Key Highlights

  • The fund holds 100% of its assets in the Betashares Australian Investment Grade Corporate Bond ETF (CRED), with interest-rate hedging.
  • Bonds make up 98.88% of the portfolio, and Germany 13.12%, against 3.78% for the category.
  • The management fee is 0.29% and the fund size is $363.73 million.
  • The October 2026 distribution of $0.121 is higher than each of the previous four monthly amounts.

Betashares Interest Rate Hedged Australian Corporate Bond ETF (ASX:HCRD) aims to provide an investment return that tracks the Solactive Australian Investment Grade Corporate Bond Select DH Index, before fees and expenses. The fund was admitted to the ASX on 16 November 2022 and last traded at $25.14 on 13 October 2026. It reports a fund size of $363.73 million.

Detail

Information

Ticker

ASX:HCRD

Fund

Betashares Interest Rate Hedged Australian Corporate Bond ETF

Category

Diversified Credit

Benchmark

Solactive Aus IG Corp Bond Slct (DH)

Fund size

$363.73 million

Management fee

0.29%

Underlying fund

CRED, 100.00%

ASX admission date

16 November 2022

Structure and hedging

The fund lists one holding, the Betashares Australian Investment Grade Corporate Bond ETF (ASX:CRED), at 100.00%. Bonds account for 98.88% of the portfolio and cash for 1.12%.

The index applies a hedge against interest-rate movements, so the fund's value is intended to depend more on credit spreads than on the level of government bond yields.

Geographic mix

Australia represents 69.75% of the portfolio, above the 56.66% category figure. Germany holds 13.12%, well above the 3.78% category weighting, New Zealand 5.10%, the United Arab Emirates 3.81% and France 3.34%.

Spain holds 2.48% and the United States 2.31%, against 12.81% for the category.

Fee, risk and distributions

The management fee is 0.29% a year, compared with 0.25% on the unhedged CRED. The fund reports a beta of 0.20 and a standard deviation of 1.41. HCRD pays monthly, and the interim distribution of $0.121 per unit had an ex-date of 1 October 2026, a record date of 2 October and payment on 16 October, equal to an annual yield of 5.17%.

That is higher than the $0.120 paid in September and August, $0.113 in July and $0.102 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 14,468,250 units on issue, and average daily trading volume is 27,040 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 6,100 to 94,900 units, with 9,934 recorded on 13 October while the market was still open. The bid-offer range stood at $25.00 to $25.17, and the day range at $25.13 to $25.17. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged the Units on Issue Disclosure for September 2026 on 6 October, a DRP Issue Price and Final Distribution Announcement on 1 October, an Estimated Distribution Announcement on 29 September and the Annual Report on 25 September.

Final Takeaway

HCRD isolates credit exposure from interest-rate movements by hedging duration, at a 0.29% fee slightly above CRED's. Its monthly distribution has risen over the five periods reported. These points describe the structure and do not forecast outcomes.