LFEQVanEck Vectors Long/Flat Trend ETF
Fund Description
VanEck Vectors®Long/Flat Trend ETF (LFEQ®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ned Davis Research CMG US Large Cap Long/Flat Index (NDRCMGLF). The NDRCMGLF Index follows a proprietary model that determines when, and by how much, it allocates to U.S. equities and/or U.S. Treasury bills to seek to help avoid losses in declining markets or capitalize from rising markets. The model produces daily trade signals to determine the Index's equity allocation percentage (100%, 50%, or 0%).
-
Fund Ticker
LFEQ -
Exchange
NYSE Arca -
Index Total Return Ticker
NDRCMGLF -
Index Provider
Ned Davis Research, Inc. -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
NDRCMGLF
as of 04/14/21
-
30-Day SEC Yield1
0.90% -
Total Net Assets
$31.5M -
Number of Holdings
1 -
Options
Expected -
Gross Expense Ratio2
0.79% -
Net Expense Ratio/TER2
0.58% -
Distribution Frequency
Annual
Key Points
- Tactically allocates between S&P 500 equities and U.S. T-bills
Based on a breadth model that measures 24 industries, not just the top line S&P 500 return
- Seeks to minimize impact of market downturns and participate in uptrends
Measures short, intermediate and long-term trends and includes a mean reversion signal to participate in bounce backs
- Driven by the institutional expertise of Ned Davis Research
One of the largest independent institutional investment research providers
Trading Information
-
Fund Ticker
LFEQ -
Index Total Return Ticker
NDRCMGLF -
NAV
LFEQNV -
Intraday NAV (IIV)3
LFEQIV -
Shares Outstanding
825,000 -
Estimated Cash
LFEQEU -
Total Cash
LFEQTC -
CUSIP
92189F148 -
ISIN
US92189F1488
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.26% -
Acquired Fund Fees and Expenses
0.03% -
Gross Expense Ratio
0.79% -
Fee Waivers andExpense Reimbursement
-0.21% -
Net Expense Ratio/TER2
0.58%
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Prices as of 04/14/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 10/04/17 |
|
---|---|---|---|---|---|---|---|---|
LFEQ (NAV) | 4.52 | 8.43 | 8.43 | 55.34 | 14.02 | -- | -- | 13.25 |
LFEQ (Share Price) | 4.08 | 8.36 | 8.36 | 55.74 | 14.07 | -- | -- | 13.25 |
NDRCMGLF (Index) | 4.38 | 6.18 | 6.18 | 56.35 | 14.66 | -- | -- | 13.89 |
Performance Differential (NAV - Index) | 0.14 | 2.25 | 2.25 | -1.01 | -0.64 | -- | -- | -0.64 |
S&P 500 Index | 4.38 | 6.17 | 6.17 | 56.35 | 16.78 | 16.29 | 13.91 | 15.90 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 10/04/17 |
|
---|---|---|---|---|---|---|---|---|
LFEQ (NAV) | 4.52 | 8.43 | 8.43 | 55.34 | 14.02 | -- | -- | 13.25 |
LFEQ (Share Price) | 4.08 | 8.36 | 8.36 | 55.74 | 14.07 | -- | -- | 13.25 |
NDRCMGLF (Index) | 4.38 | 6.18 | 6.18 | 56.35 | 14.66 | -- | -- | 13.89 |
Performance Differential (NAV - Index) | 0.14 | 2.25 | 2.25 | -1.01 | -0.64 | -- | -- | -0.64 |
S&P 500 Index | 4.38 | 6.17 | 6.17 | 56.35 | 16.78 | 16.29 | 13.91 | 15.90 |
Daily Holdings (%) as of 04/13/21 Download All Holdings
Ticker
|
Holding Name |
Identifier (FIGI)
|
Shares | Asset Class |
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|---|---|
VOO US
|
Vanguard S&P 500 ETF |
BBG0015VYNT4
|
83,190
|
Stock | 31,566,446 | 99.93 |
--
|
Other/Cash |
--
|
--
|
Cash | 21,146 | 0.07 |