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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
  • Index Ticker

    NDRCMGLF
  • Inception Date

    10/04/2017

  as of 12/08/22

  • 30-Day SEC Yield1

    1.80%
  • Total Net Assets

    $33.2M
  • Number of Holdings

    2
  • Options

    No
  • Gross Expense Ratio2

    0.85%
  • Net Expense Ratio/TER2

    0.58%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/27/2022

Fund Highlights

  • 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

    950,000
  • Estimated Cash

    LFEQEU
  • Total Cash

    LFEQTC
  • CUSIP

    92189F148
  • ISIN

    US92189F1488
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.32%
  • Acquired Fund Fees and Expenses

    0.03%
  • Gross Expense Ratio

    0.85%
  • Fee Waivers and
    Expense Reimbursement

    -0.27%
  • Net Expense Ratio/TER2

    0.58%

2Expenses for LFEQ are capped contractually at 0.55% until February 1, 2023. 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
  • 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 12/08/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
LFEQ $34.97
$34.91
2,250
208
$0.14 / +0.41%
$0.08 / +0.24%
-20.81%
-20.96%
$-0.07
-0.19%
0.09%

Premium/Discount History as of 12/08/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
LFEQ Days closed at a premium 75 21 19 12 24
Days closed at NAV 40 11 7 10 16
Days closed at a discount 137 32 36 40 24

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) 2.97 2.79 -19.67 -16.06 7.54 7.48 -- 8.10
LFEQ (Share Price) 2.83 2.47 -19.76 -16.20 7.50 7.46 -- 8.08
NDRCMGLF (Index) 3.01 3.06 -19.04 -15.41 8.32 8.17 -- 8.80
Performance Differential (NAV - Index) -0.04 -0.27 -0.63 -0.65 -0.78 -0.69 -- -0.70
S&P 500 Index 5.59 3.63 -13.10 -9.21 10.91 10.98 13.34 11.62
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) -2.74 -9.90 -23.99 -15.70 7.58 -- -- 7.19
LFEQ (Share Price) -2.97 -9.93 -24.01 -15.87 7.56 -- -- 7.19
NDRCMGLF (Index) -2.64 -9.68 -23.51 -15.08 8.33 -- -- 7.87
Performance Differential (NAV - Index) -0.10 -0.22 -0.48 -0.62 -0.75 -- -- -0.68
S&P 500 Index -9.21 -4.88 -23.87 -15.47 8.16 9.24 11.70 9.10

Daily Holdings (%) as of 12/08/22

Download All Holdings
Total Holdings: 2
Ticker
Holding Name % of Net
Assets
Identifier (FIGI)
Shares
Asset Class Market Value
(US$)
Notional Value
VOO US
Vanguard S&P 500 ETF 51.79
BBG0015VYNT4
47,244
Stock 17,205,320 --
912796X79
United States Treasury Bill 48.23
BBG0182B6CB9
16,029,000
Bond 16,022,166 --
--
Other/Cash -0.01
--
0
Cash -4,827 --
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