S.
    USD
    2.62
    Citigroup Inc
    1.424
    04/27/2018
    A-
    U.S.
    USD
    2.03
    Goldman Sachs Group Inc/The
    1.952
    04/30/2018
    A-
    U.S.
    USD
    2.03
    American Express Credit Corp
    1.197
    03/18/2019
    A-
    U.S.
    USD
    1.99
    Bank Of America Corp
    1.720
    01/15/2019
    BBB+
    U.S.
    USD
    1.77
    Westpac Banking Corp
    1.492
    07/30/2018
    AA-
    Australia
    USD
    1.72
    Goldman Sachs Group Inc/The
    1.853
    09/15/2020
    A-
    U.S.
    USD
    1.71
    Top 10 Total (%)22.51

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 08/31/16

    • Country

      % of Net Assets
    • UNITED STATES

      62.53
    • AUSTRALIA

      7.58
    • JAPAN

      6.42
    • CANADA

      4.94
    • SWITZERLAND

      4.78
    • NETHERLANDS

      2.92
    • FRANCE

      2.58
    • UNITED KINGDOM

      2.28
    • CHINA

      1.55
    • GERMANY

      1.43
    • SINGAPORE

      0.65
    • NORWAY

      0.60
    • SOUTH KOREA

      0.56
    • BELGIUM

      0.45
    • SPAIN

      0.38
    • SWEDEN

      0.32
    • Other/Cash

      0.03
  • Currency Exposure (%)
    as of 08/31/16

    • U.S. Dollar

      99.97
    • Other/Cash

      0.03
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Financial

      75.4
    • Technology

      7.6
    • Energy

      6.6
    • Communications

      3.8
    • Consumer, Non-cyclical

      3.5
    • Consumer, Cyclical

      2.7
    • Basic Materials

      0.4
    • Other/Cash

      0.0
  • Credit Quality (%) as of 08/31/16

    Composite % of Net Assets
    Investment Grade AAA 0.70
    AA 23.97
    A 62.24
    BBB 12.96
    Total Investment Grade -- 99.87
    Not Rated -- 0.13
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 08/31/16

    Average Portfolio Maturity: 2.49 Years