SUBD - VanEck Australian Subordinated Debt ETF | Australian Income | Holdings

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VanEck Australian Subordinated Debt ETF SUBD

Fund description: SUBD invests in a portfolio of subordinated bonds with the aim of providing investment returns before fees and other costs that track the performance of the Index.

Index description: The iBoxx AUD Investment Grade Subordinated Debt Mid Price Index is designed to reflect the performance of investment grade subordinated bonds denominated in AUD. The index only includes AUD denominated floating rate bonds issued by financial institutions that qualify as Tier 2 Capital under APRA's Rules (or equivalent foreign rules), and which hold an iBoxx credit rating of investment grade.

Country of domicile: Australia

 as at 26-May-22

  • Exchange

    ASX
  • ASX code

    SUBD
  • Bloomberg index code

    IBXXAIS1
  • Index provider

    Markit Indices Limited
  • NAV1

    $24.59
  • Units outstanding1

    11,922,085
  • Net assets1

    $293.2M
  • Number of holdings1

    17
  • Inception date2

    28-Oct-19
  • ASX commencement

    30-Oct-19

1As of the close of the previous trading day.
2The date the ETF was seeded prior to quotation on ASX.

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Portfolio composition (%)
as at 25-May-22

  • Asset classes

    % of Fund net assets
  • Stocks

    0.00
  • Bonds

    99.92
  • Other

    0.00
  • Cash

    0.08
  • Total

    100.00

All holdings (%) Download all holdings as at 25-May-22

No. of holdings: 17
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
NATIONAL AUSTRALIA BANK LTD
3.150
17-May-29
BBB+
Australia
AUD
12.70
COMMONWEALTH BANK OF AUSTRALIA
2.365
20-Aug-31
BBB+
Australia
AUD
10.08
AUSTRALIA & NEW ZEALAND BANKING GROUP L
2.520
26-Jul-29
BBB+
Australia
AUD
9.47
COMMONWEALTH BANK OF AUSTRALIA
1.945
10-Sep-30
BBB+
Australia
AUD
8.38
AUSTRALIA & NEW ZEALAND BANKING GROUP L
1.930
26-Feb-31
BBB+
Australia
AUD
8.06
WESTPAC BANKING CORP
2.262
29-Jan-31
BBB+
Australia
AUD
6.54
NATIONAL AUSTRALIA BANK LTD
2.706
18-Nov-30
BBB+
Australia
AUD
6.10
NATIONAL AUSTRALIA BANK LTD
3.026
18-Nov-31
BBB+
Australia
AUD
6.02
WESTPAC BANKING CORP
1.980
22-Jun-28
BBB+
Australia
AUD
5.88
WESTPAC BANKING CORP
2.060
27-Aug-29
BBB+
Australia
AUD
4.70
MACQUARIE BANK LTD
1.710
17-Jun-31
BBB-
Australia
AUD
4.65
DBS GROUP HOLDINGS LTD
1.738
16-Mar-28
A
Singapore
AUD
4.38
MACQUARIE BANK LTD
2.980
28-May-30
BBB-
Australia
AUD
4.20
SUNCORP GROUP LTD
2.285
05-Dec-28
BBB+
Australia
AUD
3.56
QBE INSURANCE GROUP LTD
3.814
25-Aug-36
BBB+
Australia
AUD
2.77
COMMONWEALTH BANK OF AUSTRALIA
2.229
14-Apr-32
BBB+
Australia
AUD
2.42
NATIONAL AUSTRALIA BANK LTD
0.000
20-Sep-28
BBB+
Australia
AUD
0.00
OTHER/CASH
--
--
AUD
0.08
Total 99.99

Source: Bloomberg. 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.

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