VanEck Vectors Australian Corporate Bond Plus ETF

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VanEck Vectors Australian Corporate Bond Plus ETF PLUS

Fund description: PLUS invests in a diversified portfolio of Australian dollar denominated bonds consisting predominantly of the highest yielding investment grade corporate bonds issued in Australia with the aim of providing investment returns (before fees and other costs) that track the performance of the Markit iBoxx AUD Corporates Yield Plus Index.

Index description:  The Markit iBoxx AUD Corporates Yield Plus Index (IBXXAUY1) is designed to reflect the performance of the higher-yielding AUD denominated corporate bond market with credit ratings from AAA to BB-. Investment Grade bonds must make up at least 80% of the portfolio.

 as at 15-Jan-19

  • Exchange

    ASX
  • ASX code

    PLUS
  • Bloomberg index code

    IBXXAUY1
  • Index provider

    Markit Indices Limited
  • NAV

    $17.44
  • Units outstanding

    14,116,641
  • Net assets

    $246.2M
  • Number of holdings

    128
  • Inception date1

    09-May-17
  • ASX commencement

    11-May-17

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

as at 15-Jan-19

Key points

  • A diversified portfolio of predominantly investment grade corporate bonds offering enhanced yield.
  • Defensive position with low correlation to equities

Yields as of 14-Jan-19

  • Running yield

    4.04%
  • Yield to maturity

    3.43%

Fundamentals as of 14-Jan-19

  • Average credit rating

    --
  • Average maturity (years)

    5.14
  • Modified duration (years)

    4.44

Trading information

  • ASX code

    PLUS
  • IRESS code

    PLUS.AXW
  • Units outstanding

    14,116,641
  • ISIN

    AU00000PLUS3

Fees and other costs  

  • Management costs p.a.

    0.32%

Prices as at  15-Jan-19

NAV/
Last trade
Volume:
30-day avg/
Previous day
Daily change: NAV/
Last trade
YTD change:
NAV/
Last trade
Premium/
Discount
Premium/
Discount
Distribution charts
NAV &
Premium /Discount
History
NAV
Chart
PLUS $17.44
$17.46
33,981
33,228
$0.00 / -0.03%
$-0.03 / -0.17%
-0.69%
-0.57%
$0.02
+0.12%

View all indices » View all ETFs » Performance history (%)

1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. Inception p.a.
Price return 0.17 0.75 0.68 0.38 -- -- -- 0.84
Income return 0.86 0.87 1.69 3.52 -- -- -- 3.31
Total return 1.03 1.62 2.37 3.90 -- -- -- 4.15
Index (IBXXAUY1) 0.97 1.57 2.54 4.15 5.00 5.75 -- 4.37
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. Inception p.a.
Price return 0.17 0.75 0.68 0.38 -- -- -- 0.84
Income return 0.86 0.87 1.69 3.52 -- -- -- 3.31
Total return 1.03 1.62 2.37 3.90 -- -- -- 4.15
Index (IBXXAUY1) 0.97 1.57 2.54 4.15 5.00 5.75 -- 4.37

Top ten holdings (%) View all daily holdings » as at 31-Dec-18

No. of holdings: 127
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
AUSTRALIA & NEW ZEALAND BANKING GROUP L
4.000
22-Jul-26
AA
Australia
AUD
2.86
AUSNET SERVICES HOLDINGS PTY LTD
4.400
16-Aug-27
A
Australia
AUD
2.36
AUSGRID FINANCE PTY LTD
3.750
30-Oct-24
BBB
Australia
AUD
2.14
QANTAS AIRWAYS LTD
7.500
11-Jun-21
BBB
Australia
AUD
2.11
GOLDMAN SACHS GROUP INC/THE
4.700
08-Sep-21
A
U.S.
AUD
2.02
LLOYDS BANKING GROUP PLC
3.650
20-Mar-23
A
United Kingdom
AUD
2.00
VERIZON COMMUNICATIONS INC
4.500
17-Aug-27
BBB
U.S.
AUD
1.85
FBG FINANCE PTY LTD
3.750
06-Sep-24
A
Belgium
AUD
1.81
WSO FINANCE PTY LTD
4.500
31-Mar-27
A
Australia
AUD
1.78
METROPOLITAN LIFE GLOBAL FUNDING I
4.000
13-Jul-27
AA
U.S.
AUD
1.65
Top 10 Total (%) 20.58

Source: JP Morgan. 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

Country weightings (%) as at 31-Dec-18

  • Country

    Weightings (%)
  • AUSTRALIA

    63.6
  • UNITED STATES

    12.1
  • UNITED KINGDOM

    6.3
  • SOUTH KOREA

    4.9
  • UAE

    2.0
  • FRANCE

    1.8
  • CANADA

    1.6
  • DENMARK

    1.6
  • CAYMAN ISLANDS

    1.5
  • NEW ZEALAND

    1.5
  • Other/Cash

    3.1
  • Total

    100.0

Sector weightings (%) as at 31-Dec-18

  • Sector

    Weightings (%)
  • Banks

    29.6
  • Electric

    10.2
  • Telecommunications

    9.7
  • Transportation

    5.9
  • REITS

    5.1
  • Auto Manufacturers

    4.5
  • Commercial Services

    4.0
  • Real Estate

    3.8
  • Beverages

    3.8
  • Airlines

    3.3
  • Gas

    3.1
  • Engineering&Construction

    2.1
  • Insurance

    1.9
  • Sovereign

    1.9
  • Regional(state/provnc)

    1.6
  • Diversified Finan Serv

    1.5
  • Semiconductors

    1.3
  • Oil&Gas

    1.2
  • Machinery-Diversified

    1.2
  • Investment Companies

    1.2
  • Building Materials

    1.1
  • Food

    0.8
  • Pipelines

    0.5
  • Energy-Alternate Sources

    0.1
  • Other/Cash

    0.5
  • Total

    99.9

Maturity (%) as at 31-Dec-18

Average Portfolio Maturity: 5.18 Years