Key highlights

  • ASX:DIFF is an actively managed ETF investing in a diverse range of income-generating assets.
  • The fund aims to provide regular income and returns above the Bloomberg AusBond Bank Bill Index over rolling three-year periods.
  • The management fee is 0.59%.

The Perpetual Diversified Income Active ETF (ASX:DIFF) gives investors exposure to a diversified mix of income-generating assets rather than a single asset class. It aims to provide regular income and consistent returns above the Bloomberg AusBond Bank Bill Index, before fees and taxes, over rolling three-year periods.

About the Fund

DIFF was admitted to the ASX on 7 August 2025 and is classified in the Diversified Credit category. Funds in the category invest in Australian or global credit securities and typically focus on active credit selection to deliver higher returns than government bonds. The average credit quality is typically BBB or above. The management fee is 0.59%, and Perpetual’s office is in Sydney.

Mandate and exposure

The fund’s mandate is to invest in a diverse range of income-generating assets. The fund publishes monthly investment updates and monthly derivatives disclosures, with the most recent derivatives disclosure covering September 2026.

Understanding the exposure

The fund is benchmarked to bank bill rates rather than to a share market index, so its exposure is defined by the mix of income-generating assets the manager selects, and that mix can change over time within the fund’s mandate. The fund’s monthly derivatives disclosure describes any derivative positions used within the portfolio, and its aim of exceeding the benchmark is measured over rolling three-year periods rather than over shorter intervals.

Fees, size and distributions

DIFF pays distributions quarterly. The most recent distribution was an interim distribution of $0.100 per unit, with an ex-date of 1 October 2026 and payment on 21 October 2026, and the reported annual yield is 5.31%.

Fund structure and reporting

DIFF has an ISIN of AU0000405474 and a head office at Level 14, Angel Place, 123 Pitt Street, Sydney. Recent ASX announcements from the fund include a monthly derivatives disclosure, a units-on-issue and fund flows notice, distribution announcements and a monthly investment update.

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 DIFF 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.