VanEck Subordinated Debt ETF (SUBD)
What's in a Name? Watch your 1s and 2s |
Bank on Australian Bank Capital |
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/106393-2022-03-16-14:59.pdf |
FUND MANAGER | |
ASX Code | SUBD* |
APIR | |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Fund aims to provide investment returns before fees and other costs which track the performance of the Reference Index. |
INVESTMENT PROFILE | The Fund gives investors access to the investment returns of a portfolio of Australian dollar denominated Investment Grade floating rate Subordinated Bonds. |
CURRENCY MANAGEMENT | |
INCEPTION DATE | 28-10-2019 |
BENCHMARK | iBoxx AUD Investment Grade Subordinated Debt Index |
FUND SIZE | iBoxx AUD Investment Grade Subordinated Debt Index |
DISTRIBUTION FREQUENCY | Monthly |
NO. OF HOLDINGS | Less than 20 |
FEES | 0.29% pa |
STRUCTURE |
Benefits
Benefits | The Fund provides investors with:
|
RISK LEVEL | High - Very High |
INVESTOR SUITABILITY | SUBD is likely to be appropriate for consumers who are higher risk in nature, can accept higher potential losses in order to target a higher return or have a more aggressive or very high risk appetite, can accept higher potential losses and seek to maximise returns. |
Risks
Title | |
Detail |
Key Features
The Fund employs a passive management strategy of investing directly in a portfolio primarily consisting of securities from the Reference Index with the intention of replicating the risk profile and performance of the Reference Index. |
Mandate
The Fund aims to hold an appropriate number of Subordinated Bonds so as to produce a portfolio with a risk profile and performance consistent with that of the Reference Index. The iBoxx AUD Investment Grade Subordinated Debt Index is designed to reflect the performance of Investment Grade Subordinated Bonds denominated in AUD. The Reference Index only includes AUD denominated floating rate bonds issued by Financial Institutions that qualify as Tier 2 Capital under the APRA Rules and hold an iBoxx Credit Rating of Investment Grade. |