FLTR
VanEck IG Floating Rate ETF
FLTR
VanEck IG Floating Rate ETF
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NAV$25.26
as of September 28, 2023 -
YTD RETURNS5.64%
as of September 28, 2023 -
Total Net Assets$1.21B
as of September 28, 2023 -
Total Expense Ratio0.14%
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Inception Date04/25/2011
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30-Day SEC Yield6.21%
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
- 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 - Near-Zero Duration with Enhanced Yield Potential
Floating rate notes may offer higher yields than other short duration instruments