Australian Financials Sector ETF
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
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.
Invest in QFN with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 5,596,835 |
|---|---|
| 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 19 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| ASX iNav code | YQFN |
| NAV | * As at 19 December 2024 |
| NAV/Unit* | $16.42 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
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 |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 6.73% | 6.77% |
| 3 months | 9.91% | 10.02% |
| 6 months | 24.76% | 25.02% |
| 1 year | 46.94% | 47.53% |
| 3 year p.a. | 17.39% | 17.83% |
| 5 year p.a. | 12.17% | 12.57% |
| 10 year p.a. | 8.16% | 8.58% |
| Since inception (p.a.) | 9.95% | 10.40% |
| Inception date | 10-Dec-10 | - |
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.
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| COMMONWEALTH BANK OF AUSTRALIA | 31.5 |
| NATIONAL AUSTRALIA BANK LTD | 14.0 |
| WESTPAC BANKING CORP | 13.6 |
| ANZ GROUP HOLDINGS LTD | 10.4 |
| MACQUARIE GROUP LTD | 9.8 |
| QBE INSURANCE GROUP LTD | 3.6 |
| SUNCORP GROUP LTD | 3.0 |
| INSURANCE AUSTRALIA GROUP LTD | 2.5 |
| ASX LTD | 1.6 |
| AUD - AUSTRALIA DOLLAR | 1.4 |
Sector allocation
| Diversified Banks | 71.2% |
|---|---|
| Diversified Capital Markets | 9.9% |
| Property & Casualty Insurance | 9.0% |
| Asset Management & Custody Banks | 1.8% |
| Life & Health Insurance | 1.6% |
| Financial Exchanges & Data | 1.5% |
| Regional Banks | 1.4% |
| Insurance Brokers | 1.1% |
| Coal & Consumable Fuels | 1.0% |
| Other | 1.4% |
* As of 29 November 2024
Distributions
Frequency and yield
| Distribution frequency | Semi-annual |
|---|---|
| 12 mth distribution yield* | 2.6% |
| 12 mth gross distribution yield* | 3.6% |
| Franking level | 83.3% |
*As at 29 November 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 | 4.28% |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.298513 | 3.58% |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | $0.094115 | 3.99% |
| 3-Jan-23 | 4-Jan-23 | 18-Jan-23 | $0.324979 | 3.72% |
| 1-Jul-22 | 4-Jul-22 | 18-Jul-22 | $0.120398 | 3.39% |
| 4-Jan-22 | 5-Jan-22 | 19-Jan-22 | $0.31105 | 4.06% |
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $0.084533 | 2.67% |
| 4-Jan-21 | 5-Jan-21 | 19-Jan-21 | $0.117186 | 1.19% |
| 1-Jul-20 | 2-Jul-20 | 16-Jul-20 | $0.005226 | 3.69% |
| 2-Jan-20 | 3-Jan-20 | 17-Jan-20 | $0.517965 | 5.89% |
| 1-Jul-19 | 2-Jul-19 | 16-Jul-19 | $0.06015 | 5.69% |
| 2-Jan-19 | 3-Jan-19 | 17-Jan-19 | $0.330064 | 6.29% |
| 2-Jul-18 | 3-Jul-18 | 17-Jul-18 | $0.154008 | 4.08% |
| 2-Jan-18 | 3-Jan-18 | 17-Jan-18 | $0.32308 | 3.92% |
| 3-Jul-17 | 4-Jul-17 | 18-Jul-17 | $0.129613 | 5.92% |
| 3-Jan-17 | 4-Jan-17 | 18-Jan-17 | $0.465486 | 5.43% |
| 1-Jul-16 | 4-Jul-16 | 18-Jul-16 | $0.115393 | 3.86% |
| 4-Jan-16 | 6-Jan-16 | 19-Jan-16 | $0.378071 | 4.34% |
| 1-Jul-15 | 3-Jul-15 | 20-Jul-15 | $0.122052 | 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 | $0.431521 | - |
| 1-Jul-13 | 3-Jul-13 | 16-Jul-13 | $0.080443 | 6.86% |
| 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.