Key Highlights

  • The active fund holds 186 credit securities, with the top ten at 29.59%.
  • Australia accounts for 93.79% of the portfolio, and bank-issued securities lead the top ten.
  • The management fee is 0.55% and the fund size is $2.48 billion.
  • The October 2026 distribution of $0.046 is lower than the $0.050 paid in July.

Betashares Australian Credit Income Active ETF (ASX:HBRD) invests in an actively managed portfolio of diversified credit securities and is expected to allocate tactically between those investment types. The fund was admitted to the ASX on 17 November 2017 and last traded at $10.03 on 13 October 2026. It reports a fund size of $2.48 billion.

Detail

Information

Ticker

ASX:HBRD

Fund

Betashares Australian Credit Income Active ETF

Category

Diversified Credit

Benchmark

Solactive AUS Hybrid Securities NR AUD

Fund size

$2.48 billion

Management fee

0.55%

Total holdings

186

ASX admission date

17 November 2017

Holdings and turnover

The ten largest positions represent 29.59% of the fund and are led by bank securities. Australia and New Zealand Banking Group (5.8442%) holds 3.82%, ANZ Group Holdings (6.8043%) 3.31%, National Australia Bank (6.5239%) 3.30% and Westpac (6.7689%) 3.27%. Commonwealth Bank of Australia holds two positions at 2.83% and 2.77%.

A Kingfisher Trust 2026-1 security accounts for 2.37%. Reported turnover is 25.79%.

Asset allocation and geography

Bonds represent 95.46% of the fund and other assets 9.06%, with no cash allocation. Australia accounts for 93.79% of the portfolio, well above the 56.66% category figure. The Netherlands holds 2.25%, France 0.61% and Canada 0.56%.

The United States and United Kingdom each hold 0.28%.

Fee, risk and distributions

The management fee is 0.55% a year. The fund reports a beta of 0.01 and a standard deviation of 0.86. HBRD pays monthly, and the interim distribution of $0.046 per unit had an ex-date of 1 October 2026, a record date of 2 October and payment on 16 October.

That is lower than the $0.047 paid in each of September and August and the $0.050 paid in July, but higher than the $0.044 paid in June.

Category classification and liquidity

Morningstar places the fund in the Diversified Credit category, which covers funds investing primarily in Australian and/or global credit securities, typically with active credit selection aimed at higher returns than government bonds, where average credit quality is typically BBB or above and sub-investment grade and unrated issues are permitted.

Liquidity indicators add a further view. There are 247,530,760 units on issue, and average daily trading volume is 269,811 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 163,800 to 382,000 units, with 163,867 recorded on 13 October while the market was still open. The bid-offer range stood at $10.02 to $10.03, and the day range at $10.02 to $10.03. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged a Quarterly MPI Tracking Error disclosure for September 2026 on 8 October, the Units on Issue Disclosure on 6 October, a DRP Issue Price and Final Distribution Announcement on 1 October, and an Estimated Distribution Announcement on 29 September.

Final Takeaway

HBRD is an actively managed credit fund concentrated in Australian bank-issued securities, with a 0.55% fee. Its monthly distribution of $0.046 was lower than each of the July, August and September payments. These details outline the portfolio's construction and do not forecast results.