FLTR
VanEck Investment Grade Floating Rate ETF

Price: $25.37
Change: $0.0 (0.0%)
Category: Corporate Bonds
Last Updated:

Vitals

Issuer VanEck
Brand VanEck
Structure ETF
Expense Ratio 0.14%
ETF Home Page Home page
Inception Apr 25, 2011

Analyst Report

This ETF is among a small number of products that offers exposure to floating rate debt, giving it a risk/return profile that is somewhat unique. The securities held by FLTR generally won’t be included in the ETFs in the Total Bond Market ETFdb Category, making FLTR a potentially useful tool for those looking to round out a fixed income portfolio. This fund can also be useful for investors looking to fine tune fixed income exposure in certain environments. Whereas most bond ETFs invest exclusively in debt that pays a fixed coupon over the life of the note, this ETF holds debt that adjusts its coupon payment based on a reference rate. As a result, there is minimal interest rate risk associated with this fund, as the effective duration is close to zero. That makes FLTR appealing for investors who believe that interest rates are headed higher (rate hikes generally have an adverse impact on the price of fixed rate bonds). FLTR compensates investors for the credit risk taken on, but allows them to steer clear of any interest rate risk. Those looking for fixed rate investment grade corporate debt have a number of options in the Corporate Bonds ETFdb Category (LQD is perhaps the most popular choice) while those seeking higher yields from floating rate debt may prefer the Bank Loan Portfolio (BKLN) that focuses on floating rate securities from issuers with lower credit ratings.

ETF Database Themes

Category Corporate Bonds
Asset Class Bond
Region (General) Developed Markets
Region (Specific) Broad
Bond Type(s) Floating Rate Bonds
Bond Duration Short-Term

FactSet Classifications

  • Segment Fixed Income: U.S. - Corporate, Broad-based Investment Grade Floating Rate
  • Category Corporate, Broad-based
  • Focus Investment Grade
  • Niche Floating Rate
  • Strategy Vanilla
  • Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $25.00
  • 52 Week Hi $25.39
  • AUM $705.1 M
  • Shares 27.8 M

Historical Trading Data

  • 1 Month Avg. Volume 189,029
  • 3 Month Avg. Volume 185,277

Alternative ETFs in the ETF Database Corporate Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPBO 0.03% $424.6 M 89,052 -0.47%
Largest (AUM) VCIT 0.05% $46.7 B 2 M -0.87%
Most Liquid (Volume) LQD 0.14% $41.1 B 13 M -0.87%
Top YTD Performer IGBH 0.16% $811.0 M 73,678 3.83%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

FLTR ETF Database Category Average FactSet Segment Average
Number of Holdings 226 868 226
% of Assets in Top 10 16.88% 16.89% 16.88%
% of Assets in Top 15 23.29% 20.49% 23.29%
% of Assets in Top 50 52.40% 37.53% 52.40%

Size Comparison

FLTR ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

FLTR Valuation

This section compares the P/E ratio of this ETF to its peers.

FLTR
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
0.38
FactSet Segment Average
P/E Ratio
N/A

FLTR Dividend

This section compares the dividend yield of this ETF to its peers.

FLTR ETF Database Category Average FactSet Segment Average
Dividend $ 0.01 $ 0.06 $ 0.01
Dividend Date 2021-09-01 N/A N/A
Annual Dividend Rate $ 0.19 $ 0.92 $ 0.19
Annual Dividend Yield 0.75% 2.03% 0.75%

FLTR Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 13.95 M 3 Month Net Flows: 102.7 M 6 Month Net Flows: 186.27 M 1 Year Net Flows: 221.98 M 3 Year Net Flows: 189.4 M 5 Year Net Flows: 628.31 M 10 Year Net Flows: 695.76 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for FLTR on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Corporate Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- n/a
Expenses B+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

FLTR Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

FLTR
Expense Ratio
0.14%
ETF Database Category Average
Expense Ratio
0.17%
FactSet Segment Average
Expense Ratio
0.14%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores
9.85/10
ESG Score
99.13%
Global Percentile
100.0%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      1.36%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      144.08
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      1.36%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      5.82%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

FLTR Performance

This section shows how this ETF has performed relative to its peers.

FLTR ETF Database
Category Average
Factset Segment
Average
1 Month Return 0.04% -0.27% 0.04%
3 Month Return 0.11% 0.49% 0.11%
YTD Return 0.76% -0.28% 0.76%
1 Year Return 1.50% 1.90% 1.50%
3 Year Return 6.39% 13.99% 6.39%
5 Year Return 12.08% 10.33% 12.08%

FLTR Price and Volume Chart

Geographic Exposure

The following charts reflect the geographic spread of FLTR's underlying holdings.

Sector Breakdown

Asset Percentage
Corporate 99.96%
CASH 0.01%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Corporate 99.96%
CASH 0.01%

FLTR Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
64.65%
Rank
11 of 88

20 Day Volatility
0.47%
Rank
79 of 88

50 Day Volatility
0.59%
Rank
77 of 88

200 Day Volatility
0.85%
Rank
73 of 88

Beta
0.16
Rank
46 of 88

Standard Deviation
0.11%
Rank
58 of 79

Technicals

  • 20 Day MA $25.36
  • 60 Day MA $25.36
  • MACD 15 Period 0.01
  • MACD 100 Period 0.02
  • Williams % Range 10 Day 50.00
  • Williams % Range 20 Day 40.41
  • RSI 10 Day 59
  • RSI 20 Day 55
  • RSI 30 Day 54
  • Ultimate Oscillator 46

Bollinger Bands

  • Lower Bollinger (10 Day) $25.35
  • Upper Bollinger (10 Day) $25.37
  • Lower Bollinger (20 Day) $25.35
  • Upper Bollinger (20 Day) $25.37
  • Lower Bollinger (30 Day) $25.35
  • Upper Bollinger (30 Day) $25.37

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $25.35
  • Resistance Level 1 n/a
  • Resistance Level 2 $25.39

Stochastic

  • Stochastic Oscillator %D (1 Day) 47.03
  • Stochastic Oscillator %D (5 Day) 45.47
  • Stochastic Oscillator %K (1 Day) 47.13
  • Stochastic Oscillator %K (5 Day) 42.93

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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