• Ticker:- FLTR;true;MVFLTR;
  • Ticker Group:- ETFFI_CB;false;;
  • Making News

    Index Universe: Rodilosso: Credit Risk Better than T-Bills


    10/31/13: Drew Voros questions Fran Rodilosso on his fixed income outlook. Rodilosso explains why he presently prefers credit risk over interest rate risk, and says, “You're starting to see some decent numbers put up by a certain number of companies…Corporate balance sheets are still healthy.”

    View article » 



    ETF Trends: High-Yield ETFs with Some Built-In Rate Hedges


    06/19/13: ETF Trends promotes THHY as a hedge against rising interest rates, indicating that THHY provides “fixed income investors with exposure to high-yield debt, while attempting to limit duration risk.”

    View article » 



    ETF Trends: Floating Rate ETFs in Focus on Rising Rate Concerns


    03/26/13: Spotlighting FLTR, ETF Trends explores floating rate note ETFs as a vehicle for bond investors to protect themselves against the prospect of rising interest rates. "As a precaution, some fund managers worried about a sustained sell-off in the bond market have been replacing some of their pricey fixed-rate debt with floating-rate.”

    View article » 



    ETF Daily News: Buying Fallen Angels for Higher Yields


    03/10/13: JT of ETF Base highlights ANGL, and reports: "What Van Eck discovered is that companies that fit the falling angel mold usually have qualities that make them preferable to junk issuers. Most importantly, falling angels are more likely [to] have much longer-dated debt that insulates the company from risk at reissue."

    View article » 



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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

      $97.5M
    • Shares Outstanding

      3,900,000
    • Number of Holdings

      156
    • Commencement Date

      04/25/2011
  •  
    as of 04/15/14

    • 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 04/15/14

    • 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 04/14/14

    • Yield to Worst

      0.80%
    • Yield to Maturity

      0.80%
    • Effective Duration (yrs)

      0.10
    • 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 04/15/14

    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 $25.01
    $25.01
    26,859
    8,846
    $0.00 / +0.0%
    $0.03 / +0.1%
    + 0.2%
    + 0.3%

    $0.00
    0.02%
  • 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