Australian shares
QFN
Betashares Australian Financials Sector ETF · Betashares
The largest Australian financial companies — the big four banks plus insurers and other financial firms — held together in one parcel, leaving out property trusts.
What the fee costs you
The management fee is 0.34% a year. Here’s what that works out to in dollars:
A 0.34% yearly fee works out to about $34 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- Betashares
- Asset class
- Australian shares
- Number of holdings
- ~26
- Where it invests
- Entirely Australia.
- Income paid
- Half-yearly
- Currency hedged
- N/A — It holds Australian companies priced in Australian dollars, so there's no foreign-currency exposure to hedge.
Its character
A single-sector fund built almost entirely around the major banks, which make up the bulk of it, with insurers and other financial firms making up the rest. Commonwealth Bank alone is a large slice.
What to keep in mind
Concentrated in one sector and a handful of big banks, so it moves with how Australian financials do and can swing harder than a broad market fund. There's little to cushion it if banking has a bad run.
Income
The financials sector has typically paid high, franked income — franking credits are tax already paid by the company that can reduce the tax an Australian investor owes on that income.
How this fund relates to others
Financials are the largest sector in broad Australian funds like A200, IOZ and VAS, so QFN's banks overlap heavily with the top of those funds — it just concentrates into that one slice instead of spreading across the market.
Figures last verified 2026-06-22against the issuer’s factsheet and PDS.