Australian Financials Sector ETF
- Australian shares
Gain exposure to the biggest companies in Australia’s financials sector
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.
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.
|% Change (prev day)|
|ASX iNav code||YQFN|
* Data is delayed by at least 20 minutes.
* As at 7 December 2023
|Net assets* ($A)||$65,891,675|
|Units outstanding* (#)||5,433,285|
|Management fee and cost** (p.a.)||0.34%|
|Distribution reinvestment plan (DRP)||Full participation available|
|Issuer||Betashares Capital Ltd|
|Registry||Link Market Services|
* As at 7 December 2023**Certain additional costs apply. Please refer to PDS.
|Bloomberg code||QFN AU|
|iNAV IRESS code||YQFN.AXW|
|Market makers||Susquehanna Pacific|
|Index||Solactive Australia Financials Ex-REITs Sector|
|Bloomberg index ticker||SOLAUFNG Index|
Holdings & allocation
|COMMONWEALTH BANK OF AUSTRALIA||29.0%|
|NATIONAL AUSTRALIA BANK LTD||14.8%|
|WESTPAC BANKING CORP||12.5%|
|ANZ GROUP HOLDINGS LTD||12.1%|
|MACQUARIE GROUP LTD||10.6%|
|QBE INSURANCE GROUP LTD||3.6%|
|SUNCORP GROUP LTD||2.8%|
|INSURANCE AUSTRALIA GROUP LTD||2.4%|
|MEDIBANK PVT LTD||1.6%|
* As at 7 December 2023. Excludes cash
|Diversified Capital Markets||10.8%|
|Property & Casualty Insurance||9.4%|
|Life & Health Insurance||2.2%|
|Financial Exchanges & Data||1.9%|
|Coal & Consumable Fuels||1.3%|
|Asset Management & Custody Banks||1.3%|
* As of 31 October 2023
Fund returns after fees (%)
|3 year p.a.||9.44%||9.84%|
|5 year p.a.||6.14%||6.50%|
|10 year p.a.||4.65%||5.06%|
* As at 30 November 2023Past 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.
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
|12 mth distribution yield*||3.7%|
|12 mth gross distribution yield*||5.2%|
*As at 31 October 2023. 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.
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
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.