Bloomberg AusBond Bank Bill Index (BAUBIL)
About this Fund
Fund Detail
| PDS | https://informedinvestor.com.au/view/pds/104313-2022-03-09-17:13.pdf |
| FUND MANAGER | Bloomberg Indices |
| ASX Code | BAUBIL* |
| APIR | |
| ASSET CLASS | EXCHANGE TRADED FUNDS |
| INVESTMENT STYLE | The Bloomberg AusBond and NZBond Indices (“the Indices”) are benchmarks for the Australian and New Zealand debt markets. |
| INVESTMENT PROFILE | |
| CURRENCY MANAGEMENT | |
| INCEPTION DATE | |
| BENCHMARK | The Bloomberg AusBond Bank Bill Index is engineered to measure the Australian money market by representing a passively managed short term money market portfolio. |
| FUND SIZE | The Bloomberg AusBond Bank Bill Index is engineered to measure the Australian money market by representing a passively managed short term money market portfolio. |
| DISTRIBUTION FREQUENCY | |
| NO. OF HOLDINGS | |
| FEES | |
| STRUCTURE |
Benefits
| Benefits | The Bloomberg AusBond Bank Bill Index is engineered to measure the Australian money market by representing a passively managed short term money market portfolio. This index is comprised of 13 synthetic instruments defined by rates interpolated from the RBA 24-hour cash rate, 1M BBSW, and 3M BBSW. This is a legacy UBS index. To be included in the Indices an issue (not issuer) must have a published rating from at least one of: S&P: equal to or higher than BBB-; or Moody’s: equal to or higher than Baa3; or Fitch: equal to or higher than BBB-; and The rating must be assigned to the bond by the rating agency prior to the last business day of the month for the bond to be included in the following month. |
| RISK LEVEL | |
| INVESTOR SUITABILITY |
Risks
| Title | |
| Detail |
Key Features
In 1988, UBS created the suite of UBS Australian Bond Indices to serve as a stable, comprehensive, and objective basis for evaluating the performance of Australia’s debt markets. Beginning with indices for bank bills, government bonds, and semi-government bonds, this index family has expanded to cover all the major asset classes in the Australian debt market including credit, supranationals, and inflation-linkers. Today, the Indices are the most widely accepted measures of Australian debt market performance. In 2014, Bloomberg acquired the UBS Australia Bond Index franchise and rebranded it as the Bloomberg AusBond Indices. Since then, this family of indices has been calculated, maintained, and licensed by Bloomberg. The indices are broadly available to the investment community, and by using Bloomberg’s data, technology, and distribution, they provide robust benchmarks for the bond markets of Australia and New Zealand. |
Mandate
The Bloomberg AusBond and NZBond Indices (“the Indices”) are benchmarks for the Australian and New Zealand debt markets. The indices include 800+ bonds with a total market value over AUD 1.15T. This investment grade index family includes AUD and NZD denominated treasury, semi-government, local government, supranational, sovereign, corporate, FRN, and inflation linked securities with at least 100 million par amount outstanding (50 million for inflation linked securities). |