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SUBDAU VanEck Australian Subordinated Debt ETF Please read important disclosure Close important disclosure false

SUBD
VanEck Australian Subordinated Debt ETF

SUBD
VanEck Australian Subordinated Debt ETF

  • NAV
    $25.27

    as at 26-Nov-24
  • Total Net Assets
    $2.03B
  • Dividend Frequency
    Monthly
  • Management fee (p.a.)
    0.29%
  • Number of securities
    31
  • Inception Date
    28-Oct-19
SUBD - VanEck Subordinated Debt ETF Tile.webp

Overview

Fund Description

SUBD invests in a portfolio of subordinated bonds with the aim of providing investment returns before fees and other costs that track the performance of the Index.

Key benefits

Investment grade subordinated bonds

Access a portfolio of regulatory Tier 2 Capital investment grade credit quality subordinated floating rate bonds that rank ahead of Additional Tier 1 Capital bonds such as listed hybrids.

Potential to protect against rising rates

Subordinated bonds pay coupons (interest) that vary with short-term interest rates and interest rates are reset periodically resulting in reduced duration (interest rate risk).

Yield premium

For an elevated risk, subordinated bonds offer a higher yield.

Performance

Holdings & allocations

Dividends

Election of Dividend Reinvestment Plan (DRP)

You can elect DRP by logging into Link’s Investor Centre (https://investorcentre.linkmarketservices.com.au/Login). Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.

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