BSUB
Fixed IncomeAustralian Major Bank Subordinated Debt ETF
About this ETF
BSUB aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of floating rate subordinated bonds issued by the four major Australian banks.
IssuerBetaShares
Management fee (MER)0.29% p.a.
Inception date6 May 2024
Scout Score
40/100
Ranked #43 of 58 in Fixed IncomeAn independent score calculated by ETF Scout across 7 real-data factors (cost, diversification, tracking, liquidity, fund strength, performance, income), ranked against other funds in the same category.
Cost25
Diversification13
Tracking31
Liquidity70
Fund Strength53
Performance95
Income81
Strengths
- Strong long-term return — +5.1% p.a. (blended), beats 95% of rated Fixed Income peers.
- Attractive yield — 5.01%, higher than 81% of Fixed Income peers.
- Highly liquid — 0.08% bid/ask spread, better than 70% of Fixed Income peers.
Weaknesses
- Concentrated holdings — top holdings make up 82.2% of the fund, more concentrated than 87% of Fixed Income peers.
- Higher fee — 0.29% p.a., more expensive than 75% of Fixed Income funds.
- Wider index tracking — 2.83% tracking error, looser than 69% of Fixed Income peers.
Performance (as of 5 Nov 2026)
Total returns, net of fees. Periods longer than 1 year are annualised.
1 Month+0.31%
3 Months+1.02%
YTD+4.22%
1 Year+4.86%
Price history
Cumulative return over the selected period, indexed to 0% at the start of the range.
Top holdings (as of 4 Nov 2026)
The fund's largest individual holdings, ranked by portfolio weight.
- 1.Australia & New Zealand Banking Group Ltd 6.411% Jan-3410.01%
- 2.Australia & New Zealand Banking Group Ltd 5.9826% Jan-359.42%
- 3.
Westpac Banking Corp 5.7726% Aug-369.22%
- 4.
Commonwealth Bank of Australia 6.3577% Sep-358.49%
- 5.
National Australia Bank Ltd 6.4548% Feb-348.37%
- 6.
- 7.
- 8.
- 9.
- 10.Australia & New Zealand Banking Group Ltd 6.857% May-336.64%
- 11.
- 12.
- 13.
- 14.AUD - Australia Dollar0.73%