• Ticker:- PLUS;false;IBXXAUY1;
  • Ticker Group:- ETFEQ_INTL;false;;

VanEck Blog & Insights

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 18-Dec-17

    • Exchange

      ASX
    • ASX code

      PLUS
    • Bloomberg index code

      IBXXAUY1
    • Index provider

      Markit Indices Limited
    • NAV

      $17.53
    • Units outstanding

      8,460,757
    • Net assets

      $148.3M
    • Number of holdings

      107
    • Inception date1

      09-May-17
    • ASX commencement

      11-May-17

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

  •  as at 18-Dec-17

  • Key points

    • A diversified portfolio of predominantly investment grade corporate bonds offering enhanced yield.
    • Defensive position with low correlation to equities
  • Yields as at 15-Dec-17

    • Running yield

      3.99%
    • Yield to maturity

      3.32%
  • Fundamentals  as at 15-Dec-17

    • Average credit rating

      --
    • Average maturity (years)

      5.29
    • Modified duration (years)

      4.58
  • Trading information

    • ASX code

      PLUS
    • IRESS code

      PLUS.AXW
    • Units outstanding

      8,460,757
    • ISIN

      AU00000PLUS3
  • Fees and other costs

    • Management costs p.a.

      0.32%
  • Prices as at  18-Dec-17

    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 $17.53
    $17.59
    81,645
    22,057
    $-0.01 / -0.07%
    $0.03 / +0.17%
    --
    --
    $0.06
    +0.32%
  • View all indices » View all ETFs » Performance history (%)

    1 Mth3 Mths6 Mths1 Yr3 Yrs p.a.5 Yrs p.a.10 Yrs p.a.Inception p.a.
    Price return0.801.011.10--------2.28
    Income return0.000.880.96--------0.97
    Total return0.801.892.06--------3.25
    Index (IBXXAUY1)0.821.892.256.115.496.07--3.42
    Bloomberg AusBond Comp 0+YRS Index0.871.660.994.023.814.306.23--
    1 Mth3 Mths6 Mths1 Yr3 Yrs p.a.5 Yrs p.a.10 Yrs p.a.Inception p.a.
    Price return-0.95-0.08----------0.29
    Income return0.860.87----------0.96
    Total return-0.090.79----------1.25
    Index (IBXXAUY1)-0.140.701.932.925.415.87--1.35
    Bloomberg AusBond Comp 0+YRS Index-0.31-0.070.94-0.753.903.906.06--
  • View all daily holdings »Top ten holdings (%) as at 30-Nov-17

    No. of holdings: 213
    Security name
    Coupon
    Maturity
    Composite
    rating^
    Country
    Currency
    % of Fund
    net assets
    WSO FINANCE PTY LTD
    4.500
    31-Mar-27
    A-
    Australia
    AUD
    3.11
    GOLDMAN SACHS GROUP INC/THE
    4.700
    08-Sep-21
    A
    U.S.
    AUD
    3.75
    MACQUARIE BANK LTD
    3.250
    03-Mar-20
    A
    Australia
    AUD
    2.33
    QANTAS AIRWAYS LTD
    7.500
    11-Jun-21
    BBB-
    Australia
    AUD
    2.28
    MACQUARIE BANK LTD
    3.250
    03-Mar-20
    A
    Australia
    AUD
    2.68
    FONTERRA CO-OPERATIVE GROUP LTD
    4.500
    30-Jun-21
    A-
    New Zealand
    AUD
    2.15
    WSO FINANCE PTY LTD
    4.500
    31-Mar-27
    A
    Australia
    AUD
    2.58
    METROPOLITAN LIFE GLOBAL FUNDING I
    4.000
    13-Jul-27
    AA-
    U.S.
    AUD
    2.10
    COMMONWEALTH BANK OF AUSTRALIA
    2.900
    12-Jul-21
    AA-
    Australia
    AUD
    2.10
    CREDIT SUISSE AG/SYDNEY
    3.500
    29-Apr-20
    A
    Switzerland
    AUD
    2.07
    Top 10 Total (%)25.15

    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 30-Nov-17

    • Country

      Weightings (%)
    • AUSTRALIA

      62.5
    • UNITED STATES

      9.8
    • SOUTH KOREA

      6.7
    • UAE

      4.0
    • NEW ZEALAND

      3.7
    • UNITED KINGDOM

      3.4
    • CANADA

      3.4
    • NETHERLANDS

      1.9
    • CAYMAN ISLANDS

      1.3
    • GERMANY

      0.9
    • FRANCE

      0.5
    • Other/Cash

      1.9
    • Total

      100.0
  • Sector weightings (%) as at 30-Nov-17

    • Sector

      Weightings (%)
    • Banks

      36.4
    • Telecommunications

      6.6
    • Transportation

      6.1
    • Electric

      6.0
    • Commercial Services

      4.4
    • Airlines

      3.7
    • Auto Manufacturers

      3.5
    • Beverages

      3.3
    • Sovereign

      3.3
    • Regional(state/provnc)

      3.2
    • REITS

      2.9
    • Food

      2.6
    • Real Estate

      2.6
    • Insurance

      2.3
    • Diversified Finan Serv

      2.2
    • Gas

      2.0
    • Engineering&Construction

      1.4
    • Mining

      1.2
    • Municipal

      1.0
    • Lodging

      1.0
    • Building Materials

      0.8
    • Machinery-Diversified

      0.8
    • Pipelines

      0.4
    • Investment Companies

      0.3
    • Chemicals

      0.1
    • Other/Cash

      1.9
    • Total

      100.0
  • Credit quality (%) as at 30-Nov-17

    Composite Contribution to
    duration
    % of Net
    Assets
    Investment GradeAAA0.102.49
    AA0.9923.62
    A1.6138.36
    BBB0.8319.85
    Total Investment Grade--3.5384.32
    Not Rated--0.5813.75
    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 30-Nov-17

    Average Portfolio Maturity: 4.70 Years