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BNDS

Actively managedFixed Income

BetaShares Western Asset Australian Bond Active ETF

About this ETF

The investment approach aims to capture returns from a variety of actively-managed sources, including interest rate management (duration and yield curve positioning), sector and security selection. Risk management is a core focus and is supported by credit research, diversification of holdings and investment guidelines.

IssuerBetaShares
Management fee (MER)0.42% p.a.
Inception date16 Nov 2018
BenchmarkBloomberg AusBond Composite 0+Y TR AUD

Scout Score

74/100
Ranked #4 of 30 in active Fixed Income

An independent score calculated by ETF Scout across 6 real-data factors (cost, diversification, liquidity, fund strength, performance, income), ranked against other actively-managed funds in the same category. Tracking isn't scored, since active funds don't target an index.

Cost66
Diversification100
Liquidity57
Fund Strength93
Performance14
Income86

Strengths

  • Well diversified — top holdings are 14.7% of the fund, less concentrated than 100% of active Fixed Income peers.
  • Large, established fund — $836M in assets, bigger than 93% of active Fixed Income funds.
  • Attractive yield — 4.75%, higher than 86% of active Fixed Income peers.

Weaknesses

  • Weak long-term return — +1.3% p.a. (blended), trails 86% of rated active Fixed Income peers.

Performance (as of 30 Oct 2026)

Total returns, net of fees. Periods longer than 1 year are annualised.

1 Month+1.14%
3 Months-0.07%
YTD+2.39%
1 Year+0.17%
3 Years (p.a.)+4.99%
5 Years (p.a.)+1.07%

Price history

Cumulative return over the selected period, indexed to 0% at the start of the range.

-16%-11%-7%-2%+2%2021-112023-022024-052025-082026-11

Top holdings (as of 4 Nov 2026)

The fund's largest individual holdings, ranked by portfolio weight.

  1. 1.Australian Government 3.5% Dec-342.00%
  2. 2.New S Wales Treasury Crp 1.5% Feb-321.73%
  3. 3.AUD - Australia Dollar1.68%
  4. 4.Australian Government 2.75% May-411.57%
  5. 5.Australian Government 3.75% May-341.40%
  6. 6.Treasury Corp Victoria 1.5% Sep-311.31%
  7. 7.Treasury Corp Victoria 2.25% Nov-341.30%
  8. 8.Treasury Corp Victoria 4.75% Sep-361.26%
  9. 9.New S Wales Treasury Crp 4.75% Feb-351.23%
  10. 10.New S Wales Treasury Crp 1.75% Mar-341.22%
  11. 11.Treasury Corp Victoria 1.5% Nov-301.21%
  12. 12.Australian Government 2.75% Jun-351.21%
  13. 13.Treasury Corp Victoria 2.0% Sep-351.19%
  14. 14.Australian Government 3.75% Apr-371.13%
  15. 15.New S Wales Treasury Crp 2.0% Mar-311.09%
  16. 16.Treasury Corp Victoria 2.25% Sep-331.07%
  17. 17.Australian Government 4.25% Mar-361.07%
  18. 18.Australian Government 4.25% Oct-361.03%
  19. 19.Treasury Corp Victoria 4.25% Dec-320.95%
  20. 20.New S Wales Treasury Crp 3.0% Feb-300.93%