Key Highlights

  • The fund holds 137 bank securities, with the top ten at 23.90%, from NAB, Westpac, CBA and ANZ.
  • Australia represents 100% of the portfolio, against 56.66% for the category.
  • The management fee is 0.25% and the fund size is $188.12 million.
  • The October 2026 distribution of $0.063 is lower than the $0.171 paid in July.

Global X Australian Bank Credit ETF (ASX:BANK) aims to provide investors with a return, before fees and expenses, that tracks the Solactive Australian Bank Credit Index, a published index, by holding a portfolio of bonds and hybrid securities that may comprise all or a representation of the index securities. The fund was admitted to the ASX on 24 July 2024 and last traded at $9.80 on 13 October 2026.

Detail

Information

Ticker

ASX:BANK

Fund

Global X Australian Bank Credit ETF

Category

Diversified Credit

Benchmark

Solactive Australian Bank Credit TR AUD

Fund size

$188.12 million

Management fee

0.25%

Total holdings

137

ASX admission date

24 July 2024

Holdings

The ten largest positions represent 23.90% of the fund and come from the four major banks. National Australia Bank securities hold 3.19% and 2.73%, Westpac securities 2.44% and 2.36%, and Commonwealth Bank of Australia securities 2.35%, 2.33% and 2.09%.

ANZ Group securities hold 2.26%, 2.06% and 2.04%.

Allocation and country

The listing shows bonds at 74.00% and other assets at 52.00%, with no cash, against 91.57% and -1.25% for the category. The listing does not break down the other assets. Australia accounts for 100% of the fund.

Funds in the Diversified Credit category typically focus on active credit selection and have an average credit quality of BBB or above.

Fee, risk and distributions

The management fee is 0.25% a year. The fund reports a beta of 0.24 and a standard deviation of 1.38. The interim distribution of $0.063 per unit had an ex-date of 2 October 2026, a record date of 5 October and payment on 19 October, equal to an annual yield of 5.23%.

That is higher than the $0.023 paid in September and August and $0.024 in June, but lower than the $0.171 paid in July.

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 19,215,667 units on issue, and average daily trading volume is 37,191 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 6,400 to 39,900 units, with 10,206 recorded on 13 October while the market was still open. The bid-offer range stood at $9.79 to $9.92, and the day range at $9.79 to $9.80. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged Units on Issue for September 2026 on 7 October, a Distribution Reinvestment Plan Announcement on 6 October, a Final Distribution Announcement on 1 October and an Estimated Distribution Announcement on 28 September. The Annual Financial Report followed on 25 September.

Final Takeaway

BANK concentrates credit exposure on four Australian banks, so it carries issuer concentration that broader credit funds avoid. The 0.25% fee is part of its profile, and monthly distributions have varied between $0.023 and $0.171. These facts do not forecast outcomes.