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Fund size
$59.7M
OCT 2026
Total cost ratio
0.34%
per year
Distributions
Semi-Annually
Since inception
15.9 yrs
DEC 2010
The investment objective of the BetaShares Australian Financials Sector ETF is to provide an investment return that tracks the performance of the Solactive Australia Financials Ex-REITs Sector Index (the “Index”), before taking into account fees and expenses.
US equity 0.11%Non-US equity 99.89%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 100.00 | 100.00 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.00 | 0.00 | — |
| Other | 0.00 | 0.00 | — |
Cyclical 99.59%Sensitive 0.41%Defensive 0.00%
Developed markets 100.00%Emerging markets 0.00%
Size score
302
Value-growth score
127
Economic moat
Wide 72%None 15%Narrow 13%
Giant 81%Large 11%Mid 7%Small 1%
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Commonwealth Bank of Australia CBA | 29.18 | DEC 2010 | 21.3M | AUD | 141,381 | Financial Services | Australia | |
| National Australia Bank Ltd NAB | 14.14 | DEC 2010 | 10.3M | AUD | 264,367 | Financial Services | Australia | |
| Westpac Banking Corp WBC | 13.90 | DEC 2010 | 10.2M | AUD | 289,979 | Financial Services | Australia | |
| ANZ Group Holdings Ltd ANZ | 13.38 | JAN 2023 | 9.8M | AUD | 255,666 | Financial Services | Australia | |
| Macquarie Group Ltd MQG | 10.26 | JAN 2014 | 7.5M | AUD | 30,495 | Financial Services | Australia | |
| QBE Insurance Group Ltd QBE | 4.03 | DEC 2010 | 2.9M | AUD | 126,119 | Financial Services | Australia | |
| Suncorp Group Ltd SUN | 2.44 | SEP 2011 | 1.8M | AUD | 89,385 | Financial Services | Australia | |
| Insurance Australia Group Ltd IAG | 2.14 | DEC 2010 | 1.6M | AUD | 197,238 | Financial Services | Australia | |
| Washington H Soul Pattinson and Co Ltd SOL | 1.94 | JUN 2023 | 1.4M | AUD | 29,709 | Financial Services | Australia | |
| Medibank Pvt Ltd MPL | 1.47 | JUL 2015 | 1.1M | AUD | 233,309 | Financial Services | Australia |
Fund (NAV) Market price
1M
-3.7
3M
-0.4
6M
2.4
YTD
6.0
1Y
4.6
3Y
20.6
5Y
9.7
10Y
7.9
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -3.75 | -4.01 | -3.72 | — |
| 3 months | -0.42 | -0.38 | -0.34 | — |
| 6 months | 2.38 | 1.91 | 2.55 | — |
| Year to date | 6.00 | 6.25 | 6.27 | — |
| 1 year | 4.58 | 4.83 | 4.94 | — |
| 3 years p.a. | 20.65 | 20.67 | 21.06 | — |
| 5 years p.a. | 9.70 | 9.76 | 10.08 | — |
| 10 years p.a. | 7.91 | 7.90 | 8.29 | — |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Total Capital
2016
8.7
2017
3.0
2018
-9.4
2019
11.9
2020
-6.2
2021
24.9
2022
-0.8
2023
14.4
2024
32.1
2025
12.8
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 12.82 | 8.72 | — |
| 2024 | 32.08 | 29.19 | — |
| 2023 | 14.38 | 7.48 | — |
| 2022 | -0.78 | -2.70 | — |
| 2021 | 24.93 | 22.78 | — |
| 2020 | -6.22 | -11.40 | — |
| 2019 | 11.87 | 9.30 | — |
| 2018 | -9.36 | -13.95 | — |
| 2017 | 3.04 | -0.38 | — |
| 2016 | 8.74 | 2.53 | — |
| 2015 | 5.80 | -0.12 | — |
FY17
19.3
FY18
1.2
FY19
8.1
FY20
-21.7
FY21
40.1
FY22
-8.0
FY23
12.8
FY24
28.9
FY25
28.6
FY26
1.4
| Financial year | Total % |
|---|---|
| Financial year to date | -0.84 |
| Year to 30 JUN 2026 | 1.41 |
| Year to 30 JUN 2025 | 28.57 |
| Year to 30 JUN 2024 | 28.90 |
| Year to 30 JUN 2023 | 12.84 |
| Year to 30 JUN 2022 | -7.99 |
| Year to 30 JUN 2021 | 40.07 |
| Year to 30 JUN 2020 | -21.74 |
| Year to 30 JUN 2019 | 8.07 |
| Year to 30 JUN 2018 | 1.21 |
| Year to 30 JUN 2017 | 19.26 |
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -2.37 | 5.15 | 2.44 | -0.49 |
| Beta | 1.18 | 1.10 | 1.16 | 1.15 |
| R-squared | 48.55 | 61.52 | 71.75 | 74.02 |
| Standard deviation | 22.40 | 19.48 | 23.42 | 23.06 |
| Sharpe ratio | -0.15 | 0.92 | 0.53 | 0.49 |
| Sortino ratio | -0.37 | 1.48 | 0.65 | 0.53 |
| Tracking error | 12.57 | 9.27 | 9.15 | 9.19 |
| Information ratio | -0.26 | 0.69 | 0.31 | -0.01 |
| Upside capture % | 91.19 | 126.24 | 125.93 | 111.83 |
| Downside capture % | 113.16 | 100.63 | 119.94 | 119.60 |
| Maximum drawdown % | -6.59 | -7.82 | -13.85 | -32.73 |
Measured against S&P/ASX 200 TR AUD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Risk score
107.0
Morningstar Portfolio Risk Score at 30 SEP 2026.
2024
0.5
2023
0.4
2022
0.4
2021
0.4
2020
0.2
2019
0.5
2018
0.4
2017
0.5
2016
0.6
2015
0.5
| Year | Per unit ($) |
|---|---|
| 2024 | 0.4983 |
| 2023 | 0.4471 |
| 2022 | 0.4191 |
| 2021 | 0.4315 |
| 2020 | 0.2017 |
| 2019 | 0.5232 |
| 2018 | 0.3902 |
| 2017 | 0.4771 |
| 2016 | 0.5951 |
| 2015 | 0.4935 |
| Ex Date | Per unit ($) |
|---|---|
| 1 JUL 2026 | 0.1068 |
| 2 JAN 2026 | 0.2753 |
| 1 JUL 2025 | 0.2118 |
| 2 JAN 2025 | 0.2865 |
| 1 JUL 2024 | 0.1485 |
| 2 JAN 2024 | 0.2985 |
| 3 JUL 2023 | 0.0941 |
| 3 JAN 2023 | 0.3250 |
| 1 JUL 2022 | 0.1204 |
| 4 JAN 2022 | 0.3111 |
| 1 JUL 2021 | 0.0845 |
| 4 JAN 2021 | 0.1172 |
High
ESG risk score
16.92
Category average 22.16
1.53% of assets are in companies with high or severe controversies.
Carbon risk score
6.93
Category average 11.57
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
The QFN ETF provides broad exposure to Australian financials, although the Big Four banks still dominate at around 80% of the portfolio, followed by insurers at roughly 10% - note it has a high 0.34% management fee for what it is.
The Financials sector, and this ETF, is dominated by the big banks, which make up ~80% of its holdings, followed by the insurance stocks, at around 10%, which MM is currently particularly keen on. This ETF is sitting ~10% below its 2025 high, having traded basically sideways for the last 12 months. While this ETF is looking more appealing now than in January, ultimately, we prefer to pick our way through the individual stocks in the space with so much fundamental news likely to impact performance on the individual stock level, but we know some subscribers now prefer the relative ease of ETFs.
MM is cautiously bullish towards the QFN ETF around $17.50
MM is cautiously bullish towards the QFN ETF around $17.50
MM is neutral towards the QFN ETF into 2026
MM is cautiously bullish on the QFN ETF through 2025
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