VanEck Moody's Analytics BBB Corporate Bond ETF

VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) tracks an index of US dollar corporate bonds rated BBB, the lowest tier of investment grade. Its index uses Moody's Analytics credit models to drop bonds most likely to be downgraded to junk and keep those that look attractively priced. It costs 0.25% a year, against a 0.07% average for similar funds, and held only $4.7 million in assets as of July 31, 2026.

• Over the year to Oct 27, 2026, MBBB returned -2.3%, 7th of 8 among similar funds.
• Its 5-year annualized return was +0.4%.
• Its worst full calendar year was 2022 (-15.0%); its best was 2023 (+9.7%).
• The deepest fall in its price history was 21.7% (Sep 22, 2021 to Oct 20, 2022), recovered by Aug 1, 2025.

As of Jul 31, 2026, the fund held 154 securities; the ten largest made up 14% of assets, and 2.82% sat in cash and money-market holdings.

The bonds mature in 10.1 years on average (weighted by size), with an average coupon of 4.42%.

• Over the three months to Jul 31, 2026, investors withdrew a net $3.7M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.80%, +0.06%, -1.46%.

MBBB tracks the MVIS Moody's Analytics US BBB Corporate Bond Index. The index holds US dollar corporate bonds from US and foreign companies with a BBB composite rating, which is an average of several rating agencies' grades. BBB is the lowest tier of investment grade. Using Moody's Analytics credit models, the index keeps bonds that look attractively valued and drops those judged most likely to be cut to junk (below investment grade). As of June 30, 2026, the index held 358 bonds from 99 issuers. About 19% were Rule 144A bonds, which are sold privately to large institutions and can be harder to trade.

The fund is passive and keeps at least 80% of its assets in index bonds. It uses sampling, which means it holds a subset of the index's bonds chosen to match the index's risk and return. It had 154 holdings as of July 31, 2026, and the largest was an AT&T bond at about 1.9%. It does not try to beat the index or turn defensive in rough markets.

Bonds upgraded or downgraded out of the BBB tier leave the index at the end of that month, at the next scheduled rebalance. So a bond cut to junk can stay in the fund until month-end. Portfolio turnover, roughly the share of holdings replaced in a year, was 60%. The average bond had 10.1 years to maturity as of July 31, 2026, so prices react noticeably to interest-rate changes.

• MBBB charges 0.25% a year, versus an average of 0.07% for the similar funds below (8th of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $26 in the first year and $318 over 10 years (assuming a 5% annual return).

It holds BBB-rated corporate bonds and pays income monthly, with a yield of 5.36% over the 12 months to October 27, 2026.

MBBB pays monthly. Its yield over the 12 months to October 27, 2026 was 5.36%. It launched in December 2020, so it has no record from the 2008 crisis or the 2020 COVID crash. In the 2022 bear market it fell 18.9% and took about 23 months to recover. 2022 was its worst calendar year, down 15.02%. Its deepest drop, 21.7% from September 2021 to October 2022, took about 33 months to recover. Anyone withdrawing money during that stretch would have done so at depressed prices. BBB bonds also face more risk of downgrade in an economic downturn.

Cost is a drag. The fund charges 0.25% a year, against a 0.07% average for similar funds. In the SEC's standard example, $10,000 would pay $318 in costs over 10 years. Assets were $4.7 million as of July 31, 2026, and small funds are more likely to close. Past results don't predict the future, and a plan needs to weigh the whole portfolio, not one fund.

Matched by bond funds with the closest average maturity and issuer mix (N-PORT).