Capital Securities Income Calendar: VanEck FSUB (ASX:FSUB), SUBD (ASX:SUBD) and GCAP (ASX:GCAP)

Sonal Goyal

30 October 2026 11:34 PM AEDT

Capital Securities Income Calendar: VanEck FSUB (ASX:FSUB), SUBD (ASX:SUBD) and GCAP (ASX:GCAP)

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Key Highlights

All three funds have a 2 November 2026 ex-date and a 3 November record date.
Payment is scheduled for 17 November 2026 for all three funds.
The funds provide distinct portfolio exposures within the November income calendar.

Subordinated Debt and Capital securities funds are approaching a shared November payment window. VanEck Australian Fixed Rate Subordinated Debt ETF (ASX:FSUB), VanEck Australian Subordinated Debt ETF (ASX:SUBD) and VanEck Bentham Global Capital Securities Active ETF (ASX:GCAP) provide distinct debt and capital instrument exposures. Their distribution timetables align even though Investment approaches, geographic allocations and listed costs differ.

November Entitlement and Payment Dates

All three funds have an ex-distribution date of 2 November 2026 and a Record Date of 3 November, with payment scheduled for 17 November. Final Dividend and distribution announcements covering the period ending 31 October were dated 30 October. The timetable announcement of 26 October preceded the final notices and the forthcoming entitlement window.

VanEck Australian Fixed Rate Subordinated Debt ETF (ASX:FSUB)

FSUB aims to track its Australian dollar reference index before fees and other costs, with fixed rate subordinated debt defining the investment exposure. At the time of writing on 30 October 2026, (ASX:FSUB) was trading at AUD 24.58, up 0.20%. The disclosed allocation was 99.15% bonds and 0.85% cash. Australian geographic exposure accounted for 83.11%, followed by France at 7.27% and the United Kingdom at 6.98%. Management fees and costs were listed at 0.29%. The ten largest positions represented 38.92% of the portfolio. The fund’s November distribution sits within this fixed rate debt investment structure.

VanEck Australian Subordinated Debt ETF (ASX:SUBD)

SUBD employs passive management and invests primarily in securities from its subordinated debt reference index. At the time of writing on 30 October 2026, (ASX:SUBD) was trading at AUD 25.18, up 0.07%. Fund size was listed at AUD 3.97 billion, with 157,906,031 units outstanding. The disclosed allocation comprised 97.94% bonds and 2.06% cash. Australian geographic exposure was 85.10%, with the United Kingdom at 10.13% and France at 4.77%. Management fees and costs were 0.29%, and the listed annual Yield was 5.46%. The ten largest positions accounted for 42.27% of the disclosed portfolio.

VanEck Bentham Global Capital Securities Active ETF (ASX:GCAP)

GCAP actively invests predominantly in global capital securities. Its benchmark is the Australian cash rate plus 3.0%, describing the performance reference used by the strategy. At the time of writing on 30 October 2026, (ASX:GCAP) was trading at AUD 8.75, up 0.11%. Management fees and costs were listed at 0.59%. Geographic exposure included the United Kingdom at 16.90%, Canada at 13.21%, France at 9.48% and Australia at 9.01%. The ten largest disclosed positions represented 63.95% of the portfolio and included derivatives. Active global selection distinguishes its construction process from the index tracking approaches used by FSUB and SUBD.

The November Income Calendar

The three funds enter the same November distribution cycle through different capital securities strategies. FSUB’s fixed rate exposure, SUBD’s subordinated debt index portfolio and GCAP’s active global mandate define the investment differences. Their common payment date follows the shared ex-date and record date established in the October timetable.

FAQs

Q: When do these three ETFs trade ex-distribution?

A: All three have an ex-distribution date of 2 November 2026.

Q: What is the record date for this payment cycle?

A: The record date is 3 November 2026 for each fund.

Q: Are the payment dates the same?

A: Yes. Payment is scheduled for 17 November 2026 for all three funds.

Q: What distinguishes their investment approaches?

A: FSUB tracks fixed rate subordinated debt, SUBD tracks subordinated debt, and GCAP actively selects global capital securities.

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