VanEck PLUS ETF (ASX:PLUS)

VanEck Vectors Australian Corporate Bond Plus ETF

About the PLUS ETF

PLUS ETF invests in a diversified portfolio of Australian dollar denominated bonds and gives investors exposure to bonds issued by some of the largest companies in the world.

The VanEck managed PLUS ETF tracks the iBoxx AUD Corporates Yield Plus Mid Price Index (IBXXAYM2) which 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 August 2021 the PLUS ETF held securities issues by NBM Co Ltd, Lonsdale Finance, McDonald's Corporation and Woolworths.

PLUS ETF Performance Review

1
Year

3.55

3
Year

5.55

5
Year

Since
Inception

5.13

Running
Yield

3.12

Yield To
Maturity

1.87

Data Current To: 31/08/2021

Our review of PLUS ETF

A diversified portfolio of Australian dollar denominated bonds

Invests in higher yielding corporate bonds in the AAA to BB- credit rating range

Minimum 80% investment grade bonds

What we like about the PLUS ETF

Good for diversification as the ETF invests in international companies such as McDonalds Corp

Things to be aware of about the PLUS ETF

Difficult to judge the credit quality of the portfolio with no split by credit rating

Appears to hold only fixed rate bonds, but the fund doesn’t directly disclose the mix of fixed, floating and inflation linked bonds

Higher management fee of 0.32% as at 20 January 2021

PLUS ETF Investment Strategy

Invests in a diversified portfolio of Australian dollar denominated bonds consisting predominantly of the highest yielding investment grade corporate bonds issued in Australia.

PLUS ETF Share Price

What does the PLUS ETF Invest In?

PLUS is a Corporate Bond ETF.

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 iBoxx AUD Corporates Yield Plus Mid Price Index.

As at 8 October 2021 PLUS ETF held 131 different investments.

PLUS ETF Credit Quality

The average credit quality of the PLUS ETF is A-.

PLUS Frequently Asked Questions

What index does the PLUS ETF aim to replicate?

The PLUS ETF aims to replicate the Markit iBoxx AUD Corporates Yield Plus Index.

How often does PLUS ETF pay distributions?

The distribution frequency of PLUS is Quarterly.

When did the PLUS ETF start?

The inception date of the PLUS ETF was 01/05/2017.

What are the net assets of the PLUS ETF?

PLUS has net assets of $265m (AUD) as of 31/08/2021.

What are the number of holdings in the PLUS ETF?

Total number of holdings in PLUS is 131 as of 31/08/2021.

What are the management fees for the PLUS ETF?

The annual management fees for the PLUS ETF are 0.32% p.a. Learn more about ETF fees in this article.

How can I invest in the PLUS ETF?

PLUS is an Exchange Traded Fund, and units may be bought or sold on the ASX like shares. Learn how to buy and sell ETFs in this article.

Does the PLUS ETF have a minimum investment amount?

No, there is no minimum to invest in the VanEck PLUS ETF. Exchange Traded Funds in general do not have a minimum investment amount required by the issuer. However, if you choose to invest through a broker, they may choose to set their own minimum investment amount.

Are there any performance fees associated with the PLUS ETF?

No, PLUS has no performance fee. This is one of the advantages of Exchange Traded Funds, as they are traded like shares, you’ll generally only pay a commission to buy or sell units and an ongoing management fee.

About The Issuer Of The PLUS ETF: VanEck

Founded in 1955, VanEck was among the first asset managers helping investors achieve greater diversification through global investing.

Previous articleeInvest ECAS ETF (CHI-X:ECAS)
Next articleiShares IHEB ETF (ASX:IHEB)
Avatar
Luke is the Chief Technical Officer of Fixed Income News Australia and responsible for website design and development, including fund finder functionality. He has worked for ASX-listed industry leaders and a variety of marketing agencies across Australia. Luke is Head of Marketing at communications, content and creative agency RGC Media & Mktng, MBA News Australia and Online MBA Australia. He holds a Diploma of Creative Arts and is Google Accredited.