Betashares Western Asset Australian Bond Fund (managed fund)

BNDS
Attractive income from an actively managed portfolio of Australian bonds
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Investment goal
Defensive Income

Overview

Fund objective

BNDS invests in an actively managed, diversified portfolio of Australian bonds and aims to outperform the Bloomberg AusBond Composite Index over rolling three-year periods.

The Fund is managed by Franklin Templeton’s Specialist Investment Manager, Western Asset – one of the world’s leading fixed income managers.

Benefits

Core fixed income solution

Fund invests in a broad portfolio of Australian fixed income securities and is designed to be a ‘one stop’ core fixed income solution

Attractive income paid monthly

Income is paid monthly at a rate expected to be higher than cash and term deposits.

Defensive characteristics

Australian bonds historically have tended to rise in value when Australian shares have fallen.

There are risks associated with an investment in BNDS, including interest rate risk, credit risk and market 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.

Invest in BNDS with Betashares Direct

Invest in BNDS brokerage-free with a Betashares Direct account. You can also buy or sell BNDS using an online broker or your financial adviser.

Key facts

Profile

Units outstanding* (#) 32,822,134
Management fee and cost** (p.a.) 0.42%
Investment manager Franklin Templeton Australia Limited
Distribution frequency Monthly
Distribution reinvestment plan (DRP) Full or partial participation available
Issuer Betashares Capital Ltd
Registry Link Market Services

* As at 5 December 2024
**Certain additional costs apply. Please refer to PDS.

Net assets*
$775,271,212

Pricing information

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)
NAV * As at 5 December 2024
NAV/Unit* $23.62
* Data is delayed by at least 20 minutes.
Download NAV history
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Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Trading information

ASX code BNDS
Bloomberg code BNDS AU
IRESS code BNDS.AXW
Market makers Susquehanna Pacific

Index information

Index N/A
Index provider N/A
Index ticker N/A
Bloomberg index ticker N/A

Performance

Fund returns after fees (%)

 FundBloomberg AusBond Composite Index
1 month1.18%1.14%
3 months-0.39%-0.46%
6 months3.31%3.02%
1 year5.87%5.16%
3 year p.a.-0.76%-0.93%
5 year p.a.-0.48%-0.61%
10 year p.a.--
Since inception1.39%1.29%
Inception date7-Nov-18-
* As at 29 November 2024.
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.

Portfolio characteristics

Running yield (% p.a.)info 3.68
Yield to maturity (% p.a.)info 4.68
Yield to worst (% p.a.)info 4.66
Average maturity (yrs)info 5.99
Modified duration (yrs)info 5.16
Average credit ratinginfo AA

* As at 06 December 2024

Holdings and allocation

Portfolio holdings

Name Weight (%)
AUSTRALIAN GOVERNMENT 2.75% MAY-41 2.3
AUSTRALIAN GOVERNMENT 3.75% MAY-34 1.6
AUSTRALIAN GOVERNMENT 3.0% MAR-47 1.5
AUSTRALIAN GOVERNMENT 1.75% NOV-32 1.5
AUD - AUSTRALIA DOLLAR 1.5
TREASURY CORP VICTORIA 1.5% SEP-31 1.4
AUSTRALIAN GOVERNMENT 3.5% DEC-34 1.4
NEW S WALES TREASURY CRP 1.5% FEB-32 1.4
TREASURY CORP VICTORIA 2.25% NOV-34 1.4
NEW S WALES TREASURY CRP 1.75% MAR-34 1.2
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* As at 6 December 2024. Excludes cash

Sector allocation

Australian State Government
26.1%
Corporate - Financial
24.0%
Corporate - Non Financial
19.3%
Australian Govt
18.0%
Government Special Purpose Bank
3.9%
Supranational
3.4%
Sovereign Agency
3.1%
Foreign Local Authority
2.2%

* As of 31 October 2024

Distributions

Frequency and yield

Distribution frequency Monthly
12 mth distribution yield* 4.0%

*As at 31 October 2024. 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. Past performance is not indicative of future performance.

You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.

Recent distributions

Ex DateRecord DatePayment DateDistribution Unit ($)Annual Distribution Return (%) (1)
2-Dec-243-Dec-2417-Dec-24$0.0744734.12%
1-Nov-244-Nov-2418-Nov-24$0.0744444.20%
1-Oct-242-Oct-2416-Oct-24$0.0761714.22%
2-Sep-243-Sep-2417-Sep-24$0.0785664.11%
1-Aug-242-Aug-2416-Aug-24$0.084674.08%
1-Jul-242-Jul-2416-Jul-24$0.0719943.94%
3-Jun-244-Jun-2419-Jun-24$0.0794983.63%
1-May-242-May-2416-May-24$0.0834883.47%
2-Apr-243-Apr-2417-Apr-24$0.0726333.40%
1-Mar-244-Mar-2418-Mar-24$0.0748943.31%
1-Feb-242-Feb-2416-Feb-24$0.0849083.19%
2-Jan-243-Jan-2417-Jan-24$0.0752413.12%
1-Dec-234-Dec-2318-Dec-23$0.075372.96%
1-Nov-232-Nov-2316-Nov-23$0.079282.76%
2-Oct-233-Oct-2317-Oct-23$0.0688032.68%
1-Sep-234-Sep-2318-Sep-23$0.0743292.61%
1-Aug-232-Aug-2316-Aug-23$0.0644812.28%
3-Jul-234-Jul-2318-Jul-23$0.0141562.17%
1-Jun-232-Jun-2319-Jun-23$0.0630922.24%
1-May-232-May-2316-May-23$0.0476792.11%
3-Apr-234-Apr-2320-Apr-23$0.0373131.97%
1-Mar-232-Mar-2316-Mar-23$0.0496631.81%
1-Feb-232-Feb-2316-Feb-23$0.049521.69%
3-Jan-234-Jan-2318-Jan-23$0.0734131.54%
1-Dec-222-Dec-2216-Dec-22$0.0353921.39%
1-Nov-222-Nov-2216-Nov-22$0.0454191.33%
3-Oct-224-Oct-2218-Oct-22$0.0478041.21%
1-Sep-222-Sep-2216-Sep-22$0.0158491.13%
1-Aug-222-Aug-2216-Aug-22$0.0279421.22%
1-Jul-224-Jul-2218-Jul-22$0.0274021.21%
1-Jun-222-Jun-2217-Jun-22$0.0292291.28%
2-May-223-May-2217-May-22$0.0264891.23%
1-Apr-224-Apr-2220-Apr-22$0.0283161.21%
1-Mar-222-Mar-2216-Mar-22$0.0255761.24%
1-Feb-222-Feb-2216-Feb-22$0.028321.21%
4-Jan-225-Jan-2219-Jan-22$0.0283161.22%
1-Dec-212-Dec-2116-Dec-21$0.0285511.18%
1-Nov-212-Nov-2116-Nov-21$0.0277011.07%
1-Oct-214-Oct-2118-Oct-21$0.0286561.00%
1-Sep-212-Sep-2116-Sep-21$0.0368891.03%
2-Aug-213-Aug-2117-Aug-21$0.0327611.03%
1-Jul-212-Jul-2116-Jul-21$0.0470011.02%
1-Jun-212-Jun-2117-Jun-21$0.0147790.98%
3-May-214-May-2118-May-21$0.0124711.02%
1-Apr-216-Apr-2120-Apr-21$0.0263371.05%
1-Mar-212-Mar-2116-Mar-21$0.0223461.23%
1-Feb-212-Feb-2116-Feb-21$0.0328251.40%
4-Jan-215-Jan-2119-Jan-21$0.0188162.14%
1-Dec-202-Dec-2016-Dec-20$0.035362.54%
2-Nov-203-Nov-2017-Nov-20$0.0350312.56%
1-Oct-202-Oct-2016-Oct-20$0.031662.54%
1-Sep-202-Sep-2016-Sep-20$0.0409622.61%
3-Aug-204-Aug-2018-Aug-20$0.0233952.65%
1-Jul-202-Jul-2016-Jul-20$0.0221392.71%
1-Jun-202-Jun-2017-Jun-20$0.0735012.96%
1-May-204-May-2018-May-20$0.0643872.92%
1-Apr-202-Apr-2020-Apr-20$0.2326522.86%
2-Mar-203-Mar-2017-Mar-20$0.0358862.28%
3-Feb-204-Feb-2018-Feb-20$0.0474752.33%
2-Jan-203-Jan-2017-Jan-20$0.030472.32%
2-Dec-193-Dec-1917-Dec-19$0.0400722.55%
1-Nov-194-Nov-1918-Nov-19$0.035942-
1-Oct-192-Oct-1916-Oct-19$0.057877-
2-Sep-193-Sep-1917-Sep-19$0.039001-
1-Aug-192-Aug-1916-Aug-19$0.039121-
1-Jul-192-Jul-1916-Jul-19$0.080802-
3-Jun-194-Jun-1919-Jun-19$0.054149-
1-May-192-May-1916-May-19$0.03879-
1-Apr-192-Apr-1916-Apr-19$0.066085-
1-Mar-194-Mar-1918-Mar-19$0.046717-
1-Feb-194-Feb-1918-Feb-19$0.051594-
2-Jan-193-Jan-1917-Jan-19$0.06838-
3-Dec-184-Dec-1818-Dec-18$0.036176-

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.