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XFJ

$12.45+1.47%Banks & Financials59/100
Fund Page ↗

SPDR S&P/ASX 200 Financials Fund · State Street

Data as at 29 March 2026

TL;DR

Tracks the full S&P/ASX 200 Financials sector as defined by GICS — which includes A-REITs like Goodman Group alongside the banks. This is a different portfolio to OZF and QFN, which both exclude property.

MER (Annual Fee)
0.24%
#1 lowest in Banks & Financials
1Y Return
+21.0%
3Y Return (p.a.)
+13.4%
Dividend Yield
4.28%
Trailing 12 months
AUM
$580M
Assets under management
Avg Daily Turnover
$349K
Avg shares × unit price
Unit Price
$12.45
As at 29 March 2026
Provider
State Street
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Strategy

Follows the GICS Financial sector definition, which includes Real Estate Investment Trusts within the financial sector classification. This means XFJ holds both banks and major property trusts.

Top Holdings

CBA
21.8%
NAB
12.8%
Westpac
12.4%
ANZ
11.0%
Macquarie
9.2%
Goodman Group
5.8%
Scentre Group
3.2%
Dexus
2.8%
Key Fact

XFJ includes A-REITs within its financials portfolio, while QFN and OZF exclude them. Despite all three being described as Australian financials ETFs, XFJ holds a meaningfully different mix of companies to the other two.

Suited for

Investors who want the full GICS financial sector definition including property companies, or whose portfolio is constructed using GICS sector allocations.

Risks

Goodman Group at approximately 6% adds logistics property exposure and more interest rate sensitivity than a pure banking ETF. Investors who hold a separate property ETF will have double exposure to REITs through XFJ.

ETFCheck Score59/100
Fees (40%)64
Fund Size (25%)39
Liquidity (20%)41
Yield (15%)100
How scores are calculated →
Other Banks & Financials ETFs
MVB
0.28% MER
47
OZF
0.34% MER
34
QFN
0.34% MER
32View all Banks & Financials ETFs →

Frequently Asked Questions - XFJ

Why is XFJ the cheapest ASX financials ETF, and is the lower MER worth it?+
XFJ charges just 0.24% MER compared to 0.34% for both QFN and OZF, saving investors $100 annually per $100,000 invested. Over a 20-year holding period, that fee difference compounds meaningfully. The trade-off is that XFJ includes A-REITs alongside banks and insurers, making it more interest-rate sensitive. For long-term investors comfortable with broader financials exposure including property trusts, XFJ's cost advantage makes it the most efficient single-fund financials option on the ASX.
How do the A-REITs inside XFJ affect its performance when the RBA changes rates?+
XFJ's inclusion of A-REITs like Goodman Group and Scentre Group creates a dual dynamic during RBA rate moves. When rates rise, XFJ's bank holdings benefit from wider margins, but its A-REIT component typically suffers as property valuations compress and borrowing costs increase. This partially offsets gains, explaining why XFJ's one-year return of 21.0% slightly trails QFN's 21.2%. Investors wanting pure bank exposure without this drag should consider OZF or QFN instead.
Is XFJ suitable as the sole financials allocation in an Australian SMSF?+
XFJ works well as a single financials allocation for SMSFs because it covers banks, insurers, wealth managers, and A-REITs in one low-cost holding at 0.24% MER. The 4.28% yield with substantial franking credits is attractive for accumulation and pension phase accounts alike. However, trustees should note that CBA still dominates at roughly 25-28% of the fund, so XFJ doesn't eliminate single-stock concentration risk - just moderates it slightly through A-REIT diversification.
What index does XFJ track and how often is it rebalanced?+
XFJ tracks the S&P/ASX 200 Financials Index, which includes all companies classified under the financials sector within the ASX 200, encompassing banks, insurers, diversified financials, and A-REITs. The index is market-cap weighted and rebalanced quarterly in March, June, September, and December by S&P Dow Jones Indices. New additions or deletions reflect changes to ASX 200 constituents and GICS sector classifications, ensuring XFJ remains aligned with the evolving Australian financial sector landscape.