Overview
The complete US financial sector — banks, insurers, exchanges, asset managers and payment networks, ~370 holdings at 0.10%.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| JPM | JPMorgan Chase | 8.8% |
| BRK.B | Berkshire Hathaway | 7.4% |
| MA | Mastercard | 6.2% |
| V | Visa Inc. | 6.0% |
| BAC | Bank of America | 4.2% |
| WFC | Wells Fargo | 3.8% |
| GS | Goldman Sachs | 2.8% |
| MS | Morgan Stanley | 2.4% |
| SPGI | S&P Global | 2.4% |
| AXP | American Express | 2.2% |
Fund Details
Investment Thesis
VFH reaches deeper than XLF — small regional banks, boutique asset managers and insurers alongside the giants — and includes the payment networks XLF's GICS purism assigns elsewhere. Financials are the market's rate-cycle barometer: net interest margins, deal flow and credit costs all key off the Fed. The sector's +14.3% year lagged the market as rate-cut expectations compressed margins outlooks.
Who It's For
Investors expressing a view on the rate cycle or bank profitability, and value-tilted allocators — financials remain among the cheapest sectors on earnings.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $49.34 | -- |
| 2017 | $59.20 | +20.0% |
| 2018 | $51.27 | -13.4% |
| 2019 | $67.68 | +32.0% |
| 2020 | $66.32 | -2.0% |
| 2021 | $89.54 | +35.0% |
| 2022 | $78.52 | -12.3% |
| 2023 | $87.95 | +12.0% |
| 2024 | $114.33 | +30.0% |
| 2025 | $129.77 | +13.5% |
| Year | Yield |
|---|---|
| 2016 | 2.11% |
| 2017 | 2.18% |
| 2018 | 2.00% |
| 2019 | 2.06% |
| 2020 | 1.89% |
| 2021 | 1.95% |
| 2022 | 1.78% |
| 2023 | 1.83% |
| 2024 | 1.67% |
| 2025 | 1.67% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $5.0B | -- |
| 2017 | $5.6B | +12.0% |
| 2018 | $6.2B | +10.7% |
| 2019 | $6.9B | +11.3% |
| 2020 | $7.6B | +10.1% |
| 2021 | $8.5B | +11.8% |
| 2022 | $9.5B | +11.8% |
| 2023 | $11B | +15.8% |
| 2024 | $12B | +9.1% |
| 2025 | $13B | +8.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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