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MBBB
VanEck Vectors Moody’s Analytics BBB Corporate Bond ETF

Fund Description

VanEck Vectors® Moody’s Analytics® BBB Corporate Bond ETF seeks to track, as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Moody’s Analytics® US BBB Corporate Bond Index, which includes BBB rated corporate bonds that have attractive valuations and a lower probability of being downgraded to high yield compared to other BBB rated bonds.

 
 

  • Fund Ticker

    MBBB

  • Exchange

    Cboe

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    MVBI

  • Index Rebalancing

    Monthly

 
as of 04/14/21

  • 30-Day SEC Yield1

    2.43%

  • Total Net Assets

    $9.9M

  • Number of Holdings

    115

  • Options

    Expected

  • Gross Expense Ratio2

    0.25%

  • Net Expense Ratio/TER2

    0.25%

  • Distribution Frequency

    Monthly
1,2 See Important Disclosure.
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Key Points

  • Selects bonds with attractive risk-adjusted valuations, providing outperformance potential versus the broader market
  • Quantitative approach uses market-based information, including the issuer’s stock price, to develop a forward looking assessment of credit risk
  • Powered by Moody’s Analytics credit risk platform, which is relied upon by over 650 of the world’s largest institutional investors

Yield
as of 04/14/21

  • 30-Day SEC Yield1

    2.43%

  • Distribution Yield1

    2.28%

  • 12-Month Yield1

    0.77%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.25%

  • Other Expenses

    --

  • Acquired Fund Fees and Expenses

    --

  • Gross Expense Ratio

    0.25%

  • Fee Waivers and
    Expense Reimbursement

    --

  • Net Expense Ratio/TER2

    0.25%
2Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    MBBB

  • Index Total Return Ticker

    MVBI

  • NAV

    MBBBNV

  • Shares Outstanding

    400,000

  • Estimated Cash

    MBBBEU

  • Total Cash

    MBBBTC

  • CUSIP

    92189H862

  • ISIN

    US92189H8549
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 04/13/21

  • Yield to Worst

    2.63%

  • Yield to Maturity

    2.74%

  • Effective Duration (yrs)

    7.14

  • Years to Maturity

    10.81

  • Modified Duration (yrs)

    7.34

  • Spread Duration (yrs)

    7.24

  • Coupon

    4.89%
 4 See Important Disclosure for definitions.

Investment Professionals

  • Portfolio Manager and Head of Fixed Income ETFs
  • Responsible for portfolio strategies as well as credit and market analysis; specializes in international bond markets
  • Joined VanEck in 2012
  • Prior to VanEck, Managing Director of Global Emerging Markets with The Seaport Group; launched the firm’s emerging markets fixed income sales and trading business
  • Previously, held portfolio management positions at Greylock Capital and Soundbrook Capital; focused on corporate high-yield and distressed bonds with an emphasis on emerging markets
  • CFA charterholder; member of CFA Society New York
  • MBA (with distinction), Finance, University of Pennsylvania
  • AB, History, Princeton University
  • Associate Portfolio Manager for Fixed Income ETFs
  • Joined VanEck in 2013
  • Prior to his current role, held a portfolio administration position for the firm’s alternative investment funds
  • MS, Finance, University of Rochester
  • BS, Information Sciences and Technology, Pennsylvania State University
  • Associate Portfolio Manager for Fixed Income ETFs
  • Joined VanEck in 2016
  • MS, Financial Engineering, Baruch College
  • BBA, Finance, Baruch College
  • Senior Trader, Portfolio Analyst for Fixed Income ETFs
  • Joined VanEck in 2017
  • Previously, Trader at Beck, Mack & Oliver LLC and monitored markets and executed equity and fixed income trades and Fixed Income Operations at Gleacher & Company Securities, Inc.
  • MBA, Finance, Montclair State University
  • BS, concentration in Accounting and Finance, minor in Computer Science, University of Vermont

Prices as of 04/14/21

NAV/
Market Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change
NAV/
Last Price 		Premium/
Discount 		Prem/Discount
Distribution Charts 		NAV &
Prem/Discount
History 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
MBBB $24.68
$24.72		 5,647
502		 $0.01 / +0.04%
$-0.02 / -0.06%		 -1.63%
-1.73%
 $0.03
0.14%		 0.12%

Premium/Discount History as of 04/14/21

Since Inception 2Q 2020 3Q 2020 4Q 2020 1Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 64 0 0 20 37
MBBB Days closed at NAV 9 0 0 2 7
Days closed at a discount 18 0 0 0 17


Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/01/20
MBBB (NAV) -1.30 -2.57 -2.57 -- -- -- -- -1.46
MBBB (Share Price) -0.74 -2.52 -2.52 -- -- -- -- -1.16
MVBI (Index) -1.02 -2.97 -2.97 -- -- -- -- -1.52
Performance Differential (NAV - Index) -0.28 0.40 0.40 -- -- -- -- 0.06
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
MBBB (NAV) -1.30 -2.57 -2.57 -- -- -- -- -1.46
MBBB (Share Price) -0.74 -2.52 -2.52 -- -- -- -- -1.16
MVBI (Index) -1.02 -2.97 -2.97 -- -- -- -- -1.52
Performance Differential (NAV - Index) -0.28 0.40 0.40 -- -- -- -- 0.06

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

The "After Tax Held" represents total return after taxes on distributions and assumes shares have not been sold. "After Tax Sold" represents total return after taxes on distributions and the sale of Fund shares. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. After-tax returns are based on NAV.

Top 10 Holdings (%) as of 03/31/21 Daily Holdings

Total Holdings: 114
Swipe
to view
full data
Holding Name
Coupon
Maturity
Country†
Currency
% of Net
Assets
GE CAPITAL INTERNATIONAL FUNDING CO UNL
4.418
11/15/35
United States
USD
2.37
ENEL FINANCE INTERNATIONAL NV
3.625
05/25/27
Italy
USD
2.24
STANDARD CHARTERED PLC
4.300
02/19/27
United Kingdom
USD
2.22
BARCLAYS PLC
2.645
06/24/31
United Kingdom
USD
2.02
T-MOBILE USA INC
3.750
04/15/27
United States
USD
1.76
T-MOBILE USA INC
3.500
04/15/25
United States
USD
1.68
DANSKE BANK A/S
1.171
12/08/23
Denmark
USD
1.55
ALTRIA GROUP INC
4.800
02/14/29
United States
USD
1.47
CHARTER COMMUNICATIONS OPERATING LLC /
5.050
03/30/29
United States
USD
1.47
CHARTER COMMUNICATIONS OPERATING LLC /
4.908
07/23/25
United States
USD
1.46
Top 10 Total (%) 18.24

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 03/31/21

  • Country

    % of Net Assets
  • ■

    United States

    68.73
  • ■

    United Kingdom

    5.97
  • ■

    Canada

    5.39
  • ■

    Italy

    3.63
  • ■

    France

    3.41
  • ■

    Netherlands

    1.97
  • ■

    Denmark

    1.55
  • ■

    Spain

    1.43
  • ■

    Switzerland

    1.42
  • ■

    Russia

    1.34
  • ■

    China

    1.11
  • ■

    Germany

    1.07
  • ■

    Mexico

    0.72
  • ■

    Saudi Arabia

    0.62
  • ■

    Japan

    0.58
  • ■

    India

    0.56
  • ■

    Other/Cash

    0.50

Currency Exposure (%)
as of 03/31/21

  • U.S. Dollar

    99.50

  • Other/Cash

    0.50

Sector Weightings (%) as of 03/31/21

  • Sector

    % of Net Assets
  • ■

    Financials

    30.9
  • ■

    Technology

    18.3
  • ■

    Energy

    14.1
  • ■

    Consumer Cyclicals

    9.4
  • ■

    Consumer Non-Cyclicals

    8.4
  • ■

    Healthcare

    6.5
  • ■

    Utilities

    4.6
  • ■

    Industrials

    4.1
  • ■

    Basic Materials

    2.7
  • ■

    Real Estate

    0.6
  • ■

    Other/Cash

    0.5

Credit Quality (%) as of 03/31/21

Composite % of Net Assets
Investment Grade BBB 100.00
Total Investment Grade -- 100.00
Source: Bloomberg.  Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 03/31/21

 Average Portfolio Maturity: 10.73 Years