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Active (8)BetaShares Australian Bank Senior Floating Rate Bond ETF
Opportunity to earn attractive monthly income, combined with a high level of capital stability from a quality portfolio of senior floating rate bonds issued by Australian banks.
OVERVIEW
Fund Objective
QPON aims to track the performance of an index (before fees and expenses) that measures the performance of a portfolio of some of the largest and most liquid senior floating rate bonds issued by Australian banks.
Fund Strategy
Eligible bonds must have amounts outstanding of at least $500 million and a term to maturity of between 1 to 5 years, with up to 80% of the portfolio allocated to bonds issued by the ‘big 4’ Australian banks (equal weighted) and up to 20% of the portfolio allocated to other major Australian banks.
Benefits of QPON
Regular, attractive income
Income paid monthly, and expected to exceed the income paid on cash and short-dated term deposits. If interest rates increase, so too does the income you receive and vice versa.
Capital stability
Australian bank senior floating rate bonds historically have had a high level of capital stability, and limited capital variability in equity market declines.
Defensive characteristics
Floating rate bonds have historically exhibited low correlation to equities, as well as defensive characteristics during market declines.
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 13 July 2020
| Current Price | |
|---|---|
| Last Trade* | - |
| % Change (prev day) | - |
| Bid (delayed) | - |
| Offer (delayed) | - |
*Data is delayed by at least 20 minutes.
Download NAV history
| NAV | |
|---|---|
| NAV/Unit * | $25.90 |
* As at 9 July 2020
Profile
| Net Assets* ($A) | $713,533,073 |
| Units Outstanding* (#) | 27,546,916 |
| 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 9 July 2020
**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.
|
1.00 % 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. Reflects annualised costs and benefits associated with FX-hedging, where relevant.
|
0.69 % p.a. |
|
Average Maturity (yrs)
Average (weighted by market value) length of time
until the current
bonds in the portfolio mature.
|
3.83 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 10 July 2020
Portfolio Holdings
| Name | Weight (%) |
|---|---|
| WESTPAC BANKING CORP MTN 2.525 16 AUG 24 | 10.6 |
| NATIONAL AUSTRALIA BANK 1.679 21 JAN 25 | 10.3 |
| AUST & NZ BANKING GROUP MTN 1.671 16 JAN 25 | 10.3 |
| COMMONWEALTH BANK AUST MTN 2.555 16 AUG 23 | 10.0 |
| AUST & NZ BANKING GROUP MTN 1.760 29 AUG 24 | 9.9 |
| COMMONWEALTH BANK AUST 3.193 11 JAN 24 | 9.9 |
| WESTPAC BANKING CORP MTN 3.221 24 APR 24 | 9.9 |
| NATIONAL AUSTRALIA BANK MTN 2.274 19 JUN 24 | 9.7 |
| BENDIGO AND ADELAIDE BK MTN 1.759 12 SEP 22 | 5.3 |
| MACQUARIE BANK LTD MTN 1.757 12 FEB 25 | 5.0 |
| Ticker | Name | Weight (%) | Asset Class | Sector | Country | Currency | Shares/Unit (#) | Market Value (AUD) | Notional Value (AUD) | Maturity Date | Coupon (%) | YTM (%) | Modified Duration |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WSTP 0 08/16/24 Corp | WESTPAC BANKING CORP MTN 2.525 16 AUG 24 | 10.6 | Bonds | Financials | AUD | 74,700,000 | $75,720,402 | $75,720,402 | 2024-08-16 | 2.5252 | 0.7900 | 0.0900 | |
| NAB Float 01/21/25 Corp | NATIONAL AUSTRALIA BANK 1.679 21 JAN 25 | 10.3 | Corporate Bond | AUD | 73,000,000 | $73,629,990 | $73,629,990 | 2025-01-21 | 1.67 | 0.8600 | 0.0200 | ||
| ANZ Float 01/16/25 Corp | AUST & NZ BANKING GROUP MTN 1.671 16 JAN 25 | 10.3 | Bonds | Financials | AUD | 72,500,000 | $73,101,750 | $73,101,750 | 2025-01-16 | 1.6517 | 0.8600 | 0.0100 | |
| AU3FN0044046 Corp | COMMONWEALTH BANK AUST MTN 2.555 16 AUG 23 | 10.0 | Bonds | Financials | AUD | 69,950,000 | $71,011,142 | $71,011,142 | 2023-08-16 | 2.555 | 0.6300 | 0.0900 | |
| ANZ Float 08/29/24 Corp | AUST & NZ BANKING GROUP MTN 1.760 29 AUG 24 | 9.9 | Bonds | Financials | AUD | 70,000,000 | $70,655,900 | $70,655,900 | 2024-08-29 | 1.655 | 0.8000 | 0.1300 | |
| CBAAU 0 01/11/24 Corp | COMMONWEALTH BANK AUST 3.193 11 JAN 24 | 9.9 | Bonds | Financials | AUD | 69,000,000 | $70,506,270 | $70,506,270 | 2024-01-11 | 3.1933 | 0.7200 | 0.2500 | |
| WSTP 0 04/24/24 Corp | WESTPAC BANKING CORP MTN 3.221 24 APR 24 | 9.9 | Bonds | Financials | AUD | 68,700,000 | $70,276,665 | $70,276,665 | 2024-04-24 | 3.2211 | 0.7600 | 0.0300 | |
| NAB 0 06/19/24 Corp | NATIONAL AUSTRALIA BANK MTN 2.274 19 JUN 24 | 9.7 | Bonds | Financials | AUD | 68,500,000 | $69,503,525 | $69,503,525 | 2024-06-19 | 2.2742 | 0.7900 | 0.1900 | |
| BENAU Float 09/12/22 Corp | BENDIGO AND ADELAIDE BK MTN 1.759 12 SEP 22 | 5.3 | Bonds | Financials | AUD | 37,500,000 | $37,590,375 | $37,590,375 | 2022-09-12 | 1.7381 | 0.9000 | 0.1700 | |
| MQGAU Float 02/12/25 Corp | MACQUARIE BANK LTD MTN 1.757 12 FEB 25 | 5.0 | Bonds | Financials | AUD | 35,800,000 | $35,959,668 | $35,959,668 | 2025-02-12 | 1.7567 | 1.0300 | 0.0800 | |
| BQDAU 0 02/03/23 Corp | BANK OF QUEENSLAND LTD MTN 2.8445 03 FEB 2023 | 4.6 | Bonds | Financials | AUD | 32,360,000 | $32,528,272 | $32,528,272 | 2023-02-03 | 2.8445 | 1.0200 | 0.0600 | |
| SUNAU 0 07/30/24 Corp | SUNCORP-METWAY LTD MTN 1.897 30 JUL 24 | 4.4 | Bonds | Financials | AUD | 31,250,000 | $31,285,000 | $31,285,000 | 2024-07-30 | 1.8968 | 1.0000 | 0.0400 | |
| AUD | AUD - AUSTRALIA DOLLAR | 0.2 | Cash | AUD | 1,365,528 | $1,365,528 | $1,365,528 |
Download CSV
* As at 9 July 2020
Sector Allocation
| Australian Senior Bank FRNs | 100.0% |
* As of 31 May 2020
PERFORMANCE
Fund Returns After Fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 0.36% | 0.38% |
| 3 months | 2.37% | 2.41% |
| 6 months | 1.03% | 1.18% |
| 1 year | 2.27% | 2.55% |
| 3 year p.a | 2.78% | 2.99% |
| 5 year p.a | - | 3.18% |
| Since inception (p.a) | 2.85% | 3.03% |
| Inception date | 1-Jun-17 | - |
* As at 30 June 2020
Chart
Chart Type
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
DISTRIBUTIONS
Yield Information
| Distribution Frequency | Monthly |
| 12 Mth Distribution Yield* (%) | 1.8% |
| 12 Mth Gross Distribution Yield* (%) | - |
| Franking Level | - |
*As at 31 May 2020. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Past performance is not an indicator of future performance.
Recent Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-20 | 2-Jul-20 | 16-Jul-20 | $0.01238 | 1.55% |
| 1-Jun-20 | 2-Jun-20 | 17-Jun-20 | $0.01339 | 1.65% |
| 1-May-20 | 4-May-20 | 18-May-20 | $0.01946 | 1.79% |
| 1-Apr-20 | 2-Apr-20 | 20-Apr-20 | $0.03067 | 1.89% |
| 2-Mar-20 | 3-Mar-20 | 17-Mar-20 | $0.03504 | 2.03% |
| 3-Feb-20 | 4-Feb-20 | 18-Feb-20 | $0.04046 | 2.11% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.03857 | 2.20% |
| 2-Dec-19 | 3-Dec-19 | 17-Dec-19 | $0.03727 | 2.28% |
| 1-Nov-19 | 4-Nov-19 | 18-Nov-19 | $0.03954 | 2.35% |
| 1-Oct-19 | 2-Oct-19 | 16-Oct-19 | $0.04131 | 2.43% |
| 2-Sep-19 | 3-Sep-19 | 17-Sep-19 | $0.03614 | 2.47% |
| 1-Aug-19 | 2-Aug-19 | 16-Aug-19 | $0.04769 | 2.57% |
| 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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RESOURCES
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Factsheet - QPON |
Download
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Fund Flyer - QPON |
Download
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The Investment Case for QPON |
Download
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QPON - FAQs |
Download
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Portfolio Holdings |
Download
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Product Disclosure Statement - QPON |
Download
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Annual Report - June 2019 |
Download
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NRWT and Fund Payment Notice information - May 2020 distributions |
Download
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NRWT and Fund Payment Notice information - April 2020 distributions |
Download
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NRWT and Fund Payment Notice information - March 2020 distributions |
Download
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NRWT and Fund Payment Notice information - February 2020 distributions |
Download
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NRWT and Fund Payment Notice information - January 2020 distributions |
Download
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NRWT and Fund Payment Notice information - December 2019 distributions |
Download
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NRWT and Fund Payment Notice information - November 2019 distributions |
Download
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NRWT and Fund Payment Notice information - October 2019 distributions |
Download
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NRWT and Fund Payment Notice information - September 2019 distributions |
Download
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NRWT and Fund Payment Notice information - July 2019 distributions |
Download
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NRWT and Fund Payment Notice information - August 2019 distributions |
Download
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NRWT and Fund Payment Notice information - June 2019 distributions |
Download
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Notice of Modifications to Fund Constitution – AMIT Tax Regime |
Download
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Interim Financial Report 2018 |
Download
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2020 BetaShares Distribution Calendar |
Download
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