Key highlights

  • ASX:SFIF is an actively managed ETF focused on instruments issued by Australian APRA-regulated issuers, including subordinated bonds, senior bonds and hybrids.
  • Australia accounts for 94.41% of the portfolio and New Zealand 5.59%.
  • The portfolio holds 44 issuers, with the top ten positions making up 50.29%.

The Seed Financial Income Fund Active ETF (ASX:SFIF) gives investors exposure to debt and hybrid securities issued by Australian financial institutions. The portfolio is actively managed and diversified, with a core focus on instruments issued by APRA-regulated issuers, including existing or newly issued subordinated bonds, senior bonds and hybrids.

About the Fund

SFIF was admitted to the ASX on 13 October 2025 and is classified in the Unconstrained Fixed Income category, with the Solactive Australian Hybrid Securities Net Return Index as its benchmark. Beyond its core focus, the portfolio may include Australian-dollar capital instruments issued by RBNZ-regulated issuers, as well as cash. The management fee is 0.70%, and the head office is in Sydney.

Country exposure

The largest country allocation is Australia at 94.41%, followed by New Zealand at 5.59%.

By asset type, bonds make up 82.15% of the fund and cash 0.38%.

Portfolio holdings

The portfolio holds 44 companies, with top ten holdings making up 50.29% of the fund. The largest positions are Macquarie Bank Ltd floating-rate security (0.05635%) (8.47%), Macquarie Bank Ltd floating-rate security (0.06165%) (5.35%), Commonwealth Bank of Australia security (0.05595%) (5.25%), Insurance Australia Group security (0.06065%) (5.07%) and QBE Insurance Group security (0.06115%) (4.8%).

Other top ten positions include securities issued by ANZ Holdings (New Zealand), Insurance Australia Group, Commonwealth Bank of Australia and Macquarie Group. The holdings are individual bonds and hybrids, so the same issuer can appear more than once.

Understanding the exposure

The five largest positions add up to 28.94% of the fund, which shows how much of the exposure rests on a small number of names. The remaining 34 holdings share the other 49.71% of the portfolio, an average of about 1.46% each. Exposure is spread across 2 countries or regions, and the three largest allocations (Australia and New Zealand) together account for 100% of the portfolio.

Fees, size and distributions

SFIF pays distributions monthly. The most recent distribution was an interim distribution of $0.064 per unit, with an ex-date of 1 October 2026 and payment on 14 October 2026, and the reported annual yield is 4.97%.

Fund structure and reporting

SFIF has an ISIN of AU0000417941 and a head office at Level 15, 68 Pitt Street, Sydney. Recent ASX announcements from the fund include a monthly report for September 2026, a final distribution announcement, a quarterly tracking error disclosure and a notification to unitholders.

Unconstrained Fixed Income funds have broad scope to build a portfolio with little reference to traditional bond indices, and may hold government bonds, corporate debt, securitised bonds, hybrid securities and other income-generating instruments.

Units in SFIF are quoted on the ASX and can be bought and sold through a broker during trading hours, in the same way as shares, so the exposure described above is available without buying each holding separately. The fund is actively managed, so its holdings and weightings are chosen by the manager rather than set by an index, and they can change over time.