Betashares Australian Bank Senior Floating Rate Bond ETF

The Betashares Australian Bank Senior Floating Rate Bond ETF, with the ticker QPON, invests in senior floating rate bonds issued by major Australian banks. These bonds are a type of debt security that pays interest at a rate that can change over time, typically linked to a benchmark interest rate. The ETF aims to provide investors with regular income while managing interest rate risk, as the floating rate nature of the bonds means their interest payments can adjust with market rates. With a management fee of 0.22%, QPON offers a way to gain exposure to the Australian banking sector's debt market, focusing on stability and income generation.