Related Funds
FLTRVanEck 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
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%
Index Top 10 Constituents (%) as of 05/31/22
to view
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 |
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