VanEck Investment Grade Floating Rate ETF company info

What does VanEck Investment Grade Floating Rate ETF do?
VanEck Investment Grade Floating Rate ETF (NYSE:FLTR) focuses on providing investors with exposure to U.S. dollar-denominated floating rate notes primarily issued by corporations that are considered investment grade. The ETF aims to offer an income stream that adjusts in line with changes in interest rates, making it an attractive option for investors seeking to mitigate the impact of rising rates. FLTR's portfolio is diversified across various sectors, ensuring a broad exposure to different market dynamics. The objective of VanEck Investment Grade Floating Rate ETF is to pursue as high a level of current income as is consistent with the preservation of capital, making it suitable for conservative investors looking for relatively stable income opportunities in fluctuating rate environments.
VanEck Investment Grade Floating Rate ETF company media
Company Snapshot

Is VanEck Investment Grade Floating Rate ETF a public or private company?

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Ownership
Public

How many people does VanEck Investment Grade Floating Rate ETF employ?

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Employees
303

What sector is VanEck Investment Grade Floating Rate ETF in?

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Sector
ETF

Where is the head office for VanEck Investment Grade Floating Rate ETF?

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Head Office
New York, United States

What year was VanEck Investment Grade Floating Rate ETF founded?

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Year Founded
2011
What does VanEck Investment Grade Floating Rate ETF specialise in?
/Investment Grade /Floating Rate /Exchange Traded Fund /Financial Services /Capital Appreciation /Risk Management

What are the products and/or services of VanEck Investment Grade Floating Rate ETF?

Overview of VanEck Investment Grade Floating Rate ETF offerings
ETF Structure: GLT is an Exchange-Traded Fund (ETF) that tracks an index of investment-grade floating-rate securities. These are essentially debt instruments issued by corporations and governments where the interest rate adjusts periodically based on a benchmark rate, such as LIBOR or the prime rate.
Passive Management: GLT is passively managed, meaning it replicates the holdings of the underlying index and doesn't try to outperform it through security selection. The index provider determines the specific securities that are included in the index based on pre-defined criteria.
Exposure to Investment-Grade Debt: GLT focuses on investment-grade floating-rate securities, which are generally considered to be less risky than high-yield bonds (also known as junk bonds).
Income Potential: The floating-rate nature of the securities allows for potential income adjustments as interest rates change.
Diversification: By holding a basket of securities, GLT offers some level of diversification within the investment-grade floating-rate bond market.