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 22-Feb-19

  • Exchange

    ASX
  • ASX code

    PLUS
  • Bloomberg index code

    IBXXAUY1
  • Index provider

    Markit Indices Limited
  • NAV

    $17.70
  • Units outstanding

    15,156,641
  • Net assets

    $268.2M
  • Number of holdings

    133
  • Inception date1

    09-May-17
  • ASX commencement

    11-May-17

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

as at 22-Feb-19

Fundamentals as of 21-Feb-19

  • Average credit rating

    --
  • Average maturity (years)

    5.04
  • Modified duration (years)

    4.37

3-year risk measures

  • Beta vs. Bloomberg Ausbond
    Composite 0+ Years Index (BACM0)

    --
  • Correlation vs. BACM0

    --
  • Volatility (standard deviation)

    --
  • Sharpe ratio

    --

Source: VanEck, FactSet.

BACM0 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-Jan-19

  • Country

    Weightings (%)
  • AUSTRALIA

    63.8
  • UNITED STATES

    12.2
  • UNITED KINGDOM

    6.1
  • SOUTH KOREA

    4.8
  • CANADA

    2.7
  • UAE

    2.0
  • FRANCE

    1.7
  • DENMARK

    1.6
  • CAYMAN ISLANDS

    1.4
  • NEW ZEALAND

    1.4
  • Other/Cash

    2.3
  • Total

    100.0

Portfolio composition (%)
as at 22-Feb-19

  • Asset classes

    % of Fund net assets
  • Stocks

    0.00
  • Bonds

    99.86
  • Other

    0.00
  • Cash

    0.14
  • Total

    100.00

Sector weightings (%) as at 31-Jan-19

  • Sector

    Weightings (%)
  • Banks

    30.5
  • Electric

    10.4
  • Telecommunications

    10.0
  • Transportation

    5.5
  • REITS

    4.9
  • Auto Manufacturers

    4.6
  • Commercial Services

    4.3
  • Real Estate

    3.7
  • Beverages

    3.7
  • Airlines

    3.2
  • Gas

    3.1
  • Engineering&Construction

    2.1
  • Sovereign

    1.8
  • Insurance

    1.8
  • Regional(state/provnc)

    1.6
  • Diversified Finan Serv

    1.4
  • Semiconductors

    1.4
  • Oil&Gas

    1.2
  • Machinery-Diversified

    1.2
  • Investment Companies

    1.1
  • Building Materials

    1.0
  • Food

    0.8
  • Pipelines

    0.5
  • Energy-Alternate Sources

    0.1
  • Other/Cash

    0.0
  • Total

    99.9

Maturity (%) as at 31-Jan-19

Average Portfolio Maturity: 5.07 Years

Currency exposure (%)
as of 31-Jan-19

  • Australian Dollar

    99.99
  • Other/Cash

    0.01