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LFEQ
VanEck Long/Flat Trend ETF

Fund Description

VanEck Long/Flat Trend ETF (LFEQ®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ned Davis Research CMG US Large Cap Long/Flat Index (NDRCMGLF). The NDRCMGLF Index follows a proprietary model that determines when, and by how much, it allocates to U.S. equities and/or U.S. Treasury bills to seek to help avoid losses in declining markets or capitalize from rising markets. The model produces daily trade signals to determine the Index's equity allocation percentage (100%, 50%, or 0%).

 
 

  • Fund Ticker

    LFEQ
  • Exchange

    NYSE Arca
  • Index Total Return Ticker

    NDRCMGLF
  • Index Provider

    Ned Davis Research, Inc.
  • Administrator

    Van Eck Associates
  • Index Ticker

    NDRCMGLF
  • Inception Date

    10/04/2017

  as of 02/07/23

  • 30-Day SEC Yield1

    1.77%
  • Total Net Assets

    $26.2M
  • Number of Holdings

    1
  • Options

    No
  • Gross Expense Ratio2

    0.74%
  • Net Expense Ratio/TER2

    0.61%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/26/2023

Fund Highlights

  • Tactically allocates between S&P 500 equities and U.S. T-bills
    Based on a breadth model that measures 24 industries, in addition to the top line S&P 500 return

  • Seeks to minimize impact of market downturns and participate in uptrends
    Incorporates short, intermediate and long-term trend indicators, augmented by volatility and mean reversion inputs

  • Driven by the institutional expertise of Ned Davis Research
    One of the largest independent institutional investment research providers

Trading Information

  • Fund Ticker

    LFEQ
  • Index Total Return Ticker

    NDRCMGLF
  • NAV

    LFEQNV
  • Intraday NAV (IIV)4

    LFEQIV
  • Shares Outstanding

    725,000
  • Estimated Cash

    LFEQEU
  • Total Cash

    LFEQTC
  • CUSIP

    92189F148
  • ISIN

    US92189F1488
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.22%
  • Acquired Fund Fees and Expenses

    0.02%
  • Gross Expense Ratio

    0.74%
  • Fee Waivers and
    Expense Reimbursement

    -0.13%
  • Net Expense Ratio/TER2

    0.61%

Expenses for LFEQ are capped contractually at 0.55% until February 1, 2024. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 02/07/23

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
LFEQ $36.16
$36.17
3,618
1,656
$0.46 / +1.29%
$0.49 / +1.36%
+6.21%
+6.34%
$0.02
0.05%
0.11%

Premium/Discount History as of 02/07/23

Calendar Year 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Premium/Discount Charts NAV & Prem/Discount History
LFEQ Days closed at a premium 75 19 12 24 9
Days closed at NAV 40 7 10 16 11
Days closed at a discount 137 36 40 24 43

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) 3.96 3.97 3.96 -14.37 6.89 6.33 -- 8.03
LFEQ (Share Price) 4.13 4.02 4.13 -14.29 6.89 6.30 -- 8.05
NDRCMGLF (Index) 4.05 4.13 4.05 -13.70 7.65 7.02 -- 8.72
Performance Differential (NAV - Index) -0.09 -0.16 -0.09 -0.67 -0.76 -0.69 -- -0.69
S&P 500 Index 6.28 5.76 6.28 -8.22 9.88 9.54 12.68 11.26
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/17
LFEQ (NAV) -2.88 2.65 -21.98 -21.98 5.48 6.73 -- 7.37
LFEQ (Share Price) -2.85 2.59 -22.05 -22.05 5.46 6.65 -- 7.35
NDRCMGLF (Index) -2.85 2.83 -21.35 -21.35 6.22 7.36 -- 8.05
Performance Differential (NAV - Index) -0.03 -0.18 -0.63 -0.63 -0.74 -0.63 -- -0.68
S&P 500 Index -5.76 7.56 -18.11 -18.11 7.66 9.42 12.56 10.16

Daily Holdings (%) as of 02/07/23

Download All Holdings
Total Holdings: 1
Ticker
Holding Name % of Net
Assets
Identifier (FIGI)
Shares
Asset Class Market Value
(US$)
Notional Value
VOO US
Vanguard S&P 500 ETF 99.96
BBG0015VYNT4
68,682
Stock 26,203,557 --
--
Other/Cash 0.04
--
0
Cash 10,805 --
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