Active Australian Hybrids Fund (managed fund)
Attractive income from actively managed hybrid securities
HBRD aims to provide investors with attractive income returns from an actively managed, diversified portfolio of primarily hybrid securities.
HBRD will invest in an actively managed portfolio of hybrid securities overseen by a professional investment manager. If the hybrids market is assessed to be overvalued or to present a heightened risk of capital loss, the Fund can allocate more of the portfolio to lower risk securities such as cash or bonds.
Benefits of HBRD
Professionally managed hybrids exposure
HBRD offers convenient exposure to a diversified portfolio of hybrids, which seeks to reduce the potential downside risk of directly holding individual hybrids.
Attractive, tax-efficient income paid monthly
HBRD pays income monthly at a rate expected to be significantly higher than cash and senior bonds, along with franking credits.
Active management by a fixed income specialist targets lower volatility and reduced risk. Fund is able to increase exposure to cash and bonds if required given market conditions in order to reduce risk.
There are risks associated with an investment in HBRD, including interest rate risk, credit risk, hybrids complexity risk and sector concentration risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
How to Invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.
|% Change (prev day)|
* Data is delayed by at least 20 minutes.
* As at 4 April 2023 04:04 PM
* As at 30 November 2023
|Net assets* ($A)||$2,131,103,222|
|Units outstanding* (#)||211,285,743|
|Management fee and cost** (p.a.)||0.55%|
|Investment manager||Coolabah Capital Institutional Investments Pty Ltd|
|Distribution reinvestment plan (DRP)||Full or partial participation available|
|Issuer||Betashares Capital Ltd|
|Registry||Link Market Services|
* As at 30 November 2023**Certain additional costs apply, including a fee of 15.5% of outperformance above a benchmark.
|Bloomberg code||HBRD AU|
|iNAV IRESS code||HBRDINAV.ETF|
|Market makers||Susquehanna Pacific|
|Index||Solactive Australian Hybrid Securities Index|
|Index provider||Solactive AG|
|Bloomberg index ticker||SOLAUDHN Index|
|Gross running yield (% p.a.)||6.51|
|Net running yield (% p.a.)||5.78|
|All-in yield (% p.a.)||6.18|
|Estimated yield to worst (% p.a.)||6.16|
|Discount margin (bps)||181.33|
Holdings & allocation
|AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 0.0% MAY-33||5.0%|
|NATL AUSTRALIABK NAB 1.42939 PERP||4.3%|
|NATIONAL AUSTRALIA BANK LTD 0.0% NOV-31||4.2%|
|WESTPAC BANKING CORP 0.0% JUN-33||4.1%|
|WESTPAC BANKING WSTP 1.52182 PERP||3.7%|
|WESTPAC BANKING WSTP 1.10454 PERP||3.6%|
|COMMONWEALTH BANK OF AUSTRALIA 0.0% APR-32||3.1%|
|COMMONWEALTH BANK OF AUSTRALIA 0.0% AUG-31||3.0%|
|COMMONWEALTH BANK OF AUSTRALIA 0.0% SEP-30||3.0%|
|NATIONAL AUSTRALIA BANK||2.9%|
* As at 31 October 2023. Excludes cash
* As of 31 October 2023
Fund returns after fees (%)
|Fund (Net)||Fund (Gross)||Index|
|3 year p.a.||3.21%||4.17%||3.43%|
|5 year p.a.||3.56%||4.55%||3.76%|
|10 year p.a.||-||-||-|
* As at 31 October 2023.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown. Net refers to total return performance net of management fees and net of franking credits, Gross refers to total return performance net of management fees and inclusive of franking credits.
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
|12 mth distribution yield*||4.9%|
|12 mth gross distribution yield*||6.1%|
*As at 31 October 2023. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Franking level is total franking level over the last 12 months. Past performance is not indicative of future performance.
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance