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MBBB
VanEck Moody’s Analytics BBB Corporate Bond ETF

Market Updates*

  • This strategy allows investors to earn attractive income with outperformance potential versus the broad market (as represented by the ICE BofA BBB US Corporate Bond Index) without having to assume excessive risk. As of 5/5/2021, the strategy’s yield to worst was 2.51% vs 2.40 for the broad index.Please see standard performance listed below.
  • Underlying index’s methodology integrates valuation screening with multiple screens for credit risk, resulting in a portfolio with similar or lower average default and downgrade risk and a higher average credit spread compared to broad benchmarks.2
  • Moody’s Analytics’ credit risk model looks beyond traditional fixed income risk measures and provides forward-looking valuation and risk measures to select bonds with the greatest alpha potential relative to their risk.

Learn More | Finding Alpha Opportunities in Corporate Bonds

1Source: ICE Data Indices.

2Source: VanEck, MVIS, Moody’s Analytics and ICE Data Indices as of 3/31/2021

Fund Description

VanEck Moody’s Analytics® BBB Corporate Bond ETF seeks to track, as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Moody’s Analytics® US BBB Corporate Bond Index, which includes BBB rated corporate bonds that have attractive valuations and a lower probability of being downgraded to high yield compared to other BBB rated bonds.

 
 

  • Fund Ticker

    MBBB
  • Exchange

    Cboe
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVBI
  • Index Rebalancing

    Monthly
  • 2021 Preliminary NAIC Designation7

    2.C

 
as of 09/22/21

  • 30-Day SEC Yield1

    2.07%
  • Total Net Assets

    $10.2M
  • Number of Holdings

    132
  • Options

    Expected
  • Gross Expense Ratio2

    0.25%
  • Net Expense Ratio/TER2

    0.25%
  • Distribution Frequency

    Monthly
Click here to read the Recommended Insights - Whitepaper: Uncover Hidden Value in Credit
Click here to read the Recommended Insights - Whitepaper: Uncover Hidden Value in Credit

Index Key Points

Underlying Index:

MVIS Moody’s Analytics US BBB Corporate Bond ETF (“BBB Index”)

Index Composition:

The MVIS Moody’s Analytics BBB Investment Grade Corporate Bond Index is designed to track the performance of U.S. dollar-denominated BBB rated corporate bonds that offer a high excess spread over fair value, while excluding bonds exhibiting the highest probability of being downgraded to non-investment grade, based on proprietary credit risk metrics developed by Moody’s Analytics, Inc.

Weighting:

  • Modified market cap weighting
  • Single issuer exposure is capped at 5%
  • Sector exposure is capped at 25%

Index Provider: MV Index Solutions GmbH

Index Profile

  • Ticker

    MVBI
  • Inception Date

    11/13/20
  • Rebalance Frequency

    Monthly

Index Fundamentals4
as of 09/22/21

  • Yield to Worst

    2.24%
  • Yield to Maturity

    2.33%
  • Effective Duration (yrs)

    7.45
  • Modified Duration (yrs)

    7.45
  • Spread Duration (yrs)

    7.35
  • Years to Maturity

    10.29
  • Coupon

    4.51%
 4 See Important Disclosure for definitions.

Top 10 Constituents (%) as of 08/31/21

Total Constituents: 311
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full data
Constituent Name
Coupon
Maturity Weighting (%)
Ge Capital Intl Funding
0.000
11/15/35
1.99
T-Mobile Usa Inc
3.875
04/15/30
1.76
T-Mobile Usa Inc
3.750
04/15/27
1.00
Charter Comm Opt Llc/Cap
0.000
07/23/25
0.87
Charter Comm Opt Llc/Cap
0.000
10/23/45
0.84
Verizon Communications
0.000
09/21/28
0.83
Credit Suisse Group Ag
0.000
04/01/31
0.77
Credit Suisse Group Ag
3.091
05/14/32
0.76
Verizon Communications
0.000
12/03/29
0.76
Wells Fargo & Company
0.000
01/15/44
0.74
Top 10 Total (%) 10.32
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • United States

    65.00
  • France

    6.52
  • United Kingdom

    6.16
  • Canada

    4.73
  • Italy

    3.05
  • Switzerland

    2.94
  • Germany

    2.35
  • Brazil

    1.76
  • Russia

    1.64
  • Denmark

    1.20
  • India

    1.13
  • Hong Kong

    0.73
  • China

    0.72
  • Mexico

    0.42
  • Japan

    0.35
  • Spain

    0.34
  • Panama

    0.32
  • Netherlands

    0.23
  • Colombia

    0.22
  • Peru

    0.19

Index Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Financial

    31.2
  • Communications

    22.8
  • Consumer, Non-cyclical

    12.7
  • Energy

    9.6
  • Consumer, Cyclical

    5.9
  • Technology

    5.4
  • Utilities

    5.1
  • Basic Materials

    3.9
  • Industrial

    3.4

Index Credit Quality (%) as of 08/31/21

Composite % of Net Assets
Investment Grade BBB 100.00
Total Investment Grade -- 100.00
Not Rated -- --
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 08/31/21

 Average Maturity: 10.30 Years