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Fund size
$1.74B
NOV 2026
Total cost ratio
0.22%
per year
Distributions
Monthly
Since inception
9.4 yrs
JUN 2017
In seeking to achieve the investment objective, the Responsible Entity will employ a passive management approach designed to track the performance of the Index. The Fund will generally seek to invest in securities that comprise the Index in proportion to the weightings of the securities in the Index. This is known as a “full replication” strategy. As far as practicable, the timing and nature of any changes to the composition of the Fund’s investments will generally correspond with the timing and nature of changes to the Index.
US equity 0.00%Non-US equity 0.00%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 0.00 | 0.00 | — |
| Bond | 98.79 | 98.79 | — |
| Cash | 1.21 | 1.21 | — |
| Other | 0.00 | 0.00 | — |
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| National Australia Bank Ltd. 5.2158% | 10.47 | — | 248.2M | AUD | 246.0M | — | Australia | |
| Westpac Banking Corp. 5.2328% | 10.01 | — | 237.3M | AUD | 234.4M | — | Australia | |
| Commonwealth Bank of Australia 5.2026% | 9.59 | — | 227.4M | AUD | 224.0M | — | Australia | |
| Westpac Banking Corp. 5.1858% | 9.55 | — | 226.3M | AUD | 224.5M | — | Australia | |
| Commonwealth Bank of Australia 5.1406% | 9.25 | — | 219.4M | AUD | 216.9M | — | Australia | |
| National Australia Bank Ltd. 5.2974% | 8.78 | — | 208.2M | AUD | 206.5M | — | Australia | |
| Australia & New Zealand Banking Group Ltd. 5.1542% | 7.86 | — | 186.4M | AUD | 185.5M | — | Australia | |
| Australia & New Zealand Banking Group Ltd. 5.2158% | 6.26 | — | 148.5M | AUD | 147.2M | — | Australia | |
| Norfina Ltd. 5.2085% | 4.94 | — | 117.1M | AUD | 116.8M | — | Australia | |
| Macquarie Bank Ltd. 5.2203% | 4.92 | — | 116.7M | AUD | 116.0M | — | Australia |
Fund (NAV) Market price
1M
1.5
3M
1.2
6M
0.3
YTD
9.9
1Y
12.7
3Y
9.2
5Y
3.0
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 1.45 | 1.44 | 1.47 | 11 / 133 |
| 3 months | 1.22 | 1.17 | 1.27 | 30 / 129 |
| 6 months | 0.33 | 0.35 | 0.44 | 37 / 128 |
| Year to date | 9.87 | 9.94 | 10.08 | 24 / 127 |
| 1 year | 12.66 | 12.49 | 12.91 | 26 / 120 |
| 3 years p.a. | 9.19 | 9.16 | 9.43 | 55 / 92 |
| 5 years p.a. | 2.95 | 2.94 | 3.18 | 37 / 78 |
Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Total Capital
2018
2.5
2019
2.5
2020
3.1
2021
-0.1
2022
-0.7
2023
8.6
2024
5.4
2025
6.1
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 6.10 | 0.56 | 71 / 117 |
| 2024 | 5.36 | 0.27 | 51 / 99 |
| 2023 | 8.63 | 1.35 | 89 / 103 |
| 2022 | -0.66 | -0.77 | 16 / 108 |
| 2021 | -0.13 | -1.15 | 75 / 106 |
| 2020 | 3.05 | 1.48 | 62 / 97 |
| 2019 | 2.52 | 1.38 | 75 / 90 |
| 2018 | 2.46 | -0.80 | 33 / 72 |
FY18
2.5
FY19
3.5
FY20
2.3
FY21
1.5
FY22
-1.2
FY23
4.6
FY24
5.9
FY25
5.4
FY26
5.2
| Financial year | Total % |
|---|---|
| Financial year to date | 1.49 |
| Year to 30 JUN 2026 | 5.18 |
| Year to 30 JUN 2025 | 5.42 |
| Year to 30 JUN 2024 | 5.85 |
| Year to 30 JUN 2023 | 4.59 |
| Year to 30 JUN 2022 | -1.16 |
| Year to 30 JUN 2021 | 1.47 |
| Year to 30 JUN 2020 | 2.27 |
| Year to 30 JUN 2019 | 3.52 |
| Year to 30 JUN 2018 | 2.54 |
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 0.69 | 1.16 | 0.92 | — |
| Beta | 0.03 | 0.01 | 0.04 | — |
| R-squared | 6.81 | 1.37 | 12.77 | — |
| Standard deviation | 10.43 | 9.27 | 10.31 | — |
| Sharpe ratio | 1.40 | 2.48 | 1.24 | — |
| Sortino ratio | 3.54 | 6.84 | 2.18 | — |
| Tracking error | 4.05 | 4.92 | 6.25 | — |
| Information ratio | 1.24 | -0.06 | 0.72 | — |
| Upside capture % | 57.92 | 39.72 | 33.97 | — |
| Downside capture % | -24.81 | -33.45 | -14.43 | — |
| Maximum drawdown % | — | — | -1.01 | — |
Measured against Bloomberg Gbl Agg Corp TR Hdg AUD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.
Risk score
1.8
Morningstar Portfolio Risk Score at 30 SEP 2026.
2024
1.2
2023
1.4
2022
1.0
2021
0.4
2020
0.2
2019
0.3
2018
0.6
2017
0.7
2016
0.3
| Year | Per unit ($) |
|---|---|
| 2024 | 1.1698 |
| 2023 | 1.4217 |
| 2022 | 1.0309 |
| 2021 | 0.4486 |
| 2020 | 0.2396 |
| 2019 | 0.2580 |
| 2018 | 0.5715 |
| 2017 | 0.6685 |
| 2016 | 0.2929 |
| Ex Date | Per unit ($) |
|---|---|
| 2 NOV 2026 | 0.1183 |
| 1 OCT 2026 | 0.1135 |
| 1 SEP 2026 | 0.1127 |
| 3 AUG 2026 | 0.1075 |
| 1 JUL 2026 | 0.1162 |
| 1 JUN 2026 | 0.0920 |
| 1 MAY 2026 | 0.0899 |
| 1 APR 2026 | 0.0958 |
| 2 MAR 2026 | 0.0790 |
| 2 FEB 2026 | 0.0847 |
| 2 JAN 2026 | 0.0930 |
| 1 DEC 2025 | 0.0793 |
Average
ESG risk score
17.65
0.02% of assets are in companies with high or severe controversies.
Carbon risk score
7.23
Category average 8.56
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
The QPON Floating Rate Bond ETF is an ASX-listed ETF that invests primarily in senior floating-rate bonds issued by major Australian banks, designed to provide regular income with relatively low interest-rate risk. The ETF pays monthly distributions and currently yields around ~4.2%, with income moving broadly in line with short-term interest rates.
This ETF invests in senior floating-rate bonds issued by Australian banks. A key feature is that if interest rates increase, so too does the income we receive from the floating-rate bonds. Because the underlying bonds have rates that adjust with the benchmark (rather than fixed), the capital-value risk from rate increases is greatly reduced compared with long-duration fixed-rate bonds.
This is the lower risk, lower return security that holds debt that sits one rung higher in the capital structure. Again, this is major bank debt that is floating in nature (rather than fixed). It’s returned 5.12% over the past 12-months, however, while subordinated bank debt will produce 5-6% returns, senior bonds are more like 4-5%.
MM is neutral towards the QPON ETF ~$26
MM believes the QPON is an excellent ETF for the current economic environment
MM likes the QPON ETF ~$26
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