Betashares Australian Bank Senior Floating Rate Bond ETF (ASX:QPON): Floating-Rate Bank Debt From 16 Issues

Sonal Goyal

13 October 2026 06:15 PM AEDT

Betashares Australian Bank Senior Floating Rate Bond ETF (ASX:QPON): Floating-Rate Bank Debt From 16 Issues

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Key Highlights

The fund holds 16 floating-rate senior bank bonds, with the top ten at 83.06%.
Australia accounts for 99.87% of the portfolio, and bonds for 98.74%.
The management fee is 0.22% and reported turnover is 44.32%.
The October 2026 distribution of $0.113 is higher than the $0.092 paid in June.

Betashares Australian Bank Senior Floating Rate Bond ETF (ASX:QPON) employs a passive management approach designed to track the performance of its index, using a full replication strategy. The fund was admitted to the ASX on 6 June 2017 and last traded at $26.24 on 13 October 2026. It reports a fund size of $2.37 billion.

Detail	Information
Ticker	ASX:QPON
Fund	Betashares Australian Bank Senior Floating Rate Bond ETF
Category	Diversified Credit
Benchmark	Solactive Aus Bank Sr Fltng Rt Bd TR AUD
Fund size	$2.37 billion
Management fee	0.22%
Total holdings	16
ASX admission date	6 June 2017

Concentration in major banks

The ten largest positions represent 83.06% of the fund. National Australia Bank holds two (10.21% and 9.45%), Westpac two (10.13% and 9.63%) and Commonwealth Bank of Australia two (10.04% and 9.15%). Australia and New Zealand Banking Group holds two at 7.42% and 7.00%.

Macquarie Bank accounts for 5.00% and Norfina for 4.99%. Reported turnover is 44.32%.

Asset allocation and geography

Bonds account for 98.74% of the fund and cash for 1.26%. Australia represents 99.87% of the portfolio, compared with 56.66% for the category, and no other country exceeds 0.06%.

The listed coupons range from 5.0642% to 5.2974%, reflecting the floating-rate nature of the holdings.

Fee, risk and distributions

The management fee is 0.22% a year. The fund reports a beta of 0.04 and a standard deviation of 0.43. QPON pays monthly, and the interim distribution of $0.113 per unit had an ex-date of 1 October 2026, a record date of 2 October and payment on 16 October, equal to an annual yield of 4.38%.

That is higher than the $0.112 paid in September, $0.107 in August and $0.092 in June, but lower than the $0.116 paid in July.

Category classification and liquidity

Morningstar places the fund in the Diversified Credit category, which covers funds investing primarily in Australian and/or global credit securities, typically with active credit selection aimed at higher returns than government bonds, where average credit quality is typically BBB or above and sub-investment grade and unrated issues are permitted.

Liquidity indicators add a further view. There are 90,403,471 units on issue, and average daily trading volume is 265,431 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 74,100 to 296,300 units, with 296,382 recorded on 13 October while the market was still open. The bid-offer range stood at $26.24 to $26.25, and the day range at $26.24 to $26.26. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged the Units on Issue Disclosure for September 2026 on 6 October, a DRP Issue Price and Final Distribution Announcement on 1 October, an Estimated Distribution Announcement on 29 September and the Annual Report on 25 September.

Closing Perspective

QPON holds only 16 bonds, all issued by banks, and the six largest positions come from three of the major banks. Its 0.22% fee and 44.32% turnover accompany monthly distributions that have varied between $0.092 and $0.116. These facts describe the fund and do not suggest outcomes.

FAQs

Q: What does Betashares Australian Bank Senior Floating Rate Bond ETF (ASX:QPON) invest in?

A:It invests in floating-rate senior bonds issued by Australian banks.

Q: How many holdings does ASX:QPON have?

A:The fund holds 16 securities.

Q: What is the management fee?

A:The management fee is 0.22% a year.

Q: How often are distributions paid?

A:Distributions are paid monthly, most recently $0.113 per unit on 16 October 2026.

Q: What strategy does the fund use?

A:It uses a passive full replication strategy.

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