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VanEck IG Floating Rate ETF

ETF
FLTR
Payout Change
Pending
Price as of:
$25.43 -0.01 -0.04%
primary theme
U.S. Ultrashort Bond Duration
FLTR (ETF)

VanEck IG Floating Rate ETF

Payout Change
Pending
Price as of:
$25.43 -0.01 -0.04%
primary theme
U.S. Ultrashort Bond Duration
FLTR (ETF)

VanEck IG Floating Rate ETF

Payout Change
Pending
Price as of:
$25.43 -0.01 -0.04%
primary theme
U.S. Ultrashort Bond Duration

Name

As of 11/06/2024

Price

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

VanEck IG Floating Rate ETF

FLTR | ETF

$25.43

$1.4 B

5.48%

$1.39

0.14%

Vitals

YTD Return

6.3%

1 yr return

7.6%

3 Yr Avg Return

4.7%

5 Yr Avg Return

3.4%

Net Assets

$1.4 B

Holdings in Top 10

14.6%

52 WEEK LOW AND HIGH

$25.4
$25.11
$25.52

Expenses

OPERATING FEES

Expense Ratio 0.14%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 72.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/06/2024

Price

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

VanEck IG Floating Rate ETF

FLTR | ETF

$25.43

$1.4 B

5.48%

$1.39

0.14%

FLTR - Profile

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.93%
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck IG Floating Rate ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Apr 25, 2011
  • Shares Outstanding
    44600000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Francis Rodilosso

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Floating Rate Index is comprised of U.S. dollar-denominated floating rate notes issued by corporate entities or similar commercial entities that are public reporting companies in the United States and rated investment grade. The Fund may invest a significant portion of its assets in Rule 144A securities. As of June 30, 2024, the Floating Rate Index included 281 notes of 86 issuers and approximately 35% of the Floating Rate Index was comprised of Rule 144A securities. 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 Floating Rate Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Floating Rate Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Floating Rate Index. Because of the practical difficulties and expense of purchasing all of the securities
in the Floating Rate Index, the Fund does not purchase all of the securities in the Floating Rate 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 Floating Rate Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Floating Rate Index.
The Fund is classified as a non-diversified fund and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Floating Rate Index concentrates in an industry or group of industries. As of April 30, 2024, the financials sector represented a significant portion of the Fund.
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FLTR - Performance

Return Ranking - Trailing

Period FLTR Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -0.9% 7.5% 3.29%
1 Yr 7.6% 2.6% 9.4% 5.16%
3 Yr 4.7%* -1.4% 6.8% 2.44%
5 Yr 3.4%* -1.0% 4.5% 3.68%
10 Yr -4.2%* -4.2% 27.9% 100.00%

* Annualized

Return Ranking - Calendar

Period FLTR Return Category Return Low Category Return High Rank in Category (%)
2023 1.1% -2.3% 4.3% 54.93%
2022 -1.5% -6.5% 0.5% 37.38%
2021 -0.1% -2.1% 0.3% 12.00%
2020 -0.1% -3.1% 1.8% 73.96%
2019 2.5% -1.2% 6.1% 1.65%

Total Return Ranking - Trailing

Period FLTR Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -0.9% 7.5% 3.29%
1 Yr 7.6% 2.6% 9.4% 5.16%
3 Yr 4.7%* -1.4% 6.8% 2.44%
5 Yr 3.4%* -1.0% 4.5% 3.68%
10 Yr -4.2%* -4.2% 27.9% 100.00%

* Annualized

Total Return Ranking - Calendar

Period FLTR Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% 0.8% 12.1% 7.98%
2022 0.7% -5.1% 2.5% 21.84%
2021 0.6% -2.1% 14.5% 16.50%
2020 1.4% -1.0% 3.6% 61.98%
2019 5.7% 0.3% 9.6% 2.20%

FLTR - Holdings

Concentration Analysis

FLTR Category Low Category High FLTR % Rank
Net Assets 1.4 B 26.3 K 22.6 B 40.38%
Number of Holdings 281 2 1258 46.01%
Net Assets in Top 10 251 M 27.7 K 22.7 B 42.25%
Weighting of Top 10 14.64% 6.3% 159.6% 70.42%

Top 10 Holdings

  1. JPMorgan Chase Co 1.90%
  2. Goldman Sachs Bank USA/New York NY 1.83%
  3. Goldman Sachs Group Inc/The 1.71%
  4. Wells Fargo Co 1.52%
  5. Citigroup Inc 1.38%
  6. JPMorgan Chase Bank NA 1.33%
  7. Goldman Sachs Bank USA/New York NY 1.27%
  8. ING Groep NV 1.26%
  9. National Australia Bank Ltd 1.22%
  10. Australia New Zealand Banking Group Ltd 1.21%

Asset Allocation

Weighting Return Low Return High FLTR % Rank
Bonds 		98.89% 0.00% 129.63% 9.86%
Convertible Bonds 		15.25% 0.00% 15.25% 0.47%
Cash 		1.11% 0.00% 112.72% 82.16%
Stocks 		0.00% 0.00% 97.16% 98.12%
Preferred Stocks 		0.00% 0.00% 0.00% 98.12%
Other 		0.00% -13.48% 99.96% 92.02%

Bond Sector Breakdown

Weighting Return Low Return High FLTR % Rank
Corporate 		99.91% 0.00% 99.91% 0.47%
Derivative 		0.00% -13.48% 16.56% 77.46%
Cash & Equivalents 		0.00% 0.00% 112.72% 99.53%
Securitized 		0.00% 0.00% 100.00% 99.06%
Municipal 		0.00% 0.00% 70.39% 98.58%
Government 		0.00% 0.00% 100.00% 99.06%

Bond Geographic Breakdown

Weighting Return Low Return High FLTR % Rank
US 		98.89% 0.00% 129.63% 8.92%
Non US 		0.00% 0.00% 20.18% 98.59%

FLTR - Expenses

Operational Fees

FLTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.14% 0.08% 29.63% 97.62%
Management Fee 0.14% 0.00% 1.19% 7.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FLTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

FLTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

FLTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 0.00% 336.00% 57.54%

FLTR - Distributions

Dividend Yield Analysis

FLTR Category Low Category High FLTR % Rank
Dividend Yield 5.48% 0.00% 8.76% 3.76%

Dividend Distribution Analysis

FLTR Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FLTR Category Low Category High FLTR % Rank
Net Income Ratio 0.93% -1.30% 14.86% 15.61%

Capital Gain Distribution Analysis

FLTR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

View More +

FLTR - Fund Manager Analysis

Managers

Francis Rodilosso

Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

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
0.08 32.44 6.52 7.92

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