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 20-Sep-21
-
Exchange
ASX -
ASX code
PLUS -
Bloomberg index code
IBXXAYM2 -
Index provider
Markit Indices Limited -
NAV
$18.83 -
Units outstanding
14,121,706 -
Net assets
$265.9M -
Number of holdings
131 -
Inception date1
09-May-17 -
ASX commencement
11-May-17
1The date the ETF was seeded prior to quotation on ASX.
as at 20-Sep-21
-
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 17-Sep-21
-
Running yield
3.12% -
Yield to maturity
1.85%
Fundamentals as of 17-Sep-21
-
Credit rating
A- -
Average maturity (years)
5.68 -
Modified duration (years)
5.07
Trading information
-
ASX code
PLUS -
IRESS code
PLUS.AXW -
Units outstanding
14,121,706 -
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 20-Sep-21
$0.00 / -0.03% 
$-0.01 / -0.05%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 | 0.07 | 1.31 | 1.92 | 1.36 | 2.64 | -- | -- | 2.24 |
| Income return | 0.00 | 0.54 | 1.10 | 2.19 | 2.91 | -- | -- | 2.89 |
| Total return | 0.07 | 1.85 | 3.02 | 3.55 | 5.55 | -- | -- | 5.13 |
| Index (IBXXAYM2) | 0.06 | 1.92 | 3.20 | 3.84 | 5.93 | 5.07 | -- | 5.49 |
| Bloomberg AusBond Comp 0+YRS Index | 0.09 | 2.55 | 4.23 | 1.05 | 4.52 | 3.33 | 4.76 | 4.24 |
| 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 31-Aug-21
| Security name |
Coupon
|
Maturity |
Composite
rating^ |
Country†
|
Currency
|
% of Fund net assets |
|
|---|---|---|---|---|---|---|---|
| NBN CO LTD |
1.000
|
03-Dec-25 |
A+
|
Australia
|
AUD
|
2.18 | |
| LONSDALE FINANCE PTY LTD |
3.900
|
15-Oct-25 |
BBB
|
Australia
|
AUD
|
2.06 | |
| MCDONALD'S CORP |
3.800
|
08-Mar-29 |
BBB+
|
United States
|
AUD
|
1.96 | |
| AUSGRID FINANCE PTY LTD |
1.814
|
05-Feb-27 |
BBB
|
Australia
|
AUD
|
1.81 | |
| LLOYDS BANKING GROUP PLC |
4.000
|
07-Mar-25 |
A
|
United Kingdom
|
AUD
|
1.73 | |
| VERIZON COMMUNICATIONS INC |
4.500
|
17-Aug-27 |
BBB+
|
United States
|
AUD
|
1.70 | |
| PACIFIC NATIONAL FINANCE PTY LTD |
5.250
|
19-May-25 |
BBB-
|
Australia
|
AUD
|
1.51 | |
| COLES GROUP TREASURY PTY LTD |
2.650
|
06-Nov-29 |
BBB+
|
Australia
|
AUD
|
1.49 | |
| SUNCORP-METWAY LTD |
3.250
|
24-Aug-26 |
AAA
|
Australia
|
AUD
|
1.46 | |
| AUCKLAND COUNCIL |
2.900
|
16-Sep-27 |
AA
|
New Zealand
|
AUD
|
1.46 | |
| Top 10 Total (%) | 17.36 | ||||||
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-Aug-21
-
Country
Weightings (%) -
Australia
64.6 -
United States
14.4 -
United Kingdom
6.5 -
New Zealand
3.4 -
Canada
2.6 -
Uae
2.5 -
South Korea
2.4 -
France
1.5 -
Switzerland
0.9 -
Luxembourg
0.6 -
Other/Cash
0.5 -
Total
99.9
Sector weightings (%) as at 31-Aug-21
-
Sector
Weightings (%) -
Banking Services
32.5 -
Telecommunications Services
13.3 -
Electric Utilities & IPPs
7.6 -
Investment Banking & Investment Services
6.0 -
Professional & Commercial Services
5.4 -
Freight & Logistics Services
5.0 -
Food & Drug Retailing
4.6 -
Passenger Transportation Services
3.0 -
Hotels & Entertainment Services
2.4 -
Collective Investments
2.4 -
School; College & University
2.2 -
Beverages
1.8 -
Government Activity
1.8 -
Real Estate Operations
1.7 -
Multiline Utilities
1.4 -
Natural Gas Utilities
1.4 -
Chemicals
1.1 -
Construction & Engineering
1.0 -
Food & Tobacco
1.0 -
Homebuilding / Household Goods
0.9 -
Oil & Gas
0.8 -
Residential & Commercial REITs
0.7 -
Automobiles & Auto Parts
0.7 -
Transport Infrastructure
0.6 -
Insurance
0.2 -
Oil & Gas Related Equipment & Services
0.0 -
Other/Cash
0.3 -
Total
99.8
Maturity (%) as at 31-Aug-21
Average Portfolio Maturity: 5.46 Years