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VanEck Vectors Australian Corporate Bond Plus ETF

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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 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 08-Mar-21

  • Exchange

    ASX

  • ASX code

    PLUS

  • Bloomberg index code

    IBXXAYM2

  • Index provider

    Markit Indices Limited

  • NAV

    $18.54

  • Units outstanding

    13,698,560

  • Net assets

    $254.0M

  • 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 08-Mar-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 05-Mar-21

  • Running yield

    3.25%

  • Yield to maturity

    2.00%

Fundamentals as of 05-Mar-21

  • Average maturity (years)

    5.42

  • Modified duration (years)

    4.83

Trading information

  • ASX code

    PLUS

  • IRESS code

    PLUS.AXW

  • Units outstanding

    13,698,560

  • 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  08-Mar-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 $18.54
$18.58		 33,676
19,280		 $0.04 / +0.19%
$0.05 / +0.27%		 -1.97%
-1.58%
 $0.04
+0.21%

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 -2.07 -2.37 -0.54 -1.33 2.10 -- -- 2.03
Income return 0.00 0.52 1.06 2.15 3.14 -- -- 2.98
Total return -2.07 -1.85 0.52 0.82 5.24 -- -- 5.01
Index (IBXXAYM2) -2.07 -1.83 0.62 1.33 5.60 5.36 -- 5.37
Bloomberg AusBond Comp 0+YRS Index -3.58 -4.25 -3.05 -2.80 3.99 3.25 5.02 3.68
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 0.14 1.99 3.52 3.24 3.11 -- -- 2.83
Income return 0.00 0.00 0.55 2.60 2.98 -- -- 2.98
Total return 0.14 1.99 4.07 5.84 6.09 -- -- 5.81
Index (IBXXAYM2) 0.14 2.04 4.20 6.37 6.50 6.06 -- 6.19
Bloomberg AusBond Comp 0+YRS Index -0.27 -0.10 0.92 4.48 5.42 4.56 5.59 5.02
The tables above show past performance of the ETF from 9 May 2017. Index performance shown prior to 30 November 2011 is simulated based on the current Index methodology. Results are calculated to the last business day of the month and assume immediate reinvestment of distributions. ETF results are net of management fees and costs, but before brokerage fees or bid/ask spreads incurred when investors buy/sell on the ASX. Returns for periods longer than one year are annualised. Past performance is not a reliable indicator of current or future performance which may be lower or higher.
The Bloomberg AusBond Composite 0+ Yr Index (“BACI”) is shown for comparison purposes as it is the widely recognised benchmark used to measure the performance of the broad Australian bond market, weighted by market value. PLUS’s index measures the performance of the higher-yielding AUD denominated corporate bond market with credit ratings from AAA to BB-. The index PLUS tracks has fewer bonds, fewer issuers, a different rating profile, different industry allocations, different sensitivity to interest rates and a different maturity profile than BACI. Click here for more details.

Top ten holdings (%) View all daily holdings » as at 28-Feb-21

No. of holdings: 134
Security name
Coupon
 Maturity
Composite
rating^
Country†
Currency
 % of Fund
net assets
VERIZON COMMUNICATIONS INC
4.050
 17-Feb-25
BBB+
United States
AUD
 3.15
AUSGRID FINANCE PTY LTD
3.750
 30-Oct-24
BBB+
Australia
AUD
 1.99
MCDONALD'S CORP
3.800
 08-Mar-29
BBB+
United States
AUD
 1.97
LONSDALE FINANCE PTY LTD
3.900
 15-Oct-25
BBB
Australia
AUD
 1.97
WOOLWORTHS GROUP LTD
1.850
 20-May-25
BBB
Australia
AUD
 1.94
AUSNET SERVICES HOLDINGS PTY LTD
4.200
 21-Aug-28
A-
Australia
AUD
 1.80
LLOYDS BANKING GROUP PLC
4.000
 07-Mar-25
A-
United Kingdom
AUD
 1.79
DOWNER GROUP FINANCE PTY LTD
3.700
 29-Apr-26
BBB
Australia
AUD
 1.67
PACIFIC NATIONAL FINANCE PTY LTD
5.250
 19-May-25
BBB-
Australia
AUD
 1.57
WSO FINANCE PTY LTD
4.500
 31-Mar-27
A-
Australia
AUD
 1.54
Top 10 Total (%) 19.39

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 28-Feb-21

  • Country

    Weightings (%)

  • Australia

    62.2

  • United States

    14.3

  • United Kingdom

    9.2

  • New Zealand

    3.2

  • South Korea

    3.1

  • Canada

    3.0

  • Uae

    2.8

  • France

    1.0

  • Luxembourg

    0.6

  • Germany

    0.2

  • Other/Cash

    0.3

  • Total

    99.9

Sector weightings (%) as at 28-Feb-21

  • Sector

    Weightings (%)

  • Banking Services

    31.3

  • Telecommunications Services

    12.8

  • Electric Utilities & IPPs

    8.6

  • Investment Banking & Investment Srvices

    7.3

  • Food & Drug Retailing

    5.7

  • Freight & Logistics Services

    3.7

  • Professional & Commercial Services

    3.3

  • Passenger Transportation Services

    3.0

  • Collective Investments

    2.7

  • Hotels & Entertainment Services

    2.5

  • School; College & University

    2.2

  • Multiline Utilities

    2.1

  • Government Activity

    1.9

  • Real Estate Operations

    1.8

  • Construction & Engineering

    1.7

  • Residential & Commercial REITs

    1.5

  • Automobiles & Auto Parts

    1.4

  • Food & Tobacco

    1.2

  • Chemicals

    1.2

  • Beverages

    1.1

  • Oil & Gas

    0.7

  • Construction Materials

    0.6

  • Transport Infrastructure

    0.6

  • Natural Gas Utilities

    0.3

  • Insurance

    0.2

  • Oil & Gas Related Equipment and Srvices

    0.0

  • Other/Cash

    0.3

  • Total

    99.7

Maturity (%) as at 28-Feb-21

Average Portfolio Maturity: 5.28 Years