MIGVanEck Vectors Moody’s Analytics IG Corporate Bond ETF
Fund Description
VanEck Vectors® Moody’s Analytics® IG 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 Investment Grade Corporate Bond Index, which includes investment grade corporate bonds that have attractive valuations and a lower probability of being downgraded to high yield compared to other investment grade bonds.
-
Fund Ticker
MIG -
Exchange
Cboe -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVCI -
Index Rebalancing
Monthly
as of 04/16/21
-
30-Day SEC Yield1
2.27% -
Total Net Assets
$14.8M -
Number of Holdings
141 -
Options
Expected -
Gross Expense Ratio2
0.20% -
Net Expense Ratio/TER2
0.20% -
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
2.27% -
Distribution Yield1
2.18% -
12-Month Yield1
0.72%
Fees & Expenses2
-
Management Fee
0.20% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.20% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
0.20%
Trading Information
-
Fund Ticker
MIG -
Index Total Return Ticker
MVCI -
NAV
MIGNV -
Shares Outstanding
600,000 -
Estimated Cash
MIGEU -
Total Cash
MIGTC -
CUSIP
92189H854 -
ISIN
US92189H8622
Fundamentals4
as of 04/16/21
-
Yield to Worst
2.40% -
Yield to Maturity
2.51% -
Effective Duration (yrs)
7.18 -
Years to Maturity
10.81 -
Modified Duration (yrs)
7.39 -
Spread Duration (yrs)
7.28 -
Coupon
4.58%
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 |
|
---|---|---|---|---|---|---|---|---|
MIG (NAV) | -1.50 | -2.90 | -2.90 | -- | -- | -- | -- | -2.01 |
MIG (Share Price) | -0.85 | -2.77 | -2.77 | -- | -- | -- | -- | -1.68 |
MVCI (Index) | -1.15 | -3.42 | -3.42 | -- | -- | -- | -- | -2.21 |
Performance Differential (NAV - Index) | -0.35 | 0.52 | 0.52 | -- | -- | -- | -- | 0.20 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE | |
---|---|---|---|---|---|---|---|---|
MIG (NAV) | -1.50 | -2.90 | -2.90 | -- | -- | -- | -- | -2.01 |
MIG (Share Price) | -0.85 | -2.77 | -2.77 | -- | -- | -- | -- | -1.68 |
MVCI (Index) | -1.15 | -3.42 | -3.42 | -- | -- | -- | -- | -2.21 |
Performance Differential (NAV - Index) | -0.35 | 0.52 | 0.52 | -- | -- | -- | -- | 0.20 |
Top 10 Holdings (%) as of 03/31/21 Daily Holdings
to view
full data
Holding Name |
Coupon
|
Maturity |
Country†
|
Currency
|
% of Net Assets |
|
---|---|---|---|---|---|---|
CREDIT SUISSE GROUP AG |
4.194
|
04/01/31
|
Switzerland
|
USD
|
1.90 | |
STANDARD CHARTERED PLC |
5.200
|
01/26/24
|
United Kingdom
|
USD
|
1.89 | |
BARCLAYS PLC |
5.200
|
05/12/26
|
United Kingdom
|
USD
|
1.58 | |
LLOYDS BANKING GROUP PLC |
4.550
|
08/16/28
|
United Kingdom
|
USD
|
1.57 | |
T-MOBILE USA INC |
3.875
|
04/15/30
|
United States
|
USD
|
1.51 | |
SOCIETE GENERALE SA |
4.250
|
04/14/25
|
France
|
USD
|
1.51 | |
ENEL FINANCE INTERNATIONAL NV |
4.250
|
09/14/23
|
Italy
|
USD
|
1.48 | |
SAUDI ARABIAN OIL CO |
3.500
|
04/16/29
|
Saudi Arabia
|
USD
|
1.48 | |
DANSKE BANK A/S |
1.171
|
12/08/23
|
Denmark
|
USD
|
1.38 | |
BARCLAYS PLC |
2.645
|
06/24/31
|
United Kingdom
|
USD
|
1.36 | |
Top 10 Total (%) | 15.66 |
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
59.45 -
■
United Kingdom
8.84 -
■
Canada
7.92 -
■
Italy
3.98 -
■
France
3.53 -
■
Saudi Arabia
3.38 -
■
Germany
2.36 -
■
Switzerland
1.90 -
■
China
1.49 -
■
Mexico
1.47 -
■
Denmark
1.38 -
■
Spain
1.15 -
■
Russia
1.08 -
■
South Africa
0.78 -
■
Japan
0.58 -
■
Australia
0.37 -
■
Other/Cash
0.35
Currency Exposure (%)
as of 03/31/21
-
U.S. Dollar
99.65 -
Other/Cash
0.35
Sector Weightings (%) as of 03/31/21
-
Sector
% of Net Assets -
■
Financials
38.4 -
■
Technology
16.3 -
■
Energy
16.2 -
■
Consumer Non-Cyclicals
12.7 -
■
Healthcare
5.7 -
■
Consumer Cyclicals
4.9 -
■
Basic Materials
1.8 -
■
Industrials
1.7 -
■
Utilities
1.4 -
■
Real Estate
0.6 -
■
Other/Cash
0.4
Credit Quality (%) as of 03/31/21
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AAA | 2.84 |
AA | 6.60 | |
A | 18.66 | |
BBB | 71.90 | |
Total Investment Grade | -- | 100.00 |
Maturity (%) as of 03/31/21
Average Portfolio Maturity: 10.68 Years