Australian Bank Floating Rate Bond ETF | BetaShares
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OVERVIEW

About

Aims to provide attractive and regular income distributions, combined with a high level of capital stability, expected to exceed income paid on cash and short-dated term deposits.

  • Assets are invested in a portfolio of senior floating rate bonds issued by Australian banks
  • Eligible bonds must have amounts outstanding of at least $500 million and a term to maturity of between 1 to 5 years
  • At least 80% of total portfolio weight allocated to bonds issued by the following eligible banks: ANZ Bank, Commonwealth Bank of Australia, National Australia Bank and Westpac (equally weighted)
  • Up to 20% of total portfolio weight allocated to bonds issued by the following eligible banks: AMP Bank, Bank of Queensland, Bendigo & Adelaide Bank, Macquarie Bank, Members Equity Bank and Suncorp-Metway

Advantages

  • Regular attractive income – income paid monthly, and expected to exceed income paid on cash and short-dated term deposits. Income expected to rise should interest rates rise and vice versa
  • Stability – historically Australian bank senior floating rate bonds have had a high level of capital stability, and limited capital variability during market declines
  • Diversification – floating rate bonds have historically exhibited low correlation to equities as well as defensive characteristics during market declines
  • Low cost – management costs of only 0.22% p.a.
  • Access – simple way to access a diversified portfolio of Australian bank senior floating rate bonds, inaccessible to most investors directly
  • Liquidity – available to trade on the ASX like any share, capital not locked up unlike term deposits

How to Invest

  • You can buy or sell units just like you’d buy or sell any share on the ASX
  • Fund requires no minimum investment

KEY FACTS

Pricing Information 24 May 2019

Current Price
Last Trade* $25.70
% Change (prev day) 0%
Bid (delayed) $25.68
Offer (delayed) $25.70
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $25.67
* As at 22 May 2019

Profile

Net Assets* ($A) $439,724,201
Units Outstanding* (#) 17,129,139
Mgmt Costs** (% p.a.) 0.22%
Distribution Frequency Monthly
Distribution Reinvestment Plan (DRP) Full or partial participation available
Issuer BetaShares Capital Ltd
Fund Administrator RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As at 22 May 2019
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code QPON
Bloomberg Code QPON AU
IRESS Code QPON.AXW
Trading Hours 10.00-16.00 (AEST)
Market Makers Deutsche Securities
SMSF Eligible Yes

Index Information

Index Solactive Australian Bank Senior Floating Rate Bond Index
Index Provider Solactive AG
Index Ticker N/A
Bloomberg Index Ticker SOLAUSFR Index
Index Methodology

Portfolio Characteristics

Running Yield (% p.a.)
Average coupon (weighted by market value) of the bonds in the portfolio, divided by the current market price of the bonds. Provides an indication of expected current income from making an investment at market price. This value will vary over time as interest rates change.
2.63 % p.a.
Yield to Maturity (% p.a.)
Total expected return from the bond portfolio, based on current bond prices and assuming no change in prevailing interest rates. This value will vary over time.
2.29 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
3.95 yrs
Modified Duration (yrs)
A measure of the sensitivity of the portfolio’s value to a change in interest rates. For example, a Modified Duration of 0.15 years implies that a 1% rise in the reference interest rate will reduce the value of the portfolio by 0.15%.
0.15 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
A+
As at 24 May 2019

Portfolio Holdings

Name Weight (%)
COMMONWEALTH BANK AUST 3.193 11 Jan 24 9.9
NATIONAL AUSTRALIA BANK 2.867 26 Sep 23 9.8
AUST & NZ BANKING GROUP MTN 2.989 06 Dec 23 9.8
WESTPAC BANKING CORP MTN 2.901 16 Nov 23 9.5
COMMONWEALTH BANK AUST MTN 2.899 16 Aug 23 9.3
NATIONAL AUSTRALIA BANK 3.022 26 Feb 24 9.2
AUST & NZ BANKING GROUP MTN 3.180 08 Feb 24 9.1
BETASHARES AUSTRALIAN HIGH INT 6.4
BENDIGO AND ADELAIDE BK MTN 2.961 19 Jan 22 4.5
BANK OF QUEENSLAND LTD MTN 2.8445 03 Feb 2023 4.5
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
CBAAU 0 01/11/24 Corp COMMONWEALTH BANK AUST 3.193 11 Jan 24 9.9 Bonds Financials Australia AUD 43,000,000 $43,586,090 $43,586,090 2024-01-11 3.1933 2.1429517381556886 0.12177206141255158
NAB 0 09/26/23 Corp NATIONAL AUSTRALIA BANK 2.867 26 Sep 23 9.8 Bonds Financials Australia AUD 42,700,000 $42,936,558 $42,936,558 2023-09-26 2.867 2.098327441651242 0.07971771190123558
ANZ 0 12/06/23 Corp AUST & NZ BANKING GROUP MTN 2.989 06 Dec 23 9.8 Bonds Financials Australia AUD 42,470,000 $42,871,766 $42,871,766 2023-12-06 2.9886 2.123254984642652 0.024871532263710017
WSTP 0 11/16/23 Corp WESTPAC BANKING CORP MTN 2.901 16 Nov 23 9.5 Bonds Financials Australia AUD 41,500,000 $41,760,620 $41,760,620 2023-11-16 2.9007 2.1168585556988218 0.2193155276197525
AU3FN0044046 Corp COMMONWEALTH BANK AUST MTN 2.899 16 Aug 23 9.3 Bonds Financials Australia AUD 40,500,000 $40,750,290 $40,750,290 2023-08-16 2.8993 2.072990718341849 0.2193033032705668
NAB 0 02/26/24 Corp NATIONAL AUSTRALIA BANK 3.022 26 Feb 24 9.2 Bonds Financials Australia AUD 40,200,000 $40,587,126 $40,587,126 2024-02-26 3.0221 2.1536016326753646 0.24741881866380916
ANZ 0 02/08/24 Corp AUST & NZ BANKING GROUP MTN 3.180 08 Feb 24 9.1 Bonds Financials Australia AUD 39,628,000 $40,116,217 $40,116,217 2024-02-08 3.1803 2.154368185831235 0.19861475734470974
AAA AU BETASHARES AUSTRALIAN HIGH INT 6.4 Equities Financials Australia AUD 560,000 $28,072,800 $28,072,800
BENAU 0 01/19/22 Corp BENDIGO AND ADELAIDE BK MTN 2.961 19 Jan 22 4.5 Bonds Financials Australia AUD 19,590,000 $19,701,075 $19,701,075 2022-01-19 2.9606 2.027069914679526 0.14272534434046302
BQDAU 0 02/03/23 Corp BANK OF QUEENSLAND LTD MTN 2.8445 03 Feb 2023 4.5 Bonds Financials Australia AUD 19,580,000 $19,640,698 $19,640,698 2023-02-03 2.8445 2.2244499136912896 0.1914205446981668
SUNAU 0 08/16/22 Corp SUNCORP-METWAY LTD MTN 2.6613 16 Aug 2022 4.3 Bonds Financials Australia AUD 18,950,000 $19,068,059 $19,068,059 2022-08-16 2.6613 2.018277947854548 0.21929617644364965
WSTP 0 03/06/23 Corp WESTPAC BANKING CORP MTN 2.6203 06 Mar 2023 4.1 Bonds Financials Australia AUD 18,100,000 $18,166,427 $18,166,427 2023-03-06 2.6203 1.9938853798976934 0.024730926155553612
AMPAU 0 05/24/21 Corp AMP BANK LIMITED MTN 3.2900 24 May 2021 4.0 Bonds Financials Australia AUD 17,500,000 $17,587,325 $17,587,325 2021-05-24 3.29 2.319845899373668 0.24609499610999291
WSTP 0 04/24/24 Corp WESTPAC BANKING CORP MTN 3.221 24 Apr 24 3.2 Bonds Financials Australia AUD 13,700,000 $13,891,800 $13,891,800 2024-04-24 3.2211 2.1838905206523536 0.1576531148575217
WSTP 0 08/16/24 Corp WESTPAC BANKING CORP MTN 2.525 16 Aug 24 2.1 Bonds Financials Australia AUD 9,000,000 $9,008,370 $9,008,370 2024-08-16 2.5252 2.230194807561883 0.2181848116520989
AUD AUD - Australia Dollar 0.3 Cash Financials Australia AUD 1,107,580 $1,107,580 $1,107,580
Download CSV
* As at 23 May 2019

Sector Allocation

Australian Senior Bank FRNs
100.0%
* As of 30 April 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.47% 0.48%
3 months 1.65% 1.67%
6 months 1.84% 1.96%
1 year 3.31% 3.56%
3 year p.a - 3.57%
5 year p.a - 3.45%
Since inception (p.a) 3.17% 3.30%
Inception date 1-Jun-17 -
* As at 30 April 2019

Chart

Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

DISTRIBUTIONS

Yield Information

Distribution Frequency Monthly
12 Mth Distribution Yield* (%) 2.7%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 30 April 2019. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Past performance is not an indicator of future performance.

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-May-19 2-May-19 16-May-19 $0.05148 -
1-Apr-19 2-Apr-19 16-Apr-19 $0.05425 2.73%
1-Mar-19 4-Mar-19 18-Mar-19 $0.05258 2.72%
1-Feb-19 4-Feb-19 18-Feb-19 $0.0615 2.71%
2-Jan-19 3-Jan-19 17-Jan-19 $0.06038 2.67%
3-Dec-18 4-Dec-18 18-Dec-18 $0.05491 2.64%
1-Nov-18 2-Nov-18 16-Nov-18 $0.05942 2.62%
1-Oct-18 2-Oct-18 16-Oct-18 $0.05052 2.59%
3-Sep-18 4-Sep-18 18-Sep-18 $0.05743 2.58%
1-Aug-18 2-Aug-18 16-Aug-18 $0.06076 2.54%
2-Jul-18 3-Jul-18 17-Jul-18 $0.05366 2.50%
1-Jun-18 4-Jun-18 19-Jun-18 $0.06034 2.49%
1-May-18 2-May-18 16-May-18 $0.0578 -
3-Apr-18 4-Apr-18 18-Apr-18 $0.05494 -
1-Mar-18 2-Mar-18 16-Mar-18 $0.05347 -
1-Feb-18 2-Feb-18 16-Feb-18 $0.05401 -
2-Jan-18 3-Jan-18 17-Jan-18 $0.05144 -
1-Dec-17 4-Dec-17 18-Dec-17 $0.0486 -
1-Nov-17 2-Nov-17 16-Nov-17 $0.05022 -
2-Oct-17 3-Oct-17 17-Oct-17 $0.0468 -
1-Sep-17 4-Sep-17 18-Sep-17 $0.04965 -
1-Aug-17 2-Aug-17 16-Aug-17 $0.04974 -
3-Jul-17 4-Jul-17 18-Jul-17 $0.04786 -
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ANNOUNCEMENTS

ASX Announcements: QPON

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RESOURCES

Factsheet - QPON
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Fund Flyer - QPON
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Portfolio Holdings
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The Investment Case for QPON
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QPON - FAQs
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Product Disclosure Statement - QPON
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Annual Report - June 2018
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NRWT and Fund Payment Notice information – April 2019 distributions
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NRWT and Fund Payment Notice information – March 2019 distributions
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NRWT and Fund Payment Notice information - February 2019 Distribution
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NRWT and Fund Payment Notice information - January 2019 Distribution
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NRWT and Fund Payment Notice information – December 2018 distributions
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NRWT and Fund Payment Notice information – November 2018 distributions
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NRWT and Fund Payment Notice information – October 2018 distributions
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NRWT and Fund Payment Notice information – September 2018 distributions
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NRWT and Fund Payment Notice information – August 2018 distributions
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NRWT and Fund Payment Notice information – July 2018 distributions
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Notice of Modifications to Fund Constitution – AMIT Tax Regime
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2018 Distribution Calendar
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Interim Financial Report 2018
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