RSM
Fixed IncomeAustralian Semi-Government Bond ETF
About this ETF
Aims to track an index of the largest and most liquid Australian state government (semi-government) bonds, equally weighted at each quarterly reconstitution.
IssuerRussell Investments
Management fee (MER)0.26% p.a.
Inception date8 Mar 2012
BenchmarkDBIQ 0-5 year Australian Semi-Government Bond Index
Scout Score
43/100
Ranked #39 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.
Cost32
Diversification8
Tracking75
Liquidity48
Fund Strength50
Performance—
Income35
Strengths
- Tight index tracking — 0.37% tracking error, tighter than 75% of Fixed Income peers.
Weaknesses
- Concentrated holdings — top holdings make up 85.0% of the fund, more concentrated than 92% of Fixed Income peers.
- Higher fee — 0.26% p.a., more expensive than 68% of Fixed Income funds.
- Below-average yield — 3.32%, lower than 65% 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 84.99% of the fund.
- 1.South Australian Government Financing Authority 2.75% 05/309.22%
- 2.Queensland Treasury Corp 1.75% 08/318.83%
- 3.South Australian Government Financing Authority 4.5% 05/318.80%
- 4.Treasury Corp of Victoria 1.5% 09/318.39%
- 5.Western Australian Treasury Corp 1.75% 10/318.39%
- 6.Tasmanian Public Finance Corp 4.75% 01/318.29%
- 7.Tasmanian Public Finance Corp 2% 01/308.29%
- 8.New South Wales Treasury Corp 1.25% 11/308.27%
- 9.Western Australian Treasury Corp 1.5% 10/308.26%
- 10.Queensland Treasury Corp 1.25% 03/318.25%