VanEck Vectors
Investment Grade Floating Rate ETF

As of April 30, 2021

Fund Details

Fund Ticker FLTR
Index Ticker MVFLTR
Total Net Assets ($M) 559.85
Number of Holdings 213
Exchange NYSE Arca
Distribution Frequency Monthly


30-Day SEC Yield 0.40%
*30-Day SEC Yield reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time.

Fees & Expenses2

Management Fee 0.14%
Other Expenses --
Acquired Fund Fees and Expenses --
Gross Expense Ratio 0.14%
Fee Waivers and
Expense Reimbursement
Net Expense Ratio 0.14%
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.

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.

Top 10 Holdings

Total Holdings: 213
Holding Name Coupon Maturity % of Net Assets
MORGAN STANLEY 1.576 10/24/2023 2.00
CITIGROUP INC 1.621 09/01/2023 1.98
WELLS FARGO & CO 1.416 10/31/2023 1.97
HSBC HOLDINGS PLC 1.189 05/18/2024 1.97
JPMORGAN CHASE & CO 1.406 10/24/2023 1.97
GOLDMAN SACHS GROUP INC/THE 1.790 11/28/2023 1.81
VERIZON COMMUNICATIONS INC 1.298 05/15/2025 1.79
MORGAN STANLEY 1.413 05/08/2024 1.74
AT&T INC 1.364 06/12/2024 1.62
Top 10 Total 18.47

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

†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Performance History: Average Annual Total Returns* (%)

Month End as of 04/30/21 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
FLTR (NAV) 0.09 0.11 0.45 4.07 2.33 2.48 1.60 1.60
FLTR (Share Price) 0.02 0.04 0.58 4.47 2.34 2.63 1.59 1.62
MVFLTR (Index) 0.10 0.15 0.44 4.35 2.56 2.78 1.98 1.99
Performance Differential (NAV - Index) -0.01 -0.04 0.01 -0.28 -0.23 -0.30 -0.38 -0.39
Quarter End as of 03/31/21 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
FLTR (NAV) -0.16 0.36 0.36 7.54 2.48 2.53 -- 1.60
FLTR (Share Price) 0.18 0.56 0.56 8.79 2.52 2.64 -- 1.63
MVFLTR (Index) -0.14 0.34 0.34 7.93 2.70 2.84 1.99 1.99
Performance Differential (NAV - Index) -0.02 0.02 0.02 -0.39 -0.22 -0.31 -- -0.39

The Fund’s prospectus has not been submitted for approval to the Belgian Financial Services and Markets Authority (Autoriteit voor Financiële Diensten en Markten / Autorité des Services et Marchés Financiers) and, accordingly, the shares may not be distributed by way of public offering in Belgium and may only be offered to a maximum of 99 investors or to institutional and professional investors (as defined in Article 5, §3 of the Law of July 20, 2004, and as extended by the provisions of the Belgian Royal Decree of September 26, 2006 . These materials may be distributed in Belgium only to such prospective investors for their personal use and may not be used for any other purpose or passed on to any other person in Belgium. Shares will only be offered to such qualifying prospective investors.

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. Net asset value (NAV) per share is calculated by subtracting total liabilities from the total assets, then dividing by the number of shares outstanding. Share price is the last price at which shares were traded on the Fund’s primary listing exchange. Performance current to the most recent month end is available by calling 800.826.2333 or by visiting vaneck.com. Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. 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.

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.


VanEck Vectors
Investment Grade Floating Rate ETF

As of April 30, 2021


Yield to Worst 0.51%
Yield to Maturity 0.66%
Effective Duration (yrs) 0.08
Years to Maturity 2.65
Modified Duration (yrs) 0.12
Spread Duration (yrs) 1.77
Coupon 1.08%
*These figures represent weighted averages. 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, and is appropriate for bonds with embedded options. Years to Maturity is the period of time for which a financial instrument remains outstanding.

Top 10 Countries

Country % of Net Assets
United States 57.34
United Kingdom 11.38
Japan 9.90
Australia 4.80
Switzerland 3.99
Canada 3.74
Germany 2.60
Netherlands 2.07
China 1.43
France 1.37
Top 10 Total 98.63

Sector Weightings

Sector % of Net Assets
Financials 75.9
Technology 6.8
Utilities 5.5
Healthcare 3.1
Energy 2.7
Consumer Non-Cyclicals 2.4
Consumer Cyclicals 2.0
Industrials 1.5
Other/Cash 0.1

An investment in the Fund may be subject to risk which includes, among others, foreign securities, foreign currency, investing in Japanese and United Kingdom issuers, credit, interest rate, floating rate, floating rate LIBOR, restricted securities, financial, market, operational, sampling, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, all of which may adversely affect the Fund.

The MVIS US Investment Grade Floating Rate Index is the exclusive property of MV Index Solutions GmbH (a wholly owned subsidiary of Van Eck Securities Corporation), 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.

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 contain 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.

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