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SUBDBonds & Defensive

VanEck Australian Subordinated Debt ETF

VanEck · Solactive Australian Investment Grade Corporate Bond Select TR Index · Since 2018

HOLDINGS: Q2 2026

Annual fee

0.39%

$39/yr per $10,000

Fund size

$3.7B

AUD

Dividend yield

4.5%

Monthly · approx. as at Q2 2026

Holdings

36

companies

Plain-English Summary

SUBD provides exposure to a portfolio of investment-grade Australian corporate bonds. Corporate bonds carry credit risk and bond prices move inversely to interest rates, so values can fall when rates rise. General information only, not financial advice.

Key characteristics

Based on publicly available fund data. General information only, not a recommendation to buy or sell.

Strengths

Single-trade Australian investment-grade corporate bond exposure
Regular monthly income
Diversified across many corporate issuers

Watch out for

Credit risk higher than government bonds
Bond values fall when interest rates rise
Income varies with the rate environment

Top holdings

Holdings as at Q2 2026, may not reflect current composition
1Australia & New Zealand Banking Group L
5.5%
2Westpac Banking Corp
5.3%
3Commonwealth Bank Of Australia
4.6%
4Australia & New Zealand Banking Group L
4.5%
5Commonwealth Bank Of Australia
4.5%
6National Australia Bank Ltd
4.3%
7National Australia Bank Ltd
4.0%
8Westpac Banking Corp
3.8%
9Commonwealth Bank Of Australia
3.8%
10Commonwealth Bank Of Australia
3.6%

Sector breakdown

Financials
98.2%

Geographic exposure

Australia
84%
United Kingdom
9.8%
France
4.4%
United States
1.8%

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General information only, not financial advice. ETFLens does not hold an AFSL. Always read the relevant PDS and consider seeking advice from a licensed financial adviser.