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VanEck Moody's Analytics IG Corporate Bond ETF
ETF
MIG
Payout Change
Pending
Price as of:
$21.4
+0.06
+0.28%
primary theme
N/A
MIG (ETF)
VanEck Moody's Analytics IG Corporate Bond ETF
Payout Change
Pending
Price as of:
$21.4
+0.06
+0.28%
primary theme
N/A
MIG (ETF)
VanEck Moody's Analytics IG Corporate Bond ETF
Payout Change
Pending
Price as of:
$21.4
+0.06
+0.28%
primary theme
N/A
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.8%
1 yr return
9.3%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
N/A
Net Assets
$12.6 M
Holdings in Top 10
9.4%
52 WEEK LOW AND HIGH
$21.3
$20.57
$22.17
Expenses
OPERATING FEES
Expense Ratio 0.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MIG - Profile
Distributions
- YTD Total Return 3.8%
- 3 Yr Annualized Total Return -1.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 4.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameVanEck Moody's Analytics IG Corporate Bond ETF
-
Fund Family NameVANECKFUND
-
Inception DateDec 01, 2020
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFrancis Rodilosso
Fund Description
The Fund normally invests at least 80% of its total assets in securities that comprise the Fund's benchmark index. The US IG Index is comprised of U.S. dollar-denominated corporate bonds issued in the U.S. domestic market that have an investment grade rating based on the bond’s composite rating, which is an average of ratings from various rating agencies. Bonds that fall below investment grade are removed from the US IG Index at the end of the month in which they are downgraded in connection with the US IG Index's next scheduled rebalance.
The US IG Index is comprised of bonds issued by both U.S. and non-U.S. issuers that the US IG Index provider determines to have an attractive valuation based on proprietary credit risk metrics developed by Moody's Analytics, Inc. (“Moody's Analytics”).
Further, bonds that the US IG Index provider determines to have the highest probability of being downgraded to non-investment grade, based on proprietary credit risk metrics developed by Moody's Analytics, are excluded from the US IG Index.
As of June 30, 2024, the US IG Index included 513 notes of 114 issuers and approximately 25% of the US IG Index was comprised of Rule 144A securities. These amounts are subject to change.
The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the US IG Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the US IG Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to track the US IG Index. Because of the practical difficulties and expense of purchasing all of the securities in the US IG Index, the Fund does not purchase all of the securities in the US IG Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the US IG Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the US IG Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the US IG Index concentrates in an industry or group of industries. As of April 30, 2024, each of the financials, information technology and consumer staples sectors represented a significant portion of the Fund.
MIG - Performance
Return Ranking - Trailing
| Period | MIG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.8% | -37.4% | 3.2% | 77.04% |
| 1 Yr | 9.3% | -22.5% | 163.5% | 48.11% |
| 3 Yr | -1.2%* | -13.4% | 33.3% | N/A |
| 5 Yr | N/A* | -10.0% | 21.5% | N/A |
| 10 Yr | N/A* | -4.1% | 9.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MIG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.1% | -27.3% | 144.0% | 24.19% |
| 2022 | -17.0% | -15.7% | 31.5% | N/A |
| 2021 | -2.1% | -13.0% | 34.5% | N/A |
| 2020 | N/A | -52.0% | 4.7% | N/A |
| 2019 | N/A | -3.1% | 13.4% | 0.81% |
Total Return Ranking - Trailing
| Period | MIG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.8% | -37.4% | 2.2% | 85.80% |
| 1 Yr | 9.3% | -22.5% | 163.5% | 48.44% |
| 3 Yr | -1.2%* | -13.4% | 33.3% | N/A |
| 5 Yr | N/A* | -10.0% | 21.5% | N/A |
| 10 Yr | N/A* | -4.1% | 9.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MIG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.9% | -27.3% | 144.0% | 24.19% |
| 2022 | -14.5% | -15.7% | 31.5% | N/A |
| 2021 | 0.0% | -13.0% | 34.5% | N/A |
| 2020 | N/A | -14.8% | 4.7% | N/A |
| 2019 | N/A | -3.1% | 13.4% | 2.42% |
MIG - Holdings
Concentration Analysis
| MIG | Category Low | Category High | MIG % Rank | |
|---|---|---|---|---|
| Net Assets | 12.6 M | 6.52 M | 44.4 B | 90.63% |
| Number of Holdings | 260 | 2 | 9191 | 57.31% |
| Net Assets in Top 10 | 1.21 M | -29.6 M | 3.34 B | 81.19% |
| Weighting of Top 10 | 9.40% | 1.8% | 100.0% | 68.86% |
Top 10 Holdings
- Verizon Communications Inc 1.13%
- T-Mobile USA Inc 1.11%
- Saudi Arabian Oil Co 1.03%
- Berkshire Hathaway Finance Corp 1.02%
- ATT Inc 0.94%
- HCA Inc 0.93%
- Broadcom Inc 0.86%
- Intesa Sanpaolo SpA 0.82%
- BNP Paribas SA 0.78%
- UBS AG/Stamford CT 0.78%
Asset Allocation
| Weighting | Return Low | Return High | MIG % Rank | |
|---|---|---|---|---|
| Bonds | 98.49% | 15.65% | 141.47% | 99.40% |
| Cash | 1.51% | -49.09% | 54.19% | 33.73% |
| Stocks | 0.00% | 0.00% | 5.27% | 13.73% |
| Preferred Stocks | 0.00% | 0.00% | 9.18% | 25.67% |
| Other | 0.00% | -38.92% | 3.98% | 7.46% |
| Convertible Bonds | 0.00% | 0.00% | 78.47% | 0.60% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MIG % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 0.36% | 0.00% | 54.19% | 42.69% |
| Derivative | 0.00% | 0.00% | 27.02% | 19.40% |
| Securitized | 0.00% | 0.00% | 23.18% | 59.10% |
| Corporate | 0.00% | 41.80% | 100.00% | 43.88% |
| Municipal | 0.00% | 0.00% | 3.62% | 46.57% |
| Government | 0.00% | 0.00% | 25.63% | 39.40% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MIG % Rank | |
|---|---|---|---|---|
| US | 98.49% | 0.00% | 122.90% | 97.01% |
| Non US | 0.00% | 0.00% | 47.05% | 9.25% |
MIG - Expenses
Operational Fees
| MIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | 3.62% | 88.27% |
| Management Fee | 0.20% | 0.00% | 1.35% | 18.22% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.45% | N/A |
Sales Fees
| MIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| MIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MIG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 259.00% | 16.59% |
MIG - Distributions
Dividend Yield Analysis
| MIG | Category Low | Category High | MIG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.55% | 0.00% | 25.68% | 22.99% |
Dividend Distribution Analysis
| MIG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| MIG | Category Low | Category High | MIG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | 0.38% | 7.58% | 60.83% |
Capital Gain Distribution Analysis
| MIG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 01, 2024 | $0.081 | OrdinaryDividend |
| Oct 01, 2024 | $0.075 | OrdinaryDividend |
| Sep 03, 2024 | $0.085 | OrdinaryDividend |
| Aug 01, 2024 | $0.088 | OrdinaryDividend |
| Jul 01, 2024 | $0.084 | OrdinaryDividend |
| Jun 03, 2024 | $0.086 | OrdinaryDividend |
| May 01, 2024 | $0.081 | OrdinaryDividend |
| Apr 01, 2024 | $0.087 | OrdinaryDividend |
| Mar 01, 2024 | $0.077 | OrdinaryDividend |
| Feb 01, 2024 | $0.079 | OrdinaryDividend |
| Dec 27, 2023 | $0.087 | OrdinaryDividend |
| Dec 01, 2023 | $0.079 | OrdinaryDividend |
| Nov 01, 2023 | $0.080 | OrdinaryDividend |
| Oct 02, 2023 | $0.078 | OrdinaryDividend |
| Sep 01, 2023 | $0.080 | OrdinaryDividend |
| Aug 01, 2023 | $0.082 | OrdinaryDividend |
| Jul 03, 2023 | $0.080 | OrdinaryDividend |
| Jun 01, 2023 | $0.082 | OrdinaryDividend |
| May 01, 2023 | $0.071 | OrdinaryDividend |
| Apr 03, 2023 | $0.080 | OrdinaryDividend |
| Mar 01, 2023 | $0.065 | OrdinaryDividend |
| Feb 01, 2023 | $0.075 | OrdinaryDividend |
| Dec 28, 2022 | $0.068 | OrdinaryDividend |
| Dec 01, 2022 | $0.056 | OrdinaryDividend |
| Nov 01, 2022 | $0.059 | OrdinaryDividend |
| Oct 03, 2022 | $0.054 | OrdinaryDividend |
| Sep 01, 2022 | $0.055 | OrdinaryDividend |
| Aug 01, 2022 | $0.056 | OrdinaryDividend |
| Jul 01, 2022 | $0.052 | OrdinaryDividend |
| Jun 01, 2022 | $0.051 | OrdinaryDividend |
| May 02, 2022 | $0.048 | OrdinaryDividend |
| Apr 01, 2022 | $0.047 | OrdinaryDividend |
| Mar 01, 2022 | $0.040 | OrdinaryDividend |
| Feb 01, 2022 | $0.042 | OrdinaryDividend |
| Dec 29, 2021 | $0.041 | OrdinaryDividend |
| Dec 01, 2021 | $0.043 | OrdinaryDividend |
| Nov 01, 2021 | $0.047 | OrdinaryDividend |
| Oct 01, 2021 | $0.043 | OrdinaryDividend |
| Sep 01, 2021 | $0.046 | OrdinaryDividend |
| Aug 02, 2021 | $0.047 | OrdinaryDividend |
| Jul 01, 2021 | $0.043 | OrdinaryDividend |
| Jun 01, 2021 | $0.047 | OrdinaryDividend |
| May 03, 2021 | $0.044 | OrdinaryDividend |
| Apr 01, 2021 | $0.045 | OrdinaryDividend |
| Mar 01, 2021 | $0.039 | OrdinaryDividend |
| Feb 01, 2021 | $0.048 | OrdinaryDividend |
| Dec 29, 2020 | $0.045 | OrdinaryDividend |
MIG - Fund Manager Analysis
Managers
Francis Rodilosso
Start Date
Tenure
Tenure Rank
Dec 01, 2020
1.5
1.5%
Mr. Rodilosso joined VanEck in 2012. He serves as Head of Fixed Income ETF Portfolio Management and is responsible for portfolio strategy, credit, and market analysis. Prior to joining VanEck, Mr. Rodilosso served as Managing Director of Global Emerging Markets with The Seaport Group where he launched the firm’s emerging markets fixed income sales and trading business. Mr. Rodilosso’s earlier career experience includes portfolio management positions at Greylock Capital and Soundbrook Capital where he focused on corporate high-yield and distressed situations, with an emphasis on emerging markets. He also held senior fixed income trading positions at Credit Lyonnais and HSBC. Mr. Rodilosso is a CFA Charterholder and a member of the CFA Society New York. He received an MBA from the Wharton School of the University of Pennsylvania and a BA from Princeton University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 24.76 | 6.22 | 2.41 |
