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Macquarie ETFs_Subordinated Debt_Income active ETF_MQSD
| Fund facts | |
| Investment objective | The Fund aims to outperform the Bloomberg AusBond Bank Bill Index over the medium term (before fees). The Fund provides exposure to a diversified portfolio of subordinated bonds, which may offer higher levels of yield than cash or other investment grade bonds. Subordinated bonds are typically unsecured debt securities that rank higher than equity but below senior debt securities with respect to a repayment in the event of a default. |
| Benchmark | Bloomberg Ausbond Bank Bill Index |
| Management team | Eagle Chang, Trevor Draper |
| Inception date |
14 February 2025 |
| Date quoted on the ASX | 19 February 2025 |
| Total fund size (Unquoted Class and Active ETF) |
A$85.2m (current as at 14 February 2025) |
| Management fee | 0.29% pa of the net asset value of the Fund |
| Distribution frequency | Generally monthly |
| Distribution reinvestment plan (DRP) | Yes |
| Issuer | Macquarie Investment Management Australia Limited |
| Registry | Apex Fund Services Pty Ltd |
| ASX Ticker | MQSD |
| APIR code | MAQ5289AU |
| Market Makers | J.P. Morgan and Nine Mile |
| 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 |
Read the Product Disclosure Statement for more details on fees and expenses that may be charged.
The above table shows the NAV unit price for the Macquarie Subordinated Debt Active ETF. It is provided for informational purposes only. Investors, other than Authorised Participants, can only buy and sell units in the Macquarie Subordinated Debt Active ETF on the ASX. The trading price of units in the Macquarie Subordinated Debt 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.
| Date | Document | Type |
|---|---|---|
| 19 February 2025 | ASX Notice of Admission to Trading Status | |
| 19 February 2025 | Macquarie Subordinated Debt Active ETF - Target Market Determination | |
| 19 February 2025 | Macquarie Subordinated Debt Active ETF - Product Disclosure Statement |
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 typical bank account or term deposit. Amounts distributed to unitholders may fluctuate, as may the Fund’s NAV unit price, by material amounts over short periods.
Manager risk: There is no guarantee that the Fund will achieve its performance objectives, produce returns that are positive, or compare favourably against its peers, or that the strategies or models used by the Investment Manager will produce favourable outcomes.
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.
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 in the Fund.
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.
# Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”) are not affiliated with Macquarie and do not approve, endorse, review, or recommend the Fund. Bloomberg and the Bloomberg AusBond Index or Indices referred to in this document are trademarks or service marks of Bloomberg and have been licensed to Macquarie. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Bloomberg AusBond Index or Indices referred to in this document.
