PLUS - VanEck Corporate Bond Plus ETF | Australian Fixed Income

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VanEck 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 21-Jan-22

  • Exchange

    ASX
  • ASX code

    PLUS
  • Bloomberg index code

    IBXXAYM2
  • Index provider

    Markit Indices Limited
  • NAV

    $17.91
  • Units outstanding

    12,988,665
  • Net assets

    $232.7M
  • Number of holdings

    130
  • Inception date1

    09-May-17
  • ASX commencement

    11-May-17

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

as at 21-Jan-22

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Key benefits

Enhanced Australian corporate bond strategy
Invests in Australian dollar corporate bonds that offer the highest yield relative to government bonds of similar maturities


Diversify and defend
Corporate bonds offer potential diversification and defensive benefits

Yield premium
For an elevated risk Australian dollar corporate bonds typically offer higher yield relative to Australian government bonds

Yields as of 20-Jan-22

  • Running yield

    3.21%
  • Yield to maturity

    2.96%

Fundamentals as of 20-Jan-22

  • Credit rating

    A-
  • Average maturity (years)

    5.70
  • Modified duration (years)

    5.05

Trading information

  • ASX code

    PLUS
  • IRESS code

    PLUS.AXW
  • Units outstanding

    12,988,665
  • ISIN

    AU00000PLUS3

Fees and other costs  

  • Management costs p.a.

    0.32%

Key risks

An investment in the ETF carries risks associated with: bond markets generally, interest rate movements, issuer default, credit ratings, fund operations, liquidity and tracking an index. See the PDS for details.

Prices as at  21-Jan-22

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 $17.91
$17.89
24,579
15,877
$0.07 / +0.37%
$0.41 / +2.35%
-0.88%
-1.65%
$-0.02
-0.13%

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 0.21 -2.20 -2.47 -4.43 1.44 -- -- 1.22
Income return 0.00 0.00 0.52 2.07 2.48 -- -- 2.78
Total return 0.21 -2.20 -1.95 -2.36 3.92 -- -- 4.00
Index (IBXXAYM2) 0.21 -2.10 -1.81 -2.06 4.29 4.62 5.79 4.36
Bloomberg AusBond Comp 0+YRS Index 0.09 -1.46 -1.15 -2.87 2.87 3.36 4.15 3.26
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 0.21 -2.20 -2.47 -4.43 1.44 -- -- 1.22
Income return 0.00 0.00 0.52 2.07 2.48 -- -- 2.78
Total return 0.21 -2.20 -1.95 -2.36 3.92 -- -- 4.00
Index (IBXXAYM2) 0.21 -2.10 -1.81 -2.06 4.29 4.62 5.79 4.36
Bloomberg AusBond Comp 0+YRS Index 0.09 -1.46 -1.15 -2.87 2.87 3.36 4.15 3.26

Top ten holdings (%) View all daily holdings » as at 31-Dec-21

No. of holdings: 130
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
NBN CO LTD
1.000
03-Dec-25
A+
Australia
AUD
2.15
MCDONALD'S CORP
3.800
08-Mar-29
BBB+
United States
AUD
2.07
WESFARMERS LTD
1.941
23-Jun-28
A-
Australia
AUD
2.06
VERIZON COMMUNICATIONS INC
4.500
17-Aug-27
BBB+
United States
AUD
1.85
LENDLEASE FINANCE LTD
3.400
27-Oct-27
BBB-
Australia
AUD
1.76
AUSGRID FINANCE PTY LTD
1.814
05-Feb-27
BBB
Australia
AUD
1.76
AURIZON NETWORK PTY LTD
4.000
21-Jun-24
BBB+
Australia
AUD
1.61
GAIF BOND ISSUER PTY LTD
2.584
18-Nov-27
A-
Australia
AUD
1.54
AUSNET SERVICES HOLDINGS PTY LTD
4.200
21-Aug-28
A-
Australia
AUD
1.47
BARCLAYS PLC
4.000
26-Jun-29
BBB
United Kingdom
AUD
1.43
Top 10 Total (%) 17.70

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-Dec-21

  • Country

    Weightings (%)
  • Australia

    70.5
  • United States

    11.9
  • United Kingdom

    5.8
  • New Zealand

    3.5
  • Uae

    3.1
  • South Korea

    2.2
  • France

    1.6
  • Switzerland

    0.9
  • Luxembourg

    0.7
  • Canada

    0.3
  • Other/Cash

    -0.5
  • Total

    100.0

Sector weightings (%) as at 31-Dec-21

  • Sector

    Weightings (%)
  • Banking Services

    24.6
  • Telecommunications Services

    14.3
  • Electric Utilities & IPPs

    8.1
  • Investment Banking & Investment Services

    6.0
  • Professional & Commercial Services

    5.8
  • Food & Drug Retailing

    5.7
  • Freight & Logistics Services

    4.9
  • Passenger Transportation Services

    3.5
  • Multiline Utilities

    2.8
  • Collective Investments

    2.6
  • Transport Infrastructure

    2.4
  • Hotels & Entertainment Services

    2.3
  • Diversified Retail

    2.2
  • Real Estate Operations

    2.0
  • Oil & Gas Related Equipment & Services

    1.8
  • Homebuilding / Household Goods

    1.8
  • School; College & University

    1.5
  • Government Activity

    1.3
  • Construction & Engineering

    1.1
  • Chemicals

    1.1
  • Natural Gas Utilities

    1.0
  • Food & Tobacco

    1.0
  • Oil & Gas

    0.9
  • Beverages

    0.8
  • Automobiles & Auto Parts

    0.6
  • Residential & Commercial REITs

    0.3
  • Insurance

    0.2
  • Other/Cash

    -0.6
  • Total

    100.0

Maturity (%) as at 31-Dec-21

Average Portfolio Maturity: 5.76 Years