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LFEQ
VanEck Vectors Long/Flat Trend ETF

Fund Description

VanEck Vectors®Long/Flat Trend 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%).

Why LFEQ?

 
 

  • 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

 
as of 05/29/20

  • 30-Day SEC Yield1

    1.39%
  • Total Net Assets

    $37.0M
  • Number of Holdings

    1
  • Options

    Expected
  • Gross Expense Ratio2

    0.71%
  • Net Expense Ratio/TER2

    0.60%
  • Distribution Frequency

    Annual

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

    1,300,000
  • 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 05/29/20

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
LFEQ $28.49
$28.50
8,600
7,625
$0.13 / +0.44%
$0.18 / +0.64%
-5.29%
-5.22%
$0.02
0.06%
0.15%

Premium/Discount History as of 05/29/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 91 26 24 14 21
LFEQ Days closed at NAV 51 11 10 17 9
Days closed at a discount 110 26 30 33 32

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) 12.65 -9.43 -9.51 0.23 -- -- -- 4.48
LFEQ (Share Price) 12.90 -9.51 -9.51 0.16 -- -- -- 4.47
NDRCMGLF (Index) 12.82 -9.26 -9.29 0.86 6.65 -- -- 5.08
Performance Differential (NAV - Index) -0.17 -0.17 -0.22 -0.63 -- -- -- -0.60
S&P 500 Index 12.82 -9.26 -9.29 0.86 9.04 9.12 11.69 7.60
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) -12.47 -19.67 -19.67 -7.47 -- -- -- -0.26
LFEQ (Share Price) -12.40 -19.85 -19.85 -7.81 -- -- -- -0.36
NDRCMGLF (Index) -12.35 -19.60 -19.60 -6.98 2.80 -- -- 0.27
Performance Differential (NAV - Index) -0.12 -0.07 -0.07 -0.49 -- -- -- -0.53
S&P 500 Index -12.35 -19.60 -19.60 -6.98 5.10 6.73 10.53 2.76

Daily Holdings (%) as of 05/28/20 Download All Holdings

Total Holdings: 1
Ticker
Holding Name
Identifier (FIGI)
Shares Asset Class Market Value
(US$)
% of Net
Assets
VOO US
Vanguard S&P 500 ETF
BBG0015VYNT4
131,582
Stock 36,645,587 99.40
--
Other/Cash
--
--
Cash 222,842 0.60
Total (%) 100.00
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