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MIG
VanEck 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 01/26/21

  • 30-Day SEC Yield1

    2.00%
  • Total Net Assets

    $15.1M
  • Number of Holdings

    140
  • 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 01/26/21

  • 30-Day SEC Yield1

    2.00%
  • Distribution Yield1

    2.12%
  • 12-Month Yield1

    0.18%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.20%
  • Other Expenses

    --
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    0.20%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.20%
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

    MIG
  • Index Total Return Ticker

    MVCI
  • NAV

    MIGNV
  • Shares Outstanding

    600,000
  • Estimated Cash

    MIGEU
  • Total Cash

    MIGTC
  • CUSIP

    92189H862
  • ISIN

    US92189H8622
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 01/26/21

  • Yield to Worst

    2.15%
  • Yield to Maturity

    2.26%
  • Effective Duration (yrs)

    7.16
  • Years to Maturity

    10.67
  • Modified Duration (yrs)

    7.43
  • Spread Duration (yrs)

    7.32
  • Coupon

    4.64%
 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
MIG $25.14
$25.15
279
280
$0.00 / +0.02%
$0.01 / +0.03%
-0.17%
-0.37%
$0.00
0.02%
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 18
MIG Days closed at NAV 0 0 0 0 2
Days closed at a discount 0 0 0 0 2

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) -- -- -- -- -- -- -- 0.92
MIG (Share Price) -- -- -- -- -- -- -- 1.12
MVCI (Index) 0.97 -- -- -- -- -- -- 1.25
Performance Differential (NAV - Index) -- -- -- -- -- -- -- -0.33
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
MIG (NAV) -- -- -- -- -- -- -- 0.92
MIG (Share Price) -- -- -- -- -- -- -- 1.12
MVCI (Index) 0.97 -- -- -- -- -- -- --
Performance Differential (NAV - Index) -- -- -- -- -- -- -- --

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

Total Holdings: 139
Swipe
to view
full data
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
STANDARD CHARTERED PLC
5.200
01/26/24
BBB
United Kingdom
USD
1.87
LLOYDS BANKING GROUP PLC
4.550
08/16/28
A-
United Kingdom
USD
1.62
BARCLAYS PLC
5.200
05/12/26
BBB-
United Kingdom
USD
1.55
T-MOBILE USA INC
3.875
04/15/30
BBB-
United States
USD
1.54
SAUDI ARABIAN OIL CO
3.500
04/16/29
A
Saudi Arabia
USD
1.48
BANK OF AMERICA CORP
4.083
03/20/51
A
United States
USD
1.47
SOCIETE GENERALE SA
4.250
04/14/25
BBB-
France
USD
1.47
ENEL FINANCE INTERNATIONAL NV
4.250
09/14/23
BBB+
Italy
USD
1.46
WELLS FARGO & CO
5.606
01/15/44
BBB+
United States
USD
1.43
WELLS FARGO & CO
5.013
04/04/51
A
United States
USD
1.42
Top 10 Total (%) 15.31

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

    61.77
  • United Kingdom

    8.55
  • Canada

    8.49
  • Italy

    4.77
  • France

    2.75
  • Saudi Arabia

    2.68
  • Germany

    2.68
  • Switzerland

    1.52
  • China

    1.44
  • Denmark

    1.33
  • Spain

    1.15
  • Russia

    1.07
  • Mexico

    0.75
  • Japan

    0.55
  • Australia

    0.38
  • Other/Cash

    0.10

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

  • U.S. Dollar

    99.90
  • Other/Cash

    0.10

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

  • Sector

    % of Net Assets
  • Financials

    39.0
  • Technology

    15.6
  • Energy

    15.4
  • Consumer Non-Cyclicals

    12.2
  • Consumer Cyclicals

    6.0
  • Healthcare

    5.7
  • Industrials

    2.2
  • Basic Materials

    1.8
  • Utilities

    1.4
  • Real Estate

    0.6
  • Other/Cash

    0.1

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

Composite % of Net Assets
Investment Grade AAA 2.15
AA 6.15
A 18.22
BBB 72.72
Non-Investment Grade BB 0.75
Total Investment Grade -- 99.25
Total Non-Investment Grade -- 0.75
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: 10.82 Years