Coolabah Active Composite Bond Complex ETF (FIXD) Review & Analysis
- −1.0% in September (total return), behind the median Australian bonds ETF at −0.4%.
- Investors added a net $2.5m (0.3% of the fund).
- The unit price closed the month at $25.79, near its 12-month low (range $25.64 to $27.16).
About FIXD
FIXD is an actively managed Australian bond fund from Coolabah Capital. It aims to beat the Bloomberg AusBond Composite 0+ Yr Index, a broad index of Australian government, semi-government and corporate bonds, by actively trading high-quality bonds and adjusting interest rate exposure. It is classed as a complex ETF because it can use derivatives.
FIXD holds investment-grade bonds only, so default risk is limited, but its returns are still driven largely by interest rates. When rates rise, bond prices fall, and vice versa. The manager tries to add value by switching between government, bank and corporate bonds that look cheap, and by managing how sensitive the fund is to rates, which means results can differ from the index. Income comes from interest and is unfranked, and there is no meaningful currency risk.
FIXD may suit investors who want an actively managed core bond holding. Index alternatives include IAF and VAF, and BNDS is another active option; see IAF vs FIXD and OZBD vs FIXD.
Compare FIXD with
| Fee | 0.30% | 0.10% |
| 1 year | −0.0% | −0.4% |
| 5 yrs p.a. | +1.2% | −0.2% |
| Size | $843m | $3.7bn |
| Fee | 0.30% | 0.19% |
| 1 year | −0.0% | −0.8% |
| 5 yrs p.a. | +1.2% | – |
| Size | $843m | $1.5bn |
| Fee | 0.30% | 0.22% |
| 1 year | −0.0% | +4.6% |
| 5 yrs p.a. | +1.2% | +3.8% |
| Size | $843m | $2.4bn |
| Fee | 0.30% | 0.25% |
| 1 year | −0.0% | −1.2% |
| 5 yrs p.a. | +1.2% | +0.5% |
| Size | $843m | $1.9bn |
| Stock Code | FIXD |
|---|---|
| Fund Manager | Coolabah |
| Asset Class | Australian bonds |
| AUM | $843m |
| MER (%) | 0.30% |
| Net flows (Sep) | +$2.5m |
| Last Price | $25.79 |
| 52-Week Range | $25.64 – $27.16 |
| Bid/Ask Spread | 0.10% |
| Listing Date | 21/06/2021 |
| Exchange | TMX Australia |
| Benchmark index | Bloomberg AusBond Composite 0+ Yr Index |
| Issuer website | Coolabah ↗ |
Performance (% return)
$10,000 invested…
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.
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