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RCB

Fixed Income

Australian Select Corporate Bond ETF

About this ETF

Aims to track an index of the largest and most liquid investment-grade Australian corporate bonds, predominantly major bank senior debt, equally weighted at each quarterly reconstitution.

IssuerRussell Investments
Management fee (MER)0.28% p.a.
Inception date8 Mar 2012
BenchmarkDBIQ 0-4 year Investment Grade Australian Corporate Bond Index

Scout Score

33/100
Ranked #54 of 58 in Fixed Income

An 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.

Cost26
Diversification5
Tracking27
Liquidity50
Fund Strength72
Performance—
Income53

Strengths

  • Large, established fund — $364M in assets, bigger than 72% of Fixed Income funds.

Weaknesses

  • Concentrated holdings — top holdings make up 92.3% of the fund, more concentrated than 95% of Fixed Income peers.
  • Higher fee — 0.28% p.a., more expensive than 74% of Fixed Income funds.
  • Wider index tracking — 2.86% tracking error, looser than 73% of Fixed Income peers.

Top holdings (as of 30 Jun 2026)

Russell Investments discloses these as a ranked list only — individual weights per holding aren't published. Together, these top 10 holdings make up 92.34% of the fund.

  1. 1.Westpac Banking Corp 5% 01/29 logoWestpac Banking Corp 5% 01/2911.69%
  2. 2.National Australia Bank 5% 11/29 logoNational Australia Bank 5% 11/2911.41%
  3. 3.Westpac Banking Corp 5.1% 05/29 logoWestpac Banking Corp 5.1% 05/2910.86%
  4. 4.Commonwealth Bank of Australia 5.03% 01/31 logoCommonwealth Bank of Australia 5.03% 01/3110.01%
  5. 5.Westpac Banking Corp 4.5% 10/30 logoWestpac Banking Corp 4.5% 10/309.90%
  6. 6.Australia & New Zealand Banking Group 4.95% 02/299.76%
  7. 7.Commonwealth Bank of Australia 4.239% 08/30 logoCommonwealth Bank of Australia 4.239% 08/308.99%
  8. 8.Commonwealth Bank of Australia 5% 01/28 logoCommonwealth Bank of Australia 5% 01/288.21%
  9. 9.National Australia Bank 4.85% 03/29 logoNational Australia Bank 4.85% 03/297.47%
  10. 10.National Australia Bank 4.6% 03/30 logoNational Australia Bank 4.6% 03/304.04%