The S&P/ASX 50 (XFL) Index comprises Australia’s large-cap equites.

The index contains the 50 largest ASX listed stocks with the cut-off being a market capitalisation of ~$5billion (AUD). Constituents account for ~62% ^{(September 2023)} of Australia’s sharemarket capitalisation.

The ASX 50 is diversified between 10 GICS Sectors. Consumer Discretionary is the only sector not represented.

There’s currently one Exchange Traded Fund (ETF) that tracks the performance of the index: SPDR® S&P®/ASX 50 Fund (SFY).

 

How are ASX 50 companies selected?

Constituents are selected by a committee from Standard & Poor’s (S&P) and the Australian Securities Exchange (ASX).

All companies listed on the Australian Securities Exchange (ASX) are ranked by market capitalisation. Exchange traded funds (ETFs) and Listed Investment Companies (LICs) are ignored. The top 50 ASX stocks that meet minimum volume and investment benchmarks then become eligible for inclusion in the index.

Rebalances are conducted quarterly in March, June, September and December. If a significant event occurs (e.g. delisting, merger, etc.) an intra-quarter rebalance may be conducted. A minimum of two business days’ notice is given to the market.

 

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ASX 50 List (28 April 2021)

Click here for the current Share Prices (and Stock Charts)

The 50 largest companies by market capitalisation (includes ETFs & LICs) and not S&P constituents.

Code	Company
AIA	Auckland International Airport Ltd
ALL	Aristocrat Leisure Ltd
AMC	Amcor Plc
ANZ	Australia and New Zealand Banking Group Ltd
APA	APA Group
APT	Afterpay Ltd
ASX	ASX Ltd
BHP	BHP Group Ltd
BSL	Bluescope Steel Ltd
BXB	Brambles Ltd
CBA	Commonwealth Bank of Australia
COH	Cochlear Ltd
COL	Coles Group Ltd
CSL	CSL Ltd
DXS	Dexus
FMG	Fortescue Metals Group Ltd
FPH	Fisher & Paykel Healthcare Corporation Ltd
GMG	Goodman Group
IAG	Insurance Australia Group Ltd
JHX	James Hardie Industries Plc
MGOC	Magellan Global Fund (Open Class) (Managed Fund)
MGR	Mirvac Group
MQG	Macquarie Group Ltd
NAB	National Australia Bank Ltd
NCM	Newcrest Mining Ltd
NST	Northern Star Resources Ltd
QBE	QBE Insurance Group Ltd
REA	REA Group Ltd
REH	Reece Ltd
RHC	Ramsay Health Care Ltd
RIO	RIO Tinto Ltd
RMD	Resmed Inc
S32	SOUTH32 Ltd
SCG	Scentre Group
SEK	Seek Ltd
SGP	Stockland
SHL	Sonic Healthcare Ltd
STO	Santos Ltd
SUN	Suncorp Group Ltd
SYD	Sydney Airport
TAH	Tabcorp Holdings Ltd
TCL	Transurban Group
TLS	Telstra Corporation Ltd
TPG	TPG Telecom Ltd
WBC	Westpac Banking Corporation
WES	Wesfarmers Ltd
WOW	Woolworths Group Ltd
WPL	Woodside Petroleum Ltd
WTC	Wisetech Global Ltd
XRO	Xero Ltd

 

Sector breakdown

All S&P/ASX Indices use the Global Industry Classification Standard (GICS) to categorise constituents according to their principal business activity.

The S&P/ASX 50 Index contains all 11 GICS Sectors.

Data updated: 1 March 2019

PE Ratio & Dividend Yield

Fundamental data for the S&P/ASX 50 Index is weight-adjusted by market capitalisation. Companies with zero or negative values are ignored.

Data updated: 1 July 2017

Exchange Traded Fund (ETF)

ETFs are managed funds that track a benchmark. They trade on the ASX like ordinary shares using their ticker code. The goal of an index fund is to replicate the performance of the underlying index, less fees and expenses.

As at 10 October 2016, the SPDR® S&P®/ASX 50 Fund (SFY) is the only ETF that tracks the performance of the S&P/ASX 50 Index.