PLUS - VanEck Corporate Bond Plus ETF | Australian Fixed Income

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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 21-Nov-19

  • Exchange

    ASX
  • ASX code

    PLUS
  • Bloomberg index code

    IBXXAUY1
  • Index provider

    Markit Indices Limited
  • NAV

    $18.59
  • Units outstanding

    13,604,471
  • Net assets

    $252.9M
  • Number of holdings

    125
  • Inception date1

    09-May-17
  • ASX commencement

    11-May-17

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

as at 21-Nov-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 20-Nov-19

  • Running yield

    3.59%
  • Yield to maturity

    2.01%

Fundamentals as of 19-Nov-19

  • Average maturity (years)

    5.04
  • Modified duration (years)

    4.44

Trading information

  • ASX code

    PLUS
  • IRESS code

    PLUS.AXW
  • Units outstanding

    13,604,471
  • ISIN

    AU00000PLUS3

Fees and other costs  

  • Management costs p.a.

    0.32%

Prices as at  21-Nov-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 $18.59
$18.62
45,136
40,228
$0.00 / -0.01%
$0.00 / +0.00%
+2.38%
+7.62%
$0.03
+0.17%

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

1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return -0.38 -0.36 2.73 6.31 -- -- -- 2.98
Income return 0.00 0.86 1.79 3.77 -- -- -- 3.35
Total return -0.38 0.50 4.52 10.08 -- -- -- 6.33
Index (IBXXAUY1) -0.33 0.59 4.69 10.33 6.16 6.07 -- 6.62
Bloomberg AusBond Comp 0+YRS Index -0.49 0.52 4.28 10.06 4.87 4.97 5.95 --
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return -1.01 1.38 3.78 7.29 -- -- -- 3.25
Income return 0.85 0.88 1.81 3.80 -- -- -- 3.48
Total return -0.16 2.26 5.59 11.09 -- -- -- 6.73
Index (IBXXAUY1) -0.14 2.30 5.74 11.32 6.10 6.33 -- 7.01
Bloomberg AusBond Comp 0+YRS Index -0.49 1.98 5.09 11.13 4.59 5.27 5.99 --

Top ten holdings (%) View all daily holdings » as at 31-Oct-19

No. of holdings: 125
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
SUNCORP-METWAY LTD
3.250
24-Aug-26
AAA
Australia
AUD
3.21
ANHEUSER-BUSCH INBEV WORLDWIDE INC
3.750
06-Sep-24
BBB
Belgium
AUD
3.03
MCDONALD'S CORP
3.800
08-Mar-29
BBB
United States
AUD
1.97
AUSTRALIA & NEW ZEALAND BANKING GROUP L
4.000
22-Jul-26
AA
Australia
AUD
1.91
QANTAS AIRWAYS LTD
7.500
11-Jun-21
BBB
Australia
AUD
1.88
VERIZON COMMUNICATIONS INC
4.050
17-Feb-25
BBB
United States
AUD
1.79
WESTPAC BANKING CORP
3.250
16-Nov-23
AA
Australia
AUD
1.79
AUSGRID FINANCE PTY LTD
3.750
30-Oct-24
BBB
Australia
AUD
1.73
VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA
3.300
28-Feb-22
BBB
Germany
AUD
1.68
SGSP AUSTRALIA ASSETS PTY LTD
3.750
28-Jun-23
A
China
AUD
1.67
Top 10 Total (%) 20.66

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-Oct-19

  • Country

    Weightings (%)
  • Australia

    58.3
  • United States

    18.3
  • United Kingdom

    7.4
  • South Korea

    2.9
  • Uae

    2.6
  • Canada

    2.6
  • UNITED KINGDOM

    1.3
  • Netherlands

    1.3
  • New Zealand

    1.1
  • Germany

    1.0
  • Other/Cash

    3.2
  • Total

    100.0

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

  • Sector

    Weightings (%)
  • Banks

    33.4
  • Telecommunications

    11.5
  • Electric

    8.3
  • Auto Manufacturers

    6.6
  • Commercial Services

    5.8
  • REITS

    4.6
  • Transportation

    3.8
  • Beverages

    3.7
  • Real Estate

    3.2
  • Gas

    2.9
  • Engineering&Construction

    2.7
  • Retail

    2.6
  • Airlines

    2.3
  • Diversified Finan Serv

    2.0
  • Semiconductors

    1.3
  • Sovereign

    1.2
  • Insurance

    1.2
  • Building Materials

    0.8
  • Oil&Gas

    0.7
  • Machinery-Diversified

    0.7
  • Food

    0.5
  • Pipelines

    0.2
  • Other/Cash

    0.1
  • Total

    100.1

Maturity (%) as at 31-Oct-19

Average Portfolio Maturity: 5.09 Years