Australian Bank Senior Floating Rate Bond ETF
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
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.
Invest in QPON with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 59,799,793 |
|---|---|
| Management fee and cost** (p.a.) | 0.22% |
| Distribution frequency | Monthly |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Issuer | Betashares Capital Ltd |
| Registry | Link Market Services |
* As at 19 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 19 December 2024 |
| NAV/Unit* | $26.01 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | QPON |
|---|---|
| Bloomberg code | QPON AU |
| IRESS code | QPON.AXW |
| Market makers | Susquehanna Pacific |
Index information
| Index | Solactive Australian Bank Senior Floating Rate Bond Index |
|---|---|
| Index provider | Solactive AG |
| Index ticker | N/A |
| Bloomberg index ticker | SOLAUSFR Index |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 0.33% | 0.33% |
| 3 months | 1.31% | 1.33% |
| 6 months | 2.72% | 2.83% |
| 1 year | 5.95% | 6.09% |
| 3 year p.a. | 3.94% | 4.00% |
| 5 year p.a. | 2.83% | 2.96% |
| 10 year p.a. | - | 3.14% |
| Since inception (p.a.) | 2.89% | 3.03% |
| Inception date | 1-Jun-17 | - |
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.
Portfolio characteristics
| Running yield (% p.a.) | 5.32 |
|---|---|
| All-in yield (% p.a.) | 5.27 |
| Estimated yield to maturity (% p.a.) | 4.78 |
| Discount margin (bps) | 80.59 |
| Average maturity (yrs) | 4.26 |
| Modified duration (yrs) | 0.16 |
| Spread duration (yrs) | 3.75 |
| Average credit rating | AA- |
* As at 20 December 2024
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| COMMONWEALTH BANK OF AUSTRALIA FRN AUG-29 | 10.8 |
| NATIONAL AUSTRALIA BANK LTD FRN NOV-29 | 10.4 |
| WESTPAC BANKING CORP FRN MAY-29 | 9.9 |
| WESTPAC BANKING CORP FRN SEP-29 | 9.8 |
| NATIONAL AUSTRALIA BANK LTD FRN MAR-29 | 9.7 |
| AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 5.3706% FEB-29 | 9.4 |
| AUSTRALIA & NEW ZEALAND BANKING GROUP LTD FRN JUN-29 | 9.3 |
| COMMONWEALTH BANK OF AUSTRALIA FRN AUG-28 | 9.3 |
| NORFINA LTD FRN SEP-29 | 5.0 |
| BENDIGO & ADELAIDE BANK LTD FRN OCT-28 | 4.9 |
Sector allocation
| Australian Senior Bank FRNs | 100.0% |
|---|
* As of 29 November 2024
Distributions
Frequency and yield
| Distribution frequency | Monthly |
|---|---|
| 12 mth distribution yield* | 5.5% |
*As at 29 November 2024. 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.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 2-Dec-24 | 3-Dec-24 | 17-Dec-24 | $0.101289 | 5.64% |
| 1-Nov-24 | 4-Nov-24 | 18-Nov-24 | $0.108173 | 5.64% |
| 1-Oct-24 | 2-Oct-24 | 16-Oct-24 | $0.107969 | 5.62% |
| 2-Sep-24 | 3-Sep-24 | 17-Sep-24 | $0.104582 | 5.57% |
| 1-Aug-24 | 2-Aug-24 | 16-Aug-24 | $0.11487 | 5.57% |
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.160368 | 5.48% |
| 3-Jun-24 | 4-Jun-24 | 19-Jun-24 | $0.160711 | 5.16% |
| 1-May-24 | 2-May-24 | 16-May-24 | $0.137831 | 4.87% |
| 2-Apr-24 | 3-Apr-24 | 17-Apr-24 | $0.109138 | 4.62% |
| 1-Mar-24 | 4-Mar-24 | 18-Mar-24 | $0.101018 | 4.50% |
| 1-Feb-24 | 2-Feb-24 | 16-Feb-24 | $0.114993 | 4.37% |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.100783 | 4.23% |
| 1-Dec-23 | 4-Dec-23 | 18-Dec-23 | $0.099002 | 4.12% |
| 1-Nov-23 | 2-Nov-23 | 16-Nov-23 | $0.105664 | 4.03% |
| 2-Oct-23 | 3-Oct-23 | 17-Oct-23 | $0.095833 | 3.90% |
| 1-Sep-23 | 4-Sep-23 | 18-Sep-23 | $0.102499 | 3.76% |
| 1-Aug-23 | 2-Aug-23 | 16-Aug-23 | $0.091656 | 3.59% |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | $0.078325 | 3.42% |
| 1-Jun-23 | 2-Jun-23 | 19-Jun-23 | $0.086142 | 3.28% |
| 1-May-23 | 2-May-23 | 16-May-23 | $0.073002 | 2.99% |
| 3-Apr-23 | 4-Apr-23 | 20-Apr-23 | $0.080574 | 2.74% |
| 1-Mar-23 | 2-Mar-23 | 16-Mar-23 | $0.068005 | 2.46% |
| 1-Feb-23 | 2-Feb-23 | 16-Feb-23 | $0.077536 | 2.24% |
| 3-Jan-23 | 4-Jan-23 | 18-Jan-23 | $0.072606 | 1.98% |
| 1-Dec-22 | 2-Dec-22 | 16-Dec-22 | $0.072576 | 1.75% |
| 1-Nov-22 | 2-Nov-22 | 16-Nov-22 | $0.074855 | 1.52% |
| 3-Oct-22 | 4-Oct-22 | 18-Oct-22 | $0.062309 | 1.28% |
| 1-Sep-22 | 2-Sep-22 | 16-Sep-22 | $0.057282 | 1.09% |
| 1-Aug-22 | 2-Aug-22 | 16-Aug-22 | $0.050287 | 0.93% |
| 1-Jul-22 | 4-Jul-22 | 18-Jul-22 | $0.045483 | 0.77% |
| 1-Jun-22 | 2-Jun-22 | 17-Jun-22 | $0.015943 | 0.77% |
| 2-May-22 | 3-May-22 | 17-May-22 | $0.013915 | 0.81% |
| 1-Apr-22 | 4-Apr-22 | 20-Apr-22 | $0.014313 | 0.86% |
| 1-Mar-22 | 2-Mar-22 | 16-Mar-22 | $0.01312 | 0.88% |
| 1-Feb-22 | 2-Feb-22 | 16-Feb-22 | $0.014204 | 0.90% |
| 4-Jan-22 | 5-Jan-22 | 19-Jan-22 | $0.014333 | 0.90% |
| 1-Dec-21 | 2-Dec-21 | 16-Dec-21 | $0.015179 | 0.91% |
| 1-Nov-21 | 2-Nov-21 | 16-Nov-21 | $0.014863 | 0.86% |
| 1-Oct-21 | 4-Oct-21 | 18-Oct-21 | $0.014864 | 0.80% |
| 1-Sep-21 | 2-Sep-21 | 16-Sep-21 | $0.015088 | 0.79% |
| 2-Aug-21 | 3-Aug-21 | 17-Aug-21 | $0.011385 | 0.79% |
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $0.043962 | 0.80% |
| 1-Jun-21 | 2-Jun-21 | 17-Jun-21 | $0.027143 | 0.68% |
| 3-May-21 | 4-May-21 | 18-May-21 | $0.027398 | 0.64% |
| 1-Apr-21 | 6-Apr-21 | 20-Apr-21 | $0.019449 | 0.58% |
| 1-Mar-21 | 2-Mar-21 | 16-Mar-21 | $0.017296 | 0.56% |
| 1-Feb-21 | 2-Feb-21 | 16-Feb-21 | $0.015781 | 0.58% |
| 4-Jan-21 | 5-Jan-21 | 19-Jan-21 | $0.017201 | 0.64% |
| 1-Dec-20 | 2-Dec-20 | 16-Dec-20 | $0.011563 | 1.02% |
| 2-Nov-20 | 3-Nov-20 | 17-Nov-20 | $0.012632 | 1.12% |
| 1-Oct-20 | 2-Oct-20 | 16-Oct-20 | $0.014116 | 1.23% |
| 1-Sep-20 | 2-Sep-20 | 16-Sep-20 | $0.014478 | 1.33% |
| 3-Aug-20 | 4-Aug-20 | 18-Aug-20 | $0.015247 | 1.42% |
| 1-Jul-20 | 2-Jul-20 | 16-Jul-20 | $0.012379 | 1.55% |
| 1-Jun-20 | 2-Jun-20 | 17-Jun-20 | $0.013393 | 1.65% |
| 1-May-20 | 4-May-20 | 18-May-20 | $0.019458 | 1.79% |
| 1-Apr-20 | 2-Apr-20 | 20-Apr-20 | $0.030667 | 1.89% |
| 2-Mar-20 | 3-Mar-20 | 17-Mar-20 | $0.035045 | 2.03% |
| 3-Feb-20 | 4-Feb-20 | 18-Feb-20 | $0.04046 | 2.11% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.038575 | 2.20% |
| 2-Dec-19 | 3-Dec-19 | 17-Dec-19 | $0.037269 | 2.28% |
| 1-Nov-19 | 4-Nov-19 | 18-Nov-19 | $0.039537 | 2.35% |
| 1-Oct-19 | 2-Oct-19 | 16-Oct-19 | $0.041311 | 2.43% |
| 2-Sep-19 | 3-Sep-19 | 17-Sep-19 | $0.036141 | 2.47% |
| 1-Aug-19 | 2-Aug-19 | 16-Aug-19 | $0.047689 | 2.83% |
| 1-Jul-19 | 2-Jul-19 | 16-Jul-19 | $0.040359 | 2.83% |
| 3-Jun-19 | 4-Jun-19 | 19-Jun-19 | $0.048979 | 2.91% |
| 1-May-19 | 2-May-19 | 16-May-19 | $0.051484 | 2.95% |
| 1-Apr-19 | 2-Apr-19 | 16-Apr-19 | $0.054249 | 2.94% |
| 1-Mar-19 | 4-Mar-19 | 18-Mar-19 | $0.052583 | 2.93% |
| 1-Feb-19 | 4-Feb-19 | 18-Feb-19 | $0.0615 | 2.92% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.060376 | 2.88% |
| 3-Dec-18 | 4-Dec-18 | 18-Dec-18 | $0.054914 | 2.84% |
| 1-Nov-18 | 2-Nov-18 | 16-Nov-18 | $0.059417 | 2.83% |
| 1-Oct-18 | 2-Oct-18 | 16-Oct-18 | $0.050519 | 2.78% |
| 3-Sep-18 | 4-Sep-18 | 18-Sep-18 | $0.057428 | 2.78% |
| 1-Aug-18 | 2-Aug-18 | 16-Aug-18 | $0.060762 | - |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.053661 | 2.50% |
| 1-Jun-18 | 4-Jun-18 | 19-Jun-18 | $0.060338 | 2.49% |
| 1-May-18 | 2-May-18 | 16-May-18 | $0.057797 | - |
| 3-Apr-18 | 4-Apr-18 | 18-Apr-18 | $0.054943 | - |
| 1-Mar-18 | 2-Mar-18 | 16-Mar-18 | $0.053472 | - |
| 1-Feb-18 | 2-Feb-18 | 16-Feb-18 | $0.054014 | - |
| 2-Jan-18 | 3-Jan-18 | 17-Jan-18 | $0.051443 | - |
| 1-Dec-17 | 4-Dec-17 | 18-Dec-17 | $0.0486 | - |
| 1-Nov-17 | 2-Nov-17 | 16-Nov-17 | $0.050217 | - |
| 2-Oct-17 | 3-Oct-17 | 17-Oct-17 | $0.046803 | - |
| 1-Sep-17 | 4-Sep-17 | 18-Sep-17 | $0.049649 | - |
| 1-Aug-17 | 2-Aug-17 | 16-Aug-17 | $0.049735 | - |
| 3-Jul-17 | 4-Jul-17 | 18-Jul-17 | $0.047856 | - |
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.
Announcements
ASX Announcements: QPON
Payment notice information
NRWT & fund payments
| Document | Date |
|---|---|
| 2024-11 | |
| 2024-10 | |
| 2024-09 | |
| 2024-08 | |
| 2024-07 | |
| 2024-06 | |
| 2024-05 | |
| 2024-04 | |
| 2024-03 | |
| 2024-02 | |
| 2024-01 |