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MBBB
VanEck 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 01/26/21

  • 30-Day SEC Yield1

    2.11%
  • Total Net Assets

    $10.1M
  • Number of Holdings

    112
  • 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 01/26/21

  • 30-Day SEC Yield1

    2.11%
  • Distribution Yield1

    2.24%
  • 12-Month Yield1

    0.19%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.25%
  • Other Expenses

    --
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    0.25%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.25%
2Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    MBBB
  • Index Total Return Ticker

    MVBI
  • NAV

    MBBBNV
  • Shares Outstanding

    400,000
  • Estimated Cash

    MBBBEU
  • Total Cash

    MBBBTC
  • CUSIP

    92189H854
  • ISIN

    US92189H8549
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 01/26/21

  • Yield to Worst

    2.30%
  • Yield to Maturity

    2.40%
  • Effective Duration (yrs)

    6.97
  • Years to Maturity

    10.35
  • Modified Duration (yrs)

    7.23
  • Spread Duration (yrs)

    7.13
  • Coupon

    5.00%
 4 See Important Disclosure for definitions.

Prices as of 01/26/21

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
MBBB $25.23
$25.24
250
10
-$0.01 / -0.05%
$0.01 / +0.03%
-0.05%
-0.24%
$0.01
0.05%
0.12%

Premium/Discount History as of 01/26/21

Calendar Year 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 0 0 0 0 20
MBBB Days closed at NAV 0 0 0 0 2
Days closed at a discount 0 0 0 0 0

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) -- -- -- -- -- -- -- 1.14
MBBB (Share Price) -- -- -- -- -- -- -- 1.40
MVBI (Index) 1.28 -- -- -- -- -- -- 1.49
Performance Differential (NAV - Index) -- -- -- -- -- -- -- -0.35
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
MBBB (NAV) -- -- -- -- -- -- -- 1.14
MBBB (Share Price) -- -- -- -- -- -- -- 1.40
MVBI (Index) 1.28 -- -- -- -- -- -- --
Performance Differential (NAV - Index) -- -- -- -- -- -- -- --

Top 10 Holdings (%) as of 12/31/20 Daily Holdings

Total Holdings: 115
Swipe
to view
full data
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
GE CAPITAL INTERNATIONAL FUNDING CO UNL
4.418
11/15/35
BBB+
United States
USD
2.37
T-MOBILE USA INC
3.875
04/15/30
BBB-
United States
USD
2.31
ENEL FINANCE INTERNATIONAL NV
3.625
05/25/27
BBB+
Italy
USD
2.25
STANDARD CHARTERED PLC
4.300
02/19/27
BBB
United Kingdom
USD
2.23
BARCLAYS PLC
2.645
06/24/31
BBB+
United Kingdom
USD
2.06
T-MOBILE USA INC
3.500
04/15/25
BBB-
United States
USD
1.65
CHARTER COMMUNICATIONS OPERATING LLC /
5.050
03/30/29
BBB-
United States
USD
1.52
ALTRIA GROUP INC
4.800
02/14/29
BBB+
United States
USD
1.51
TIME WARNER CABLE LLC
7.300
07/01/38
BBB-
United States
USD
1.50
DANSKE BANK A/S
1.171
12/08/23
BBB+
Denmark
USD
1.49
Top 10 Total (%) 18.89

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. Source: Bloomberg.  Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Country Weightings (%) as of 12/31/20

  • Country

    % of Net Assets
  • United States

    72.41
  • United Kingdom

    6.60
  • Canada

    5.44
  • Italy

    3.68
  • France

    2.21
  • Germany

    1.57
  • Denmark

    1.49
  • Switzerland

    1.47
  • Spain

    1.43
  • Russia

    1.34
  • Mexico

    0.75
  • Saudi Arabia

    0.63
  • Japan

    0.55
  • Netherlands

    0.52
  • Other/Cash

    -0.09

Currency Exposure (%)
as of 12/31/20

  • U.S. Dollar

    100.09
  • Other/Cash

    -0.09

Sector Weightings (%) as of 12/31/20

  • Sector

    % of Net Assets
  • Financials

    28.9
  • Energy

    17.6
  • Technology

    15.4
  • Consumer Cyclicals

    9.2
  • Consumer Non-Cyclicals

    8.5
  • Healthcare

    7.0
  • Industrials

    6.1
  • Utilities

    4.6
  • Basic Materials

    2.1
  • Real Estate

    0.6
  • Other/Cash

    -0.1

Credit Quality (%) as of 12/31/20

Composite % of Net Assets
Investment Grade BBB 100.00
Total Investment Grade -- 100.00
Source: Bloomberg.  Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 12/31/20

 Average Portfolio Maturity: 10.39 Years