PIMCO Australian Bond Active ETF (PAUS) Review & Analysis

MER Β· #302 of 514AUM Β· #257 of 5081Y Return Β· #299 of 426
What's new this monthData to 30 September 2026
  • βˆ’1.2% in September (total return), behind the median Australian bonds ETF at βˆ’0.4%.
  • Investors withdrew a net $3.8m (-2.7% of the fund).
  • The unit price closed the month at $19.62, 5% below its 12-month high (range $19.50 to $20.70).

About PAUS

PAUS is an Australian bonds ETF from PIMCO, listed on the TMX Australia exchange since February 2025. With $138m under management it is number 35 of 59 Australian bonds ETFs by size. The management fee is 0.50% a year, about $50 on every $10,000 invested, dearer than the typical Australian bonds ETF at 0.25%.

Over the past year it returned βˆ’0.5%, against +0.7% for the median Australian 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.

Compare PAUS with

Stock CodePAUS
Fund ManagerPIMCO
Asset ClassAustralian bonds
AUM$138m
MER (%)0.50%
Net flows (Sep)βˆ’$3.8m
Last Price$19.62
52-Week Range$19.50 – $20.70
Bid/Ask Spread0.16%
Listing Date05/02/2025
ExchangeTMX Australia
IndexNone: actively managed. See the PDS for its benchmark
Issuer websitePIMCO β†—

Performance (% return)

-1%-1%-0%0%1M-1.2%1Y-0.5%3Yn/a5Yn/a
1 monthβˆ’1.2%
1 yearβˆ’0.5%
3 years p.a.–
5 years p.a.–

$10,000 invested…

1 year ago$9,950

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.

PAUS at a glance: strengths and things to watch

πŸ‘ Strengths

  • Nothing stands out against its category.

⚠️ Things to watch

  • Higher fee. At 0.50% a year it costs more than 83% of Australian bonds ETFs (median 0.25%), or about $25 a year more on every $10,000.
  • Short track record. Listed in February 2025, so it hasn't been tested through a full market cycle.

Worked out from PAUS's fees, size, flows, returns and trend against the 59 Australian bonds ETFs in Australia, to 30 September 2026. General information, not a recommendation.

Joshua StegaetfadviserTrend check
Base since 29 Oct 2026

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

PAUS'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.

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 β†’

Investment Focus

Themes & Sectors

Active ETFsBonds & fixed income

Portfolio Breakdown

Sector breakdown

  • Bonds & cash100.0%

Holdings from the issuer's published portfolio. Compare PAUS's holdings with other ETFs β†’

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.
IAFiShares Core Composite Bond ETF–0.10%$3.7bnβˆ’0.4%+3.4%βˆ’0.2%
QPONBetashares Australian Bank Senior Floating Rate Bond ETF–0.22%$2.4bn+4.6%+5.0%+3.8%
CREDBetashares Australian Investment Grade Corporate Bond ETF–0.25%$1.9bnβˆ’1.2%+5.7%+0.5%
OZBDBetashares Australian Composite Bond ETF–0.19%$1.5bnβˆ’0.8%+4.1%–
VGBVanguard Australian Government Bond Index ETF–0.16%$1.4bnβˆ’0.7%+3.2%βˆ’0.5%
AGVTBetashares Australian Government Bond ETF–0.22%$1.1bnβˆ’1.8%+3.3%βˆ’1.6%

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

PAUS vs its closest alternatives

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

IAF iShares Core Composite Bond ETF

  • IAF is cheaper (0.10% vs 0.50%), worth about $27,435 on $100,000 over 20 years.
  • Over 1 year: PAUS βˆ’0.5%, IAF βˆ’0.4% (almost identical).
  • IAF is much larger ($3.7bn vs $138m), which usually means tighter trading spreads.
  • Different structure: PAUS is actively managed, IAF is a standard fund.

Compare PAUS and IAF side by side β†’

QPON Betashares Australian Bank Senior Floating Rate Bond ETF

  • QPON is cheaper (0.22% vs 0.50%), worth about $18,998 on $100,000 over 20 years.
  • Over 1 year: PAUS βˆ’0.5%, QPON +4.6% (QPON ahead by 5.1 percentage points).
  • QPON is much larger ($2.4bn vs $138m), which usually means tighter trading spreads.
  • Different structure: PAUS is actively managed, QPON is a standard fund.

Compare PAUS and QPON side by side β†’

CRED Betashares Australian Investment Grade Corporate Bond ETF

  • CRED is cheaper (0.25% vs 0.50%), worth about $16,917 on $100,000 over 20 years.
  • Over 1 year: PAUS βˆ’0.5%, CRED βˆ’1.2% (PAUS ahead by 0.7 percentage points).
  • CRED is much larger ($1.9bn vs $138m), which usually means tighter trading spreads.
  • Different structure: PAUS is actively managed, CRED is a standard fund.

Compare PAUS and CRED side by side β†’

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

PAUS FAQs

What is the fee for PAUS?

PAUS charges a management fee (MER) of 0.50% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is PAUS?

PAUS had $138m in funds under management as at 30 September 2026.

How has PAUS performed?

PAUS returned βˆ’0.5% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages PAUS?

PAUS is managed by PIMCO and has been listed since February 2025.

Disclaimer

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