Betashares Western Asset Australian Bond Active ETF

BNDS

Attractive income from an actively managed portfolio of Australian bonds

Factsheet

Info pack

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Investment goal

Defensive Income

BNDS

Overview

Key facts

Performance

Holdings & allocation

Distributions

Announcements

Research & resources

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.

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Key facts

Profile

Units outstanding* (#)	34,877,069
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	MUFG Corporate Markets
Domicile	Australia

* As at 16 April 2025
**Certain additional costs apply. Please refer to PDS.

Net assets*

$828,999,819

Pricing information

* Data is delayed by at least 20 minutes.
Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)

* As at 16 April 2025
NAV
NAV/Unit*	$23.77

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 (%)

	Fund	Bloomberg AusBond Composite Index
1 month	0.11%	0.17%
3 months	1.32%	1.29%
6 months	1.15%	1.03%
1 year	3.59%	3.20%
3 year p.a.	1.96%	1.67%
5 year p.a.	-0.27%	-0.51%
10 year p.a.	-	-
Since inception p.a.	1.61%	1.51%
Inception date	7-Nov-18	-

* As at 31 March 2025.

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	3.71
Yield to maturity (% p.a.)info	4.50
Yield to worst (% p.a.)info	4.48
Average maturity (yrs)info	6.05
Modified duration (yrs)info	4.99
Average credit ratinginfo	AA

* As at 17 April 2025

Holdings and allocation

Portfolio holdings

Top 10

All

Name	Weight (%)
AUSTRALIA GOVERNMENT BOND 2.75% MAY-41	2.2
AUSTRALIA GOVERNMENT BOND 3.5% DEC-34	2.1
AUSTRALIA GOVERNMENT BOND 3.75% MAY-34	1.6
AUSTRALIA GOVERNMENT BOND 1.75% NOV-32	1.5
NEW SOUTH WALES TREASURY CORP 1.75% MAR-34	1.4
TREASURY CORP OF VICTORIA 1.5% SEP-31	1.4
AUSTRALIA GOVERNMENT BOND 3.0% MAR-47	1.3
NEW SOUTH WALES TREASURY CORP 1.5% FEB-32	1.3
TREASURY CORP OF VICTORIA 2.25% NOV-34	1.3
AUD - AUSTRALIA DOLLAR	1.3

Ticker	Name	Weight (%)	Sector	Country	Currency	Notional/Face Value	Market Value (AUD)	Issuer	Maturity Date	Coupon (%)
ACGB 2.75 05/21/41	AUSTRALIA GOVERNMENT BOND 2.75% MAY-41	2.2	Sovereign	Australia	AUD	23,060,000	$18,446,155	AUSTRALIAN GOVERNMENT	2041-05-21	2.75
ACGB 3.5 12/21/34	AUSTRALIA GOVERNMENT BOND 3.5% DEC-34	2.1	Sovereign	Australia	AUD	18,050,000	$17,222,949	AUSTRALIAN GOVERNMENT	2034-12-21	3.5
ACGB 3.75 05/21/34	AUSTRALIA GOVERNMENT BOND 3.75% MAY-34	1.6	Sovereign	Australia	AUD	13,280,000	$13,063,802	AUSTRALIAN GOVERNMENT	2034-05-21	3.75
ACGB 1.75 11/21/32	AUSTRALIA GOVERNMENT BOND 1.75% NOV-32	1.5	Sovereign	Australia	AUD	14,280,000	$12,281,086	AUSTRALIAN GOVERNMENT	2032-11-21	1.75
NSWTC 1.75 03/20/34	NEW SOUTH WALES TREASURY CORP 1.75% MAR-34	1.4	Local Authority	Australia	AUD	14,900,000	$11,581,770	NEW S WALES TREASURY CRP	2034-03-20	1.75
TCV 1.5 09/10/31	TREASURY CORP OF VICTORIA 1.5% SEP-31	1.4	Local Authority	Australia	AUD	13,700,000	$11,513,754	TREASURY CORP VICTORIA	2031-09-10	1.5
ACGB 3 03/21/47	AUSTRALIA GOVERNMENT BOND 3.0% MAR-47	1.3	Sovereign	Australia	AUD	14,720,000	$11,148,192	AUSTRALIAN GOVERNMENT	2047-03-21	3.0
NSWTC 1.5 02/20/32	NEW SOUTH WALES TREASURY CORP 1.5% FEB-32	1.3	Local Authority	Australia	AUD	13,400,000	$11,130,978	NEW S WALES TREASURY CRP	2032-02-20	1.5
TCV 2.25 11/20/34	TREASURY CORP OF VICTORIA 2.25% NOV-34	1.3	Local Authority	Australia	AUD	13,700,000	$10,920,270	TREASURY CORP VICTORIA	2034-11-20	2.25
TCV 2.25 09/15/33	TREASURY CORP OF VICTORIA 2.25% SEP-33	1.1	Local Authority	Australia	AUD	11,600,000	$9,567,680	TREASURY CORP VICTORIA	2033-09-15	2.25
NSWTC 2 03/20/31	NEW SOUTH WALES TREASURY CORP 2.0% MAR-31	1.0	Local Authority	Australia	AUD	9,900,000	$8,775,459	NEW S WALES TREASURY CRP	2031-03-20	2.0
ACGB 2.75 06/21/35	AUSTRALIA GOVERNMENT BOND 2.75% JUN-35	1.0	Sovereign	Australia	AUD	9,800,000	$8,663,298	AUSTRALIAN GOVERNMENT	2035-06-21	2.75
TCV 1.5 11/20/30	TREASURY CORP OF VICTORIA 1.5% NOV-30	1.0	Local Authority	Australia	AUD	9,750,000	$8,510,288	TREASURY CORP VICTORIA	2030-11-20	1.5
ACGB 4.25 06/21/34	AUSTRALIA GOVERNMENT BOND 4.25% JUN-34	1.0	Sovereign	Australia	AUD	8,250,000	$8,414,093	AUSTRALIAN GOVERNMENT	2034-06-21	4.25
TCV 2 09/17/35	TREASURY CORP OF VICTORIA 2.0% SEP-35	1.0	Local Authority	Australia	AUD	11,200,000	$8,354,528	TREASURY CORP VICTORIA	2035-09-17	2.0
ACGB 4.5 04/21/33	AUSTRALIA GOVERNMENT BOND 4.5% APR-33	1.0	Sovereign	Australia	AUD	8,000,000	$8,247,440	AUSTRALIAN GOVERNMENT	2033-04-21	4.5
NSWTC 2 03/08/33	NEW SOUTH WALES TREASURY CORP 2.0% MAR-33	0.9	Local Authority	Australia	AUD	9,400,000	$7,794,198	NEW S WALES TREASURY CRP	2033-03-08	2.0
NSWTC 4.75 02/20/35	NEW SOUTH WALES TREASURY CORP 4.75% FEB-35	0.9	Local Authority	Australia	AUD	7,600,000	$7,541,176	NEW S WALES TREASURY CRP	2035-02-20	4.75
TCV 4.25 12/20/32	TREASURY CORP OF VICTORIA 4.25% DEC-32	0.8	Local Authority	Australia	AUD	7,100,000	$7,024,101	TREASURY CORP VICTORIA	2032-12-20	4.25
QTC 4.5 08/22/35	QUEENSLAND TREASURY CORP 4.5% AUG-35	0.8	Local Authority	Australia	AUD	7,200,000	$6,916,032	QUEENSLAND TREASURY CORP	2035-08-22	4.5
QTC 1.75 07/20/34	QUEENSLAND TREASURY CORP 1.75% JUL-34	0.8	Local Authority	Australia	AUD	8,900,000	$6,830,839	QUEENSLAND TREASURY CORP	2034-07-20	1.75
ACGB 1.25 05/21/32	AUSTRALIA GOVERNMENT BOND 1.25% MAY-32	0.8	Sovereign	Australia	AUD	7,700,000	$6,468,308	AUSTRALIAN GOVERNMENT	2032-05-21	1.25
ACGB 1.75 06/21/51	AUSTRALIA GOVERNMENT BOND 1.75% JUN-51	0.7	Sovereign	Australia	AUD	11,590,000	$6,254,196	AUSTRALIAN GOVERNMENT	2051-06-21	1.75
NSWTC 2.5 11/22/32	NEW SOUTH WALES TREASURY CORP 2.5% NOV-32	0.7	Local Authority	Australia	AUD	7,000,000	$6,186,670	NEW S WALES TREASURY CRP	2032-11-22	2.5
ACGB 3 11/21/33	AUSTRALIA GOVERNMENT BOND 3.0% NOV-33	0.7	Sovereign	Australia	AUD	6,000,000	$5,586,960	AUSTRALIAN GOVERNMENT	2033-11-21	3.0
QTC 1.75 08/21/31	QUEENSLAND TREASURY CORP 1.75% AUG-31	0.6	Local Authority	Australia	AUD	6,250,000	$5,387,125	QUEENSLAND TREASURY CORP	2031-08-21	1.75
ACGB 3.75 04/21/37	AUSTRALIA GOVERNMENT BOND 3.75% APR-37	0.6	Sovereign	Australia	AUD	5,580,000	$5,252,566	AUSTRALIAN GOVERNMENT	2037-04-21	3.75
ACGB 2.5 05/21/30	AUSTRALIA GOVERNMENT BOND 2.5% MAY-30	0.6	Sovereign	Australia	AUD	5,260,000	$5,050,442	AUSTRALIAN GOVERNMENT	2030-05-21	2.5
QTC 1.5 08/20/32	QUEENSLAND TREASURY CORP 1.5% AUG-32	0.6	Local Authority	Australia	AUD	6,080,000	$4,944,256	QUEENSLAND TREASURY CORP	2032-08-20	1.5
QTC 1.5 03/02/32	QUEENSLAND TREASURY CORP 1.5% MAR-32	0.6	Local Authority	Australia	AUD	5,800,000	$4,797,644	QUEENSLAND TREASURY CORP	2032-03-02	1.5
NSWTC 3 02/20/30	NEW SOUTH WALES TREASURY CORP 3.0% FEB-30	0.6	Local Authority	Australia	AUD	4,960,000	$4,776,579	NEW S WALES TREASURY CRP	2030-02-20	3.0
TCV 2.5 10/22/29	TREASURY CORP OF VICTORIA 2.5% OCT-29	0.6	Local Authority	Australia	AUD	4,920,000	$4,625,882	TREASURY CORP VICTORIA	2029-10-22	2.5
ACGB 1 12/21/30	AUSTRALIA GOVERNMENT BOND 1.0% DEC-30	0.5	Sovereign	Australia	AUD	5,250,000	$4,549,755	AUSTRALIAN GOVERNMENT	2030-12-21	1.0
ACGB 3.25 06/21/39	AUSTRALIA GOVERNMENT BOND 3.25% JUN-39	0.5	Sovereign	Australia	AUD	5,070,000	$4,461,093	AUSTRALIAN GOVERNMENT	2039-06-21	3.25
ACGB 1.5 06/21/31	AUSTRALIA GOVERNMENT BOND 1.5% JUN-31	0.5	Sovereign	Australia	AUD	4,800,000	$4,224,336	AUSTRALIAN GOVERNMENT	2031-06-21	1.5
SAFA 1.75 05/24/32	SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32	0.5	Local Authority	Australia	AUD	5,000,000	$4,208,350	SOUTH AUST GOVT FIN AUTH	2032-05-24	1.75
TCV 4.75 09/15/36	TREASURY CORP OF VICTORIA 4.75% SEP-36	0.5	Local Authority	Australia	AUD	4,300,000	$4,132,472	TREASURY CORP VICTORIA	2036-09-15	4.75
SAFA 1.75 05/24/34	SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-34	0.5	Local Authority	Australia	AUD	5,300,000	$4,116,987	SOUTH AUST GOVT FIN AUTH	2034-05-24	1.75
TCV 3 10/20/28	TREASURY CORP OF VICTORIA 3.0% OCT-28	0.5	Local Authority	Australia	AUD	4,100,000	$4,004,634	TREASURY CORP VICTORIA	2028-10-20	3.0
NSWTC 3 04/20/29	NEW SOUTH WALES TREASURY CORP 3.0% APR-29	0.5	Local Authority	Australia	AUD	3,950,000	$3,839,637	NEW S WALES TREASURY CRP	2029-04-20	3.0
QTC 4.75 02/02/34	QUEENSLAND TREASURY CORP 4.75% FEB-34	0.4	Local Authority	Australia	AUD	3,700,000	$3,717,871	QUEENSLAND TREASURY CORP	2034-02-02	4.75
ACGB 1 11/21/31	AUSTRALIA GOVERNMENT BOND 1.0% NOV-31	0.4	Sovereign	Australia	AUD	4,300,000	$3,607,055	AUSTRALIAN GOVERNMENT	2031-11-21	1.0
WATC 1.75 10/22/31	WESTERN AUSTRALIAN TREASURY CORP 1.75% OCT-31	0.4	Local Authority	Australia	AUD	3,950,000	$3,398,699	WESTERN AUST TREAS CORP	2031-10-22	1.75
CPPIBC 4.1 09/01/26	CPPIB CAPITAL INC 4.1% SEP-26	0.4	Sovereign Agency	Canada	AUD	3,100,000	$3,139,029	CPPIB CAPITAL INC	2026-09-01	4.1
ACGB 4.75 06/21/54	AUSTRALIA GOVERNMENT BOND 4.75% JUN-54	0.4	Sovereign	Australia	AUD	3,050,000	$3,016,359	AUSTRALIAN GOVERNMENT	2054-06-21	4.75
QTC 6.5 03/14/33	QUEENSLAND TREASURY CORP 6.5% MAR-33	0.4	Local Authority	Australia	AUD	2,650,000	$2,993,043	QUEENSLAND TREASURY CORP	2033-03-14	6.5
QTC 3.25 08/21/29	QUEENSLAND TREASURY CORP 3.25% AUG-29	0.4	Local Authority	Australia	AUD	2,990,000	$2,937,137	QUEENSLAND TREASURY CORP	2029-08-21	3.25
NBNAUS 5.2 08/25/28	NBN CO LTD 5.2% AUG-28	0.3	Corporate - Non Financial	Australia	AUD	2,800,000	$2,895,900	NBN CO LTD	2028-08-25	5.2
NSWTC 1.25 11/20/30	NEW SOUTH WALES TREASURY CORP 1.25% NOV-30	0.3	Local Authority	Australia	AUD	3,300,000	$2,860,605	NEW S WALES TREASURY CRP	2030-11-20	1.25
ACGB 2.75 11/21/29	AUSTRALIA GOVERNMENT BOND 2.75% NOV-29	0.3	Sovereign	Australia	AUD	2,770,000	$2,712,218	AUSTRALIAN GOVERNMENT	2029-11-21	2.75
QTC 3.25 07/21/28	QUEENSLAND TREASURY CORP 3.25% JUL-28	0.3	Local Authority	Australia	AUD	2,650,000	$2,643,031	QUEENSLAND TREASURY CORP	2028-07-21	3.25
DBNGP 4.225 05/28/25	DBNGP FINANCE CO PTY LTD 4.225% MAY-25	0.3	Corporate - Non Financial	Australia	AUD	2,600,000	$2,641,782	DBNGP FINANCE CO PTY LTD	2025-05-28	4.225
WATC 2 10/24/34	WESTERN AUSTRALIAN TREASURY CORP 2.0% OCT-34	0.3	Local Authority	Australia	AUD	3,300,000	$2,596,341	WESTERN AUST TREAS CORP	2034-10-24	2.0
QTC 2.5 03/06/29	QUEENSLAND TREASURY CORP 2.5% MAR-29	0.3	Local Authority	Australia	AUD	2,700,000	$2,588,544	QUEENSLAND TREASURY CORP	2029-03-06	2.5
PSPCAP 4.6 02/06/29	PSP CAPITAL INC 4.6% FEB-29	0.3	Sovereign Agency	Canada	AUD	2,500,000	$2,582,725	PSP CAPITAL INC	2029-02-06	4.6
CHINLP 5.1 07/19/27	CLP POWER HONG KONG FINANCING LTD 5.1% JUL-27	0.3	Corporate - Non Financial	Hong Kong	AUD	2,500,000	$2,577,450	CLP POWER HK FINANCING	2027-07-19	5.1
TLSAU 4.9 03/08/28	TELSTRA GROUP LTD 4.9% MAR-28	0.3	Corporate - Non Financial	Australia	AUD	2,500,000	$2,556,625	TELSTRA GROUP LTD	2028-03-08	4.9
NBNAUS 4.2 04/14/27	NBN CO LTD 4.2% APR-27	0.3	Corporate - Non Financial	Australia	AUD	2,500,000	$2,507,900	NBN CO LTD	2027-04-14	4.2
237799	BRISBANE AIRPORT CORP PTY LTD 3.1% JUN-26	0.3	Corporate - Non Financial	Australia	AUD	2,500,000	$2,491,375	BRISBANE AIRPORT CORP	2026-06-30	3.1
AGIF 1.8152 11/23/28	AGI FINANCE PTY LTD 1.8152% NOV-28	0.3	Corporate - Non Financial	Australia	AUD	2,700,000	$2,476,818	AGI FINANCE PTY LTD	2028-11-23	1.8152
NBNAUS 1 12/03/25	NBN CO LTD 1.0% DEC-25	0.3	Corporate - Non Financial	Australia	AUD	2,500,000	$2,460,800	NBN CO LTD	2025-12-03	1.0
BP5GWD4	GAIF BOND ISSUER PTY LTD 2.584% NOV-27	0.3	Corporate - Financial	Australia	AUD	2,500,000	$2,421,100	GAIF BOND ISSUER P/L	2027-11-18	2.584
WENNEX 6.15 10/09/30	WESTCONNEX FINANCE CO PTY LTD 6.15% OCT-30	0.3	Corporate - Non Financial	Australia	AUD	2,300,000	$2,418,243	WESTCONNEX FINANCE CO PT	2030-10-09	6.15
AGIF 2.119 06/24/27	AGI FINANCE PTY LTD 2.119% JUN-27	0.3	Corporate - Non Financial	Australia	AUD	2,500,000	$2,406,325	AGI FINANCE PTY LTD	2027-06-24	2.119
SGPAU 2.3 03/24/28	STOCKLAND TRUST 2.3% MAR-28	0.3	Corporate - Financial	Australia	AUD	2,500,000	$2,339,525	STOCKLAND TRUST	2028-03-24	2.3
NETFIN 2.579 10/03/28	NETWORK FINANCE CO PTY LTD 2.579% OCT-28	0.3	Corporate - Non Financial	Australia	AUD	2,500,000	$2,338,525	NETWORK FINANCE CO PTY L	2028-10-03	2.579
ELECTR 2.4737 12/15/28	ELECTRANET PTY LTD 2.4737% DEC-28	0.3	Corporate - Non Financial	Australia	AUD	2,500,000	$2,333,700	ELECTRANET PTY LTD	2028-12-15	2.4737
AIRSER 6 11/15/32	AIRSERVICES AUSTRALIA 6.0% NOV-32	0.3	Sovereign Agency	Australia	AUD	2,100,000	$2,298,198	AIRSERVICES AUSTRALIA	2032-11-15	6.0
QTC 3.5 08/21/30	QUEENSLAND TREASURY CORP 3.5% AUG-30	0.3	Local Authority	Australia	AUD	2,250,000	$2,203,808	QUEENSLAND TREASURY CORP	2030-08-21	3.5
SAFA 2.75 05/24/30	SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 2.75% MAY-30	0.3	Local Authority	Australia	AUD	2,300,000	$2,194,269	SOUTH AUST GOVT FIN AUTH	2030-05-24	2.75
QTC 5.25 07/21/36	QUEENSLAND TREASURY CORP 5.25% JUL-36	0.3	Local Authority	Australia	AUD	2,130,000	$2,166,125	QUEENSLAND TREASURY CORP	2036-07-21	5.25
276322	AIR NEW ZEALAND LTD 5.7% MAY-26	0.3	Corporate - Non Financial	New Zealand	AUD	2,100,000	$2,165,562	AIR NEW ZEALAND LTD	2026-05-25	5.7
AIRNZ 6.5 05/25/29	AIR NEW ZEALAND LTD 6.5% MAY-29	0.3	Corporate - Non Financial	New Zealand	AUD	2,000,000	$2,149,000	AIR NEW ZEALAND LTD	2029-05-25	6.5
PSPCAP 4.5 09/05/31	PSP CAPITAL INC 4.5% SEP-31	0.3	Sovereign Agency	Canada	AUD	2,100,000	$2,126,229	PSP CAPITAL INC	2031-09-05	4.5
BZBX756	GPT WHOLESALE OFFICE FUND NO1 4.52% FEB-27	0.3	Corporate - Financial	Australia	AUD	2,100,000	$2,114,427	GPT WHL OFFICE FD NO1	2027-02-22	4.52
WATC 2.75 07/24/29	WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29	0.3	Local Authority	Australia	AUD	2,180,000	$2,108,213	WESTERN AUST TREAS CORP	2029-07-24	2.75
QIC 5.5 05/30/29	QIC FINANCE TOWN CENTRE FUND PTY LTD 5.5% MAY-29	0.3	Corporate - Financial	Australia	AUD	2,000,000	$2,092,680	QIC FIN TOWN CENTRE FUND	2029-05-30	5.5
AIRSER 2.2 05/15/30	AIRSERVICES AUSTRALIA 2.2% MAY-30	0.2	Sovereign Agency	Australia	AUD	2,300,000	$2,085,893	AIRSERVICES AUSTRALIA	2030-05-15	2.2
SPKNZ 4 10/20/27	SPARK FINANCE LTD 4.0% OCT-27	0.2	Corporate - Non Financial	New Zealand	AUD	2,080,000	$2,065,710	SPARK FINANCE LTD	2027-10-20	4.0
	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 4.95% SEP-28	0.2			AUD	2,000,000	$2,055,100	AUST & NZ BANKING GROUP	2028-09-11	4.95
KFW 4.2 02/08/29	KREDITANSTALT FUER WIEDERAUFBAU 4.2% FEB-29	0.2	Government Special Purpose Bank	Germany	AUD	2,000,000	$2,045,500	KFW	2029-02-08	4.2
	VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA PTY LTD 5.65% SEP-28	0.2	Corporate - Non Financial	Germany	AUD	2,000,000	$2,045,180	VOLKSWAGEN FIN SERV AUST	2028-09-15	5.65
TOYOTA 5 09/15/26	TOYOTA FINANCE AUSTRALIA LTD 5.0% SEP-26	0.2	Corporate - Non Financial	Australia	AUD	2,000,000	$2,032,260	TOYOTA FINANCE AUSTRALIA	2026-09-15	5.0
CM 4.4 07/15/25	CANADIAN IMPERIAL BANK OF COMMERCE/SYDNEY 4.4% JUL-25	0.2	Corporate - Financial	Canada	AUD	2,000,000	$2,023,600	CIBC SYDNEY	2025-07-15	4.4
BDC6XK7	FONTERRA CO-OPERATIVE GROUP LTD 3.75% JUN-26	0.2	Corporate - Non Financial	New Zealand	AUD	2,000,000	$2,016,200	FONTERRA COOPERATIVE GRP	2026-06-16	3.75
WSTP 3.9 08/11/25	WESTPAC BANKING CORP 3.9% AUG-25	0.2	Corporate - Financial	Australia	AUD	2,000,000	$2,012,480	WESTPAC BANKING CORP	2025-08-11	3.9
BJVQPM6	VICINITY CENTRES TRUST 2.6% JUN-25	0.2	Corporate - Financial	Australia	AUD	2,000,000	$2,009,440	VICINITY CENTRES TRUST	2025-06-27	2.6
BNG 3.25 08/24/26	BNG BANK NV 3.25% AUG-26	0.2	Government Special Purpose Bank	Netherlands	AUD	2,000,000	$1,998,880	BNG BANK NV	2026-08-24	3.25
LOFINA 3.9 10/15/25	LONSDALE FINANCE PTY LTD 3.9% OCT-25	0.2	Corporate - Non Financial	Australia	AUD	2,000,000	$1,995,020	LONSDALE FINANCE PTY LTD	2025-10-15	3.9
AUCKCN 4.85 05/17/29	AUCKLAND COUNCIL 4.85% MAY-29	0.2	Local Authority	New Zealand	AUD	1,900,000	$1,985,842	AUCKLAND COUNCIL	2029-05-17	4.85
BK6L523	GPT WHOLESALE OFFICE FUND NO1 2.525% JAN-26	0.2	Corporate - Financial	Australia	AUD	2,000,000	$1,985,560	GPT WHL OFFICE FD NO1	2026-01-12	2.525
EUROF 3.35 05/21/29	EUROFIMA EUROPAEISCHE GESELLSCHAFT FUER DIE FINANZIERUNG VON EISENBAHNMATERIAL 3.35% MAY-29	0.2	Supranational	Supranational	AUD	2,000,000	$1,972,640	EUROFIMA	2029-05-21	3.35
BJRCC05	LONSDALE FINANCE PTY LTD 2.45% NOV-26	0.2	Corporate - Non Financial	Australia	AUD	2,000,000	$1,962,020	LONSDALE FINANCE PTY LTD	2026-11-20	2.45
MELAIR 3.763 11/25/31	AUSTRALIA PACIFIC AIRPORTS MELBOURNE PTY LTD 3.763% NOV-31	0.2	Corporate - Non Financial	Australia	AUD	2,100,000	$1,958,229	AUSTRALIA PACIFIC AIRPOR	2031-11-25	3.763
SGPAU 5.45 04/26/30	STOCKLAND TRUST 5.45% APR-30	0.2	Corporate - Financial	Australia	AUD	1,900,000	$1,941,154	STOCKLAND TRUST	2030-04-26	5.45
AUSGF 1.814 02/05/27	AUSGRID FINANCE PTY LTD 1.814% FEB-27	0.2	Corporate - Non Financial	Australia	AUD	2,000,000	$1,921,440	AUSGRID FINANCE PTY LTD	2027-02-05	1.814
NAB 4.6 03/18/30	NATIONAL AUSTRALIA BANK LTD 4.6% MAR-30	0.2	Corporate - Financial	Australia	AUD	1,900,000	$1,915,675	NATIONAL AUSTRALIA BANK	2030-03-18	4.6
BYX0MS6	UNIVERSITY OF SYDNEY/THE 3.75% AUG-25	0.2	Corporate - Non Financial	Australia	AUD	1,900,000	$1,907,562	UNIVERSITY OF SYDNEY	2025-08-28	3.75
NWG 5.899 08/23/28	NATWEST MARKETS PLC 5.899% AUG-28	0.2	Corporate - Financial	Britain	AUD	1,800,000	$1,890,864	NATWEST MARKETS PLC	2028-08-23	5.899
GTAFIN 2.2 08/26/27	GTA FINANCE CO PTY LTD 2.2% AUG-27	0.2	Corporate - Financial	Australia	AUD	2,000,000	$1,888,860	GTA FINANCE CO PTY LTD	2027-08-26	2.2
ARCIWA 6.018 05/27/31	ARC INFRASTRUCTURE WA PTY LTD 6.018% MAY-31	0.2	Corporate - Non Financial	Australia	AUD	1,800,000	$1,888,056	ARC INFRASTRUCTURE WA	2031-05-27	6.018
BLPJJ78	LONSDALE FINANCE PTY LTD 2.1% OCT-27	0.2	Corporate - Non Financial	Australia	AUD	2,000,000	$1,887,060	LONSDALE FINANCE PTY LTD	2027-10-15	2.1
TASCOR 4 01/20/34	TASMANIAN PUBLIC FINANCE CORP 4.0% JAN-34	0.2	Local Authority	Australia	AUD	2,000,000	$1,885,860	TASMANIAN PUBLIC FINANCE	2034-01-20	4.0
RABOBK 5.09 07/17/29	COOPERATIEVE RABOBANK UA/AUSTRALIA 5.09% JUL-29	0.2	Corporate - Financial	Netherlands	AUD	1,800,000	$1,864,674	RABOBANK UA/AU	2029-07-17	5.09
CHLWR 2.086 03/03/28	CHARTER HALL LWR PTY LTD 2.086% MAR-28	0.2	Corporate - Financial	Australia	AUD	2,000,000	$1,857,700	CHARTER HALL LWR LTD	2028-03-03	2.086
BNG 3.3 04/26/29	BNG BANK NV 3.3% APR-29	0.2	Government Special Purpose Bank	Netherlands	AUD	1,850,000	$1,804,324	BNG BANK NV	2029-04-26	3.3
DXSAU 2.5 10/17/29	DEXUS FINANCE PTY LTD 2.5% OCT-29	0.2	Corporate - Financial	Australia	AUD	2,000,000	$1,798,540	DEXUS FINANCE PTY LTD	2029-10-17	2.5
KOMMUN 2.9 11/27/26	KOMMUNEKREDIT 2.9% NOV-26	0.2	Local Authority	Denmark	AUD	1,792,000	$1,785,298	KOMMUNEKREDIT	2026-11-27	2.9
LLITST 2.85 06/28/30	LLITST FINANCE PTY LTD 2.85% JUN-30	0.2	Corporate - Financial	Australia	AUD	2,000,000	$1,776,860	LLITST FINANCE PTY LTD	2030-06-28	2.85
NSWTC 3 03/20/28	NEW SOUTH WALES TREASURY CORP 3.0% MAR-28	0.2	Local Authority	Australia	AUD	1,800,000	$1,776,618	NEW S WALES TREASURY CRP	2028-03-20	3.0
	MITSUBISHI HC CAPITAL UK PLC 5.805% DEC-26	0.2	Corporate - Financial	Japan	AUD	1,700,000	$1,773,185	MITSUBISHI HC CAP UK PLC	2026-12-07	5.805
MGRAU 2.6 09/18/29	MIRVAC GROUP FINANCE LTD 2.6% SEP-29	0.2	Corporate - Financial	Australia	AUD	1,900,000	$1,733,750	MIRVAC GROUP FINANCE LTD	2029-09-18	2.6
CBAAU 2.4 01/14/27	COMMONWEALTH BANK OF AUSTRALIA 2.4% JAN-27	0.2	Corporate - Financial	Australia	AUD	1,750,000	$1,712,813	COMMONWEALTH BANK AUST	2027-01-14	2.4
MP 3.5 08/22/28	PROVINCE OF MANITOBA CANADA 3.5% AUG-28	0.2	Local Authority	Canada	AUD	1,700,000	$1,681,725	MANITOBA (PROVINCE OF)	2028-08-22	3.5
TOYOTA 5.2 01/22/30	TOYOTA FINANCE AUSTRALIA LTD 5.2% JAN-30	0.2	Corporate - Non Financial	Australia	AUD	1,600,000	$1,647,184	TOYOTA FINANCE AUSTRALIA	2030-01-22	5.2
VPNF 5.057 03/14/29	VICTORIA POWER NETWORKS FINANCE PTY LTD 5.057% MAR-29	0.2	Corporate - Non Financial	Australia	AUD	1,600,000	$1,633,776	VICTORIA POWER NETWORKS	2029-03-14	5.057
NZLGFA 5 03/08/34	NEW ZEALAND LOCAL GOVERNMENT FUNDING AGENCY BOND 5.0% MAR-34	0.2	Local Authority	New Zealand	AUD	1,600,000	$1,619,056	NZ LOCAL GOVT FUND AGENC	2034-03-08	5.0
SEK 5.4 11/01/30	SVENSK EXPORTKREDIT AB 5.4% NOV-30	0.2	Government Special Purpose Bank	Sweden	AUD	1,500,000	$1,616,640	SWEDISH EXPORT CREDIT	2030-11-01	5.4
AUHPTR 6.781 11/08/29	AUSTRALIAN UNITY HEALTHCARE PROPERTY TRUST 6.781% NOV-29	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,616,265	AUSTRALIAN UNITY HEALTHC	2029-11-08	6.781
NETFIN 6.061 06/19/30	NETWORK FINANCE CO PTY LTD 6.061% JUN-30	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,602,000	NETWORK FINANCE CO PTY L	2030-06-19	6.061
WATC 3.25 07/20/28	WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28	0.2	Local Authority	Australia	AUD	1,600,000	$1,598,624	WESTERN AUST TREAS CORP	2028-07-20	3.25
NSWENF 5.79 05/29/30	NSW ELECTRICITY NETWORKS FINANCE PTY LTD 5.79% MAY-30	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,584,990	NSW ELECTRICITY NETWORKS	2030-05-29	5.79
BQGHTB0	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 5.35% NOV-27	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,583,745	AUST & NZ BANKING GROUP	2027-11-04	5.35
TPNZ 4.977 11/29/28	TRANSPOWER NEW ZEALAND LTD 4.977% NOV-28	0.2	Corporate - Non Financial	New Zealand	AUD	1,500,000	$1,569,165	TRANSPOWER NEW ZEALAND	2028-11-29	4.977
304130	ROYAL BANK OF CANADA/TORONTO 5.7% OCT-28	0.2	Corporate - Financial	Canada	AUD	1,500,000	$1,562,850	ROYAL BK CANADA TORONTO	2028-10-04	5.7
	ETSA UTILITIES FINANCE PTY LTD 5.1082% JUN-27	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,555,320	ETSA UTILITIES FINANCE	2027-06-03	5.1082
	EXPORT-IMPORT BANK OF KOREA 4.8% MAY-27	0.2	Government Special Purpose Bank	South Korea	AUD	1,500,000	$1,554,255	EXPORT-IMPORT BANK KOREA	2027-05-20	4.8
REGFIN 5.472 12/19/31	REGISTRY FINANCE PTY LTD 5.472% DEC-31	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,552,605	REGISTRY FINANCE PTY LTD	2031-12-19	5.472
CNHI 5.8 07/13/26	CNH INDUSTRIAL CAPITAL AUSTRALIA PTY LTD 5.8% JUL-26	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,547,790	CNH CAPITAL AUS PTY LTD	2026-07-13	5.8
VCXAU 4.927 06/02/28	VICINITY CENTRES TRUST 4.927% JUN-28	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,544,865	VICINITY CENTRES TRUST	2028-06-02	4.927
EDC 4.5 09/06/28	EXPORT DEVELOPMENT CANADA 4.5% SEP-28	0.2	Government Special Purpose Bank	Canada	AUD	1,500,000	$1,544,655	EXPORT DEVELOPMNT CANADA	2028-09-06	4.5
EIBKOR 5.1 06/26/26	EXPORT-IMPORT BANK OF KOREA 5.1% JUN-26	0.2	Government Special Purpose Bank	South Korea	AUD	1,500,000	$1,541,520	EXPORT-IMPORT BANK KOREA	2026-06-26	5.1
KFW 4.3 07/13/27	KREDITANSTALT FUER WIEDERAUFBAU 4.3% JUL-27	0.2	Government Special Purpose Bank	Germany	AUD	1,500,000	$1,540,860	KFW	2027-07-13	4.3
BP68ZL8	WORLEY FINANCIAL SERVICES PTY LTD 5.95% OCT-28	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,539,780	WORLEY FIN SERV PTY LTD	2028-10-13	5.95
BNG2VW9	SVENSKA HANDELSBANKEN AB 5.0% MAR-28	0.2	Corporate - Financial	Sweden	AUD	1,500,000	$1,538,460	SVENSKA HANDELSBANKEN AB	2028-03-02	5.0
ENBW 5.302 10/30/29	ENBW INTERNATIONAL FINANCE BV 5.302% OCT-29	0.2	Corporate - Non Financial	Germany	AUD	1,500,000	$1,536,150	ENBW INTL FINANCE BV	2029-10-30	5.302
CPPIBC 4.45 09/01/27	CPPIB CAPITAL INC 4.45% SEP-27	0.2	Sovereign Agency	Canada	AUD	1,500,000	$1,535,280	CPPIB CAPITAL INC	2027-09-01	4.45
OMERFT 4.5 10/16/29	OMERS FINANCE TRUST 4.5% OCT-29	0.2	Local Authority	Canada	AUD	1,500,000	$1,527,330	OMERS FINANCE TRUST	2029-10-16	4.5
BQ2K474	COMMONWEALTH BANK OF AUSTRALIA 4.75% JAN-26	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,526,415	COMMONWEALTH BANK AUST	2026-01-13	4.75
INGAU 4.554 08/20/27	ING BANK AUSTRALIA LTD 4.554% AUG-27	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,524,825	ING BANK (AUSTRALIA) LTD	2027-08-20	4.554
BNP 5.83 08/23/29	BNP PARIBAS SA 5.83% AUG-34	0.2	Corporate - Financial	France	AUD	1,500,000	$1,523,715	BNP PARIBAS	2034-08-23	5.83
CBAAU 4.4 08/18/27	COMMONWEALTH BANK OF AUSTRALIA 4.4% AUG-27	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,523,025	COMMONWEALTH BANK AUST	2027-08-18	4.4
NAB 3.9 05/30/25	NATIONAL AUSTRALIA BANK LTD 3.9% MAY-25	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,522,290	NATIONAL AUSTRALIA BANK	2025-05-30	3.9
BPCEGP 5.077 10/23/29	BPCE SA 5.077% OCT-29	0.2	Corporate - Financial	France	AUD	1,500,000	$1,518,405	BPCE SA	2029-10-23	5.077
BNVXJX4	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 4.5% MAR-28	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,518,270	AUST & NZ BANKING GROUP	2028-03-31	4.5
	AUCKLAND INTERNATIONAL AIRPORT LTD 4.5% SEP-27	0.2	Corporate - Non Financial	New Zealand	AUD	1,500,000	$1,517,250	AUCKLAND INTL AIRPORT	2027-09-23	4.5
KBN 4.25 07/16/25	KOMMUNALBANKEN AS 4.25% JUL-25	0.2	Sovereign Agency	Norway	AUD	1,500,000	$1,517,190	KOMMUNALBANKEN AS	2025-07-16	4.25
FCGNZ 4 11/02/27	FONTERRA CO-OPERATIVE GROUP LTD 4.0% NOV-27	0.2	Corporate - Non Financial	New Zealand	AUD	1,500,000	$1,515,915	FONTERRA COOPERATIVE GRP	2027-11-02	4.0
UOBSP 4.642 03/16/26	UNITED OVERSEAS BANK LTD/SYDNEY 4.642% MAR-26	0.2	Corporate - Financial	Singapore	AUD	1,500,000	$1,514,670	UNITED OVERSEAS BANK/SYD	2026-03-16	4.642
SHINCA 5.05 10/22/27	SHINHAN CARD CO LTD 5.05% OCT-27	0.2	Corporate - Financial	South Korea	AUD	1,500,000	$1,513,710	SHINHAN CARD CO LTD	2027-10-22	5.05
NEDWBK 3.4 07/22/25	NEDERLANDSE WATERSCHAPSBANK NV 3.4% JUL-25	0.2	Government Special Purpose Bank	Netherlands	AUD	1,500,000	$1,509,945	NEDER WATERSCHAPSBANK	2025-07-22	3.4
NEDWBK 3.5 07/20/27	NEDERLANDSE WATERSCHAPSBANK NV 3.5% JUL-27	0.2	Government Special Purpose Bank	Netherlands	AUD	1,500,000	$1,506,390	NEDER WATERSCHAPSBANK	2027-07-20	3.5
AGIAGN 5.533 10/04/33	AUSTRALIAN GAS NETWORKS LTD 5.533% OCT-33	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,499,400	AUSTRALIAN GAS NETWORKS	2033-10-04	5.533
UTSYDN 3.75 07/20/27	UNIVERSITY OF TECHNOLOGY SYDNEY 3.75% JUL-27	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,499,325	UNI OF TECHNOLOGY/SYDNEY	2027-07-20	3.75
NEDWBK 3.15 09/02/26	NEDERLANDSE WATERSCHAPSBANK NV 3.15% SEP-26	0.2	Government Special Purpose Bank	Netherlands	AUD	1,500,000	$1,495,575	NEDER WATERSCHAPSBANK	2026-09-02	3.15
BKP9MN8	QIC FINANCE TOWN CENTRE FUND PTY LTD 2.0% AUG-25	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,493,565	QIC SHOPPING CENTRE FUND	2025-08-15	2.0
KIWI 4.25 10/27/27	KIWIBANK LTD 4.25% OCT-27	0.2	Corporate - Financial	New Zealand	AUD	1,500,000	$1,492,785	KIWIBANK LTD	2027-10-27	4.25
BD064L7	TRUSTEE FOR GENERAL PROPERTY TRUST/THE 3.657% AUG-26	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,492,590	GENERAL PROPERTY TRUST	2026-08-24	3.657
207712	CONNECTEAST FINANCE PTY LTD 3.4% MAR-26	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,489,170	CONNECTEAST FINANCE PTY	2026-03-25	3.4
BK8V5W1	DOWNER GROUP FINANCE PTY LTD 3.7% APR-26	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,483,800	DOWNER GROUP FINANCE PTY	2026-04-29	3.7
LBANK 3.45 04/11/28	LANDESKREDITBANK BADEN-WUERTTEMBERG FOERDERBANK 3.45% APR-28	0.2	Local Authority	Germany	AUD	1,500,000	$1,476,015	L-BANK BW FOERDERBANK	2028-04-11	3.45
IFC 3.15 06/26/29	INTERNATIONAL FINANCE CORP 3.15% JUN-29	0.2	Supranational	Supranational	AUD	1,500,000	$1,473,315	INTL FINANCE CORP	2029-06-26	3.15
SUNAU 2.5 01/25/27	NORFINA LTD 2.5% JAN-27	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,468,035	SUNCORP-METWAY LTD	2027-01-25	2.5
BMO 5.338 06/27/29	BANK OF MONTREAL 5.338% JUN-29	0.2	Corporate - Financial	Canada	AUD	1,400,000	$1,454,614	BANK OF MONTREAL	2029-06-27	5.338
NYLIFE 5.35 09/19/28	NEW YORK LIFE GLOBAL FUNDING 5.35% SEP-28	0.2	Corporate - Financial	United States	AUD	1,400,000	$1,449,266	NEW YORK LIFE GLOBAL FDG	2028-09-19	5.35
NYLIFE 5.1 07/24/29	NEW YORK LIFE GLOBAL FUNDING 5.1% JUL-29	0.2	Corporate - Financial	United States	AUD	1,400,000	$1,446,326	NEW YORK LIFE GLOBAL FDG	2029-07-24	5.1
TD 5.248 07/23/29	TORONTO-DOMINION BANK/THE 5.248% JUL-29	0.2	Corporate - Financial	Canada	AUD	1,400,000	$1,444,982	TORONTO-DOMINION BANK	2029-07-23	5.248
AFDB 1.1 12/16/26	AFRICAN DEVELOPMENT BANK 1.1% DEC-26	0.2	Supranational	Supranational	AUD	1,500,000	$1,444,860	AFRICAN DEVELOPMENT BANK	2026-12-16	1.1
BPLN 4.751 08/28/29	BP CAPITAL MARKETS PLC 4.751% AUG-29	0.2	Corporate - Non Financial	United States	AUD	1,400,000	$1,417,640	BP CAPITAL MARKETS PLC	2029-08-28	4.751
SGPAU 5.42 03/25/32	STOCKLAND TRUST 5.42% MAR-32	0.2	Corporate - Financial	Australia	AUD	1,400,000	$1,412,432	STOCKLAND TRUST	2032-03-25	5.42
WESAU 1.941 06/23/28	WESFARMERS LTD 1.941% JUN-28	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,403,985	WESFARMERS LTD	2028-06-23	1.941
AGIF 6.109 06/28/30	AGI FINANCE PTY LTD 6.109% JUN-30	0.2	Corporate - Non Financial	Australia	AUD	1,300,000	$1,393,327	AGI FINANCE PTY LTD	2030-06-28	6.109
AUSCAP 5.25 10/24/33	AUSTRALIAN CAPITAL TERRITORY 5.25% OCT-33	0.2	Local Authority	Australia	AUD	1,350,000	$1,391,148	AUST CAPITAL TERRITORY	2033-10-24	5.25
IADB 1 08/04/28	INTER-AMERICAN DEVELOPMENT BANK 1.0% AUG-28	0.2	Supranational	Supranational	AUD	1,500,000	$1,378,545	INTER-AMERICAN DEVEL BK	2028-08-04	1.0
GAIF 1.9 12/14/28	GAIF BOND ISSUER PTY LTD 1.9% DEC-28	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,369,095	GAIF BOND ISSUER P/L	2028-12-14	1.9
BNS 5.23 03/21/31	BANK OF NOVA SCOTIA/THE 5.23% MAR-31	0.2	Corporate - Financial	Canada	AUD	1,350,000	$1,366,335	BANK OF NOVA SCOTIA	2031-03-21	5.23
SPKNZ 2.6 03/18/30	SPARK FINANCE LTD 2.6% MAR-30	0.2	Corporate - Non Financial	New Zealand	AUD	1,500,000	$1,362,060	SPARK FINANCE LTD	2030-03-18	2.6
CHLWR 2.656 12/17/29	CHARTER HALL LWR PTY LTD 2.656% DEC-29	0.2	Corporate - Financial	Australia	AUD	1,500,000	$1,360,260	CHARTER HALL LWR LTD	2029-12-17	2.656
	BANCO SANTANDER SA 5.796% JAN-29	0.2	Corporate - Financial	Spain	AUD	1,300,000	$1,359,904	BANCO SANTANDER SA	2029-01-23	5.796
BENAU 4.958 11/28/29	BENDIGO & ADELAIDE BANK LTD 4.958% NOV-29	0.2	Corporate - Financial	Australia	AUD	1,300,000	$1,344,889	BENDIGO AND ADELAIDE BK	2029-11-28	4.958
NBNAUS 2.2 12/16/30	NBN CO LTD 2.2% DEC-30	0.2	Corporate - Non Financial	Australia	AUD	1,500,000	$1,321,665	NBN CO LTD	2030-12-16	2.2
SUNCBK Float 09/27/29	NORFINA LTD 5.0309% SEP-29	0.2	Corporate - Financial	Australia	AUD	1,300,000	$1,300,117	NORFINA LTD	2029-09-27	5.0309
288345	COMMONWEALTH BANK OF AUSTRALIA 5.0% JAN-28	0.2	Corporate - Financial	Australia	AUD	1,250,000	$1,294,725	COMMONWEALTH BANK AUST	2028-01-13	5.0
AUSCAP 1.75 10/23/31	AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31	0.2	Local Authority	Australia	AUD	1,500,000	$1,277,640	AUST CAPITAL TERRITORY	2031-10-23	1.75
302330	MIZUHO FINANCIAL GROUP INC 0.0% AUG-29	0.2	Corporate - Financial	Japan	AUD	1,200,000	$1,270,524	MIZUHO FINANCIAL GROUP	2029-08-28
284849	WESTPAC BANKING CORP 5.3% NOV-27	0.2	Corporate - Financial	Australia	AUD	1,200,000	$1,263,828	WESTPAC BANKING CORP	2027-11-11	5.3
220335	MACQUARIE UNIVERSITY 2.25% MAY-30	0.2	Corporate - Non Financial	Australia	AUD	1,400,000	$1,255,240	MACQUARIE UNIVERSITY	2030-05-22	2.25
VCXAU 6.19 04/24/34	VICINITY CENTRES TRUST 6.19% APR-34	0.1	Corporate - Financial	Australia	AUD	1,200,000	$1,246,968	VICINITY CENTRES TRUST	2034-04-24	6.19
BKLBRX3	UNITED ENERGY DISTRIBUTION PTY LTD 2.2% OCT-26	0.1	Corporate - Non Financial	Australia	AUD	1,280,000	$1,242,214	UNITED ENERGY DISTRIBUTI	2026-10-29	2.2
291542	BANCO SANTANDER SA 5.678% MAR-28	0.1	Corporate - Financial	Spain	AUD	1,200,000	$1,240,476	BANCO SANTANDER SA	2028-03-09	5.678
NAB 4.85 03/22/29	NATIONAL AUSTRALIA BANK LTD 4.85% MAR-29	0.1	Corporate - Financial	Australia	AUD	1,200,000	$1,227,804	NATIONAL AUSTRALIA BANK	2029-03-22	4.85
ORIX 5.277 03/04/27	ORIX AUSTRALIA CORP LTD 5.277% MAR-27	0.1	Corporate - Financial	Japan	AUD	1,200,000	$1,225,644	ORIX AUSTRALIA CORP LTD	2027-03-04	5.277
303102	MACQUARIE BANK LTD 4.946% SEP-26	0.1	Corporate - Financial	Australia	AUD	1,200,000	$1,220,640	MACQUARIE BANK LTD	2026-09-14	4.946
TOYOTA 4.65 09/17/29	TOYOTA FINANCE AUSTRALIA LTD 4.65% SEP-29	0.1	Corporate - Non Financial	Australia	AUD	1,200,000	$1,203,996	TOYOTA FINANCE AUSTRALIA	2029-09-17	4.65
CENNZ 6.398 11/21/30	CONTACT ENERGY LTD 6.398% NOV-30	0.1	Corporate - Non Financial	New Zealand	AUD	1,100,000	$1,198,307	CONTACT ENERGY LTD	2030-11-21	6.398
WATC 4.25 07/20/33	WESTERN AUSTRALIAN TREASURY CORP 4.25% JUL-33	0.1	Local Authority	Australia	AUD	1,200,000	$1,187,064	WESTERN AUST TREAS CORP	2033-07-20	4.25
BMGMLL1	LIBERTY FINANCIAL PTY LTD 0.0% MAR-28	0.1	Corporate - Financial	Australia	AUD	1,100,000	$1,160,973	LIBERTY FINANCIAL PTY	2028-03-16
MCYNZ 2.918 11/17/28	MERCURY NZ LTD 2.918% NOV-28	0.1	Corporate - Non Financial	New Zealand	AUD	1,190,000	$1,145,803	MERCURY NZ LTD	2028-11-17	2.918
MELAIR 5.598 11/01/32	AUSTRALIA PACIFIC AIRPORTS MELBOURNE PTY LTD 5.598% NOV-32	0.1	Corporate - Non Financial	Australia	AUD	1,100,000	$1,144,814	AUSTRALIA PACIFIC AIRPOR	2032-11-01	5.598
BENAU 5.1 06/16/28	BENDIGO & ADELAIDE BANK LTD 5.1% JUN-28	0.1	Corporate - Financial	Australia	AUD	1,100,000	$1,144,528	BENDIGO AND ADELAIDE BK	2028-06-16	5.1
DE 5.05 06/28/29	JOHN DEERE FINANCIAL LTD 5.05% JUN-29	0.1	Corporate - Non Financial	United States	AUD	1,100,000	$1,142,394	JOHN DEERE FINANCIAL LTD	2029-06-28	5.05
LATROU 5.311 08/08/30	LA TROBE UNIVERSITY 5.311% AUG-30	0.1	Corporate - Non Financial	Australia	AUD	1,100,000	$1,142,196	LA TROBE UNIVERSITY	2030-08-08	5.311
QUBETR 5.6 12/11/31	QUBE TREASURY PTY LTD 5.6% DEC-31	0.1	Corporate - Non Financial	Australia	AUD	1,100,000	$1,133,418	QUBE TREASURY PTY LTD	2031-12-11	5.6
RABOBK 5.051 02/26/29	COOPERATIEVE RABOBANK UA/AUSTRALIA 5.051% FEB-29	0.1	Corporate - Financial	Netherlands	AUD	1,100,000	$1,131,086	RABOBANK UA/AU	2029-02-26	5.051
BRRF1W5	PACCAR FINANCIAL PTY LTD 4.5% MAY-26	0.1	Corporate - Non Financial	Australia	AUD	1,100,000	$1,123,870	PACCAR FINANCIAL PTY LTD	2026-05-25	4.5
UELAU 5.417 02/03/32	UNITED ENERGY DISTRIBUTION PTY LTD 5.417% FEB-32	0.1	Corporate - Non Financial	Australia	AUD	1,100,000	$1,123,023	UNITED ENERGY DISTRIBUTI	2032-02-03	5.417
TPNZ 4.995 03/12/32	TRANSPOWER NEW ZEALAND LTD 4.995% MAR-32	0.1	Corporate - Non Financial	New Zealand	AUD	1,100,000	$1,115,026	TRANSPOWER NEW ZEALAND	2032-03-12	4.995
	NESTLE CAPITAL CORP 4.6% APR-29	0.1	Corporate - Non Financial	United States	AUD	1,100,000	$1,114,564	NESTLE CAPITAL CORP	2029-04-04	4.6
CGJAU 5.546 10/07/32	COLES GROUP TREASURY PTY LTD 5.546% OCT-32	0.1	Corporate - Non Financial	Australia	AUD	1,100,000	$1,111,891	COLES GROUP TREASURY	2032-10-07	5.546
ANVAU 4.2 08/21/28	AUSNET SERVICES HOLDINGS PTY LTD 4.2% AUG-28	0.1	Corporate - Non Financial	Australia	AUD	1,100,000	$1,096,205	AUSNET SERVICES HOLDINGS	2028-08-21	4.2
ORGAU 5.35 09/26/31	ORIGIN ENERGY FINANCE LTD 5.35% SEP-31	0.1	Corporate - Non Financial	Australia	AUD	1,100,000	$1,095,886	ORIGIN ENERGY FINANCE	2031-09-26	5.35
AIANZ 6.482 11/16/33	AUCKLAND INTERNATIONAL AIRPORT LTD 6.482% NOV-33	0.1	Corporate - Non Financial	New Zealand	AUD	1,000,000	$1,095,490	AUCKLAND INTL AIRPORT	2033-11-16	6.482
TQLAU 6.35 05/02/30	TRANSURBAN QUEENSLAND FINANCE PTY LTD 6.35% MAY-30	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,089,340	TRANSURBAN QLD FINANCE	2030-05-02	6.35
RENTEN 3.2 05/25/29	LANDWIRTSCHAFTLICHE RENTENBANK 3.2% MAY-29	0.1	Government Special Purpose Bank	Germany	AUD	1,100,000	$1,087,746	LANDWIRTSCH. RENTENBANK	2029-05-25	3.2
RABOBK 5.708 11/21/28	COOPERATIEVE RABOBANK UA/AUSTRALIA 5.708% NOV-28	0.1	Corporate - Financial	Netherlands	AUD	1,000,000	$1,069,410	RABOBANK UA/AU	2028-11-21	5.708
QIC 5.8 05/21/31	QIC FINANCE TOWN CENTRE FUND PTY LTD 5.8% MAY-31	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,053,870	QIC FIN TOWN CENTRE FUND	2031-05-21	5.8
CNUNZ 5.974 09/18/30	CHORUS LTD 5.974% SEP-30	0.1	Corporate - Non Financial	New Zealand	AUD	1,000,000	$1,050,290	CHORUS LTD	2030-09-18	5.974
MET 5.4 07/11/29	METROPOLITAN LIFE GLOBAL FUNDING I 5.4% JUL-29	0.1	Corporate - Financial	United States	AUD	1,000,000	$1,048,180	MET LIFE GLOB FUNDING I	2029-07-11	5.4
305432	BANK OF AMERICA NA/AUSTRALIA 5.815% OCT-28	0.1	Corporate - Financial	United States	AUD	1,000,000	$1,048,080	BANK OF AMERICA NA AUSTR	2028-10-30	5.815
AUSEMO 5.354 12/06/28	AUSTRALIAN ENERGY MARKET OPERATOR LTD 5.354% DEC-28	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,047,570	AUSTRALIAN ENERGY MARKET	2028-12-06	5.354
SANTAN 6.444 07/17/34	BANCO SANTANDER SA 6.444% JUL-34	0.1	Corporate - Financial	Spain	AUD	1,000,000	$1,047,400	BANCO SANTANDER SA	2034-07-17	6.444
CGJAU 5.8 07/15/31	COLES GROUP TREASURY PTY LTD 5.8% JUL-31	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,047,300	COLES GROUP TREASURY	2031-07-15	5.8
TPNZ 5.233 06/30/30	TRANSPOWER NEW ZEALAND LTD 5.233% JUN-30	0.1	Corporate - Non Financial	New Zealand	AUD	1,000,000	$1,045,570	TRANSPOWER NEW ZEALAND	2030-06-30	5.233
SAFA 3 05/24/28	SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% MAY-28	0.1	Local Authority	Australia	AUD	1,050,000	$1,045,076	SOUTH AUST GOVT FIN AUTH	2028-05-24	3.0
ARTAUS 5.598 06/12/31	AUSTRALIAN RAIL TRACK CORP LTD 5.598% JUN-31	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,043,840	AUSTRALIAN RAIL TRACK	2031-06-12	5.598
SUNAU 5.2 07/12/28	NORFINA LTD 5.2% JUL-28	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,041,130	SUNCORP-METWAY LTD	2028-07-12	5.2
NAB 4.95 05/10/27	NATIONAL AUSTRALIA BANK LTD 4.95% MAY-27	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,039,890	NATIONAL AUSTRALIA BANK	2027-05-10	4.95
CEUAU 5.6 06/27/31	CONNECTEAST FINANCE PTY LTD 5.6% JUN-31	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,035,690	CONNECTEAST FINANCE PTY	2031-06-27	5.6
BPG2YV3	AUSTRALIAN POSTAL CORP 4.9921% DEC-27	0.1	Sovereign Agency	Australia	AUD	1,000,000	$1,035,600	AUSTRALIAN POSTAL CORP	2027-12-08	4.9921
292300	LLOYDS BANKING GROUP PLC 0.0% MAR-29	0.1	Corporate - Financial	Britain	AUD	1,000,000	$1,034,100	LLOYDS BANKING GROUP PLC	2029-03-17
KFW 4.4 07/12/29	KREDITANSTALT FUER WIEDERAUFBAU 4.4% JUL-29	0.1	Government Special Purpose Bank	Germany	AUD	1,000,000	$1,033,250	KFW	2029-07-12	4.4
IBRD 4.3 01/10/29	INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 4.3% JAN-29	0.1	Supranational	Supranational	AUD	1,000,000	$1,029,080	INTL BK RECON & DEVELOP	2029-01-10	4.3
303196	TOYOTA FINANCE AUSTRALIA LTD 5.2% SEP-28	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,028,940	TOYOTA FINANCE AUSTRALIA	2028-09-15	5.2
CPPIBC 4.4 01/15/29	CPPIB CAPITAL INC 4.4% JAN-29	0.1	Sovereign Agency	Canada	AUD	1,000,000	$1,028,120	CPPIB CAPITAL INC	2029-01-15	4.4
PSPCAP 5.25 02/27/35	PSP CAPITAL INC 5.25% FEB-35	0.1	Sovereign Agency	Canada	AUD	1,000,000	$1,027,500	PSP CAPITAL INC	2035-02-27	5.25
296652	SVENSK EXPORTKREDIT AB 4.3% MAY-28	0.1	Government Special Purpose Bank	Sweden	AUD	1,000,000	$1,027,200	SWEDISH EXPORT CREDIT	2028-05-30	4.3
303195	TORONTO-DOMINION BANK/THE 4.95% SEP-28	0.1	Corporate - Financial	Canada	AUD	1,000,000	$1,026,690	TORONTO-DOMINION BANK	2028-09-15	4.95
296092	AUSTRALIAN POSTAL CORP 4.7637% MAY-29	0.1	Sovereign Agency	Australia	AUD	1,000,000	$1,026,430	AUSTRALIAN POSTAL CORP	2029-05-22	4.7637
BNYLCM5	NATIONWIDE BUILDING SOCIETY 5.35% MAR-28	0.1	Corporate - Financial	Britain	AUD	1,000,000	$1,024,440	NATIONWIDE BLDG SOCIETY	2028-03-15	5.35
BACAU 5.9 03/08/34	BRISBANE AIRPORT CORP PTY LTD 5.9% MAR-34	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,023,620	BRISBANE AIRPORT CORP	2034-03-08	5.9
BYM2DN5	DEXUS FINANCE PTY LTD 4.75% NOV-25	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,022,230	DEXUS FINANCE PTY LTD	2025-11-05	4.75
BLPP921	ROYAL BANK OF CANADA/SYDNEY 4.5% JUL-27	0.1	Corporate - Financial	Canada	AUD	1,000,000	$1,020,750	ROYAL BANK OF CANADA/SYD	2027-07-13	4.5
BAC 5.497 10/30/26	BANK OF AMERICA NA/AUSTRALIA 5.497% OCT-26	0.1	Corporate - Financial	United States	AUD	1,000,000	$1,019,610	BANK OF AMERICA NA AUSTR	2026-10-30	5.497
NZLGFA 4.4 09/08/27	NEW ZEALAND LOCAL GOVERNMENT FUNDING AGENCY BOND 4.4% SEP-27	0.1	Local Authority	New Zealand	AUD	1,000,000	$1,019,440	NZ LOCAL GOVT FUND AGENC	2027-09-08	4.4
ANZ 4.05 05/12/25	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 4.05% MAY-25	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,017,860	AUST & NZ BANKING GROUP	2025-05-12	4.05
VW 5.3 02/09/27	VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA PTY LTD 5.3% FEB-27	0.1	Corporate - Non Financial	Germany	AUD	1,000,000	$1,016,560	VOLKSWAGEN FIN SERV AUST	2027-02-09	5.3
BYZZRV7	DEXUS WHOLESALE PROPERTY FUND 4.75% JUN-25	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,016,500	DEXUS WHOLESALE PROPERTY	2025-06-16	4.75
NAB Float 05/12/28	NATIONAL AUSTRALIA BANK LTD 0.0% MAY-28	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,015,720	NATIONAL AUSTRALIA BANK	2028-05-12
BYPDPN9	DEXUS FINANCE PTY LTD 4.25% MAY-27	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,013,750	DEXUS FINANCE PTY LTD	2027-05-11	4.25
BD0CNT6	PROVINCE OF MANITOBA CANADA 3.75% JUN-26	0.1	Local Authority	Canada	AUD	1,000,000	$1,012,560	MANITOBA (PROVINCE OF)	2026-06-09	3.75
DBSSP 4.678 02/24/26	DBS BANK LTD/AUSTRALIA 4.678% FEB-26	0.1	Corporate - Financial	Singapore	AUD	1,000,000	$1,012,170	DBS BANK LTD/AUSTRALIA	2026-02-24	4.678
MCYNZ 5.247 03/21/31	MERCURY NZ LTD 5.247% MAR-31	0.1	Corporate - Non Financial	New Zealand	AUD	1,000,000	$1,012,130	MERCURY NZ LTD	2031-03-21	5.247
TD 4.5 07/28/25	TORONTO-DOMINION BANK/THE 4.5% JUL-25	0.1	Corporate - Financial	Canada	AUD	1,000,000	$1,010,690	TORONTO-DOMINION BANK	2025-07-28	4.5
BDFZQ57	WSO FINANCE PTY LTD 4.5% SEP-27	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,010,610	WSO FINANCE PTY LTD	2027-09-30	4.5
ACGB 4.25 12/21/35	AUSTRALIA GOVERNMENT BOND 4.25% DEC-35	0.1	Sovereign	Australia	AUD	1,000,000	$1,010,540	AUSTRALIAN GOVERNMENT	2035-12-21	4.25
WSTP 5.351 02/12/35	WESTPAC BANKING CORP 5.351% FEB-35	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,009,930	WESTPAC BANKING CORP	2035-02-12	5.351
IADB 3.85 01/24/29	INTER-AMERICAN DEVELOPMENT BANK 3.85% JAN-29	0.1	Supranational	Supranational	AUD	1,000,000	$1,009,910	INTER-AMERICAN DEVEL BK	2029-01-24	3.85
LLOYDS 4.25 11/22/27	LLOYDS BANKING GROUP PLC 4.25% NOV-27	0.1	Corporate - Financial	Britain	AUD	1,000,000	$1,009,600	LLOYDS BANKING GROUP PLC	2027-11-22	4.25
TLSAU 4.75 09/06/30	TELSTRA GROUP LTD 4.75% SEP-30	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,008,880	TELSTRA GROUP LTD	2030-09-06	4.75
LBANK 4.25 08/07/25	LANDESKREDITBANK BADEN-WUERTTEMBERG FOERDERBANK 4.25% AUG-25	0.1	Local Authority	Germany	AUD	1,000,000	$1,008,590	L-BANK BW FOERDERBANK	2025-08-07	4.25
NTTC 5.5 03/21/36	NORTHERN TERRITORY TREASURY CORP 5.5% MAR-36	0.1	Local Authority	Australia	AUD	1,000,000	$1,007,440	NORTHERN TERRITORY TREAS	2036-03-21	5.5
BLB5Z27	NORFINA LTD 4.4% AUG-25	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,007,160	SUNCORP-METWAY LTD	2025-08-22	4.4
BNG 3.25 07/15/25	BNG BANK NV 3.25% JUL-25	0.1	Government Special Purpose Bank	Netherlands	AUD	1,000,000	$1,006,610	BNG BANK NV	2025-07-15	3.25
BNVXJY5	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 4.2% MAR-26	0.1	Corporate - Financial	Australia	AUD	1,000,000	$1,004,630	AUST & NZ BANKING GROUP	2026-03-31	4.2
	NESTLE CAPITAL CORP 4.55% MAR-30	0.1	Corporate - Non Financial	United States	AUD	1,000,000	$1,004,440	NESTLE CAPITAL CORP	2030-03-13	4.55
294491	CANADIAN IMPERIAL BANK OF COMMERCE/SYDNEY 0.0% APR-26	0.1	Corporate - Financial	Canada	AUD	1,000,000	$1,001,990	CIBC SYDNEY	2026-04-21
BVYHX71	PROVINCE OF ONTARIO CANADA 3.1% AUG-25	0.1	Local Authority	Canada	AUD	1,000,000	$1,000,870	ONTARIO (PROVINCE OF)	2025-08-26	3.1
MP 3.6 08/17/27	PROVINCE OF MANITOBA CANADA 3.6% AUG-27	0.1	Local Authority	Canada	AUD	1,000,000	$1,000,830	MANITOBA (PROVINCE OF)	2027-08-17	3.6
BJT2247	DYNO NOBEL LTD 4.3% MAR-26	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$1,000,270	INCITEC PIVOT LTD	2026-03-18	4.3
AUD	SUMITOMO MIT SYD SUMIBK 1 1/2 06/05/25	0.1			AUD	1,000,000	$1,000,000
VPNF 4 08/18/27	VICTORIA POWER NETWORKS FINANCE PTY LTD 4.0% AUG-27	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$999,440	VICTORIA POWER NETWORKS	2027-08-18	4.0
SGTOPT 1.6 07/01/25	OPTUS FINANCE PTY LTD 1.6% JUL-25	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$999,210	OPTUS FINANCE PTY LTD	2025-07-01	1.6
EIB 3.3 02/03/28	EUROPEAN INVESTMENT BANK 3.3% FEB-28	0.1	Supranational	Supranational	AUD	1,000,000	$998,480	EUROPEAN INVESTMENT BANK	2028-02-03	3.3
BDGKLM3	NORDIC INVESTMENT BANK 3.3% AUG-27	0.1	Supranational	Supranational	AUD	1,000,000	$998,170	NORDIC INVESTMENT BANK	2027-08-16	3.3
	NEW SOUTH WALES TREASURY CORP 5.25% FEB-38	0.1	Local Authority	Australia	AUD	1,000,000	$997,210	NEW S WALES TREASURY CRP	2038-02-24	5.25
BDRNWV7	GPT WHOLESALE SHOPPING CENTRE FUND NO 1 4.49% FEB-28	0.1	Corporate - Financial	Australia	AUD	1,000,000	$996,360	GPT WHOLESALE SHOP CENTR	2028-02-28	4.49
BMH2BT8	BANK OF NOVA SCOTIA/THE 0.0% JAN-27	0.1	Corporate - Financial	Canada	AUD	1,000,000	$994,940	BANK OF NOVA SCOTIA	2027-01-20
BF1ZKD1	WELLS FARGO & CO 4.0% APR-27	0.1	Corporate - Financial	United States	AUD	1,000,000	$994,040	WELLS FARGO & COMPANY	2027-04-27	4.0
SUNCBK 3.25 08/24/26	NORFINA LTD 3.25% AUG-26	0.1	Corporate - Financial	Australia	AUD	1,000,000	$993,410	SUNCORP-METWAY LTD	2026-08-24	3.25
295755	UBS AG/AUSTRALIA 5.0% MAY-28	0.1	Corporate - Financial	Switzerland	AUD	950,000	$989,748	UBS AG AUSTRALIA	2028-05-12	5.0
BACAU 4.5 12/30/30	BRISBANE AIRPORT CORP PTY LTD 4.5% DEC-30	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$985,770	BRISBANE AIRPORT CORP	2030-12-30	4.5
231301	SPARK FINANCE LTD 1.9% JUN-26	0.1	Corporate - Non Financial	New Zealand	AUD	1,000,000	$983,700	SPARK FINANCE LTD	2026-06-05	1.9
NTTC 3.5 05/21/30	NORTHERN TERRITORY TREASURY CORP 3.5% MAY-30	0.1	Local Authority	Australia	AUD	1,000,000	$983,660	NORTHERN TERRITORY TREAS	2030-05-21	3.5
ASIA 3.1 06/15/29	ASIAN DEVELOPMENT BANK 3.1% JUN-29	0.1	Supranational	Supranational	AUD	1,000,000	$982,360	ASIAN DEVELOPMENT BANK	2029-06-15	3.1
CIPFAU 3.026 12/16/27	CIP FUNDING PTY LTD 3.026% DEC-27	0.1	Corporate - Financial	Australia	AUD	1,000,000	$975,080	CIP FUNDING PTY LTD	2027-12-16	3.026
KBN 1.9 01/19/27	KOMMUNALBANKEN AS 1.9% JAN-27	0.1	Sovereign Agency	Norway	AUD	1,000,000	$974,750	KOMMUNALBANKEN AS	2027-01-19	1.9
251036	VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA PTY LTD 2.0% APR-26	0.1	Corporate - Non Financial	Germany	AUD	1,000,000	$974,300	VOLKSWAGEN FIN SERV AUST	2026-04-08	2.0
CPUAU 3.147 11/30/27	COMPUTERSHARE US INC 3.147% NOV-27	0.1	Corporate - Financial	Australia	AUD	1,000,000	$968,850	COMPUTERSHARE US INC	2027-11-30	3.147
BKLGM88	NETWORK FINANCE CO PTY LTD 2.25% NOV-26	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$968,390	NETWORK FINANCE CO PTY L	2026-11-11	2.25
UBS 5.808 11/24/28	UBS AG/AUSTRALIA 5.808% NOV-28	0.1	Corporate - Financial	Switzerland	AUD	900,000	$962,460	UBS AG AUSTRALIA	2028-11-24	5.808
QPHFIN 2.3 07/29/27	QPH FINANCE CO PTY LTD 2.3% JUL-27	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$960,000	QPH FINANCE CO PTY LTD	2027-07-29	2.3
239550	LENDLEASE FINANCE LTD 3.4% OCT-27	0.1	Corporate - Financial	Australia	AUD	1,000,000	$957,890	LENDLEASE FINANCE LTD	2027-10-27	3.4
NZLGFA 5.1 11/28/30	NEW ZEALAND LOCAL GOVERNMENT FUNDING AGENCY BOND 5.1% NOV-30	0.1	Local Authority	New Zealand	AUD	900,000	$949,860	NZ LOCAL GOVT FUND AGENC	2030-11-28	5.1
NBNAUS 2.15 06/02/28	NBN CO LTD 2.15% JUN-28	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$946,360	NBN CO LTD	2028-06-02	2.15
SGTOPT 2.6 11/24/28	OPTUS FINANCE PTY LTD 2.6% NOV-28	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$943,220	OPTUS FINANCE PTY LTD	2028-11-24	2.6
EDICOW 3 04/11/29	EDITH COWAN UNIVERSITY 3.0% APR-29	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$942,910	EDITH COWAN UNIVERSITY	2029-04-11	3.0
	WESTERN SYDNEY UNIVERSITY 1.606% DEC-27	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$941,010	WESTERN SYDNEY UNI	2027-12-08	1.606
BLF7S64	BWP TRUST 2.2% MAR-28	0.1	Corporate - Financial	Australia	AUD	1,000,000	$936,120	BWP TRUST	2028-03-24	2.2
ANZ 5 06/18/29	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 5.0% JUN-29	0.1	Corporate - Financial	Australia	AUD	900,000	$936,063	AUST & NZ BANKING GROUP	2029-06-18	5.0
CCDJ 4.751 12/02/27	FEDERATION DES CAISSES DESJARDINS DU QUEBEC 4.751% DEC-27	0.1	Corporate - Financial	Canada	AUD	900,000	$931,779	FED CAISSES DESJARDINS	2027-12-02	4.751
BRCOL 4.95 07/16/32	PROVINCE OF BRITISH COLUMBIA CANADA 4.95% JUL-32	0.1	Local Authority	Canada	AUD	900,000	$930,951	BRITISH COLUMBIA PROV OF	2032-07-16	4.95
304213	SVENSKA HANDELSBANKEN AB 5.4% OCT-28	0.1	Corporate - Financial	Sweden	AUD	900,000	$930,276	SVENSKA HANDELSBANKEN AB	2028-10-05	5.4
NAB 5.74 02/09/34	NATIONAL AUSTRALIA BANK LTD 5.74% FEB-34	0.1	Corporate - Financial	Australia	AUD	900,000	$927,513	NATIONAL AUSTRALIA BANK	2034-02-09	5.74
	AUCKLAND COUNCIL 4.6% JUN-30	0.1	Local Authority	New Zealand	AUD	900,000	$927,090	AUCKLAND COUNCIL	2030-06-28	4.6
VERFIN 2.4 09/21/28	VER FINCO PTY LTD 2.4% SEP-28	0.1	Corporate - Financial	Australia	AUD	1,000,000	$926,260	VER FINCO PTY	2028-09-21	2.4
NSWENF 2.732 04/23/29	NSW ELECTRICITY NETWORKS FINANCE PTY LTD 2.732% APR-29	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$926,200	NSW ELECTRICITY NETWORKS	2029-04-23	2.732
CM 4.495 12/20/27	CANADIAN IMPERIAL BANK OF COMMERCE/SYDNEY 4.495% DEC-27	0.1	Corporate - Financial	Canada	AUD	900,000	$920,664	CANADIAN IMPERIAL BANK	2027-12-20	4.495
DWPFAU 1.9 08/04/28	DWPF FINANCE PTY LTD 1.9% AUG-28	0.1	Corporate - Financial	Australia	AUD	1,000,000	$919,570	DWPF FINANCE PTY LTD	2028-08-04	1.9
ANZ 5.545 01/15/35	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 5.545% JAN-35	0.1	Corporate - Financial	Australia	AUD	900,000	$919,179	AUST & NZ BANKING GROUP	2035-01-15	5.545
SGSPAA 1.843 09/15/28	SGSP AUSTRALIA ASSETS PTY LTD 1.843% SEP-28	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$915,930	SGSP AUSTRALIA ASSETS	2028-09-15	1.843
ORIX 4.987 02/28/28	ORIX AUSTRALIA CORP LTD 4.987% FEB-28	0.1	Corporate - Financial	Japan	AUD	900,000	$915,786	ORIX AUSTRALIA CORP LTD	2028-02-28	4.987
BMB2V05	WSO FINANCE PTY LTD 2.7% JUN-30	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$909,750	WSO FINANCE PTY LTD	2030-06-28	2.7
SCAPRT 2.45 09/24/29	REGION RETAIL TRUST 2.45% SEP-29	0.1	Corporate - Financial	Australia	AUD	1,000,000	$905,210	SHOPPING CTR AU PRPTY RT	2029-09-24	2.45
	QPH FINANCE CO PTY LTD 5.302% MAR-32	0.1	Corporate - Non Financial	Australia	AUD	900,000	$904,626	QPH FINANCE CO PTY LTD	2032-03-05	5.302
WSTP 4.35 09/19/29	WESTPAC BANKING CORP 4.35% SEP-29	0.1	Corporate - Financial	Australia	AUD	900,000	$902,286	WESTPAC BANKING CORP	2029-09-19	4.35
WENNEX 3.15 03/31/31	WESTCONNEX FINANCE CO PTY LTD 3.15% MAR-31	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$893,850	WESTCONNEX FINANCE CO PT	2031-03-31	3.15
SGTOPT 2.5 07/01/30	OPTUS FINANCE PTY LTD 2.5% JUL-30	0.1	Corporate - Non Financial	Australia	AUD	1,000,000	$892,050	OPTUS FINANCE PTY LTD	2030-07-01	2.5
BK11P40	BWP TRUST 3.3% APR-26	0.1	Corporate - Financial	Australia	AUD	900,000	$890,802	BWP TRUST	2026-04-10	3.3
IBESM 5.38 11/28/30	IBERDROLA FINANZAS SA 5.38% NOV-30	0.1	Corporate - Non Financial	Spain	AUD	850,000	$885,216	IBERDROLA FINANZAS SAU	2030-11-28	5.38
CHLWR 2.787 03/03/31	CHARTER HALL LWR PTY LTD 2.787% MAR-31	0.1	Corporate - Financial	Australia	AUD	1,000,000	$873,030	CHARTER HALL LWR LTD	2031-03-03	2.787
CHCFIN 3.092 04/21/31	CHC FINANCE PTY LTD 3.092% APR-31	0.1	Corporate - Financial	Australia	AUD	1,000,000	$866,790	CHC FINANCE PTY LTD	2031-04-21	3.092
TASCOR 2.5 01/21/33	TASMANIAN PUBLIC FINANCE CORP 2.5% JAN-33	0.1	Local Authority	Australia	AUD	1,000,000	$861,800	TASMANIAN PUBLIC FINANCE	2033-01-21	2.5
DXSAU 3 02/03/32	DEXUS FINANCE PTY LTD 3.0% FEB-32	0.1	Corporate - Financial	Australia	AUD	1,000,000	$861,750	DEXUS FINANCE PTY LTD	2032-02-03	3.0
ANVAU 4.4 08/16/27	AUSNET SERVICES HOLDINGS PTY LTD 4.4% AUG-27	0.1	Corporate - Non Financial	Australia	AUD	850,000	$857,761	AUSNET SERVICES HOLDINGS	2027-08-16	4.4
EIB 1.3 01/27/31	EUROPEAN INVESTMENT BANK 1.3% JAN-31	0.1	Supranational	Supranational	AUD	1,000,000	$853,400	EUROPEAN INVESTMENT BANK	2031-01-27	1.3
LLOYDS 7.086 08/31/33	LLOYDS BANKING GROUP PLC 7.086% AUG-33	0.1	Corporate - Financial	Britain	AUD	800,000	$845,576	LLOYDS BANKING GROUP PLC	2033-08-31	7.086
DWPFAU 2.6 08/04/32	DWPF FINANCE PTY LTD 2.6% AUG-32	0.1	Corporate - Financial	Australia	AUD	1,000,000	$832,580	DWPF FINANCE PTY LTD	2032-08-04	2.6
CNHI 5.4 05/17/27	CNH INDUSTRIAL CAPITAL AUSTRALIA PTY LTD 5.4% MAY-27	0.1	Corporate - Non Financial	Australia	AUD	800,000	$831,240	CNH CAPITAL AUS PTY LTD	2027-05-17	5.4
VCXAU 5.6051 01/22/32	VICINITY CENTRES TRUST 5.6051% JAN-32	0.1	Corporate - Financial	Australia	AUD	800,000	$828,344	VICINITY CENTRES TRUST	2032-01-22	5.6051
TASCOR 4.75 01/21/31	TASMANIAN PUBLIC FINANCE CORP 4.75% JAN-31	0.1	Local Authority	Australia	AUD	800,000	$828,184	TASMANIAN PUBLIC FINANCE	2031-01-21	4.75
SGPAU 6.1 09/12/34	STOCKLAND TRUST 6.1% SEP-34	0.1	Corporate - Financial	Australia	AUD	800,000	$827,384	STOCKLAND TRUST	2034-09-12	6.1
BNP 5.288 02/15/29	BNP PARIBAS SA 5.288% FEB-29	0.1	Corporate - Financial	France	AUD	800,000	$822,376	BNP PARIBAS	2029-02-15	5.288
	BANK OF QUEENSLAND LTD 5.3% APR-29	0.1	Corporate - Financial	Australia	AUD	800,000	$818,552	BANK OF QUEENSLAND LTD	2029-04-30	5.3
ENBW 6.048 10/30/34	ENBW INTERNATIONAL FINANCE BV 6.048% OCT-34	0.1	Corporate - Non Financial	Germany	AUD	800,000	$814,832	ENBW INTL FINANCE BV	2034-10-30	6.048
INGAU 4.837 03/22/27	ING BANK AUSTRALIA LTD 4.837% MAR-27	0.1	Corporate - Financial	Australia	AUD	800,000	$813,400	ING BANK (AUSTRALIA) LTD	2027-03-22	4.837
NSWTC 4.25 02/20/36	NEW SOUTH WALES TREASURY CORP 4.25% FEB-36	0.1	Local Authority	Australia	AUD	860,000	$804,900	NEW S WALES TREASURY CRP	2036-02-20	4.25
CLFCAP 4.753 08/31/28	CLIFFORD CAPITAL PTE LTD 4.753% AUG-28	0.1	Corporate - Financial	Singapore	AUD	750,000	$777,428	CLIFFORD CAPITAL PTE LTD	2028-08-31	4.753
HSBC 6.211 03/21/34	HSBC HOLDINGS PLC 6.211% MAR-34	0.1	Corporate - Financial	Britain	AUD	750,000	$770,978	HSBC HOLDINGS PLC	2034-03-21	6.211
NAB 6.342 06/06/39	NATIONAL AUSTRALIA BANK LTD 6.342% JUN-39	0.1	Corporate - Financial	Australia	AUD	700,000	$742,588	NATIONAL AUSTRALIA BANK	2039-06-06	6.342
WATC 3 10/21/27	WESTERN AUSTRALIAN TREASURY CORP 3.0% OCT-27	0.1	Local Authority	Australia	AUD	750,000	$742,523	WESTERN AUST TREAS CORP	2027-10-21	3.0
SCGAU 5.2 11/27/29	SCENTRE GROUP TRUST 1 5.2% NOV-29	0.1	Corporate - Financial	Australia	AUD	700,000	$726,740	SCENTRE GROUP TRST 1	2029-11-27	5.2
AZJAU 6.2 12/05/33	AURIZON NETWORK PTY LTD 6.2% DEC-33	0.1	Corporate - Non Financial	Australia	AUD	700,000	$726,523	AURIZON NETWORK PTY LTD	2033-12-05	6.2
ANZ 6.124 07/25/39	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 6.124% JUL-39	0.1	Corporate - Financial	Australia	AUD	700,000	$724,423	AUST & NZ BANKING GROUP	2039-07-25	6.124
NZLGFA 4.7 08/01/28	NEW ZEALAND LOCAL GOVERNMENT FUNDING AGENCY BOND 4.7% AUG-28	0.1	Local Authority	New Zealand	AUD	700,000	$724,192	NZ LOCAL GOVT FUND AGENC	2028-08-01	4.7
	UNITED ENERGY DISTRIBUTION PTY LTD 4.968% MAR-27	0.1	Corporate - Non Financial	Australia	AUD	700,000	$711,669	UNITED ENERGY DISTRIBUTI	2027-03-26	4.968
	KIWIBANK LTD 4.885% APR-27	0.1	Corporate - Financial	New Zealand	AUD	700,000	$709,541	KIWIBANK LTD	2027-04-02	4.885
	ETSA UTILITIES FINANCE PTY LTD 4.612% MAR-28	0.1	Corporate - Non Financial	Australia	AUD	700,000	$708,694	ETSA UTILITIES FINANCE	2028-03-27	4.612
LLOYDS 5.788 08/29/34	LLOYDS BANKING GROUP PLC 5.788% AUG-34	0.1	Corporate - Financial	Britain	AUD	700,000	$708,148	LLOYDS BANKING GROUP PLC	2034-08-29	5.788
NSWPOF 5.042 09/19/31	NSW PORTS FINANCE CO PTY LTD 5.042% SEP-31	0.1	Corporate - Financial	Australia	AUD	700,000	$704,081	NSW PORTS FINANCE CO PTY	2031-09-19	5.042
AUD	MIZUHO BANK LTD/SYDNEY FRN 06SEP2027	0.1			AUD	700,000	$700,000
TASCOR 2.25 01/22/32	TASMANIAN PUBLIC FINANCE CORP 2.25% JAN-32	0.1	Local Authority	Australia	AUD	800,000	$699,704	TASMANIAN PUBLIC FINANCE	2032-01-22	2.25
TLSAU 4 04/19/27	TELSTRA CORP LTD 4.0% APR-27	0.1	Corporate - Non Financial	Australia	AUD	700,000	$699,160	TELSTRA CORP LTD	2027-04-19	4.0
	LIBERTY FINANCIAL PTY LTD 0.0% MAR-30	0.1	Corporate - Financial	Australia	AUD	700,000	$695,786	LIBERTY FINANCIAL PTY	2030-03-17
252376	BPCE SA 1.5% APR-26	0.1	Corporate - Financial	France	AUD	700,000	$680,715	BPCE SA	2026-04-20	1.5
WSTP 7.199 11/15/38	WESTPAC BANKING CORP 7.199% NOV-38	0.1	Corporate - Financial	Australia	AUD	600,000	$675,426	WESTPAC BANKING CORP	2038-11-15	7.199
QTC 2 08/22/33	QUEENSLAND TREASURY CORP 2.0% AUG-33	0.1	Local Authority	Australia	AUD	800,000	$651,072	QUEENSLAND TREASURY CORP	2033-08-22	2.0
NTTC 3.75 04/21/33	NORTHERN TERRITORY TREASURY CORP 3.75% APR-33	0.1	Local Authority	Australia	AUD	700,000	$644,273	NORTHERN TERRITORY TREAS	2033-04-21	3.75
ANVAU 6.134 05/31/33	AUSNET SERVICES HOLDINGS PTY LTD 6.134% MAY-33	0.1	Corporate - Non Financial	Australia	AUD	600,000	$639,174	AUSNET SERVICES HOLDINGS	2033-05-31	6.134
BACR 6.158 05/28/35	BARCLAYS PLC 6.158% MAY-35	0.1	Corporate - Financial	Britain	AUD	600,000	$624,966	BARCLAYS PLC	2035-05-28	6.158
BENAU 5.1 05/14/27	BENDIGO & ADELAIDE BANK LTD 5.1% MAY-27	0.1	Corporate - Financial	Australia	AUD	600,000	$623,706	BENDIGO AND ADELAIDE BK	2027-05-14	5.1
BNG58F0	ICPF FINANCE PTY LTD 2.725% OCT-30	0.1	Corporate - Financial	Australia	AUD	700,000	$615,650	ICPF FINANCE PTY LTD	2030-10-11	2.725
301515	WESTPAC BANKING CORP 4.8% AUG-26	0.1	Corporate - Financial	Australia	AUD	600,000	$611,766	WESTPAC BANKING CORP	2026-08-10	4.8
BMCS362	SUNCORP GROUP LTD 0.0% JUN-34	0.1	Corporate - Financial	Australia	AUD	600,000	$608,484	SUNCORP GROUP LTD	2034-06-27
NTTC 5.75 04/21/37	NORTHERN TERRITORY TREASURY CORP 5.75% APR-37	0.1	Local Authority	Australia	AUD	600,000	$607,644	NORTHERN TERRITORY TREAS	2037-04-21	5.75
MQGAU 5.603 02/20/35	MACQUARIE BANK LTD 5.603% FEB-35	0.1	Corporate - Financial	Australia	AUD	600,000	$607,146	MACQUARIE BANK LTD	2035-02-20	5.603
NBNAUS 5 08/28/31	NBN CO LTD 5.0% AUG-31	0.1	Corporate - Non Financial	Australia	AUD	600,000	$606,570	NBN CO LTD	2031-08-28	5.0
TASCOR 3.25 02/19/26	TASMANIAN PUBLIC FINANCE CORP 3.25% FEB-26	0.1	Local Authority	Australia	AUD	600,000	$601,704	TASMANIAN PUBLIC FINANCE	2026-02-19	3.25
AUD	MUFG BANK SYDNEY MUFG FLOAT 03/05/29	0.1			AUD	600,000	$600,000
CBAAU 6.152 11/27/39	COMMONWEALTH BANK OF AUSTRALIA 6.152% NOV-39	0.1	Corporate - Financial	Australia	AUD	550,000	$576,147	COMMONWEALTH BANK AUST	2039-11-27	6.152
QPHFIN 6.392 11/01/30	QPH FINANCE CO PTY LTD 6.392% NOV-30	0.1	Corporate - Non Financial	Australia	AUD	500,000	$546,965	QPH FINANCE CO PTY LTD	2030-11-01	6.392
	LIBERTY FINANCIAL PTY LTD 0.0% MAR-29	0.1	Corporate - Financial	Australia	AUD	500,000	$531,695	LIBERTY FINANCIAL PTY	2029-03-08
	AIRSERVICES AUSTRALIA 5.4% NOV-28	0.1	Sovereign Agency	Australia	AUD	500,000	$531,360	AIRSERVICES AUSTRALIA	2028-11-15	5.4
FLNPRT 6.1 07/10/34	FLINDERS PORT HOLDINGS PTY LTD 6.1% JUL-34	0.1	Corporate - Non Financial	Australia	AUD	500,000	$529,855	FLINDERS PORT HOLDINGS	2034-07-10	6.1
SANTAN 6.499 01/23/31	BANCO SANTANDER SA 6.499% JAN-31	0.1	Corporate - Financial	Spain	AUD	500,000	$529,550	BANCO SANTANDER SA	2031-01-23	6.499
305280	BPCE SA 6.2715% OCT-28	0.1	Corporate - Financial	France	AUD	500,000	$526,105	BPCE SA	2028-10-24	6.2715
	NORFINA LTD 5.45% MAY-27	0.1	Corporate - Financial	Australia	AUD	500,000	$524,230	SUNCORP-METWAY LTD	2027-05-24	5.45
WSTP 5.972 07/10/34	WESTPAC BANKING CORP 5.972% JUL-34	0.1	Corporate - Financial	Australia	AUD	500,000	$522,765	WESTPAC BANKING CORP	2034-07-10	5.972
ACAFP 5.3636 06/01/28	CREDIT AGRICOLE SA 5.3636% JUN-28	0.1	Corporate - Financial	France	AUD	500,000	$522,180	CREDIT AGRICOLE SA	2028-06-01	5.3636
CBAAU 6.446 10/25/33	COMMONWEALTH BANK OF AUSTRALIA 6.446% OCT-33	0.1	Corporate - Financial	Australia	AUD	500,000	$521,625	COMMONWEALTH BANK AUST	2033-10-25	6.446
INGAU 4.9492 11/20/29	ING BANK AUSTRALIA LTD 4.9492% NOV-29	0.1	Corporate - Financial	Australia	AUD	500,000	$521,355	ING BANK (AUSTRALIA) LTD	2029-11-20	4.9492
BP7NL81	NATIONAL AUSTRALIA BANK LTD 4.95% NOV-27	0.1	Corporate - Financial	Australia	AUD	500,000	$520,730	NATIONAL AUSTRALIA BANK	2027-11-25	4.95
BQLT900	QBE INSURANCE GROUP LTD 0.0% JUN-39	0.1	Corporate - Financial	Australia	AUD	500,000	$520,690	QBE INSURANCE GROUP LTD	2039-06-28
PCARAU 4.95 05/20/27	PACCAR FINANCIAL PTY LTD 4.95% MAY-27	0.1	Corporate - Non Financial	Australia	AUD	500,000	$519,155	PACCAR FINANCIAL PTY LTD	2027-05-20	4.95
KOREA 4.51 12/10/29	KOREA INTERNATIONAL BOND 4.51% DEC-29	0.1	Sovereign	South Korea	AUD	500,000	$518,905	REPUBLIC OF KOREA	2029-12-10	4.51
LOFINA 5.5 11/19/31	LONSDALE FINANCE PTY LTD 5.5% NOV-31	0.1	Corporate - Non Financial	Australia	AUD	500,000	$518,535	LONSDALE FINANCE PTY LTD	2031-11-19	5.5
AIRSER 5 05/15/31	AIRSERVICES AUSTRALIA 5.0% MAY-31	0.1	Sovereign Agency	Australia	AUD	500,000	$518,365	AIRSERVICES AUSTRALIA	2031-05-15	5.0
305682	BENDIGO & ADELAIDE BANK LTD 0.0% NOV-33	0.1	Corporate - Financial	Australia	AUD	500,000	$517,670	BENDIGO AND ADELAIDE BK	2033-11-03
WSTP 4.95 01/21/30	WESTPAC BANKING CORP 4.95% JAN-30	0.1	Corporate - Financial	Australia	AUD	500,000	$517,530	WESTPAC BANKING CORP	2030-01-21	4.95
VW 5.55 06/14/28	VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA PTY LTD 5.55% JUN-28	0.1	Corporate - Non Financial	Germany	AUD	500,000	$517,455	VOLKSWAGEN FIN SERV AUST	2028-06-14	5.55
SCGAU 5.9 11/27/34	SCENTRE GROUP TRUST 1 5.9% NOV-34	0.1	Corporate - Financial	Australia	AUD	500,000	$517,365	SCENTRE GROUP TRST 1	2034-11-27	5.9
BFCM 5.1264 05/24/27	BANQUE FEDERATIVE DU CREDIT MUTUEL SA 5.1264% MAY-27	0.1	Corporate - Financial	France	AUD	500,000	$517,310	BANQUE FED CRED MUTUEL	2027-05-24	5.1264
	CORP ANDINA DE FOMENTO 5.3% FEB-29	0.1	Supranational	Supranational	AUD	500,000	$517,105	CORP ANDINA DE FOMENTO	2029-02-19	5.3
RENTEN 4.75 05/06/26	LANDWIRTSCHAFTLICHE RENTENBANK 4.75% MAY-26	0.1	Government Special Purpose Bank	Germany	AUD	500,000	$516,755	LANDWIRTSCH. RENTENBANK	2026-05-06	4.75
TLSAU 5.65 03/06/34	TELSTRA GROUP LTD 5.65% MAR-34	0.1	Corporate - Non Financial	Australia	AUD	500,000	$516,660	TELSTRA GROUP LTD	2034-03-06	5.65
ASIA 4.5 06/20/30	ASIAN DEVELOPMENT BANK 4.5% JUN-30	0.1	Supranational	Supranational	AUD	500,000	$516,170	ASIAN DEVELOPMENT BANK	2030-06-20	4.5
BNQSBV6	NORFINA LTD 4.8% DEC-27	0.1	Corporate - Financial	Australia	AUD	500,000	$515,625	SUNCORP-METWAY LTD	2027-12-14	4.8
HSBC 5.1 03/03/28	HONGKONG & SHANGHAI BANKING CORP LTD-THE-/SYDNEY 5.1% MAR-28	0.1	Corporate - Financial	Hong Kong	AUD	500,000	$515,170	HSBC LTD/SYDNEY	2028-03-03	5.1
LLOYDS 5.687 03/06/30	LLOYDS BANKING GROUP PLC 5.687% MAR-30	0.1	Corporate - Financial	Britain	AUD	500,000	$515,090	LLOYDS BANKING GROUP PLC	2030-03-06	5.687
LLOYDS 5.3906 06/10/27	LLOYDS BANKING GROUP PLC 5.3906% JUN-27	0.1	Corporate - Financial	Britain	AUD	500,000	$514,960	LLOYDS BANKING GROUP PLC	2027-06-10	5.3906
WOWAU 5.762 04/18/31	WOOLWORTHS GROUP LTD 5.762% APR-31	0.1	Corporate - Non Financial	Australia	AUD	500,000	$514,920	WOOLWORTHS GROUP LTD	2031-04-18	5.762
SCAPRT 5.55 03/05/31	REGION RETAIL TRUST 5.55% MAR-31	0.1	Corporate - Financial	Australia	AUD	500,000	$514,435	REGION RETAIL TRUST	2031-03-05	5.55
CBAAU 4.9 08/17/28	COMMONWEALTH BANK OF AUSTRALIA 4.9% AUG-28	0.1	Corporate - Financial	Australia	AUD	500,000	$514,125	COMMONWEALTH BANK AUST	2028-08-17	4.9
303344	WESTPAC BANKING CORP 5.0% SEP-28	0.1	Corporate - Financial	Australia	AUD	500,000	$514,040	WESTPAC BANKING CORP	2028-09-19	5.0
ANZ 4.95 11/04/25	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 4.95% NOV-25	0.1	Corporate - Financial	Australia	AUD	500,000	$513,495	AUST & NZ BANKING GROUP	2025-11-04	4.95
ASIA 4.25 01/17/28	ASIAN DEVELOPMENT BANK 4.25% JAN-28	0.1	Supranational	Supranational	AUD	500,000	$513,340	ASIAN DEVELOPMENT BANK	2028-01-17	4.25
CBAAU 4.75 01/09/30	COMMONWEALTH BANK OF AUSTRALIA 4.75% JAN-30	0.1	Corporate - Financial	Australia	AUD	500,000	$513,345	COMMONWEALTH BANK AUST	2030-01-09	4.75
ANVAU 6.187 02/12/55	AUSNET SERVICES HOLDINGS PTY LTD 6.187% FEB-55	0.1	Corporate - Non Financial	Australia	AUD	500,000	$513,235	AUSNET SERVICES HOLDINGS	2055-02-12	6.187
AFDB 4.5 06/02/26	AFRICAN DEVELOPMENT BANK 4.5% JUN-26	0.1	Supranational	Supranational	AUD	500,000	$513,095	AFRICAN DEVELOPMENT BANK	2026-06-02	4.5
BMZPGQ1	WESTPAC BANKING CORP 4.8% FEB-28	0.1	Corporate - Financial	Australia	AUD	500,000	$512,785	WESTPAC BANKING CORP	2028-02-16	4.8
295554	NATIONAL AUSTRALIA BANK LTD 4.4% MAY-28	0.1	Corporate - Financial	Australia	AUD	500,000	$512,675	NATIONAL AUSTRALIA BANK	2028-05-12	4.4
295683	BENDIGO & ADELAIDE BANK LTD 4.7% MAY-26	0.1	Corporate - Financial	Australia	AUD	500,000	$512,615	BENDIGO AND ADELAIDE BK	2026-05-15	4.7
	WESTPAC BANKING CORP 0.0% APR-34	0.1	Corporate - Financial	Australia	AUD	500,000	$511,835	WESTPAC BANKING CORP	2034-04-03
EIB 4.2 08/21/28	EUROPEAN INVESTMENT BANK 4.2% AUG-28	0.1	Supranational	Supranational	AUD	500,000	$511,385	EUROPEAN INVESTMENT BANK	2028-08-21	4.2
	INDUSTRIAL BANK OF KOREA 4.826% FEB-30	0.1	Government Special Purpose Bank	South Korea	AUD	500,000	$511,045	INDUSTRIAL BANK OF KOREA	2030-02-27	4.826
	INSURANCE AUSTRALIA GROUP LTD 0.0% DEC-38	0.1	Corporate - Financial	Australia	AUD	500,000	$511,010	INSURANCE AUSTRALIA GRP	2038-12-15
NAB 4.65 11/25/25	NATIONAL AUSTRALIA BANK LTD 4.65% NOV-25	0.1	Corporate - Financial	Australia	AUD	500,000	$510,880	NATIONAL AUSTRALIA BANK	2025-11-25	4.65
BYYWSC7	AUSTRALIA PACIFIC AIRPORTS MELBOURNE PTY LTD 4.55% NOV-25	0.1	Corporate - Non Financial	Australia	AUD	500,000	$510,845	AUSTRALIA PACIFIC AIRPOR	2025-11-11	4.55
NAB Float 11/18/31	NATIONAL AUSTRALIA BANK LTD 6.1891% NOV-31	0.1	Corporate - Financial	Australia	AUD	500,000	$510,695	NATIONAL AUSTRALIA BANK	2031-11-18	6.1891
WESAIR 5.6 03/05/31	PERTH AIRPORT PTY LTD 5.6% MAR-31	0.1	Corporate - Non Financial	Australia	AUD	500,000	$510,130	PERTH AIRPORT PTY LTD	2031-03-05	5.6
BPCPX42	ING BANK AUSTRALIA LTD 4.7% DEC-25	0.1	Corporate - Financial	Australia	AUD	500,000	$510,090	ING BANK (AUSTRALIA) LTD	2025-12-08	4.7
BPTKDC8	BANK OF QUEENSLAND LTD 4.7% JAN-27	0.1	Corporate - Financial	Australia	AUD	500,000	$508,885	BANK OF QUEENSLAND LTD	2027-01-27	4.7
BYZWC91	COMMONWEALTH BANK OF AUSTRALIA 4.2% JUN-26	0.1	Corporate - Financial	Australia	AUD	500,000	$508,780	COMMONWEALTH BANK AUST	2026-06-11	4.2
RY 3 3/4 05/06/25	ROYAL BANK OF CANADA/SYDNEY 3.75% MAY-25	0.1	Corporate - Financial	Canada	AUD	500,000	$508,525	ROYAL BANK OF CANADA/SYD	2025-05-06	3.75
BZ6FFQ4	WESTPAC BANKING CORP 4.125% JUN-26	0.1	Corporate - Financial	Australia	AUD	500,000	$508,305	WESTPAC BANKING CORP	2026-06-04	4.125
BN6KLT0	BANK OF QUEENSLAND LTD 0.0% MAY-28	0.1	Corporate - Financial	Australia	AUD	500,000	$508,010	BANK OF QUEENSLAND LTD	2028-05-09
276268	ING BANK AUSTRALIA LTD 4.0% MAY-25	0.1	Corporate - Financial	Australia	AUD	500,000	$507,865	ING BANK (AUSTRALIA) LTD	2025-05-26	4.0
WSTP 3.8 05/20/25	WESTPAC BANKING CORP 3.8% MAY-25	0.1	Corporate - Financial	Australia	AUD	500,000	$507,770	WESTPAC BANKING CORP	2025-05-20	3.8
TOYOTA 4.75 04/06/28	TOYOTA FINANCE AUSTRALIA LTD 4.75% APR-28	0.1	Corporate - Non Financial	Australia	AUD	500,000	$507,405	TOYOTA FINANCE AUSTRALIA	2028-04-06	4.75
BLDCZS2	PACCAR FINANCIAL PTY LTD 4.05% JUN-25	0.1	Corporate - Non Financial	Australia	AUD	500,000	$507,375	PACCAR FINANCIAL PTY LTD	2025-06-02	4.05
EIB 4.55 06/02/33	EUROPEAN INVESTMENT BANK 4.55% JUN-33	0.1	Supranational	Supranational	AUD	500,000	$507,160	EUROPEAN INVESTMENT BANK	2033-06-02	4.55
IBRD 4.25 06/24/25	INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 4.25% JUN-25	0.1	Supranational	Supranational	AUD	500,000	$507,100	INTL BK RECON & DEVELOP	2025-06-24	4.25
Q 3.7 05/20/26	PROVINCE OF QUEBEC CANADA 3.7% MAY-26	0.1	Local Authority	Canada	AUD	500,000	$507,050	PROVINCE OF QUEBEC	2026-05-20	3.7
ELECTR 5.3038 07/10/31	ELECTRANET PTY LTD 5.3038% JUL-31	0.1	Corporate - Non Financial	Australia	AUD	500,000	$506,595	ELECTRANET PTY LTD	2031-07-10	5.3038
EUROF 3.9 12/19/25	EUROFIMA EUROPAEISCHE GESELLSCHAFT FUER DIE FINANZIERUNG VON EISENBAHNMATERIAL 3.9% DEC-25	0.1	Supranational	Supranational	AUD	500,000	$506,250	EUROFIMA	2025-12-19	3.9
285030	KOMMUNALBANKEN AS 4.4% FEB-26	0.1	Sovereign Agency	Norway	AUD	500,000	$506,155	KOMMUNALBANKEN AS	2026-02-17	4.4
BMGWWF2	SUNCORP GROUP LTD 0.0% DEC-35	0.1	Corporate - Financial	Australia	AUD	500,000	$506,115	SUNCORP GROUP LTD	2035-12-01
BD9WX42	MACQUARIE BANK LTD 4.25% JUL-26	0.1	Corporate - Financial	Australia	AUD	500,000	$505,985	MACQUARIE BANK LTD	2026-07-28	4.25
NEDFIN 4.25 07/08/25	NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN NV 4.25% JUL-25	0.1	Government Special Purpose Bank	Netherlands	AUD	500,000	$505,905	NEDER FINANCIERINGS-MAAT	2025-07-08	4.25
VZ 4.5 08/17/27	VERIZON COMMUNICATIONS INC 4.5% AUG-27	0.1	Corporate - Non Financial	United States	AUD	500,000	$505,875	VERIZON COMMUNICATIONS	2027-08-17	4.5
NWG 5.0546 08/12/25	NATWEST MARKETS PLC 5.0546% AUG-25	0.1	Corporate - Financial	Britain	AUD	500,000	$505,775	NATWEST MARKETS PLC	2025-08-12	5.0546
VOD 4.2 12/13/27	VODAFONE GROUP PLC 4.2% DEC-27	0.1	Corporate - Non Financial	Britain	AUD	500,000	$505,640	VODAFONE GROUP PLC	2027-12-13	4.2
BDB76V3	APPLE INC 3.6% JUN-26	0.1	Corporate - Non Financial	United States	AUD	500,000	$505,130	APPLE INC	2026-06-10	3.6
BD6DFL9	AUSTRALIA PACIFIC AIRPORTS MELBOURNE PTY LTD 3.75% NOV-26	0.1	Corporate - Non Financial	Australia	AUD	500,000	$504,995	AUSTRALIA PACIFIC AIRPOR	2026-11-04	3.75
CBAAU Float 08/20/31	COMMONWEALTH BANK OF AUSTRALIA 5.4673% AUG-31	0.1	Corporate - Financial	Australia	AUD	500,000	$504,720	COMMONWEALTH BANK AUST	2031-08-20	5.4673
T 4.1 01/19/26	AT&T INC 4.1% JAN-26	0.1	Corporate - Non Financial	United States	AUD	500,000	$504,665	AT&T INC	2026-01-19	4.1
NTTC 5.25 03/21/34	NORTHERN TERRITORY TREASURY CORP 5.25% MAR-34	0.1	Local Authority	Australia	AUD	500,000	$504,645	NORTHERN TERRITORY TREAS	2034-03-21	5.25
ANZ Float 01/16/34	AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 5.953% JAN-34	0.1	Corporate - Financial	Australia	AUD	500,000	$504,285	AUST & NZ BANKING GROUP	2034-01-16	5.953
BENAU Float 01/27/27		0.1	Corporate - Financial	Australia	AUD	500,000	$504,065	BENDIGO AND ADELAIDE BK
BLPP909	ROYAL BANK OF CANADA/SYDNEY 0.0% JUL-27	0.1	Corporate - Financial	Canada	AUD	500,000	$503,865	ROYAL BANK OF CANADA/SYD	2027-07-13
CBAAU 4.2 08/18/25	COMMONWEALTH BANK OF AUSTRALIA 4.2% AUG-25	0.1	Corporate - Financial	Australia	AUD	500,000	$503,510	COMMONWEALTH BANK AUST	2025-08-18	4.2
282267	BPCE SA 5.2018% SEP-25	0.1	Corporate - Financial	France	AUD	500,000	$503,085	BPCE SA	2025-09-29	5.2018
TRGRID 6.277 03/11/55	NSW ELECTRICITY NETWORKS FINANCE PTY LTD 6.277% MAR-55	0.1	Corporate - Non Financial	Australia	AUD	500,000	$503,040	NSW ELECTRICITY NETWORKS	2055-03-11	6.277
230306	WOOLWORTHS GROUP LTD 1.85% MAY-25	0.1	Corporate - Non Financial	Australia	AUD	500,000	$502,900	WOOLWORTHS GROUP LTD	2025-05-20	1.85
	ASX LTD 0.0% FEB-27	0.1	Corporate - Financial	Australia	AUD	500,000	$502,845	ASX LTD	2027-02-26
BF0N4T0	METROPOLITAN LIFE GLOBAL FUNDING I 4.0% JUL-27	0.1	Corporate - Financial	United States	AUD	500,000	$502,775	MET LIFE GLOB FUNDING I	2027-07-13	4.0
IFC 3.6 02/24/26	INTERNATIONAL FINANCE CORP 3.6% FEB-26	0.1	Supranational	Supranational	AUD	500,000	$502,500	INTL FINANCE CORP	2026-02-24	3.6
AIRSER 3.25 05/15/26	AIRSERVICES AUSTRALIA 3.25% MAY-26	0.1	Sovereign Agency	Australia	AUD	500,000	$502,475	AIRSERVICES AUSTRALIA	2026-05-15	3.25
SANTAN 5.8 03/06/35	BANCO SANTANDER SA 5.8% MAR-35	0.1	Corporate - Financial	Spain	AUD	500,000	$502,370	BANCO SANTANDER SA	2035-03-06	5.8
237547	KIWIBANK LTD 0.0% SEP-25	0.1	Corporate - Financial	New Zealand	AUD	500,000	$502,360	KIWIBANK LTD	2025-09-23
230921	BPCE SA 2.0% JUN-25	0.1	Corporate - Financial	France	AUD	500,000	$502,220	BPCE SA	2025-06-05	2.0
BDZZZZ0	ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.1% SEP-27	0.1	Corporate - Non Financial	Belgium	AUD	500,000	$502,030	ANHEUSER-BUSCH INBEV WOR	2027-09-06	4.1
NIB 3.4 02/06/26	NORDIC INVESTMENT BANK 3.4% FEB-26	0.1	Supranational	Supranational	AUD	500,000	$502,015	NORDIC INVESTMENT BANK	2026-02-06	3.4
ETSA 5.681 03/27/35	ETSA UTILITIES FINANCE PTY LTD 5.681% MAR-35	0.1	Corporate - Non Financial	Australia	AUD	500,000	$502,005	ETSA UTILITIES FINANCE	2035-03-27	5.681
SUNAU 4.85 10/17/25	NORFINA LTD 4.85% OCT-25	0.1	Corporate - Financial	Australia	AUD	500,000	$501,605	SUNCORP-METWAY LTD	2025-10-17	4.85
MGRAU 5.15 03/18/31	MIRVAC GROUP FINANCE LTD 5.15% MAR-31	0.1	Corporate - Financial	Australia	AUD	500,000	$500,155	MIRVAC GROUP FINANCE LTD	2031-03-18	5.15
KBN 3 12/09/26	KOMMUNALBANKEN AS 3.0% DEC-26	0.1	Sovereign Agency	Norway	AUD	500,000	$500,125	KOMMUNALBANKEN AS	2026-12-09	3.0
BACAU 3.9 04/24/25	BRISBANE AIRPORT CORP PTY LTD 3.9% APR-25	0.1	Corporate - Non Financial	Australia	AUD	500,000	$499,935	BRISBANE AIRPORT CORP	2025-04-24	3.9
EIB 3.1 08/17/26	EUROPEAN INVESTMENT BANK 3.1% AUG-26	0.1	Supranational	Supranational	AUD	500,000	$499,885	EUROPEAN INVESTMENT BANK	2026-08-17	3.1
NEDWBK 3.45 07/17/28	NEDERLANDSE WATERSCHAPSBANK NV 3.45% JUL-28	0.1	Government Special Purpose Bank	Netherlands	AUD	500,000	$499,555	NEDER WATERSCHAPSBANK	2028-07-17	3.45
BYP6R54	AUCKLAND COUNCIL 3.5% MAR-26	0.1	Local Authority	New Zealand	AUD	500,000	$499,455	AUCKLAND COUNCIL	2026-03-09	3.5
KFW 3.2 09/11/26	KREDITANSTALT FUER WIEDERAUFBAU 3.2% SEP-26	0.1	Government Special Purpose Bank	Germany	AUD	500,000	$499,335	KFW	2026-09-11	3.2
AUSCAP 5.25 10/23/36	AUSTRALIAN CAPITAL TERRITORY 5.25% OCT-36	0.1	Local Authority	Australia	AUD	500,000	$499,300	AUST CAPITAL TERRITORY	2036-10-23	5.25
BQDAU 4 10/29/25	BANK OF QUEENSLAND LTD 4.0% OCT-25	0.1	Corporate - Financial	Australia	AUD	500,000	$498,505	BANK OF QUEENSLAND LTD	2025-10-29	4.0
BF51KP7	DEUTSCHE BAHN FINANCE GMBH 3.8% SEP-27	0.1	Corporate - Non Financial	Germany	AUD	500,000	$498,340	DEUTSCHE BAHN FIN GMBH	2027-09-27	3.8
TQLAU 5.623 08/28/34	TRANSURBAN QUEENSLAND FINANCE PTY LTD 5.623% AUG-34	0.1	Corporate - Non Financial	Australia	AUD	500,000	$498,030	TRANSURBAN QLD FINANCE	2034-08-28	5.623
	QBE INSURANCE GROUP LTD 0.0% JUN-35	0.1	Corporate - Financial	Australia	AUD	500,000	$497,975	QBE INSURANCE GROUP LTD	2035-06-11
BYSXSJ3	SVENSK EXPORTKREDIT AB 3.3% SEP-26	0.1	Government Special Purpose Bank	Sweden	AUD	500,000	$497,360	SWEDISH EXPORT CREDIT	2026-09-18	3.3
SCGAU 5.9 03/31/55	SCENTRE GROUP TRUST 1 5.9% MAR-55	0.1	Corporate - Financial	Australia	AUD	500,000	$497,150	SCENTRE GROUP TRST 1	2055-03-31	5.9
ASIA 3.3 08/08/28	ASIAN DEVELOPMENT BANK 3.3% AUG-28	0.1	Supranational	Supranational	AUD	500,000	$497,110	ASIAN DEVELOPMENT BANK	2028-08-08	3.3
UBS 1.2 07/30/25	UBS AG/AUSTRALIA 1.2% JUL-25	0.1	Corporate - Financial	Switzerland	AUD	500,000	$497,045	UBS AG AUSTRALIA	2025-07-30	1.2
IBRD 3.3 08/14/28	INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28	0.1	Supranational	Supranational	AUD	500,000	$496,925	INTL BK RECON & DEVELOP	2028-08-14	3.3
ASIA 3 10/14/26	ASIAN DEVELOPMENT BANK 3.0% OCT-26	0.1	Supranational	Supranational	AUD	500,000	$496,190	ASIAN DEVELOPMENT BANK	2026-10-14	3.0
VW 1.4 08/25/25	VOLKSWAGEN FINANCIAL SERVICES AUSTRALIA PTY LTD 1.4% AUG-25	0.1	Corporate - Non Financial	Germany	AUD	500,000	$495,545	VOLKSWAGEN FIN SERV AUST	2025-08-25	1.4
IFC 3.2 10/18/27	INTERNATIONAL FINANCE CORP 3.2% OCT-27	0.1	Supranational	Supranational	AUD	500,000	$495,425	INTL FINANCE CORP	2027-10-18	3.2
260234	GENERAL MOTORS FINANCIAL CO INC 1.55% SEP-25	0.1	Corporate - Non Financial	United States	AUD	500,000	$495,405	GENERAL MOTORS FINL CO	2025-09-02	1.55
NEDWBK 3.3 05/02/29	NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29	0.1	Government Special Purpose Bank	Netherlands	AUD	500,000	$495,015	NEDER WATERSCHAPSBANK	2029-05-02	3.3
BD0PB35	EUROFIMA EUROPAEISCHE GESELLSCHAFT FUER DIE FINANZIERUNG VON EISENBAHNMATERIAL 2.6% JAN-27	0.1	Supranational	Supranational	AUD	500,000	$493,975	EUROFIMA	2027-01-13	2.6
BP8KS68		0.1	Corporate - Non Financial	Australia	AUD	500,000	$493,305	MONASH UNIVERSITY
NAB 2.9 02/25/27	NATIONAL AUSTRALIA BANK LTD 2.9% FEB-27	0.1	Corporate - Financial	Australia	AUD	500,000	$492,310	NATIONAL AUSTRALIA BANK	2027-02-25	2.9
IADB 2.5 04/14/27	INTER-AMERICAN DEVELOPMENT BANK 2.5% APR-27	0.1	Supranational	Supranational	AUD	500,000	$489,950	INTER-AMERICAN DEVEL BK	2027-04-14	2.5
219623	COLES GROUP TREASURY PTY LTD 2.2% NOV-26	0.1	Corporate - Non Financial	Australia	AUD	500,000	$489,465	COLES GROUP TREASURY	2026-11-06	2.2
BD5CZT5	AUCKLAND COUNCIL 2.9% SEP-27	0.1	Local Authority	New Zealand	AUD	500,000	$488,960	AUCKLAND COUNCIL	2027-09-16	2.9
BNRK6H2	SVENSKA HANDELSBANKEN AB 1.2% MAR-26	0.1	Corporate - Financial	Sweden	AUD	500,000	$488,300	SVENSKA HANDELSBANKEN AB	2026-03-04	1.2
IBRD 4.2 04/21/33	INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 4.2% APR-33	0.1	Supranational	Supranational	AUD	500,000	$487,175	INTL BK RECON & DEVELOP	2033-04-21	4.2
NRWBK 1.05 03/31/26	NRW BANK 1.05% MAR-26	0.1	Local Authority	Germany	AUD	500,000	$487,145	NRW.BANK	2026-03-31	1.05
	INSURANCE AUSTRALIA GROUP LTD 0.0% JUN-37	0.1	Corporate - Financial	Australia	AUD	500,000	$485,555	INSURANCE AUSTRALIA GRP	2037-06-15
259409	ING BANK AUSTRALIA LTD 1.1% AUG-26	0.1	Corporate - Financial	Australia	AUD	500,000	$481,720	ING BANK (AUSTRALIA) LTD	2026-08-19	1.1
AUSCAP 4.5 10/23/34	AUSTRALIAN CAPITAL TERRITORY 4.5% OCT-34	0.1	Local Authority	Australia	AUD	500,000	$480,465	AUST CAPITAL TERRITORY	2034-10-23	4.5
AZOAU 3 03/09/28	AURIZON FINANCE PTY LTD 3.0% MAR-28	0.1	Corporate - Non Financial	Australia	AUD	500,000	$477,360	AURIZON FINANCE PTY LTD	2028-03-09	3.0
WOWAU 1.85 11/15/27	WOOLWORTHS GROUP LTD 1.85% NOV-27	0.1	Corporate - Non Financial	Australia	AUD	500,000	$474,900	WOOLWORTHS GROUP LTD	2027-11-15	1.85
NTTC 4.5 03/21/35	NORTHERN TERRITORY TREASURY CORP 4.5% MAR-35	0.1	Local Authority	Australia	AUD	500,000	$469,045	NORTHERN TERRITORY TREAS	2035-03-21	4.5
AGIAGN 2.1486 04/28/28	AUSTRALIAN GAS NETWORKS LTD 2.1486% APR-28	0.1	Corporate - Non Financial	Australia	AUD	500,000	$466,875	AUSTRALIAN GAS NETWORKS	2028-04-28	2.1486
ANVAU 2.6 07/31/29	AUSNET SERVICES HOLDINGS PTY LTD 2.6% JUL-29	0.1	Corporate - Non Financial	Australia	AUD	500,000	$460,235	AUSNET SERVICES HOLDINGS	2029-07-31	2.6
IFC 0.75 05/24/28	INTERNATIONAL FINANCE CORP 0.75% MAY-28	0.1	Supranational	Supranational	AUD	500,000	$458,990	INTL FINANCE CORP	2028-05-24	0.75
RENTEN 1.9 01/30/30	LANDWIRTSCHAFTLICHE RENTENBANK 1.9% JAN-30	0.1	Government Special Purpose Bank	Germany	AUD	500,000	$455,035	LANDWIRTSCH. RENTENBANK	2030-01-30	1.9
APPFCF 3.6 11/11/31	APPF COMMERCIAL FINANCE PTY LTD 3.6% NOV-31	0.1	Corporate - Financial	Australia	AUD	500,000	$449,585	APPF COMMERCIAL FINAN	2031-11-11	3.6
TQLAU 3.25 08/05/31	TRANSURBAN QUEENSLAND FINANCE PTY LTD 3.25% AUG-31	0.1	Corporate - Non Financial	Australia	AUD	500,000	$445,595	TRANSURBAN QLD FINANCE	2031-08-05	3.25
WESAU 2.55 06/23/31	WESFARMERS LTD 2.55% JUN-31	0.1	Corporate - Non Financial	Australia	AUD	500,000	$437,225	WESFARMERS LTD	2031-06-23	2.55
BNG 1.6 11/27/30	BNG BANK NV 1.6% NOV-30	0.1	Government Special Purpose Bank	Netherlands	AUD	500,000	$436,500	BNG BANK NV	2030-11-27	1.6
AUSCAP 2.5 10/22/32	AUSTRALIAN CAPITAL TERRITORY 2.5% OCT-32	0.1	Local Authority	Australia	AUD	500,000	$434,865	AUST CAPITAL TERRITORY	2032-10-22	2.5
LLCAU 3.7 03/31/31	LENDLEASE FINANCE LTD 3.7% MAR-31	0.1	Corporate - Financial	Australia	AUD	500,000	$433,680	LENDLEASE FINANCE LTD	2031-03-31	3.7
CPIFFI 2.485 10/28/30	CPIF FINANCE PTY LTD 2.485% OCT-30	0.1	Corporate - Financial	Australia	AUD	500,000	$431,095	CPIF FINANCE PTY LTD	2030-10-28	2.485
GPTAU 2.849 02/20/32	TRUSTEE FOR GENERAL PROPERTY TRUST/THE 2.849% FEB-32	0.1	Corporate - Financial	Australia	AUD	500,000	$427,040	GENERAL PROPERTY TRUST	2032-02-20	2.849
AU3SG0002751	SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 4.75% MAY-38	0.0	Local Authority	Australia	AUD	400,000	$384,780	SOUTH AUST GOVT FIN AUTH	2038-05-24	4.75
NTTC 2.75 04/21/27	NORTHERN TERRITORY TREASURY CORP 2.75% APR-27	0.0	Local Authority	Australia	AUD	300,000	$295,608	NORTHERN TERRITORY TREAS	2027-04-21	2.75
NTTC 2 05/21/29	NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29	0.0	Local Authority	Australia	AUD	300,000	$280,692	NORTHERN TERRITORY TREAS	2029-05-21	2.0
SAFA 3 07/20/26	SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% JUL-26	0.0	Local Authority	Australia	AUD	200,000	$200,486	SOUTH AUST GOVT FIN AUTH	2026-07-20	3.0
TASCOR 3.25 01/24/28	TASMANIAN PUBLIC FINANCE CORP 3.25% JAN-28	0.0	Local Authority	Australia	AUD	200,000	$199,872	TASMANIAN PUBLIC FINANCE	2028-01-24	3.25
XMM5 Comdty	AUST 10Y BOND FUT 06/16/25				AUD	112			2025-06-16
YMM5 Comdty	AUST 3YR BOND FUT 06/16/25				AUD	119
	PANORAMA AUTO TRUST 2025-1 0.0% MAR-33				AUD	750,000		Panorama Auto Trust	2033-03-15
AUD	AUD - AUSTRALIA DOLLAR	1.3			AUD	10,580,774	$10,580,774

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* As at 17 April 2025. Excludes cash

Sector allocation

Australian State Government	26.6%
Corporate - Financial	24.0%
Corporate - Non Financial	19.5%
Australian Govt	18.1%
Government Special Purpose Bank	3.5%
Supranational	2.8%
Sovereign Agency	3.1%
Foreign Local Authority	2.4%
Foreign Sovereign	0.1%

* As of 31 March 2025

Distributions

Frequency and yield

Distribution frequency	Monthly
12 mth distribution yield*	3.9%

*As at 31 March 2025. 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 MUFG’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)
1-Apr-25	2-Apr-25	16-Apr-25	$0.080108	4.07%
3-Mar-25	4-Mar-25	18-Mar-25	$0.07242	4.06%
3-Feb-25	4-Feb-25	18-Feb-25	$0.080205	4.03%
2-Jan-25	3-Jan-25	17-Jan-25	$0.082464	4.04%
2-Dec-24	3-Dec-24	17-Dec-24	$0.074473	4.12%
1-Nov-24	4-Nov-24	18-Nov-24	$0.074444	4.20%
1-Oct-24	2-Oct-24	16-Oct-24	$0.076171	4.22%
2-Sep-24	3-Sep-24	17-Sep-24	$0.078566	4.11%
1-Aug-24	2-Aug-24	16-Aug-24	$0.08467	4.08%
1-Jul-24	2-Jul-24	16-Jul-24	$0.071994	3.94%
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	2.33%
2-Jan-20	3-Jan-20	17-Jan-20	$0.03047	2.32%
2-Dec-19	3-Dec-19	17-Dec-19	$0.040072	2.55%
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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Payment notice information

NRWT & fund payments

Document	Date
description NRWT and Fund Payment Notice information – November 2024 Distribution keyboard_arrow_down	2024-11
description FT NRWT and Fund Payment Notice Information – October 2024 Distribution keyboard_arrow_down	2024-10
description FT NRWT and Fund Payment Notice Information – September 2024 Distribution keyboard_arrow_down	2024-09
description FT NRWT and Fund Payment Notice Information – August 2024 Distribution keyboard_arrow_down	2024-08
description FT NRWT and Fund Payment Notice Information – July 2024 Distribution keyboard_arrow_down	2024-07
description FT NRWT and Fund Payment Notice Information – June 2024 Distribution keyboard_arrow_down	2024-06
description FT NRWT and Fund Payment Notice Information – May 2024 Distribution keyboard_arrow_down	2024-05
description FT NRWT and Fund Payment Notice Information – April 2024 Distribution keyboard_arrow_down	2024-04
description FT NRWT and Fund Payment Notice information – March 2024 Distributions keyboard_arrow_down	2024-03
description FT NRWT and Fund Payment Notice Information – December 2024 Distribution keyboard_arrow_down	2024-12
description FT NRWT and Fund Payment Notice Information – January 2025 Distribution keyboard_arrow_down	2025-01
description FT NRWT and Fund Payment Notice Information – February 2025 Distribution keyboard_arrow_down	2025-02
description FT NRWT and Fund Payment Notice Information – March 2025 Distribution keyboard_arrow_down	2025-03

Resources

description Factsheet \| ASX: BNDS \| Betashares Western Asset Australian Bond Active ETF keyboard_arrow_down
description Product Disclosure Statement \| ASX: BNDS \| Betashares Western Asset Australian Bond Active ETF keyboard_arrow_down
description PDS Update – 14 April 2025 keyboard_arrow_down
description Target Market Determination \| ASX: BNDS \| Betashares Western Asset Australian Bond Active ETF keyboard_arrow_down
description Portfolio Holdings \| ASX: BNDS \| Betashares Western Asset Australian Bond Active ETF keyboard_arrow_down
description Annual Report – June 2024 \| BNDS, EMMG, EINC, RINC keyboard_arrow_down
description Interim Financial Report – December 2024 \| EINC, EMMG, RINC, BNDS keyboard_arrow_down

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Betashares Western Asset Australian Bond Active ETF

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