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FLTR
VanEck IG Floating Rate ETF

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.

 
 

  • Fund Ticker

    FLTR
  • Exchange

    NYSE Arca
  • Inception Date

    04/25/2011
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVFLTR
  • Index Rebalancing

    Monthly
  • 2022 Preliminary NAIC Designation8

    1.G

 
as of 09/29/22

  • 30-Day SEC Yield1

    3.40%
  • Total Net Assets

    $1.1B
  • Number of Holdings

    204
  • Options

    No
  • Gross Expense Ratio2

    0.14%
  • Net Expense Ratio/TER2

    0.14%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    09/30/2022
1,2,8 See Important Disclosure.

Index Key Points

The MVIS US Investment Grade Floating Rate Index (MVFLTR) comprises:

U.S. dollar denominated floating rate notes issued by corporate entities or similar commercial entities that are public reporting companies in the U.S. and rated investment grade.

Issues eligible for inclusion in Index:  

  • Rated investment grade, as determined by MarketVector Indexes.
  • Outstanding issue size of at least $500 million. 
  • Minimum of 6 months remaining to maturity.
  • U.S. dollar denominated.

Index Weighting:

  • Modified market-cap weighted.
  • Constituents capped at 2%.
  • Rebalanced monthly.

Index Provider: MarketVector Indexes

Index Profile

  • Ticker

    MVFLTR
  • Inception Date

    02/10/2011
  • Rebalance Frequency

    Monthly

Index Fundamentals4
as of 09/29/22

  • Yield to Worst

    4.37%
  • Yield to Maturity

    4.40%
  • Effective Duration (yrs)

    -0.10
  • Modified Duration (yrs)

    0.04
  • Spread Duration (yrs)

    2.42
  • Years to Maturity

    3.04
  • Coupon

    3.80%
 4See Important Disclosure for definitions.

Index Top 10 Constituents (%)  as of 08/31/22

Total Constituents: 214
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full data
Constituent Name
Coupon
Maturity Weightings (%)
Goldman Sachs Group Inc
0.000
05/15/2026 2.02
Bank Of America Corp
0.000
02/05/2026 2.01
Commonwealth Bank Aust
0.000
07/07/2025 2.00
Verizon Communications
0.000
05/15/2025 1.99
Morgan Stanley
0.675
01/24/2025 1.79
Goldman Sachs Group Inc
2.922
10/28/2027 1.48
Truist Financial Corp
0.000
06/09/2025 1.43
Capital One Financial Co
0.000
12/06/2024 1.28
General Elec Cap Corp
1.551
05/05/2026 1.25
Wells Fargo & Company
0.000
04/25/2026 1.09
Top 10 Total (%) 16.33
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/22

  • Country

    % of Net Assets
  • United States

    62.63
  • Australia

    9.61
  • United Kingdom

    8.79
  • Canada

    6.88
  • Japan

    3.74
  • France

    2.26
  • Netherlands

    1.59
  • Switzerland

    1.35
  • Norway

    0.87
  • South Korea

    0.75
  • Germany

    0.48
  • Spain

    0.45
  • China

    0.29
  • Cayman Islands

    0.23
  • Ireland

    0.10

Index Sector Weightings (%) as of 08/31/22

  • Sector

    % of Net Assets
  • Financials

    86.1
  • Technology

    4.4
  • Utilities

    2.6
  • Healthcare

    1.6
  • Consumer Non-Cyclicals

    1.6
  • Industrials

    1.3
  • Consumer Cyclicals

    1.0
  • Energy

    0.5
  • Real Estate

    0.5
  • 0.2

Index Credit Quality (%) as of 08/31/22

Composite % of Net Assets
Investment Grade AA 11.97
A 54.96
BBB 32.83
Total Investment Grade -- 99.75
Not Rated -- 0.25

Maturity (%) as of 08/31/22

Average Maturity: 3.04 Years