Australian Financials Sector ETF

QFN

Gain exposure to the biggest companies in Australia’s financials sector

Invest with us

Overview

Fund objective

QFN aims to track the performance of an index (before fees and expenses) comprising the largest ASX-listed companies in the financial sector, including the ‘Big 4’ banks and insurance companies but excluding Real Estate Investment Trusts.

Benefits of QFN

  • Diversified exposure to financials

    Access to all of Australia’s biggest financial companies (ex A-REITs) in one trade on the ASX – no need to pick single bank stocks.

  • Attractive, tax-effective income

    The financials sector has typically paid high, franked income relative to other market sectors. Distributions are paid by the Fund semi-annually.

  • Tactical exposure

    QFN provides a simple, cost-effective way of taking an investment position in the Australian financials sector.

There are risks associated with an investment in QFN, including market risk, security specific risk and sector concentration risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.

 

How to invest

  • You can buy or sell units just like you’d buy or sell any share on the ASX.
  • Fund requires no minimum investment.

Key facts

Pricing information

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)
ASX iNav code YQFN

* Data is delayed by at least 20 minutes.

NAV
NAV/Unit* $14.51

* As at 11 July 2024

Profile

Net assets* ($A) $60,173,553
Units outstanding* (#) 4,146,835
Management fee and cost** (p.a.) 0.34%
Distribution frequency Semi-annual
Distribution reinvestment plan (DRP) Full participation available
Issuer Betashares Capital Ltd
Registry Link Market Services

* As at 11 July 2024

**Certain additional costs apply. Please refer to PDS.

Trading information

ASX code QFN
Bloomberg code QFN AU
IRESS code QFN.AXW
iNAV IRESS code YQFN.AXW
Market makers BNP Paribas Financial Markets SNC

Index information

Index Solactive Australia Financials Ex-REITs Sector
Index provider Solactive
Index ticker N/A
Bloomberg index ticker SOLAUFNG Index

Holdings & allocation

Portfolio holdings

Name Weight (%)
COMMONWEALTH BANK OF AUSTRALIA 29.7%
NATIONAL AUSTRALIA BANK LTD 15.3%
WESTPAC BANKING CORP 13.1%
ANZ GROUP HOLDINGS LTD 12.1%
MACQUARIE GROUP LTD 10.5%
QBE INSURANCE GROUP LTD 3.6%
SUNCORP GROUP LTD 3.0%
INSURANCE AUSTRALIA GROUP LTD 2.3%
ASX LTD 1.7%
MEDIBANK PVT LTD 1.4%

* As at 11 July 2024. Excludes cash

Sector allocation

Diversified Banks
70.3%
Diversified Capital Markets
10.7%
Property & Casualty Insurance
9.0%
Life & Health Insurance
1.9%
Asset Management & Custody Banks
1.6%
Financial Exchanges & Data
1.6%
Regional Banks
1.4%
Insurance Brokers
1.3%
Coal & Consumable Fuels
1.0%
Other
1.0%

* As of 28 June 2024

Performance

Fund returns after fees (%)

  Fund Index
1 month 5.08% 5.13%
3 months 4.22% 4.33%
6 months 16.65% 16.89%
1 year 28.92% 29.45%
3 year p.a. 10.20% 10.61%
5 year p.a. 7.97% 8.36%
10 year p.a. 6.51% 6.92%
Since inception (p.a.) 8.88% 9.34%
Inception date 10-Dec-10 -

* As at 28 June 2024Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency Semi-annual
12 mth distribution yield* 2.7%
12 mth gross distribution yield* 3.7%
Franking level 88.1%

*As at 28 June 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Franking level is total franking level over the last 12 months. Past performance is not indicative of future performance.

You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Jul-24 2-Jul-24 16-Jul-24 $0.14854 4.05%
2-Jan-24 3-Jan-24 17-Jan-24 $0.298513 3.91%
3-Jul-23 4-Jul-23 18-Jul-23 $0.094115 4.32%
3-Jan-23 4-Jan-23 18-Jan-23 $0.324979 3.68%
1-Jul-22 4-Jul-22 18-Jul-22 $0.120398 2.98%
4-Jan-22 5-Jan-22 19-Jan-22 $0.31105 2.34%
1-Jul-21 2-Jul-21 16-Jul-21 $0.084533 1.65%
4-Jan-21 5-Jan-21 19-Jan-21 $0.117186 0.06%
1-Jul-20 2-Jul-20 16-Jul-20 $0.005226 4.00%
2-Jan-20 3-Jan-20 17-Jan-20 $0.517965 4.18%
1-Jul-19 2-Jul-19 16-Jul-19 $0.06015 5.07%
2-Jan-19 3-Jan-19 17-Jan-19 $0.330064 3.65%
2-Jul-18 3-Jul-18 17-Jul-18 $0.154008 3.84%
2-Jan-18 3-Jan-18 17-Jan-18 $0.32308 5.19%
3-Jul-17 4-Jul-17 18-Jul-17 $0.129613 5.93%
3-Jan-17 4-Jan-17 18-Jan-17 $0.465486 4.60%
1-Jul-16 4-Jul-16 18-Jul-16 $0.115393 3.84%
4-Jan-16 6-Jan-16 19-Jan-16 $0.378071 4.46%
1-Jul-15 3-Jul-15 20-Jul-15 $0.122052 4.36%
2-Jan-15 6-Jan-15 19-Jan-15 $0.38561 0.85%
1-Jul-14 3-Jul-14 16-Jul-14 $0.08822 5.63%
14-Nov-13 18-Nov-13 16-Jan-14 $0.431521 -
1-Jul-13 3-Jul-13 16-Jul-13 $0.080443 7.47%
10-Dec-12 12-Dec-12 17-Jan-13 $0.380981 -
2-Jul-12 4-Jul-12 18-Jul-12 $0.083148 -
3-Jan-12 5-Jan-12 24-Jan-12 $0.425578 -
1-Jul-11 5-Jul-11 21-Jul-11 $0.075864 -

1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.

Announcements

ASX announcements: QFN

Showing - of