Key Highlights

  • The fund aims to outperform the S&P/ASX Bank Bill Index and holds 91 securities.
  • Cash makes up 85.96% of the portfolio and bonds 14.04%.
  • The management fee is 0.12% and the fund size is $742.88 million.
  • The October 2026 distribution of $0.471 is higher than the $0.363 paid in September.

iShares Enhanced Cash ETF (ASX:ISEC) seeks to achieve its objective by employing a passive investment strategy that aims to outperform the S&P/ASX Bank Bill Index. The fund was admitted to the ASX on 6 June 2017 and last traded at $100.41 on 13 October 2026. It reports a fund size of $742.88 million and sits in the Australian Short Term Fixed Interest category.

Detail

Information

Ticker

ASX:ISEC

Fund

iShares Enhanced Cash ETF

Category

Australian Short Term Fixed Interest

Benchmark

S&P/ASX Bank Bill TR AUD

Fund size

$742.88 million

Management fee

0.12%

Total holdings

91

ASX admission date

6 June 2017

Portfolio composition

Cash accounts for 85.96% of the fund and bonds for 14.04%, against 37.34% and 57.83% for the category. The ten largest positions represent 14.29%. Kiwibank (5.4814%) leads at 2.08%, followed by Royal Bank of Canada, Sydney Branch (4.9163%) at 2.02% and Macquarie Bank (5.0965%) at 1.61%.

Liberty Financial and Cooperatieve Rabobank each hold 1.35%, ASX Ltd and Commonwealth Bank 1.34%, Canadian Imperial Bank of Commerce 1.31%, AMP Bank 1.11% and Great Southern Bank 0.74%.

Geographic mix

Australia represents 53.42% of the fund, well below the 72.94% category figure. Canada holds 17.31%, New Zealand 14.81%, the Netherlands 9.62% and South Korea 4.84%.

The fund's beta of 1.48 and standard deviation of 0.15 reflect the low price movement typical of cash products.

Fee and distributions

The management fee is 0.12% a year. 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 4.38%.

The amount varies month to month: it compares with $0.363 in September, $0.467 in August, $0.286 in July and $0.366 in June, so it is the highest of the five periods listed.

Category classification and liquidity

Morningstar places the fund in the Australian Short Term Fixed Interest category, which covers funds investing primarily in highly liquid securities such as bank deposits and bank bills, with some direct fixed-interest securities, high-quality corporate debt and asset-backed securities, an expected maturity of under two years and an average credit quality typically of AA or above.

Liquidity indicators add a further view. There are 7,402,164 units on issue, and average daily trading volume is 19,125 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 4,600 to 69,000 units, with 69,026 recorded on 13 October while the market was still open. The bid-offer range stood at $100.37 to $100.42, and the day range at $100.38 to $100.41. 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.

Closing Perspective

ISEC holds mostly cash with a smaller bond sleeve, and 46.58% of the portfolio is issued outside Australia. Its 0.12% fee is modest, and its monthly distributions have moved between $0.286 and $0.471. These facts describe the fund and do not forecast outcomes.