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BetaShares Australian Financials Sector ETF
In one trade, get diversified exposure to the biggest companies in Australia’s financial sector.
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.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 24 July 2021
| Current Price | |
|---|---|
| Last Trade* | - |
| % Change (prev day) | - |
| Bid (delayed) | - |
| Offer (delayed) | - |
| ASX iNav Code | YQFN |
* Data is delayed by at least 20 minutes.
Download NAV history
| NAV | |
|---|---|
| NAV/Unit* | $11.83 |
* As at 22 July 2021
Profile
| Net Assets* ($A) | $56,786,153 |
| Units Outstanding* (#) | 4,801,822 |
| Mgmt Costs** (% p.a.) | 0.34% |
| Distribution Frequency | Semi-annual |
| Distribution Reinvestment Plan (DRP) | Full participation available |
| Issuer | BetaShares Capital Ltd |
| Fund Administrator | RBC Investor Services |
| Custodian | RBC Investor Services |
| Registry | Link Market Services |
| Auditor | KPMG |
* As at 22 July 2021
**Certain additional costs apply. Please refer to PDS.
Trading Information
| ASX Code | QFN |
| Bloomberg Code | QFN AU |
| IRESS Code | QFN.AXW |
| Trading Hours | 10.00-16.00 (AEST) |
| iNAV IRESS Code | YQFN.AXW |
Index Information
| Index | Solactive Australia Financials Ex-REITs Sector |
| Index Provider | Solactive |
| Index Ticker | N/A |
| Bloomberg Index Ticker | SOLAUFNG Index |
Index Methodology
Portfolio Holdings
| Name | Weight (%) |
|---|---|
| COMMONWEALTH BANK OF AUSTRALIA | 28.8 |
| WESTPAC BANKING CORP | 14.9 |
| NATIONAL AUSTRALIA BANK LTD | 14.0 |
| AUSTRALIA & NEW ZEALAND BANKIN | 13.0 |
| MACQUARIE GROUP LTD | 8.8 |
| QBE INSURANCE GROUP LTD | 2.6 |
| ASX LTD | 2.4 |
| SUNCORP GROUP LTD | 2.4 |
| INSURANCE AUSTRALIA GROUP LTD | 2.0 |
| MEDIBANK PVT LTD | 1.5 |
| Ticker | Name | Weight (%) | Asset Class | Sector | Country | Currency | Shares/Unit (#) | Market Value (AUD) | Notional Value (AUD) |
|---|---|---|---|---|---|---|---|---|---|
| CBA AT | COMMONWEALTH BANK OF AUSTRALIA | 28.8 | Equities | Financials | Australia | AUD | 163,936 | $16,373,928 | $16,373,928 |
| WBC AT | WESTPAC BANKING CORP | 14.9 | Equities | Financials | Australia | AUD | 339,512 | $8,464,034 | $8,464,034 |
| NAB AT | NATIONAL AUSTRALIA BANK LTD | 14.0 | Equities | Financials | Australia | AUD | 305,110 | $7,945,064 | $7,945,064 |
| ANZ AT | AUSTRALIA & NEW ZEALAND BANKIN | 13.0 | Equities | Financials | Australia | AUD | 263,167 | $7,368,676 | $7,368,676 |
| MQG AT | MACQUARIE GROUP LTD | 8.8 | Equities | Financials | Australia | AUD | 31,753 | $5,000,145 | $5,000,145 |
| QBE AT | QBE INSURANCE GROUP LTD | 2.6 | Equities | Financials | Australia | AUD | 136,131 | $1,460,686 | $1,460,686 |
| ASX AT | ASX LTD | 2.4 | Equities | Financials | Australia | AUD | 17,711 | $1,369,592 | $1,369,592 |
| SUN AT | SUNCORP GROUP LTD | 2.4 | Equities | Financials | Australia | AUD | 118,800 | $1,361,448 | $1,361,448 |
| IAG AT | INSURANCE AUSTRALIA GROUP LTD | 2.0 | Equities | Financials | Australia | AUD | 228,377 | $1,109,912 | $1,109,912 |
| MPL AT | MEDIBANK PVT LTD | 1.5 | Equities | Financials | Australia | AUD | 253,785 | $840,028 | $840,028 |
| MFG AT | MAGELLAN FINANCIAL GROUP LTD | 1.1 | Equities | Financials | Australia | AUD | 12,104 | $649,985 | $649,985 |
| BOQ AT | BANK OF QUEENSLAND LTD | 0.9 | Equities | Financials | Australia | AUD | 58,748 | $524,620 | $524,620 |
| BEN AT | BENDIGO & ADELAIDE BANK LTD | 0.9 | Equities | Financials | Australia | AUD | 50,274 | $517,822 | $517,822 |
| SDF AT | STEADFAST GROUP LTD | 0.6 | Equities | Financials | Australia | AUD | 76,002 | $340,489 | $340,489 |
| AMP AT | AMP LTD | 0.6 | Equities | Financials | Australia | AUD | 301,731 | $327,378 | $327,378 |
| CGF AT | CHALLENGER LTD | 0.5 | Equities | Financials | Australia | AUD | 52,816 | $307,389 | $307,389 |
| VUK AT | VIRGIN MONEY UK PLC | 0.5 | Equities | Financials | Australia | AUD | 85,046 | $298,511 | $298,511 |
| NHF AT | NIB HOLDINGS LTD/AUSTRALIA | 0.5 | Equities | Financials | Australia | AUD | 41,702 | $298,169 | $298,169 |
| Z1P AT | ZIP CO LTD | 0.5 | Equities | Financials | Australia | AUD | 40,821 | $285,339 | $285,339 |
| PDL AT | PENDAL GROUP LTD | 0.4 | Equities | Financials | Australia | AUD | 30,500 | $245,220 | $245,220 |
| IFL AT | IOOF HOLDINGS LTD | 0.4 | Equities | Financials | Australia | AUD | 56,147 | $244,239 | $244,239 |
| PPT AT | PERPETUAL LTD | 0.3 | Equities | Financials | Australia | AUD | 5,065 | $194,800 | $194,800 |
| JHG AT | JANUS HENDERSON GROUP PLC | 0.3 | Equities | Financials | Australia | AUD | 3,035 | $166,925 | $166,925 |
| CCP AT | CREDIT CORP GROUP LTD | 0.3 | Equities | Financials | Australia | AUD | 5,661 | $160,150 | $160,150 |
| AUB AT | AUB GROUP LTD | 0.3 | Equities | Financials | Australia | AUD | 6,825 | $151,583 | $151,583 |
| NWL AT | NETWEALTH GROUP LTD | 0.3 | Equities | Financials | Australia | AUD | 8,896 | $144,204 | $144,204 |
| HUB AT | HUB24 LTD | 0.2 | Equities | Financials | Australia | AUD | 4,986 | $123,204 | $123,204 |
| PTM AT | PLATINUM ASSET MANAGEMENT LTD | 0.2 | Equities | Financials | Australia | AUD | 26,564 | $114,491 | $114,491 |
| TYR AT | TYRO PAYMENTS LTD | 0.2 | Equities | Information Technology | Australia | AUD | 30,160 | $102,544 | $102,544 |
| EML AT | EML PAYMENTS LTD | 0.2 | Equities | Information Technology | Australia | AUD | 26,228 | $101,502 | $101,502 |
| VBU1 Index | S&P/ASX200 F-REIT SEP21 | Index Futures | AUD | 1 | $176,375 |
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* As at 22 July 2021. Excludes cash
Sector Allocation
| Diversified Banks | 71.6% |
| Diversified Capital Markets | 8.7% |
| Property & Casualty Insurance | 7.0% |
| Asset Management & Custody Banks | 3.1% |
| Financial Exchanges & Data | 2.4% |
| Life & Health Insurance | 1.9% |
| Regional Banks | 1.9% |
| Other Diversified Financial Services | 1.1% |
| Insurance Brokers | 0.9% |
| Other | 1.4% |
* As of 30 June 2021
PERFORMANCE
Fund Returns After Fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -0.23% | -0.20% |
| 3 months | 8.57% | 8.67% |
| 6 months | 21.83% | 22.05% |
| 1 year | 40.09% | 40.59% |
| 3 year p.a | 5.79% | 6.11% |
| 5 year p.a | 7.41% | 7.80% |
| Since inception (p.a) | 8.51% | 8.98% |
| Inception date | 10-Dec-10 | - |
* As at 30 June 2021
Chart
Chart Type
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
DISTRIBUTIONS
Yield Information
| Distribution Frequency | Semi-Annual |
| 12 Mth Distribution Yield* (%) | 1.0% |
| 12 Mth Gross Distribution Yield* (%) | 1.6% |
| Franking Level | 124.4% |
*As at 30 June 2021. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Franking level is total franking level over the last 12 months. Past performance is not an indicator of future performance.
Recent Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $0.08453 | 2.67% |
| 4-Jan-21 | 5-Jan-21 | 19-Jan-21 | $0.11719 | 1.19% |
| 1-Jul-20 | 2-Jul-20 | 16-Jul-20 | $0.00523 | 3.69% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.51797 | 5.89% |
| 1-Jul-19 | 2-Jul-19 | 16-Jul-19 | $0.06015 | 4.02% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.33006 | 4.00% |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.15401 | 4.08% |
| 2-Jan-18 | 3-Jan-18 | 17-Jan-18 | $0.32308 | 3.92% |
| 3-Jul-17 | 4-Jul-17 | 18-Jul-17 | $0.12961 | 5.92% |
| 3-Jan-17 | 4-Jan-17 | 18-Jan-17 | $0.46549 | 5.43% |
| 1-Jul-16 | 4-Jul-16 | 18-Jul-16 | $0.11539 | 3.86% |
| 4-Jan-16 | 6-Jan-16 | 19-Jan-16 | $0.37807 | 4.34% |
| 1-Jul-15 | 3-Jul-15 | 20-Jul-15 | $0.12205 | 4.73% |
| 2-Jan-15 | 6-Jan-15 | 19-Jan-15 | $0.38561 | 4.41% |
| 1-Jul-14 | 3-Jul-14 | 16-Jul-14 | $0.08822 | 5.64% |
| 14-Nov-13 | 18-Nov-13 | 16-Jan-14 | $0.43152 | - |
| 1-Jul-13 | 3-Jul-13 | 16-Jul-13 | $0.08044 | 6.86% |
| 10-Dec-12 | 12-Dec-12 | 17-Jan-13 | $0.38098 | - |
| 2-Jul-12 | 4-Jul-12 | 18-Jul-12 | $0.08315 | - |
| 3-Jan-12 | 5-Jan-12 | 24-Jan-12 | $0.42558 | - |
| 1-Jul-11 | 5-Jul-11 | 21-Jul-11 | $0.07586 | - |
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(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. It is calculated as the difference between total Fund return and NAV return. NAV return is the change in the Fund's NAV price. Total return is the NAV return plus reinvestment of all distributions back to the Fund. Past performance not indicative of future performance.
RESOURCES
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Factsheet - QFN |
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Fund Flyer - QFN |
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Portfolio Holdings |
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Product Disclosure Statement - QFN & QRE |
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Product Disclosure Statement Update - 8 March 2021 |
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Interim Financial Report - December 2020 |
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Annual Report - June 2020 |
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NRWT and Fund Payment Notice information - June 2021 distributions |
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NRWT and Fund Payment Notice information - December 2020 distributions |
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