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 02-Aug-21

  • Exchange

    ASX
  • ASX code

    PLUS
  • Bloomberg index code

    IBXXAYM2
  • Index provider

    Markit Indices Limited
  • NAV

    $18.88
  • Units outstanding

    14,961,706
  • Net assets

    $282.5M
  • Number of holdings

    135
  • Inception date1

    09-May-17
  • ASX commencement

    11-May-17

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

as at 02-Aug-21

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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 30-Jul-21

  • Running yield

    3.14%
  • Yield to maturity

    1.71%

Fundamentals as of 30-Jul-21

  • Average maturity (years)

    5.55
  • Modified duration (years)

    4.94

Trading information

  • ASX code

    PLUS
  • IRESS code

    PLUS.AXW
  • Units outstanding

    14,961,706
  • 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  02-Aug-21

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 $18.88
$18.90
38,368
16,722
$0.00 / +0.02%
$-0.01 / -0.05%
+0.92%
+1.16%
$0.02
+0.09%

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 -0.08 0.85 -2.00 1.44 2.52 -- -- 1.99
Income return 0.53 0.54 1.58 2.19 2.90 -- -- 3.00
Total return 0.45 1.39 -0.42 3.63 5.42 -- -- 4.99
Index (IBXXAYM2) 0.49 1.54 -0.25 3.94 5.83 5.12 -- 5.37
Bloomberg AusBond Comp 0+YRS Index 0.69 1.52 -1.74 -0.84 4.22 3.19 4.95 3.96
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 -0.08 0.85 -2.00 1.44 2.52 -- -- 1.99
Income return 0.53 0.54 1.58 2.19 2.90 -- -- 3.00
Total return 0.45 1.39 -0.42 3.63 5.42 -- -- 4.99
Index (IBXXAYM2) 0.49 1.54 -0.25 3.94 5.83 5.12 -- 5.37
Bloomberg AusBond Comp 0+YRS Index 0.69 1.52 -1.74 -0.84 4.22 3.19 4.95 3.96

Top ten holdings (%) View all daily holdings » as at 30-Jun-21

No. of holdings: 135
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
NBN CO LTD
1.000
03-Dec-25
A+
Australia
AUD
2.04
LONSDALE FINANCE PTY LTD
3.900
15-Oct-25
BBB
Australia
AUD
1.93
MCDONALD'S CORP
3.800
08-Mar-29
BBB+
United States
AUD
1.81
WOOLWORTHS GROUP LTD
1.850
20-May-25
BBB
Australia
AUD
1.76
AUSGRID FINANCE PTY LTD
1.814
05-Feb-27
BBB
Australia
AUD
1.71
AUSNET SERVICES HOLDINGS PTY LTD
4.200
21-Aug-28
A-
Australia
AUD
1.68
LLOYDS BANKING GROUP PLC
4.000
07-Mar-25
A-
United Kingdom
AUD
1.62
VERIZON COMMUNICATIONS INC
4.500
17-Aug-27
BBB+
United States
AUD
1.62
AUSGRID FINANCE PTY LTD
3.750
30-Oct-24
BBB+
Australia
AUD
1.61
DOWNER GROUP FINANCE PTY LTD
3.700
29-Apr-26
BBB
Australia
AUD
1.54
Top 10 Total (%) 17.32

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 30-Jun-21

  • Country

    Weightings (%)
  • Australia

    64.9
  • United States

    13.8
  • United Kingdom

    6.5
  • New Zealand

    3.4
  • Canada

    3.3
  • Uae

    2.8
  • South Korea

    2.3
  • France

    1.4
  • Switzerland

    0.8
  • Luxembourg

    0.6
  • Other/Cash

    0.4
  • Total

    100.2

Sector weightings (%) as at 30-Jun-21

  • Sector

    Weightings (%)
  • Banking Services

    32.4
  • Telecommunications Services

    12.9
  • Electric Utilities & IPPs

    7.8
  • Investment Banking & Investment Services

    7.2
  • Food & Drug Retailing

    5.5
  • Professional & Commercial Services

    5.0
  • Freight & Logistics Services

    4.5
  • Passenger Transportation Services

    3.0
  • Hotels & Entertainment Services

    2.5
  • Collective Investments

    2.3
  • School; College & University

    2.1
  • Government Activity

    1.7
  • Real Estate Operations

    1.6
  • Construction & Engineering

    1.5
  • Beverages

    1.5
  • Multiline Utilities

    1.3
  • Natural Gas Utilities

    1.3
  • Food & Tobacco

    1.1
  • Chemicals

    1.1
  • Oil & Gas

    0.7
  • Automobiles & Auto Parts

    0.7
  • Residential & Commercial REITs

    0.7
  • Homebuilding / Household Goods

    0.7
  • Transport Infrastructure

    0.6
  • Insurance

    0.2
  • Oil & Gas Related Equipment & Services

    0.0
  • Other/Cash

    0.2
  • Total

    100.1

Maturity (%) as at 30-Jun-21

Average Portfolio Maturity: 5.59 Years