FLTR
VanEck IG Floating Rate ETF
FLTR
VanEck IG Floating Rate ETF
-
NAV
$25.13
as of June 06, 2023 -
YTD RETURNS
2.93%
as of June 06, 2023 -
Total Net Assets
$1.15B
as of June 06, 2023 -
Total Expense Ratio
0.14% -
Inception Date
04/25/2011 -
30-Day SEC Yield
5.90%
Van 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. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2023. “Other Expenses” have been restated to reflect current fees.
Fund Description
VanEck IG Floating Rate ETF (FLTR®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Investment Grade Floating Rate Index (MVFLTR), which consists of U.S. dollar denominated floating rate notes issued by corporate issuers and rated investment grade.
Overview
Fund Highlights
- Potential to Benefit from Rising Rates7
Floating rate notes have variable coupons that reset periodically - Investment Grade Credit Quality
Underlying index is comprised of a non-leveraged portfolio of investment grade floating rate corporate bonds - Near-Zero Duration with Enhanced Yield Potential
Floating rate notes may offer higher yields than other short duration instruments