ASX HBRD | Active Australian Hybrids Fund | BetaShares
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OVERVIEW

Fund Objective

HBRD aims to provide investors with attractive income returns from an actively managed, diversified portfolio of primarily hybrid securities.

Fund Strategy

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

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.

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.

KEY FACTS

Pricing Information 1 June 2020

Current Price
Last Trade* -
% Change (prev day) -
Bid (delayed) -
Offer (delayed) -
iNAV (live)**
iNAV stands for Indicative Net Asset Value. It is updated every 60 seconds and provides an estimate of the net asset value of the Fund during the trading day
$9.906
*Data is delayed by at least 20 minutes.
* As at 1 June 2020 01:27 PM
Download NAV history
NAV
NAV/Unit * $9.91
* As at 29 May 2020

Profile

Net Assets* ($A) $679,285,082
Units Outstanding* (#) 68,577,277
Mgmt Costs** (% p.a.) 0.55%
Distribution Frequency Monthly
Distribution Reinvestment Plan (DRP) Full or partial participation available
Issuer BetaShares Capital Ltd
Investment Manager Coolabah Capital Institutional Investments Pty Ltd
Fund Administrator RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As at 29 May 2020
**Certain additional costs apply, including a fee of 15.5% of outperformance above a benchmark.

Trading Information

ASX Code HBRD
Bloomberg Code HBRD AU
IRESS Code HBRD.ASX
Trading Hours 10:00-16:00 (AEST)
iNAV IRESS Code HBRDINAV.ETF
SMSF Eligible Yes

Index Information

Index Solactive Australian Hybrid Securities Index
Index Provider Solactive AG
Index Ticker HBRD
Bloomberg Index Ticker SOLAUHDN Index

Portfolio Characteristics

Portfolio Gross Yield (% p.a.)
Average estimated gross yield (weighted by market value and inclusive of franking credits) of the hybrids in the portfolio, divided by the current market price of the securities. Provides an indication of expected current income from making an investment at market price. This figure is indicative only and will vary over time. Not all investors will be able to obtain the full value of franking credits.
4.14%
Portfolio Net Yield (% p.a.)
Average yield (weighted by market value) of the hybrids in the portfolio, divided by the current market price of the securities. Provides an indication of expected current income from making an investment at market price. This value will vary over time.
3.04%
Number of constituents (#) 36
As at 29 May 2020

Portfolio Holdings

Name (in alphabetical order)
ANZPE
ANZPG
CBAPD
CBAPH
NABPB
NABPD
NABPF
WBCPG
WBCPH
WBCPI
* As at 30 April 2020

Sector Allocation

Preference Shares
95.7%
Capital Notes
1.6%
Senior Bonds
0.0%
Subordinated Bonds
0.0%
Cash
2.7%
* As of 30 April 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund (Net) Fund (Gross) Index
1 month 3.45% 3.57% 4.55%
3 months -2.74% -2.48% -3.68%
6 months -2.05% -1.55% -2.57%
1 year 1.33% 2.33% 1.07%
3 year p.a - - -
5 year p.a - - -
Since inception (p.a) 2.92% 3.93% 2.88%
Inception date 13-Nov-17 - -
* As at 30 April 2020

Chart

Chart Type
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.

DISTRIBUTIONS

Yield Information

Distribution Frequency Monthly
12 Mth Distribution Yield* (%) 3.3%
12 Mth Gross Distribution Yield* (%) 4.3%
Franking Level 70.7%
*As at 30 April 2020. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Franking level is total franking level over the last 12 months. Past performance is not an indicator of future performance.

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-May-20 4-May-20 18-May-20 $0.02536 3.51%
1-Apr-20 2-Apr-20 20-Apr-20 $0.02773 3.15%
2-Mar-20 3-Mar-20 17-Mar-20 $0.02364 3.33%
3-Feb-20 4-Feb-20 18-Feb-20 $0.02635 3.46%
2-Jan-20 3-Jan-20 17-Jan-20 $0.02744 3.55%
2-Dec-19 3-Dec-19 17-Dec-19 $0.0246 3.64%
1-Nov-19 4-Nov-19 18-Nov-19 $0.02448 3.71%
1-Oct-19 2-Oct-19 16-Oct-19 $0.02607 3.81%
2-Sep-19 3-Sep-19 17-Sep-19 $0.02655 3.85%
1-Aug-19 2-Aug-19 16-Aug-19 $0.02787 3.94%
1-Jul-19 2-Jul-19 16-Jul-19 $0.02874 4.04%
3-Jun-19 4-Jun-19 19-Jun-19 $0.03156 4.07%
1-May-19 2-May-19 16-May-19 $0.03307 4.05%
1-Apr-19 2-Apr-19 16-Apr-19 $0.03175 4.07%
1-Mar-19 4-Mar-19 18-Mar-19 $0.03064 3.96%
1-Feb-19 4-Feb-19 18-Feb-19 $0.0334 3.95%
2-Jan-19 3-Jan-19 17-Jan-19 $0.03312 3.94%
3-Dec-18 4-Dec-18 18-Dec-18 $0.03136 4.08%
1-Nov-18 2-Nov-18 16-Nov-18 $0.03499 -
1-Oct-18 2-Oct-18 16-Oct-18 $0.03024 -
3-Sep-18 4-Sep-18 18-Sep-18 $0.03311 -
1-Aug-18 2-Aug-18 16-Aug-18 $0.03496 -
2-Jul-18 3-Jul-18 17-Jul-18 $0.03179 -
1-Jun-18 4-Jun-18 19-Jun-18 $0.03322 -
1-May-18 2-May-18 16-May-18 $0.03412 -
3-Apr-18 4-Apr-18 18-Apr-18 $0.03022 -
1-Mar-18 2-Mar-18 16-Mar-18 $0.02884 -
1-Feb-18 2-Feb-18 16-Feb-18 $0.03323 -
2-Jan-18 3-Jan-18 17-Jan-18 $0.04807 -
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ANNOUNCEMENTS

ASX Announcements: HBRD

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RESOURCES

Factsheet- HBRD
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Fund Flyer - HBRD
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The Case for HBRD
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Product Disclosure Statement Updates - HBRD
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Product Disclosure Statement - HBRD
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Annual Report - June 2019
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NRWT and Fund Payment Notice information - April 2020 distributions
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NRWT and Fund Payment Notice information - March 2020 distributions
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NRWT and Fund Payment Notice information - February 2020 distributions
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NRWT and Fund Payment Notice information - January 2020 distributions
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NRWT and Fund Payment Notice information - December 2019 distributions
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NRWT and Fund Payment Notice information - November 2019 distributions
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NRWT and Fund Payment Notice information - October 2019 distributions
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NRWT and Fund Payment Notice information - September 2019 distributions
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NRWT and Fund Payment Notice information - August 2019 distributions
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NRWT and Fund Payment Notice information - July 2019 distributions
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NRWT and Fund Payment Notice information - June 2019 distributions
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NRWT and Fund Payment Notice information – May 2019 distributions
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Interim Financial Report 2018
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2020 BetaShares Distribution Calendar
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LEARN MORE ABOUT HBRD

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