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Name

As of 07/24/2024

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

VanEck Moody's Analytics BBB Corporate Bond ETF

MBBB | ETF

$21.21

$8.43 M

4.96%

$1.06

0.25%

Vitals

YTD Return

1.3%

1 yr return

6.9%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

N/A

Net Assets

$8.43 M

Holdings in Top 10

10.6%

52 WEEK LOW AND HIGH

$21.3
$19.52
$21.51

Expenses

OPERATING FEES

Expense Ratio 0.25%

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 07/24/2024

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

VanEck Moody's Analytics BBB Corporate Bond ETF

MBBB | ETF

$21.21

$8.43 M

4.96%

$1.06

0.25%

MBBB - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck Moody's Analytics BBB 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 BBB Index is comprised of U.S. dollar-denominated corporate bonds issued in the U.S. domestic market that have a BBB rating based on the bond’s composite rating, which is an average of ratings from various rating agencies. Bonds no longer rated BBB, including non-investment grade bonds, are removed from the BBB Index at the end of the month in which they are upgraded or downgraded in connection with the BBB Index’s next scheduled rebalance. The BBB Index is comprised of bonds issued by both U.S. and non-U.S. issuers that the BBB 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 BBB 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 BBB Index.
As of June 30, 2023, the BBB Index included 375 notes of 109 issuers and approximately 22% of the BBB 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 BBB Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the BBB Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to track the BBB Index. Because of the practical difficulties and expense of purchasing all of the securities in the BBB Index, the Fund does not purchase all of the securities in the BBB 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 BBB Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the BBB 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 BBB Index concentrates in an industry or group of industries. As of April 30, 2023, each of the financials, information technology, consumer staples, consumer discretionary and utilities sectors represented a significant portion of the Fund.
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MBBB - Performance

Return Ranking - Trailing

Period MBBB Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -37.4% 3.2% 78.25%
1 Yr 6.9% -22.5% 163.5% 51.57%
3 Yr -2.2%* -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 MBBB Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -27.3% 144.0% 23.23%
2022 -17.6% -15.7% 31.5% N/A
2021 -2.0% -13.0% 34.5% N/A
2020 N/A -52.0% 4.7% N/A
2019 N/A -3.1% 13.4% N/A

Total Return Ranking - Trailing

Period MBBB Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -37.4% 2.2% 88.52%
1 Yr 6.9% -22.5% 163.5% 51.88%
3 Yr -2.2%* -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 MBBB Return Category Return Low Category Return High Rank in Category (%)
2023 9.8% -27.3% 144.0% 23.23%
2022 -15.0% -15.7% 31.5% N/A
2021 0.3% -13.0% 34.5% N/A
2020 N/A -14.8% 4.7% N/A
2019 N/A -3.1% 13.4% N/A

MBBB - Holdings

Concentration Analysis

MBBB Category Low Category High MBBB % Rank
Net Assets 8.43 M 6.52 M 44.4 B 94.64%
Number of Holdings 201 2 9191 59.70%
Net Assets in Top 10 880 K -29.6 M 3.34 B 81.49%
Weighting of Top 10 10.61% 1.8% 100.0% 61.08%

Top 10 Holdings

  1. McDonald's Corp 1.52%
  2. Time Warner Cable LLC 1.17%
  3. T-Mobile USA Inc 1.15%
  4. Deutsche Telekom International Finance BV 1.04%
  5. Societe Generale SA 1.03%
  6. Societe Generale SA 0.99%
  7. Verizon Communications Inc 0.96%
  8. Sprint LLC 0.93%
  9. Capital One Financial Corp 0.91%
  10. Fiserv Inc 0.90%

Asset Allocation

Weighting Return Low Return High MBBB % Rank
Bonds 		98.10% 15.65% 141.47% 95.82%
Cash 		1.90% -49.09% 54.19% 34.63%
Stocks 		0.00% 0.00% 5.27% 64.18%
Preferred Stocks 		0.00% 0.00% 9.18% 71.64%
Other 		0.00% -38.92% 3.98% 60.60%
Convertible Bonds 		0.00% 0.00% 78.47% 0.90%

Bond Sector Breakdown

Weighting Return Low Return High MBBB % Rank
Derivative 		0.00% 0.00% 27.02% 67.46%
Cash & Equivalents 		0.00% 0.00% 54.19% 43.28%
Securitized 		0.00% 0.00% 23.18% 85.97%
Corporate 		0.00% 41.80% 100.00% 37.61%
Municipal 		0.00% 0.00% 3.62% 80.00%
Government 		0.00% 0.00% 25.63% 88.36%

Bond Geographic Breakdown

Weighting Return Low Return High MBBB % Rank
US 		98.10% 0.00% 122.90% 96.72%
Non US 		0.00% 0.00% 47.05% 9.85%

MBBB - Expenses

Operational Fees

MBBB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.03% 3.62% 84.57%
Management Fee 0.25% 0.00% 1.35% 28.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

MBBB 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

MBBB 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.

MBBB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 259.00% 24.02%

MBBB - Distributions

Dividend Yield Analysis

MBBB Category Low Category High MBBB % Rank
Dividend Yield 4.96% 0.00% 25.68% 17.31%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MBBB Category Low Category High MBBB % Rank
Net Income Ratio N/A 0.38% 7.58% 58.99%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MBBB - 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

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