Key Highlights

  • The fund holds 13 short-dated investment-grade corporate bonds, with the top ten at 91.28%.
  • All holdings are Australian, and the top ten are bonds from the four major banks.
  • The management fee is 0.28% and reported turnover is 0.00%.
  • The October 2026 distribution of $0.176 is lower than each of the four earlier quarterly amounts.

Russell Investments Australian Select Corporate Bond ETF (ASX:RCB) seeks to track the performance of the DBIQ 0-3 Year Investment Grade Australian Corporate Bond Index by investing predominantly in Australian corporate fixed income securities. The index filters the largest and most liquid corporate securities and weights them equally on reconstitution. The fund was admitted to the ASX on 13 March 2012 and last traded at $19.56 on 13 October 2026.

Detail

Information

Ticker

ASX:RCB

Fund

Russell Investments Australian Select Corporate Bond ETF

Category

Diversified Credit

Benchmark

DBIQ 0-4yr Inv Grade Aus Corp AUD

Management fee

0.28%

Total holdings

13

ASX admission date

13 March 2012

Holdings

The ten largest positions represent 91.28% of the fund. Westpac (4.5%) holds 10.98%, Commonwealth Bank of Australia (4.239% and 5.03%) 10.97% each, National Australia Bank (5%) 10.79%, Westpac (5.141%) 10.12% and Westpac (5.1%) 9.88%.

ANZ Group Holdings (4.95%) holds 9.04%, ANZ Group Holdings (4.65%) 7.32%, National Australia Bank (4.6%) 5.86% and Australia and New Zealand Banking Group (5.4%) 5.31%.

Allocation and geography

Bonds account for 99.97% of the fund and other assets 0.03%, with no cash allocation. Australia represents 100% of the portfolio, against 56.66% for the category.

The fund may use derivatives to a limited extent to obtain or reduce exposure to the securities.

Fee, risk and distributions

The management fee is 0.28% a year. The fund reports a beta of 0.36 and a standard deviation of 2.04. The interim distribution of $0.176 per unit had an ex-date of 30 September 2026, a record date of 1 October and payment on 15 October, equal to an annual yield of 4.31%.

That is lower than the $0.190 paid in July, $0.257 in April, $0.219 in January and $0.210 in October 2025.

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. Fund size and units on issue are not reported for this product, and average daily trading volume is 24,121 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 5,200 to 17,600 units, with 5,249 recorded on 13 October while the market was still open. The bid-offer range stood at $19.35 to $19.60, and the day range at $19.53 to $19.56. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged Month End Units on Issue on 6 October, Final Distribution notices for September 2026 and a dividend and distribution update on the same day, and the Annual Financial Report on 30 September.

Final Takeaway

RCB holds a handful of short-dated bonds from the four major banks, so issuer concentration is high. The 0.28% fee and the quarterly distribution, the smallest of the five periods listed, are part of its profile. These facts do not forecast outcomes.