Financials Without Property: The Concentration Inside Betashares QFN (ASX:QFN)

Sonal Goyal

28 October 2026 12:31 PM AEDT

Financials Without Property: The Concentration Inside Betashares QFN (ASX:QFN)

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Key Highlights

Betashares Australian Financials Sector ETF (ASX:QFN) aims to track the Solactive Australia Financials Ex-REITs Sector Index.
The fund holds 28 companies, with Commonwealth Bank of Australia the largest position at 31.81%.
The fund has a management fee of 0.34% and a fund size of $78.22 million.

As of 27 October, Betashares Australian Financials Sector ETF (ASX:QFN) holds 28 companies and manages $78.22 million. It has traded since 15 December 2010 and charges 0.34%.

Key Fact	Detail
Fund	Betashares Australian Financials Sector ETF
ASX code	QFN
Issuer	Betashares
Category	Equity Australia Other
Benchmark	Solactive Aus Fincls Ex-REITs Sec TR AUD
ISIN	AU000000QFN1
Admitted to the ASX	15 December 2010
Fund size	$78.22 million
Management fee	0.34%
Holdings	28 companies
Latest distribution	Final, $0.106 per unit (ex-date 1 Jul 2026; payment 16 Jul 2026)

Index Design

The fund aims to track the Solactive Australia Financials Ex-REITs Sector Index before fees and expenses. Because the benchmark excludes real estate investment trusts, financial services makes up 99.54% of the portfolio. Turnover is 4.11%.

The Top Ten

Commonwealth Bank (31.81%) leads, followed by Westpac (13.91%), NAB (13.61%), ANZ (12.08%) and Macquarie Group (10.30%). Insurers and other financial companies include QBE (3.95%), Suncorp (2.17%), Insurance Australia Group (2.12%), Soul Patts (1.74%) and Medibank (1.52%). The ten largest holdings account for 93.24%.

Further Portfolio Detail

By market capitalisation, 99.38% of the portfolio is in companies above $1 billion and 0.62% between $500 million and $1 billion. Regionally, the fund is invested in Australia (99.69%), New Zealand (0.19%) and the United States (0.12%).

Payment Timetable

Final distribution details: $0.106 per unit, ex-date 1 July 2026, record date 2 July 2026, payment date 16 July 2026.

Announcements to Note

Lodgements with the ASX have included estimated annual distribution component information on 8 July 2026, an annual report on 25 September and a units on issue disclosure for September 2026 on 6 October.

Where the Fund Sits

Betashares Australian Financials Sector ETF is classified as Equity Australia Other. Funds in this category invest almost exclusively in Australian companies, with less than 20% of the portfolio in assets other than equities. They may have a bias towards style and size characteristics, or be defined by a single sector exposure.

Index and Track Record Length

The fund has been listed since 15 December 2010, a period of about 16 years. Its stated benchmark is the Solactive Aus Fincls Ex-REITs Sec TR AUD index, and the issuer is Betashares (ISIN AU000000QFN1). It charges a management fee of 0.34%.

How Concentrated Is the Portfolio?

Looking at the biggest weights, Commonwealth Bank of Australia stands at 31.81% and the top five holdings combine for 81.71%.

What the Dates Mean

Three dates matter for each distribution: the ex-date, after which new buyers do not qualify for the payment; the record date, when entitlements are set from the register; and the payment date, when the money is paid.

Wrapping Up

QFN is a concentrated Australian financials fund, with the major banks and Macquarie making up most of the portfolio. The latest distribution was a final payment of $0.106 per unit on 16 July 2026.

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