Key Highlights

  • The fund invests in credit securities rather than ordinary shares.
  • The leading disclosed holding entry is Australia & New Zealand Banking Group Ltd at 4.60%.
  • The reported management fee is 0.29%.
  • The interim distribution record lists AUD 0.120 per unit.

VanEck Australian Fixed Rate Subordinated Debt ETF (ASX:FSUB) is identified as an Australian fixed-rate subordinated debt ETF. Bonds represent the principal reported asset class, and the leading holding entries are securities associated with Australian banking groups.

Investment Mandate

Several banking names appear more than once in the holdings list. Each line is a separate reported security entry, rather than a separate bank. The record does not provide instrument identifiers, individual credit ratings, duration or maturity details, so those characteristics cannot be assigned to the positions.

Portfolio Disclosure

The sector table does not provide populated industry weights. A sector ranking cannot therefore be established from this record. The equity market-capitalisation fields contain zero entries. Those fields do not provide a useful breakdown of this credit portfolio, and they do not establish the size or financial condition of its underlying debt issuers.

Geographic and Asset Allocation

The geographic table assigns 83.30% to Australia. The next reported allocations are United Kingdom at 7.25%, France at 7.13%, South Korea at 0.93% and Netherlands at 0.73%. The asset-class record lists 0.00% in stocks and 4.05% in cash, with 95.95% in bonds. The geographic breakdown describes the locations attached to the reported credit exposure.

Leading Holdings

The leading disclosed holding entries are Australia & New Zealand Banking Group Ltd at 4.60%, Commonwealth Bank of Australia at 4.55% and Commonwealth Bank of Australia at 3.84%. These are individual security weights; repeated issuer names represent separate entries in the supplied list.

Other disclosed positions include Westpac Banking Corp at 3.78%, Westpac Banking Corp at 3.68%, National Australia Bank Ltd at 3.60% and Westpac Banking Corp at 3.54%. The holding descriptions do not establish the fund’s overall maturity profile or the contractual characteristics of every debt security.

Management Fee and Distribution

The reported management fee is 0.29%. The distribution record identifies a interim distribution amount of AUD 0.120 per unit, with an ex-distribution date of 01 Oct 2026, a record date of 02 Oct 2026 and a payment date of 16 Oct 2026. The listed payment date falls after the record date and remains a scheduled date in this entry. The stated amount relates to this distribution rather than a forecast of subsequent payments.

Key Takeaways

VanEck Australian Fixed Rate Subordinated Debt ETF (ASX:FSUB) combines its stated investment framework with reported exposure to credit securities. The holdings and allocation fields describe the portfolio’s composition, while the 0.29% management fee and interim distribution record provide separate cost and payment details. These records do not establish changes in company earnings or guarantee future distributions.