ASX: PLUS
Performance
1
Year
Year
3.31
3
Year
Year
5.54
5
Year
Year
Since Inception
5.43
Running Yield
3.52
Yield To Maturity
2.15
Data Current To: 30/06/2020
Information
Issuer: |
VanEck |
Sector: |
Corporate |
Index: |
Markit iBoxx AUD Corporates Yield Plus Index |
Inception Date: | 01/05/2017 |
Strategy: | Invests in a diversified portfolio of Australian dollar denominated bonds consisting predominantly of the highest yielding investment grade corporate bonds issued in Australia. |
Details
Management Costs: | 0.32% p.a. |
Income Distribution: | Quarterly |
Net Assets: | $229.4m (AUD) |
Number of Holdings: | 123 |
Sector Distribution
FINA Comments
Key Features
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
Positives | Negatives |
---|---|
Good for diversification as the ETF invests in international companies such as McDonalds Corp |
Difficult to judge the credit quality of the portfolio with no split by credit rating, nor average credit rating provided 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 26 June 2020 |