Key Highlights

  • Ardea Real Outcome Bond Complex ETF (ASX:XARO) is listed in the Alternative - Other category with a fund size of $147.10 million and a management fee of 0.50%.
  • Reported asset allocation shows bond at 98.60%, with Australia the largest geographic exposure at 89.16%.
  • The latest interim distribution is $0.000 per unit, with a payment date of 21 Oct 2026.

Introduction: Fund Overview

Ardea Real Outcome Bond Complex ETF (ASX:XARO) is an exchange traded fund listed on the ASX within the Alternative - Other category. It was admitted to the exchange on 10 December 2018, and its benchmark is the CPI. The fund is a separate class of units in the ActiveX Trust, a registered managed investment scheme administered by Fidante, and its units trade on the AQUA market on the ASX.

The management fee listed for the fund is 0.50%. The fund’s head office is listed in Sydney. The sections below walk through the latest trading snapshot, portfolio composition, distribution information, risk measures and recent announcements for the fund.

Latest Trading Snapshot

The last price was $25.12, unchanged on the session (0.00%), against a previous close of $25.12. Trading volume stood at 2,079 units, with a bid and offer range of $25.10 to $25.20. The day range was $25.12 - $25.18. Average volume is shown as 7,146 units. On size, the fund size is $147.10 million and units outstanding total 5,855,890. Prices are delayed by at least 20 minutes.

Portfolio Composition and Allocation

Asset allocation data lists bond at 98.60%, other at 2.81%, stock at 0.25% and cash at -1.65%. Figures below zero or above 100% point to borrowing or derivative positions within the structure, which is reflected in how Morningstar reports the allocation.

By geography, Australia accounts for 89.16%, Canada accounts for 7.68%, France accounts for 3.12% and United States accounts for 0.04%. The fund has 766 total holdings. The holdings listed include New South Wales Treasury Corporation 2.75% (55.25%), Australian Commonwealth Government Loans (34.33%), Australia (Commonwealth of) 2.5% (34.24%), Treasury Corporation of Victoria 2.25% (6.63%) and New South Wales Treasury Corporation 1.75% (5.06%).

Distribution Information

The most recent distribution listed is an interim distribution of $0.000 per unit, with an ex-date of 01 Oct 2026, a record date of 02 Oct 2026 and a payment date of 21 Oct 2026.

Risk Measures and Recent Announcements

The fund has a standard deviation of 2.84. Recent announcements include FY2026 Annual Financial Report (29/09/2026), Final September 2026 Quarterly Distribution (05/10/2026) and Fund Changes (09/10/2026).

Category and Market Context

The Alternative - Other category groups funds that do not fit conventional equity or bond classifications. This fund is benchmarked to CPI, which frames its objective around inflation-linked outcomes rather than a share market or bond index.

Key Risks and Considerations

The fund’s structure involves derivatives and borrowing-style exposures, which is why the reported holdings add up to more than 100%. Interest rate movements, credit risk on government and semi-government issuers and changes in inflation expectations can all affect outcomes.

What to Watch Ahead

Items that readers following Ardea Real Outcome Bond Complex ETF (ASX:XARO) may track include the next monthly units-on-issue disclosure, distribution announcements and any portfolio or investment updates from the manager. Changes in the sector and asset mix, trading volumes and the fund’s size over time will also show how the portfolio is evolving. This article is informational and does not constitute investment advice.

The Bottom Line

Ardea Real Outcome Bond Complex ETF (ASX:XARO) is a Alternative - Other fund admitted to the ASX on 10 December 2018, with the latest ASX data showing a last price of $25.12 and no change on the session, a portfolio led by bond at 98.60%, and a latest interim distribution of $0.000 per unit. Reading these figures alongside the fund’s category, fee, structure and risk measures gives a fuller picture of how the ETF is built and how it has been trading.