Cameron Gleeson

Q-P-O-N.

Yep, yep.

Q-P-O-N, yeah, that's right.

I always go to the acronym that doesn't spell it out, but that's right.

So this is exposure to essentially, you know, the most liquid part of credit, senior bonds issued by our banks.

It's predominantly our big four banks.

It's designed to be really high quality, really liquid, really capital stable, and just give you a pickup over the cash rate.

So it's generating around about 5% in terms of a yield at the moment.

So that's a really nice pickup, I think, and it's a good starting point because we are also mindful of protecting our wealth.

And the fact that you are at the stage of life where if you have sequencing, you know, risk issues, you erode your capital, you don't have time to build that back up through.

Yeah, that's right.

Yeah, you want to make sure that you don't put all your eggs in one basket and blow up that capital when you were sitting quite pretty because you're in a good position, right?

So coupon, that's an allocation there.

And the other one I've got within the credit income space or fixed income space is eCRED.

Okay.

So E-C-R-D.

That's right.

That's right.

And again, look, this is a fund that –

provides diversified exposure to different issuers of bonds in the Australian market.