Fixed income
QPON
Betashares Australian Bank Senior Floating Rate Bond ETF · Betashares
Senior floating-rate bonds issued by Australia's banks — mostly the big four, plus a few other major banks — high-quality bank debt that pays interest which moves up and down with market rates, rather than company shares.
What the fee costs you
The management fee is 0.22% a year. Here’s what that works out to in dollars:
A 0.22% yearly fee works out to about $22 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- Betashares
- Asset class
- Fixed income
- Number of holdings
- ~12
- Where it invests
- 100% Australia.
- Income paid
- Monthly
- Currency hedged
- N/A — It holds Australian-dollar bonds, so there's no foreign-currency exposure to hedge.
Its character
A defensive, cash-like holding rather than a growth one. Because its bonds pay floating-rate coupons that reset as interest rates change, its price is far less sensitive to rate moves than a fixed-rate bond fund — when rates rise, the income it pays tends to rise too. It lends to high-quality Australian banks (senior debt, which ranks ahead of many other claims), so credit risk is low.
What to keep in mind
Its main risks are credit and interest rates, not the share market — but its floating-rate structure means rate moves affect it much less than a fixed-rate bond fund, so its price has historically been quite stable. Credit risk is low because it lends to high-quality Australian banks via senior bonds, though it isn't risk-free and is concentrated in the banking sector.
Income
Income is paid as interest (not franked dividends), passed on as monthly distributions; because the coupons float, the income rises and falls with market interest rates.
Figures last verified 2026-06-22against the issuer’s factsheet and PDS.