Key Highlights

  • The fund tracks the Solactive Australian Banking Preferred Shares Index and holds 18 securities.
  • The top ten account for 65.19%, all issued by the major banks.
  • The management fee is 0.35% and the fund size is $669.08 million.
  • The October 2026 distribution of $0.039 is lower than each of the previous four monthly amounts.

Betashares Australian Major Bank Hybrids Index ETF (ASX:BHYB) aims to provide an investment return that tracks the performance of the Solactive Australian Banking Preferred Shares Index, before fees and expenses. The fund was admitted to the ASX on 23 April 2021 and last traded at $9.76 on 13 October 2026. It reports a fund size of $669.08 million and sits in the Unconstrained Fixed Income category.

Detail

Information

Ticker

ASX:BHYB

Fund

Betashares Australian Major Bank Hybrids Index ETF

Category

Unconstrained Fixed Income

Benchmark

Solactive Aus Bankg Pref Shares AUD

Fund size

$669.08 million

Management fee

0.35%

Total holdings

18

ASX admission date

23 April 2021

Top holdings

The ten largest positions represent 65.19% of the fund. National Australia Bank holds two (8.61% and 7.38%), Commonwealth Bank of Australia three (6.40%, 6.33% and 5.67%), Westpac Banking Corporation three (6.52%, 6.37% and 5.92%), Australia and New Zealand Banking Group 6.25% and a Commonwealth Bank perpetual security 5.69%.

Asset allocation shows other assets at 53.68%, bonds at 71.72% and cash at 1.44%, reflecting how hybrid securities are classified.

Geography and category

Australia represents 98.76% of the portfolio, against 36.42% for the category. Singapore holds 0.33%, New Zealand 0.17% and Canada 0.58%.

The Unconstrained Fixed Income category gives funds broad scope to hold government bonds, corporate debt, hybrids and other instruments with little reference to traditional bond indices.

Fee, risk and distributions

The management fee is 0.35% a year. The fund reports a beta of 0.35 and a standard deviation of 1.63. BHYB pays monthly, and the interim distribution of $0.039 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 4.96%.

That is lower than the $0.041 paid in September, $0.042 in August, $0.043 in July and $0.040 in June.

Category classification and liquidity

Morningstar places the fund in the Unconstrained Fixed Income category, which covers funds investing primarily in a broad scope to build portfolios with little reference to traditional bond indices, which can include government bonds, corporate debt, securitised bonds, sub-investment grade debt, emerging-market debt, private debt and hybrid securities.

Liquidity indicators add a further view. There are 68,623,706 units on issue, and average daily trading volume is 114,429 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 37,300 to 153,700 units, with 68,578 recorded on 13 October while the market was still open. The bid-offer range stood at $9.76 to $9.79, and the day range at $9.75 to $9.78. 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.

Closing Perspective

BHYB concentrates on hybrid securities from the four major banks, so a handful of issuers account for its portfolio. The 0.35% fee is higher than the 0.29% on the bank subordinated debt fund BSUB, and the October distribution fell below the previous four months. These points describe construction and not outcomes.