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 31 March 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 * $25.34
* As at 30 March 2020

Profile

Net Assets* ($A) $767,071,974
Units Outstanding* (#) 30,265,738
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 30 March 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.
1.75 % 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.
1.57 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
3.91 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 31 March 2020

Portfolio Holdings

Name Weight (%)
WESTPAC BANKING CORP FRN APR-24 10.2
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN AUG-24 10.1
NATIONAL AUSTRALIA BANK LTD FRN JUN-24 10.0
WESTPAC BANKING CORP FRN AUG-24 9.9
NATIONAL AUSTRALIA BANK LTD FRN JAN-25 9.7
COMMONWEALTH BANK OF AUSTRALIA FRN JAN-24 9.3
COMMONWEALTH BANK OF AUSTRALIA FRN AUG-23 9.0
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN JAN-25 8.6
BENDIGO & ADELAIDE BANK LTD FRN SEP-22 4.5
BANK OF QUEENSLAND LTD FRN FEB-23 4.3
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
WSTP 0 04/24/24 Corp WESTPAC BANKING CORP FRN APR-24 10.2 Bonds Financials Australia AUD 77,700,000 $77,776,923 $77,776,923 2024-04-24 3.2211 1.5606 0.0603
ANZ Float 08/29/24 Corp AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN AUG-24 10.1 Bonds Financials Australia AUD 78,500,000 $77,223,590 $77,223,590 2024-08-29 1.655 1.6354 0.1533
NAB 0 06/19/24 Corp NATIONAL AUSTRALIA BANK LTD FRN JUN-24 10.0 Bonds Financials Australia AUD 77,500,000 $76,680,825 $76,680,825 2024-06-19 2.2742 1.6442 0.2107
WSTP 0 08/16/24 Corp WESTPAC BANKING CORP FRN AUG-24 9.9 Bonds Financials Australia AUD 76,700,000 $75,610,860 $75,610,860 2024-08-16 2.5252 1.6966 0.1240
NAB Float 01/21/25 Corp NATIONAL AUSTRALIA BANK LTD FRN JAN-25 9.7 Corporate Bond Financials Australia AUD 76,000,000 $74,355,360 $74,355,360 2025-01-21 1.67 1.7465 0.0509
CBAAU 0 01/11/24 Corp COMMONWEALTH BANK OF AUSTRALIA FRN JAN-24 9.3 Bonds Financials Australia AUD 71,500,000 $71,462,105 $71,462,105 2024-01-11 3.1933 1.5702 0.0328
AU3FN0044046 Corp COMMONWEALTH BANK OF AUSTRALIA FRN AUG-23 9.0 Bonds Financials Australia AUD 69,450,000 $69,046,496 $69,046,496 2023-08-16 2.555 1.5259 0.1250
ANZ Float 01/16/25 Corp AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN JAN-25 8.6 Bonds Financials Australia AUD 67,500,000 $66,025,125 $66,025,125 2025-01-16 1.6517 1.7400 0.0375
BENAU Float 09/12/22 Corp BENDIGO & ADELAIDE BANK LTD FRN SEP-22 4.5 Bonds Financials Australia AUD 34,500,000 $34,119,810 $34,119,810 2022-09-12 1.7381 1.6959 0.1918
BQDAU 0 02/03/23 Corp BANK OF QUEENSLAND LTD FRN FEB-23 4.3 Bonds Financials Australia AUD 33,180,000 $32,842,891 $32,842,891 2023-02-03 2.8445 1.8098 0.0866
SUNAU 0 07/30/24 Corp SUNCORP-METWAY LTD FRN JUL-24 4.1 Bonds Financials Australia AUD 32,250,000 $31,665,630 $31,665,630 2024-07-30 1.8968 1.6844 0.0752
MQGAU 0 08/07/24 Corp MACQUARIE BANK LTD FRN AUG-24 4.1 Bonds Financials Australia AUD 31,800,000 $31,445,112 $31,445,112 2024-08-07 1.84 1.5399 0.0947
AMPAU 0 05/24/21 Corp AMP BANK LTD FRN MAY-21 3.9 Bonds Financials Australia AUD 30,060,000 $30,087,355 $30,087,355 2021-05-24 3.29 1.6913 0.1449
AUD AUD - AUSTRALIA DOLLAR 2.0 Cash Financials Australia AUD 15,116,147 $15,116,147 $15,116,147
MQGAU Float 02/12/25 Corp MACQUARIE BANK LTD FRN FEB-25 0.1 Bonds Financials Australia AUD 1,000,000 $969,990 $969,990 2025-02-12 1.7567 2.0072 0.1061
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* As at 30 March 2020

Sector Allocation

Australian Senior Bank FRNs
100.0%
* As of 29 February 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month - 0.02%
3 months 0.44% 0.49%
6 months 0.86% 0.96%
1 year 2.97% 3.18%
3 year p.a - 3.10%
5 year p.a - 3.24%
Since inception (p.a) 2.91% 3.07%
Inception date 1-Jun-17 -
* As at 28 February 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* (%) 2.1%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 29 February 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)
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 - 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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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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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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