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FLTR
VanEck Investment Grade Floating Rate ETF

Fund Description

VanEck Investment Grade 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.

 
 

  • Fund Ticker

    FLTR
  • Exchange

    NYSE Arca
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVFLTR
  • Index Rebalancing

    Monthly
  • 2021 Preliminary NAIC
    Designation8

    1.G

 
as of 09/24/21

  • 30-Day SEC Yield1

    0.23%
  • Total Net Assets

    $705.1M
  • Number of Holdings

    226
  • Options

    Expected
  • Gross Expense Ratio2

    0.14%
  • Net Expense Ratio/TER2

    0.14%
  • Distribution Frequency

    Monthly
1,2,8 See Important Disclosure
Why Invest?

Index Key Points

The MVIS US Investment Grade Floating Rate Index (MVFLTR) comprises:

U.S. dollar denominated floating rate notes issued by corporate entities or similar commercial entities that are public reporting companies in the U.S. and rated investment grade.

Issues eligible for inclusion in Index:  

  • Rated investment grade, as determined by MV Index Solutions.
  • Outstanding issue size of at least $500 million. 
  • Minimum of 6 months remaining to maturity.
  • U.S. dollar denominated.

Index Weighting:

  • Modified market-cap weighted.
  • Constituents capped at 2%.
  • Rebalanced monthly.

Index Provider: MV Index Solutions

Index Profile

  • Ticker

    MVFLTR
  • Inception Date

    02/10/2011
  • Rebalance Frequency

    Monthly

Index Fundamentals4
as of 09/24/21

  • Yield to Worst

    0.58%
  • Yield to Maturity

    0.83%
  • Effective Duration (yrs)

    0.05
  • Modified Duration (yrs)

    0.08
  • Spread Duration (yrs)

    2.09
  • Years to Maturity

    2.83
  • Coupon

    0.89%
 4 See Important Disclosure for definitions.

Top 10 Constituents (%) as of 08/31/21

Total Constituents: 230
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full data
Constituent Name
Coupon
Maturity Weighting (%)
Morgan Stanley
2.553
10/24/2023
2.00
Wells Fargo & Company
2.402
10/31/2023
1.89
Jpmorgan Chase & Co
2.383
10/24/2023
1.89
Hsbc Holdings Plc
0.000
05/18/2024
1.88
Goldman Sachs Group Inc
2.800
11/29/2023
1.72
Verizon Communications
0.000
05/15/2025
1.71
Morgan Stanley
2.373
05/08/2024
1.66
At&T Inc
0.000
06/12/2024
1.55
Goldman Sachs Group Inc
0.000
05/15/2026
1.43
Barclays Plc
0.000
05/16/2024
1.42
Top 10 Total (%) 17.15
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • United States

    62.45
  • Canada

    9.38
  • United Kingdom

    6.32
  • Japan

    5.39
  • Switzerland

    4.68
  • Germany

    3.68
  • Australia

    3.41
  • Netherlands

    1.55
  • China

    0.87
  • France

    0.70
  • South Korea

    0.49
  • Spain

    0.45
  • Sweden

    0.21
  • New Zealand

    0.17
  • Norway

    0.13
  • Singapore

    0.11

Index Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Financial

    75.8
  • Communications

    7.3
  • Utilities

    5.1
  • Consumer, Cyclical

    4.7
  • Industrial

    2.3
  • Consumer, Non-cyclical

    2.2
  • Energy

    1.7
  • Technology

    0.7
  • Basic Materials

    0.2

Index Credit Quality (%) as of 08/31/21

Composite % of Net Assets
Investment Grade AAA 0.17
AA 6.72
A 52.27
BBB 40.84
Total Investment Grade -- 100.00
Not Rated -- --
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 08/31/21

 Average Maturity: 2.53 Years