Skip directly to Accessibility Notice

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 06/27/22

  • 30-Day SEC Yield1

    -0.14%
  • Total Net Assets

    $48.4M
  • 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
Why Invest?

Morningstar™ Ratings3
as of 05/31/2022

Category Overall 3 Year
Large Blend
3 stars of 1221 funds
3 stars of 1221 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

    1,300,000
  • 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
  • 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
  • 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 06/27/22

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 $37.25
$37.26
15,694
7,058
$0.00 / -0.01%
$0.01 / +0.03%
-15.65%
-15.63%
$0.01
0.03%
0.08%

Premium/Discount History as of 06/27/22

Calendar Year 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 75 17 10 21 19
LFEQ Days closed at NAV 40 14 8 11 7
Days closed at a discount 137 32 46 32 36

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) -2.91 -8.15 -15.64 -3.96 14.52 -- -- 10.17
LFEQ (Share Price) -2.82 -8.09 -15.65 -3.99 14.49 -- -- 10.17
NDRCMGLF (Index) -2.91 -8.09 -15.45 -3.38 15.23 -- -- 10.82
Performance Differential (NAV - Index) -- -0.06 -0.19 -0.58 -0.71 -- -- -0.65
S&P 500 Index 0.18 -5.16 -12.76 -0.30 16.44 13.38 14.40 13.04
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) 3.74 -4.71 -4.71 14.86 18.19 -- -- 13.61
LFEQ (Share Price) 4.02 -4.53 -4.53 15.08 18.22 -- -- 13.66
NDRCMGLF (Index) 3.71 -4.60 -4.60 15.65 18.92 -- -- 14.28
Performance Differential (NAV - Index) 0.03 -0.11 -0.11 -0.79 -0.73 -- -- -0.67
S&P 500 Index 3.71 -4.60 -4.60 15.65 18.92 15.99 14.64 15.84

Daily Holdings (%) as of 06/24/22 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 74.84
BBG015ZCXS77
36,368,000
Bond 36,245,561
--
Other/Cash 25.16
--
0
Cash 12,182,000
← Scroll for more information →
These are not recommendations to buy or to sell any security. Securities and holdings may vary.