Australian Financials Sector ETF
- Australian shares
Gain exposure to the biggest companies in Australia’s financials 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.
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* | $12.13 |
* As at 7 December 2023
Profile
| Net assets* ($A) | $65,891,675 |
|---|---|
| Units outstanding* (#) | 5,433,285 |
| 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 7 December 2023
**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 | Susquehanna Pacific |
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 | 29.0% |
| 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% |
| ASX LTD | 1.9% |
| MEDIBANK PVT LTD | 1.6% |
* As at 7 December 2023. Excludes cash
Sector allocation
| Diversified Banks | 69.2% |
|---|---|
| Diversified Capital Markets | 10.8% |
| Property & Casualty Insurance | 9.4% |
| Life & Health Insurance | 2.2% |
| Financial Exchanges & Data | 1.9% |
| Regional Banks | 1.4% |
| Coal & Consumable Fuels | 1.3% |
| Asset Management & Custody Banks | 1.3% |
| Insurance Brokers | 1.3% |
| Other | 1.1% |
* As of 31 October 2023
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 5.55% | 5.58% |
| 3 months | 0.30% | 0.41% |
| 6 months | 7.41% | 7.64% |
| 1 year | 0.87% | 1.27% |
| 3 year p.a. | 9.44% | 9.84% |
| 5 year p.a. | 6.14% | 6.50% |
| 10 year p.a. | 4.65% | 5.06% |
| Since inception | 7.52% | 7.97% |
| Inception date | 10-Dec-10 | - |
* 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.
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* | 3.7% |
| 12 mth gross distribution yield* | 5.2% |
| Franking level | 96.4% |
*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.