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 03/27/23
-
30-Day SEC Yield1
1.77% -
Total Net Assets
$24.4M -
Number of Holdings
1 -
Options
No -
Gross Expense Ratio2
0.74% -
Net Expense Ratio/TER2
0.61% -
Distribution Frequency
Annual -
Next Distribution Date
12/26/2023
Key Documents and Links
Fund Highlights
- 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
675,000 -
Estimated Cash
LFEQEU -
Total Cash
LFEQTC -
CUSIP
92189F148 -
ISIN
US92189F1488
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.22% -
Acquired Fund Fees and Expenses
0.02% -
Gross Expense Ratio
0.74% -
Fee Waivers and
-0.13%
Expense Reimbursement -
Net Expense Ratio/TER2
0.61%
2 Expenses for LFEQ are capped contractually at 0.55% until February 1, 2024. 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
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) | -2.53 | -1.59 | 1.33 | -13.93 | 9.02 | 6.60 | -- | 7.40 |
LFEQ (Share Price) | -2.53 | -1.40 | 1.49 | -13.80 | 9.17 | 6.48 | -- | 7.42 |
NDRCMGLF (Index) | -2.44 | -1.39 | 1.51 | -13.21 | 9.87 | 7.29 | -- | 8.10 |
Performance Differential (NAV - Index) | -0.09 | -0.20 | -0.18 | -0.72 | -0.85 | -0.69 | -- | -0.70 |
S&P 500 Index | -2.44 | -2.28 | 3.69 | -7.69 | 12.15 | 9.82 | 12.25 | 10.58 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/04/17 |
|
---|---|---|---|---|---|---|---|---|
LFEQ (NAV) | -2.88 | 2.65 | -21.98 | -21.98 | 5.48 | 6.73 | -- | 7.37 |
LFEQ (Share Price) | -2.85 | 2.59 | -22.05 | -22.05 | 5.46 | 6.65 | -- | 7.35 |
NDRCMGLF (Index) | -2.85 | 2.83 | -21.35 | -21.35 | 6.22 | 7.36 | -- | 8.05 |
Performance Differential (NAV - Index) | -0.03 | -0.18 | -0.63 | -0.63 | -0.74 | -0.63 | -- | -0.68 |
S&P 500 Index | -5.76 | 7.56 | -18.11 | -18.11 | 7.66 | 9.42 | 12.56 | 10.16 |
Daily Holdings (%) as of 03/27/23
Download All Holdings
Ticker
|
Holding Name |
% of Net Assets |
Identifier (FIGI)
|
Shares
|
Asset Class |
Market Value (US$) |
Notional Value |
---|---|---|---|---|---|---|---|
912796X53
|
United States Treasury Bill | 100.26 |
BBG0182B60W2
|
24,696,000
|
Bond | 24,449,607 | -- |
--
|
Other/Cash | -0.26 |
-- |
0 |
Cash | -62,728 | -- |