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MBBB

VanEck
Moody’s Analytics BBB Corporate Bond ETF

As of February 28, 2025

Fund Details

Fund Ticker MBBB
Index Ticker MVBI
Total Net Assets ($M) 8.66
Number of Holdings 195
Exchange BATS
Inception Date 12/01/20
Distribution Frequency Monthly

Yield

30-Day SEC Yield1 5.18%
*30-Day SEC Yield reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time.
*30-Day SEC Yield reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time.

Fees and Expenses

Management Fee 0.25%
Other Expenses --
Acquired Fund Fees and Expenses --
Gross Expense Ratio 0.25%
Fee Waivers and
Expense Reimbursement		 --
Net Expense Ratio 0.25%

Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2025.

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.

Top 10 Holdings

Holding Name
Coupon
Maturity
 % of Net Assets
Mcdonald's Corp
2.125
 03/01/2030 1.56
Verizon Communications Inc
2.550
 03/21/2031 1.54
Verizon Communications Inc
4.329
 09/21/2028 1.46
Fiserv Inc
3.200
 07/01/2026 1.43
Charter Communications Operating Llc /
6.484
 10/23/2045 1.15
Societe Generale Sa
4.250
 08/19/2026 1.14
Oracle Corp
5.375
 07/15/2040 1.13
Reynolds American Inc
5.850
 08/15/2045 1.13
Lowe's Cos Inc
2.625
 04/01/2031 1.04
Deutsche Telekom International Finance
8.750
 06/15/2030 1.03
Top 10 Total 12.62
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Performance History:

Average Annual Total Returns* (%)

Month End as of 02/28/25 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/01/20
MBBB (NAV) 1.98 0.83 2.52 7.83 1.84 -- -- 0.27
MBBB (Share Price) 1.99 0.63 2.50 7.77 1.68 -- -- 0.23
MVBI (Index) 2.00 0.86 2.61 8.02 1.94 -- -- 0.34
Performance Differential (NAV - Index) -0.02 -0.03 -0.09 -0.19 -0.10 -- -- -0.07
ICE BofA BBB US Corporate Index 2.01 0.92 2.65 7.46 1.19 -- -- --
Quarter End as of 12/31/24 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/01/20
MBBB (NAV) -1.65 -2.41 3.92 3.92 -1.02 -- -- -0.33
MBBB (Share Price) -1.82 -2.57 3.66 3.66 -1.11 -- -- -0.37
MVBI (Index) -1.70 -2.46 4.06 4.06 -1.03 -- -- -0.28
Performance Differential (NAV - Index) 0.05 0.05 -0.14 -0.14 0.01 -- -- -0.05
ICE BofA BBB US Corporate Index -1.69 -2.50 3.55 3.55 -1.57 -- -- --

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The Fund’s prospectus has not been submitted for approval to the Belgian Financial Services and Markets Authority (Autoriteit voor Financiële Diensten en Markten / Autorité des Services et Marchés Financiers) and, accordingly, the shares may not be distributed by way of public offering in Belgium and may only be offered to a maximum of 99 investors or to institutional and professional investors (as defined in Article 5, §3 of the Law of July 20, 2004, and as extended by the provisions of the Belgian Royal Decree of September 26, 2006 . These materials may be distributed in Belgium only to such prospective investors for their personal use and may not be used for any other purpose or passed on to any other person in Belgium. Shares will only be offered to such qualifying prospective investors.

The ICE BofA BBB US Corporate Index is a subset of ICE BofA US Corporate Index including all securities rated BBB1 through BBB3, inclusive. The ICE BofA US Corporate Index tracks the performance of US dollar denominated investment grade corporate debt publicly issued and settled in the US domestic market. The VanEck Moody’s Analytics BBB Corporate Bond ETF does not seek to track ICE BofA BBB US Corporate Index which is only shown for illustrative purposes.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

MBBB

VanEck
Moody’s Analytics BBB Corporate Bond ETF

As of February 28, 2025

Fundamentals

Yield to Worst 5.29M
Yield to Maturity 5.33M
Effective Duration (yrs) 6.41
Years to Maturity 10.69
Coupon 4.38M
*See Important Disclosure for definitions.
*These figures represent weighted averages. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield, and is appropriate for bonds with embedded options. Years to Maturity is the period of time for which a financial instrument remains outstanding.

Top 10 Countries

Country % of Net Assets
United States 77.98
France 7.66
Canada 5.48
Italy 2.75
Netherlands 2.17
Germany 0.78
Mexico 0.71
United Arab Emirates 0.58
Norway 0.34
United Kingdom 0.31
Top 10 Total 98.76

Sector Weightings (%)

Sector % of Net Assets
■ Technology 19.0
■ Consumer Non-Cyclicals 18.1
■ Financials 17.7
■ Consumer Cyclicals 10.4
■ Industrials 8.6
■ Utilities 7.1
■ Healthcare 6.6
■ Energy 5.3
■ Real Estate 4.5
■ Basic Materials 1.5
■ Other/Cash 1.2
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Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directly in the Index. Index returns assume that dividends have been reinvested.

An investment in the Fund may be subject to risks which include, among others, investing in European issuers, foreign securities, BBB-rated bond, credit, interest rate, restricted securities, financials sector, information technology sector, consumer discretionary sector, consumer staples sector, market, operational, call, sampling, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, data, fund shares trading, premium/discount and liquidity of fund shares, non-diversified, and index-related concentration risks, all of which may adversely affect the fund. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

Shares of the Fund are not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH. MarketVector Indexes GmbH makes no representation or warranty, express or implied, to the owners of Shares of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Shares of the Fund particularly or the ability of the Index to track the performance of its respective securities market. The Index is determined and composed by MarketVector Indexes GmbH without regard to the Adviser or the Shares of the Fund. MarketVector Indexes GmbH has no obligation to take the needs of the Adviser or the owners of Shares of the Fund into consideration in determining or composing the respective Index. MarketVector Indexes GmbH is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Shares of the Fund are to be converted into cash. MarketVector Indexes GmbH has no obligation or liability in connection with the administration, marketing or trading of the Shares of the Fund.

The Adviser has entered into a licensing agreement with Moody’s Analytics to use certain Moody’s Analytics credit risk models, data and trademarks. Moody’s Analytics® is a registered trademark of Moody’s Analytics, Inc. and/or its affiliates and is used under license.

The Fund is not sponsored, promoted, sold or supported in any manner by Moody’s Analytics nor does Moody’s Analytics offer any express or implicit guarantee or assurance either with regard to the results of using the Moody’s Analytics trademark or data at any time or in any other respect. Moody’s Analytics has no obligation to point out errors in the data to third parties including but not limited to investors and/or financial intermediaries of the Fund. The licensing of data or the Moody’s Analytics trademark for the purpose of use in connection with the Fund does not constitutes a recommendation by Moody’s Analytics to invest capital in the Fund nor does it in any way represent an assurance or opinion of Moody’s Analytics with regard to any investment in this financial instrument. Moody's Analytics bears no liability with respect to the Fund or any security.

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.  

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation | 666 Third Avenue | New York, NY 10017

FUND TICKER: MBBB 800.826.2333 VANECK.COM