Key Highlights

  • Betashares Australian Major Bank Hybrids Index ETF (ASX:BHYB) aims to track the Solactive Australian Banking Preferred Shares Index, before fees and expenses.
  • The fund holds 18 securities issued by the major banks, with the top ten making up 65.19% of the portfolio.
  • Fund size is $674.57 million, the management fee is 0.35% and distributions are paid monthly.

Betashares Australian Major Bank Hybrids Index ETF (ASX:BHYB) is an exchange traded fund whose investment objective is to provide a return that aims to track the performance of the Solactive Australian Banking Preferred Shares Index, before taking into account fees and expenses. Admitted to the ASX on 23 April 2021, the fund has a fund size of $674.57 million and a management fee of 0.35%. This article covers its portfolio and monthly distribution schedule.

Exposure and Investment Approach

The fund is categorised as Unconstrained Fixed Income, a category with broad scope to build a portfolio with little reference to traditional bond indices, and which can include hybrid securities among a mix of other investments. BHYB focuses on preferred shares and hybrid securities issued by Australian banks, and 98.76% of the portfolio is in Australia.

Portfolio Composition

The fund holds 18 securities, and the ten largest account for 65.19% of the portfolio. They are bank hybrid securities issued by National Australia Bank (8.61% and 7.38%), Commonwealth Bank of Australia (6.40%, 6.33%, 5.69% and 5.67%), Westpac Banking Corporation (6.52%, 6.37% and 5.92%) and ANZ (6.25%).

Geographic exposure is Australia (98.76%), with small allocations to Canada (0.58%), Singapore (0.33%) and New Zealand (0.17%).

Key Features to Understand

Holdings are issued by National Australia Bank, Commonwealth Bank of Australia, Westpac Banking Corporation and ANZ, with individual positions between 5.67% and 8.61% in the top ten. Distributions have been paid monthly, with recent monthly amounts shown for June to October 2026, and a distribution timetable was published on 26 October 2026.

Distribution Details

The fund's most recent recorded distribution was an interim distribution of $0.039 per unit, with an ex-date of 1 October 2026, a record date of 2 October 2026 and payment on 16 October 2026.

Fund Details at a Glance

  • Fund name: Betashares Australian Major Bank Hybrids Index ETF (ASX:BHYB)
  • Issuer: Betashares
  • Category: Unconstrained Fixed Income
  • Benchmark: Solactive Aus Bankg Pref Shares AUD
  • Admitted to the ASX: 23 April 2021
  • Fund size: $674.57 million
  • Management fee: 0.35%
  • ISIN: AU0000134876

Recent Announcements

Recent announcements include a distribution timetable on 26 October 2026, a DRP issue price and final distribution announcement on 1 October, an estimated distribution announcement on 29 September and a units on issue disclosure for September 2026 on 6 October.

Closing Perspective

Betashares Australian Major Bank Hybrids Index ETF holds 18 bank hybrid securities and pays monthly distributions, with a 0.35% management fee. Its most recent distribution was an interim distribution of $0.039 per unit, paid on 16 October 2026.