Coolabah Global Carbon Leaders Complex ETF (CBNX) Review & Analysis

New ETF

MER · #465 of 514AUM · #333 of 508

What's new this monthData to 30 September 2026

+0.1% in September (total return), ahead of the median international bonds ETF at −1.8%.
Investors added a net $1.8m (3.2% of the fund).
The unit price closed the month at $49.83, 1% below its 12-month high (range $49.68 to $50.58).

About CBNX

CBNX is an international bonds ETF from Coolabah, listed on the TMX Australia exchange since December 2025. With $57m under management it is number 25 of 48 international bonds ETFs by size. The management fee is 1.00% a year, about $100 on every $10,000 invested, dearer than the typical international bonds ETF at 0.50%.

It is too new to have a full year of performance. With its focus on ethical & esg, bonds & fixed income, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.

Compare CBNX Check overlap Coolabah website ↗

Compare CBNX with

CBNXvsYLDX

Coolabah Global Floating-Rate High Yield Complex ETF

Fee	1.00%	1.00%
1 year	–	+4.9%
5 yrs p.a.	–	–
Size	$57m	$653m

Same holdingsNo holdings data

Full comparison →

CBNXvsGFXD

Coolabah Active Global Bond Complex ETF

Fee	1.00%	0.65%
1 year	–	–
5 yrs p.a.	–	–
Size	$57m	$0.9m

Same holdingsNo holdings data

Full comparison →

CBNXvsVBND

Vanguard Global Aggregate Bond Index (Hedged) ETF

Fee	1.00%	0.20%
1 year	–	−1.2%
5 yrs p.a.	–	−1.3%
Size	$57m	$4.9bn

Same holdingsNo holdings data

Full comparison →

CBNXvsVIF

Vanguard International Fixed Interest Index (Hedged) ETF

Fee	1.00%	0.20%
1 year	–	−1.7%
5 yrs p.a.	–	−1.5%
Size	$57m	$862m

Same holdingsNo holdings data

Full comparison →

Stock Code	CBNX
Fund Manager	Coolabah
Asset Class	International bonds
AUM	$57m
MER (%)	1.00%
Net flows (Sep)	+$1.8m
Last Price	$49.83
52-Week Range	$49.68 – $50.58
Bid/Ask Spread	0.18%
Listing Date	11/12/2025
Exchange	TMX Australia
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Coolabah ↗

Performance (% return)

1 month+0.1%

1 year–

3 years p.a.–

5 years p.a.–

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

CBNX at a glance: strengths and things to watch

👍 Strengths

Nothing stands out against its category.

⚠️ Things to watch

Higher fee. At 1.00% a year it costs more than 94% of international bonds ETFs (median 0.50%), or about $50 a year more on every $10,000.
Short track record. Listed in December 2025, so it hasn't been tested through a full market cycle.
In a downtrend. Its price has been trending down since 1 October (as at 7 November).

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

etfadviserTrend check

Downtrend since 1 Oct 2026

CBNX is in a downtrend. Here's why that matters.

CBNX's price is below its 20-day average and its averages are stacked downward.

Why it matters: Downtrends can run for months, and that is where most big losses happen. For satellite holdings, waiting in cash until the trend turns has often been the better choice.

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 days How 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.

Investment Focus

Themes & Sectors

Ethical & ESG Active ETFs Bonds & fixed income

Portfolio Breakdown

Sector breakdown

Bonds & cash100.0%

Holdings from the issuer's published portfolio. Compare CBNX'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

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
YLDX	Coolabah Global Floating-Rate High Yield Complex ETF	–	1.00%	$653m	+4.9%	–	–
GFXD	Coolabah Active Global Bond Complex ETF Active	–	0.65%	$0.9m	–	–	–
VBND	Vanguard Global Aggregate Bond Index (Hedged) ETF Currency hedged	–	0.20%	$4.9bn	−1.2%	+3.3%	−1.3%
VIF	Vanguard International Fixed Interest Index (Hedged) ETF Currency hedged	–	0.20%	$862m	−1.7%	+2.3%	−1.5%
WBND	Betashares Global Aggregate Bond Currency H ETF	–	0.19%	$782m	−0.6%	–	–
FRAR	Franklin Australian Absolute Return Bond Fund – Active ETF Active	–	0.50%	$695m	+2.5%	–	–

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

CBNX vs its closest alternatives

What actually differs between CBNX and the ETFs most like it. Data to 30 Sep 2026.

YLDX Coolabah Global Floating-Rate High Yield Complex ETF

Both charge the same fee (1.00%).
YLDX is much larger ($653m vs $57m), which usually means tighter trading spreads.

Compare CBNX and YLDX side by side →

GFXD Coolabah Active Global Bond Complex ETF

GFXD is cheaper (0.65% vs 1.00%), worth about $21,857 on $100,000 over 20 years.
CBNX is much larger ($57m vs $0.9m), which usually means tighter trading spreads.
Different structure: CBNX is a standard fund, GFXD is actively managed.

Compare CBNX and GFXD side by side →

VBND Vanguard Global Aggregate Bond Index (Hedged) ETF

VBND is cheaper (0.20% vs 1.00%), worth about $52,043 on $100,000 over 20 years.
VBND is much larger ($4.9bn vs $57m), which usually means tighter trading spreads.
Different structure: CBNX is a standard fund, VBND is currency hedged.

Compare CBNX and VBND side by side →

General information only. Past performance is not a reliable indicator of future performance.

CBNX FAQs

What is the fee for CBNX?

CBNX charges a management fee (MER) of 1.00% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is CBNX?

CBNX had $57m in funds under management as at 30 September 2026.

Who manages CBNX?

CBNX is managed by Coolabah and has been listed since December 2025.

Is CBNX franked?

Generally no. CBNX 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 Coolabah product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.