Australian Bank Senior Floating Rate Bond ETF

QPON

Attractive income from floating rate bonds issued by Australian banks

Invest with us Factsheet Info pack

NAV/unit

$26.28 As at 22nd September 2026

Management fee and cost (p.a.)

0.22%

5 year performance (p.a.)

4.07% As at 31st August 2026

All in yield

5.39% As at 23rd September 2026

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

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.

There are risks associated with an investment in QPON, including interest rate risk, credit risk, bank sector risk and market risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on www.betashares.com.au.

Invest in QPON with Betashares Direct

Invest in QPON brokerage-free with a Betashares Direct account. You can also buy or sell QPON using an online broker or your financial adviser.

Invest with us

Key facts

Profile

Units outstanding* (#) 89,403,471

Management fee and cost** (p.a.) 0.22%

Distribution frequency Monthly

Distribution reinvestment plan (DRP) Full or partial participation available

Issuer Betashares Capital Ltd

Registry MUFG Corporate Markets (AU) Limited

Domicile Australia

* As at 22 September 2026

**Certain additional costs apply. Please refer to PDS.

Net assets*

$2,349,220,408

Pricing information

Current price

Last trade*

% Change (prev day)

Bid (delayed)

Offer (delayed)

* Data is delayed by at least 20 minutes.

NAV

NAV/Unit*

$26.28

* As at 22 September 2026

Download NAV history

Past performance is not indicative of future performance. Please refer to “Fund returns after fees” for additional information regarding performance/return information.

Trading information

ASX code

QPON

Bloomberg code

QPON AU

IRESS code

QPON.AXW

Market makers

Susquehanna Pacific

Index information

Index

Solactive Australian Bank Senior Floating Rate Bond Index

Index provider

Solactive AG

Index ticker

N/A

Bloomberg index ticker

SOLAUSFR Index

Download index methodology

Performance

Fund returns after fees (%)

	Fund	Index
1 month	0.36%	0.37%
3 months	1.37%	1.39%
6 months	2.62%	2.66%
1 year	4.99%	5.11%
3 year p.a.	5.40%	5.51%
5 year p.a.	4.07%	4.16%
10 year p.a.	-	3.48%
Since inception p.a.	3.32%	3.46%
Inception date	1-Jun-17	-

22 September 2026

Total Return: —

Date Range:

* As at 31 August 2026.

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.

Portfolio Characteristics

Running yield (% p.a.) 5.26

All-in yield (% p.a.) 5.39

Estimated yield to maturity (% p.a.) 5.62

Discount margin (bps) 65.30

Average maturity (yrs) 4.12

Modified duration (yrs) 0.15

Spread duration (yrs) 3.56

Average credit rating AA-

As at 23 September 2026

Holdings and allocation

Portfolio holdings

Name Weight (%)

NATIONAL AUSTRALIA BANK LTD FRN MAY-31 5.22%

WESTPAC BANKING CORP FRN OCT-30 5.23%

COMMONWEALTH BANK OF AUSTRALIA FRN JAN-31 5.20%

WESTPAC BANKING CORP FRN FEB-31 5.19%

COMMONWEALTH BANK OF AUSTRALIA FRN JUL-31 5.14%

NATIONAL AUSTRALIA BANK LTD FRN MAR-30 5.30%

AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN AUG-31 5.15%

AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN MAY-31 5.22%

NORFINA LTD FRN JUN-31 5.21%

MACQUARIE BANK LTD FRN AUG-31 5.22%

Ticker	Name	Weight (%)	Sector	Country	Currency	Notional/Face Value	Market Value (AUD)	Issuer	Maturity Date	Coupon (%)

Download CSV

* As at 22 September 2026. Excludes cash

Sector allocation

Australian Senior Bank FRNs

100.0%

* As of 31 August 2026

Distributions

Yield information

Distribution frequency Monthly

12 mth distribution yield* 4.2%

*As at 31 August 2026. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Franking level is total franking level over the last 12 months. Past performance is not indicative of future performance.

You can elect DRP by logging into MUFG's Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.

Recent distributions

Ex Date	Record Date	Payment Date	Distribution Unit ($)	Annual Distribution Return (%)¹
1-Sep-26	2-Sep-26	16-Sep-26	$0.112733	4.42%
3-Aug-26	4-Aug-26	18-Aug-26	$0.107529	4.33%
1-Jul-26	2-Jul-26	16-Jul-26	$0.116229	4.28%
1-Jun-26	2-Jun-26	17-Jun-26	$0.092007	4.62%
1-May-26	4-May-26	18-May-26	$0.08992	4.27%
1-Apr-26	2-Apr-26	20-Apr-26	$0.095751	4.32%
2-Mar-26	3-Mar-26	17-Mar-26	$0.079045	4.74%
2-Feb-26	3-Feb-26	17-Feb-26	$0.084708	4.87%
2-Jan-26	5-Jan-26	19-Jan-26	$0.092982	4.54%
1-Dec-25	2-Dec-25	16-Dec-25	$0.079323	5.01%
3-Nov-25	4-Nov-25	18-Nov-25	$0.087357	4.71%
1-Oct-25	2-Oct-25	16-Oct-25	$0.090223	4.80%
1-Sep-25	2-Sep-25	16-Sep-25	$0.086579	5.28%
1-Aug-25	4-Aug-25	18-Aug-25	$0.092445	4.94%
1-Jul-25	2-Jul-25	16-Jul-25	$0.10424	5.03%
2-Jun-25	3-Jun-25	18-Jun-25	$0.099555	5.86%
1-May-25	2-May-25	16-May-25	$0.104209	5.47%
1-Apr-25	2-Apr-25	16-Apr-25	$0.108234	6.04%
3-Mar-25	4-Mar-25	18-Mar-25	$0.097848	5.64%
3-Feb-25	4-Feb-25	18-Feb-25	$0.108213	5.66%
2-Jan-25	3-Jan-25	17-Jan-25	$0.111569	5.68%
2-Dec-24	3-Dec-24	17-Dec-24	$0.101289	5.64%
1-Nov-24	4-Nov-24	18-Nov-24	$0.108173	5.64%
1-Oct-24	2-Oct-24	16-Oct-24	$0.107969	5.99%
2-Sep-24	3-Sep-24	17-Sep-24	$0.104582	5.57%
1-Aug-24	2-Aug-24	16-Aug-24	$0.11487	5.57%
1-Jul-24	2-Jul-24	16-Jul-24	$0.160368	5.79%
3-Jun-24	4-Jun-24	19-Jun-24	$0.160711	5.17%
1-May-24	2-May-24	16-May-24	$0.137831	4.87%
2-Apr-24	3-Apr-24	17-Apr-24	$0.109138	4.94%
1-Mar-24	4-Mar-24	18-Mar-24	$0.101018	4.50%
1-Feb-24	2-Feb-24	16-Feb-24	$0.114993	4.37%
2-Jan-24	3-Jan-24	17-Jan-24	$0.100783	4.52%
1-Dec-23	4-Dec-23	18-Dec-23	$0.099002	4.12%
1-Nov-23	2-Nov-23	16-Nov-23	$0.105664	4.03%
2-Oct-23	3-Oct-23	17-Oct-23	$0.095833	4.15%
1-Sep-23	4-Sep-23	18-Sep-23	$0.102499	3.76%
1-Aug-23	2-Aug-23	16-Aug-23	$0.091656	3.59%
3-Jul-23	4-Jul-23	18-Jul-23	$0.078325	3.42%
1-Jun-23	2-Jun-23	19-Jun-23	$0.086142	3.28%
1-May-23	2-May-23	16-May-23	$0.073002	3.04%
3-Apr-23	4-Apr-23	20-Apr-23	$0.080574	2.74%
1-Mar-23	2-Mar-23	16-Mar-23	$0.068005	2.46%
1-Feb-23	2-Feb-23	16-Feb-23	$0.077536	2.24%
3-Jan-23	4-Jan-23	18-Jan-23	$0.072606	2.04%
1-Dec-22	2-Dec-22	16-Dec-22	$0.072576	1.75%
1-Nov-22	2-Nov-22	16-Nov-22	$0.074855	1.52%
3-Oct-22	4-Oct-22	18-Oct-22	$0.062309	1.28%
1-Sep-22	2-Sep-22	16-Sep-22	$0.057282	1.09%
1-Aug-22	2-Aug-22	16-Aug-22	$0.050287	0.97%
1-Jul-22	4-Jul-22	18-Jul-22	$0.045483	0.77%
1-Jun-22	2-Jun-22	17-Jun-22	$0.015943	0.77%
2-May-22	3-May-22	17-May-22	$0.013915	0.91%
1-Apr-22	4-Apr-22	20-Apr-22	$0.014313	0.86%
1-Mar-22	2-Mar-22	16-Mar-22	$0.01312	0.88%
1-Feb-22	2-Feb-22	16-Feb-22	$0.014204	0.90%
4-Jan-22	5-Jan-22	19-Jan-22	$0.014333	0.90%
1-Dec-21	2-Dec-21	16-Dec-21	$0.015179	0.91%
1-Nov-21	2-Nov-21	16-Nov-21	$0.014863	0.95%
1-Oct-21	4-Oct-21	18-Oct-21	$0.014864	0.90%
1-Sep-21	2-Sep-21	16-Sep-21	$0.015088	0.90%
2-Aug-21	3-Aug-21	17-Aug-21	$0.011385	0.95%
1-Jul-21	2-Jul-21	16-Jul-21	$0.043962	0.92%
1-Jun-21	2-Jun-21	17-Jun-21	$0.027143	0.80%
3-May-21	4-May-21	18-May-21	$0.027398	0.75%
1-Apr-21	6-Apr-21	20-Apr-21	$0.019449	0.73%
1-Mar-21	2-Mar-21	16-Mar-21	$0.017296	0.90%
1-Feb-21	2-Feb-21	16-Feb-21	$0.015781	0.99%
4-Jan-21	5-Jan-21	19-Jan-21	$0.017201	0.94%
1-Dec-20	2-Dec-20	16-Dec-20	$0.011563	1.17%
2-Nov-20	3-Nov-20	17-Nov-20	$0.012632	1.12%
1-Oct-20	2-Oct-20	16-Oct-20	$0.014116	1.23%
1-Sep-20	2-Sep-20	16-Sep-20	$0.014479	1.48%
3-Aug-20	4-Aug-20	18-Aug-20	$0.015247	1.42%
1-Jul-20	2-Jul-20	16-Jul-20	$0.012379	1.55%
1-Jun-20	2-Jun-20	17-Jun-20	$0.013393	1.85%
1-May-20	4-May-20	18-May-20	$0.019458	1.79%
1-Apr-20	2-Apr-20	20-Apr-20	$0.030667	1.89%
2-Mar-20	3-Mar-20	17-Mar-20	$0.035045	2.03%
3-Feb-20	4-Feb-20	18-Feb-20	$0.04046	2.11%
2-Jan-20	3-Jan-20	17-Jan-20	$0.038575	2.20%
2-Dec-19	3-Dec-19	17-Dec-19	$0.037269	2.50%
1-Nov-19	4-Nov-19	18-Nov-19	$0.039537	2.35%
1-Oct-19	2-Oct-19	16-Oct-19	$0.041311	2.43%
2-Sep-19	3-Sep-19	17-Sep-19	$0.036141	2.70%
1-Aug-19	2-Aug-19	16-Aug-19	$0.047689	2.57%
1-Jul-19	2-Jul-19	16-Jul-19	$0.040359	2.83%
3-Jun-19	4-Jun-19	19-Jun-19	$0.048979	2.66%
1-May-19	2-May-19	16-May-19	$0.051484	2.71%
1-Apr-19	2-Apr-19	16-Apr-19	$0.054249	2.95%
1-Mar-19	4-Mar-19	18-Mar-19	$0.052583	2.71%
1-Feb-19	4-Feb-19	18-Feb-19	$0.0615	2.70%
2-Jan-19	3-Jan-19	17-Jan-19	$0.060376	2.67%
3-Dec-18	4-Dec-18	18-Dec-18	$0.054914	2.64%
1-Nov-18	2-Nov-18	16-Nov-18	$0.059417	2.62%
1-Oct-18	2-Oct-18	16-Oct-18	$0.050519	2.77%
3-Sep-18	4-Sep-18	18-Sep-18	$0.057428	2.58%
1-Aug-18	2-Aug-18	16-Aug-18	$0.060762	2.54%
2-Jul-18	3-Jul-18	17-Jul-18	$0.053661	2.69%
1-Jun-18	4-Jun-18	19-Jun-18	$0.060338	2.49%
1-May-18	2-May-18	16-May-18	$0.057797	-
3-Apr-18	4-Apr-18	18-Apr-18	$0.054943	-
1-Mar-18	2-Mar-18	16-Mar-18	$0.053472	-
1-Feb-18	2-Feb-18	16-Feb-18	$0.054014	-
2-Jan-18	3-Jan-18	17-Jan-18	$0.051443	-
1-Dec-17	4-Dec-17	18-Dec-17	$0.0486	-
1-Nov-17	2-Nov-17	16-Nov-17	$0.050217	-
2-Oct-17	3-Oct-17	17-Oct-17	$0.046803	-
1-Sep-17	4-Sep-17	18-Sep-17	$0.049649	-
1-Aug-17	2-Aug-17	16-Aug-17	$0.049735	-
3-Jul-17	4-Jul-17	18-Jul-17	$0.047856	-

¹ This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.

Announcements

ASX Announcements: QPON