Key Highlights

  • The active fund holds 518 securities, with the top ten at only 14.77%.
  • Australia accounts for 77.37% of the portfolio, and bonds for 97.92%.
  • The management fee is 0.42% and reported turnover is 21.70%.
  • The October 2026 distribution of $0.100 matches September's and exceeds the three months before.

Betashares Western Asset Australian Bond Active ETF (ASX:BNDS) pursues an investment approach that aims to capture returns from a variety of actively managed sources, including interest rate management, sector selection and security selection. The fund was admitted to the ASX on 16 November 2018 and last traded at $22.77 on 13 October 2026. It sits in the Bonds - Australia category.

Detail

Information

Ticker

ASX:BNDS

Fund

Betashares Western Asset Australian Bond Active ETF

Category

Bonds - Australia

Benchmark

Bloomberg AusBond Composite 0+Y TR AUD

Management fee

0.42%

Total holdings

518

ASX admission date

16 November 2018

Active approach

Interest rate management covers duration and yield curve positioning, and risk management is described as a core focus supported by credit research, diversification of holdings and investment guidelines.

Bonds account for 97.92% of the fund and cash for 2.06%. Reported turnover is 21.70%.

Holdings and country mix

The ten largest positions represent 14.77%. Australian Commonwealth Government Loans hold 2.12% and 1.48%, and Commonwealth of Australia 2.75% bonds hold 1.66% and 1.27%. New South Wales Treasury Corporation securities hold 1.49%, 1.34% and 1.32%, and Treasury Corporation of Victoria securities 1.39%, 1.39% and 1.27%.

Australia accounts for 77.37%, Canada 3.68%, New Zealand 3.54%, the United States 2.69%, the United Kingdom 2.36% and Germany 2.18%.

Fee, risk and distributions

The management fee is 0.42% a year. The fund reports a beta of 1.05 and a standard deviation of 3.22. BNDS pays monthly, and the interim distribution of $0.100 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 4.68%.

The amount matches September's $0.100 and is higher than the $0.099 in August, $0.097 in July and $0.087 in June.

Category classification and liquidity

Morningstar places the fund in the Bonds - Australia category, which covers funds investing primarily in traditional Australian fixed interest securities, including government and corporate debt, generally with maturities longer than one year and an average credit quality typically of A- or above.

Liquidity indicators add a further view. Fund size and units on issue are not reported for this product, and average daily trading volume is 48,430 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 38,600 to 480,400 units, with 60,815 recorded on 13 October while the market was still open. The bid-offer range stood at $22.00 to $22.78, and the day range at $22.73 to $22.78. 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

BNDS is an actively managed bond fund that spreads exposure across 518 holdings, with a 0.42% fee reflecting active management. Its monthly distribution has risen over the last five payments. These details describe the fund and offer no forecast.