BetaShares HBRD ETF (ASX:HBRD)

BetaShares Active Australian Hybrids Fund

About the HBRD ETF

BetaShares Australian Credit Income Active ETF aims to provide investors with attractive income returns from an actively managed, diversified portfolio of credit income opportunities.

The HBRD ETF pays income monthly at a rate expected to be higher than the cash and senior bonds.

NB: Net Running Yield and All In Yield shown.

HBRD ETF Performance Review

4.65

5.83

4.29

4.2

5.46

5.61

Data Current To: 31/03/2026

Our review of HBRD ETF

Invests in floating rate securities, so the fund takes very little interest rate risk

What we like about the HBRD ETF

Monthly distributions

The fund recently changed its name, benchmark given the phasing out of ASX listed financial hybrids. It now has the capacity to invest in ABS and RMBS:

- Up to 20% for AAA-rated RMBS

- Up to 25% invested in Australian bank foreign currency issuance, with the currency hedged back into Australian dollars

Things to be aware of about the HBRD ETF

Doesn't disclose credit rating profile

Concentrated financial institution portfolio

Subordinated bonds make up almost 60% of the portfolio as at 31 March 2026

HBRD ETF Investment Strategy

HBRD invests in an actively managed portfolio of hybrid securities overseen by a professional investment manager. If the hybrid market is assessed to be overvalued or to present a heightened risk of capital loss, the fund can allocate more of the portfolio to lower risk securities such as cash or bonds.

What does the HBRD ETF Invest In?

HBRD is a Corporate Bond ETF.

BetaShares Australian Credit Income Active ETF invests in floating rate hedged credit income instruments including cash investments, senior and subordinated bonds, hybrids and securitised credit

HBRD ETF Credit Quality

HBRD Frequently Asked Questions

What index does the HBRD ETF aim to replicate?

The HBRD ETF aims to replicate the Solactive Australian Hybrd Securities Index.

How often does HBRD ETF pay distributions?

The distribution frequency of HBRD is Monthly.

When did the HBRD ETF start?

The inception date of the HBRD ETF was 13/11/2017.

What are the net assets of the HBRD ETF?

HBRD has net assets of $2496.56m (AUD) as of 31/03/2026.

What are the number of holdings in the HBRD ETF?

Total number of holdings in HBRD is 157 as of 31/03/2026.

What are the management fees for the HBRD ETF?

The annual management fees for the HBRD ETF are 0.55% p.a. Learn more about ETF fees in this article.

How can I invest in the HBRD ETF?

HBRD is an Exchange Traded Fund, and units may be bought or sold on the ASX like shares. Learn how to buy and sell ETFs in this article.

Does the HBRD ETF have a minimum investment amount?

No, there is no minimum to invest in the Betashares HBRD ETF. Exchange Traded Funds in general do not have a minimum investment amount required by the issuer. However, if you choose to invest through a broker, they may choose to set their own minimum investment amount.

Are there any performance fees associated with the HBRD ETF?

No, HBRD has no performance fee. This is one of the advantages of Exchange Traded Funds, as they are traded like shares, you’ll generally only pay a commission to buy or sell units and an ongoing management fee.