QPON ASX | Floating Rate Corporate Bond ETF | BetaShares
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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 5 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 * $25.87
* As at 2 July 2020

Profile

Net Assets* ($A) $712,736,472
Units Outstanding* (#) 27,546,711
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 2 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.
1.01 % 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.
0.72 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
3.85 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%.
0.09 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
A+
As at 03 July 2020

Portfolio Holdings

Name Weight (%)
WESTPAC BANKING CORP FRN AUG-24 10.6
NATIONAL AUSTRALIA BANK LTD FRN JAN-25 10.3
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN JAN-25 10.3
COMMONWEALTH BANK OF AUSTRALIA FRN AUG-23 10.0
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN AUG-24 9.9
COMMONWEALTH BANK OF AUSTRALIA FRN JAN-24 9.9
WESTPAC BANKING CORP FRN APR-24 9.9
NATIONAL AUSTRALIA BANK LTD FRN JUN-24 9.7
BENDIGO & ADELAIDE BANK LTD FRN SEP-22 5.3
MACQUARIE BANK LTD FRN 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 FRN AUG-24 10.6 Bonds Financials Australia AUD 74,700,000 $75,638,232 $75,638,232 2024-08-16 2.5252 0.8690 0.1136
NAB Float 01/21/25 Corp NATIONAL AUSTRALIA BANK LTD FRN JAN-25 10.3 Corporate Bond Financials Australia AUD 73,000,000 $73,634,370 $73,634,370 2025-01-21 1.67 0.9039 0.0387
ANZ Float 01/16/25 Corp AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN JAN-25 10.3 Bonds Financials Australia AUD 72,500,000 $73,074,925 $73,074,925 2025-01-16 1.6517 0.9112 0.0248
AU3FN0044046 Corp COMMONWEALTH BANK OF AUSTRALIA FRN AUG-23 10.0 Bonds Financials Australia AUD 69,950,000 $70,926,502 $70,926,502 2023-08-16 2.555 0.7110 0.1138
ANZ Float 08/29/24 Corp AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN AUG-24 9.9 Bonds Financials Australia AUD 70,000,000 $70,603,400 $70,603,400 2024-08-29 1.655 0.8597 0.1518
CBAAU 0 01/11/24 Corp COMMONWEALTH BANK OF AUSTRALIA FRN JAN-24 9.9 Bonds Financials Australia AUD 69,000,000 $70,438,650 $70,438,650 2024-01-11 3.1933 0.7884 0.0168
WSTP 0 04/24/24 Corp WESTPAC BANKING CORP FRN APR-24 9.9 Bonds Financials Australia AUD 68,700,000 $70,205,217 $70,205,217 2024-04-24 3.2211 0.8314 0.0476
NAB 0 06/19/24 Corp NATIONAL AUSTRALIA BANK LTD FRN JUN-24 9.7 Bonds Financials Australia AUD 68,500,000 $69,427,490 $69,427,490 2024-06-19 2.2742 0.8590 0.2106
BENAU Float 09/12/22 Corp BENDIGO & ADELAIDE BANK LTD FRN SEP-22 5.3 Bonds Financials Australia AUD 37,500,000 $37,527,375 $37,527,375 2022-09-12 1.7381 1.0051 0.1888
MQGAU Float 02/12/25 Corp MACQUARIE BANK LTD FRN FEB-25 5.0 Bonds Financials Australia AUD 35,800,000 $35,894,154 $35,894,154 2025-02-12 1.7567 1.1155 0.0988
BQDAU 0 02/03/23 Corp BANK OF QUEENSLAND LTD FRN FEB-23 4.6 Bonds Financials Australia AUD 32,360,000 $32,501,413 $32,501,413 2023-02-03 2.8445 1.0853 0.0770
SUNAU 0 07/30/24 Corp SUNCORP-METWAY LTD FRN JUL-24 4.4 Bonds Financials Australia AUD 31,250,000 $31,237,188 $31,237,188 2024-07-30 1.8968 1.0849 0.0630
AUD AUD - AUSTRALIA DOLLAR 0.1 Cash Financials Australia AUD 980,787 $980,787 $980,787
Download CSV
* As at 3 July 2020

Sector Allocation

Australian Senior Bank FRNs
100.0%
* As of 31 May 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.41% 0.44%
3 months 0.41% 0.51%
6 months 0.85% 1.01%
1 year 2.20% 2.46%
3 year p.a - 2.98%
5 year p.a - 3.11%
Since inception (p.a) 2.81% 2.98%
Inception date 1-Jun-17 -
* As at 29 May 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-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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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 2019
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NRWT and Fund Payment Notice information - May 2020 distributions
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NRWT and Fund Payment Notice information - April 2020 distributions
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NRWT and Fund Payment Notice information - March 2020 distributions
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NRWT and Fund Payment Notice information - February 2020 distributions
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NRWT and Fund Payment Notice information - January 2020 distributions
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NRWT and Fund Payment Notice information - December 2019 distributions
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NRWT and Fund Payment Notice information - November 2019 distributions
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NRWT and Fund Payment Notice information - October 2019 distributions
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NRWT and Fund Payment Notice information - September 2019 distributions
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NRWT and Fund Payment Notice information - July 2019 distributions
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NRWT and Fund Payment Notice information - August 2019 distributions
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NRWT and Fund Payment Notice information - June 2019 distributions
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Notice of Modifications to Fund Constitution – AMIT Tax Regime
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Interim Financial Report 2018
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2020 BetaShares Distribution Calendar
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