Australian Bank Senior Floating Rate Bond ETF
- Cash & Fixed income
Attractive income from floating rate bonds issued by Australian banks
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.
Eligible bonds must have amounts outstanding of at least $500 million and a term to maturity of between 1 to 5 years, with up to 80% of the portfolio allocated to bonds issued by the ‘big 4’ Australian banks (equal weighted) and up to 20% of the portfolio allocated to other major Australian banks.
Benefits of QPON
Regular, attractive income
Income paid monthly, and expected to exceed the income paid on cash and short-dated term deposits. If interest rates increase, so too does the income you receive and vice versa.
Australian bank senior floating rate bonds historically have had a high level of capital stability, and limited capital variability in equity market declines.
Floating rate bonds have historically exhibited low correlation to equities, as well as defensive characteristics during market declines.
There are risks associated with an investment in QPON, including interest rate risk, credit risk, bank sector risk and market risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
How to Invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.
|% Change (prev day)|
* Data is delayed by at least 20 minutes.
* As at 7 December 2023
|Net assets* ($A)||$1,281,560,318|
|Units outstanding* (#)||49,510,840|
|Management fee and cost** (p.a.)||0.22%|
|Distribution reinvestment plan (DRP)||Full or partial participation available|
|Issuer||Betashares Capital Ltd|
|Registry||Link Market Services|
* As at 7 December 2023**Certain additional costs apply. Please refer to PDS.
|Bloomberg code||QPON AU|
|Market makers||Susquehanna Pacific|
|Index||Solactive Australian Bank Senior Floating Rate Bond Index|
|Index provider||Solactive AG|
|Bloomberg index ticker||SOLAUSFR Index|
|Running yield (% p.a.)||5.30|
|All-in yield (% p.a.)||5.29|
|Estimated yield to maturity (% p.a.)||5.00|
|Discount margin (bps)||94.27|
|Average maturity (yrs)||4.25|
|Modified duration (yrs)||0.13|
|Spread duration (yrs)||3.73|
|Average credit rating||AA-|
Holdings & allocation
|AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN SEP-28||10.3%|
|NATIONAL AUSTRALIA BANK LTD FRN NOV-28||10.0%|
|WESTPAC BANKING CORP FRN SEP-28||10.0%|
|WESTPAC BANKING CORP FRN FEB-28||10.0%|
|COMMONWEALTH BANK OF AUSTRALIA FRN AUG-28||9.9%|
|COMMONWEALTH BANK OF AUSTRALIA FRN JAN-28||9.9%|
|NATIONAL AUSTRALIA BANK LTD FRN MAY-28||9.9%|
|AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN MAR-28||9.7%|
|BANK OF QUEENSLAND LTD FRN JAN-27||5.4%|
|MACQUARIE BANK LTD FRN SEP-26||5.3%|
* As at 7 December 2023. Excludes cash
|Australian Senior Bank FRNs||100.0%|
* As of 31 October 2023
Fund returns after fees (%)
|3 year p.a.||1.82%||1.91%|
|5 year p.a.||2.34%||2.48%|
|10 year p.a.||-||2.94%|
* As at 30 November 2023.
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.
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
|12 mth distribution yield*||3.8%|
*As at 31 October 2023. 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. Past performance is not indicative of future performance.
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
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.