Betashares Aus Major Bank Subordinated Debt ETF Guide (BSUB) and Details

Overview

Betashares Aus Major Bank Subordinated Debt ETF (ASX: BSUB) offers Australian investors exposure to a specialised part of the bank-credit market. Its reported one-year return is 4.791%, with a year-to-date return of 3.771%; these historical figures describe past performance, not what the fund will return in future. The supplied dividend-yield figure is 4.802%.

Category

BSUB is centred on Australian major-bank subordinated debt, a segment of fixed income that differs from both senior bank bonds and bank shares. The theme may appeal to investors examining income-producing credit, but subordination means the risk profile is not equivalent to a deposit or senior debt.

Subordinated bank debt sits between senior debt and equity in a bank’s capital structure. Floating-rate bond income can respond to changes in benchmark rates, while credit conditions and the issuer’s financial position remain important to the risk profile.

Key facts

Ticker

BSUB

Exchange

AU

ISIN

AU0000330482

Provider

BetaShares Capital Ltd

Domicile

Australia

Currency

AUD

Inception date

2024-05-06

UCITS

No

Holdings count

1

Costs

AUM

860.5M

Performance

YTD

3.8%

1 year

4.8%

Dividend yield

4.61%

Top 10 concentration

6.9%

Holdings

1. Texas Capital Government Money Market ETF6.92%

   Ticker

   MMKT

   Sector

   Country

   United States

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

The supplied data reports Texas Capital Government Money Market ETF (MMKT) as the top holding at 6.92%. The payload also lists one holding, so the displayed holding data should be read as a reported snapshot rather than a complete description of the fund’s intended bank-debt exposure.

Regions

• Japan0.0%

• Australasia0.0%

• Asia Emerging0.0%

• Latin America0.0%

• North America0.0%

• Asia Developed0.0%

• United Kingdom0.0%

• Europe Emerging0.0%

• Europe Developed0.0%

• Africa/Middle East0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Sectors

• Energy0.0%

• Utilities0.0%

• Healthcare0.0%

• Technology0.0%

• Industrials0.0%

• Real Estate0.0%

• Basic Materials0.0%

• Consumer Cyclicals0.0%

• Consumer Defensive0.0%

• Financial Services0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Related ETFs

BSUB sits within the bank-credit segment of fixed income. Compared with senior bank-bond strategies such as QPON, its subordinated-debt focus involves a different position in the issuer’s capital structure; hybrid-focused funds such as BHYB represent another distinct exposure.

Risks

Who it may suit

May interest investors researching Australian bank credit and subordinated debt as part of a broader portfolio. The fund’s debt structure, issuer exposure and income characteristics may differ from cash, senior bonds, hybrids and shares; consider these distinctions alongside personal circumstances.

Key risks

Subordinated debt ranks behind senior obligations and may face greater losses if an issuer encounters financial distress. Other relevant risks include bank-credit and issuer concentration risk, changing interest rates, market liquidity and the possibility that unit prices or distributions fluctuate. Past returns do not guarantee future results.

FAQ