Betashares Western Asset Australian Bond Fund (managed fund)

BNDS

Attractive income from an actively managed portfolio of Australian bonds

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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 of BNDS

  • 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.

 

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

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)

* Data is delayed by at least 20 minutes.

NAV
NAV/Unit* $23.48

* As at 19 June 2024

Profile

Net assets* ($A) $687,219,978
Units outstanding* (#) 29,267,435
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 19 June 2024

**Certain additional costs apply. Please refer to PDS.

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

Portfolio characteristics

Running yield (% p.a.) 3.62
Yield to maturity (% p.a.) 4.82
Yield to worst (% p.a.) 4.81
Average maturity (yrs) 5.88
Modified duration (yrs) 5.23
Average credit rating AA
As at 20 June 2024

Holdings & allocation

Portfolio holdings

Name Weight (%)
AUSTRALIAN GOVERNMENT 2.75% MAY-41 2.4%
AUSTRALIAN GOVERNMENT 1.75% NOV-32 1.5%
NEW S WALES TREASURY CRP 1.5% FEB-32 1.5%
AUSTRALIAN GOVERNMENT 3.75% MAY-34 1.5%
AUSTRALIAN GOVERNMENT 3.0% MAR-47 1.5%
TREASURY CORP VICTORIA 1.5% SEP-31 1.3%
AUD - AUSTRALIA DOLLAR 1.3%
AUSTRALIAN GOVERNMENT 3.5% DEC-34 1.3%
AUSTRALIAN GOVERNMENT 4.5% APR-33 1.2%
TREASURY CORP VICTORIA 1.5% NOV-30 1.1%

* As at 19 June 2024. Excludes cash

Sector allocation

Australian State Government
24.6%
Corporate - Financial
23.9%
Corporate - Non Financial
20.0%
Australian Govt
17.9%
Government Special Purpose Bank
4.4%
Supranational
3.9%
Sovereign Agency
3.2%
Foreign Local Authority
2.1%

* As of 31 May 2024

Performance

Fund returns after fees (%)

  Fund Bloomberg AusBond Composite Index
1 month 0.50% 0.39%
3 months -0.41% -0.50%
6 months 2.48% 2.08%
1 year 1.41% 0.87%
3 year p.a. -2.07% -2.09%
5 year p.a. -0.45% -0.55%
10 year p.a. - -
Since inception (p.a.) 0.92% 0.87%
Inception date 7-Nov-18 -

* As at 31 May 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.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency Monthly
12 mth distribution yield* 3.6%

*As at 31 May 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 Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
3-Jun-24 4-Jun-24 19-Jun-24 $0.079498 3.63%
1-May-24 2-May-24 16-May-24 $0.083488 3.47%
2-Apr-24 3-Apr-24 17-Apr-24 $0.072633 3.40%
1-Mar-24 4-Mar-24 18-Mar-24 $0.074894 3.31%
1-Feb-24 2-Feb-24 16-Feb-24 $0.084908 3.19%
2-Jan-24 3-Jan-24 17-Jan-24 $0.075241 3.12%
1-Dec-23 4-Dec-23 18-Dec-23 $0.07537 2.96%
1-Nov-23 2-Nov-23 16-Nov-23 $0.07928 2.76%
2-Oct-23 3-Oct-23 17-Oct-23 $0.068803 2.68%
1-Sep-23 4-Sep-23 18-Sep-23 $0.074329 2.61%
1-Aug-23 2-Aug-23 16-Aug-23 $0.064481 2.28%
3-Jul-23 4-Jul-23 18-Jul-23 $0.014156 2.17%
1-Jun-23 2-Jun-23 19-Jun-23 $0.063092 2.24%
1-May-23 2-May-23 16-May-23 $0.047679 2.11%
3-Apr-23 4-Apr-23 20-Apr-23 $0.037313 1.97%
1-Mar-23 2-Mar-23 16-Mar-23 $0.049663 1.81%
1-Feb-23 2-Feb-23 16-Feb-23 $0.04952 1.69%
3-Jan-23 4-Jan-23 18-Jan-23 $0.073413 1.54%
1-Dec-22 2-Dec-22 16-Dec-22 $0.035392 1.39%
1-Nov-22 2-Nov-22 16-Nov-22 $0.045419 1.33%
3-Oct-22 4-Oct-22 18-Oct-22 $0.047804 1.21%
1-Sep-22 2-Sep-22 16-Sep-22 $0.015849 1.13%
1-Aug-22 2-Aug-22 16-Aug-22 $0.027942 1.22%
1-Jul-22 4-Jul-22 18-Jul-22 $0.027402 1.21%
1-Jun-22 2-Jun-22 17-Jun-22 $0.029229 1.28%
2-May-22 3-May-22 17-May-22 $0.026489 1.23%
1-Apr-22 4-Apr-22 20-Apr-22 $0.028316 1.21%
1-Mar-22 2-Mar-22 16-Mar-22 $0.025576 1.24%
1-Feb-22 2-Feb-22 16-Feb-22 $0.02832 1.21%
4-Jan-22 5-Jan-22 19-Jan-22 $0.028316 1.22%
1-Dec-21 2-Dec-21 16-Dec-21 $0.028551 1.18%
1-Nov-21 2-Nov-21 16-Nov-21 $0.027701 1.07%
1-Oct-21 4-Oct-21 18-Oct-21 $0.028656 1.00%
1-Sep-21 2-Sep-21 16-Sep-21 $0.036889 1.03%
2-Aug-21 3-Aug-21 17-Aug-21 $0.032761 1.03%
1-Jul-21 2-Jul-21 16-Jul-21 $0.047001 1.02%
1-Jun-21 2-Jun-21 17-Jun-21 $0.014779 0.98%
3-May-21 4-May-21 18-May-21 $0.012471 1.02%
1-Apr-21 6-Apr-21 20-Apr-21 $0.026337 1.05%
1-Mar-21 2-Mar-21 16-Mar-21 $0.022346 1.23%
1-Feb-21 2-Feb-21 16-Feb-21 $0.032825 1.40%
4-Jan-21 5-Jan-21 19-Jan-21 $0.018816 2.14%
1-Dec-20 2-Dec-20 16-Dec-20 $0.03536 2.54%
2-Nov-20 3-Nov-20 17-Nov-20 $0.035031 2.56%
1-Oct-20 2-Oct-20 16-Oct-20 $0.03166 2.54%
1-Sep-20 2-Sep-20 16-Sep-20 $0.040962 2.61%
3-Aug-20 4-Aug-20 18-Aug-20 $0.023395 2.65%
1-Jul-20 2-Jul-20 16-Jul-20 $0.022139 2.71%
1-Jun-20 2-Jun-20 17-Jun-20 $0.073501 2.96%
1-May-20 4-May-20 18-May-20 $0.064387 2.92%
1-Apr-20 2-Apr-20 20-Apr-20 $0.232652 2.86%
2-Mar-20 3-Mar-20 17-Mar-20 $0.035886 2.28%
3-Feb-20 4-Feb-20 18-Feb-20 $0.047475 -
2-Jan-20 3-Jan-20 17-Jan-20 $0.03047 -
2-Dec-19 3-Dec-19 17-Dec-19 $0.040072 -
1-Nov-19 4-Nov-19 18-Nov-19 $0.035942 -
1-Oct-19 2-Oct-19 16-Oct-19 $0.057877 -
2-Sep-19 3-Sep-19 17-Sep-19 $0.039001 -
1-Aug-19 2-Aug-19 16-Aug-19 $0.039121 -
1-Jul-19 2-Jul-19 16-Jul-19 $0.080802 -
3-Jun-19 4-Jun-19 19-Jun-19 $0.054149 -
1-May-19 2-May-19 16-May-19 $0.03879 -
1-Apr-19 2-Apr-19 16-Apr-19 $0.066085 -
1-Mar-19 4-Mar-19 18-Mar-19 $0.046717 -
1-Feb-19 4-Feb-19 18-Feb-19 $0.051594 -
2-Jan-19 3-Jan-19 17-Jan-19 $0.06838 -
3-Dec-18 4-Dec-18 18-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.

Announcements

ASX announcements: BNDS

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