Australian Cash Plus Active ETF

Overview

Fund objective

MMKT aims to generate a yield (before fees and expenses) that exceeds the Bloomberg AusBond Bank Bill Index, paid monthly, from a portfolio of Australian dollar cash and short-term money market securities issued by investment grade entities.

Benefits

A compelling solution for your cash allocation

MMKT has been designed to be a core cash allocation in investment portfolios, providing enhanced yield from cash and money market securities, paid monthly, together with a high degree of capital stability.

Ready liquidity

MMKT offers daily access, and is traded on the ASX with T+2 settlement, meaning investors can obtain attractive income without needing to lock up their money for extended periods.

Exposure to high-quality, short-term securities

MMKT holds cash and Australian dollar denominated money market securities, most of which have three months or less to maturity, issued by investment grade entities.

There are risks associated with an investment in the Fund, including interest rate risk, credit risk, and market risk. Investment in the Fund does not receive the benefit of any government guarantee. Investment value can go up and down. An investment in the Fund should only be made after considering 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 MMKT with Betashares Direct

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

Invest with us

Key facts

Profile

Units outstanding* (#)	9,703,752
Management fee and cost** (p.a.)	0.18%
Investment manager	Betashares Capital Ltd
Distribution frequency	Monthly
Distribution reinvestment plan (DRP)	Full or partial participation available
Registry	MUFG Corporate Markets
Domicile	Australia

* As at 13 November 2025
**Certain additional costs apply. Please refer to PDS.

Net assets*

$485,822,575

Pricing information

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

* As at 13 November 2025
NAV
NAV/Unit*	$50.07

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	MMKT
Bloomberg code	MMKT AU
IRESS code	MMKT. AXW
Market makers	BNP Paribas Financial Markets SNC

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 Bank Bill
1 month	0.32%	0.30%
3 months	0.99%	0.90%
6 months	2.06%	1.87%
1 year	4.43%	4.03%
3 year p.a.	-	-
5 year p.a.	-	-
10 year p.a.	-	-
Since inception p.a.	4.63%	4.23%
Inception date	22-Nov-23	-

* As at 31 October 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

Yield to maturity (% p.a.)info	4.11
Yield to maturity net of fees (% p.a.)info	3.93
Weighted average maturity (WAM) (days)info	64.8
Weighted average life (WAL) (days)info	96.2
Modified duration (yrs)info	0.13
Spread duration (yrs)info	0.19
Number of issuersinfo	59
Number of holdingsinfo	147
Average credit ratinginfo	A-1

* As at 14 November 2025

Holdings and allocation

Portfolio holdings

Top 10

All

Name	Weight (%)
AUD - AUSTRALIA DOLLAR	6.0
NBN CO LTD CP 5/01/2026	2.5
MEGA INTERNATIONAL COMMERCIAL BANK CO. L	1.6
METROPOLITAN LIFE GLOBAL FUNDING I 0.0% DEC-25	1.6
AGI FINANCE PTY LTD 0.0% JAN-26	1.5
NORFINA LTD 0.0% JUL-26	1.4
WSO FINANCE PTY LTD 0.0% JUL-26	1.2
COMMUNITY FIRST CREDIT UNION LIMITED NCD	1.2
NBN CO LTD CP 24/11/2025	1.2
AUSTRALIAN GAS NETWORKS LTD 0.0% JUL-26	1.1

Ticker	Asset Class	Currency	Weight (%)
NBN CO LTD CP 5/01/2026	Commercial Paper	AUD	2.5
MEGA INTERNATIONAL COMMERCIAL BANK CO. L	Certificate of Deposit	AUD	1.6
METROPOLITAN LIFE GLOBAL FUNDING I 0.0% DEC-25	FRN	AUD	1.6
AGI FINANCE PTY LTD 0.0% JAN-26	FRN	AUD	1.5
NORFINA LTD 0.0% JUL-26	FRN	AUD	1.4
WSO FINANCE PTY LTD 0.0% JUL-26	FRN	AUD	1.2
COMMUNITY FIRST CREDIT UNION LIMITED NCD	Certificate of Deposit	AUD	1.2
NBN CO LTD CP 24/11/2025	Commercial Paper	AUD	1.2
AUSTRALIAN GAS NETWORKS LTD 0.0% JUL-26	FRN	AUD	1.1
NEW YORK LIFE GLOBAL FUNDING 0.0% SEP-26	FRN	AUD	1.0
ROYAL BANK OF CANADA/SYDNEY 0.0% MAY-26	FRN	AUD	1.0
GPT WHOLESALE OFFICE FUND NO CP 16/12/25	Commercial Paper	AUD	1.0
GPT WHOLESALE OFFICE FUND NO CP 25/11/25	Commercial Paper	AUD	1.0
DEXUS WHOLESALE PROPERTY FUN CP 28/11/20	Commercial Paper	AUD	1.0
DEXUS WHOLESALE PROPERTY FUN CP 27/11/25	Commercial Paper	AUD	1.0
DAIMLER TRUCK FINANCIAL SERVICES CP 6/2/	Commercial Paper	AUD	1.0
SCENTRE GROUP TRUST 1/2 CP 3/02/2026	Commercial Paper	AUD	1.0
SCENTRE GROUP TRUST 1/2 CP 12/01/2026	Commercial Paper	AUD	1.0
KEB HANA BANK NCD 23/12/2025	NCD	AUD	1.0
ROYAL BANK OF CANADA/SYDNEY NCD 20/2/	NCD	AUD	1.0
FIRST COMMERCIAL BANK NCD 19/01/2026	NCD	AUD	1.0
VICTORIA TEACHERS LIMITED NCD 12/05/2026	NCD	AUD	1.0
TD LIMITED 4.2%16/10/2026	TD	AUD	1.0
TD SYD 4.1404%20/01/202	TD	AUD	1.0
TD SYD 4.235%02/01/2026	TD	AUD	1.0
TD SYD 4.2575%05/01/202	TD	AUD	1.0
TD SYD 4.2665%17/11/202	TD	AUD	1.0
UBS AG/AUSTRALIA 0.0% MAY-26	FRN	AUD	0.8
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 0.0% MAY-26	FRN	AUD	0.8
SVENSKA HANDELSBANKEN AB 0.0% MAR-26	FRN	AUD	0.8
BANK OF QUEENSLAND LTD 0.0% DEC-25	FRN	AUD	0.8
MACQUARIE BANK LTD 0.0% JUN-26	FRN	AUD	0.8
	FRN	AUD	0.8
BENDIGO & ADELAIDE BANK LTD 0.0% MAY-26	FRN	AUD	0.8
CNH INDUSTRIAL AUSTRALIA CP 21/11/2025	Commercial Paper	AUD	0.8
GPT GROUP CP 21/11/2025	Commercial Paper	AUD	0.8
AURIZON NETWORK PTY LTD CP 11/12/2025	Commercial Paper	AUD	0.8
SCENTRE GROUP TRUST 1/2 CP 2/12/2025	Commercial Paper	AUD	0.8
NBN CO LTD CP 17/02/2026	Commercial Paper	AUD	0.8
QUEENSLAND COUNTRY BANK LIMITED NCD 28/1	NCD	AUD	0.8
AUSWIDE BANK LTD NCD 5/12/2025	NCD	AUD	0.8
POLICE & NURSES LIMITED NCD 12/12/2025	NCD	AUD	0.8
TAIWAN COOPERATIVE BANK LTD NCD 5/01/202	NCD	AUD	0.8
B & E LTD NCD 2/04/2026	NCD	AUD	0.8
HUA NAN COMMERCIAL BANK LTD. NCD 6/01/26	NCD	AUD	0.8
AUSWIDE BANK LTD NCD 28/04/2026	NCD	AUD	0.8
TD BANK 4.15%27/02/2026	TD	AUD	0.8
TD BANK 4.35%18/03/2026	TD	AUD	0.8
TD LIMITED 4.3%16/06/2026	TD	AUD	0.8
TD LIMITED 4.3%26/02/2026	TD	AUD	0.8
TD LTD 4.3%30/03/2026	TD	AUD	0.8
VICTORIA POWER NETWORKS FINANCE PTY LTD 0.0% APR-26	FRN	AUD	0.7
TORONTO-DOMINION BANK/THE 0.0% MAR-26	FRN	AUD	0.6
BANK OF QUEENSLAND LTD 0.0% OCT-26	FRN	AUD	0.6
COOPERATIEVE RABOBANK UA/AUSTRALIA 0.0% MAY-26	FRN	AUD	0.6
DEXUS WHOLESALE PROPERTY FUN CP 26/11/20	Certificate of Deposit	AUD	0.6
CNH INDUSTRIAL AUSTRALIA CP 1/12/2025	Commercial Paper	AUD	0.6
GPT GROUP CP 5/02/2026	Commercial Paper	AUD	0.6
GPT GROUP CP 6/02/2026	Commercial Paper	AUD	0.6
CNH INDUSTRIAL AUSTRALIA CP 9/01/2026	Commercial Paper	AUD	0.6
GPT GROUP CP 13/02/2026	Commercial Paper	AUD	0.6
SCENTRE GROUP TRUST 1/2 CP 24/03/2026	Commercial Paper	AUD	0.6
AUSTRALIAN MUTUAL BANK LTD NCD 27/11/25	NCD	AUD	0.6
FIRST COMMERCIAL BANK NCD 4/12/2025	NCD	AUD	0.6
CREDIT UNION SA LTD NCD 17/12/2025	NCD	AUD	0.6
QUEENSLAND COUNTRY BANK LIMITIED NCD 18	NCD	AUD	0.6
TAIWAN COOPERATIVE BANK LTD NCD 16/01/20	NCD	AUD	0.6
TAIWAN COOPERATIVE BANK LTD NCD 17/11/25	NCD	AUD	0.6
REGIONAL AUSTRALIA BANK LTD NCD 28/01/26	NCD	AUD	0.6
CREDIT UNION SA LTD NCD 27/02/2026	NCD	AUD	0.6
UNITY BANK LIMITED NCD 26/02/2026	NCD	AUD	0.6
MAITLAND MUTUAL LIMITED NCD 3/03/2026	NCD	AUD	0.6
POLICE & NURSES LIMITED NCD 26/03/2026	NCD	AUD	0.6
BEYOND BANK AUSTRALIA LIMITED NCD 25/3/2	NCD	AUD	0.6
VICTORIA TEACHERS LIMITED NCD 1/04/2026	NCD	AUD	0.6
FIRST COMMERCIAL BANK NCD 13/02/2026	NCD	AUD	0.6
INTESA SANPAOLO SPA NCD 15/04/2026	NCD	AUD	0.6
MAITLAND MUTUAL LIMITED NCD 4/02/2026	NCD	AUD	0.6
CREDIT UNION SA LTD NCD 11/05/2026	NCD	AUD	0.6
TD AUSTRALIA 3.9%19/03/2026	TD	AUD	0.6
TD AUSTRALIA 4.1%14/01/2026	TD	AUD	0.6
TD BANK 4.1%17/12/2025	TD	AUD	0.6
TD LIMITED 4.65%17/12/2025	TD	AUD	0.6
TD LTD 3.89%19/12/2025	TD	AUD	0.6
TD LTD 4.35%02/04/2026	TD	AUD	0.6
MACQUARIE BANK LTD 0.0% DEC-25	FRN	AUD	0.4
BPCE SA 0.0% APR-26	FRN	AUD	0.4
NORFINA LTD 0.0% MAY-26	FRN	AUD	0.4
BANK OF QUEENSLAND LTD 0.0% MAY-26	FRN	AUD	0.4
CNH INDUSTRIAL AUSTRALIA CP 20/04/2026	Certificate of Deposit	AUD	0.4
MEGA INTERNATIONAL COMMERCIAL BANK CO LT	Certificate of Deposit	AUD	0.4
VOLKSWAGEN FINANCIAL SERVICE CP 15/12/20	Commercial Paper	AUD	0.4
VOLKSWAGEN FINANCIAL SERVICE CP 22/12/20	Commercial Paper	AUD	0.4
VOLKSWAGEN FINANCIAL SERVICE CP 22/01/26	Commercial Paper	AUD	0.4
CNH INDUSTRIAL AUSTRALIA CP 17/11/2025	Commercial Paper	AUD	0.4
VOLKSWAGEN FINANCIAL SERVICE CP 19/03/26	Commercial Paper	AUD	0.4
VOLKSWAGEN FINANCIAL SERVICE CP 07/04/26	Commercial Paper	AUD	0.4
VOLKSWAGEN FINANCIAL SERVICE CP 14/04/20	Commercial Paper	AUD	0.4
VOLKSWAGEN FINANCIAL SERVICE CP 21/04/26	Commercial Paper	AUD	0.4
GPT WHOLESALE OFFICE FUND NO CP 27/11/25	Commercial Paper	AUD	0.4
DEXUS WHOLESALE PROPERTY FUN CP 6/2/26	Commercial Paper	AUD	0.4
SCENTRE GROUP TRUST 1/2 CP 27/11/2025	Commercial Paper	AUD	0.4
TAIWAN BUSINESS BANK LTD NCD 08/12/2025	NCD	AUD	0.4
COASTLINE CREDIT UNION LIMITED NCD 14/01	NCD	AUD	0.4
AUSTRALIAN MILITARY BANK LTD NCD 15/01/2	NCD	AUD	0.4
AUSTRALIAN MUTUAL BANK LTD NCD 15/01/202	NCD	AUD	0.4
QUEENSLAND COUNTRY BANK LIMITED NCD 3/2/	NCD	AUD	0.4
E.SUN COMMERCIAL BANK LTD. NCD 28/11/25	NCD	AUD	0.4
CREDIT UNION SA LTD NCD 3/03/2026	NCD	AUD	0.4
B & E LTD NCD 4/03/2026	NCD	AUD	0.4
GATEWAY BANK LTD NCD 5/03/2026	NCD	AUD	0.4
CREDIT UNION SA LTD NCD 10/03/2026	NCD	AUD	0.4
TAIWAN COOPERATIVE BANK LTD NCD 9/03/202	NCD	AUD	0.4
POLICE & NURSES LIMITED NCD 12/03/2026	NCD	AUD	0.4
MYSTATE BANK LIMITED NCD 31/03/2026	NCD	AUD	0.4
UNITY BANK LIMITED NCD 7/04/2026	NCD	AUD	0.4
FIRST COMMERCIAL BANK NCD 9/02/2026	NCD	AUD	0.4
HUA NAN COMMERCIAL BANK LTD. NCD 19/1/26	NCD	AUD	0.4
POLICE & NURSES LIMITED NCD 29/04/2026	NCD	AUD	0.4
AUSTRALIAN MUTUAL BANK LTD NCD 6/02/2026	NCD	AUD	0.4
TD AUSTRALIA 4.09%30/04/2026	TD	AUD	0.4
TD AUSTRALIA 4.11%12/12/2025	TD	AUD	0.4
TD BANK 4.1%15/01/2026	TD	AUD	0.4
TD LIMITED 4.1%02/12/202	TD	AUD	0.4
TD LIMITED 4.22%17/03/2026	TD	AUD	0.4
TD LIMITED 4.33%08/04/2026	TD	AUD	0.4
TD LIMITED 4.37%05/05/2026	TD	AUD	0.4
TD LIMITED 4.42%15/12/2025	TD	AUD	0.4
TD LTD 4.3%14/04/2026	TD	AUD	0.4
TD LTD 4.3%22/01/2026	TD	AUD	0.4
TD LTD 4.33%08/04/2026	TD	AUD	0.4
TD LTD 4.4%11/12/2025	TD	AUD	0.4
UBS AG/AUSTRALIA 0.0% FEB-26	FRN	AUD	0.4
BANK AUSTRALIA LIMITED NCD 28/11/2025	NCD	AUD	0.2
MYSTATE BANK LTD NCD 3/12/2025	NCD	AUD	0.2
INTESA SANPAOLO SPA NCD 12/12/2025	NCD	AUD	0.2
INTESA SANPAOLO SPA NCD 17/02/2026	NCD	AUD	0.2
INTESA SANPAOLO SPA NCD 11/03/2026	NCD	AUD	0.2
CREDIT UNION SA LTD NCD 19/02/2026	NCD	AUD	0.2
TD LIMITED 4.41%16/12/2025	TD	AUD	0.2
TD LTD 4.43%11/12/2025	TD	AUD	0.2
COMMONWEALTH BANK OF AUSTRALIA 0.0% JAN-26	FRN	AUD	0.2

* As at 14 November 2025

Sector allocation

Negotiable certificates of deposit (NCDs)	33.3%
Term deposits (TDs)	18.9%
Floating rate notes (FRNs)	19.6%
Commercial paper (CPs)	22.0%
Overnight cash*	6.2%

* As of 31 October 2025

Maturity breakdown

Under 1 month	31.7%
1 to 3 months	23.6%
3 to 6 months	26.9%
6 to 12 months	17.9%