FLTR
VanEck IG Floating Rate ETF
VanEck Vectors Investment Grade Floating Rate Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the VanEck Vectors Investment Grade Floating Rate Bond Index.
Corporate
FIXED INCOME
Rules-Based
MANAGEMENT STYLE
2.4 B
ASSETS UNDER MGMT
14 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck Associates Corp |
| Category | Corporate |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Apr 25, 2011 |
| Assets (mns) | $2,379 |
| Expense ratio | 14 bp |
Constituent Breakdown
| No. of constituents | 120 |
| No. of distinct issuers | 70 |
| Coverage | 86% |
| Fixed/floating rate | 0% / 100% |
| Investment grade | 100% |
| Inflation protected | 0% |
| Non-standard maturity (callable, etc.) | 65% |
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Bond selection | |
| Weighting | Market Cap |
| Smart-beta | No |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| COMMONWEALTH BANK OF AUSTRALIA 5.15581% | 1.7 % |
| WELLS FARGO & CO. 5.43119% | 1.2 % |
| MORGAN STANLEY BANK, NATIONAL ASSOCIATION (U | 1.2 % |
| MORGAN STANLEY 5.34111% | 1.2 % |
| DBS GROUP HOLDINGS LTD. 4.94649% | 1.2 % |
| SUMITOMO MITSUI TRUST BANK LTD. 5.33637% | 1.2 % |
| COMMONWEALTH BANK OF AUSTRALIA 4.98581% | 1.1 % |
| ANZ GROUP HOLDINGS LTD. 5.19635% | 1.0 % |
| NATIONAL AUSTRALIA BANK LTD. 5.13272% | 0.9 % |
| CITIBANK, N.A. 5.06748% | 0.9 % |
Issuer Type Breakdown
Top Issuers
| JPMORGAN CHASE & CO. | 9.3 % |
| CITIGROUP INC. | 7.4 % |
| BANK OF AMERICA CORPORATION | 6.4 % |
| GOLDMAN SACHS GROUP, INC. | 4.8 % |
| COMMONWEALTH BANK OF AUSTRALIA | 4.4 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.2% | -0.3% | 0.6% | 0.5% | 0.7% | 0.2% | -- | 0.1% |
| Dividend Yield | 1.2% | 5.7% | 6.1% | 5.3% | 3.5% | 2.7% | -- | 2.2% |
| Total Returns | 1.1% | 5.4% | 6.8% | 5.7% | 4.2% | 2.9% | -- | 2.3% | Ann. Volatility | 3.8% | 2.3% | 1.8% | 2.6% | 2.2% | 5.1% | -- | 5.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.03 | 7% |
| MSCI EAFE | 0.03 | 7% |
| MSCI Emg Mkts | 0.02 | 4% |
Liquidity Measures
| Avg. volume (000) | 696 |
| ADV traded (mns) | $18 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| Recent close | $25.46 |
| 30d moving avg. | $25.35 |
| Annualized volatility | 1.8% |
| Relative strength (RSI) | 56 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Credit Quality
Duration
Macaulay Duration
Modified Duration
SHORT
MED.
LONG TERM
4.2 yrs
Modified Duration
◁ INSENSITIVE
EXTREMELY SENSITIVE ▷
4.2%
ⓘ Our analysis shows this fund is likely to be relatively insensitive to changes in interest rates
Interest Rate Sensitivity Analysis
| Change in YTM |
New YTM |
Est. Price Change |
New Price |
|---|---|---|---|
| +300 bp | --% | --% | $-- |
| +200 bp | --% | --% | $-- |
| +150 bp | --% | --% | $-- |
| +100 bp | --% | --% | $-- |
| +75 bp | --% | --% | $-- |
| +50 bp | --% | --% | $-- |
| +25 bp | --% | --% | $-- |
| 0 bp | --% | --% | $-- |
| -25 bp | --% | --% | $-- |
| -50 bp | --% | --% | $-- |
| -75 bp | --% | --% | $-- |
| -100 bp | --% | --% | $-- |
| -150 bp | --% | --% | $-- |
| -200 bp | --% | --% | $-- |
| - 300bp | --% | --% | $-- |
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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)
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ETF Research Center Fund Rating
The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.
ALTAR Score™
FLTR
1.4%
Cat. Avg
4.1%
Fund Category: Corporate
| Adj. Yield to Maturity | -- bp |
| Less: Annual "default factor" | -- bp |
| Less: Expenses | 14 bp |
| Equals: ALTAR Score™ | 1.4% |
ALTAR Score™ vs. Duration (Corporate Bond ETFs)
Expense Analysis
| Peer Group | Rules-Based Corporate Fixed Income ETFs |
| # of ETFs | 75 |
| Avg. Expense Ratio | 26.6 bp |
| Std. Deviation | 17.3 bp |
| FLTR (14 bp) Percentile rank | 24 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLTR | 14.0 | 4.0 | 18 |
| Peer Avg. | 30.0 | 15.1 | 45.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .