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LFEQ
VanEck Long/Flat Trend ETF

Fund Description

VanEck 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
  • Index Ticker

    NDRCMGLF
  • Inception Date

    10/04/2017

 
as of 08/16/22

  • 30-Day SEC Yield1

    1.01%
  • Total Net Assets

    $56.9M
  • Number of Holdings

    1
  • Options

    No
  • Gross Expense Ratio2

    0.85%
  • Net Expense Ratio/TER2

    0.58%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/27/2022

Morningstar™ Ratings3
as of 07/31/2022

Category Overall 3 Year 5 Year
Large Blend
3 stars of 1232 funds
3 stars of 1232 funds
stars of funds

Key Points

  • Tactically allocates between S&P 500 equities and U.S. T-bills
    Based on a breadth model that measures 24 industries, in addition to the top line S&P 500 return

  • Seeks to minimize impact of market downturns and participate in uptrends
    Incorporates short, intermediate and long-term trend indicators, augmented by volatility and mean reversion inputs

  • 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)4

    LFEQIV
  • Shares Outstanding

    1,525,000
  • Estimated Cash

    LFEQEU
  • Total Cash

    LFEQTC
  • CUSIP

    92189F148
  • ISIN

    US92189F1488
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.32%
  • Acquired Fund Fees and Expenses

    0.03%
  • Gross Expense Ratio

    0.85%
  • Fee Waivers and
    Expense Reimbursement

    -0.27%
  • Net Expense Ratio/TER2

    0.58%

2Expenses for LFEQ are capped contractually at 0.55% until February 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • 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
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • 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 08/16/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
LFEQ $37.29
$37.30
11,016
2,462
$0.00 / +0.00%
$0.03 / +0.08%
-15.55%
-15.53%
$0.01
0.03%
0.11%

Premium/Discount History as of 08/16/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 75 10 21 19 12
LFEQ Days closed at NAV 40 8 11 7 10
Days closed at a discount 137 46 32 36 40

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) 0.03 -2.89 -15.62 -8.23 11.47 -- -- 9.80
LFEQ (Share Price) 0.03 -2.78 -15.61 -8.15 11.42 -- -- 9.81
NDRCMGLF (Index) 0.07 -2.69 -15.26 -7.56 12.19 -- -- 10.48
Performance Differential (NAV - Index) -0.04 -0.20 -0.36 -0.67 -0.72 -- -- -0.68
S&P 500 Index 9.22 0.39 -12.58 -4.64 13.36 12.83 13.80 12.61
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) -0.01 -11.47 -15.64 -6.05 11.98 -- -- 9.98
LFEQ (Share Price) 0.01 -11.63 -15.64 -6.12 11.98 -- -- 9.98
NDRCMGLF (Index) 0.13 -11.24 -15.32 -5.43 12.70 -- -- 10.66
Performance Differential (NAV - Index) -0.14 -0.23 -0.32 -0.62 -0.72 -- -- -0.68
S&P 500 Index -8.25 -16.10 -19.96 -10.62 10.60 11.31 12.96 10.77

Daily Holdings (%) as of 08/16/22 Download All Holdings

Total Holdings: 1
Ticker
Holding Name % of Net
Assets
Identifier (FIGI)
Shares
Asset Class Market Value
(US$)
912796U49
United States Treasury Bill 99.89
BBG015ZCXS77
56,894,000
Bond 56,804,102
--
Other/Cash 0.11
--
0
Cash 64,094
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