Kapstream Absolute Return Income Active ETF (XKAP) Review & Analysis
- +0.1% in September (total return), ahead of the median international bonds ETF at −1.8%.
- Investors added a net $1.6m (5.1% of the fund).
- The unit price closed the month at $100.06, 1% below its 12-month high (range $98.77 to $101.18).
About XKAP
XKAP is an international bonds ETF from Kapstream, listed on the TMX Australia exchange since October 2019. With $33m under management it is number 29 of 48 international bonds ETFs by size. The management fee is 0.55% a year, about $55 on every $10,000 invested, dearer than the typical international bonds ETF at 0.50%.
Over five years it has returned +3.7% a year including distributions, against −0.9% for the median international bonds ETF. With its focus on dividends & income, bonds & fixed income, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.
Compare XKAP with
| Fee | 0.55% | 0.55% |
| 1 year | +4.5% | +3.0% |
| 5 yrs p.a. | +3.7% | +3.0% |
| Size | $33m | $63m |
| Fee | 0.55% | 0.50% |
| 1 year | +4.5% | +2.5% |
| 5 yrs p.a. | +3.7% | – |
| Size | $33m | $695m |
| Fee | 0.55% | 0.95% |
| 1 year | +4.5% | +1.2% |
| 5 yrs p.a. | +3.7% | +3.4% |
| Size | $33m | $292m |
| Fee | 0.55% | 0.49% |
| 1 year | +4.5% | +3.2% |
| 5 yrs p.a. | +3.7% | – |
| Size | $33m | $105m |
| Stock Code | XKAP |
|---|---|
| Fund Manager | Kapstream |
| Asset Class | International bonds |
| AUM | $33m |
| MER (%) | 0.55% |
| Net flows (Sep) | +$1.6m |
| Last Price | $100.06 |
| 52-Week Range | $98.77 – $101.18 |
| Bid/Ask Spread | 0.22% |
| Listing Date | 15/10/2019 |
| Exchange | TMX Australia |
| Index | None: actively managed. See the PDS for its benchmark |
| Issuer website | Kapstream ↗ |
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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