Key Highlights

  • The fund has an index-tracking objective focused on bank hybrid securities.
  • The management fee is reported as 0.35%.
  • The leading disclosed holding is National Australia Bank at 8.61%.
  • The interim distribution entry records AUD 0.039 per unit.

Betashares Australian Major Bank Hybrids index ETF (ASX:BHYB) aims to track the Solactive Australian Banking Preferred Shares Index before fees and expenses. Its disclosed holdings include multiple securities associated with major Australian banks, rather than a portfolio of ordinary bank shares.

Investment Framework

The index-tracking objective defines the fund’s Investment framework. The holding-count field lists 18, but the table repeats bank names and does not establish 18 distinct corporate issuers. Several instrument labels are abbreviated, and the available disclosure does not set out their complete contractual terms.

Allocation Disclosure

The asset table lists cash at 1.44%, bonds at 71.72%, other Assets at 53.68% and stocks at zero. These figures total 126.84%, exceeding 100%. The record does not explain the overlap or calculation basis, so they cannot be presented as a reconciled allocation or evidence of borrowing.

Geographic Exposure and Portfolio Assets

Reported geographic exposure is led by Australia at 98.76%. Other allocations include Canada at 0.58%, Singapore at 0.33%, New Zealand at 0.17%, Netherlands at 0.08% and Sweden at 0.08%. The geographic record identifies predominantly Australian exposure. It does not resolve the inconsistency in the separate asset-class percentages.

Disclosed Holdings

The leading reported positions are National Australia Bank at 8.61%, National Australia Bank at 7.38% and Wstp 4.26327 Perp at 6.52%. These are individual portfolio weights, rather than measures of the companies’ Earnings or share-price changes.

Additional disclosed positions include Commonwealth Bank Aust at 6.40%, Westpac Banking Corporation at 6.37%, Commonwealth Bank Aust at 6.33% and Australia and New Zealand Banking Group Limited at 6.25%. The reported holding-count field lists 18. These selected entries describe only part of the fund’s holdings and do not identify every remaining position.

Management Fee and Distribution

The management fee is reported as 0.35%. The distribution record lists a interim amount of AUD 0.039 per unit, with an ex-distribution date of 1 October 2026, a Record Date of 2 October 2026 and a payment date of 16 October 2026. This amount relates to the listed distribution, rather than a forecast for subsequent payments. The management fee and the distribution amount are separate financial fields. The 2026 distribution amounts increased from AUD 0.040 in June to AUD 0.043 in July, then declined to AUD 0.042 in August, AUD 0.041 in September and AUD 0.039 in October.

Key Takeaways

Betashares Australian Major Bank Hybrids Index ETF (ASX:BHYB) has a reported management fee of 0.35%. The monthly distribution series records both an increase and subsequent declines. Its holdings identify bank securities, while the unreconciled asset percentages limit the description of its asset mix.