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LFEQ Resources

Fund Profile  

 

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LFEQ
VanEck Vectors NDR CMG Long/Flat Allocation ETF

Fund Description

VanEck Vectors® NDR CMG Long/Flat Allocation 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
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    NDRCMGLF
  • Commencement

    10/04/2017

 
as of 02/21/20

  • 30-Day SEC Yield1

    1.27%
  • Total Net Assets

    $76.3M
  • Number of Holdings

    1
  • Options

    Expected
  • Gross Expense Ratio2

    0.71%
  • Net Expense Ratio/TER2

    0.60%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/28/2020

Key Points

  • Tactically allocates between S&P 500 equities and U.S. T-bills
    Based on a breadth model that measures 24 industries, not just the top line S&P 500 return

  • Seeks to minimize impact of market downturns and participate in uptrends
    Measures short, intermediate and long-term trends and includes a mean reversion signal to participate in bounce backs

  • 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

    2,450,000
  • Estimated Cash

    LFEQEU
  • Total Cash

    LFEQTC
  • CUSIP

    92189F148
  • ISIN

    US92189F1488
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.18%
  • Acquired Fund Fees and Expenses

    0.03%
  • Gross Expense Ratio

    0.71%
  • Fee Waivers and
    Expense Reimbursement

    -0.11%
  • Net Expense Ratio/TER2

    0.60%
2Expenses for LFEQ are capped contractually at 0.55% until February 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 02/21/20

NAV/
Last 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
NAV
Chart
LFEQ $31.14
$31.13
13,983
17,874
-$0.33 / -1.04%
$-0.34 / -1.08%
+3.53%
+3.53%
$-0.01
-0.02%

Premium/Discount History as of 02/20/20

Calendar Year 2018 1Q 2019 2Q 2019 3Q 2019 4Q 2019 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 148 27 26 24 14
LFEQ Days closed at NAV 22 13 11 10 17
Days closed at a discount 81 21 26 30 33

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) -0.08 6.52 -0.08 18.40 -- -- -- 9.52
LFEQ (Share Price) 0.00 6.81 0.00 18.38 -- -- -- 9.55
NDRCMGLF (Index) -0.04 6.72 -0.04 18.97 12.03 -- -- 10.13
Performance Differential (NAV - Index) -0.04 -0.20 -0.04 -0.57 -- -- -- -0.61
S&P 500 Index -0.04 6.72 -0.04 21.68 14.54 12.37 13.97 13.06
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) 2.93 8.89 23.58 23.58 -- -- -- 9.94
LFEQ (Share Price) 2.89 8.83 24.06 24.06 -- -- -- 9.93
NDRCMGLF (Index) 3.02 9.07 24.23 24.23 12.64 -- -- 10.55
Performance Differential (NAV - Index) -0.09 -0.18 -0.65 -0.65 -- -- -- -0.61
S&P 500 Index 3.02 9.07 31.49 31.49 15.27 11.70 13.56 13.60

Daily Holdings (%) as of 02/20/20 Download All Holdings

Total Holdings: 1
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
Vanguard S&P 500 ETF
VOO US
249,067
77,136,050 100.06
Other/Cash
--
--
-43,566 -0.06
Total (%) 100.00
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