Key highlights

  • ASX:ECRD provides geared exposure to a portfolio of investment grade Australian corporate fixed income securities, held through underlying ETFs.
  • The fund’s two holdings are the Betashares Australian Major Bank Subordinated Debt ETF (BSUB) and the Betashares Interest Rate Hedged Australian Corporate Bond ETF (HCRD).
  • The fund has about $105.12 million in assets and a 1.02% management fee.

The Betashares Australian Enhanced Credit Income Complex ETF (ASX:ECRD) gives investors geared exposure to Australian corporate credit. Its investment objective is to provide a high yield through geared exposure to a portfolio of investment grade Australian corporate fixed income securities, accessed via underlying ETFs.

About the Fund

ECRD was admitted to the ASX on 24 November 2025 and is classified in the Diversified Credit category. The fund has about $105.12 million in assets, and the management fee is 1.02%. Betashares is based in Sydney.

Gearing means the fund’s exposure to its underlying holdings exceeds the amount of investor capital, which is why its holdings are reported at more than 100% of the fund in total.

Country exposure

The largest country allocation is Australia at 84.98%, followed by Germany at 6.51%. The remaining exposure is spread across New Zealand (2.53%), the United Arab Emirates (1.89%), France (1.66%), Spain (1.23%) and the United States (1.15%).

By asset type, the portfolio is almost entirely bonds, with bond exposure of 336.92% offset by a negative cash position of 236.92%, which reflects the gearing.

Portfolio holdings

The largest positions are Betashares Australian Major Bank Subordinated Debt ETF (BSUB) (169.62%) and Betashares Interest Rate Hedged Australian Corporate Bond ETF (HCRD) (169.18%).

BSUB holds subordinated debt issued by Australia’s major banks, while HCRD holds Australian corporate bonds with interest rate exposure hedged. Because of the gearing, each of the two holdings is reported at about 169% of the fund.

Understanding the exposure

Because the fund holds two ETFs and is geared, its exposure is to underlying Australian bank subordinated debt and corporate bonds at a level above the amount of investor capital. Each of the two underlying ETFs is reported at about 169% of the fund.

Fees, size and distributions

ECRD pays distributions monthly. Recent monthly distributions have ranged from $0.146 to $0.162 per unit, and the most recent was $0.151, with an ex-date of 1 October 2026 and payment on 16 October 2026.

Fund structure and reporting

ECRD has an ISIN of AU0000416646 and a head office at Level 46, 180 George Street, Sydney. Recent ASX announcements from the fund include a units-on-issue disclosure, a monthly notional derivatives exposure report, 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 ECRD 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. It is identified as a complex ETF on the ASX. The fund holds underlying ETFs rather than individual securities, so its exposure is determined by the holdings of those funds.