Key stats
About VanEck Moody's Analytics IG Corporate Bond ETF
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Inception date
Dec 1, 2020
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
MIG tracks an index that uses Moodys owned credit risk metric to identify investment grade corporate bonds that exhibit a low risk of being downgraded, and offer an excess spread over its fair value. The underlying index is comprised of USD-denominated bonds issued in the US domestic market by US and non-US issuers. Weightings are capped at 25% per business sector and 5% per issuer of corporate bonds. Excess weights are redistributed proportionally across all other uncapped corporate bonds. Selected bonds must have a minimum of 12 months to final maturity to remain included in the index. Bonds downgraded to non-investment grade are removed from the index at each monthly rebalance.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.35%
Cash0.65%
Top 10 holdings
Dividends
Dividend payout history