Key Highlights

  • SBSL (ASX:SBSL) gives exposure to US leveraged senior loans through a single underlying fund, hedged to AUD.
  • The underlying holding, the State Street Blackstone Senior Loan ETF, makes up 99.06% of the fund.
  • Bonds and loans make up 92.04% of the portfolio, with the United States at 73.45%.
  • Management fees and costs are 0.70%.

State Street Blackstone Senior Loan (AUD Hedged) Active ETF (ASX:SBSL) traded at $49.42 during the trading session on 30 October 2026, with no change and no units traded. SBSL gives investors exposure to floating-rate senior loans made to US companies below investment grade. The loans are held through a US-domiciled underlying fund, and the currency is hedged to Australian dollars through rolling one-month forward contracts. The fund was admitted to the ASX on 7 August 2026.

Fund Details

The ISIN is AU0000477713 and management fees and costs are 0.70% a year. The benchmark is the Morningstar LSTA US Leveraged Loan Hedged AUD index, and the fund sits in the Non Investment Grade Debt category.

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

Loan Exposure and Geography

The fund's exposure runs through the State Street Blackstone Senior Loan ETF, which makes up 99.06% of the portfolio. Cash is 7.41%, bonds and loans together 92.04% and equities 0.55%.

Geographically, the United States makes up 73.45%, with the Cayman Islands at 17.30%, the United Kingdom at 3.16% and Canada at 1.52%. Because senior loans carry floating rates, the fund's income tends to move with short-term interest rates.

Session Trading

SBSL recorded no trades during the session on 30 October 2026, and the last price stayed at $49.42. The bid-offer range was $49.74 to $49.81.

How the Portfolio Is Built

The fund buys units in the underlying US senior loan fund and manages a currency hedge that converts the US dollar exposure into Australian dollars. The objective is to outperform the Morningstar LSTA US Leveraged Loan AUD Hedged index, with the active management carried out in the underlying fund.

What the Exposure Means

SBSL gives Australian investors a hedged route into US senior loans, which are floating-rate credit to companies below investment grade. Its exposure is to the loan market, with the currency removed from the Australian dollar return.