Betashares Australian Credit Income Active ETF (ASX:HBRD): Exposure to Australian Credit Rather Than Shares

Sonal Goyal

20 October 2026 05:41 PM AEDT

Betashares Australian Credit Income Active ETF (ASX:HBRD): Exposure to Australian Credit Rather Than Shares

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Key highlights

ASX:HBRD is an actively managed ETF investing in a diversified portfolio of credit securities.
Australia accounts for 93.79% of the portfolio, and bonds make up 95.46% of the fund.
The fund has about $2.48 billion in assets and a 0.55% management fee.

The Betashares Australian Credit Income Active ETF (ASX:HBRD) gives investors exposure to credit rather than shares. It invests in an actively managed portfolio of diversified credit securities and is expected to allocate tactically between these investment types.

About the Fund

HBRD was admitted to the ASX on 17 November 2017 and is classified in the Diversified Credit category, with the Solactive Australian Hybrid Securities Net Return Index as its benchmark. Funds in the category invest in Australian or global credit securities and typically focus on active credit selection. The average credit quality of such funds is typically BBB or above.

The fund has about $2.48 billion in assets, and the management fee is 0.55%.

Asset and country exposure

By asset type, bonds make up 95.46% of the fund and other securities 9.06%, with no cash or stock holdings reported. By country, Australia accounts for 93.79%, followed by the Netherlands (2.25%), France (0.61%), Canada (0.56%) and Switzerland (0.51%), with smaller allocations to New Zealand, Spain, Germany, the United Kingdom and the United States.

Understanding the exposure

The exposure is to credit securities rather than shares. Bonds make up 95.46% of the fund, and Australia accounts for 93.79% of the portfolio, so the fund’s exposure is concentrated in Australian issuers, with a small share spread across the Netherlands, France, Canada, Switzerland and other markets.

Fees, size and distributions

HBRD pays distributions monthly. Recent monthly distributions have ranged from $0.044 to $0.050 per unit, and the most recent was $0.046, with an ex-date of 1 October 2026 and payment on 16 October 2026.

Fund structure and reporting

HBRD has an ISIN of AU00000HBRD9 and a head office at Level 46, 180 George Street, Sydney. Recent ASX announcements from the fund include a quarterly tracking error disclosure for September 2026, a units-on-issue disclosure, the distribution reinvestment plan issue price and distribution announcements.

Diversified Credit funds invest in Australian and/or global credit securities and typically focus on active credit selection to deliver higher returns than government bonds. While they can invest in sub-investment grade and unrated issues, the average credit quality of such funds is typically BBB or above.

Units in HBRD are quoted on the ASX and can be bought and sold through a broker during trading hours, in the same way as shares, so the exposure described above is available without buying each holding separately. The fund is actively managed, so its holdings and weightings are chosen by the manager rather than set by an index, and they can change over time.

FAQs

Q: What is the management fee?

A:0.55%.

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