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.
as at 07-Aug-20
-
Exchange
ASX -
ASX code
PLUS -
Bloomberg index code
IBXXAYM2 -
Index provider
Markit Indices Limited -
NAV
$18.61 -
Units outstanding
12,916,708 -
Net assets
$240.3M -
Number of holdings
126 -
Inception date1
09-May-17 -
ASX commencement
11-May-17
1The date the ETF was seeded prior to quotation on ASX.
as at 07-Aug-20
-
Dividend frequency
4 each year -
Management costs p.a.
0.32% - Investment management team »
- Market Announcements
- PLUS Fact Sheet
- PLUS Fund Flyer
Key benefits
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 06-Aug-20
-
Running yield
3.49% -
Yield to maturity
1.93%
Fundamentals as of 06-Aug-20
-
Average maturity (years)
5.11 -
Modified duration (years)
4.50
Trading information
-
ASX code
PLUS -
IRESS code
PLUS.AXW -
Units outstanding
12,916,708 -
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 07-Aug-20
$0.01 / +0.07% 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 | 1.17 | 2.70 | -0.39 | 0.25 | 2.31 | -- | -- | 2.47 |
| Income return | 0.00 | 0.56 | 1.09 | 2.86 | 3.40 | -- | -- | 3.20 |
| Total return | 1.17 | 3.26 | 0.70 | 3.11 | 5.71 | -- | -- | 5.67 |
| Index (IBXXAYM2) | 1.20 | 3.21 | 1.10 | 3.63 | 6.11 | 5.56 | -- | 6.06 |
| Bloomberg AusBond Comp 0+YRS Index | 0.37 | 0.97 | 1.55 | 3.58 | 5.62 | 4.58 | 5.61 | 5.51 |
| 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 | 0.53 | 1.07 | -0.27 | 0.44 | 2.14 | -- | -- | 2.16 | |
| Income return | 0.55 | 0.55 | 1.97 | 2.87 | 3.40 | -- | -- | 3.27 | |
| Total return | 1.08 | 1.62 | 1.70 | 3.31 | 5.54 | -- | -- | 5.43 | |
| Index (IBXXAYM2) | 1.13 | 1.72 | 2.09 | 3.83 | 5.87 | 5.51 | -- | 5.82 | |
| Bloomberg AusBond Comp 0+YRS Index | 0.31 | 0.53 | 3.53 | 4.18 | 5.57 | 4.77 | 5.60 | 5.53 |
Top ten holdings (%) View all daily holdings » as at 31-Jul-20
| Security name |
Coupon
|
Maturity |
Composite
rating^ |
Country†
|
Currency
|
% of Fund net assets |
|
|---|---|---|---|---|---|---|---|
| ANHEUSER-BUSCH INBEV WORLDWIDE INC |
3.750
|
06-Sep-24 |
BBB
|
Belgium
|
AUD
|
2.59 | |
| VERIZON COMMUNICATIONS INC |
4.050
|
17-Feb-25 |
BBB
|
United States
|
AUD
|
2.42 | |
| MCDONALD'S CORP |
3.800
|
08-Mar-29 |
BBB
|
United States
|
AUD
|
2.17 | |
| AUSNET SERVICES HOLDINGS PTY LTD |
4.200
|
21-Aug-28 |
A
|
Australia
|
AUD
|
2.07 | |
| LONSDALE FINANCE PTY LTD |
3.900
|
15-Oct-25 |
BBB
|
Australia
|
AUD
|
1.99 | |
| AUSGRID FINANCE PTY LTD |
3.750
|
30-Oct-24 |
BBB
|
Australia
|
AUD
|
1.86 | |
| DOWNER GROUP FINANCE PTY LTD |
3.700
|
29-Apr-26 |
BBB
|
Australia
|
AUD
|
1.75 | |
| SGSP AUSTRALIA ASSETS PTY LTD |
3.750
|
28-Jun-23 |
A
|
China
|
AUD
|
1.75 | |
| WSO FINANCE PTY LTD |
4.500
|
31-Mar-27 |
A
|
Australia
|
AUD
|
1.70 | |
| LLOYDS BANKING GROUP PLC |
4.250
|
22-Nov-27 |
A
|
United Kingdom
|
AUD
|
1.56 | |
| Top 10 Total (%) | 19.86 | ||||||
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-Jul-20
-
Country
Weightings (%) -
Australia
54.7 -
United States
16.4 -
United Kingdom
9.3 -
Canada
4.3 -
Uae
3.9 -
South Korea
3.2 -
New Zealand
1.7 -
Netherlands
1.3 -
Germany
1.1 -
France
1.1 -
Other/Cash
2.9 -
Total
99.9
Sector weightings (%) as at 31-Jul-20
-
Sector
Weightings (%) -
Banks
26.9 -
Telecommunications
11.8 -
Electric
10.4 -
Commercial Services
6.7 -
Transportation
6.2 -
Food
5.2 -
REITS
4.8 -
Auto Manufacturers
4.6 -
Beverages
3.1 -
Engineering&Construction
3.0 -
Real Estate
3.0 -
Gas
3.0 -
Retail
2.5 -
Airlines
1.4 -
Insurance
1.2 -
Chemicals
1.2 -
Sovereign
1.0 -
Diversified Finan Serv
0.9 -
Building Materials
0.8 -
Oil&Gas
0.8 -
Regional(state/provnc)
0.6 -
Machinery-Diversified
0.2 -
Other/Cash
0.7 -
Total
100.0
Maturity (%) as at 31-Jul-20
Average Portfolio Maturity: 5.11 Years