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 19 July 2019

Current Price
Last Trade* $25.86
% Change (prev day) 0%
Bid (delayed) $25.87
Offer (delayed) $25.89
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $25.87
* As at 18 July 2019

Profile

Net Assets* ($A) $515,558,151
Units Outstanding* (#) 19,930,499
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 18 July 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.
2.43 % 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.
1.77 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
4.08 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%.
0.10 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
A+
As at 19 July 2019

Portfolio Holdings

Name Weight (%)
NATIONAL AUSTRALIA BANK 3.022 26 Feb 24 10.8
AUST & NZ BANKING GROUP MTN 3.180 08 Feb 24 10.0
COMMONWEALTH BANK AUST 3.193 11 Jan 24 9.9
AUST & NZ BANKING GROUP MTN 2.989 06 Dec 23 9.8
COMMONWEALTH BANK AUST MTN 2.899 16 Aug 23 9.6
WESTPAC BANKING CORP MTN 3.221 24 Apr 24 9.4
WESTPAC BANKING CORP MTN 2.901 16 Nov 23 8.2
NATIONAL AUSTRALIA BANK MTN 2.274 19 Jun 24 6.8
BANK OF QUEENSLAND LTD MTN 2.8445 03 Feb 2023 4.3
SUNCORP-METWAY LTD MTN 2.6613 16 Aug 2022 4.2
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
NAB 0 02/26/24 Corp NATIONAL AUSTRALIA BANK 3.022 26 Feb 24 10.8 Bonds Financials Australia AUD 54,700,000 $55,713,591 $55,713,591 2024-02-26 3.0221 1.7157968435516584 0.09465281359715269
ANZ 0 02/08/24 Corp AUST & NZ BANKING GROUP MTN 3.180 08 Feb 24 10.0 Bonds Financials Australia AUD 50,128,000 $51,192,719 $51,192,719 2024-02-08 3.1803 1.705517385438124 0.04470794321688154
CBAAU 0 01/11/24 Corp COMMONWEALTH BANK AUST 3.193 11 Jan 24 9.9 Bonds Financials Australia AUD 50,000,000 $51,113,000 $51,113,000 2024-01-11 3.1933 1.6926509698308636 0.22295132892140213
ANZ 0 12/06/23 Corp AUST & NZ BANKING GROUP MTN 2.989 06 Dec 23 9.8 Bonds Financials Australia AUD 49,370,000 $50,285,814 $50,285,814 2023-12-06 2.9886 1.6703877733514125 0.1251973523416253
AU3FN0044046 Corp COMMONWEALTH BANK AUST MTN 2.899 16 Aug 23 9.6 Bonds Financials Australia AUD 48,500,000 $49,156,690 $49,156,690 2023-08-16 2.8993 1.6462116964915692 0.06652859693415687
WSTP 0 04/24/24 Corp WESTPAC BANKING CORP MTN 3.221 24 Apr 24 9.4 Bonds Financials Australia AUD 47,200,000 $48,284,656 $48,284,656 2024-04-24 3.2211 1.7368357055245018 0.0028024734469386547
WSTP 0 11/16/23 Corp WESTPAC BANKING CORP MTN 2.901 16 Nov 23 8.2 Bonds Financials Australia AUD 41,500,000 $42,108,390 $42,108,390 2023-11-16 2.9007 1.675599376521923 0.0666005412746925
NAB 0 06/19/24 Corp NATIONAL AUSTRALIA BANK MTN 2.274 19 Jun 24 6.8 Bonds Financials Australia AUD 34,500,000 $34,952,295 $34,952,295 2024-06-19 2.2742 1.7568452430980506 0.1604282500723077
BQDAU 0 02/03/23 Corp BANK OF QUEENSLAND LTD MTN 2.8445 03 Feb 2023 4.3 Bonds Financials Australia AUD 21,740,000 $21,862,396 $21,862,396 2023-02-03 2.8445 1.9138428275079773 0.038532854607212876
SUNAU 0 08/16/22 Corp SUNCORP-METWAY LTD MTN 2.6613 16 Aug 2022 4.2 Bonds Financials Australia AUD 21,350,000 $21,536,172 $21,536,172 2022-08-16 2.6613 1.6873355815404776 0.06621192913598971
AMPAU 0 05/24/21 Corp AMP BANK LIMITED MTN 3.2900 24 May 2021 4.2 Bonds Financials Australia AUD 21,400,000 $21,516,844 $21,516,844 2021-05-24 3.29 2.046892879364953 0.09341459114666033
BENAU 0 01/19/22 Corp BENDIGO AND ADELAIDE BK MTN 2.961 19 Jan 22 4.1 Bonds Financials Australia AUD 20,890,000 $21,042,079 $21,042,079 2022-01-19 2.9606 1.6967354539558293 0.24706320586169686
MQGAU 0 06/21/22 Corp MACQUARIE BANK LTD MTN 2.050 21 Jun 22 2.7 Bonds Financials Australia AUD 14,100,000 $14,128,341 $14,128,341 2022-06-21 2.05 1.6777534710721673 0.1696377588409253
NAB 0 09/26/23 Corp NATIONAL AUSTRALIA BANK 2.867 26 Sep 23 2.1 Bonds Financials Australia AUD 10,700,000 $10,839,956 $10,839,956 2023-09-26 2.867 1.6682011087602264 0.17973248771771333
WSTP 0 08/16/24 Corp WESTPAC BANKING CORP MTN 2.525 16 Aug 24 2.0 Bonds Financials Australia AUD 10,000,000 $10,108,200 $10,108,200 2024-08-16 2.5252 1.7859629772258296 0.0663527883525198
AAA AU BETASHARES AUSTRALIAN HIGH INT 1.2 Equities Financials Australia AUD 120,000 $6,012,600 $6,012,600
AUD AUD - Australia Dollar 0.8 Cash Financials Australia AUD 4,135,992 $4,135,992 $4,135,992
Download CSV
* As at 18 July 2019

Sector Allocation

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

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.29% 0.30%
3 months 0.91% 0.94%
6 months 2.39% 2.45%
1 year 3.53% 3.75%
3 year p.a - 3.58%
5 year p.a - 3.40%
Since inception (p.a) 3.13% 3.27%
Inception date 1-Jun-17 -
* As at 28 June 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* (%) 2.6%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 30 June 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-Jul-19 2-Jul-19 16-Jul-19 $0.04036 2.62%
3-Jun-19 4-Jun-19 19-Jun-19 $0.04898 2.67%
1-May-19 2-May-19 16-May-19 $0.05148 2.71%
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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The Investment Case for QPON
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QPON - FAQs
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Portfolio Holdings
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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 - June 2019 distributions
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NRWT and Fund Payment Notice information – May 2019 distributions
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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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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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LEARN MORE ABOUT QPON

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