Schroder Australian High Yielding Credit Fund - Active ETF (Cboe Code: HIGH)
Combine attractive yield with the capital protection of institutional grade fixed income in an easily accessible active ETF.
Competitive & consistent income
Addresses the need for a higher-yielding income solution beyond diversified, traditional equity and cash based products.
Diversification
A portfolio built across credit sectors, rating, maturity, capital structure and security selection.
Active ETF
Flexibility and transparency without forfeiting potential alpha.
About the Schroder Australian High Yielding Credit Fund - Active ETF
The Schroder Australian High Yielding Credit Fund - Active ETF (the Fund) is an actively managed exchange traded fund (ETF) listed on the Cboe exchange under the ticker HIGH. It answers the call of retail investors who are looking to diversify their equity or term deposit allocations with exposure to the wholesale high yielding credit universe.
HIGH is an actively-managed credit strategy aiming to deliver competitive incomes from Australian corporates and AUD-denominated issues from global corporates. HIGH seeks to deliver returns of 2.5 to 3.0% p.a. above the cash rate, before fees, over the medium term.
A diversified approach to credit investing
HIGH invests in corporate and financial credit across sectors, issuers, maturity, ratings grade and capital structure dimensions, which includes subordinated debt. The targeted result is a diversified portfolio of credit securities with the potential to deliver consistent returns above cash and term deposits but with less risk and volatility than equities. In addition, and in contrast to term deposits, the unit price is listed on the Cboe exchange, allowing investors ready access to their capital.
The role of the Schroder Australian High Yielding Credit Fund - Active ETF Exchange Code: HIGH in your portfolio
The Schroder Australian High Yielding Credit Fund - Active ETF offers investors the opportunity to generate competitive monthly income, preserve capital, diversify their portfolios, and potentially achieve consistent returns with lower risk and volatility compared to equities. Duration and currency exposures are also hedged, which can help to mitigate potential risks. HIGH's listing on Cboe provides investors with liquidity which may not be a feature of other fixed income investments.
This product focuses on a single asset class therefore should only be considered for up to 50% of a portfolio allocation where the consumer has a medium to high risk and return profile. This product has a bias towards defensive assets and therefore it is unlikely to be suitable for a consumer seeking high levels of capital growth or for those consumers that have a high return objective, or those consumers with a short investment horizon.
More about HIGH
In this video, Portfolio Manager Helen Mason explains how the Schroder Australian High Yielding Credit Fund addresses the need for a higher-yielding income option beyond diversified, traditional equity and cash-based products.
Related documents
If you need to find out more about the Schroder Australian High Yielding Credit Fund – Active ETF
End of Day pricing
End of day pricing is displayed below. Use the selectors to download data for a specific date range.
| Date | End of Day Pricing |
Distribution history
Distribution history will be available at the end of the first full calendar month of trading.
Ex-date | Record date | DRP Election date | Pay date/Reinvestment date | CPU | Reinvestment price |
X January 2025 | X January 2025 | X January 2025 | XX January 2025 | X.XX | X.XXXX |
Meet our fund manager
Helen Mason
Fund Manager
Ways to invest
The Schroder High Yielding Credit Fund - Active ETF is available on Cboe and can be traded using the exchange code: HIGH.
Before investing in the Schroder Australian High Yielding Credit Fund, please read the Product Disclosure Statement (PDS), Target Market Determination (TMD), and the Financial Services Guide (FSG). If you need help, please contact our team.
Speak with any of the brokers listed below to help you invest in the Schroder Australian High Yielding Credit Fund – Active ETF
Disclaimer
Investment in this Fund may be made via the Cboe exchange or an online broker. For further details, please see the current Product Disclosure Statement (PDS) for the Fund which is available from Schroder Investment Management Australia Limited (Schroders) (ABN 22 000 443 274, AFS Licence 226473). The information contained in this material is general information only and does not take into account your objectives, financial situation or needs. Before acting on the information contained in this material you should obtain a copy of the PDS and consider the appropriateness of the information in regard to your objective, financial situation and needs before making any decision about whether to invest, or continue to hold.
The repayment of capital and performance in the Fund is not guaranteed by Schroders or any other party. Opinions constitute our judgement at the time of issue and are subject to change. Past performance is not an indicator of future performance. Investment guidelines represented are internal only and are subject to change without notice. Schroders may record and monitor telephone calls for security, training and compliance purposes.
^As at December 2024. Effective yield is based on the unit price at the start of the period. Income is the cash distributions paid by the fund which may include return of capital. Past performance is not a reliable indicator of future performance.
The adjusted indicative NAV (iNAV) provides an intra-day estimated value of the Fund’s investments. Schroders has engaged an agent to calculate and disseminate an iNAV throughout the Business Day. The iNAV will be recalculated throughout the day to take into account movements in the price of underlying assets either through live market prices or, where there is no live market price, a price is estimated based on a proxy instrument. The use of proxy instruments is subject to the Schroders Group Instrument Pricing Policy and governance framework. Where there is no appropriate proxy instrument available, the last price at which an asset was quoted or traded will be used. The iNAV is indicative only, and may incorporate securities for which there are no live market prices at the time of calculation and so it may not reflect the actual value of the underlying assets of the Fund.
While Schroders will use best efforts to ensure that the iNAV will be published continuously and will be up-to-date and accurate, Schroders cannot guarantee this will always be the case. The iNAV should not be taken to be or relied upon to determine the price at which the units may trade on Cboe at any point in time. To the extent permitted by law, neither Schroders nor its appointed agents shall be liable to any person who relies on the iNAV. Investors will be notified via the Cboe Fund Announcements Platform if there is any material change to the methodology for calculating the iNAV. The price at which units trade on Cboe may not reflect either the NAV per unit or the iNAV. The adoption of a robust pricing methodology for the iNAV is intended to minimise this differential, as is the role of market maker but will not be able to eliminate it entirely.
The market price and the iNAV price may also deviate because the market price of the units in the Fund is a function of supply and demand amongst investors wishing to buy and sell such units and the bid-offer spread that the market maker is willing to quote for those units.