Seed Financial Income Fund Active ETF (ASX:SFIF)
Fund Summary
The Seed Financial Income Fund Active ETF (ASX:SFIF) is a unit class in the Financial Income Fund ARSN 678 888 821 (Fund). It is an actively managed, income-focused strategy in its tenth year of operation, targeting opportunities across the capital structures of highly regulated Australian financial institutions. It seeks to outperform the Solactive Australian Hybrid Securities Index — a benchmark of bank hybrid securities — over a five-year+ timeframe, on a net return basis.
Unlike the benchmark, the Fund allocates to higher-ranking Senior and Subordinated instruments, aiming to deliver stronger risk-adjusted returns.
Seed Funds Management are experts in financial capital issuance, with deep experience across Senior, Subordinated and Hybrid securities.
Investment Universe
The universe for the Fund includes prudential capital instruments issued by banks, insurers and non-bank financial corporations, as well as other instruments from these issuers such as senior bonds. Prudential capital includes hybrids and subordinated bonds (sometimes referred to as Tier 1 and Tier 2 securities, respectively). Senior bonds add significant additional liquidity to the portfolio as well as adding important product diversity.
The Fund does not invest in foreign currency or foreign issuers, excluding issuers regulated by the Reserve Bank of New Zealand.
We believe APRA-regulated issuers, supported by the strength of the Australian banking system, represent some of the safest and most resilient financial institutions globally, underpinned by strong capital positions, conservative lending standards and robust regulatory oversight.
Our Investment Universe:
Strong Historical Returns
In its tenth year of management, investors in the Fund have experienced
strong returns that have meaningfully outperformed the Solactive Hybrid Index and RBA Cash Rate.
Investment Style and Approach
The Investment Manager intends to apply a tactical approach in terms of which securities it invests in and the timing of such investments with the aim of delivering investors with a robust ongoing risk-adjusted yield through market and interest rate cycles.
The investment manager will:
- manage interest rate risk via a portfolio that holds primarily floating rate instruments;
- provide portfolio diversity by security type, credit risk, duration and issuer;
- aim to distribute franking credits associated with the Fund’s holdings of franked securities;
- aim to distribute regular income; and
- ensure the portfolio has no exposure to foreign currencies.
Key Facts
Trading information
ASX code: SFIF
Bloomberg code: SFIF AU
IRESS code: SFIF.AXW
iNAV IRESS code: SFIF-AUINAV.NGIF
Profile
Investment manager: Seed Funds Management Pty Ltd
Management Fees: 0.55% p.a. of NAV
Costs: 0.15% p.a. of NAV (Maximum)
Total Expense: 0.70% p.a. of NAV (0.55% management fee & 0.15% costs recoveries).
Distribution frequency: Monthly
Distribution Reinvestment Plan (DRP): Available by contacting the Registry
– See ‘Reinvestment of Distributions’
See ‘Distributions’ on pages 20-21 of the PDS
Issuer: Evolution Trustees Limited
Registry: Apex Fund Services Pty Ltd
Domicile: Australia
SFIF is a unit class in FIF
Pricing Information
NAV/Unit*: $10.7095
iNAV (live)***: Loading…
* As at 12th October 2026
*** As at Loading…
ASX Announcements
Fund Information
Please see PDS and TMD for full details
Reinvestment of Distributions
Investors may elect to have their distributions reinvested into additional Units in the Fund. This can be done in one of two ways:
Apex Investor Portal – update your distribution preference online: Access the Apex Portal
Change of Details Form – complete the form: Access the Change of Details Form and send to registry@apexgroup.com
Portfolio
Asset Class Allocation*
Tier 2: 68.88%
Hybrids: 27.51%
Senior: 2.53%
Cash: 1.08%
* As at 31 August 2026
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The material contained within this website about the Financial Income Fund (“Fund”) has been prepared and is issued by Seed Funds Management Pty Ltd ACN 675 247 506, a corporate authorised representative (No. 001308397) of its related body corporate, Seed Partnerships Pty Ltd AFSL 492973 (“Seed”). Seed is solely responsible for all content on this website, except for any disclosure documents (including the Product Disclosure Statement (“PDS”), Target Market Determination (“TMD”), or any other document expressly stated to be issued by Evolution Trustees Limited which are issued by Evolution Trustees Limited (ACN 611 839 519, AFSL No. 486217 (“Evolution”).
The website is not intended to provide advice to investors or take into account an individual’s financial circumstances or investment objectives. The information is general in nature and does not constitute personal financial advice. Investors should carefully read the PDS and TMD before making any investment decision. Copies of these documents are available from Seed or Evolution.
Neither Seed, nor Evolution, nor the Fund guarantee the repayment of capital or any rate of return from the Fund. No representation or warranty is given as to the accuracy, completeness, or reliability of the information on this website. Past performance is not a reliable indicator of future performance. To the maximum extent permitted by law, Evolution disclaims any liability for the content of this website, other than in respect of materials it has expressly issued as the responsible entity of the Fund. Investors should consult their financial adviser before making any investment decision.
An intraday optimised portfolio value (iNAV) for each fund will be published throughout the ASX trading day. The iNAVs are calculated by ICE Data Indices, LLC based on the latest price of each security, amongst other factors. The iNAV represents the best estimate by the Responsible Entity or its appointed agents of the value per unit in the Fund throughout the trading day. No assurance can be given that the iNAV will be published continuously or that it will be up to date or free from error. To the extent permitted by law, neither the Responsible Entity nor its appointed agent shall be liable to any person who relies on the iNAV.
The Fund is not sponsored, endorsed, sold or marketed by ICE data Indices, LLC, its affiliates (“ICE Data”) or their respective Third Party Suppliers.
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The iNAV calculations shown on this website are updated during ASX trading hours. The iNAV should not be taken to be or relied upon to determine the price at which the units may trade on ASX at any point in time. The iNAV is provided for reference purposes only.