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QPON

Fixed Income

Australian Bank Senior Floating Rate Bond ETF

About this ETF

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.

IssuerBetaShares
Management fee (MER)0.22% p.a.
Inception date1 Jun 2017

Scout Score

46/100
Ranked #33 of 58 in Fixed Income

An independent score calculated by ETF Scout across 7 real-data factors (cost, diversification, tracking, liquidity, fund strength, performance, income), ranked against other funds in the same category.

Cost56
Diversification16
Tracking15
Liquidity89
Fund Strength82
Performance—
Income63

Strengths

  • Highly liquid — 0.04% bid/ask spread, better than 89% of Fixed Income peers.
  • Large, established fund — $2.4B in assets, bigger than 82% of Fixed Income funds.

Weaknesses

  • Wider index tracking — 3.75% tracking error, looser than 85% of Fixed Income peers.
  • Concentrated holdings — top holdings make up 80.2% of the fund, more concentrated than 84% of Fixed Income peers.

Performance (as of 6 Nov 2026)

Total returns, net of fees. Periods longer than 1 year are annualised.

1 Month+0.33%
3 Months+1.05%
YTD+4.16%
1 Year+4.84%
3 Years (p.a.)+5.42%
5 Years (p.a.)+4.31%

Price history

Cumulative return over the selected period, indexed to 0% at the start of the range.

-3%-1%+0%+1%+3%2021-112023-022024-052025-082026-11

Top holdings (as of 4 Nov 2026)

The fund's largest individual holdings, ranked by portfolio weight.

  1. 1.National Australia Bank Ltd Frn May-3110.13%
  2. 2.Westpac Banking Corp Frn Oct-309.78%
  3. 3.Commonwealth Bank of Australia Frn Jul-319.26%
  4. 4.Westpac Banking Corp Frn Feb-319.19%
  5. 5.Commonwealth Bank of Australia Frn Jan-319.11%
  6. 6.National Australia Bank Ltd Frn Mar-308.34%
  7. 7.Australia & New Zealand Banking Group Ltd Frn Aug-318.31%
  8. 8.Australia & New Zealand Banking Group Ltd Frn May-316.27%
  9. 9.Macquarie Bank Ltd Frn Aug-314.92%
  10. 10.Norfina Ltd Frn Jun-314.89%
  11. 11.Bendigo & Adelaide Bank Ltd Frn Apr-294.19%
  12. 12.Australia & New Zealand Banking Group Ltd Frn Feb-304.02%
  13. 13.Bank of Queensland Ltd 5.7828% Apr-29 logoBank of Queensland Ltd 5.7828% Apr-292.64%
  14. 14.Bank of Queensland Ltd Frn Oct-292.00%
  15. 15.Commonwealth Bank of Australia Frn Aug-301.47%
  16. 16.Betashares Australian Cash Plus Fund1.40%
  17. 17.National Australia Bank Ltd Frn Nov-291.38%
  18. 18.Westpac Banking Corp Frn Jun-301.05%
  19. 19.Bendigo & Adelaide Bank Ltd Frn Oct-280.91%
  20. 20.AUD - Australia Dollar0.74%