PLUS - VanEck Corporate Bond Plus ETF | Australian Fixed Income
VanEck Vectors Australian Corporate Bond Plus ETF

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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 04-Jul-22

  • Exchange

    ASX

  • ASX code

    PLUS

  • Bloomberg index code

    IBXXAYM2

  • Index provider

    Markit Indices Limited

  • NAV

    $16.06

  • Units outstanding

    12,509,947

  • Net assets

    $200.9M

  • Number of holdings

    128

  • Inception date1

    09-May-17

  • ASX commencement

    11-May-17

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

as at 04-Jul-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 01-Jul-22

  • Running yield

    3.54%

  • Yield to maturity

    5.27%

Fundamentals as of 01-Jul-22

  • Credit rating

    A-

  • Average maturity (years)

    5.38

  • Modified duration (years)

    4.73

Trading information

  • ASX code

    PLUS

  • IRESS code

    PLUS.AXW

  • Units outstanding

    12,509,947

  • 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  04-Jul-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 $16.06
$16.10		 57,071
29,872		 $0.07 / +0.43%
$0.07 / +0.44%		 -10.61%
-10.39%
 $0.04
+0.26%

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 -0.82 -7.29 -9.86 -12.34 -3.59 -1.21 -- -0.97
Income return 0.00 0.55 1.04 1.97 2.45 2.75 -- 2.72
Total return -0.82 -6.74 -8.82 -10.37 -1.14 1.54 -- 1.75
Index (IBXXAYM2) -0.87 -6.74 -8.77 -10.17 -0.81 1.88 4.16 2.08
Bloomberg AusBond Comp 0+YRS Index -0.89 -6.02 -8.02 -8.54 -1.76 0.99 2.72 1.29
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 -4.69 -7.52 -9.55 -9.04 -2.02 -- -- -0.44
Income return 0.57 1.07 1.04 2.04 2.49 -- -- 2.83
Total return -4.12 -6.45 -8.51 -7.00 0.47 -- -- 2.39
Index (IBXXAYM2) -4.09 -6.37 -8.34 -6.65 0.84 2.80 4.89 2.74
Bloomberg AusBond Comp 0+YRS Index -3.75 -5.88 -7.25 -5.55 -0.32 1.86 3.44 1.83
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 31-May-22

No. of holdings: 130
Security name
Coupon
 Maturity
Composite
rating^
Country†
Currency
 % of Fund
net assets
NATIONAL AUSTRALIA BANK LTD
2.900
 25-Feb-27
AA-
Australia
AUD
 2.46
NBN CO LTD
1.000
 03-Dec-25
A+
Australia
AUD
 2.42
VERIZON COMMUNICATIONS INC
4.500
 17-Aug-27
BBB+
United States
AUD
 1.89
WESFARMERS LTD
1.941
 23-Jun-28
A-
Australia
AUD
 1.88
LENDLEASE FINANCE LTD
3.400
 27-Oct-27
BBB-
Australia
AUD
 1.82
AURIZON NETWORK PTY LTD
4.000
 21-Jun-24
BBB+
Australia
AUD
 1.78
MCDONALD'S CORP
3.800
 08-Mar-29
BBB+
United States
AUD
 1.62
GAIF BOND ISSUER PTY LTD
2.584
 18-Nov-27
A-
Australia
AUD
 1.58
AUSNET SERVICES HOLDINGS PTY LTD
4.200
 21-Aug-28
A-
Australia
AUD
 1.46
BARCLAYS PLC
4.000
 26-Jun-29
BBB
United Kingdom
AUD
 1.44
Top 10 Total (%) 18.35

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-May-22

  • Country

    Weightings (%)

  • Australia

    68.2

  • United States

    11.4

  • United Kingdom

    5.7

  • New Zealand

    3.5

  • South Korea

    3.1

  • Uae

    2.8

  • Switzerland

    1.9

  • France

    1.7

  • Canada

    0.8

  • Luxembourg

    0.7

  • Other/Cash

    0.1

  • Total

    99.9

Sector weightings (%) as at 31-May-22

  • Sector

    Weightings (%)

  • Banking Services

    28.3

  • Telecommunications Services

    14.1

  • Electric Utilities & IPPs

    6.5

  • Professional & Commercial Services

    5.4

  • Freight & Logistics Services

    5.3

  • Investment Banking & Investment Services

    4.9

  • Food & Drug Retailing

    4.6

  • Passenger Transportation Services

    3.3

  • Transport Infrastructure

    2.5

  • Multiline Utilities

    2.5

  • Real Estate Operations

    2.4

  • Diversified Retail

    2.0

  • Government Activity

    1.9

  • Homebuilding / Household Goods

    1.8

  • Collective Investments

    1.8

  • Construction & Engineering

    1.8

  • School; College & University

    1.7

  • Hotels & Entertainment Services

    1.7

  • Oil & Gas Related Equipment & Services

    1.6

  • Chemicals

    1.1

  • Food & Tobacco

    1.0

  • Natural Gas Utilities

    1.0

  • Beverages

    0.8

  • Automobiles & Auto Parts

    0.7

  • Oil & Gas

    0.6

  • Residential & Commercial REITs

    0.4

  • Insurance

    0.2

  • Other/Cash

    0.1

  • Total

    100.0

Maturity (%) as at 31-May-22

Average Portfolio Maturity: 5.45 Years