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 iBoxx AUD Corporates Yield Plus Mid Price Index.
Index description: The iBoxx AUD Corporates Yield Plus Mid Price Index (IBXXAYM2) 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.
Country of domicile: Australia
as at 22-Jan-21
-
Exchange
ASX -
ASX code
PLUS -
Bloomberg index code
IBXXAYM2 -
Index provider
Markit Indices Limited -
NAV
$18.91 -
Units outstanding
13,578,560 -
Net assets
$256.8M -
Number of holdings
132 -
Inception date1
09-May-17 -
ASX commencement
11-May-17
1The date the ETF was seeded prior to quotation on ASX.
as at 22-Jan-21
-
Dividend frequency
4 each year -
Management costs p.a.
0.32% - Investment management team »
- Market Announcements
- PLUS Fact Sheet
- PLUS Fund Flyer
Key points
Underlying Index: iBoxx AUD Corporates Yield Plus Mid Price Index (IBXXAYM2).
The index 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 index. The index typically includes AUD denominated bonds issued in Australia by corporate entities such as the four largest banks in Australia, foreign banks, other lending institutions and property trusts. AUD bonds issued by foreign governments and foreign semi-governments may also be included. Australian government and semi-government bonds are excluded from the index.
Bonds are included in the index based on issue size, amount outstanding, time to maturity and type. Markit iBoxx selects the higher-yielding corporate bonds from their universe of AUD Corporate bonds using a methodology which focuses on each bond’s yield relative to an Australian Commonwealth government bond with a similar maturity.
To enter the index a bond must have at least a Credit Rating of Investment Grade and have a time to maturity of between 2 and 10 years. To remain in the index the bond must have at least a Markit iBoxx rating of BB- and have a time to maturity of at least 1.25 years. Bonds with a rating below Investment Grade may not exceed 20% of the index.
Index provider:
Markit Indices Limited, England. iBoxx AUD Corporates Yield Plus Mid Prie Index is the property of Markit Indices Limited (“Index Sponsor”) and has been licensed for use in connection with the VanEck Vectors Australian Corporate Bond Plus ETF. The Index is the property of Markit Indices Limited (‘Markit’) and iBoxx® and Markit® are trademarks of Markit or its affiliates. The Index and trademarks have been licensed for use by VanEck. The Fund is not sponsored, endorsed, or promoted by Markit.
Index profile
-
Bloomberg index code
IBXXAYM2 -
Launch date
30-Nov-11 -
Base date
30-Nov-11 -
Rebalance frequency
Quarterly
Index fundamentals
as at 22-Jan-21
-
Yield to maturity
1.50% -
Effective duration
4.67
Top ten index constituents (%) as at 31-Dec-20
Constituent Name |
Coupon
|
Maturity | Weighting (%) | |
---|---|---|---|---|
VERIZON COMMUNICATIONS |
4.500
|
17-Aug-27 | 1.58 | |
AUSGRID FINANCE PTY LTD |
3.750
|
30-Oct-24 | 1.53 | |
AUSGRID FINANCE PTY LTD |
0.000
|
05-Feb-27 | 1.41 | |
EMIRATES NBD BANK PJSC |
0.000
|
26-Feb-30 | 1.32 | |
SUNCORP-METWAY LTD |
3.250
|
24-Aug-26 | 1.26 | |
AUSNET SERVICES HOLDINGS |
4.200
|
21-Aug-28 | 1.24 | |
TELSTRA CORP LTD |
4.000
|
19-Apr-27 | 1.21 | |
WOOLWORTHS GROUP LTD |
0.000
|
20-May-30 | 1.21 | |
NSW ELECTRICITY NETWORKS |
0.000
|
23-Sep-30 | 1.16 | |
LONSDALE FINANCE PTY LTD |
3.900
|
15-Oct-25 | 1.15 | |
Top ten total (%) | 13.07 |
Index country weightings (%) as of 31-Dec-20
-
Country
Weightings (%) -
Australia
57.0 -
United States
14.7 -
United Kingdom
7.5 -
Canada
4.2 -
Germany
3.5 -
South Korea
3.0 -
Uae
2.7 -
New Zealand
2.4 -
France
1.4 -
Switzerland
1.3 -
Belgium
1.0 -
Qatar
1.0 -
Austria
0.5 -
Total
100.2
Index sector weightings (%) as at 31-Dec-20
-
Sector
Weightings (%) -
Financial
32.8 -
Consumer, Non-cyclical
15.6 -
Utilities
14.1 -
Communications
11.4 -
Consumer, Cyclical
10.6 -
Industrial
10.4 -
Government
3.2 -
Energy
1.0 -
Basic Materials
0.9 -
Total
100.0
Index credit quality (%) as at 31-Dec-20
Investment Grade | AAA | 1.26 |
AA | 9.10 | |
A | 35.22 | |
BBB | 54.41 | |
Total Investment Grade | -- | 100.00 |
Not Rated | -- | -- |
Maturity (%) as at 31-Dec-20
Average Maturity: 5.35 Years