What Does Betashares Australian Financials Sector ETF (ASX:QFN) Hold Beyond the Major Banks?

Sonal Goyal

28 October 2026 01:00 AM AEDT

What Does Betashares Australian Financials Sector ETF (ASX:QFN) Hold Beyond the Major Banks?

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Key Highlights

Betashares Australian Financials Sector ETF (ASX:QFN) aims to track the Solactive Australia Financials Ex-REITs Sector Index, before fees and expenses.
The fund holds 28 companies, with Commonwealth Bank (31.81%) the largest and the top ten making up 93.24%.
Fund size is $78.22 million and the management fee is 0.34%.

Betashares Australian Financials Sector ETF (ASX:QFN) is an exchange traded fund whose investment objective is to provide a return that tracks the performance of the Solactive Australia Financials Ex-REITs Sector Index, before taking into account fees and expenses. Admitted to the ASX on 15 December 2010, the fund has a fund size of $78.22 million and a management fee of 0.34%. This article covers its holdings and distributions.

Exposure and Investment Approach

The fund is categorised as Equity Australia Other and holds 28 companies, with a turnover ratio of 4.11%. Its benchmark excludes real estate investment trusts, so its financial services weighting is almost 100% (99.54%).

Portfolio Composition

The fund holds 28 companies. Its largest positions are Commonwealth Bank of Australia (31.81%), Westpac Banking Corporation (13.91%), National Australia Bank Limited (13.61%), ANZ Group Holdings Limited (12.08%), Macquarie Group Limited (10.30%), and the top ten holdings together account for 93.24% of the portfolio.

The other largest positions are QBE Insurance Group Limited (3.95%), Suncorp Group Limited (2.17%), Insurance Australia Group Limited (2.12%), Washington H. Soul Pattinson and Company Limited (1.74%), Medibank Private Limited (1.52%).

By sector, the portfolio is allocated as follows: Financial Services 99.54%, Technology 0.27%, Industrials 0.19%.

By size, 99.38% of the portfolio is in companies above $1 billion and 0.62% between $500 million and $1 billion. Geographic exposure is Australia (99.69%), New Zealand (0.19%) and the United States (0.12%).

Key Features to Understand

The top five holdings are Commonwealth Bank (31.81%), Westpac (13.91%), NAB (13.61%), ANZ (12.08%) and Macquarie Group (10.30%), followed by QBE (3.95%), Suncorp (2.17%), Insurance Australia Group (2.12%), Soul Patts (1.74%) and Medibank (1.52%). Geographic exposure is 99.69% Australia.

Distribution Details

The fund's most recent recorded distribution was a final distribution of $0.106 per unit, with an ex-date of 1 July 2026, a record date of 2 July 2026 and payment on 16 July 2026.

Fund Details at a Glance

Fund name: Betashares Australian Financials Sector ETF (ASX:QFN)
Issuer: Betashares
Category: Equity Australia Other
Benchmark: Solactive Aus Fincls Ex-REITs Sec TR AUD
Admitted to the ASX: 15 December 2010
Fund size: $78.22 million
Management fee: 0.34%
ISIN: AU000000QFN1

Recent Announcements

Recent announcements include 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.

Wrapping Up

Betashares Australian Financials Sector ETF holds 28 Australian financial companies, with the major banks and Macquarie accounting for most of the portfolio. Its most recent distribution was a final distribution of $0.106 per unit, paid on 16 July 2026.

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