Related Funds
LFEQVanEck Long/Flat Trend ETF
Fund Description
VanEck Long/Flat Trend ETF (LFEQ®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ned Davis Research CMG US Large Cap Long/Flat Index (NDRCMGLF). The NDRCMGLF Index follows a proprietary model that determines when, and by how much, it allocates to U.S. equities and/or U.S. Treasury bills to seek to help avoid losses in declining markets or capitalize from rising markets. The model produces daily trade signals to determine the Index's equity allocation percentage (100%, 50%, or 0%).
-
Fund Ticker
LFEQ -
Exchange
NYSE Arca -
Index Total Return Ticker
NDRCMGLF -
Index Provider
Ned Davis Research, Inc. -
Administrator
Van Eck Associates -
Index Ticker
NDRCMGLF -
Inception Date
10/04/2017
as of 07/01/22
-
30-Day SEC Yield1
0.03% -
Total Net Assets
$48.4M -
Number of Holdings
1 -
Options
No -
Gross Expense Ratio2
0.85% -
Net Expense Ratio/TER2
0.58% -
Distribution Frequency
Annual -
Next Distribution Date
12/27/2022
Key Points
- Tactically allocates between S&P 500 equities and U.S. T-bills
Based on a breadth model that measures 24 industries, in addition to the top line S&P 500 return
- Seeks to minimize impact of market downturns and participate in uptrends
Incorporates short, intermediate and long-term trend indicators, augmented by volatility and mean reversion inputs
- Driven by the institutional expertise of Ned Davis Research
One of the largest independent institutional investment research providers
Trading Information
-
Fund Ticker
LFEQ -
Index Total Return Ticker
NDRCMGLF -
NAV
LFEQNV -
Intraday NAV (IIV)4
LFEQIV -
Shares Outstanding
1,300,000 -
Estimated Cash
LFEQEU -
Total Cash
LFEQTC -
CUSIP
92189F148 -
ISIN
US92189F1488
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.32% -
Acquired Fund Fees and Expenses
0.03% -
Gross Expense Ratio
0.85% -
Fee Waivers and
-0.27%
Expense Reimbursement -
Net Expense Ratio/TER2
0.58%
2Expenses for LFEQ are capped contractually at 0.55% until February 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/04/17 |
|
---|---|---|---|---|---|---|---|---|
LFEQ (NAV) | -2.91 | -8.15 | -15.64 | -3.96 | 14.52 | -- | -- | 10.17 |
LFEQ (Share Price) | -2.82 | -8.09 | -15.65 | -3.99 | 14.49 | -- | -- | 10.17 |
NDRCMGLF (Index) | -2.91 | -8.09 | -15.45 | -3.38 | 15.23 | -- | -- | 10.82 |
Performance Differential (NAV - Index) | -- | -0.06 | -0.19 | -0.58 | -0.71 | -- | -- | -0.65 |
S&P 500 Index | 0.18 | -5.16 | -12.76 | -0.30 | 16.44 | 13.38 | 14.40 | 13.04 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/04/17 |
|
---|---|---|---|---|---|---|---|---|
LFEQ (NAV) | 3.74 | -4.71 | -4.71 | 14.86 | 18.19 | -- | -- | 13.61 |
LFEQ (Share Price) | 4.02 | -4.53 | -4.53 | 15.08 | 18.22 | -- | -- | 13.66 |
NDRCMGLF (Index) | 3.71 | -4.60 | -4.60 | 15.65 | 18.92 | -- | -- | 14.28 |
Performance Differential (NAV - Index) | 0.03 | -0.11 | -0.11 | -0.79 | -0.73 | -- | -- | -0.67 |
S&P 500 Index | 3.71 | -4.60 | -4.60 | 15.65 | 18.92 | 15.99 | 14.64 | 15.84 |
Daily Holdings (%) as of 06/30/22 Download All Holdings
Ticker
|
Holding Name |
% of Net Assets |
Identifier (FIGI)
|
Shares
|
Asset Class |
Market Value (US$) |
---|---|---|---|---|---|---|
912796U49 |
United States Treasury Bill | 99.81 |
BBG015ZCXS77 |
48,497,000 |
Bond | 48,335,747 |
-- |
Other/Cash | 0.19 |
-- |
0 |
Cash | 90,020 |