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

VanEck Blog & Insights

VanEck Vectors 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-20

  • Exchange

    ASX
  • ASX code

    FLOT
  • Bloomberg index code

    BAFRN0
  • Index provider

    Bloomberg
  • NAV

    $25.16
  • Units outstanding

    11,262,796
  • Net assets

    $283.4M
  • Number of holdings

    188
  • 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-20

Portfolio composition (%)
as at 25-Nov-20

  • Asset classes

    % of Fund net assets
  • Stocks

    0.00
  • Bonds

    99.93
  • Other

    0.00
  • Cash

    0.07
  • Total

    100.00

All holdings (%) Download all holdings as at 25-Nov-20

No. of holdings: 188
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
COMMONWEALTH BANK OF AUSTRALIA
1.210
11-Jan-24
AA-
Australia
AUD
2.17
WESTPAC BANKING CORP
0.970
16-Nov-23
AA-
Australia
AUD
2.02
WESTPAC BANKING CORP
0.920
06-Mar-23
AA-
Australia
AUD
1.98
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.921
09-May-23
AA-
Australia
AUD
1.87
NATIONAL AUSTRALIA BANK LTD
1.000
05-Jul-22
AA-
Australia
AUD
1.86
NATIONAL AUSTRALIA BANK LTD
0.850
21-Jan-25
AA-
Australia
AUD
1.73
WESTPAC BANKING CORP
1.131
07-Feb-22
AA-
Australia
AUD
1.72
WESTPAC BANKING CORP
1.260
03-Jun-21
AA-
Australia
AUD
1.64
WESTPAC BANKING CORP
0.850
31-Aug-22
AAA
Australia
AUD
1.61
NATIONAL AUSTRALIA BANK LTD
1.130
21-Oct-21
AA-
Australia
AUD
1.60
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.121
08-Feb-24
AA-
Australia
AUD
1.56
COMMONWEALTH BANK OF AUSTRALIA
0.870
17-Nov-21
AAA
Australia
AUD
1.53
ROYAL BANK OF CANADA/SYDNEY
1.340
03-Feb-21
AA-
Canada
AUD
1.52
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.660
18-Jan-21
AA-
Australia
AUD
1.45
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.150
16-Aug-21
AA-
Australia
AUD
1.39
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.860
29-Aug-24
AA-
Australia
AUD
1.39
NATIONAL AUSTRALIA BANK LTD
0.920
16-May-23
AA-
Australia
AUD
1.37
NATIONAL AUSTRALIA BANK LTD
0.828
10-Feb-23
AA-
Australia
AUD
1.34
COMMONWEALTH BANK OF AUSTRALIA
0.950
16-Aug-23
AA-
Australia
AUD
1.33
WESTPAC BANKING CORP
0.900
16-Aug-24
AA-
Australia
AUD
1.23
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.830
16-Jul-21
AA-
Australia
AUD
1.19
COMMONWEALTH BANK OF AUSTRALIA
1.230
18-Jan-21
AA-
Australia
AUD
1.19
NATIONAL AUSTRALIA BANK LTD
1.190
12-May-21
AA-
Australia
AUD
1.17
ROYAL BANK OF CANADA/SYDNEY
1.060
24-Apr-23
AAA
Canada
AUD
1.15
MACQUARIE BANK LTD
0.860
12-Feb-25
A+
Australia
AUD
1.11
MACQUARIE BANK LTD
0.840
21-Jun-22
A+
Australia
AUD
1.10
BANK OF MONTREAL
1.280
17-Apr-23
AAA
Canada
AUD
1.08
UBS AG/AUSTRALIA
0.927
30-Jul-25
A+
Switzerland
AUD
1.05
NATIONAL AUSTRALIA BANK LTD
1.010
26-Sep-23
AA-
Australia
AUD
1.01
UBS AG/AUSTRALIA
0.770
30-Jul-23
A+
Switzerland
AUD
0.98
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.850
18-Jan-23
AA-
Australia
AUD
0.95
COMMONWEALTH BANK OF AUSTRALIA
0.940
25-Jul-22
AA-
Australia
AUD
0.93
SUMITOMO MITSUI BANKING CORP/SYDNEY
0.710
28-May-21
A
Japan
AUD
0.92
CREDIT SUISSE AG/SYDNEY
1.255
26-May-23
A
Switzerland
AUD
0.90
BANK OF NOVA SCOTIA/AUSTRALIA
1.071
07-Sep-23
A+
Canada
AUD
0.88
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.840
16-Jan-25
AA-
Australia
AUD
0.87
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.120
06-Dec-23
AA-
Australia
AUD
0.85
UBS AG/AUSTRALIA
0.991
08-Mar-23
A+
Switzerland
AUD
0.85
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.281
07-Apr-21
AA-
Australia
AUD
0.83
SUMITOMO MITSUI BANKING CORP/SYDNEY
0.680
18-Aug-22
A
Japan
AUD
0.82
NATIONAL AUSTRALIA BANK LTD
1.010
19-Jun-24
AA-
Australia
AUD
0.82
MUFG BANK LTD/SYDNEY
0.963
15-Mar-22
A
Japan
AUD
0.80
INDUSTRIAL & COMMERCIAL BANK OF CHINA L
1.080
23-Apr-21
A
China
AUD
0.80
SUNCORP-METWAY LTD
0.837
30-Jul-24
A+
Australia
AUD
0.79
BANK OF CHINA LTD/SYDNEY
1.050
15-Nov-21
A
China
AUD
0.78
BANK OF CHINA LTD/SYDNEY
1.080
17-Oct-22
A
China
AUD
0.77
TORONTO-DOMINION BANK/THE
1.080
10-Jul-24
A
Canada
AUD
0.75
NATIONAL AUSTRALIA BANK LTD
1.145
26-Feb-24
AA-
Australia
AUD
0.75
TORONTO-DOMINION BANK/THE
0.820
20-Sep-21
AA-
Canada
AUD
0.74
MUFG BANK LTD/SYDNEY
0.950
20-Sep-21
A
Japan
AUD
0.73
CANADIAN IMPERIAL BANK OF COMMERCE
0.641
07-Dec-20
AAA
Canada
AUD
0.71
COMMONWEALTH BANK OF AUSTRALIA
1.190
17-Jan-22
AA-
Australia
AUD
0.70
DBS BANK LTD/AUSTRALIA
0.720
13-Sep-22
AA-
Singapore
AUD
0.69
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.090
07-Mar-22
AA-
Australia
AUD
0.69
WESTPAC BANKING CORP
0.870
27-Oct-22
AA-
Australia
AUD
0.68
WESTPAC BANKING CORP
0.790
25-Oct-21
AA-
Australia
AUD
0.67
EXPORT-IMPORT BANK OF KOREA
0.868
23-May-24
AA
South Korea
AUD
0.64
BANK OF QUEENSLAND LTD
1.090
14-May-25
AAA
Australia
AUD
0.62
CANADIAN IMPERIAL BANK OF COMMERCE
1.440
09-Jun-23
A
Canada
AUD
0.61
UNITED OVERSEAS BANK LTD/SYDNEY
0.650
27-Oct-25
AA-
Singapore
AUD
0.59
BANK OF QUEENSLAND LTD
1.110
03-Feb-23
BBB+
Australia
AUD
0.59
ING BANK AUSTRALIA LTD
0.670
07-Sep-21
AAA
Netherlands
AUD
0.59
CANADIAN IMPERIAL BANK OF COMMERCE
1.180
19-Apr-21
AAA
Canada
AUD
0.58
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.700
16-Jan-23
AA-
Australia
AUD
0.57
DBS BANK LTD/AUSTRALIA
0.738
23-Aug-21
AA-
Singapore
AUD
0.57
BENDIGO & ADELAIDE BANK LTD
0.940
12-Sep-22
BBB+
Australia
AUD
0.54
BANK OF QUEENSLAND LTD
0.955
29-Apr-22
BBB+
Australia
AUD
0.53
SUNCORP-METWAY LTD
0.800
06-Apr-22
A+
Australia
AUD
0.53
MIZUHO BANK LTD/SYDNEY
0.928
21-Feb-22
A
Japan
AUD
0.50
SUNCORP-METWAY LTD
1.460
12-Apr-21
A+
Australia
AUD
0.50
HONGKONG & SHANGHAI BANKING CORP LTD-TH
0.750
16-Aug-21
AA-
United Kingdom
AUD
0.48
TORONTO-DOMINION BANK/THE
1.510
22-Dec-20
AA-
Canada
AUD
0.46
HONGKONG & SHANGHAI BANKING CORP LTD-TH
0.910
27-Sep-24
AA-
United Kingdom
AUD
0.46
UNITED OVERSEAS BANK LTD/SYDNEY
0.870
24-Jan-22
AA-
Singapore
AUD
0.46
LLOYDS BANKING GROUP PLC
1.390
20-Mar-23
BBB+
United Kingdom
AUD
0.46
COMMONWEALTH BANK OF AUSTRALIA
1.290
12-Jul-21
AA-
Australia
AUD
0.44
AGRICULTURAL BANK OF CHINA LTD/SYDNEY
0.950
26-Sep-22
A
China
AUD
0.44
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
0.810
06-Sep-21
AA-
Singapore
AUD
0.44
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
0.760
23-Apr-21
AA-
Singapore
AUD
0.44
SVENSKA HANDELSBANKEN AB
0.790
31-May-22
AA-
Sweden
AUD
0.43
LIBERTY FINANCIAL PTY LTD
2.690
06-Mar-23
BBB-
Australia
AUD
0.42
BANK OF NOVA SCOTIA/AUSTRALIA
1.011
08-Sep-22
A+
Canada
AUD
0.41
COOPERATIEVE RABOBANK UA/AUSTRALIA
0.890
22-Sep-22
A+
Netherlands
AUD
0.41
CITIBANK NA/SYDNEY
0.740
14-Nov-22
A+
United States
AUD
0.41
BANK OF MONTREAL
0.861
07-Sep-21
A+
Canada
AUD
0.39
MIZUHO BANK LTD/SYDNEY
0.590
20-Oct-23
A
Japan
AUD
0.39
COOPERATIEVE RABOBANK UA/AUSTRALIA
1.170
03-Mar-22
A+
Netherlands
AUD
0.38
COMMONWEALTH BANK OF AUSTRALIA
1.021
31-Mar-22
AA-
Australia
AUD
0.38
MUFG BANK LTD/SYDNEY
1.090
09-Mar-21
A
Japan
AUD
0.37
AUSGRID FINANCE PTY LTD
1.277
30-Oct-24
BBB+
Australia
AUD
0.37
NEWCASTLE PERMANENT BUILDING SOCIETY LT
1.181
04-Feb-25
BBB
Australia
AUD
0.36
SVENSKA HANDELSBANKEN AB
1.060
27-Sep-23
AA-
Sweden
AUD
0.36
BENDIGO & ADELAIDE BANK LTD
1.110
25-Jan-23
BBB+
Australia
AUD
0.36
SOCIETE GENERALE SA/SYDNEY
1.015
15-Jul-23
A
France
AUD
0.36
KOREA DEVELOPMENT BANK/THE
0.870
29-Aug-24
AA
South Korea
AUD
0.36
SUMITOMO MITSUI BANKING CORP/SYDNEY
0.820
29-Nov-22
A
Japan
AUD
0.36
BANK OF CHINA LTD/SYDNEY
0.820
18-Aug-23
A
China
AUD
0.35
COOPERATIEVE RABOBANK UA/AUSTRALIA
1.590
04-Mar-21
A+
Netherlands
AUD
0.35
STANDARD CHARTERED PLC
1.930
28-Jun-25
BBB+
United Kingdom
AUD
0.32
MIZUHO BANK LTD/SYDNEY
0.771
07-Aug-24
A
Japan
AUD
0.32
GOLDMAN SACHS GROUP INC/THE
1.461
08-Sep-21
BBB+
United States
AUD
0.32
CREDIT UNION AUSTRALIA LTD
0.918
21-Feb-23
BBB+
Australia
AUD
0.32
BANK OF QUEENSLAND LTD
1.040
16-Nov-21
BBB+
Australia
AUD
0.32
CANADIAN IMPERIAL BANK OF COMMERCE/SYDN
0.554
01-Aug-22
AAA
Canada
AUD
0.32
MACQUARIE GROUP LTD
1.243
15-Dec-22
BBB+
Australia
AUD
0.32
AMP BANK LTD
1.151
30-Mar-22
BBB
Australia
AUD
0.32
NEW TERMINAL FINANCING CO PTY LTD
1.530
12-Jul-24
BBB
Australia
AUD
0.31
AUSGRID FINANCE PTY LTD
1.122
05-Feb-24
BBB
Australia
AUD
0.30
CREDIT SUISSE AG/SYDNEY
2.040
09-Mar-21
A+
Switzerland
AUD
0.30
SUMITOMO MITSUI BANKING CORP/SYDNEY
1.040
05-Jun-23
A
Japan
AUD
0.29
BPCE SA
1.160
26-Apr-23
A+
France
AUD
0.29
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.910
06-Dec-21
AA-
Australia
AUD
0.29
BANK OF COMMUNICATIONS CO LTD/SYDNEY
1.110
25-Oct-21
A-
China
AUD
0.28
DBS GROUP HOLDINGS LTD
0.770
17-Jul-23
AA-
Singapore
AUD
0.28
UNITED OVERSEAS BANK LTD/SYDNEY
0.590
25-Jul-22
AA-
Singapore
AUD
0.28
BANK OF MONTREAL
1.020
06-Oct-22
A+
Canada
AUD
0.27
NATIONAL AUSTRALIA BANK LTD
0.751
16-Mar-23
AAA
Australia
AUD
0.27
BPCE SA
1.690
05-Jun-25
A+
France
AUD
0.26
KOREA DEVELOPMENT BANK/THE
1.060
19-Oct-23
AA
South Korea
AUD
0.25
KIWIBANK LTD
0.790
23-Sep-25
AAA
New Zealand
AUD
0.25
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.670
29-Aug-22
AA-
Australia
AUD
0.25
HERITAGE BANK LTD
0.840
12-Aug-22
BBB+
Australia
AUD
0.25
COMMONWEALTH BANK OF AUSTRALIA
0.750
16-Aug-21
AA-
Australia
AUD
0.25
BANK OF MONTREAL
1.081
07-Sep-23
A+
Canada
AUD
0.25
COOPERATIEVE RABOBANK UA/AUSTRALIA
0.830
25-Jan-23
A+
Netherlands
AUD
0.23
HONGKONG & SHANGHAI BANKING CORP LTD-TH
0.890
07-Dec-22
AA-
United Kingdom
AUD
0.23
UNITED ENERGY DISTRIBUTION PTY LTD
0.991
07-Feb-23
A-
United Kingdom
AUD
0.23
SHINHAN BANK CO LTD
1.190
17-Mar-21
A+
South Korea
AUD
0.23
QNB FINANCE LTD
1.804
01-Feb-23
A
Qatar
AUD
0.23
EXPORT-IMPORT BANK OF KOREA
1.007
30-Oct-23
AA
South Korea
AUD
0.22
MCDONALD'S CORP
1.221
08-Mar-24
BBB+
United States
AUD
0.22
LIBERTY FINANCIAL PTY LTD
3.340
07-Mar-22
BBB-
Australia
AUD
0.22
BENDIGO & ADELAIDE BANK LTD
1.090
19-Jan-22
BBB+
Australia
AUD
0.21
CHINA CONSTRUCTION BANK CORP/SYDNEY
1.010
24-Jun-22
A+
China
AUD
0.21
SVENSKA HANDELSBANKEN AB
1.601
02-Mar-21
AA
Sweden
AUD
0.21
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
0.638
23-May-22
AA-
Singapore
AUD
0.21
VERIZON COMMUNICATIONS INC
1.240
17-Feb-23
BBB+
United States
AUD
0.21
AMP BANK LTD
1.370
24-May-21
BBB
Australia
AUD
0.21
NATIONAL AUSTRALIA BANK LTD
0.780
16-Apr-21
AA-
Australia
AUD
0.20
BANK OF MONTREAL
1.080
17-Jul-24
A-
Canada
AUD
0.20
AMP BANK LTD
1.171
10-Sep-21
BBB
Australia
AUD
0.19
BARCLAYS PLC
2.230
26-Jun-24
BBB
United Kingdom
AUD
0.18
SUNCORP-METWAY LTD
1.180
24-Apr-25
AAA
Australia
AUD
0.18
SUNCORP-METWAY LTD
0.860
13-Sep-23
AAA
Australia
AUD
0.18
SUNCORP-METWAY LTD
0.990
16-Aug-22
A+
Australia
AUD
0.18
BANK OF COMMUNICATIONS CO LTD/SYDNEY
0.950
28-Oct-22
A-
China
AUD
0.18
BANK AUSTRALIA LTD
1.390
30-Aug-21
BBB
Australia
AUD
0.18
TELSTRA CORP LTD
0.900
19-Apr-21
A-
Australia
AUD
0.18
COMMONWEALTH BANK OF AUSTRALIA
0.860
25-Apr-23
AA-
Australia
AUD
0.16
ANHEUSER-BUSCH INBEV WORLDWIDE INC
1.061
06-Sep-22
BBB+
Belgium
AUD
0.16
SWEDBANK AB
1.200
17-Feb-22
A+
Sweden
AUD
0.16
TEACHERS MUTUAL BANK LTD
1.460
02-Jul-21
BBB+
Australia
AUD
0.16
WESTPAC BANKING CORP
1.200
24-Apr-24
AA-
Australia
AUD
0.15
EXPORT-IMPORT BANK OF KOREA
1.160
29-May-23
AA
South Korea
AUD
0.14
CREDIT UNION AUSTRALIA LTD
1.180
24-Oct-24
BBB+
Australia
AUD
0.14
CREDIT UNION AUSTRALIA LTD
1.340
06-Sep-21
BBB+
Australia
AUD
0.14
MEMBERS EQUITY BANK LTD
1.060
18-Jul-22
BBB
Australia
AUD
0.14
COLES GROUP TREASURY PTY LTD
1.062
27-Aug-25
BBB+
Australia
AUD
0.14
ETSA UTILITIES FINANCE PTY LTD
1.110
29-Aug-22
A-
Australia
AUD
0.14
WESTPAC BANKING CORP
0.640
16-May-22
AA-
Australia
AUD
0.14
SUNCORP-METWAY LTD
1.200
22-Jun-21
AAA
Australia
AUD
0.14
KOREA EXPRESSWAY CORP
0.810
02-Sep-23
AA
South Korea
AUD
0.14
BANK OF CHINA LTD/SYDNEY
0.840
27-Oct-23
A
China
AUD
0.14
BANK OF CHINA LTD/SYDNEY
1.110
17-Apr-21
A
China
AUD
0.14
VODAFONE GROUP PLC
1.140
13-Dec-22
BBB
United Kingdom
AUD
0.14
NETWORK FINANCE CO PTY LTD
1.329
06-Dec-24
BBB+
Australia
AUD
0.12
NEWCASTLE PERMANENT BUILDING SOCIETY LT
1.710
24-Jan-22
BBB
Australia
AUD
0.11
BANK OF COMMUNICATIONS CO LTD/SYDNEY
0.920
29-Sep-23
A-
China
AUD
0.11
LLOYDS BANKING GROUP PLC
1.490
07-Mar-25
BBB+
United Kingdom
AUD
0.11
EXPORT-IMPORT BANK OF KOREA
1.220
19-Feb-21
AA
South Korea
AUD
0.11
HYUNDAI CAPITAL SERVICES INC
1.401
30-Mar-22
BBB+
South Korea
AUD
0.11
SHINHAN BANK CO LTD
0.970
29-Sep-25
A+
South Korea
AUD
0.10
BARCLAYS PLC
1.900
15-Jun-23
BBB
United Kingdom
AUD
0.09
AT&T INC
1.340
19-Sep-23
BBB
United States
AUD
0.09
UBS AG/AUSTRALIA
0.791
08-Mar-21
A+
Switzerland
AUD
0.09
TRANSURBAN QUEENSLAND FINANCE PTY LTD
2.140
16-Dec-24
BBB
Australia
AUD
0.07
SUMITOMO MITSUI BANKING CORP/SYDNEY
1.240
05-Jun-25
A
Japan
AUD
0.07
BANQUE FEDERATIVE DU CREDIT MUTUEL SA
1.210
24-Oct-23
A
France
AUD
0.07
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
0.720
05-Dec-22
AA-
Singapore
AUD
0.07
AUSTRALIAN POSTAL CORP
1.100
01-Dec-21
A+
Australia
AUD
0.07
BENDIGO & ADELAIDE BANK LTD
1.540
20-Apr-21
BBB+
Australia
AUD
0.07
UNITED OVERSEAS BANK LTD/SYDNEY
0.540
16-Oct-23
AA-
Singapore
AUD
0.07
NEWCASTLE PERMANENT BUILDING SOCIETY LT
1.421
06-Feb-23
BBB
Australia
AUD
0.06
EXPORT-IMPORT BANK OF KOREA
1.190
14-Feb-22
AA
South Korea
AUD
0.05
BANK OF CHINA LTD/SYDNEY
1.310
20-Apr-22
A
China
AUD
0.04
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.901
08-Feb-22
AA-
Australia
AUD
0.04
UNITED OVERSEAS BANK LTD/SYDNEY
0.910
06-Apr-21
AA-
Singapore
AUD
0.04
BANK OF QUEENSLAND LTD
1.071
10-Mar-21
BBB+
Australia
AUD
0.02
OTHER/CASH
--
--
AUD
0.07
Total 99.99

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