MQSD
Actively managedFixed IncomeMacquarie Subordinated Debt Active ETF
About this ETF
The Fund aims to outperform the Bloomberg AusBond Bank Bill Index over a rolling three-year basis (before fees). It aims to provide regular monthly distributions with some potential for growth. The Fund provides exposure to a diversified portfolio of subordinated bonds, which 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 with respect to a repayment in the event of a default.
Scout Score
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.
Strengths
- Attractive yield — 5.59%, higher than 96% of active Fixed Income peers.
- Highly liquid — 0.02% bid/ask spread, better than 92% of active Fixed Income peers.
- Large, established fund — $1.1B in assets, bigger than 79% of active Fixed Income funds.
Weaknesses
No notable weaknesses found relative to category peers.