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LFEQ
VanEck Long/Flat Trend ETF

Fund Description

VanEck 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%).

 
 

  • 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 01/20/22

  • 30-Day SEC Yield1

    0.75%
  • Total Net Assets

    $42.6M
  • Number of Holdings

    1
  • Options

    Expected
  • Gross Expense Ratio2

    0.79%
  • Net Expense Ratio/TER2

    0.58%
  • Distribution Frequency

    Annual
Why Invest?

Morningstar™ Ratings3
as of 12/31/2021

Category Overall 3 Year
Large Blend
3 stars of 1244 funds
3 stars of 1244 funds

Key Points

  • Tactically allocates between S&P 500 equities and U.S. T-bills
    Based on a breadth model that measures 24 industries, in addition to the top line S&P 500 return

  • Seeks to minimize impact of market downturns and participate in uptrends
    Incorporates short, intermediate and long-term trend indicators, augmented by volatility and mean reversion inputs

  • 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

    1,025,000
  • Estimated Cash

    LFEQEU
  • Total Cash

    LFEQTC
  • CUSIP

    92189F148
  • ISIN

    US92189F1488
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.26%
  • Acquired Fund Fees and Expenses

    0.03%
  • Gross Expense Ratio

    0.79%
  • Fee Waivers and
    Expense Reimbursement

    -0.21%
  • Net Expense Ratio/TER2

    0.58%
2Expenses for LFEQ are capped contractually at 0.55% until February 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 01/20/22

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 $41.54
$41.52
7,366
3,948
-$0.46 / -1.10%
$-0.50 / -1.18%
-5.94%
-5.98%
$-0.02
-0.04%
0.09%

Premium/Discount History as of 01/20/22

Calendar Year 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 79 27 17 10 21
LFEQ Days closed at NAV 23 7 14 8 11
Days closed at a discount 151 27 32 46 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) 4.49 10.91 30.71 30.71 22.96 -- -- 15.76
LFEQ (Share Price) 4.44 10.72 30.61 30.61 23.13 -- -- 15.76
NDRCMGLF (Index) 4.48 11.03 28.71 28.71 23.71 -- -- 16.45
Performance Differential (NAV - Index) 0.01 -0.12 2.00 2.00 -0.75 -- -- -0.69
S&P 500 Index 4.48 11.03 28.71 28.71 26.07 18.47 16.55 18.14
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) 4.49 10.91 30.71 30.71 22.96 -- -- 15.76
LFEQ (Share Price) 4.44 10.72 30.61 30.61 23.13 -- -- 15.76
NDRCMGLF (Index) 4.48 11.03 28.71 28.71 23.71 -- -- 16.45
Performance Differential (NAV - Index) 0.01 -0.12 2.00 2.00 -0.75 -- -- -0.69
S&P 500 Index 4.48 11.03 28.71 28.71 26.07 18.47 16.55 18.14

Daily Holdings (%) as of 01/20/22 Download All Holdings

Total Holdings: 1
Ticker
Holding Name % of Net
Assets
Identifier (FIGI)
Shares Asset Class Market Value
(US$)
VOO US
Vanguard S&P 500 ETF 100.02
BBG0015VYNT4
103,663
Stock 42,580,614
--
Other/Cash -0.02
--
--
Cash -7,013
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