iShares ISEC ETF (ASX:ISEC)

iShares Enhanced Cash ETF

About the ISEC ETF

ISEC ETF aims to outperform the S&P/ASX Bank Bill Index (before fees and expenses) and provide investors with cost-efficient access to enhanced yield for your portfolio’s cash allocation.

The ISEC ETF offers the ability to achieve potentially enhanced regular income with a diversified portfolio of higher-yielding high quality short-term money market instruments, including floating rate notes. It is truly liquid and only holds instruments that can be easily sold to meet investor requirements.

The S&P/ASX Bank Bill Index offers short term exposure to Australian denominated bank bills with maturity profiles of up to three months. ISEC ETF provides investors with with exposure to investments that focus on capital preservation and delivering monthly distributions.

The ETF has more than $260 million (as at 8 October 2021) of assets and was created in June 2017.

ISEC ETF Performance Review

1
Year

0.21

3
Year

1.05

5
Year

Since
Inception

1.36

Running
Yield

0.17

Yield To
Maturity

0.18

Data Current To: 31/08/2021

Our review of ISEC ETF

Very low risk ETF with more than 80% held in cash and circa 15% in corporate bonds as at 11 August 2021

Minimal interest rate risk

What we like about the ISEC ETF

Monthly income

Low management fee of 0.12%

Things to be aware of about the ISEC ETF

Low weighted average yield to maturity of less than 0.1% as at 7 October 2021

ISEC ETF Investment Strategy

It offers the ability to achieve potentially enhanced regular income with a diversified portfolio of higher-yielding high quality short-term money market instruments, including floating rate notes. It is truly liquid and only holds instruments that can be easily sold to meet investor requirements.

ISEC ETF Share Price

What does the ISEC ETF Invest In?

ISEC is a Cash ETF.

ISEC ETF invests in range of different cash and derivative instruments, including floating rate notes. As at August 2021 the ISEC ETF held nearly 70 different investments.

ISEC ETF Credit Quality

A detailed breakdown of the credit quality is expressed below.

ISEC Frequently Asked Questions

What index does the ISEC ETF aim to replicate?

The ISEC ETF aims to replicate the S&P / ASX Bank Bill Index.

How often does ISEC ETF pay distributions?

The distribution frequency of ISEC is Monthly.

When did the ISEC ETF start?

The inception date of the ISEC ETF was 01/06/2017.

What are the net assets of the ISEC ETF?

ISEC has net assets of $254.5m (AUD) as of 31/08/2021.

What are the number of holdings in the ISEC ETF?

Total number of holdings in ISEC is 69 as of 31/08/2021.

What are the management fees for the ISEC ETF?

The annual management fees for the ISEC ETF are 0.12% p.a. Learn more about ETF fees in this article.

How can I invest in the ISEC ETF?

ISEC is an Exchange Traded Fund, and units may be bought or sold on the ASX like shares. Learn how to buy and sell ETFs in this article.

Does the ISEC ETF have a minimum investment amount?

No, there is no minimum to invest in the BlackRock ISEC ETF. Exchange Traded Funds in general do not have a minimum investment amount required by the issuer. However, if you choose to invest through a broker, they may choose to set their own minimum investment amount.

Are there any performance fees associated with the ISEC ETF?

No, ISEC has no performance fee. This is one of the advantages of Exchange Traded Funds, as they are traded like shares, you’ll generally only pay a commission to buy or sell units and an ongoing management fee.

About The Issuer Of The ISEC ETF: BlackRock

For more than 30 years, BlackRock has offered a range of solutions for institutions, financial professionals and individuals, to help them take control of their financial security.

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Luke is the Chief Technical Officer of Fixed Income News Australia and responsible for website design and development, including fund finder functionality. He has worked for ASX-listed industry leaders and a variety of marketing agencies across Australia. Luke is Head of Marketing at communications, content and creative agency RGC Media & Mktng, MBA News Australia and Online MBA Australia. He holds a Diploma of Creative Arts and is Google Accredited.