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 1 July 2022

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* $25.54
* As at 29 June 2022

Profile

Net Assets* ($A) $560,625,134
Units Outstanding* (#) 21,953,760
Mgmt Costs** (% p.a.) 0.22%
Distribution Frequency Monthly
Distribution Reinvestment Plan (DRP) Full or partial participation available
Issuer BetaShares Capital Ltd
Fund Administrator Citigroup Pty Limited
Custodian Citigroup Pty Limited
Registry Link Market Services
Auditor KPMG
* As at 29 June 2022
**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 annual coupon (weighted by market value) of the securities in the portfolio, divided by the current market price of the securities (including any accrued interest). Provides an indication of expected income receivable over the next 12 months, however it does not take into account capital gains/losses realisable when a security is sold or matures.
1.61
All-in yield (% p.a.)
The sum of a floating-rate security's Discount Margin and its reference benchmark rate. The fund's all-in yield is the weighted average of its underlying securities' all-in yields.
2.81
Discount Margin (bps)
The difference or spread between the expected return of a floating-rate security and that of its underlying index, expressed as a margin above the underlying reference benchmark rate. The fund's DM is the weighted average of its underlying securities' DMs. For AUD floating-rate securities, the reference benchmark rate is typically the Bank Bill Swap Rate (BBSW). For securities with optionality, this is the DM to first call, where the calculation replaces the security maturity date with its first call date.
101.01
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
4.06
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
Spread duration
A measure of the sensitivity of the portfolio's value to a change in the credit spread margin or discount margin (DM). For example, a Spread Duration of 2 years implies that a 1%, or 100 basis points rise in the DM will reduce the value of the portfolio by 2%.
3.62
Average Credit Rating
Average credit rating for the securities in the portfolio. Source: Bloomberg
A+
As at 30 June 2022

Portfolio Holdings

Name Weight (%)
WESTPAC BANKING CORP FRN JAN-27 11.9
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN MAY-27 10.5
NATIONAL AUSTRALIA BANK LTD FRN AUG-26 9.9
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN MAY-25 9.8
COMMONWEALTH BANK OF AUSTRALIA FRN JAN-27 9.7
NATIONAL AUSTRALIA BANK LTD FRN FEB-27 9.2
WESTPAC BANKING CORP FRN MAY-27 8.9
COMMONWEALTH BANK OF AUSTRALIA FRN JAN-24 6.7
SUNCORP-METWAY LTD FRN JAN-27 6.4
MACQUARIE BANK LTD FRN DEC-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 Float 01/25/27 Corp WESTPAC BANKING CORP FRN JAN-27 11.9 Bonds Financials Australia AUD 67,600,000 $66,910,142 $66,910,142 2027-01-25 0.7777 4.7444 0.0568
ANZ Float 05/12/27 Corp AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN MAY-27 10.5 Bonds Financials Australia AUD 58,750,000 $58,771,150 $58,771,150 2027-05-12 1.9041 4.7851 0.1064
NAB Float 08/24/26 Corp NATIONAL AUSTRALIA BANK LTD FRN AUG-26 9.9 Corporate Bond Financials Australia AUD 56,700,000 $55,586,129 $55,586,129 2026-08-24 0.4244 4.6808 0.1365
ANZ Float 05/12/25 Corp AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN MAY-25 9.8 Bonds Financials Australia AUD 55,000,000 $55,053,075 $55,053,075 2025-05-12 1.7041 4.4407 0.1065
CBAAU Float 01/14/27 Corp COMMONWEALTH BANK OF AUSTRALIA FRN JAN-27 9.7 Bonds Financials Australia AUD 55,180,000 $54,640,064 $54,640,064 2027-01-14 0.7695 4.7364 0.0271
NAB Float 02/25/27 Corp NATIONAL AUSTRALIA BANK LTD FRN FEB-27 9.2 Bonds Financials Australia AUD 52,300,000 $51,736,729 $51,736,729 2027-02-25 0.8104 4.7644 0.1403
WSTP Float 05/20/27 Corp WESTPAC BANKING CORP FRN MAY-27 8.9 Bonds Financials Australia AUD 49,900,000 $50,052,694 $50,052,694 2027-05-20 2.0641 4.7947 0.1339
CBAAU 0 01/11/24 Corp COMMONWEALTH BANK OF AUSTRALIA FRN JAN-24 6.7 Bonds Financials Australia AUD 37,200,000 $37,431,384 $37,431,384 2024-01-11 3.1933 4.0229 0.0193
SUNAU Float 01/25/27 Corp SUNCORP-METWAY LTD FRN JAN-27 6.4 Bonds Financials Australia AUD 36,500,000 $35,880,595 $35,880,595 2027-01-25 0.8571 4.9964 0.0564
MQGAU Float 12/09/25 Corp MACQUARIE BANK LTD FRN DEC-25 5.0 Bonds Financials Australia AUD 28,500,000 $27,933,278 $27,933,278 2025-12-09 0.5 4.8130 0.1790
BENAU Float 12/02/25 Corp BENDIGO & ADELAIDE BANK LTD FRN DEC-25 5.0 Bonds Financials Australia AUD 28,500,000 $27,896,940 $27,896,940 2025-12-02 0.54 4.8925 0.1602
BQDAU Float 10/27/26 Corp BANK OF QUEENSLAND LTD FRN OCT-26 4.9 Bonds Financials Australia AUD 27,720,000 $27,198,171 $27,198,171 2026-10-27 0.8402 5.0713 0.0616
WSTP Float 03/17/25 Corp WESTPAC BANKING CORP FRN MAR-25 1.8 Bonds Financials Australia AUD 10,000,000 $9,986,750 $9,986,750 2025-03-17 0.847 4.4059 0.2093
CBAAU Float 12/23/26 Corp COMMONWEALTH BANK OF AUSTRALIA FRN DEC-26 0.2 Bonds Financials Australia AUD 1,000,000 $977,490 $977,490 2026-12-23 0.605 4.7253 0.2158
Download CSV
* As at 29 June 2022. Excludes cash

Sector Allocation

Australian Senior Bank FRNs
100.0%
* As of 31 May 2022

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -0.21% -0.20%
3 months -0.84% -0.82%
6 months -0.86% -0.77%
1 year -1.11% -0.92%
3 year p.a 0.94% 1.17%
5 year p.a - 1.99%
Since inception (p.a) 1.80% 1.99%
Inception date 1-Jun-17 -
* As at 31 May 2022

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* (%) 0.8%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 May 2022. 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-22 2-Jun-22 17-Jun-22 $0.01594 0.77%
2-May-22 3-May-22 17-May-22 $0.01391 0.81%
1-Apr-22 4-Apr-22 20-Apr-22 $0.01431 0.86%
1-Mar-22 2-Mar-22 16-Mar-22 $0.01312 0.88%
1-Feb-22 2-Feb-22 16-Feb-22 $0.0142 0.90%
4-Jan-22 5-Jan-22 19-Jan-22 $0.01433 0.90%
1-Dec-21 2-Dec-21 16-Dec-21 $0.01518 0.91%
1-Nov-21 2-Nov-21 16-Nov-21 $0.01486 0.86%
1-Oct-21 4-Oct-21 18-Oct-21 $0.01486 0.80%
1-Sep-21 2-Sep-21 16-Sep-21 $0.01509 0.79%
2-Aug-21 3-Aug-21 17-Aug-21 $0.01138 0.79%
1-Jul-21 2-Jul-21 16-Jul-21 $0.04396 0.80%
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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ANNOUNCEMENTS

ASX Announcements: QPON

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RESOURCES

Factsheet - QPON
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Fund Flyer - QPON
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Investor Guide to BetaShares Fixed Income Solutions
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QPON - FAQs
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Portfolio Holdings
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Product Disclosure Statement - QPON
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Product Disclosure Statement Update – 20 September 2021
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Product Disclosure Statement Updates – QPON
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Interim Financial Report - December 2021
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Annual Report - June 2021
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NRWT and Fund Payment Notice information - May 2022 distributions
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NRWT and Fund Payment Notice information - April 2022 distributions
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NRWT and Fund Payment Notice information - March 2022 distributions
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NRWT and Fund Payment Notice information - February 2022 distributions
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NRWT and Fund Payment Notice information - January 2022 distributions
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NRWT and Fund Payment Notice information - December 2021 distributions
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NRWT and Fund Payment Notice information - November 2021 distributions
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NRWT and Fund Payment Notice information - October 2021 distributions
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NRWT and Fund Payment Notice information - September 2021 distributions
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NRWT and Fund Payment Notice information - August 2021 distributions
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NRWT and Fund Payment Notice information - July 2021 distributions
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NRWT and Fund Payment Notice information - June 2021 distributions
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NRWT and Fund Payment Notice information - May 2021 distributions
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