• QPON tracks an index of Australian bank senior floating rate bonds using full replication.
  • The fund holds 16 securities and 99.87% of exposure is in Australia.
  • The top ten holdings account for 83.06% of the portfolio.
  • The management fee is 0.22% and fund size is $2.37 billion.

The Betashares Australian Bank Senior Floating Rate Bond ETF (ASX:QPON) tracks an index of senior floating rate bonds issued by Australian banks. It belongs to the Diversified Credit category and has been listed since 6 June 2017. The fund holds 16 securities. Its main details are shown in the table below.

Fund name

Betashares Australian Bank Senior Floating Rate Bond ETF

ASX code

QPON

Category

Diversified Credit

Benchmark

Solactive Aus Bank Sr Fltng Rt Bd TR AUD

Management fee

0.22%

Fund size

$2.37 billion

Last price (23 October 2026 session)

$26.28

Admitted to ASX

6 June 2017

What exposure does QPON offer?

QPON uses a passive approach designed to track the Solactive Australian Bank Senior Floating Rate Bond Index, generally investing in index securities in proportion to their index weights under a full replication strategy. The portfolio is concentrated in senior floating rate notes from the major Australian banks, namely National Australia Bank, Westpac, Commonwealth Bank, ANZ and Macquarie Bank, plus Norfina Ltd.

Portfolio composition

Reported asset allocation is bonds 98.74% and cash 1.26%. Australia accounts for 99.87% of reported geographic exposure. The fund reports 16 holdings, and the ten largest account for 83.06% of the portfolio. The leading positions include National Australia Bank Ltd. 5.1479% (10.21%), Westpac Banking Corp. 5.1179% (10.13%) and Commonwealth Bank of Australia 5.0642% (10.04%).

Fees, price and distributions

The management fee is 0.22%. Fund size is $2.37 billion, with 90,403,471 units outstanding. The last quoted price was $26.28 during the 23 October 2026 session. The latest distribution was $0.113 per unit, with an ex-date of 1 October 2026, a record date of 2 October 2026 and a payment date of 16 October 2026. An annual yield of 4.38% is shown for the fund. Distributions are made monthly.

Who QPON may suit

The fund may suit investors seeking floating rate exposure to Australian bank senior debt through a rules-based index product. The portfolio is concentrated, with the ten largest positions making up 83.06% of the fund and nearly all exposure located in Australia. The fund pays monthly distributions, with the latest at $0.113 per unit and an annual yield of 4.38% shown.

Final takeaways

QPON provides index-based access to senior floating rate bank bonds with a $2.37 billion fund size and a 0.22% management fee. The table and sections above summarise its structure, concentration and distribution timetable, with further notices available through the ASX announcements.