FLOT - VanEck Floating Rate Notes ETF | Australian Fixed Income | Holdings

VanEck Blog & Insights

VanEck Australian Floating Rate ETF FLOT

Fund description: FLOT invests in a diversified portfolio of Australian dollar denominated Floating Rate Bonds with the aim of providing investment returns (before fees and costs) that closely track the returns of the Index.

Index description:  The Bloomberg AusBond Credit FRN 0+ Yr Index (BAFRN0) is a market value weighted index comprising floating rate bonds that are of investment grade quality. The index typically includes bonds issued by corporate entities such as the four largest banks in Australia, foreign banks, other lending institutions and Australian listed property trusts (A-REITs).

Country of domicile: Australia

 as at 26-Nov-21

  • Exchange

    ASX
  • ASX code

    FLOT
  • Bloomberg index code

    BAFRN0
  • Index provider

    Bloomberg
  • NAV

    $24.95
  • Units outstanding

    12,943,528
  • Net assets

    $322.9M
  • Number of holdings

    182
  • Inception date1

    05-Jul-17
  • ASX commencement

    07-Jul-17

1The date the ETF was seeded prior to quotation on ASX.

as at 26-Nov-21

Invest Now

Portfolio composition (%)
as at 26-Nov-21

  • Asset classes

    % of Fund net assets
  • Stocks

    0.00
  • Bonds

    99.96
  • Other

    0.00
  • Cash

    0.04
  • Total

    100.00

All holdings (%) Download all holdings as at 26-Nov-21

No. of holdings: 182
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
WESTPAC BANKING CORP
0.996
16-Nov-23
AA-
Australia
AUD
2.57
NATIONAL AUSTRALIA BANK LTD
0.810
21-Jan-25
AA-
Australia
AUD
2.47
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.042
06-Dec-23
AA-
Australia
AUD
2.05
NATIONAL AUSTRALIA BANK LTD
0.919
05-Jul-22
AA-
Australia
AUD
2.03
WESTPAC BANKING CORP
0.842
06-Mar-23
AA-
Australia
AUD
1.91
COMMONWEALTH BANK OF AUSTRALIA
0.922
25-Jul-22
AA-
Australia
AUD
1.90
COMMONWEALTH BANK OF AUSTRALIA
1.155
11-Jan-24
AA-
Australia
AUD
1.81
MACQUARIE BANK LTD
0.492
09-Dec-25
A
Australia
AUD
1.70
NATIONAL AUSTRALIA BANK LTD
0.461
24-Aug-26
AA-
Australia
AUD
1.69
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.946
09-May-23
AA-
Australia
AUD
1.56
ROYAL BANK OF CANADA/SYDNEY
1.042
24-Apr-23
AAA
Canada
AUD
1.47
WESTPAC BANKING CORP
1.155
07-Feb-22
AA-
Australia
AUD
1.43
BANK OF MONTREAL
1.234
17-Apr-23
AAA
Canada
AUD
1.35
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.145
08-Feb-24
AA-
Australia
AUD
1.35
WESTPAC BANKING CORP
0.772
31-Aug-22
AAA
Australia
AUD
1.31
NATIONAL AUSTRALIA BANK LTD
0.843
10-Feb-23
AA-
Australia
AUD
1.26
SUNCORP-METWAY LTD
0.501
24-Feb-26
A+
Australia
AUD
1.23
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.012
07-Mar-22
AA-
Australia
AUD
1.19
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.592
29-Aug-22
AA-
Australia
AUD
1.18
CANADIAN IMPERIAL BANK OF COMMERCE/SYDN
1.275
14-Apr-23
AAA
Australia
AUD
1.18
NATIONAL AUSTRALIA BANK LTD
0.933
19-Jun-24
AA-
Australia
AUD
1.18
MUFG BANK LTD/SYDNEY
0.890
15-Mar-22
A
Japan
AUD
1.17
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.794
16-Jan-25
AA-
Australia
AUD
1.14
UNITED OVERSEAS BANK LTD/SYDNEY
0.632
27-Oct-25
AA-
Singapore
AUD
1.13
WESTPAC BANKING CORP
0.926
16-Aug-24
AA-
Australia
AUD
1.13
BANK OF CHINA LTD/SYDNEY
1.034
17-Oct-22
A
China
AUD
1.08
UBS AG/AUSTRALIA
0.940
30-Jul-25
A+
Switzerland
AUD
1.05
SUMITOMO MITSUI BANKING CORP/SYDNEY
0.700
18-Aug-22
A
Japan
AUD
1.03
UBS AG/AUSTRALIA
0.912
08-Mar-23
A+
Switzerland
AUD
0.99
COMMONWEALTH BANK OF AUSTRALIA
0.976
16-Aug-23
AA-
Australia
AUD
0.98
NATIONAL AUSTRALIA BANK LTD
0.946
16-May-23
AA-
Australia
AUD
0.97
BANK OF NOVA SCOTIA/AUSTRALIA
0.992
07-Sep-23
A+
Canada
AUD
0.95
COMMONWEALTH BANK OF AUSTRALIA
1.144
17-Jan-22
AA-
Australia
AUD
0.92
CREDIT SUISSE AG/SYDNEY
1.163
26-May-23
A+
Switzerland
AUD
0.91
NATIONAL AUSTRALIA BANK LTD
1.053
26-Feb-24
AA-
Australia
AUD
0.90
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.654
16-Jan-23
AA-
Australia
AUD
0.89
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.804
18-Jan-23
AA-
Australia
AUD
0.86
WESTPAC BANKING CORP
0.852
27-Oct-22
AA-
Australia
AUD
0.84
CANADIAN IMPERIAL BANK OF COMMERCE/SYDN
0.562
01-Aug-22
AAA
Canada
AUD
0.84
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.925
08-Feb-22
AA-
Australia
AUD
0.84
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.782
29-Aug-24
AA-
Australia
AUD
0.83
COOPERATIEVE RABOBANK UA/AUSTRALIA
0.803
22-Sep-22
A+
Netherlands
AUD
0.83
TORONTO-DOMINION BANK/THE
1.025
10-Jul-24
A
Canada
AUD
0.79
NATIONAL AUSTRALIA BANK LTD
0.663
16-Mar-23
AAA
Australia
AUD
0.78
BANK OF QUEENSLAND LTD
0.841
27-Oct-26
BBB+
Australia
AUD
0.77
UBS AG/AUSTRALIA
0.740
30-Jul-23
A+
Switzerland
AUD
0.73
SUNCORP-METWAY LTD
0.850
30-Jul-24
A+
Australia
AUD
0.69
WESTPAC BANKING CORP
0.666
16-May-22
AA-
Australia
AUD
0.68
NATIONAL AUSTRALIA BANK LTD
0.947
26-Sep-23
AA-
Australia
AUD
0.66
MACQUARIE BANK LTD
0.763
21-Jun-22
A
Australia
AUD
0.65
SUMITOMO MITSUI BANKING CORP/SYDNEY
0.742
29-Nov-22
A
Japan
AUD
0.62
DBS BANK LTD
0.562
25-Oct-22
AAA
Singapore
AUD
0.62
MUFG BANK LTD/SYDNEY
0.497
26-Sep-24
A
Australia
AUD
0.62
ING BANK AUSTRALIA LTD
0.447
19-Aug-26
AAA
Australia
AUD
0.62
UNITED OVERSEAS BANK LTD/SYDNEY
0.420
27-Aug-26
AA-
Australia
AUD
0.62
WESTPAC BANKING CORP
1.182
24-Apr-24
AA-
Australia
AUD
0.60
EXPORT-IMPORT BANK OF KOREA
0.900
23-May-24
AA
South Korea
AUD
0.59
TOYOTA FINANCE AUSTRALIA LTD
0.567
26-Mar-24
A+
Australia
AUD
0.59
SVENSKA HANDELSBANKEN AB
0.712
31-May-22
AA-
Sweden
AUD
0.59
COMMONWEALTH BANK OF AUSTRALIA
0.940
31-Mar-22
AA-
Australia
AUD
0.58
METROPOLITAN LIFE GLOBAL FUNDING I
0.519
01-Dec-25
AA-
United States
AUD
0.57
SUMITOMO MITSUI BANKING CORP/SYDNEY
0.962
05-Jun-23
A
Japan
AUD
0.56
MACQUARIE BANK LTD
0.880
12-Feb-25
A
Australia
AUD
0.56
TORONTO-DOMINION BANK/THE
0.664
17-Mar-26
A
Canada
AUD
0.56
MEMBERS EQUITY BANK LTD
1.014
18-Jul-22
BBB+
Australia
AUD
0.55
INDUSTRIAL & COMMERCIAL BANK OF CHINA L
0.821
24-Feb-23
A
Australia
AUD
0.54
BANK OF QUEENSLAND LTD
1.109
14-May-25
AAA
Australia
AUD
0.54
CANADIAN IMPERIAL BANK OF COMMERCE
1.362
09-Jun-23
A
Canada
AUD
0.54
BENDIGO & ADELAIDE BANK LTD
0.862
12-Sep-22
BBB+
Australia
AUD
0.53
BANK OF MONTREAL
1.002
07-Sep-23
A+
Canada
AUD
0.53
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
0.670
23-May-22
AA-
Singapore
AUD
0.53
SVENSKA HANDELSBANKEN AB
0.997
27-Sep-23
AA-
Sweden
AUD
0.50
MIZUHO BANK LTD/SYDNEY
0.564
20-Oct-23
A
Japan
AUD
0.50
CHINA CONSTRUCTION BANK CORP/SYDNEY
0.592
11-Mar-24
A
Australia
AUD
0.50
SUNCORP-METWAY LTD
1.162
24-Apr-25
AAA
Australia
AUD
0.48
BANK OF QUEENSLAND LTD
1.064
18-Jul-24
BBB+
Australia
AUD
0.47
MIZUHO BANK LTD/SYDNEY
0.795
07-Aug-24
A
Japan
AUD
0.47
BANK OF COMMUNICATIONS CO LTD/SYDNEY
0.951
28-Oct-22
A-
China
AUD
0.47
BANK OF CHINA LTD/SYDNEY
0.840
18-Aug-23
A
China
AUD
0.47
NBN CO LTD
0.410
09-Sep-24
A+
Australia
AUD
0.47
TOYOTA FINANCE AUSTRALIA LTD
0.440
09-Sep-24
A+
Australia
AUD
0.47
DBS BANK LTD/AUSTRALIA
0.642
13-Sep-22
AA+
Singapore
AUD
0.45
HONGKONG & SHANGHAI BANKING CORP LTD-TH
0.847
27-Sep-24
AA-
United Kingdom
AUD
0.44
MACQUARIE GROUP LTD
1.170
15-Dec-22
BBB+
Australia
AUD
0.43
MIZUHO BANK LTD/SYDNEY
0.957
21-Feb-22
A
Japan
AUD
0.43
AGRICULTURAL BANK OF CHINA LTD/SYDNEY
0.887
26-Sep-22
A
China
AUD
0.42
LLOYDS BANKING GROUP PLC
1.313
20-Mar-23
BBB+
United Kingdom
AUD
0.41
UNITED OVERSEAS BANK LTD/SYDNEY
0.852
24-Jan-22
AA-
Singapore
AUD
0.40
BENDIGO & ADELAIDE BANK LTD
0.663
18-Jun-26
BBB+
Australia
AUD
0.40
BPCE SA
1.612
05-Jun-25
A
France
AUD
0.39
LIBERTY FINANCIAL PTY LTD
2.464
17-Mar-25
BBB-
Australia
AUD
0.38
BANK OF NOVA SCOTIA/AUSTRALIA
0.932
08-Sep-22
A+
Canada
AUD
0.37
COOPERATIEVE RABOBANK UA/AUSTRALIA
0.812
25-Jan-23
A+
Netherlands
AUD
0.36
UNITED ENERGY DISTRIBUTION PTY LTD
1.015
07-Feb-23
A-
United Kingdom
AUD
0.36
CITIBANK NA/SYDNEY
0.759
14-Nov-22
A+
United States
AUD
0.36
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
0.642
05-Dec-22
AA-
Singapore
AUD
0.34
INDUSTRIAL & COMMERCIAL BANK OF CHINA L
1.017
29-Mar-22
A
Australia
AUD
0.34
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.832
06-Dec-21
AA-
Australia
AUD
0.34
UBS AG/AUSTRALIA
0.513
26-Feb-26
A+
Australia
AUD
0.34
AUSGRID FINANCE PTY LTD
1.290
30-Oct-24
BBB+
Australia
AUD
0.33
BARCLAYS PLC
2.167
26-Jun-24
BBB
United Kingdom
AUD
0.32
COMMONWEALTH BANK OF AUSTRALIA
0.842
25-Apr-23
AA-
Australia
AUD
0.32
NEWCASTLE PERMANENT BUILDING SOCIETY LT
1.165
04-Feb-25
BBB
Australia
AUD
0.32
CITIBANK NA/SYDNEY
0.919
14-Nov-24
A+
Australia
AUD
0.31
KOREA DEVELOPMENT BANK/THE
0.792
29-Aug-24
AA
South Korea
AUD
0.31
SOCIETE GENERALE SA/SYDNEY
0.955
15-Jul-23
A
France
AUD
0.31
BENDIGO & ADELAIDE BANK LTD
1.092
25-Jan-23
BBB+
Australia
AUD
0.31
ETSA UTILITIES FINANCE PTY LTD
1.032
29-Aug-22
A-
Australia
AUD
0.31
WOORI BANK
0.762
23-Oct-23
A+
South Korea
AUD
0.31
BANK OF CHINA LTD/SYDNEY
1.264
20-Apr-22
A+
China
AUD
0.31
AGI FINANCE PTY LTD
1.024
08-Jan-26
BBB+
Australia
AUD
0.31
NEW YORK LIFE GLOBAL FUNDING
0.561
08-Sep-26
AA+
United States
AUD
0.31
HONGKONG & SHANGHAI BANKING CORP LTD-TH
0.460
28-May-24
AA-
Australia
AUD
0.31
MACQUARIE BANK LTD
0.157
14-Oct-22
A
Australia
AUD
0.31
COOPERATIEVE RABOBANK UA/AUSTRALIA
0.384
19-Apr-24
A+
Australia
AUD
0.31
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
0.300
12-Aug-24
AA-
Australia
AUD
0.31
HONGKONG & SHANGHAI BANKING CORP LTD-TH
0.812
07-Dec-22
AA-
United Kingdom
AUD
0.30
STANDARD CHARTERED PLC
1.867
28-Jun-25
BBB+
United Kingdom
AUD
0.29
CREDIT UNION AUSTRALIA LTD
1.162
24-Oct-24
BBB+
Australia
AUD
0.28
MCDONALD'S CORP
1.142
08-Mar-24
BBB+
United States
AUD
0.28
CREDIT UNION AUSTRALIA LTD
0.947
21-Feb-23
BBB+
Australia
AUD
0.28
NEW TERMINAL FINANCING CO PTY LTD
1.475
12-Jul-24
BBB
Australia
AUD
0.28
COOPERATIEVE RABOBANK UA/AUSTRALIA
1.095
03-Mar-22
A+
Netherlands
AUD
0.26
BANK OF QUEENSLAND LTD
1.113
03-Feb-23
BBB+
Australia
AUD
0.26
VERIZON COMMUNICATIONS INC
1.267
17-Feb-23
BBB+
United States
AUD
0.26
SUMITOMO MITSUI BANKING CORP/SYDNEY
1.162
05-Jun-25
A
Japan
AUD
0.25
BPCE SA
1.142
26-Apr-23
A
France
AUD
0.25
DBS GROUP HOLDINGS LTD
0.704
17-Jul-23
AA
Singapore
AUD
0.25
HYUNDAI CAPITAL SERVICES INC
1.320
30-Mar-22
BBB+
South Korea
AUD
0.25
SUNCORP-METWAY LTD
0.719
06-Apr-22
A+
Australia
AUD
0.25
BARCLAYS PLC
1.820
15-Jun-23
BBB
United Kingdom
AUD
0.24
AT&T INC
1.263
19-Sep-23
BBB
United States
AUD
0.24
KOREA DEVELOPMENT BANK/THE
1.014
19-Oct-23
AA
South Korea
AUD
0.22
KIWIBANK LTD
0.716
23-Sep-25
AAA
New Zealand
AUD
0.22
HERITAGE BANK LTD
0.860
12-Aug-22
BBB+
Australia
AUD
0.22
QNB FINANCE LTD
1.812
01-Feb-23
A
Qatar
AUD
0.20
AUSGRID FINANCE PTY LTD
1.149
05-Feb-24
BBB
Australia
AUD
0.20
SWEDBANK AB
1.227
17-Feb-22
A+
Sweden
AUD
0.20
EXPORT-IMPORT BANK OF KOREA
1.020
30-Oct-23
AA
South Korea
AUD
0.19
LIBERTY FINANCIAL PTY LTD
3.262
07-Mar-22
BBB-
Australia
AUD
0.19
BANK OF QUEENSLAND LTD
0.970
29-Apr-22
BBB+
Australia
AUD
0.19
BENDIGO & ADELAIDE BANK LTD
1.044
19-Jan-22
BBB+
Australia
AUD
0.19
BANK OF MONTREAL
1.034
17-Jul-24
A-
Canada
AUD
0.17
BANK OF QUEENSLAND LTD
1.170
30-Oct-24
BBB+
Australia
AUD
0.16
SUNCORP-METWAY LTD
0.782
13-Sep-23
AAA
Australia
AUD
0.16
SUNCORP-METWAY LTD
1.016
16-Aug-22
A+
Australia
AUD
0.16
KOREA DEVELOPMENT BANK/THE
0.640
25-Aug-23
AA
South Korea
AUD
0.16
VICTORIA POWER NETWORKS FINANCE PTY LTD
0.840
21-Apr-26
A-
Australia
AUD
0.16
BPCE SA
0.814
20-Apr-26
A
France
AUD
0.16
BANCO SANTANDER SA
0.875
15-Jul-26
A
Spain
AUD
0.16
BANK OF CHINA LTD/SYDNEY
0.631
28-Apr-24
A
Australia
AUD
0.16
UNITED OVERSEAS BANK LTD/SYDNEY
0.397
20-May-24
AA-
Australia
AUD
0.15
BENDIGO & ADELAIDE BANK LTD
0.533
02-Dec-25
BBB+
Australia
AUD
0.15
BANK OF QUEENSLAND LTD
0.675
06-May-26
BBB+
Australia
AUD
0.15
CANADIAN IMPERIAL BANK OF COMMERCE/SYDN
0.381
14-Sep-26
AAA
Canada
AUD
0.15
COMMONWEALTH BANK OF AUSTRALIA
0.426
23-Dec-26
AA-
Australia
AUD
0.15
TORONTO-DOMINION BANK/THE
1.277
14-Apr-23
AAA
Canada
AUD
0.14
BANK OF MONTREAL
0.939
06-Oct-22
A+
Canada
AUD
0.14
ANHEUSER-BUSCH INBEV WORLDWIDE INC
0.982
06-Sep-22
BBB+
Belgium
AUD
0.14
LIBERTY FINANCIAL PTY LTD
2.612
06-Mar-23
BBB-
Australia
AUD
0.13
COLES GROUP TREASURY PTY LTD
0.980
27-Aug-25
BBB+
Australia
AUD
0.13
KOREA EXPRESSWAY CORP
0.733
02-Sep-23
AA
South Korea
AUD
0.12
BANK OF CHINA LTD/SYDNEY
0.822
27-Oct-23
A
China
AUD
0.12
VODAFONE GROUP PLC
1.062
13-Dec-22
BBB
United Kingdom
AUD
0.12
AMP BANK LTD
1.070
30-Mar-22
BBB
Australia
AUD
0.12
NETWORK FINANCE CO PTY LTD
1.249
06-Dec-24
BBB+
Australia
AUD
0.11
NEWCASTLE PERMANENT BUILDING SOCIETY LT
1.692
24-Jan-22
BBB
Australia
AUD
0.10
LLOYDS BANKING GROUP PLC
1.412
07-Mar-25
BBB+
United Kingdom
AUD
0.10
EXPORT-IMPORT BANK OF KOREA
1.082
29-May-23
AA
South Korea
AUD
0.09
VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA
1.320
14-Sep-22
BBB+
Australia
AUD
0.09
BANK OF COMMUNICATIONS CO LTD/SYDNEY
0.847
29-Sep-23
A-
China
AUD
0.09
CHINA CONSTRUCTION BANK CORP/SYDNEY
0.946
24-Jun-22
A+
China
AUD
0.09
UNITED OVERSEAS BANK LTD/SYDNEY
0.572
25-Jul-22
AA-
Singapore
AUD
0.09
SHINHAN BANK CO LTD
0.897
29-Sep-25
A+
South Korea
AUD
0.08
BENDIGO & ADELAIDE BANK LTD
0.982
06-Sep-24
BBB+
Australia
AUD
0.08
TRANSURBAN QUEENSLAND FINANCE PTY LTD
2.063
16-Dec-24
BBB
Australia
AUD
0.06
BANQUE FEDERATIVE DU CREDIT MUTUEL SA
1.192
24-Oct-23
A
France
AUD
0.06
MUFG BANK LTD/SYDNEY
0.692
29-Aug-22
A
Japan
AUD
0.06
UNITED OVERSEAS BANK LTD/SYDNEY
0.494
16-Oct-23
AA-
Singapore
AUD
0.06
AUSTRALIAN POSTAL CORP
1.012
01-Dec-21
A+
Australia
AUD
0.06
SVENSKA HANDELSBANKEN AB
0.462
04-Mar-26
AA-
Sweden
AUD
0.06
EXPORT-IMPORT BANK OF KOREA
1.209
14-Feb-22
AA
South Korea
AUD
0.05
OTHER/CASH
--
--
AUD
0.04
Total 99.96

Source: Bloomberg. These are not recommendations to buy or to sell any security.

^Composite rating is an evenly weighted blend of a bond’s Moody’s, S&P and Fitch credit ratings when there are two or more. ‘NR’ means the bond has one ‘Investment Grade’ rating. The above ratings are not a credit opinion by VanEck on any bond or the Fund or a recommendation to buy any individual security.

– country of risk