FLOT - VanEck Floating Rate Notes ETF | Australian Fixed Income | Holdings

VanEck Blog & Insights

VanEck 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 26-May-22

  • Exchange

    ASX
  • ASX code

    FLOT
  • Bloomberg index code

    BAFRN0
  • Index provider

    Bloomberg
  • NAV

    $24.71
  • Units outstanding

    15,264,066
  • Net assets

    $377.2M
  • Number of holdings

    177
  • Inception date1

    05-Jul-17
  • ASX commencement

    07-Jul-17

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

as at 26-May-22

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Portfolio composition (%)
as at 25-May-22

  • Asset classes

    % of Fund net assets
  • Stocks

    0.00
  • Bonds

    99.98
  • Other

    0.00
  • Cash

    0.02
  • Total

    100.00

All holdings (%) Download all holdings as at 25-May-22

No. of holdings: 177
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
NATIONAL AUSTRALIA BANK LTD
1.180
21-Jan-25
AA-
Australia
AUD
2.80
WESTPAC BANKING CORP
1.950
16-Nov-23
AA-
Australia
AUD
2.19
COMMONWEALTH BANK OF AUSTRALIA
1.440
11-Jan-24
AA-
Australia
AUD
2.10
COMMONWEALTH BANK OF AUSTRALIA
1.029
14-Jan-27
A+
Australia
AUD
2.10
WESTPAC BANKING CORP
1.212
25-Jan-27
A+
Australia
AUD
2.02
WESTPAC BANKING CORP
0.965
06-Mar-23
AA-
Australia
AUD
1.89
NATIONAL AUSTRALIA BANK LTD
1.784
25-Feb-27
AA-
Australia
AUD
1.88
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.165
06-Dec-23
AA-
Australia
AUD
1.81
NATIONAL AUSTRALIA BANK LTD
1.153
05-Jul-22
AA-
Australia
AUD
1.73
AUSTRALIA & NEW ZEALAND BANKING GROUP L
2.044
08-Feb-24
AA-
Australia
AUD
1.68
NATIONAL AUSTRALIA BANK LTD
1.464
24-Aug-26
AA-
Australia
AUD
1.67
ROYAL BANK OF CANADA/SYDNEY
1.512
24-Apr-23
AAA
Canada
AUD
1.63
CANADIAN IMPERIAL BANK OF COMMERCE/SYDN
1.579
14-Apr-23
AAA
Australia
AUD
1.46
MACQUARIE BANK LTD
0.614
09-Dec-25
A
Australia
AUD
1.43
NATIONAL AUSTRALIA BANK LTD
1.730
10-Feb-23
AA-
Australia
AUD
1.36
COMMONWEALTH BANK OF AUSTRALIA
1.392
25-Jul-22
AA-
Australia
AUD
1.30
NATIONAL AUSTRALIA BANK LTD
1.120
26-Feb-24
AA-
Australia
AUD
1.30
BANK OF MONTREAL
1.515
17-Apr-23
AAA
Canada
AUD
1.28
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.850
29-Aug-24
AA-
Australia
AUD
1.24
BANK OF QUEENSLAND LTD
1.329
27-Oct-26
BBB+
Australia
AUD
1.23
UBS AG/AUSTRALIA
1.035
08-Mar-23
A+
Switzerland
AUD
1.23
WESTPAC BANKING CORP
1.880
16-Aug-24
AA-
Australia
AUD
1.20
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.123
16-Jan-25
AA-
Australia
AUD
1.17
NATIONAL AUSTRALIA BANK LTD
1.100
19-Jun-24
AA-
Australia
AUD
1.12
WESTPAC BANKING CORP
0.840
31-Aug-22
AAA
Australia
AUD
1.12
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.660
29-Aug-22
AA-
Australia
AUD
1.01
COMMONWEALTH BANK OF AUSTRALIA
1.930
16-Aug-23
AA-
Australia
AUD
0.97
UBS AG/AUSTRALIA
1.582
30-Jul-25
A+
Switzerland
AUD
0.95
CREDIT SUISSE AG/SYDNEY
1.230
26-May-23
A+
Switzerland
AUD
0.93
MACQUARIE BANK LTD
1.821
12-Feb-25
A
Australia
AUD
0.93
SUMITOMO MITSUI BANKING CORP/SYDNEY
0.897
20-Jan-25
NR
Australia
AUD
0.92
BANK OF MONTREAL
1.125
07-Sep-23
A+
Canada
AUD
0.92
WESTPAC BANKING CORP
1.652
24-Apr-24
AA-
Australia
AUD
0.91
SUNCORP-METWAY LTD
1.504
24-Feb-26
A+
Australia
AUD
0.91
AUSTRALIA & NEW ZEALAND BANKING GROUP L
0.983
16-Jan-23
AA-
Australia
AUD
0.89
SUMITOMO MITSUI BANKING CORP/SYDNEY
1.666
18-Aug-22
A
Japan
AUD
0.88
SUNCORP-METWAY LTD
1.492
30-Jul-24
A+
Australia
AUD
0.85
COOPERATIEVE RABOBANK UA/AUSTRALIA
1.297
25-Jan-23
A+
Netherlands
AUD
0.84
UNITED OVERSEAS BANK LTD/SYDNEY
1.117
27-Oct-25
AA-
Singapore
AUD
0.83
BANK OF NOVA SCOTIA/AUSTRALIA
1.115
07-Sep-23
A+
Canada
AUD
0.81
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.844
09-May-23
AA-
Australia
AUD
0.80
NATIONAL AUSTRALIA BANK LTD
0.808
16-Mar-23
AAA
Australia
AUD
0.80
WESTPAC BANKING CORP
1.337
27-Oct-22
AA-
Australia
AUD
0.80
DBS BANK LTD
1.047
25-Oct-22
AAA
Singapore
AUD
0.80
SUMITOMO MITSUI BANKING CORP/SYDNEY
1.085
05-Jun-23
A
Japan
AUD
0.79
BANK OF CHINA LTD/SYDNEY
1.315
17-Oct-22
A
China
AUD
0.79
SUNCORP-METWAY LTD
0.635
15-Sep-26
A+
Australia
AUD
0.78
BANK OF NOVA SCOTIA/THE
1.197
20-Jan-27
A+
Canada
AUD
0.78
UNITED OVERSEAS BANK LTD/SYDNEY
0.823
16-Oct-23
AA-
Singapore
AUD
0.73
COOPERATIEVE RABOBANK UA/AUSTRALIA
0.970
22-Sep-22
A+
Netherlands
AUD
0.70
SVENSKA HANDELSBANKEN AB
1.195
27-Sep-23
AA-
Sweden
AUD
0.69
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
1.241
12-Aug-24
AA-
Australia
AUD
0.68
SUMITOMO MITSUI BANKING CORP/SYDNEY
0.810
29-Nov-22
A
Japan
AUD
0.68
BANK OF QUEENSLAND LTD
1.550
06-May-26
BBB+
Australia
AUD
0.67
TORONTO-DOMINION BANK/THE
1.310
10-Jul-24
A
Canada
AUD
0.67
MIZUHO BANK LTD/SYDNEY
1.694
07-Aug-24
A
Japan
AUD
0.66
TOYOTA FINANCE AUSTRALIA LTD
0.564
09-Sep-24
A+
Australia
AUD
0.66
CANADIAN IMPERIAL BANK OF COMMERCE
1.484
09-Jun-23
A
Canada
AUD
0.66
ING BANK AUSTRALIA LTD
1.444
19-Aug-26
AAA
Australia
AUD
0.65
UBS AG/AUSTRALIA
1.382
30-Jul-23
A+
Switzerland
AUD
0.64
COMMONWEALTH BANK OF AUSTRALIA
1.312
25-Apr-23
AA-
Australia
AUD
0.59
NATIONAL AUSTRALIA BANK LTD
1.145
26-Sep-23
AA-
Australia
AUD
0.56
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
0.765
05-Dec-22
AA-
Singapore
AUD
0.56
MACQUARIE BANK LTD
0.930
21-Jun-22
A
Australia
AUD
0.56
CHINA CONSTRUCTION BANK CORP/SYDNEY
0.725
11-Mar-24
A
Australia
AUD
0.55
SUNCORP-METWAY LTD
1.632
24-Apr-25
AAA
Australia
AUD
0.54
BANK OF COMMUNICATIONS CO LTD/SYDNEY
1.596
28-Oct-22
A-
China
AUD
0.53
SOCIETE GENERALE SA/SYDNEY
1.228
15-Jul-23
A
France
AUD
0.53
MUFG BANK LTD/SYDNEY
0.695
26-Sep-24
A
Australia
AUD
0.53
UNITED OVERSEAS BANK LTD/SYDNEY
0.490
27-Aug-26
AA-
Australia
AUD
0.52
INDUSTRIAL & COMMERCIAL BANK OF CHINA L
1.824
24-Feb-23
A
Australia
AUD
0.52
LLOYDS BANKING GROUP PLC
1.480
20-Mar-23
BBB+
United Kingdom
AUD
0.51
BPCE SA
1.620
26-Apr-23
A
France
AUD
0.48
VICTORIA POWER NETWORKS FINANCE PTY LTD
1.210
21-Apr-26
A-
Australia
AUD
0.47
EXPORT-IMPORT BANK OF KOREA
1.150
29-May-23
AA
South Korea
AUD
0.47
TORONTO-DOMINION BANK/THE
0.810
17-Mar-26
A
Canada
AUD
0.47
BENDIGO & ADELAIDE BANK LTD
1.002
12-Sep-22
BBB+
Australia
AUD
0.45
CANADIAN IMPERIAL BANK OF COMMERCE/SYDN
1.200
01-Aug-22
AAA
Canada
AUD
0.45
KIWIBANK LTD
0.884
23-Sep-25
AAA
New Zealand
AUD
0.45
BENDIGO & ADELAIDE BANK LTD
1.562
25-Jan-23
BBB+
Australia
AUD
0.45
EXPORT-IMPORT BANK OF KOREA
1.662
30-Oct-23
AA
South Korea
AUD
0.43
MIZUHO BANK LTD/SYDNEY
0.857
20-Oct-23
A
Japan
AUD
0.42
NEWCASTLE PERMANENT BUILDING SOCIETY LT
2.320
06-Feb-23
BBB
Australia
AUD
0.41
AUSGRID FINANCE PTY LTD
1.932
30-Oct-24
BBB+
Australia
AUD
0.41
BANK OF CHINA LTD/SYDNEY
1.806
18-Aug-23
A
China
AUD
0.40
NBN CO LTD
0.534
09-Sep-24
A+
Australia
AUD
0.40
BANCO SANTANDER SA
1.148
15-Jul-26
A
Spain
AUD
0.39
DBS BANK LTD/AUSTRALIA
0.785
13-Sep-22
AA+
Singapore
AUD
0.39
HONGKONG & SHANGHAI BANKING CORP LTD-TH
1.045
27-Sep-24
AA-
United Kingdom
AUD
0.37
MACQUARIE BANK LTD
0.459
14-Oct-22
A
Australia
AUD
0.37
AGRICULTURAL BANK OF CHINA LTD/SYDNEY
1.085
26-Sep-22
A
China
AUD
0.36
KOREA SOUTHERN POWER CO LTD
1.682
30-Oct-24
AA
South Korea
AUD
0.35
UNITED OVERSEAS BANK LTD/SYDNEY
1.395
20-May-24
AA-
Australia
AUD
0.34
BENDIGO & ADELAIDE BANK LTD
0.823
18-Jun-26
BBB+
Australia
AUD
0.34
BENDIGO & ADELAIDE BANK LTD
1.140
17-Mar-25
BBB+
Australia
AUD
0.33
HONGKONG & SHANGHAI BANKING CORP LTD-TH
0.460
28-May-24
AA-
Australia
AUD
0.33
BPCE SA
1.735
05-Jun-25
A
France
AUD
0.32
BANK OF NOVA SCOTIA/AUSTRALIA
1.055
08-Sep-22
A+
Canada
AUD
0.32
MUFG BANK LTD/SYDNEY
0.760
29-Aug-22
A
Japan
AUD
0.32
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.085
18-Jan-23
AA-
Australia
AUD
0.32
LIBERTY FINANCIAL PTY LTD
2.610
17-Mar-25
BBB-
Australia
AUD
0.31
ANHEUSER-BUSCH INBEV WORLDWIDE INC
1.105
06-Sep-22
BBB+
Belgium
AUD
0.31
EXPORT-IMPORT BANK OF KOREA
1.904
23-May-24
AA
South Korea
AUD
0.31
MACQUARIE BANK LTD
1.744
07-Aug-24
A
Australia
AUD
0.30
TOYOTA FINANCE AUSTRALIA LTD
0.765
26-Mar-24
A+
Australia
AUD
0.30
BANK OF QUEENSLAND LTD
1.750
03-Feb-23
BBB+
Australia
AUD
0.30
UBS AG/AUSTRALIA
0.580
26-Feb-26
A+
Australia
AUD
0.29
METROPOLITAN LIFE GLOBAL FUNDING I
0.585
01-Dec-25
AA-
United States
AUD
0.27
BARCLAYS PLC
2.365
26-Jun-24
BBB
United Kingdom
AUD
0.27
SHINHAN BANK CO LTD
1.095
29-Sep-25
A+
South Korea
AUD
0.27
ETSA UTILITIES FINANCE PTY LTD
1.100
29-Aug-22
A-
Australia
AUD
0.27
WOORI BANK
1.232
23-Oct-23
A+
South Korea
AUD
0.27
KOREA DEVELOPMENT BANK/THE
0.860
29-Aug-24
AA
South Korea
AUD
0.27
CITIBANK NA/SYDNEY
1.880
14-Nov-24
A+
Australia
AUD
0.27
KOREA DEVELOPMENT BANK/THE
1.684
25-Aug-23
AA
South Korea
AUD
0.27
WESTPAC BANKING CORP
0.850
17-Mar-25
A+
Australia
AUD
0.26
OVERSEA-CHINESE BANKING CORP LTD/SYDNEY
0.523
18-Mar-24
NR
Australia
AUD
0.26
COOPERATIEVE RABOBANK UA/AUSTRALIA
0.713
19-Apr-24
A+
Australia
AUD
0.26
LIBERTY FINANCIAL PTY LTD
3.338
05-Apr-27
NR
Australia
AUD
0.26
AGRICULTURAL BANK OF CHINA LTD/SYDNEY
0.615
29-Nov-24
NR
Australia
AUD
0.26
MIZUHO BANK LTD/SYDNEY
0.615
21-Feb-25
A
Australia
AUD
0.26
NEW YORK LIFE GLOBAL FUNDING
0.689
08-Sep-26
AA+
United States
AUD
0.26
TORONTO-DOMINION BANK/THE
1.579
14-Apr-23
AAA
Canada
AUD
0.25
KOREA DEVELOPMENT BANK/THE
1.343
19-Oct-23
AA
South Korea
AUD
0.25
HONGKONG & SHANGHAI BANKING CORP LTD-TH
0.935
07-Dec-22
AA-
United Kingdom
AUD
0.25
CITIBANK NA/SYDNEY
1.720
14-Nov-22
A+
United States
AUD
0.25
SVENSKA HANDELSBANKEN AB
0.568
04-Mar-26
AA-
Sweden
AUD
0.25
MCDONALD'S CORP
1.265
08-Mar-24
BBB+
United States
AUD
0.24
CREDIT UNION AUSTRALIA LTD
1.632
24-Oct-24
BBB+
Australia
AUD
0.24
CREDIT UNION AUSTRALIA LTD
1.954
21-Feb-23
BBB+
Australia
AUD
0.24
NEW TERMINAL FINANCING CO PTY LTD
1.755
12-Jul-24
BBB
Australia
AUD
0.24
SOCIETE GENERALE SA/SYDNEY
1.098
03-Mar-27
A
Australia
AUD
0.23
STANDARD CHARTERED PLC
2.065
28-Jun-25
BBB+
United Kingdom
AUD
0.23
VERIZON COMMUNICATIONS INC
2.220
17-Feb-23
BBB+
United States
AUD
0.22
DBS GROUP HOLDINGS LTD
0.985
17-Jul-23
AA
Singapore
AUD
0.21
MEMBERS EQUITY BANK LTD
1.295
18-Jul-22
BBB+
Australia
AUD
0.21
BARCLAYS PLC
1.955
15-Jun-23
BBB
United Kingdom
AUD
0.20
AT&T INC
1.430
19-Sep-23
BBB
United States
AUD
0.20
MUFG BANK LTD/SYDNEY
1.162
20-Mar-23
A
Australia
AUD
0.20
BANK OF QUEENSLAND LTD
1.812
30-Oct-24
BBB+
Australia
AUD
0.20
BANK OF QUEENSLAND LTD
1.345
18-Jul-24
BBB+
Australia
AUD
0.20
LIBERTY FINANCIAL PTY LTD
2.430
26-Feb-24
BBB-
Australia
AUD
0.20
HERITAGE BANK LTD
1.801
12-Aug-22
BBB+
Australia
AUD
0.19
QNB FINANCE LTD
2.441
01-Feb-23
A
Qatar
AUD
0.17
UNITED ENERGY DISTRIBUTION PTY LTD
1.914
07-Feb-23
A-
United Kingdom
AUD
0.17
AUSGRID FINANCE PTY LTD
1.996
05-Feb-24
BBB
Australia
AUD
0.17
NATIONAL AUSTRALIA BANK LTD
1.900
16-May-23
AA-
Australia
AUD
0.16
BANK OF MONTREAL
1.177
06-Oct-22
A+
Canada
AUD
0.16
UNITED OVERSEAS BANK LTD/SYDNEY
1.042
25-Jul-22
AA-
Singapore
AUD
0.16
CANADIAN IMPERIAL BANK OF COMMERCE/SYDN
0.525
14-Sep-26
AAA
Australia
AUD
0.16
SUNCORP-METWAY LTD
0.925
13-Sep-23
AAA
Australia
AUD
0.13
BANK AUSTRALIA LTD
0.985
02-Dec-22
BBB
Australia
AUD
0.13
UBS AG/AUSTRALIA
2.104
21-Nov-22
A+
Australia
AUD
0.13
NATIONAL HOUSING FINANCE AND INVESTMENT
0.413
01-Jul-31
AAA
Australia
AUD
0.13
BANK OF CHINA LTD/SYDNEY
1.276
28-Apr-24
A
Australia
AUD
0.13
BPCE SA
1.107
20-Apr-26
A
France
AUD
0.13
BENDIGO & ADELAIDE BANK LTD
0.601
02-Dec-25
BBB+
Australia
AUD
0.13
COMMONWEALTH BANK OF AUSTRALIA
0.594
23-Dec-26
AA-
Australia
AUD
0.13
BANK OF QUEENSLAND LTD
2.070
14-May-25
AAA
Australia
AUD
0.12
LIBERTY FINANCIAL PTY LTD
2.735
06-Mar-23
BBB-
Australia
AUD
0.11
COLES GROUP TREASURY PTY LTD
1.050
27-Aug-25
BBB+
Australia
AUD
0.11
KOREA EXPRESSWAY CORP
0.801
02-Sep-23
AA
South Korea
AUD
0.11
BANK OF CHINA LTD/SYDNEY
1.307
27-Oct-23
A
China
AUD
0.11
VODAFONE GROUP PLC
1.205
13-Dec-22
BBB
United Kingdom
AUD
0.10
NETWORK FINANCE CO PTY LTD
1.483
06-Dec-24
BBB+
Australia
AUD
0.09
SUMITOMO MITSUI BANKING CORP/SYDNEY
1.285
05-Jun-25
A
Japan
AUD
0.08
VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA
1.455
14-Sep-22
BBB+
Australia
AUD
0.08
CHINA CONSTRUCTION BANK CORP/SYDNEY
1.125
24-Jun-22
A+
China
AUD
0.08
BANK OF COMMUNICATIONS CO LTD/SYDNEY
1.045
29-Sep-23
A-
China
AUD
0.08
TEACHERS MUTUAL BANK LTD
1.606
28-Oct-22
BBB+
Australia
AUD
0.08
LLOYDS BANKING GROUP PLC
1.535
07-Mar-25
BBB+
United Kingdom
AUD
0.08
BANK OF MONTREAL
1.315
17-Jul-24
A-
Canada
AUD
0.07
WSO FINANCE PTY LTD
2.329
14-Jul-26
A-
Australia
AUD
0.07
NEWCASTLE PERMANENT BUILDING SOCIETY LT
1.829
04-Feb-25
BBB
Australia
AUD
0.07
SUNCORP-METWAY LTD
1.307
25-Jan-27
A+
Australia
AUD
0.07
TRANSURBAN QUEENSLAND FINANCE PTY LTD
2.208
16-Dec-24
BBB
Australia
AUD
0.05
BANQUE FEDERATIVE DU CREDIT MUTUEL SA
1.662
24-Oct-23
A
France
AUD
0.05
OTHER/CASH
--
--
AUD
0.02
Total 100.05

Source: Bloomberg. 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