Betashares Geared Short US Tr Bond Ch Complex ETF (BBFD) Review & Analysis

MER · #457 of 514AUM · #484 of 5081Y Return · Top 10%
What's new this monthData to 30 September 2026
  • +11.9% in September (total return), ahead of the median international bonds ETF at −1.8%.
  • The unit price closed the month at $23.28, at or near its 12-month high (range $17.95 to $23.34).

About BBFD

BBFD is an international bonds ETF from Betashares, listed on the ASX since December 2023. With $2.5m under management it is number 42 of 48 international bonds ETFs by size. The management fee is 0.99% a year, about $99 on every $10,000 invested, dearer than the typical international bonds ETF at 0.50%.

Over the past year it returned +24.8%, against −0.8% for the median international bonds ETF. With its focus on bonds & fixed income, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.

BBFD distributions and dividend dates

The latest distribution was $0.2205 per unit (0% franked), ex-distribution on 1 July 2026 and paid on 16 July 2026. To receive it you need to own BBFD before the ex-date.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare BBFDCheck overlapBetashares website ↗

Compare BBFD with

BBFDvsUTIP
Beta Inflation Protected US Treasury Bond Ch ETF
Fee0.99%0.22%
1 year+24.8%−1.9%
5 yrs p.a.––
Size$2.5m$103m
Same holdingsNo holdings data
Full comparison →
BBFDvsUS10
Betashares US Treasury Bond 7-10Yr Ch ETF
Fee0.99%0.22%
1 year+24.8%−3.3%
5 yrs p.a.––
Size$2.5m$19m
Same holdingsNo holdings data
Full comparison →
BBFDvsGGFD
Betashares Geared Long US Treasury Bond Currency Hedged Complex ETF
Fee0.99%0.99%
1 year+24.8%−18.5%
5 yrs p.a.––
Size$2.5m$3.3m
Same holdingsNo holdings data
Full comparison →
BBFDvsUSTB
Global X US Treasury Bond ETF (Currency Hedged)
Fee0.99%0.19%
1 year+24.8%−1.5%
5 yrs p.a.––
Size$2.5m$453m
Same holdingsNo holdings data
Full comparison →

BBFD price by TradingView

Stock CodeBBFD
Fund ManagerBetashares
Asset ClassInternational bonds
AUM$2.5m
MER (%)0.99%
Net flows (Sep)$0.0m
Last Price$23.28
52-Week Range$17.95 – $23.34
Bid/Ask Spread0.29%
Listing Date06/12/2023
ExchangeASX
IndexNone: actively managed. See the PDS for its benchmark
Issuer websiteBetashares ↗

Performance (% return)

0%8%17%25%1M11.9%1Y24.8%3Yn/a5Yn/a
1 month+11.9%
1 year+24.8%
3 years p.a.–
5 years p.a.–

$10,000 invested…

1 year ago$12,480

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

BBFD at a glance: strengths and things to watch

👍 Strengths

  • Nothing stands out against its category.

⚠️ Things to watch

  • Higher fee. At 0.99% a year it costs more than 90% of international bonds ETFs (median 0.50%), or about $49 a year more on every $10,000.
  • Small fund. With $2.5m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
  • Short track record. Listed in December 2023, so it hasn't been tested through a full market cycle.
  • Geared. It uses borrowing to magnify gains and losses. Over time, choppy markets can wear the value down, so it suits experienced, short-term investors.
  • Moves against the market. It is designed to rise when the market falls, and is usually held for short periods only.

Worked out from BBFD's fees, size, flows, returns and trend against the 48 international bonds ETFs in Australia, to 30 September 2026. General information, not a recommendation.

Joshua StegaetfadviserTrend check
Base since 22 Oct 2026

BBFD is in a base. Here's why that matters.

BBFD's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 daysHow base and trend works →See every ETF's stage →Visit etfadviser.com.au →

Why no chart? Bond, cash and currency fund prices drop each time a distribution is paid, so a price chart makes them look worse than they are. Check the total returns above instead.

Read more at etfadviser.com.au →

Investment Focus

Themes & Sectors

GearedShort & inverseCurrency hedgedActive ETFsBonds & fixed income

Portfolio Breakdown

Sector breakdown

  • Bonds & cash100.0%

Holdings from the issuer's published portfolio. Compare BBFD's holdings with other ETFs →

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

Similar ETFs

CodeNameSame holdingsMERAUM1Y3Y p.a.5Y p.a.
UTIPBeta Inflation Protected US Treasury Bond Ch ETF–0.22%$103m−1.9%+2.8%–
US10Betashares US Treasury Bond 7-10Yr Ch ETF–0.22%$19m−3.3%+2.1%–
GGFDBetashares Geared Long US Treasury Bond Currency Hedged Complex ETF Geared–0.99%$3.3m−18.5%––
USTBGlobal X US Treasury Bond ETF (Currency Hedged) Currency hedged–0.19%$453m−1.5%+2.6%–
TBILVanEck 1-3 Month US Treasury Bond ETF–0.22%$110m−2.0%+1.6%–
GGOVBetashares US Treasury Bond 20+ Year Currency Hedged ETF Currency hedged–0.22%$80m−8.0%−0.7%−9.3%

Same holdings is the share of BBFD's money in companies the other ETF also holds, weighted by size. No other ETF shares much with BBFD, so these are ETFs in the same category. See every ETF like BBFD →

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BBFD FAQs

What is the fee for BBFD?

BBFD charges a management fee (MER) of 0.99% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is BBFD?

BBFD had $2.5m in funds under management as at 30 September 2026.

How has BBFD performed?

BBFD returned +24.8% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages BBFD?

BBFD is managed by Betashares and has been listed since December 2023.

Is BBFD franked?

Generally no. BBFD invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Betashares product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.