SUBD - VanEck Vectors Australian Subordinated Debt ETF | Australian Income | Portfolio Analytics

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

Fundamentals as of 21-Nov-19

  • Average maturity (years)

    8.17

3-year risk measures

  • Beta vs. The Bloomberg
    AusBond Credit FRN 0+ Yr Index (IBXXAIG1)

    --
  • Correlation vs. IBXXAIG1

    --
  • Volatility (standard deviation)

    --
  • Sharpe ratio

    --

Source: VanEck, FactSet.

BAFRN0 is the standard market benchmark for Australian Fixed Income.

Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the Fund performance and the market benchmark index performance. Volatility is the annualised standard deviation of the Fund's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the Fund's return less the risk free rate divided by the standard deviation.

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

  • Country

    Weightings (%)
  • Australia

    77.8
  • Singapore

    12.6
  • Other/Cash

    9.7
  • Total

    100.1

Portfolio composition (%)
as at 22-Nov-19

  • Asset classes

    % of Fund net assets
  • Stocks

    0.00
  • Bonds

    99.99
  • Other

    0.00
  • Cash

    0.01
  • Total

    100.00

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

  • Sector

    Weightings (%)
  • Banks

    89.8
  • Insurance

    0.5
  • Other/Cash

    9.7
  • Total

    100.0

Maturity (%) as at 31-Oct-19

Average Portfolio Maturity: 8.24 Years

Currency exposure (%)
as of 31-Oct-19

  • Australian Dollar

    90.33
  • Other/Cash

    9.67