Betashares Western Asset Australian Bond Fund (managed fund)

BNDS

Attractive income from an actively managed portfolio of Australian bonds

Invest

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* $23.58

* As at 29 February 2024

Profile

Net assets* ($A) $633,399,091
Units outstanding* (#) 26,864,198
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 29 February 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.) 3.51
Yield to maturity (% p.a.) 4.68
Yield to worst (% p.a.) 4.67
Average maturity (yrs) 6.13
Modified duration (yrs) 5.30
Average credit rating AA
As at 01 March 2024

Holdings & allocation

Portfolio holdings

Name Weight (%)
AUSTRALIAN GOVERNMENT 2.75% MAY-41 2.8%
AUSTRALIAN GOVERNMENT 1.75% NOV-32 1.6%
TREASURY CORP VICTORIA 1.5% SEP-31 1.5%
AUSTRALIAN GOVERNMENT 3.0% MAR-47 1.4%
NEW S WALES TREASURY CRP 1.5% FEB-32 1.3%
AUSTRALIAN GOVERNMENT 3.75% MAY-34 1.3%
TREASURY CORP VICTORIA 1.5% NOV-30 1.2%
AUSTRALIAN GOVERNMENT 2.75% JUN-35 1.1%
NEW S WALES TREASURY CRP 2.0% MAR-31 1.1%
AUSTRALIAN GOVERNMENT 4.5% APR-33 1.1%

* As at 1 March 2024. Excludes cash

Sector allocation

Corporate Investment Grade
41.4%
Semi Government
24.1%
Commonwealth Government
18.2%
Supranational
13.4%
Covered Bonds
2.3%
Cash
0.6%

* As of 31 January 2024

Performance

Fund returns after fees (%)

  Fund Index
1 month 0.21% 0.21%
3 months 6.65% 5.96%
6 months 3.56% 3.17%
1 year 3.08% 2.45%
3 year p.a. -2.52% -2.49%
5 year p.a. 0.64% 0.56%
10 year p.a. - -
Since inception 1.12% 1.08%
Inception date 7-Nov-18 -

* As at 31 January 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* 2.9%

*As at 31 January 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.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Mar-24 4-Mar-24 18-Mar-24 $0.074894 -
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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