FLTR
VanEck IG Floating Rate ETF
FLTR
VanEck IG Floating Rate ETF
FLTR
VanEck IG Floating Rate ETF
FLTR
VanEck IG Floating Rate ETF
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NAV$25.42
as of November 08, 2024 -
YTD RETURNS--
as of November 08, 2024 -
Total Net Assets$1.75B
as of November 08, 2024 -
Total Expense Ratio0.14%
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Inception Date04/25/2011
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30-Day SEC Yield5.60%
Fund Description
VanEck IG Floating Rate ETF (FLTR®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Investment Grade Floating Rate Index (MVFLTR), which consists of U.S. dollar denominated floating rate notes issued by corporate issuers and rated investment grade.
Overview
Fund Highlights
- Access to investment grade corporate floating rate notes
- Floating rate notes have near-zero duration and pay coupons that reset periodically
- Attractive cash complement due to enhanced yield potential