iShares Yield Plus ETF (ASX:IYLD): 381 Corporate and Floating-Rate Securities Excluding the Big Four Banks

Sonal Goyal

13 October 2026 08:01 PM AEDT

iShares Yield Plus ETF (ASX:IYLD): 381 Corporate and Floating-Rate Securities Excluding the Big Four Banks

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Key Highlights

The fund holds 381 securities, with the top ten at only 10.40%, and excludes the four major Australian banks.
Australia represents 42.59% of the portfolio, against 56.66% for the category, and Canada 13.41%.
The management fee is 0.12% and the fund reports a standard deviation of 0.94.
The October 2026 distribution of $0.471 is lower than the $0.476 paid in August.

iShares Yield Plus ETF (ASX:IYLD) seeks to achieve its objective by tracking the performance of a custom Bloomberg AusBond Credit and FRN Ex Big 4 Banks Index. The manager considers stratified sampling the most appropriate strategy, choosing a subset of index-eligible securities that behaves like the index. The fund was admitted to the ASX on 29 May 2020 and last traded at $98.89 on 13 October 2026.

Detail	Information
Ticker	ASX:IYLD
Fund	iShares Yield Plus ETF
Category	Diversified Credit
Benchmark	BBg AusBond Cre & FRN Ex B4 Banks TR AUD
Management fee	0.12%
Total holdings	381
ASX admission date	29 May 2020

Holdings

The ten largest positions represent 10.40% of the fund. CPPIB Capital (4.2%) leads at 1.28%, followed by United Overseas Bank Sydney Branch (1.19%), Toyota Finance Australia (1.18%), ING Bank Australia (1.13%) and CPPIB Capital (4.75%) at 1.00%.

DBS Bank Australia Branch holds 0.96%, Oversea-Chinese Banking Corp Sydney Branch 0.94%, Alphabet 0.93%, ASX Ltd 0.88% and Rabobank Australia Branch 0.86%.

Asset allocation and geography

Bonds account for 92.09% of the fund and cash for 7.92%, against 91.57% and 9.32% for the category. Australia represents 42.59% of the portfolio, Canada 13.41%, against 2.22%, Singapore 7.82%, the Netherlands 7.18% and the United States 6.56%.

France holds 5.48%, the United Kingdom 4.28%, Switzerland 2.42%, South Korea 2.22% and Germany 1.48%.

Fee, risk and distributions

The management fee is 0.12% a year. The fund reports a beta of 0.17 and a standard deviation of 0.94. IYLD pays monthly, and the interim distribution of $0.471 per unit had an ex-date of 8 October 2026, a record date of 9 October and payment on 20 October, equal to an annual yield of 4.60%.

That is higher than the $0.366 paid in September, $0.379 in July and $0.356 in June, but lower than the $0.476 paid in August.

Category classification and liquidity

Morningstar places the fund in the Diversified Credit category, which covers funds investing primarily in Australian and/or global credit securities, typically with active credit selection aimed at higher returns than government bonds, where average credit quality is typically BBB or above and sub-investment grade and unrated issues are permitted.

Liquidity indicators add a further view. Fund size and units on issue are not reported for this product, and average daily trading volume is 12,116 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 3,100 to 5,300 units, with 4,060 recorded on 13 October while the market was still open. The bid-offer range stood at $98.74 to $98.97, and the day range at $98.74 to $98.90. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer published Components of Distributions on 12 October, distribution reinvestment plan prices and the final distribution announcement on 8 October, monthly units-on-issue details on 7 October and an estimated distribution announcement on 6 October.

Final Takeaway

IYLD excludes the four largest banks from an Australian credit and floating-rate universe, which spreads exposure towards foreign bank branches, Canadian pension funds and corporates. The 0.12% fee is low, and monthly distributions have ranged from $0.356 to $0.476. These facts do not forecast outcomes.

FAQs

Q: What does iShares Yield Plus ETF (ASX:IYLD) track?

A:It tracks a custom Bloomberg AusBond Credit and FRN Ex Big 4 Banks Index.

Q: How many holdings does ASX:IYLD have?

A:The fund holds 381 securities.

Q: What is the management fee?

A:The management fee is 0.12% a year.

Q: How often are distributions paid?

A:Monthly, most recently $0.471 per unit payable on 20 October 2026.

Q: How much is invested in Australia?

A:Australia accounts for 42.59%.

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