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QUARTERQuarter
BalancedSector distribution curve

Bank Payouts

Financial-sector distributions reprice sharply after capital reviews. This basket concentrates the DEC 2026 leg of five large-cap banks, giving a single instrument for the sector distribution curve rather than five separate COUPON legs.

Indicative price
$96.44

per unit

Implied yield
3.18%

annualised

Next distribution
23 days

Sep 24, 2026

Cash-flow stability
84

Stability 78 / 100

Under composition
$1.62M

5 constituents

24h change
−0.42%

indicative

Constituents and weights

Basket constituents with weight, maturity, implied yield and contribution to basket yield.
ConstituentWeightMaturityImplied yieldContribution
JPM
JPMorgan Chase & Co.
26.0%DEC 262.86%0.74%
BAC
Bank of America Corporation
22.0%DEC 263.28%0.72%
GS
The Goldman Sachs Group, Inc.
16.0%DEC 262.94%0.47%
MS
Morgan Stanley
18.0%DEC 263.56%0.64%
WFC
Wells Fargo & Company
18.0%DEC 263.34%0.60%
Weighted basket yield3.18%

Constituents with a listed COUPON strip link to their market terminal. Names without a listed strip are held through the composition only.

Distribution history

Distribution per unit over the trailing eight quarters.

$0.00$0.20$0.40$0.60$0.80$1.00Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26Q3 26
Expected next distribution$0.72 – $0.84

Distribution schedule

Expected distributions from Sep 1, 2026 forward.

  1. Q3 26
    Sep 24, 2026
    $0.77 per unit
  2. Q4 26
    Dec 24, 2026
    $0.77 per unit
  3. Q1 27
    Mar 24, 2027
    $0.77 per unit
  4. Q2 27
    Jun 24, 2027
    $0.77 per unit

Amounts are expectations derived from declared and implied constituent distributions. Actual settlement uses the verified normalized amount.

How this basket behaves

Composition risk

Constituent distributions reprice after periodic capital reviews, which can move the basket yield in steps.

Settlement

Each constituent claim settles against its own verified normalized amount. The basket distributes the aggregate to unit holders on the payment date.

Corporate actions

Splits rescale constituent quantities without changing composition value. A held oracle delays that constituent's settlement, not the whole basket.

Liquidity

Units are created and redeemed against the composition. Redemption at short notice can price below the indicative unit value in thin conditions.