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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 18 June 2021
| 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* | $26.03 |
* As at 16 June 2021
Profile
| Net Assets* ($A) | $671,402,838 |
| Units Outstanding* (#) | 25,790,101 |
| 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 16 June 2021
**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) |
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.
|
0.88 % 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.
|
0.32 % p.a. |
|
Average Maturity (yrs)
Average (weighted by market value) length of time
until the current
bonds in the portfolio mature.
|
3.17 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%.
|
0.14 yrs |
|
Average Credit Rating
Average credit rating for the bonds in the
portfolio. Source:
Bloomberg
| A+ |
As at 17 June 2021
Portfolio Holdings
| Name | Weight (%) |
|---|---|
| NATIONAL AUSTRALIA BANK LTD FRN JAN-25 | 10.1 |
| WESTPAC BANKING CORP FRN AUG-24 | 10.0 |
| AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN JAN-25 | 10.0 |
| AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN AUG-24 | 10.0 |
| COMMONWEALTH BANK OF AUSTRALIA FRN JAN-24 | 10.0 |
| COMMONWEALTH BANK OF AUSTRALIA FRN AUG-23 | 10.0 |
| WESTPAC BANKING CORP FRN APR-24 | 9.9 |
| NATIONAL AUSTRALIA BANK LTD FRN JUN-24 | 9.8 |
| BANK OF QUEENSLAND LTD FRN FEB-23 | 5.1 |
| MACQUARIE BANK LTD FRN DEC-25 | 5.1 |
| Ticker | Name | Weight (%) | Asset Class | Sector | Country | Currency | Shares/Unit (#) | Market Value (AUD) | Notional Value (AUD) | Maturity Date | Coupon (%) | YTM (%) | Modified Duration |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NAB Float 01/21/25 Corp | NATIONAL AUSTRALIA BANK LTD FRN JAN-25 | 10.1 | Corporate Bond | Financials | Australia | AUD | 66,800,000 | $67,945,286 | $67,945,286 | 2025-01-21 | 1.67 | 0.8006 | 0.0834 |
| WSTP 0 08/16/24 Corp | WESTPAC BANKING CORP FRN AUG-24 | 10.0 | Bonds | Financials | Australia | AUD | 66,000,000 | $67,354,320 | $67,354,320 | 2024-08-16 | 2.5252 | 0.6193 | 0.1562 |
| ANZ Float 01/16/25 Corp | AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN JAN-25 | 10.0 | Bonds | Financials | Australia | AUD | 66,200,000 | $67,300,906 | $67,300,906 | 2025-01-16 | 1.6517 | 0.8027 | 0.0695 |
| ANZ Float 08/29/24 Corp | AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN AUG-24 | 10.0 | Bonds | Financials | Australia | AUD | 65,900,000 | $67,002,837 | $67,002,837 | 2024-08-29 | 1.655 | 0.6324 | 0.1946 |
| CBAAU 0 01/11/24 Corp | COMMONWEALTH BANK OF AUSTRALIA FRN JAN-24 | 10.0 | Bonds | Financials | Australia | AUD | 65,300,000 | $66,963,844 | $66,963,844 | 2024-01-11 | 3.1933 | 0.4771 | 0.0588 |
| AU3FN0044046 Corp | COMMONWEALTH BANK OF AUSTRALIA FRN AUG-23 | 10.0 | Bonds | Financials | Australia | AUD | 65,750,000 | $66,881,229 | $66,881,229 | 2023-08-16 | 2.555 | 0.3731 | 0.1557 |
| WSTP 0 04/24/24 Corp | WESTPAC BANKING CORP FRN APR-24 | 9.9 | Bonds | Financials | Australia | AUD | 64,700,000 | $66,464,369 | $66,464,369 | 2024-04-24 | 3.2211 | 0.5425 | 0.0982 |
| NAB 0 06/19/24 Corp | NATIONAL AUSTRALIA BANK LTD FRN JUN-24 | 9.8 | Bonds | Financials | Australia | AUD | 64,500,000 | $65,792,580 | $65,792,580 | 2024-06-19 | 2.2742 | 0.5731 | 0.2537 |
| BQDAU 0 02/03/23 Corp | BANK OF QUEENSLAND LTD FRN FEB-23 | 5.1 | Bonds | Financials | Australia | AUD | 33,760,000 | $34,235,678 | $34,235,678 | 2023-02-03 | 2.8445 | 0.4009 | 0.1191 |
| MQGAU Float 12/09/25 Corp | MACQUARIE BANK LTD FRN DEC-25 | 5.1 | Bonds | Financials | Australia | AUD | 34,000,000 | $33,927,410 | $33,927,410 | 2025-12-09 | 0.5 | 1.2236 | 0.2184 |
| SUNAU Float 02/24/26 Corp | SUNCORP-METWAY LTD FRN FEB-26 | 5.0 | Bonds | Financials | Australia | AUD | 33,500,000 | $33,515,243 | $33,515,243 | 2026-02-24 | 0.47 | 1.1881 | 0.1752 |
| BENAU Float 12/02/25 Corp | BENDIGO & ADELAIDE BANK LTD FRN DEC-25 | 4.9 | Bonds | Financials | Australia | AUD | 33,000,000 | $32,950,005 | $32,950,005 | 2025-12-02 | 0.54 | 1.2482 | 0.1994 |
Download CSV
* As at 16 June 2021. Excludes cash
Sector Allocation
| Australian Senior Bank FRNs | 100.0% |
* As of 31 May 2021
PERFORMANCE
Fund Returns After Fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 0.02% | 0.05% |
| 3 months | 0.15% | 0.21% |
| 6 months | -0.13% | -0.03% |
| 1 year | 1.78% | 2.00% |
| 3 year p.a | 2.44% | 2.67% |
| 5 year p.a | - | 2.96% |
| Since inception (p.a) | 2.54% | 2.73% |
| Inception date | 1-Jun-17 | - |
* As at 31 May 2021
Chart
Chart Type
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
DISTRIBUTIONS
Yield Information
| Distribution Frequency | Monthly |
| 12 Mth Distribution Yield* (%) | 0.7% |
| 12 Mth Gross Distribution Yield* (%) | - |
| Franking Level | - |
*As at 31 May 2021. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Past performance is not an indicator of future performance.
Recent Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jun-21 | 2-Jun-21 | 17-Jun-21 | $0.02714 | 0.68% |
| 3-May-21 | 4-May-21 | 18-May-21 | $0.0274 | 0.64% |
| 1-Apr-21 | 6-Apr-21 | 20-Apr-21 | $0.01945 | 0.58% |
| 1-Mar-21 | 2-Mar-21 | 16-Mar-21 | $0.0173 | 0.56% |
| 1-Feb-21 | 2-Feb-21 | 16-Feb-21 | $0.01578 | 0.58% |
| 4-Jan-21 | 5-Jan-21 | 19-Jan-21 | $0.0172 | 0.64% |
| 1-Dec-20 | 2-Dec-20 | 16-Dec-20 | $0.01156 | 1.02% |
| 2-Nov-20 | 3-Nov-20 | 17-Nov-20 | $0.01263 | 1.12% |
| 1-Oct-20 | 2-Oct-20 | 16-Oct-20 | $0.01412 | 1.23% |
| 1-Sep-20 | 2-Sep-20 | 16-Sep-20 | $0.01448 | 1.33% |
| 3-Aug-20 | 4-Aug-20 | 18-Aug-20 | $0.01525 | 1.42% |
| 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
|
Factsheet - QPON |
Download
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Fund Flyer - 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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Product Disclosure Statement Updates – QPON |
Download
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Annual Report - June 2020 |
Download
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NRWT and Fund Payment Notice information - May 2021 distributions |
Download
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NRWT and Fund Payment Notice information - April 2021 distributions |
Download
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NRWT and Fund Payment Notice information - March 2021 distributions |
Download
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NRWT and Fund Payment Notice information - February 2021 distributions |
Download
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NRWT and Fund Payment Notice information - January 2021 distributions |
Download
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NRWT and Fund Payment Notice information - December 2020 distributions |
Download
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NRWT and Fund Payment Notice information - November 2020 distributions |
Download
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NRWT and Fund Payment Notice information - October 2020 distributions |
Download
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NRWT and Fund Payment Notice information - September 2020 distributions |
Download
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NRWT and Fund Payment Notice information - August 2020 distributions |
Download
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NRWT and Fund Payment Notice information - July 2020 distributions |
Download
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NRWT and Fund Payment Notice information - June 2020 distributions |
Download
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Notice of Modifications to Fund Constitution – AMIT Tax Regime |
Download
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Interim Financial Report - December 2020 |
Download
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