VanEck Australian Fixed Rate Subordinated Debt ETF (FSUB) Review & Analysis
- −0.9% in September (total return), behind the median Australian bonds ETF at −0.4%.
- Investors added a net $26m (28.1% of the fund).
- The unit price closed the month at $24.49, near its 12-month low (range $24.38 to $28.50).
About FSUB
FSUB is an Australian bonds ETF from VanEck, listed on the ASX since December 2025. With $121m under management it is number 36 of 59 Australian bonds ETFs by size. The management fee is 0.29% a year, about $29 on every $10,000 invested, dearer than the typical Australian bonds ETF at 0.25%.
Its largest holdings are Westpac Banking Corp, National Australia Bank Ltd and Westpac Banking Corp, and the top 10 make up 48% of the fund. By sector it leans towards bonds & cash (100%).
It is too new to have a full year of performance. 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.
FSUB distributions and dividend dates
The latest distribution was $0.12 per unit (0% franked), ex-distribution on 2 November 2026 and paid on 17 November 2026. To receive it you need to own FSUB before the ex-date.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
Compare FSUB with
| Fee | 0.29% | 0.29% |
| 1 year | – | +5.1% |
| 5 yrs p.a. | – | +4.2% |
| Size | $121m | $4.0bn |
| Fee | 0.29% | 0.29% |
| 1 year | – | +5.4% |
| 5 yrs p.a. | – | – |
| Size | $121m | $1.1bn |
| Fee | 0.29% | 0.29% |
| 1 year | – | +4.8% |
| 5 yrs p.a. | – | – |
| Size | $121m | $857m |
| Fee | 0.29% | 0.10% |
| 1 year | – | −0.4% |
| 5 yrs p.a. | – | −0.1% |
| Size | $121m | $3.9bn |
FSUB price by TradingView
| Stock Code | FSUB |
|---|---|
| Fund Manager | VanEck |
| Asset Class | Australian bonds |
| AUM | $121m |
| MER (%) | 0.29% |
| Net flows (Sep) | +$26m |
| Last Price | $24.49 |
| 52-Week Range | $24.38 – $28.50 |
| Bid/Ask Spread | 0.09% |
| Listing Date | 12/12/2025 |
| Exchange | ASX |
| Index tracked | iBoxx AUD Fixed Investment Grade Subordinated Debt Index |
| Issuer website | VanEck ↗ |
Performance (% return)
Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.
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