ETF Evaluator:
VanEck Lg/Flat Trend ETF ()
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(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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ETF Details
VanEck Lg/Flat Trend ETF Overview
VanEck Lg/Flat Trend ETF (LFEQ) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). VanEck launched the ETF in 2017.
The investment seeks to replicate as closely as possible, the price and yield performance of the Ned Davis Research CMG US Large Cap Long/Flat Index.
The fund normally invests at least 80% of its total assets in securities that track and/or comprise the fund's benchmark index. The index is a rules-based index that follows a proprietary model developed by Ned Davis Research, Inc. in conjunction with CMG Capital Management Group, Inc. To help limit potential loss associated with adverse market conditions, the model produces trade signals that dictate the index's equity allocation ranging from 100% fully invested to 100% in cash. The fund is non-diversified.
About VanEck Lg/Flat Trend ETF (LFEQ)
There are 2 members of the management team with an average tenure of 2.50 years: David Schassler (2024) and Joseph Schafer (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and NDR CMG US Large Cap Long/Flat TR USD index with a weighting of 100%. VanEck Lg/Flat Trend ETF has 2 securities in its portfolio. The top 10 holdings constitute 99.6% 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 Lg/Flat Trend ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. VanEck Lg/Flat Trend ETF has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.6% There is 0.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck Lg/Flat Trend ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $28 million in total assets, which is below the $13 billion average for the Large Blend 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.
LFEQ 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 Lg/Flat Trend ETF expense ratio is average compared to funds in the Large Blend category. VanEck Lg/Flat Trend ETF has an expense ratio of 0.58%, which is 40% higher than its category average, making the fund expense ratio grade a D. 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 Lg/Flat Trend ETF has a portfolio turnover rate of 1%, which indicates that it holds its assets around / 1.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, VanEck Lg/Flat Trend ETF returned -0.1%, which earned it a grade of C, as the Large Blend category had an average return of -0.8%. 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 Lg/Flat Trend ETF has a trailing yield of 0.82%, which is below the 1.16% category average.
The fund normally distributes its income 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 Lg/Flat Trend ETF Grades
Year to date, the ETF has returned 9.8%, 0.2 percentage points better than the category, which translates into a grade of C. The fund has returned 18.9% over the past year (grade of C), 15.2% over the past three years (grade of D) and 8.9% per year over the past five years (grade of F).
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LFEQ 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 |
|
| LFEQ Return (NAV) | -0.1% | 4.1% | 18.9% | 15.2% | 8.9% | na |
| LFEQ Return (Price) | 0.0% | 4.2% | 18.7% | 15.3% | 8.9% | na |
| NAV +/- Price Return | -0.081% | -0.069% | 0.179% | -0.121% | -0.041% | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| LFEQ Grade (NAV) | C | D | C | D | F | na |
| +/- Category (NAV) | 0.8% | 0.4% | 1.3% | -2.3% | -2.3% | na |
| LFEQ Tax-Cost Ratio | na | na | 0.4% | 0.4% | 0.4% | na |
LFEQ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LFEQ Return (NAV) | 9.8% | 10.3% | 24.3% | 19.6% | -22.0% | 28.1% | 17.5% | 23.6% | -4.9% | na | na |
| LFEQ Return (Price) | 9.8% | 9.8% | 25.1% | 19.7% | -22.0% | 28.0% | 17.6% | 24.1% | -5.5% | na | na |
| NAV +/- Price Ret | 0.007% | -0.050% | 0.031% | 0.001% | 0.003% | -0.003% | 0.007% | 2.0% | 13.9% | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| LFEQ Grade (NAV) | C | F | B | D | F | B | C | F | C | na | na |
| +/- Category | 0.2% | -5.0% | 2.4% | -3.2% | -4.9% | 1.2% | -0.9% | -6.0% | 0.3% | na | na |
| Risk Measures | |
| Beta: | 0.94 |
| R-Squared: | 95% |
| Standard Deviation: | 12.6% |
| Category Risk Index: | 0.93 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.02 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.8% |
| Total Assets: | $ 28 Mil |
| Share Class Assets: | $ 28 Mil |
| Turnover: | 1.0% |
| Expense Ratio: | 0.58% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Schassler David (2024), Schafer Joseph (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 2 |
| % in Top 10 Holdings: | 99.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.5% |
Portfolio Allocation |
|
| Domestic Stock: | 98.6% |
| Foreign Stock: | 0.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | October 4, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.58% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.41% |
