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MIG
VanEck Moody’s Analytics IG 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 US Corporate Bond Index) without having to assume excessive risk. As of 5/5/2021, the strategy’s yield to worst was 2.32% vs 2.15% 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® 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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVCI
  • Index Rebalancing

    Monthly
  • 2021 Preliminary NAIC Designation7

    2.B

 
as of 09/21/21

  • 30-Day SEC Yield1

    2.00%
  • Total Net Assets

    $15.1M
  • Number of Holdings

    157
  • Options

    Expected
  • Gross Expense Ratio2

    0.20%
  • Net Expense Ratio/TER2

    0.20%
  • Distribution Frequency

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

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

  • Country

    % of Net Assets
  • United States

    60.73
  • United Kingdom

    8.88
  • Canada

    7.59
  • France

    5.52
  • Saudi Arabia

    3.36
  • Italy

    2.91
  • Switzerland

    1.90
  • Germany

    1.55
  • China

    1.44
  • Spain

    1.11
  • Mexico

    1.09
  • Brazil

    1.06
  • Denmark

    1.01
  • Japan

    0.86
  • Luxembourg

    0.74
  • Other/Cash

    0.24

Portfolio Composition (%)
as of 08/31/21

  • % of Net Assets
  • Stocks

    0.00
  • Bonds

    99.76
  • Other

    0.00
  • Cash

    0.24

Currency Exposure (%)
as of 08/31/21

  • U.S. Dollar

    99.76
  • Other/Cash

    0.24

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

Composite % of Net Assets
Investment Grade AAA 2.32
AA 9.28
A 18.89
BBB 69.50
Total Investment Grade -- 100.00
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.

3-YR Risk Measures*

  • Beta vs. S&P 500 Index

    --
  • Correlation vs. S&P 500 Index

    --
  • Volatility (Standard Deviation)

    --
  • Sharpe Ratio

    --

Source: VanEck, FactSet

*Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

Maturity (%) as of 08/31/21

 Average Portfolio Maturity: 11.89 Years

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

  • Sector

    % of Net Assets
  • Financials

    36.9
  • Technology

    18.8
  • Energy

    14.1
  • Consumer Non-Cyclicals

    11.7
  • Consumer Cyclicals

    6.0
  • Healthcare

    4.5
  • Basic Materials

    2.8
  • Utilities

    2.7
  • Industrials

    1.6
  • Real Estate

    0.6
  • Other/Cash

    0.2