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MIG
VanEck Moody’s Analytics IG Corporate Bond ETF

Index Key Points

Underlying Index:

MVIS Moody’s Analytics US Investment Grade Corporate Bond Index (“US IG Index”)

Index Composition:

The MVIS Moody’s Analytics US Investment Grade Corporate Bond Index is designed to track the performance of U.S. dollar-denominated investment grade corporate bonds that offer a high excess spread over fair value, while excluding bonds exhibiting the highest probability of being downgraded to non-investment grade, based on proprietary credit risk metrics developed by Moody’s Analytics, Inc.

Weighting:

  • Modified market cap weighting
  • Single issuer exposure is capped at 3%
  • Sector exposure is capped at 25%

Index Provider: MarketVector Indexes

Index Profile

  • Ticker

    MVCI

  • Inception Date

    11/13/2020

  • Rebalance Frequency

    Monthly

Index Fundamentals4 as of 03/30/23

  • Yield to Worst

    5.75%

  • Yield to Maturity

    5.76%

  • Effective Duration (yrs)

    6.40

  • Modified Duration (yrs)

    6.44

  • Spread Duration (yrs)

    6.51

  • Years to Maturity

    10.13

  • Coupon

    3.79%
 4See Important Disclosure for definitions.

Index Top 10 Constituents (%) as of 02/28/23

Total Constituents: 484
Constituent Name
Coupon
 Maturity Weightings (%)
At&T Inc
0.000
 09/15/2059 0.93
Bank Of America Corp
0.000
 07/22/2028 0.61
Pacific Gas & Electric
0.000
 07/01/2030 0.56
Saudi Arabian Oil Co
0.000
 04/16/2029 0.53
Saudi Arabian Oil Co
0.000
 04/16/2039 0.52
Saudi Arabian Oil Co
0.000
 04/16/2049 0.50
Hsbc Holdings Plc
5.402
 08/11/2033 0.49
Pacific Gas & Electric
0.000
 07/01/2050 0.49
T-Mobile Usa Inc
3.875
 04/15/2030 0.49
Thermo Fisher Scientific
0.000
 10/18/2024 0.48
Top 10 Total (%) 5.59
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%)
as of 02/28/23

Country % of Net Assets
● United States 65.33
● United Kingdom 7.29
● Canada 6.23
● France 6.06
● Switzerland 4.35
● Saudi Arabia 3.00
● Netherlands 1.29
● Italy 0.95
● Denmark 0.81
● India 0.79
● Germany 0.77
● Japan 0.77
● Guernsey 0.48
● Mexico 0.47
● Taiwan Region 0.38
● China 0.37
● Panama 0.25
● Norway 0.24
● Bermuda 0.15

Index Sector Weightings (%)
as of 02/28/23

Sector % of Net Assets
● Financials 33.9
● Technology 18.2
● Consumer Non-Cyclicals 16.1
● Consumer Cyclicals 8.9
● Utilities 5.3
● Energy 5.3
● Healthcare 4.5
● Industrials 3.8
● Real Estate 2.8
● Basic Materials 1.0
● OTHER 0.4

Index Credit Quality (%)† as of 02/28/23

Composite % of Net Assets
Investment Grade AA 6.07
A 22.21
BBB 56.25
Non-Investment Grade BB 10.94
Total Investment Grade -- 84.54
Total Non-Investment Grade -- 10.94
Not Rated -- 4.53

Maturity (%)
as of 02/28/23

Average Maturity: 10.14 Years

Maturity (%)

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