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Trending ETFs

VanEck Moody's Analytics IG Corporate Bond ETF

ETF
MIG
Payout Change
Pending
Price as of:
$21.4202 +0.08 +0.38%
primary theme
N/A
MIG (ETF)

VanEck Moody's Analytics IG Corporate Bond ETF

Payout Change
Pending
Price as of:
$21.4202 +0.08 +0.38%
primary theme
N/A
MIG (ETF)

VanEck Moody's Analytics IG Corporate Bond ETF

Payout Change
Pending
Price as of:
$21.4202 +0.08 +0.38%
primary theme
N/A

Name

As of 11/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.42

$12.6 M

4.55%

$0.97

0.20%

Vitals

YTD Return

3.8%

1 yr return

11.6%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

N/A

Net Assets

$12.6 M

Holdings in Top 10

9.4%

52 WEEK LOW AND HIGH

$21.3
$19.98
$22.17

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 11/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.42

$12.6 M

4.55%

$0.97

0.20%

MIG - Profile

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck Moody's Analytics IG Corporate Bond ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Dec 01, 2020
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Francis Rodilosso

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund's benchmark index. The US IG Index is comprised of U.S. dollar-denominated corporate bonds issued in the U.S. domestic market that have an investment grade rating based on the bond’s composite rating, which is an average of ratings from various rating agencies. Bonds that fall below investment grade are removed from the US IG Index at the end of the month in which they are downgraded in connection with the US IG Index's next scheduled rebalance.
The US IG Index is comprised of bonds issued by both U.S. and non-U.S. issuers that the US IG Index provider determines to have an attractive valuation based on proprietary credit risk metrics developed by Moody's Analytics, Inc. (“Moody's Analytics”).
Further, bonds that the US IG Index provider determines to have the highest probability of being downgraded to non-investment grade, based on proprietary credit risk metrics developed by Moody's Analytics, are excluded from the US IG Index.
As of June 30, 2024, the US IG Index included 513 notes of 114 issuers and approximately 25% of the US IG Index was comprised of Rule 144A securities. These amounts are subject to change.
The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the US IG Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the US IG Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to track the US IG Index. Because of the practical difficulties and expense of purchasing all of the securities in the US IG Index, the Fund does not purchase all of the securities in the US IG Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the US IG Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the US IG Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the US IG Index concentrates in an industry or group of industries. As of April 30, 2024, each of the financials, information technology and consumer staples sectors represented a significant portion of the Fund.
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MIG - Performance

Return Ranking - Trailing

Period MIG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -37.4% 3.2% 77.04%
1 Yr 11.6% -22.5% 163.5% 48.11%
3 Yr -1.5%* -13.4% 33.3% N/A
5 Yr N/A* -10.0% 21.5% N/A
10 Yr N/A* -4.1% 9.4% N/A

* Annualized

Return Ranking - Calendar

Period MIG Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -27.3% 144.0% 24.19%
2022 -17.0% -15.7% 31.5% N/A
2021 -2.1% -13.0% 34.5% N/A
2020 N/A -52.0% 4.7% N/A
2019 N/A -3.1% 13.4% 0.81%

Total Return Ranking - Trailing

Period MIG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -37.4% 2.2% 85.80%
1 Yr 11.6% -22.5% 163.5% 48.44%
3 Yr -1.5%* -13.4% 33.3% N/A
5 Yr N/A* -10.0% 21.5% N/A
10 Yr N/A* -4.1% 9.7% N/A

* Annualized

Total Return Ranking - Calendar

Period MIG Return Category Return Low Category Return High Rank in Category (%)
2023 8.9% -27.3% 144.0% 24.19%
2022 -14.5% -15.7% 31.5% N/A
2021 0.0% -13.0% 34.5% N/A
2020 N/A -14.8% 4.7% N/A
2019 N/A -3.1% 13.4% 2.42%

MIG - Holdings

Concentration Analysis

MIG Category Low Category High MIG % Rank
Net Assets 12.6 M 6.52 M 44.4 B 90.63%
Number of Holdings 260 2 9191 57.31%
Net Assets in Top 10 1.21 M -29.6 M 3.34 B 81.19%
Weighting of Top 10 9.40% 1.8% 100.0% 68.86%

Top 10 Holdings

  1. Verizon Communications Inc 1.13%
  2. T-Mobile USA Inc 1.11%
  3. Saudi Arabian Oil Co 1.03%
  4. Berkshire Hathaway Finance Corp 1.02%
  5. ATT Inc 0.94%
  6. HCA Inc 0.93%
  7. Broadcom Inc 0.86%
  8. Intesa Sanpaolo SpA 0.82%
  9. BNP Paribas SA 0.78%
  10. UBS AG/Stamford CT 0.78%

Asset Allocation

Weighting Return Low Return High MIG % Rank
Bonds
98.49% 15.65% 141.47% 99.40%
Cash
1.51% -49.09% 54.19% 33.73%
Stocks
0.00% 0.00% 5.27% 13.73%
Preferred Stocks
0.00% 0.00% 9.18% 25.67%
Other
0.00% -38.92% 3.98% 7.46%
Convertible Bonds
0.00% 0.00% 78.47% 0.60%

Bond Sector Breakdown

Weighting Return Low Return High MIG % Rank
Cash & Equivalents
0.36% 0.00% 54.19% 42.69%
Derivative
0.00% 0.00% 27.02% 19.40%
Securitized
0.00% 0.00% 23.18% 59.10%
Corporate
0.00% 41.80% 100.00% 43.88%
Municipal
0.00% 0.00% 3.62% 46.57%
Government
0.00% 0.00% 25.63% 39.40%

Bond Geographic Breakdown

Weighting Return Low Return High MIG % Rank
US
98.49% 0.00% 122.90% 97.01%
Non US
0.00% 0.00% 47.05% 9.25%

MIG - Expenses

Operational Fees

MIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.03% 3.62% 88.27%
Management Fee 0.20% 0.00% 1.35% 18.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

MIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 259.00% 16.59%

MIG - Distributions

Dividend Yield Analysis

MIG Category Low Category High MIG % Rank
Dividend Yield 4.55% 0.00% 25.68% 22.99%

Dividend Distribution Analysis

MIG Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MIG Category Low Category High MIG % Rank
Net Income Ratio N/A 0.38% 7.58% 60.83%

Capital Gain Distribution Analysis

MIG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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MIG - Fund Manager Analysis

Managers

Francis Rodilosso


Start Date

Tenure

Tenure Rank

Dec 01, 2020

1.5

1.5%

Mr. Rodilosso joined VanEck in 2012. He serves as Head of Fixed Income ETF Portfolio Management and is responsible for portfolio strategy, credit, and market analysis. Prior to joining VanEck, Mr. Rodilosso served as Managing Director of Global Emerging Markets with The Seaport Group where he launched the firm’s emerging markets fixed income sales and trading business. Mr. Rodilosso’s earlier career experience includes portfolio management positions at Greylock Capital and Soundbrook Capital where he focused on corporate high-yield and distressed situations, with an emphasis on emerging markets. He also held senior fixed income trading positions at Credit Lyonnais and HSBC. Mr. Rodilosso is a CFA Charterholder and a member of the CFA Society New York. He received an MBA from the Wharton School of the University of Pennsylvania and a BA from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.22 2.41