PLUS - VanEck Corporate Bond Plus ETF | Australian Fixed Income

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VanEck Vectors 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 Markit iBoxx AUD Corporates Yield Plus Index.

Index description:  The Markit iBoxx AUD Corporates Yield Plus Index (IBXXAUY1) 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.

 as at 08-Apr-20

  • Exchange

    ASX
  • ASX code

    PLUS
  • Bloomberg index code

    IBXXAUY1
  • Index provider

    Markit Indices Limited
  • NAV

    $18.00
  • Units outstanding

    14,355,456
  • Net assets

    $258.5M
  • Number of holdings

    121
  • Inception date1

    09-May-17
  • ASX commencement

    11-May-17

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

as at 08-Apr-20

Key points

  • A diversified portfolio of predominantly investment grade corporate bonds offering enhanced yield.
  • Defensive position with low correlation to equities

Yields as of 07-Apr-20

  • Running yield

    3.65%
  • Yield to maturity

    2.57%

Fundamentals as of 07-Apr-20

  • Average maturity (years)

    5.31
  • Modified duration (years)

    4.66

Trading information

  • ASX code

    PLUS
  • IRESS code

    PLUS.AXW
  • Units outstanding

    14,355,456
  • ISIN

    AU00000PLUS3

Fees and other costs  

  • Management costs p.a.

    0.32%

Prices as at  08-Apr-20

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 $18.00
$17.22
64,950
16,070
$-0.03 / -0.14%
$-0.25 / -1.43%
-1.39%
-5.59%
$-0.78
-4.36%

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 -3.27 -1.32 -1.98 1.72 -- -- -- 1.98
Income return 0.53 1.40 1.40 3.25 -- -- -- 3.35
Total return -2.74 0.08 -0.58 4.97 -- -- -- 5.33
Index (IBXXAUY1) -4.37 -1.56 -2.16 3.46 4.99 4.57 -- 4.97
Bloomberg AusBond Comp 0+YRS Index -0.21 2.99 1.63 6.80 5.74 4.24 5.92 5.83
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 -3.27 -1.32 -1.98 1.72 -- -- -- 1.98
Income return 0.53 1.40 1.40 3.25 -- -- -- 3.35
Total return -2.74 0.08 -0.58 4.97 -- -- -- 5.33
Index (IBXXAUY1) -4.37 -1.56 -2.16 3.46 4.99 4.57 -- 4.97
Bloomberg AusBond Comp 0+YRS Index -0.21 2.99 1.63 6.80 5.74 4.24 5.92 5.83

Top ten holdings (%) View all daily holdings » as at 31-Mar-20

No. of holdings: 125
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
ANHEUSER-BUSCH INBEV WORLDWIDE INC
3.750
06-Sep-24
BBB
Belgium
AUD
2.46
VERIZON COMMUNICATIONS INC
4.050
17-Feb-25
BBB
United States
AUD
2.22
SUNCORP-METWAY LTD
3.250
24-Aug-26
AAA
Australia
AUD
2.12
AUSGRID FINANCE PTY LTD
3.750
30-Oct-24
BBB
Australia
AUD
1.90
AUSNET SERVICES HOLDINGS PTY LTD
4.200
21-Aug-28
A
Australia
AUD
1.89
DOWNER GROUP FINANCE PTY LTD
3.700
29-Apr-26
BBB
Australia
AUD
1.88
LONSDALE FINANCE PTY LTD
3.900
15-Oct-25
BBB
Australia
AUD
1.86
MCDONALD'S CORP
3.800
08-Mar-29
BBB
United States
AUD
1.74
AUSTRALIA & NEW ZEALAND BANKING GROUP L
4.000
22-Jul-26
AA
Australia
AUD
1.73
LLOYDS BANKING GROUP PLC
4.250
22-Nov-27
A
United Kingdom
AUD
1.69
Top 10 Total (%) 19.49

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-Mar-20

  • Country

    Weightings (%)
  • Australia

    57.4
  • United States

    15.0
  • United Kingdom

    10.5
  • South Korea

    3.5
  • Canada

    3.5
  • Uae

    3.0
  • New Zealand

    1.5
  • Netherlands

    1.2
  • Germany

    0.9
  • France

    0.9
  • Other/Cash

    2.6
  • Total

    100.0

Sector weightings (%) as at 31-Mar-20

  • Sector

    Weightings (%)
  • Banks

    31.4
  • Telecommunications

    10.7
  • Electric

    9.9
  • Transportation

    6.1
  • REITS

    5.6
  • Auto Manufacturers

    5.5
  • Commercial Services

    5.2
  • Beverages

    3.2
  • Food

    3.1
  • Real Estate

    3.1
  • Engineering&Construction

    3.0
  • Airlines

    2.6
  • Gas

    2.6
  • Retail

    2.0
  • Insurance

    1.1
  • Chemicals

    1.0
  • Diversified Finan Serv

    1.0
  • Sovereign

    0.9
  • Building Materials

    0.8
  • Oil&Gas

    0.7
  • Pipelines

    0.2
  • Other/Cash

    0.4
  • Total

    100.1

Maturity (%) as at 31-Mar-20

Average Portfolio Maturity: 5.32 Years