Key Highlights

  • The active fund holds 44 securities, mainly from Australian banks and insurers, with the top ten at 50.29%.
  • Australia represents 94.41% of the portfolio, and New Zealand 5.59%.
  • The management fee is 0.70% and the fund reports a standard deviation of 1.65.
  • The October 2026 distribution of $0.064 is lower than the $0.109 paid in July.

Seed Financial Income Fund Active ETF (ASX:SFIF) is actively managed and diversified, with a core focus on instruments issued by Australian APRA-regulated issuers, including existing or newly issued subordinated bonds, senior bonds and hybrids. The portfolio may also include Australian-dollar capital instruments issued by RBNZ-regulated issuers, as well as cash. The fund was admitted to the ASX on 13 October 2025 and last traded at $10.73 on 13 October 2026.

Detail

Information

Ticker

ASX:SFIF

Fund

Seed Financial Income Fund Active ETF

Category

Unconstrained Fixed Income

Benchmark

Solactive Australian Hybrd Sec NR AUD

Management fee

0.70%

Total holdings

44

ASX admission date

13 October 2025

Holdings

The ten largest positions represent 50.29% of the fund. Two Macquarie Bank securities hold 8.47% and 5.35%, and three Commonwealth Bank of Australia securities 5.25%, 4.27% and 4.16%. Two Insurance Australia Group securities hold 5.07% and 4.33%, a QBE Insurance security 4.80% and an ANZ Holdings (New Zealand) security 4.59%.

Macquarie Group holds a further 4.00%. The securities are listed with rates between 0.05595% and 0.07265%, as shown in the holdings table.

Allocation and category

The listing shows bonds at 82.15%, other assets at 34.94% and cash at 0.38%. Australia represents 94.41% of the portfolio, against 36.42% for the category, and New Zealand 5.59%.

Morningstar's Unconstrained Fixed Income category covers funds with broad scope to build portfolios with little reference to traditional bond indices, and which may use derivatives and active currency positions.

Fee, risk and distributions

The management fee is 0.70% a year. The fund reports a beta of 0.31 and a standard deviation of 1.65. SFIF pays monthly, and the interim distribution of $0.064 per unit had an ex-date of 1 October 2026, a record date of 2 October and payment on 14 October, equal to an annual yield of 4.97%.

That is higher than the $0.036 paid in September, $0.022 in August and $0.051 in June, but lower than the $0.109 paid in July.

Category classification and liquidity

Morningstar places the fund in the Unconstrained Fixed Income category, which covers funds investing primarily in a broad scope to build portfolios with little reference to traditional bond indices, including government bonds, corporate debt, securitised bonds, sub-investment-grade debt, emerging-market debt, private debt and hybrid securities.

Liquidity indicators add a further view. Fund size and units on issue are not reported for this product, and average daily trading volume is 102,112 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 7,800 to 88,300 units, with 38,742 recorded on 13 October while the market was still open. The bid-offer range stood at $10.72 to $10.73, and the day range at $10.73 to $10.73. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged a Monthly Report for September 2026 on 8 October and a Final Distribution Announcement on 7 October. A Quarterly MPI Tracking Error Disclosure and Units on Issue Disclosure followed on 2 October, and a Notification to Unitholders on 1 October.

Final Takeaway

SFIF concentrates on capital instruments from Australian banks and insurers, so issuer and sector concentration is high. The 0.70% fee, a one-year listing history and monthly distributions that have varied between $0.022 and $0.109 are part of its profile. These facts do not forecast outcomes.