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.
as at 26-May-22
-
Dividend frequency
Monthly -
Management costs p.a.
0.29% - Investment management team »
- Market Announcements
- SUBD Fact Sheet
- A guide to investing in subordinated debt
- SUBD Fund Flyer
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
| 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.
† – country of risk