FLOT - VanEck Floating Rate Notes ETF | Australian Fixed Income | Portfolio Analytics

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 27-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 27-Nov-20

Fundamentals as of 27-Nov-20

  • Average maturity (years)

    2.02
  • Modified duration (years)

    0.13

3-year risk measures

  • Beta vs. The Bloomberg
    AusBond Credit FRN 0+ Yr Index (BAFRN0)

    --
  • Correlation vs. BAFRN0

    --
  • Volatility (standard deviation)

    --
  • Sharpe ratio

    --

Source: VanEck, FactSet.

BAFRN0 is the standard market benchmark for Australian Fixed Income.

Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the Fund performance and the market benchmark index performance. Volatility is the annualised standard deviation of the Fund's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the Fund's return less the risk free rate divided by the standard deviation.

Country weightings (%) as at 31-Oct-20

  • Country

    Weightings (%)
  • Australia

    62.1
  • Canada

    10.3
  • China

    5.5
  • Japan

    5.2
  • Switzerland

    4.2
  • Singapore

    3.6
  • South Korea

    2.3
  • United Kingdom

    1.5
  • United States

    1.4
  • Netherlands

    1.4
  • Other/Cash

    2.5
  • Total

    100.0

Portfolio composition (%)
as at 27-Nov-20

  • Asset classes

    % of Fund net assets
  • Stocks

    0.00
  • Bonds

    99.92
  • Other

    0.00
  • Cash

    0.08
  • Total

    100.00

Sector weightings (%) as at 31-Oct-20

  • Sector

    Weightings (%)
  • Banks

    94.7
  • Sovereign

    1.2
  • Electric

    1.2
  • Diversified Finan Serv

    0.6
  • Telecommunications

    0.6
  • Savings&Loans

    0.5
  • Transportation

    0.3
  • Retail

    0.2
  • Beverages

    0.2
  • Other/Cash

    0.5
  • Total

    100.0

Maturity (%) as at 31-Oct-20

Average Portfolio Maturity: 2.04 Years

Currency exposure (%)
as of 31-Oct-20

  • Australian Dollar

    99.91
  • Other/Cash

    0.09