MBBBVanEck 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 04/16/21
-
30-Day SEC Yield1
2.41% -
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
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 04/16/21
-
30-Day SEC Yield1
2.41% -
Distribution Yield1
2.28% -
12-Month Yield1
0.76%
Fees & Expenses2
-
Management Fee
0.25% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.25% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
0.25%
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
Fundamentals4
as of 04/16/21
-
Yield to Worst
2.58% -
Yield to Maturity
2.69% -
Effective Duration (yrs)
7.17 -
Years to Maturity
10.82 -
Modified Duration (yrs)
7.37 -
Spread Duration (yrs)
7.27 -
Coupon
4.89%
Investment Professionals
Francis G. Rodilosso, CFA
- 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
Daniel Cho
- 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
Stephanie Wang
- Associate Portfolio Manager for Fixed Income ETFs
- Joined VanEck in 2016
- MS, Financial Engineering, Baruch College
- BBA, Finance, Baruch College
Jared Model
- 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 04/16/21
Performance History: Average Annual Total Returns* (%)
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 |
Top 10 Holdings (%) as of 03/31/21 Daily Holdings
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.
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 |
Maturity (%) as of 03/31/21
Average Portfolio Maturity: 10.73 Years