Key highlights

  • Macquarie Subordinated Debt Active ETF (ASX:MQSD) was priced at $50.20 during the trading session on 22 October 2026, unchanged at 0.00%, with 80,728 units traded.
  • The fund data shows an annual yield of 5.50%, and the latest distribution was a interim distribution of $0.247 per unit with an ex-date of 1 October 2026.
  • The fund has a management fee of 0.29%, holds 100 positions and falls in Morningstar’s Diversified Credit category.

Macquarie Subordinated Debt Active ETF (ASX:MQSD), an exchange-traded fund managed by Macquarie, was priced at $50.20 during the trading session on 22 October 2026, unchanged at 0.00%. The fund data shows an annual yield of 5.50%, which places it among the ETFs with a yield of 5% or more on the data reviewed for this series. Its latest distribution was a interim distribution of $0.247 per unit. Yield figures are shown as presented on the fund data, are not forecasts, and are not a recommendation.

Today’s trading data

During the session on 22 October 2026, MQSD traded at $50.20, unchanged at 0.00%, against a previous close of $50.20. The day range was $50.17 to $50.21, the bid-offer range was $50.15 to $50.21, and 80,728 units had changed hands, compared with an average daily volume of 68,633 units.

The fund’s size is $1.10 billion, with 21,932,265 units outstanding, and its management fee is 0.29%. The data shows a beta of 0.10 and a standard deviation of 0.73. The fund was admitted to the ASX on 19 February 2025 and its ISIN is AU0000379034.

The yield figure and the latest distribution

The fund data shows an annual yield of 5.50% for MQSD. The most recent distribution was a interim distribution of $0.247 per unit, with an ex-date of 1 October 2026 and a payment date of 16 October 2026. The latest distribution of $0.247 per unit is an interim distribution, and the fund states an aim of regular monthly distributions.

An annual yield in fund data summarises distributions over a period and is not a promise of future income. The size and timing of distributions can change with the income the fund receives, and for equity and property funds distributions can include capital gains. For this reason, the latest distribution amount, the distribution type and the dates are the most direct figures for a reader to compare.

What the ETF is designed to do

The fund aims to outperform the Bloomberg AusBond Bank Bill Index on a rolling three-year basis, before fees, and aims to provide regular monthly distributions with some potential for growth. It provides exposure to a diversified portfolio of subordinated bonds, which the manager says may offer higher levels of yield than cash or other investment grade bonds. Subordinated bonds are typically unsecured debt securities that rank higher than equity but below senior debt securities in repayment if the issuer defaults. Morningstar places the fund in the Diversified Credit category.

The fund’s benchmark is shown as Bloomberg AusBond Bank 0+Y TR AUD. It had 100 holdings in the data, with a turnover ratio of not shown.

Allocation and exposure

Bonds are 97.40% of the fund, stocks 1.45%, cash 0.61% and other assets 0.55%. By geography, 78.77% is in the United States and 21.23% in Australia, compared with category averages of 12.34% and 58.51%. The fund data does not provide a meaningful company-size breakdown for the fund.

Top holdings

The ten largest positions make up 54.47% of the fund. They are ANZ Mtn at 8.01%, National Australia Bank Mtn Regs at 6.51%, Macquarie Bank Regs at 5.91%, QBE Insurance Group Mtn at 5.78%, Westpac Banking Mtn at 5.76%, Insurance Australia Group Regs at 4.94%, a second ANZ Mtn Regs security at 4.70%, a second Westpac Mtn Regs security at 4.56%, Commonwealth Bank of Australia Mtn at 4.54% and Credit Agricole Mtn Regs at 3.71%.

Recent filings

Recent announcements for MQSD include the monthly redemptions, applications, units on issue and OTC notice on 7 October 2026, a final distribution and DRP issue price notice on 2 October, full year accounts on 30 September, an estimated distribution notice on 28 September and a monthly notice on 7 September 2026. The fund’s head office is at 1 Elizabeth Street, Sydney.

Wrapping up

Macquarie Subordinated Debt Active ETF shows an annual yield of 5.50% in the fund data and traded at $50.20 on 22 October 2026. Its holdings, fee and distribution details are set out above, and the fund’s own announcements are the source for its detailed distribution components.