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FLTR VanEck Vectors Investment Grade Floating Rate ETF

  • Fund Description

    VanEck Vectors Investment Grade Floating Rate ETF (FLTR®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS U.S. Investment Grade Floating Rate Index (MVFLTR), which consists of U.S. dollar denominated floating rate notes issued by corporate issuers and rated investment grade by at least one of the three rating services: Moody's, S&P or Fitch.

  •  
      

    • Fund Ticker

      FLTR
    • Exchange

      NYSE Arca
    • Commencement

      04/25/2011
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVFLTR
    • Index Rebalancing

      Monthly
    • NAIC
      Designation8

      1
  •  
    as of 08/25/16

    • 30-Day SEC Yield1

      1.11%
    • Total Net Assets

      $77.3M
    • Number of Holdings

      143
    • Options

      Expected
    • Gross Expense Ratio2

      0.48%
    • Net Expense Ratio/TER2

      0.14%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      08/31/2016
    1,2,8 See Important Disclosure
  • Country Weightings (%) as of 07/31/16

    • Country

      % of Net Assets
    • UNITED STATES

      60.36
    • AUSTRALIA

      8.81
    • CANADA

      5.28
    • JAPAN

      4.96
    • UNITED KINGDOM

      3.30
    • SWITZERLAND

      3.30
    • FRANCE

      3.08
    • NETHERLANDS

      2.84
    • GERMANY

      1.83
    • CHINA

      1.56
    • NORWAY

      1.38
    • SOUTH KOREA

      0.69
    • SINGAPORE

      0.65
    • SPAIN

      0.57
    • BELGIUM

      0.46
    • SWEDEN

      0.32
    • Other/Cash

      0.61
  • Portfolio Composition (%)
    as of 07/31/16

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      99.39
    • Other

      0.00
    • Cash

      0.61
  • Currency Exposure (%)
    as of 07/31/16

    • U.S. Dollar

      99.39
    • Other/Cash

      0.61
  • Credit Quality (%) as of 07/31/16

    Composite % of Net Assets
    Investment Grade AAA 1.68
    AA 26.82
    A 57.64
    BBB 13.72
    Total Investment Grade -- 99.86
    Not Rated -- 0.14
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • 3-YR Risk Measures*
    as of 07/31/16

    • Beta vs. S&P 500 Index

      0.02
    • Correlation vs. S&P 500 Index

      0.37
    • Volatility (Standard Deviation)

      0.50
    • Sharpe Ratio

      1.28

    Source: VanEck, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Sector Weightings (%) as of 07/31/16

    • Sector

      % of Net Assets
    • Financial

      69.7
    • Energy

      8.4
    • Technology

      6.5
    • Communications

      5.3
    • Consumer, Non-cyclical

      5.1
    • Consumer, Cyclical

      3.8
    • Basic Materials

      0.4
    • Utilities

      0.3
    • Other/Cash

      0.6