VanEck Vectors Australian Corporate Bond Plus ETF

ASX: PLUS

Performance

1
Year

5.84

3
Year

6.09

5
Year

Since Inception

5.81

Running Yield

3.24

Yield To Maturity

1.56

Data Current To: 31/12/2020

Information

Issuer:
Sector:
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: $256.3m (AUD)
Number of Holdings: 132

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 20 January 2021

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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.