FLOT
VanEck Australian Floating Rate ETF
FLOT
VanEck Australian Floating Rate ETF
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NAV$24.92
as at 17-Apr-24 -
Total Net Assets$682.49M
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Dividend FrequencyMonthly
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Management fee (p.a.)0.22%
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Number of securities195
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Inception Date05-Jul-17
Overview
Fund Description
Our floating rate bond ETF, FLOT invests in a diversified portfolio of Australian dollar denominated Floating Rate Bonds. This floating rate bond ETF aims to provide investment returns, before fees and other costs, that closely track the performance of the Index.
Key benefits
Dedicated Australian Floating Rate Notes (FRNs) market benchmark exposure
Access to a diversified portfolio of FRNs which represent the Bloomberg AusBond Credit FRN 0+ Yr Index
Potential to protect against rising rates
FRNs pay coupons (interest) that vary with short-term interest rates. Interest rates are reset periodically resulting in reduced duration (interest rate) risk
Yield premium
For an elevated risk FRNs typically offer a higher yield
Performance
Holdings & allocations
Dividends
Election of Dividend Reinvestment Plan (DRP)
You can elect DRP by logging into Link’s Investor Centre (https://investorcentre.linkmarketservices.com.au/Login). Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.