Key Highlights

  • VanEck Australian Banks ETF (ASX:MVB) holds 8 banks, with five large positions each between 17.39% and 20.62%.
  • State Street SPDR S&P/ASX 200 Financials Ex A-REIT ETF (ASX:OZF) holds 31 financial companies, with the top ten making up 90.18%.
  • Betashares Australian Financials Sector ETF (ASX:QFN) holds 28 financial companies, with the top ten making up 93.24%.

Three exchange traded funds focus on Australian financial companies. VanEck Australian Banks ETF (ASX:MVB) holds the largest ASX-listed banks, while State Street SPDR S&P/ASX 200 Financials Ex A-REIT ETF (ASX:OZF) and Betashares Australian Financials Sector ETF (ASX:QFN) also include insurers and other financial companies and exclude real estate investment trusts. All three are categorised as Equity Australia Other.

VanEck Australian Banks ETF (ASX:MVB)

The fund is categorised as Equity Australia Other, a category whose funds invest almost exclusively in Australian companies and may be defined by a single sector exposure. MVB is entirely in financial services and entirely in Australia, and its turnover ratio is 14.20%.

The fund holds 8 companies. Its largest positions are ANZ Group Holdings Limited (20.62%), National Australia Bank Limited (20.26%), Westpac Banking Corporation (20.20%), Commonwealth Bank of Australia (19.27%), Macquarie Group Limited (17.39%).

The other largest positions are Bendigo and Adelaide Bank Limited (1.30%), Bank of Queensland Limited (0.94%).

The most recent recorded distribution was an interim distribution of $0.500 per unit, with an ex-date of 3 August 2026, a record date of 4 August 2026 and payment on 18 August 2026.

State Street SPDR S&P/ASX 200 Financials Ex A-REIT ETF (ASX:OZF)

The fund's approach is designed to provide portfolios with low portfolio turnover, accurate tracking and lower costs, and its turnover ratio is 3.22%. It is categorised as Equity Australia Other and holds 31 companies.

The fund holds 31 companies. Its largest positions are Commonwealth Bank of Australia (28.54%), National Australia Bank Limited (13.78%), Westpac Banking Corporation (13.55%), ANZ Group Holdings Limited (13.05%), Macquarie Group Limited (9.44%), and the top ten holdings together account for 90.18% of the portfolio.

The other largest positions are QBE Insurance Group Limited (3.92%), Suncorp Group Limited (2.42%), Insurance Australia Group Limited (2.10%), Washington H. Soul Pattinson and Company Limited (1.91%), Medibank Private Limited (1.42%).

The most recent recorded distribution was a final distribution of $0.268 per unit, with an ex-date of 29 June 2026, a record date of 30 June 2026 and payment on 13 July 2026.

Betashares Australian Financials Sector ETF (ASX:QFN)

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%).

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%).

The 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

  • MVB: Equity Australia Other; benchmark MVIS Australia Banks GR AUD; admitted 16 October 2013; fund size $305.55 million; management fee 0.28%
  • OZF: Equity Australia Other; benchmark S&P/ASX 200 Fincl Ex A-REIT TR; admitted 13 April 2011; fund size $36.28 million; management fee 0.34%
  • QFN: Equity Australia Other; benchmark Solactive Aus Fincls Ex-REITs Sec TR AUD; admitted 15 December 2010; fund size $78.22 million; management fee 0.34%

Wrapping Up

MVB, OZF and QFN each hold the major Australian banks, with QFN and OZF adding insurers and other financial companies. Their most recent distributions were $0.500 per unit for MVB (paid 18 August 2026), $0.268 for OZF (paid 13 July 2026) and $0.106 for QFN (paid 16 July 2026).