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 31 December 2023, the PLUS ETF held securities issues by NBN Co Ltd, Westconnex Finance and Wesfarmers.

PLUS ETF Performance Review

8.3

-1.67

1.79

2.37

3.96

5.26

Data Current To: 31/12/2023

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 by sector with seven sectors with 3% or more weightings.

Fund takes interest rate risk.

Things to be aware of about the PLUS ETF

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 31 December 2023

No credit quality split by credit rating

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.

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 31 December 2023, PLUS ETF held 132 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 Monthly.

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 $297.3m (AUD) as of 31/12/2023.

What are the number of holdings in the PLUS ETF?

Total number of holdings in PLUS is 132 as of 31/12/2023.

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.