Key Highlights

  • Exposure is limited to Australian bank deposits, with 100% of assets in cash and none in stocks or bonds.
  • The fund size is $5.06 billion across 100,871,317 units, with a management fee of 0.18%.
  • The latest interim distribution of $0.182 per unit is the lowest of the past five monthly payments.
  • The portfolio holds nine positions, and term deposit rates listed range from 4.70% to 4.89%.

Betashares Australian High Interest Cash ETF (ASX:AAA) gives exchange-traded access to Australian bank deposits rather than shares or bonds. The fund has been admitted to the ASX since 7 March 2012 and last traded at $50.14 on 13 October 2026. It reports a fund size of $5.06 billion and measures itself against the 30 Day Bank Bill Swap Rate within the Australian Cash category.

Detail

Information

Ticker

ASX:AAA

Fund

Betashares Australian High Interest Cash ETF

Category

Australian Cash

Benchmark

30 Day Bank Bill Swap Rate

Fund size

$5.06 billion

Management fee

0.18%

Units on issue

100,871,317

ASX admission date

7 March 2012

Exposure to bank deposits

The fund places all of its assets into deposit accounts held with Australian banks, including Australia and New Zealand Banking Group, Commonwealth Bank of Australia and National Australia Bank Limited. Asset allocation reflects this structure, with 100% in cash and nothing allocated to stocks, bonds or other assets.

Cash accounts for 93.39% of the portfolio, while the balance sits in term deposits maturing between September and October 2026. Individual term deposit positions range from 0.61% to 1.22% of the fund, spread across nine holdings in total.

Fees, risk measures and trading activity

The management fee is 0.18% a year. The fund reports a beta of 0.71 and a standard deviation of 0.12, figures that sit at the low end of the range for exchange-traded products.

Distribution details

AAA pays distributions monthly. The latest interim distribution is $0.182 per unit, with an ex-date of 1 October 2026, a record date of 2 October and payment on 9 October. That amount is lower than each of the four preceding monthly payments, which were $0.189 in September, $0.188 in August, $0.195 in July and $0.187 in June.

The distribution corresponds to an annual yield of 4.12%. Interest rates attached to the term deposits in the holdings table range from 4.70% to 4.89%.

Category classification and liquidity

Morningstar places the fund in the Australian Cash category, which covers funds investing primarily in predominantly highly liquid securities such as bank deposits and bank bills, with an overall maturity expected to be under one year.

Liquidity indicators add a further view. There are 100,871,317 units on issue, and average daily trading volume is 413,411 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 194,900 to 372,400 units, with 194,965 recorded on 13 October while the market was still open. The bid-offer range stood at $50.14 to $50.14, and the day range at $50.13 to $50.14. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

Recent filings include the Units on Issue Disclosure for September 2026 on 6 October, a DRP Issue Price notice and a Final Distribution Announcement on 1 October, an Estimated Distribution Announcement on 29 September and the Annual Report on 25 September.

Closing Perspective

AAA's exposure is confined to Australian bank deposits, with no equity or bond holdings. The fund combines a 0.18% fee, a $5.06 billion size and a monthly distribution that eased to $0.182 from $0.189 a month earlier. These characteristics describe how the fund is built and do not forecast future outcomes.