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Refer to the Product Disclosure Statement for further information on the fees and costs.
The Macquarie Core Australian Bond Active ETF (ASX: MQFI) (Fund) provides a core fixed income allocation, with a compelling and investor-aligned fee structure. Bonds remain a vital component in portfolios, helping investors generate consistent and reliable income, while also providing resilience during market volatility.
The Core Active ETFs at Macquarie Asset Management are designed to be portfolio building blocks and offer an enhanced outcome for investors by aiming to provide consistent active returns above the benchmark.
| Fund facts | |
| Investment objective | The Fund aims to outperform the Bloomberg AusBond Composite 0+ Yr Index (Index) over the medium term (before fees) by using an active investment strategy. |
| Benchmark | Bloomberg AusBond Composite 0+ Yr Index |
| Management team | Matthew Mulcahy, David Ashton, Nick Symons |
| Inception date | 31 August 2026 |
| Date quoted on the ASX | 17 September 2026 |
| Total fund size (Unquoted Class and Active ETF) | A$91.00m (current as at 31 August 2026) |
| Management fee+ | 0.09% pa of the net asset value of the Fund |
| Performance fee | 20% of the cumulative outperformance of the Fund (after the management fee and expenses) above the return of the Index, subject to a high watermark. |
| Distribution frequency | Generally monthly |
| Distribution reinvestment plan (DRP) | Yes |
| Issuer | Macquarie Investment Management Australia Limited |
| Registry | Apex Fund Services Pty Ltd |
| ASX Ticker | MQFI |
| APIR code | MAQ9952AU |
| Market Makers | Nine Mile and J.P. Morgan |
| Target Market Determination | The Target Market Determination (tmd), available at macquarie.com/mam/tmd, includes a description of the class of consumers for whom the Fund is likely to be consistent with their objectives, financial situation and needs. View TMD |
+ Other costs apply, which may vary year to year. See the Product Disclosure Statement for any indirect costs, expense recoveries, or underlying fund performance fees (if any).
The Fund is designed for consumers who:
Past performance is not a reliable indicator of future performance. Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions.
The performance information shown above may differ to the information in the performance report due to rounding.
* Inception date is 01 December 2025.
** Total net returns are quoted after the deduction of all fees and expenses. Due to individual investor circumstances, your net returns may differ from the net returns quoted above.
*** The benchmark is the MSCI World ex-Australia ex-Tobacco Net Dividends Reinvested Index (hedged in AUD).
The above table shows the NAV unit price for the Macquarie Core Australian Bond Active ETF. It is provided for informational purposes only. Investors, other than Authorised Participants, can only buy and sell units in the Macquarie Core Australian Bond Active ETF on the ASX. The trading price of units in the Macquarie Core Australian Bond Active ETF on the ASX on a day may vary from the NAV unit price on that same day due to factors that do not affect the NAV unit price such as investor demand and the bid/ask spreads applied by Authorised Participants. Typically, the price at which Authorised Participants will be willing to buy units from investors on a day will be less than the NAV unit price on that same day and the price at which Authorised Participants are willing to sell units to investors on a day will be higher than the NAV unit price on that same day.
The NAV unit prices listed above are cum prices calculated as at the specified valuation date. Cum price means that income, realised capital gains and any returns of capital (which form part of the distribution) are included in the unit price. While all due care has been taken in the calculation of the unit prices, such information may be updated where necessary.
All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying investments. Generally, the higher the potential return of an investment, the greater the risk (including the potential for loss and unit price variability over the short term). The risks of investing in this fund include:
Investment risk: The Fund seeks to generate higher income returns than traditional cash investments. The risk of an investment in the Fund is higher than an investment in a bank account or term deposit. Amounts distributed to investors may fluctuate, as may the Fund’s unit price, by material amounts over short periods.
Income securities risk: The Fund may have exposure to a range of income securities. The value of these securities may fall (for example: due to market volatility, interest rate movements, perceptions of credit quality, supply and demand pressures, a change to the reference rate used to set the value of interest payments, market sentiment or issuer default).
Credit risk: The value of the securities that the Fund has exposure to may be sensitive to changes in market perceptions of credit quality, both of individual issuers and of credit markets in general. Deteriorations in the market’s perception of credit quality or a rating downgrade may negatively impact the value of such securities, and hence the Fund’s NAV unit price. Credit ratings do not guarantee the credit quality of a security and may be re-assessed by rating agencies in a range of circumstances.
More information on the risks of investing in the Fund is contained in the Product Disclosure Statement, which should be considered before deciding to invest.
Macquarie Asset Management
Client Service
mam.clientservice@macquarie.com
PO Box R1723
Royal Exchange,
NSW 1225, Australia
Free call (AU): 1800 814 523
International: +61 2 8245 4900
Update your contact details, distribution election, banking information, TFN/ABN and FATCA/CRS information by completing our Change of Details form and FATCA/CRS self-certification form or appoint authorised signatories to your account by completing our Appointment of Authorised Signatories form, which are all found here.
Learn more about investing in active ETFs and explore useful resources.
Important information: The Macquarie Core Australian Bond Active ETF is a separate class of units in the Macquarie Core Australian Bond Fund (ARSN 661 719 964). A separate class of units is not a separate managed investment scheme.
