Key Highlights

  • SBHI (ASX:SBHI) gives exposure to high-yield bonds and senior loans, with the currency hedged to AUD.
  • The fund holds 99.05% of its assets in the State Street Blackstone High Income ETF.
  • Bonds make up 96.18% of the fund, with the United States at 80.04%.
  • Management fees and costs are 0.70%.

State Street Blackstone High Income (AUD Hedged) Active ETF (ASX:SBHI) traded at $49.14 during the trading session on 30 October 2026, with no change and no units traded. SBHI is an active credit exposure to sub-investment grade US corporate debt, aiming to deliver the returns of a blend of high yield bonds and senior loans. The fund was admitted to the ASX on 7 August 2026.

Fund Details

The ISIN is AU0000477721 and management fees and costs are 0.70% a year. The investment objective is to outperform a composite benchmark made up of 50% high yield bonds and 50% high yield senior loans, with less volatility than the broad bond and loan markets over full market cycles.

Fund size and units on issue are not stated in this article, as the fund is newly admitted.

Credit Exposure and Geography

The fund's exposure runs through a single underlying holding, the State Street Blackstone High Income ETF, which makes up 99.05% of the portfolio. Bonds account for 96.18%, cash 3.79% and equities 0.03%.

Geographically, the United States makes up 80.04%, with the Cayman Islands at 9.82%, Canada at 2.74%, the United Kingdom at 2.49% and Japan at 1.43%. Credit quality is sub-investment grade, so the holdings are high-yield issuers.

Session Trading

SBHI recorded no trades during the session on 30 October 2026, and the last price stayed at $49.14. The bid-offer range was $49.21 to $49.32.

How the Portfolio Is Built

The fund holds units in the underlying US-domiciled high income ETF and applies currency hedging through rolling one-month forward contracts to convert the US dollar exposure into Australian dollars. The active management is carried out in the underlying fund.

Because the holdings are credit securities, the fund's behaviour is linked to corporate credit spreads and to the results of sub-investment grade issuers.

What the Exposure Means

SBHI gives Australian investors a hedged route into US high-yield bonds and senior loans through an active credit strategy. Its exposure is to lower-rated corporate borrowers, and its hedged structure keeps the currency effect out of the Australian dollar return.