OZBD ASX | Australian Composite Bond ETF | BetaShares
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OVERVIEW

Fund Objective

OZBD is designed to be a core portfolio allocation for fixed income. It aims to track the performance of an index (before fees and expenses) that provides exposure to a diversified portfolio of high-quality Australian corporate and government bonds selected on the basis of risk-adjusted income potential, while controlling for overall interest rate and credit risk.

Fund Strategy

OZBD aims to track the Bloomberg Australian Enhanced Yield Composite Bond Index, before fees and expenses. This index takes an intelligent investment approach by weighting bonds on the basis of their risk-adjusted income potential rather than debt-weighting, and aims to provide investors with higher returns than the most commonly used Australian fixed income benchmark, the AusBond Composite Index (AusBond). OZBD aims to maintain an overall duration and credit profile that is similar to that of the AusBond index.

Benefits of OZBD

Attractive return potential

Potential to deliver superior returns to both active and simple market cap-weighted passive approaches.

Intelligent approach to investing in bonds

Bonds are selected based on their risk-adjusted income potential rather than debt outstanding, seeking to avoid the shortcomings of traditional debt-weighted indices and aiming to provide higher returns.

Focus on income

OZBD focuses on bonds with high income potential – particularly pertinent in a rising yield environment.

How to Invest

  • You can buy or sell units just like any share on the ASX.
  • Fund requires no minimum investment.

KEY FACTS

Pricing Information 27 May 2022

Current Price
Last Trade* -
% Change (prev day) -
Bid (delayed) -
Offer (delayed) -
* Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit* $45.61
* As at 26 May 2022

Profile

Net Assets* ($A) $7,297,264
Units Outstanding* (#) 160,001
Mgmt Costs** (% p.a.) 0.19%
Issuer BetaShares Capital Ltd
Fund Administrator Citigroup Pty Limited
Custodian Citigroup Pty Limited
Registry Link Market Services
Auditor KPMG
* As at 26 May 2022
* As of close of previous day
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code OZBD
Bloomberg Code OZBD AU
IRESS Code OZBD.AXW
Trading Hours 10.00-16.00

Index Information

Index Bloomberg Australian Enhanced Yield Composite Bond Index
Index Provider Bloomberg
Index Ticker N/A
Bloomberg Index Ticker I36601AU Index
Index Methodology

Portfolio Characteristics

Running Yield (% p.a.)
Average coupon (weighted by market value) of the securities in the portfolio, divided by the current market price of the securities. Provides an indication of expected current income from making an investment at market price. This value will vary over time as interest rates change.
2.91
Yield to Maturity (% p.a.)
Total expected return from the bond portfolio, based on current bond prices and assuming no change in prevailing interest rates. This value will vary over time. Reflects annualised costs and benefits associated with FX-hedging, where relevant.
3.81
Yield to Worst (% p.a.)
The annualised total expected return of a bond if it is held to maturity or is called, the bond does not default, and the coupons are reinvested [at the Yield To Worst (YTW)]. The YTW is the lower of either YTM or Yield to Call (YTC), where YTC is calculated in the same way as YTM but replacing the maturity date with the call date. The fund's YTW is the weighted average of its underlying bonds' YTWs. The YTW for FX-hedged exposures reflects the annualised costs and benefits of FX hedging for relevant funds.
3.81
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
7.30
Modified Duration (yrs)
A measure of the sensitivity of the portfolio’s value to a change in interest rates. For example, a Modified Duration of 0.15 years implies that a 1% rise in the reference interest rate will reduce the value of the portfolio by 0.15%.
6.37
Average Credit Rating
Average credit rating for the securities in the portfolio. Source: Bloomberg
AA
As at 27 May 2022

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 3.5
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 3.3
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 2.9
BNG BANK NV 3.3% APR-29 2.7
AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 2.5
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 2.5
AUSNET SERVICES HOLDINGS PTY LTD 4.2% AUG-28 2.4
AUSTRALIA GOVERNMENT BOND 4.5% APR-33 2.3
ASIAN DEVELOPMENT BANK 3.3% AUG-28 2.2
INTER-AMERICAN DEVELOPMENT BANK 3.1% FEB-28 2.2
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 3.5 Government Bond Australia AUD 300,000 $252,056 $252,056 2030-12-21 1.0 3.2101 8.0108
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 3.3 Government Bond AUD 240,000 $242,806 $242,806 2029-04-21 3.25 3.1175 6.1158
ACGB 2.5 05/21/30 Govt AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 2.9 Government Bond AUD 225,000 $214,490 $214,490 2030-05-21 2.5 3.1775 7.1381
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 2.7 Bonds Netherlands AUD 200,000 $193,706 $193,706 2029-04-26 3.3 3.8760 6.0785
ACGB 1 11/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 2.5 Government Bond Australia AUD 225,000 $184,353 $184,353 2031-11-21 1.0 3.2325 8.8592
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 2.5 Government Bond AUD 210,000 $183,191 $183,191 2031-06-21 1.5 3.2212 8.2530
ANVAU 4.2 08/21/28 Corp AUSNET SERVICES HOLDINGS PTY LTD 4.2% AUG-28 2.4 Bonds Australia AUD 180,000 $174,333 $174,333 2028-08-21 4.2 5.0107 5.3274
ACGB 4.5 04/21/33 Govt AUSTRALIA GOVERNMENT BOND 4.5% APR-33 2.3 Government Bond Australia AUD 150,000 $167,651 $167,651 2033-04-21 4.5 3.2613 8.6811
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 2.2 Bonds AUD 165,000 $162,883 $162,883 2028-08-08 3.3 3.7194 5.4828
IADB 3.1 02/22/28 Corp INTER-AMERICAN DEVELOPMENT BANK 3.1% FEB-28 2.2 Bonds AUD 165,000 $161,462 $161,462 2028-02-22 3.1 3.6816 5.1462
LLOYDS 4.25 11/22/27 Corp LLOYDS BANKING GROUP PLC 4.25% NOV-27 2.1 Bonds AUD 160,000 $155,010 $155,010 2027-11-22 4.25 4.9285 4.8082
VZ 4.5 08/17/27 Corp VERIZON COMMUNICATIONS INC 4.5% AUG-27 2.1 Bonds United States AUD 150,000 $150,509 $150,509 2027-08-17 4.5 4.7042 4.5384
VOD 4.2 12/13/27 Corp VODAFONE GROUP PLC 4.2% DEC-27 2.0 Bonds AUD 150,000 $149,142 $149,142 2027-12-13 4.2 4.7227 4.7779
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 2.0 Government Bond AUD 150,000 $146,144 $146,144 2029-11-21 2.75 3.1500 6.6843
EBIUH 3.05 02/26/30 Corp EMIRATES NBD BANK PJSC 3.05% FEB-30 2.0 Euro Bond AUD 160,000 $144,371 $144,371 2030-02-26 3.05 4.6921 6.6805
ACGB 2.25 05/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 2.0 Government Bond Australia AUD 150,000 $143,426 $143,426 2028-05-21 2.25 3.0700 5.5240
BNG 2.45 07/21/32 Govt BNG BANK NV 2.45% JUL-32 1.9 Government Bond Netherlands AUD 160,000 $140,468 $140,468 2032-07-21 2.45 4.0350 8.6762
NEDWBK 3.45 07/17/28 Govt NEDERLANDSE WATERSCHAPSBANK NV 3.45% JUL-28 1.9 Bonds AUD 140,000 $138,545 $138,545 2028-07-17 3.45 3.8777 5.3938
IFC 0.75 05/24/28 Corp INTERNATIONAL FINANCE CORP 0.75% MAY-28 1.8 Euro Bond AUD 160,000 $134,416 $134,416 2028-05-24 0.75 3.7633 5.7369
NBNAUS 1 12/03/25 Corp NBN CO LTD 1.0% DEC-25 1.8 Bonds Australia AUD 150,000 $133,855 $133,855 2025-12-03 1.0 4.3380 3.3794
AZOAU 3 03/09/28 Corp AURIZON FINANCE PTY LTD 3.0% MAR-28 1.8 Bonds AUD 150,000 $131,172 $131,172 2028-03-09 3.0 5.7214 5.1192
EIB 1.3 01/27/31 Corp EUROPEAN INVESTMENT BANK 1.3% JAN-31 1.8 Bonds AUD 160,000 $129,637 $129,637 2031-01-27 1.3 3.9731 7.9486
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 1.6 Government Bond Australia AUD 135,000 $119,437 $119,437 2031-03-20 2.0 3.5909 7.8828
RENTEN 3.25 04/12/28 Corp LANDWIRTSCHAFTLICHE RENTENBANK 3.25% APR-28 1.6 Bonds AUD 120,000 $117,704 $117,704 2028-04-12 3.25 3.6984 5.2608
AGIF 2.119 06/24/27 Corp AGI FINANCE PTY LTD 2.119% JUN-27 1.6 Bonds Australia AUD 130,000 $115,742 $115,742 2027-06-24 2.119 4.7892 4.6502
Q 3.25 10/18/28 Govt PROVINCE OF QUEBEC CANADA 3.25% OCT-28 1.6 Bonds Canada AUD 120,000 $115,423 $115,423 2028-10-18 3.25 4.0009 5.6647
AFDB 4 01/10/25 Corp AFRICAN DEVELOPMENT BANK 4.0% JAN-25 1.6 Bonds Supranational AUD 110,000 $113,844 $113,844 2025-01-10 4.0 3.2195 2.4300
EIBKOR 4 06/07/27 Govt EXPORT-IMPORT BANK OF KOREA 4.0% JUN-27 1.5 Bonds South Korea AUD 110,000 $108,375 $108,375 2027-06-07 4.0 4.3134 4.4997
MELAIR 3.763 11/25/31 Corp AUSTRALIA PACIFIC AIRPORTS MELBOURNE PTY LTD 3.763% NOV-31 1.4 Bonds Australia AUD 120,000 $103,255 $103,255 2031-11-25 3.763 5.6961 7.7013
ELECTR 2.4737 12/15/28 Corp ELECTRANET PTY LTD 2.4737% DEC-28 1.4 Bonds Australia AUD 120,000 $102,888 $102,888 2028-12-15 2.4737 5.2882 5.7959
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.4 Government Bond Australia AUD 105,000 $102,570 $102,570 2029-04-20 3.0 3.4350 6.1375
WOWAU 2.8 05/20/30 Corp WOOLWORTHS GROUP LTD 2.8% MAY-30 1.4 Bonds AUD 120,000 $102,484 $102,484 2030-05-20 2.8 5.0611 6.9361
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 1.4 Government Bond AUD 100,000 $100,763 $100,763 2030-08-21 3.5 3.5269 7.0266
EIB 3.3 02/03/28 Corp EUROPEAN INVESTMENT BANK 3.3% FEB-28 1.4 Bonds AUD 100,000 $99,247 $99,247 2028-02-03 3.3 3.6573 5.0703
IFC 3.2 10/18/27 Corp INTERNATIONAL FINANCE CORP 3.2% OCT-27 1.4 Bonds AUD 100,000 $98,385 $98,385 2027-10-18 3.2 3.6099 4.8760
ASIA 3.1 06/15/29 Corp ASIAN DEVELOPMENT BANK 3.1% JUN-29 1.3 Bonds Supranational AUD 100,000 $97,108 $97,108 2029-06-15 3.1 3.8041 6.1516
IBRD 1.35 04/22/27 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.35% APR-27 1.3 Bonds Supranational AUD 105,000 $94,707 $94,707 2027-04-22 1.35 3.5840 4.6516
ACGB 0.25 11/21/24 Govt AUSTRALIA GOVERNMENT BOND 0.25% NOV-24 1.3 Government Bond Australia AUD 100,000 $94,345 $94,345 2024-11-21 0.25 2.6301 2.4344
NHFIC 2.335 06/30/36 Govt NATIONAL HOUSING FINANCE AND INVESTMENT CORP 2.335% JUN-36 1.3 Government Bond Australia AUD 110,000 $92,386 $92,386 2036-06-30 2.335 3.9156 11.4757
EDICOW 2.741 07/15/33 Corp EDITH COWAN UNIVERSITY 2.741% JUL-33 1.3 Bonds Australia AUD 110,000 $91,203 $91,203 2033-07-15 2.741 4.8693 9.1316
QTC 2.75 08/20/27 Govt QUEENSLAND TREASURY CORP 2.75% AUG-27 1.2 Government Bond AUD 90,000 $88,408 $88,408 2027-08-20 2.75 3.2800 4.7811
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.2 Government Bond AUD 90,000 $88,224 $88,224 2028-10-20 3.0 3.4050 5.7360
ACGB 4.75 04/21/27 Govt AUSTRALIA GOVERNMENT BOND 4.75% APR-27 1.2 Government Bond Australia AUD 80,000 $86,851 $86,851 2027-04-21 4.75 2.9700 4.3579
QANAU 3.15 09/27/28 Corp QANTAS AIRWAYS LTD 3.15% SEP-28 1.2 Bonds Industrials Australia AUD 100,000 $86,472 $86,472 2028-09-27 3.15 5.8454 5.5321
PNHAU 3.8 09/08/31 Corp PACIFIC NATIONAL FINANCE PTY LTD 3.8% SEP-31 1.2 Bonds Australia AUD 100,000 $85,656 $85,656 2031-09-08 3.8 5.9581 7.4565
CPIFFI 2.485 10/28/30 Corp CPIF FINANCE PTY LTD 2.485% OCT-30 1.1 Bonds Australia AUD 100,000 $81,124 $81,124 2030-10-28 2.485 5.3327 7.3166
ACGB 2.75 04/21/24 Govt AUSTRALIA GOVERNMENT BOND 2.75% APR-24 1.1 Government Bond Australia AUD 80,000 $80,728 $80,728 2024-04-21 2.75 2.4175 1.8284
AUSGF 3.75 10/30/24 Corp AUSGRID FINANCE PTY LTD 3.75% OCT-24 1.1 Bonds Australia AUD 80,000 $79,889 $79,889 2024-10-30 3.75 3.9489 2.2797
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.1 Government Bond AUD 90,000 $77,394 $77,394 2031-08-21 1.75 3.6097 8.2947
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 1.0 Government Bond Australia AUD 75,000 $72,394 $72,394 2029-07-24 2.75 3.4558 6.3475
ACGB 1.75 11/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.75% NOV-32 1.0 Government Bond AUD 82,000 $71,103 $71,103 2032-11-21 1.75 3.2637 9.3752
ONT 3.5 01/27/27 Govt PROVINCE OF ONTARIO CANADA 3.5% JAN-27 1.0 Bonds Canada AUD 70,000 $69,773 $69,773 2027-01-27 3.5 3.8598 4.2029
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 0.9 Government Bond AUD 80,000 $67,920 $67,920 2030-11-20 1.5 3.5894 7.7886
NSWTC 1.25 11/20/30 Govt NEW SOUTH WALES TREASURY CORP 1.25% NOV-30 0.9 Government Bond Australia AUD 80,000 $66,632 $66,632 2030-11-20 1.25 3.5575 7.8695
TCV 1.5 09/10/31 Govt TREASURY CORP OF VICTORIA 1.5% SEP-31 0.9 Bonds AUD 75,000 $62,584 $62,584 2031-09-10 1.5 3.6636 8.4342
TCV 2 09/17/35 Govt TREASURY CORP OF VICTORIA 2.0% SEP-35 0.6 Government Bond Australia AUD 58,000 $46,779 $46,779 2035-09-17 2.0 3.9204 11.2330
ANZ 4.1 09/28/27 Corp AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 4.1% SEP-27 0.6 Bonds Financials Australia AUD 45,000 $45,025 $45,025 2027-09-28 4.1 4.2381 4.7038
ACGB 3.75 04/21/37 Govt AUSTRALIA GOVERNMENT BOND 3.75% APR-37 0.6 Government Bond Australia AUD 43,000 $44,706 $44,706 2037-04-21 3.75 3.4425 11.3716
ACGB 2.75 05/21/41 Govt AUSTRALIA GOVERNMENT BOND 2.75% MAY-41 0.6 Government Bond Australia AUD 50,000 $44,422 $44,422 2041-05-21 2.75 3.5699 14.3389
SAFA 3 05/24/28 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% MAY-28 0.6 Government Bond Australia AUD 45,000 $44,125 $44,125 2028-05-24 3.0 3.3724 5.4193
QTC 5.75 07/22/24 Govt QUEENSLAND TREASURY CORP 5.75% JUL-24 0.6 Government Bond AUD 40,000 $43,304 $43,304 2024-07-22 5.75 2.7448 1.9859
ACGB 1.75 06/21/51 Govt AUSTRALIA GOVERNMENT BOND 1.75% JUN-51 0.6 Government Bond Australia AUD 60,000 $40,858 $40,858 2051-06-21 1.75 3.5649 20.6236
EIB 0.75 07/15/27 Corp EUROPEAN INVESTMENT BANK 0.75% JUL-27 0.5 Bonds AUD 45,000 $39,203 $39,203 2027-07-15 0.75 3.5849 4.9242
ACGB 3.25 06/21/39 Govt AUSTRALIA GOVERNMENT BOND 3.25% JUN-39 0.5 Government Bond Australia AUD 38,000 $37,250 $37,250 2039-06-21 3.25 3.5175 12.7311
ACGB 4.25 04/21/26 Govt AUSTRALIA GOVERNMENT BOND 4.25% APR-26 0.5 Government Bond Australia AUD 34,000 $35,842 $35,842 2026-04-21 4.25 2.8937 3.5679
ACGB 3 03/21/47 Govt AUSTRALIA GOVERNMENT BOND 3.0% MAR-47 0.4 Government Bond Australia AUD 30,000 $27,259 $27,259 2047-03-21 3.0 3.5949 16.8266
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.3 Government Bond AUD 30,000 $25,440 $25,440 2031-10-23 1.75 3.7033 8.4535
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.2 Government Bond Australia AUD 20,000 $17,927 $17,927 2030-01-24 2.0 3.6720 6.9094
WATC 1.5 10/22/30 Govt WESTERN AUSTRALIAN TREASURY CORP 1.5% OCT-30 0.2 Government Bond Australia AUD 20,000 $17,082 $17,082 2030-10-22 1.5 3.5471 7.7160
NSWTC 2.25 05/07/41 Govt NEW SOUTH WALES TREASURY CORP 2.25% MAY-41 0.2 Government Bond Australia AUD 20,000 $15,303 $15,303 2041-05-07 2.25 4.0490 14.5855
Download CSV
* As at 26 May 2022. Excludes cash

Sector Allocation

Australian Govt
30.3%
Australian State Govts
14.0%
Supra and Govt Dev Banks/Agencies
27.4%
Corporates
28.4%
* As of 29 April 2022

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -1.95% -1.87%
3 months - -8.15%
6 months - -6.99%
1 year - -9.90%
3 year p.a - -1.16%
5 year p.a - 1.60%
Since inception -8.10% -8.07%
Inception date 2-Feb-22 -
* As at 29 April 2022

Chart

Chart Type
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.

DISTRIBUTIONS

Yield Information

12 Mth Distribution Yield* (%) -
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
02-May-22 03-May-22 17-May-22 $0.10042 0.42%
01-Apr-22 04-Apr-22 20-Apr-22 $0.19417 -
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ANNOUNCEMENTS

ASX Announcements: OZBD

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RESOURCES

Factsheet - OZBD
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Fund Flyer - OZBD
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Product Brochure - OZBD
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Product Disclosure Statement - OZBD
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Investor Guide to BetaShares Fixed Income Solutions
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NRWT and Fund Payment Notice information - March 2022 distributions
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NRWT and Fund Payment Notice information - April 2022 distributions
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LEARN MORE ABOUT OZBD

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