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FLTR
VanEck Investment Grade Floating Rate ETF

Fund Description

VanEck 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

  • Inception Date

    04/25/2011

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Index Ticker

    MVFLTR

  • Index Rebalancing

    Monthly

  • 2022 Preliminary NAIC Designation8

    1.G

 
as of 06/28/22

  • 30-Day SEC Yield1

    1.83%

  • Total Net Assets

    $1.1B

  • Number of Holdings

    226

  • Options

    No

  • Gross Expense Ratio2

    0.14%

  • Net Expense Ratio/TER2

    0.14%

  • Distribution Frequency

    Monthly

  • Next Distribution Date

    06/30/2022
1,2,8 See Important Disclosure.
Schedule a Call
Why Invest?
How to Buy

Index Key Points

The MVIS US Investment Grade Floating Rate Index (MVFLTR) comprises:

U.S. dollar denominated floating rate notes issued by corporate entities or similar commercial entities that are public reporting companies in the U.S. and rated investment grade.

Issues eligible for inclusion in Index:  

  • Rated investment grade, as determined by MarketVector Indexes.
  • Outstanding issue size of at least $500 million. 
  • Minimum of 6 months remaining to maturity.
  • U.S. dollar denominated.

Index Weighting:

  • Modified market-cap weighted.
  • Constituents capped at 2%.
  • Rebalanced monthly.

Index Provider: MarketVector Indexes

Index Profile

  • Ticker

    MVFLTR

  • Inception Date

    02/10/2011

  • Rebalance Frequency

    Monthly

Index Fundamentals4
as of 06/28/22

  • Yield to Worst

    2.94%

  • Yield to Maturity

    2.95%

  • Effective Duration (yrs)

    -0.06

  • Modified Duration (yrs)

    0.04

  • Spread Duration (yrs)

    2.48

  • Years to Maturity

    3.00

  • Coupon

    2.24%
 4See Important Disclosure for definitions.

Index Top 10 Constituents (%)  as of 05/31/22

Total Constituents: 227
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full data
Constituent Name
Coupon
 Maturity Weightings (%)
Verizon Communications
--
05/15/2025 1.99
Goldman Sachs Group Inc
--
05/15/2026 1.96
Bank Of America Corp
--
02/05/2026 1.95
Commonwealth Bank Aust
--
07/07/2025 1.94
Morgan Stanley
0.675
 01/24/2025 1.61
Goldman Sachs Group Inc
2.922
 10/28/2027 1.32
Jpmorgan Chase & Co
--
07/23/2024 1.31
Ubs Ag London
--
08/09/2024 1.30
Truist Financial Corp
--
06/09/2025 1.28
Capital One Financial Co
--
12/06/2024 1.17
Top 10 Total (%) 15.84
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 05/31/22

  • Country

    % of Net Assets
  • ■

    United States

    61.59
  • ■

    Canada

    10.25
  • ■

    Australia

    7.97
  • ■

    United Kingdom

    7.55
  • ■

    Japan

    5.19
  • ■

    France

    2.07
  • ■

    Netherlands

    1.57
  • ■

    Norway

    0.91
  • ■

    Switzerland

    0.68
  • ■

    South Korea

    0.68
  • ■

    Germany

    0.52
  • ■

    China

    0.35
  • ■

    Spain

    0.21
  • ■

    Cayman Islands

    0.20
  • ■

    Ireland

    0.16
  • ■

    Sweden

    0.10

Index Sector Weightings (%) as of 05/31/22

  • Sector

    % of Net Assets
  • ■

    Financials

    84.1
  • ■

    Technology

    4.9
  • ■

    Utilities

    3.1
  • ■

    Industrials

    3.0
  • ■

    Healthcare

    1.7
  • ■

    Consumer Non-Cyclicals

    1.5
  • ■

    Consumer Cyclicals

    0.8
  • ■

    Energy

    0.6
  • ■

    Real Estate

    0.4

Index Credit Quality (%)† as of 05/31/22

Composite % of Net Assets
Investment Grade AA 11.25
A 58.29
BBB 30.46
Total Investment Grade -- 100.00
Not Rated -- --

Maturity (%) as of 05/31/22

Average Maturity: 3.02 Years