MIG

VanEck Moody's Analytics IG Corporate Bond ETF

$21.59

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The VanEck Moody's Analytics IG Corporate Bond ETF (MIG) seeks to track the performance of the Moody's Analytics Investment Grade (IG) Corporate Bond Index, which measures the performance of investment grade corporate bonds issued in the United States.

Overview

ETF tracking VanEck Moody's Analytics IG Corporate Bond ETF

Category Fixed Income

Issuer VanEck

Inception Date 2020-12-02

Market Cap $11.9M

Average Volume N/A

Dividend Yield 4.06%

52-Week Range $20.80 - $22.05

VWAP $21.62

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a representative sample of investment grade corporate bonds included in the underlying index, seeking to closely match the index's overall characteristics such as credit quality, sector, and maturity. The fund does not attempt to outperform the index but rather aims to provide investors with exposure to the investment grade corporate bond market.

✨ Key Features

Provides broad exposure to the investment grade corporate bond market
Tracks an index designed by Moody's Analytics to measure the performance of this asset class
Employs a passive, index-tracking investment approach
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the underlying corporate bonds
Liquidity risk: The corporate bond market may experience periods of reduced liquidity, which could affect the fund's ability to sell its holdings
Index tracking risk: The fund may not perfectly track the performance of its underlying index

👤 Best For

This ETF may be suitable for investors seeking broad exposure to the investment grade corporate bond market as part of a diversified fixed income allocation. It may be particularly appealing to investors focused on low-cost, passive index-based strategies.