Global X Australian Bank Credit ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Australian fixed income funds would cost $124 (0.25% a year), so BANK is $17 dearer.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 40 securities · top 10 = 89.3%
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.5 | 0.4 | −0.4 | 0.2 | 0.8 | 1.1 | −0.1 | 0.3 | −0.2 | 0.7 | 3.4YTD | ||
| 2025 | 0.2 | 0.7 | 0.3 | −0.0 | 0.7 | 0.2 | 0.8 | 0.6 | 0.2 | 0.4 | −0.1 | 0.3 | 4.4 |
| 2024 | 0.4 | 0.4 | 0.6 | 0.1 | 0.6 | 2.3 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
BANK questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Global X Australian Bank Credit ETF?
Global X Australian Bank Credit ETF holds 40 securities.
Which ETFs does BANK double up with most?
BANK shares the most holdings with Vaneck Australian Fixed Rate Subordinated Debt ETF (FSUB) (57% overlap), VanEck Australian Subordinated Debt ETF (SUBD) (56% overlap) and VanEck Australian Floating Rate ETF (FLOT) (49% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 57%, owning both BANK and FSUB would mostly double up on the same investments rather than spread your money further.
How is Global X Australian Bank Credit ETF managed – active or passive?
Global X Australian Bank Credit ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Australian fixed income funds, active funds charge a median 0.43% a year and index funds 0.22%.
What will I pay in fees for BANK?
BANK charges a management fee of 0.25% a year, about $25 for every $10,000 invested. That is cheaper than 75% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Australian fixed income funds, the median is 0.23%.
Lower-cost funds with a similar focus include Betashares Australian Bank Senior Floating Rate Bond ETF (QPON) at 0.22%.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.15% for BANK.
Does Global X Australian Bank Credit ETF follow a theme?
Yes. Global X Australian Bank Credit ETF focuses on banks. Thematic funds are narrower than the broad market, so they can rise or fall much more than it does.
Other ASX funds with a banks focus include Betashares Australian Bank Senior Floating Rate Bond ETF (QPON), Australian Major Bank Subordinated Debt ETF (BSUB), Betashares Australian Major Bank Hybrids Index ETF (BHYB) and VanEck Australian Banks ETF (MVB).
What is under the hood of BANK?
As at 2 Sept 2026, the largest issuers among BANK's holdings are ANZ 5.1209 Perp (8.1% across 4 bonds), NAB 5.1209 Perp (7.7% across 3 bonds), Wstp 5.1209 Perp (6.9% across 3 bonds), Cbaau 5.1209 Perp (6.8% across 3 bonds), Cbaau 6.704 03/15/38 (1.3%), Wstp 5.815 06/04/40 (1.1%), Wstp 6.085 02/12/41 (1.1%), WSTP Float 06/23/33 (1.1%), CBAAU Float 08/21/30 (1.0%) and CBAAU Float 09/12/35 (1.0%).
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings.
How well has Global X Australian Bank Credit ETF performed?
Based on its category, Global X Australian Bank Credit ETF aims mainly to pay a regular income, with capital growth secondary.
To 23 Oct 2026, with distributions reinvested, it returned 3.5% over 1 year (median −0.1%; ranked 12 of 36). The medians and rankings compare it with Australian fixed income funds. Since listing in 2024 it has returned 4.7% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for BANK; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.25% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.