SUBD
Fixed IncomeVanEck Australian Subordinated Debt ETF
About this ETF
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.
IssuerVanEck
Management fee (MER)0.29% p.a.
Inception date30 Oct 2019
BenchmarkiBoxx AUD IG Subdnt Debt TR AUD
Scout Score
45/100
Ranked #34 of 58 in Fixed IncomeAn independent score calculated by ETF Scout across 7 real-data factors (cost, diversification, tracking, liquidity, fund strength, performance, income), ranked against other funds in the same category.
Cost25
Diversification34
Tracking10
Liquidity90
Fund Strength79
Performance98
Income86
Strengths
- Strong long-term return — +5.3% p.a. (blended), beats 98% of rated Fixed Income peers.
- Highly liquid — 0.04% bid/ask spread, better than 90% of Fixed Income peers.
- Attractive yield — 5.56%, higher than 86% of Fixed Income peers.
Weaknesses
- Wider index tracking — 4.16% tracking error, looser than 90% of Fixed Income peers.
- Higher fee — 0.29% p.a., more expensive than 75% of Fixed Income funds.
- Concentrated holdings — top holdings make up 43.6% of the fund, more concentrated than 66% of Fixed Income peers.
Performance (as of 31 Oct 2026)
Total returns, net of fees. Periods longer than 1 year are annualised.
1 Month+0.24%
3 Months+0.94%
YTD+4.10%
1 Year+4.84%
3 Years (p.a.)+6.10%
5 Years (p.a.)+4.87%
Price history
Cumulative return over the selected period, indexed to 0% at the start of the range.
Top holdings (as of 4 Nov 2026)
The fund's largest individual holdings, ranked by portfolio weight.
- 1.
Westpac Banking Corp (AU3FN0079091)5.61%
- 2.Australia & New Zealand Banking Group L (AU3FN0084026)5.26%
- 3.
- 4.Australia & New Zealand Banking Group L (AU3FN0094793)4.59%
- 5.
National Australia Bank Ltd (AU3FN0084828)4.19%
- 6.
Commonwealth Bank of Australia (AU3FN0073029)4.09%
- 7.
- 8.
- 9.
- 10.
- 11.
HSBC Holdings plc (AU3FN0096483)3.34%
- 12.Australia & New Zealand Banking Group L (AU3FN0077939)3.19%
- 13.Macquarie Bank Ltd (AU3FN0090262)3.18%
- 14.Macquarie Bank Ltd (AU3FN0107488)3.16%
- 15.
- 16.Australia & New Zealand Banking Group L (AU3FN0113452)2.78%
- 17.Australia & New Zealand Banking Group L (AU3FN0107504)2.66%
- 18.Macquarie Bank Ltd (AU3FN0115531)2.65%
- 19.
- 20.