SUBD
VanEck Australian Subordinated Debt ETF
SUBD
VanEck Australian Subordinated Debt ETF
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NAV$24.87
as at 01-Dec-23 -
Total Net Assets$1.15B
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Dividend FrequencyMonthly
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Management fee (p.a.)0.29%
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Number of securities23
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Inception Date28-Oct-19

Overview
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.
Key benefits
Investment grade subordinated bonds
Access a portfolio of regulatory Tier 2 Capital investment grade credit quality subordinated floating rate bonds that rank ahead of Additional Tier 1 Capital bonds such as listed hybridsPotential to protect against rising rates
Subordinated bonds pay coupons (interest) that vary with short-term interest rates and interest rates are reset periodically resulting in reduced duration (interest rate risk)Yield premium
For an elevated risk, subordinated bonds offer a higher yieldPerformance
Holdings & allocations
Dividends
Election of Dividend Reinvestment Plan (DRP)
You can elect DRP by logging into Link’s Investor Centre (https://investorcentre.linkmarketservices.com.au/Login). Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.
Documents & insights
Information about