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MIG
VanEck Moody’s Analytics IG Corporate Bond ETF

Fund Description

VanEck Moody’s Analytics® IG 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 Investment Grade Corporate Bond Index, which includes investment grade corporate bonds that have attractive valuations and a lower probability of being downgraded to high yield compared to other investment grade bonds.

 
 

  • Fund Ticker

    MIG
  • Exchange

    Cboe
  • Inception Date

    12/01/2020
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVCI
  • Index Rebalancing

    Monthly
  • 2022 Preliminary NAIC Designation7

    2.B

 
as of 09/29/22

  • 30-Day SEC Yield1

    5.45%
  • Total Net Assets

    $12.0M
  • Number of Holdings

    210
  • Options

    No
  • Gross Expense Ratio2

    0.20%
  • Net Expense Ratio/TER2

    0.20%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    09/30/2022
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Index Key Points

Underlying Index:

MVIS Moody’s Analytics US Investment Grade Corporate Bond Index (“US IG Index”)

Index Composition:

The MVIS Moody’s Analytics US Investment Grade Corporate Bond Index is designed to track the performance of U.S. dollar-denominated investment grade 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 3%
  • Sector exposure is capped at 25%

Index Provider: MarketVector Indexes

Index Profile

  • Ticker

    MVCI
  • Inception Date

    11/13/2020
  • Rebalance Frequency

    Monthly

Index Fundamentals4
as of 09/29/22

  • Yield to Worst

    5.97%
  • Yield to Maturity

    5.97%
  • Effective Duration (yrs)

    6.19
  • Modified Duration (yrs)

    6.22
  • Spread Duration (yrs)

    6.28
  • Years to Maturity

    9.67
  • Coupon

    3.95%
 4See Important Disclosure for definitions.

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

Total Constituents: 441
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full data
Constituent Name
Coupon
Maturity Weightings (%)
Wells Fargo & Company
0.000
04/04/2051 0.95
Bank Of America Corp
0.000
03/20/2051 0.83
T-Mobile Usa Inc
3.875
04/15/2030 0.78
Home Depot Inc
0.000
12/16/2036 0.75
Microsoft Corp
0.000
11/03/2025 0.66
Saudi Arabian Oil Co
0.000
04/16/2029 0.60
Exxon Mobil Corporation
0.000
03/19/2025 0.60
Saudi Arabian Oil Co
0.000
04/16/2039 0.59
Saudi Arabian Oil Co
0.000
04/16/2049 0.58
Credit Suisse Group Ag
0.000
04/01/2031 0.57
Top 10 Total (%) 6.91
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

    61.16
  • Canada

    8.46
  • United Kingdom

    7.41
  • France

    7.02
  • Saudi Arabia

    3.24
  • Italy

    2.17
  • Switzerland

    1.95
  • Netherlands

    1.71
  • Denmark

    1.34
  • Brazil

    0.92
  • Guernsey

    0.86
  • Japan

    0.83
  • China

    0.60
  • Mexico

    0.51
  • Taiwan Region

    0.42
  • Germany

    0.37
  • India

    0.36
  • Luxembourg

    0.33
  • Norway

    0.20
  • Colombia

    0.15

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

  • Sector

    % of Net Assets
  • Financials

    36.4
  • Technology

    17.3
  • Consumer Non-Cyclicals

    12.4
  • Consumer Cyclicals

    10.2
  • Energy

    9.1
  • Healthcare

    6.2
  • Real Estate

    2.9
  • Basic Materials

    2.3
  • Industrials

    2.1
  • Utilities

    0.8
  • OTHER

    0.4

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

Composite % of Net Assets
Investment Grade AAA 0.66
AA 8.81
A 19.07
BBB 59.60
Non-Investment Grade BB 11.32
Total Investment Grade -- 88.13
Total Non-Investment Grade -- 11.32
Not Rated -- 0.55

Maturity (%) as of 08/31/22

Average Maturity: 10.00 Years