SUBD - VanEck Vectors Australian Subordinated Debt ETF | Australian Income

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VanEck Vectors 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 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.

 as at 22-Nov-19

  • Exchange

    ASX
  • ASX code

    SUBD
  • Bloomberg index code

    IBXXAIG1
  • Index provider

    Markit Indices Limited
  • NAV1

    $25.03
  • Units outstanding1

    80,000
  • Net assets1

    $2.0M
  • Number of holdings1

    12
  • 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 22-Nov-19

Key points

  • First of a kind Australian offering

  • Access to a portfolio of investment grade quality subordinated bonds

  • Offering a higher yield relative to cash, term deposits and traditional bonds for a slightly elevated risk

  • Income paid monthly

Yields as of 21-Nov-19

  • Running yield

    3.00%

Fundamentals as of 21-Nov-19

  • Average maturity (years)

    8.17

Trading information

  • ASX code

    SUBD
  • IRESS code

    SUBD.AXW
  • Units outstanding

    80,000
  • ISIN

    AU0000061186

Fees and other costs  

  • Management costs p.a.

    0.29%

Prices as at  22-Nov-19

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
SUBD $25.03
$25.12
0
2,750
$-0.01 / -0.04%
$-0.01 / -0.04%
--
--
$0.09
+0.35%

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 -- -- -- -- -- -- -- 0.01
Income return -- -- -- -- -- -- -- 0.00
Total return -- -- -- -- -- -- -- 0.01
Index (IBXXAIG1) 0.36 0.76 1.70 3.39 3.78 -- -- 0.00
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 -- -- -- -- -- -- -- --
Income return -- -- -- -- -- -- -- --
Total return -- -- -- -- -- -- -- --
Index (IBXXAIG1) 0.35 0.71 1.78 3.35 3.82 -- -- --

Top ten holdings (%) View all daily holdings » as at 31-Oct-19

No. of holdings: 11
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
WESTPAC BANKING CORP
2.955
27-Aug-29
BBB
Australia
AUD
20.33
AUSTRALIA & NEW ZEALAND BANKING GROUP L
2.885
26-Jul-29
A
Australia
AUD
14.67
DBS GROUP HOLDINGS LTD
2.615
16-Mar-28
A
Singapore
AUD
12.56
NATIONAL AUSTRALIA BANK LTD
3.315
21-Sep-26
A
Australia
AUD
10.54
NATIONAL AUSTRALIA BANK LTD
2.800
26-Mar-25
A
Australia
AUD
8.81
NATIONAL AUSTRALIA BANK LTD
3.120
17-May-29
A
Australia
AUD
6.92
WESTPAC BANKING CORP
4.112
10-Mar-26
A
Australia
AUD
5.17
AUSTRALIA & NEW ZEALAND BANKING GROUP L
3.670
17-May-26
A
Australia
AUD
5.16
COMMONWEALTH BANK OF AUSTRALIA
3.611
03-Jun-26
A
Australia
AUD
5.15
SUNCORP GROUP LTD
3.147
05-Dec-28
BBB
Australia
AUD
0.51
Top 10 Total (%) 89.82

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

Country weightings (%) as at 31-Oct-19

  • Country

    Weightings (%)
  • Australia

    77.8
  • Singapore

    12.6
  • Other/Cash

    9.7
  • Total

    100.1

Sector weightings (%) as at 31-Oct-19

  • Sector

    Weightings (%)
  • Banks

    89.8
  • Insurance

    0.5
  • Other/Cash

    9.7
  • Total

    100.0

Credit quality (%) as at 31-Oct-19

Composite Contribution to
duration
% of Net
Assets
Investment Grade A 4.21 28.14
BBB 1.30 8.71
Total Investment Grade -- 5.52 36.85
Composite Rating: An evenly weighted blend of a security's Moody's, S&P and Fitch ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies.

Maturity (%) as at 31-Oct-19

Average Portfolio Maturity: 8.24 Years