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$25.38
as of August 15, 2024 -
YTD RETURNS4.58%
as of August 15, 2024 -
Total Net Assets$1.69B
as of August 15, 2024 -
Total Expense Ratio0.14%
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Inception Date04/25/2011
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30-Day SEC Yield5.97%
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 Rates†
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
Recommended Insights
Higher Yield and Diversification with Floating Rate Opportunities
Higher Yield and Diversification with Floating Rate Opportunities