Investment objective & strategy
As of Aug. 27, 2025 · prospectusObjective. VanEck IG Floating Rate ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Investment Grade Floating Rate Index (the Floating Rate Index or the Index).
Strategy. The Fund normally invests at least 80% of its total assets in securities that comprise the Funds benchmark index. For purposes of this policy, the term assets means net assets plus the amount of any borrowings for investment purposes. The Floating Rate Index is comprised of U.S. dollar-denominated floating rate notes issued by corporate entities or similar commercial entities that are public reporting companies in the United States and rated investment grade. The Fund may invest a significant portion of its assets in Rule 144A securities. As of June 30, 2025, the Floating Rate Index included 362 notes of 104 issuers and approximately 38% of the Floating Rate Index was comprised of Rule 144A securities. The Funds 80% investment policy … The Fund normally invests at least 80% of its total assets in securities that comprise the Funds benchmark index. For purposes of this policy, the term assets means net assets plus the amount of any borrowings for investment purposes. The Floating Rate Index is comprised of U.S. dollar-denominated floating rate notes issued by corporate entities or similar commercial entities that are public reporting companies in the United States and rated investment grade. The Fund may invest a significant portion of its assets in Rule 144A securities. As of June 30, 2025, the Floating Rate Index included 362 notes of 104 issuers and approximately 38% of the Floating Rate Index was comprised of Rule 144A securities. The Funds 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 Floating Rate Index. Unlike many investment companies that try to beat the performance of a benchmark index, the Fund does not try to beat the Floating Rate Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Floating Rate Index. Because of the practical difficulties and expense of purchasing all of the securities in the Floating Rate Index, the Fund does not purchase all of the securities in the Floating Rate Index. Instead, the Adviser utilizes a sampling methodology in seeking to achieve the Funds objective. As such, the Fund may purchase a subset of the bonds in the Floating Rate Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Floating Rate Index. The Fund is classified as a non-diversified fund and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Floating Rate Index concentrates in an industry or group of industries. As of April 30, 2025, the financials sector represented a significant portion of the Fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| COMMONWEALTH BANK OF AUSTRALIA | — | $35.68M | 1.39% |
| HSBC Holdings PLC | — | $30.62M | 1.20% |
| MITSUBISHI UFJ FIN GRP SR UNSECURED 09/31 VAR | — | $24.22M | 0.95% |
| SUMITOMO MITSUI TRUST BANK LTD FRN SOFR+99 03/13/2030 144A | — | $24.21M | 0.95% |
| SUMITOMO MITSUI FINL GRP SR UNSECURED 07/31 VAR | — | $21.75M | 0.85% |
| AUSTRALIA NEW ZEALAND BANKING GROUP LTD | — | $20.60M | 0.80% |
| SUMITOMO MITSUI SUMIBK Float 04/15/30 | SUMIBK | $19.28M | 0.75% |
| Novartis Capital Corporation | NOVNVX | $19.11M | 0.75% |
| Standard Chartered PLC | — | $18.45M | 0.72% |
| WESTPAC BANKING CORP FRN SOFR+81 04/16/2029 | — | $18.42M | 0.72% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF · FLRN | 49% | 0.15% |
| Fidelity Low Duration Bond Factor ETF · FLDR | 49% | 0.15% |
| iShares Floating Rate Bond ETF · FLOT | 45% | 0.15% |
Advisers
| Firm | Role |
|---|---|
| Van Eck Associates Corporation | Adviser |
Footnotes
- Expense ratio as of August 27, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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