ETF Evaluator:
VanEck IG Floating Rate ETF (FLTR)
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(as of Aug 14)
Best Performing in Ultrashort Bond Over the Last Year
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ETF Details
VanEck IG Floating Rate ETF Overview
VanEck IG Floating Rate ETF (FLTR) is a passively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). VanEck launched the ETF in 2011.
The investment 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").
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The 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 is non-diversified.
About VanEck IG Floating Rate ETF (FLTR)
There are 1 members of the management team with an average tenure of 13.92 years: Francis Rodilosso (2012). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: ICE BofA US Broad Market TR USD index with a weighting of 100% and MVIS US Invst Grade Floating Rate NR USD index with a weighting of 100%. VanEck IG Floating Rate ETF has 461 securities in its portfolio. The top 10 holdings constitute 9.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck IG Floating Rate ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. VanEck IG Floating Rate ETF has 59.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.4% (40.4% domestic bond, 59.0% foreign bond and 0.0% convertible bond). VanEck IG Floating Rate ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is below the $5 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FLTR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck IG Floating Rate ETF expense ratio is low compared to funds in the Ultrashort Bond category. VanEck IG Floating Rate ETF has an expense ratio of 0.14%, which is 36% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck IG Floating Rate ETF has a portfolio turnover rate of 75%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.
Recently, in the month of July 2026, VanEck IG Floating Rate ETF returned 0.3%, which earned it a grade of B, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck IG Floating Rate ETF has a trailing yield of 4.63%, which is above the 4.07% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck IG Floating Rate ETF Grades
Year to date, the ETF has returned 2.7%, 0.5 percentage points better than the category, which translates into a grade of A. The fund has returned 4.9% over the past year (grade of A), 6.0% over the past three years (grade of A) and 4.6% per year over the past five years (grade of A) and 3.5% per year over the past 10 years (grade of A).
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FLTR Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FLTR Return (NAV) | 0.3% | 1.2% | 4.9% | 6.0% | 4.6% | 3.5% |
| FLTR Return (Price) | 0.3% | 1.4% | 5.0% | 6.0% | 4.6% | 3.5% |
| NAV +/- Price Return | 0.000% | -0.157% | -0.165% | 0.002% | -0.024% | -0.028% |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.2% | 5.2% | 3.9% | 3.0% |
| FLTR Grade (NAV) | B | A | A | A | A | A |
| +/- Category (NAV) | 0.0% | 0.3% | 0.6% | 0.8% | 0.7% | 0.5% |
| FLTR Tax-Cost Ratio | na | na | 1.9% | 2.2% | 1.8% | 1.3% |
FLTR Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FLTR Return (NAV) | 2.7% | 5.3% | 7.2% | 7.5% | 0.7% | 0.6% | 1.5% | 5.4% | 0.7% | 2.8% | 2.1% |
| FLTR Return (Price) | 2.7% | 5.2% | 7.4% | 7.4% | 0.7% | 0.6% | 1.4% | 5.7% | 0.3% | 2.8% | 2.5% |
| NAV +/- Price Ret | 0.015% | -0.016% | 0.023% | -0.007% | 0.127% | -0.068% | -0.053% | 6.3% | -55.0% | -1.6% | 19.6% |
| Ultrashort Bond Avg | 2.2% | 4.8% | 5.8% | 6.1% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| FLTR Grade (NAV) | A | A | A | A | C | A | C | A | F | A | A |
| +/- Category | 0.5% | 0.5% | 1.4% | 1.4% | 0.2% | 0.3% | 0.1% | 1.7% | -0.7% | 0.6% | 0.2% |
| Risk Measures | |
| Beta: | 0.01 |
| R-Squared: | 2% |
| Standard Deviation: | 0.6% |
| Category Risk Index: | 1.04 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.05 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.6% |
| Total Assets: | $ 3,005 Mil |
| Share Class Assets: | $ 3,005 Mil |
| Turnover: | 75.0% |
| Expense Ratio: | 0.14% |
| Index Fund: | Yes |
| Index Tracked: | ICE BofA US Broad Market TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 13.9 years | |||
| Average Tenure: 13.9 years | |||
| Managers (Year): Rodilosso Francis (2012) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 461 |
| % in Top 10 Holdings: | 9.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 59.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 40.4% |
| Foreign Bond: | 59.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | April 25, 2011 |
Expenses and Fees
| Expense Ratio (%): | 0.14% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.22% |
