BetaShares - Australian Bank Senior Floating Rate Bond ETF
public_traded
BetaShares - Australian Bank Senior Floating Rate Bond ETF is publicly traded on ASX under ticker QPON.AX.
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.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.