Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

Investment Grade Floating Rate ETF FLTR

  • Full Name: Market Vectors®
    Investment Grade Floating Rate ETF (FLTR®)

    Management Style: Sampling

    Underlying Index: The Market Vectors® US Investment Grade Floating Rate Index (MVFLTR)

    Index Description: MVFLTR consists of U.S. dollar-denominated floating rate notes issued by corporate issuers and rated investment grade by at least one of the three rating services: Moody’s, S&P or Fitch. 

  •  
     

    • Fund Ticker

      FLTR
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      MVFLTR
    • Index Provider

      Market Vectors Index Solutions
    • Total Net Assets

      $97.6M
    • Shares Outstanding

      3,900,000
    • Number of Holdings

      159
    • Commencement Date

      04/25/2011
  •  
    as of 04/23/14

    • 30-Day SEC Yield1

      0.43%
    • Distribution Frequency

      Monthly
    • Gross Expense Ratio2

      1.48%
    • Net Expense Ratio2

      0.19%
    • Options

      Expected
    • Preliminary NAIC Designation8

      1
    • Management Team »
    • FLTR Fact Sheet »
    1,2,8 See Important Disclosure
  • Key Points

    • Potential to Benefit from Rising Rates7
      Floating rate notes have variable coupons that reset periodically

    • Investment Grade Credit Quality
      Underlying index is comprised of a non-leveraged portfolio of investment grade floating rate corporate bonds

    • Short Duration and Income Potential
      Floating rate notes may offer higher yields than other short duration instruments
  • Yields
    as of 04/23/14

    • 30-Day SEC Yield1

      0.43%
    • Distribution Yield1

      0.62%
    • 12-Month Yield1

      0.59%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      1.13%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      1.48%
    • Fee Waivers and
      Expense Reimbursement

      (1.29)%
    • Net Expense Ratio

      0.19%
    2Expenses for FLTR are capped contractually at 0.19% until 09/01/14. Cap excludes certain expenses, such as interest. See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      FLTR
    • Index Total Return Ticker

      MVFLTR
    • NAV

      FLTRNV
    • Intraday NAV (IIV)5

      FLTRIV
    • Shares Outstanding

      3,900,000
    • Estimated Cash

      FLTREU
    • Total Cash

      FLTRTC
    • CUSIP

      57060U514
    • ISIN

      US57060U5149
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 04/22/14

    • Yield to Worst

      0.79%
    • Yield to Maturity

      0.79%
    • Effective Duration (yrs)

      0.11
    • Modified Duration (yrs)

      0.12
    • Spread Duration (yrs)

      2.54
    • Years to Maturity

      2.64
    • Coupon

      0.86%
     4 See Important Disclosure for definitions.
  • Prices as of 04/23/14

    TickerNAV/
    Last 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
    NAV
    Chart
    FLTR $25.02
    $25.04
    24,987
    6,673
    $0.00 / +0.0%
    $0.06 / +0.2%
    + 0.2%
    + 0.4%

    $0.02
    0.09%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/25/11
    FLTR (NAV) 0.09 0.31 0.31 0.89 -- -- -- 1.06
    FLTR (Share Price) 0.13 0.39 0.39 0.57 -- -- -- 1.05
    MVFLTR (Index) 0.11 0.38 0.38 1.46 1.58 -- -- 1.58
    Performance Differential (NAV - Index) -0.02 -0.07 -0.07 -0.57 -- -- -- -0.52
    After Tax Held -- -- -- 0.63 -- -- -- 0.75
    After Tax Sold -- -- -- 0.50 -- -- -- 0.69
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/25/11
    FLTR (NAV) 0.09 0.31 0.31 0.89 -- -- -- 1.06
    FLTR (Share Price) 0.13 0.39 0.39 0.57 -- -- -- 1.05
    MVFLTR (Index) 0.11 0.38 0.38 1.46 1.58 -- -- 1.58
    Performance Differential (NAV - Index) -0.02 -0.07 -0.07 -0.57 -- -- -- -0.52
    After Tax Held -- -- -- 0.63 -- -- -- 0.75
    After Tax Sold -- -- -- 0.50 -- -- -- 0.69
  • View All Holdings » Top 10 Holdings (%) as of 03/31/14

    Total Holdings: 157
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Jpmorgan Chase & Co
    1.139
    01/25/2018
    A
    U.S.
    USD
    3.02
    Wachovia Corp
    0.503
    06/15/2017
    A+
    U.S.
    USD
    2.65
    Goldman Sachs Group Inc/The
    0.684
    03/22/2016
    A-
    U.S.
    USD
    2.58
    Citigroup Inc
    1.936
    05/15/2018
    BBB+
    U.S.
    USD
    2.31
    Wachovia Corp
    0.609
    10/15/2016
    A
    U.S.
    USD
    2.09
    Jpmorgan Chase & Co
    0.854
    02/26/2016
    A
    U.S.
    USD
    2.01
    Bear Stearns Cos Llc/The
    0.624
    11/21/2016
    A
    U.S.
    USD
    1.84
    Toronto-Dominion Bank/The
    0.786
    04/30/2018
    AA
    Canada
    USD
    1.76
    Commonwealth Bank Of Australia
    0.735
    09/20/2016
    AA-
    Australia
    USD
    1.75
    Verizon Communications Inc
    1.763
    09/15/2016
    BBB+
    U.S.
    USD
    1.74
    Top 10 Total (%) 21.75

    †See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • U.S.

      59.0
    • CANADA

      11.7
    • AUSTRALIA

      7.5
    • NETHERLANDS

      5.6
    • JAPAN

      3.9
    • FRANCE

      2.9
    • UNITED KINGDOM

      2.7
    • SWEDEN

      1.9
    • BRAZIL

      1.5
    • NORWAY

      1.2
    • GERMANY

      0.8
    • MEXICO

      0.4
    • DENMARK

      0.3
    • SPAIN

      0.1
    • Other

      0.7
    • Total

      100.2
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      99.31
    • Other

      0.69
    • Total

      100.00
  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Financial

      79.9
    • Communications

      6.1
    • Energy

      4.9
    • Technology

      3.9
    • Consumer, Non-cyclical

      2.3
    • Consumer, Cyclical

      1.2
    • Basic Materials

      0.7
    • Utilities

      0.3
    • Industrial

      0.2
    • Other

      0.7
    • Total

      100.2
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade AAA 0.72
    AA 34.64
    A 45.74
    BBB 18.21
    Total Investment Grade 99.31
    Not rated 0.69
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 03/31/14

    Average Portfolio Maturity: 2.62 Years