iShares S&P/ASX 20 ETF (ASX:ILC): Twenty-Six of Australia's Largest Companies, With BHP and CBA at 33%

Sonal Goyal

13 October 2026 06:37 PM AEDT

iShares S&P/ASX 20 ETF (ASX:ILC): Twenty-Six of Australia's Largest Companies, With BHP and CBA at 33%

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Key Highlights

The fund tracks the S&P/ASX 20 Total Return Index and holds 26 companies, with the top ten at 76.70%.
BHP (18.21%) and Commonwealth Bank (14.89%) together make up over a third of the fund.
The management fee is 0.24% and the fund size is $783.35 million.
The October 2026 distribution of $0.488 is higher than the $0.485 paid in October 2025.

iShares S&P/ASX 20 ETF (ASX:ILC) seeks to achieve its objective by tracking the performance of the S&P/ASX 20 Total Return Index. The fund was admitted to the ASX on 9 December 2010 and last traded at $34.43 on 13 October 2026. It reports a fund size of $783.35 million.

Detail	Information
Ticker	ASX:ILC
Fund	iShares S&P/ASX 20 ETF
Category	Equity Australia Large Blend
Benchmark	S&P/ASX 20 TR AUD
Fund size	$783.35 million
Management fee	0.24%
Total holdings	26
ASX admission date	9 December 2010

Concentration

The ten largest positions represent 76.70% of the fund. BHP Group leads at 18.21%, followed by Commonwealth Bank of Australia (14.89%), National Australia Bank (7.19%), Westpac Banking Corporation (7.07%) and ANZ Group Holdings (6.81%).

CSL holds 5.20%, Wesfarmers 5.12%, Macquarie Group 4.95%, Rio Tinto 3.65% and Woodside Energy 3.57%. Reported turnover is 7.23%.

Sector and country exposure

Financial Services holds 43.14% against 30.14% for the category, and Basic Materials 25.66%. Consumer Cyclical is 7.26%, Healthcare 5.22% and Consumer Defensive 4.69%. Industrials is 3.99%, below the 6.93% category weighting, and Technology has no weighting against 3.34%.

Australia represents 100% of the fund, and every holding exceeds $1 billion in market capitalisation. Cash is 0.35%.

Fee, risk and distributions

The management fee is 0.24% a year. The fund reports a beta of 1.05 and a standard deviation of 12.17. The interim distribution of $0.488 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 3.78%.

That is higher than the $0.294 paid in July, $0.317 in April, $0.199 in January and $0.485 in October 2025.

Category classification and liquidity

Morningstar places the fund in the Equity Australia Large Blend category, which covers funds investing primarily in large Australian companies, defined as stocks in the top 70% of the Australian equity market by capitalisation, with the blend style applied where neither growth nor value characteristics dominate.

Liquidity indicators add a further view. There are 22,844,870 units on issue, and average daily trading volume is 26,311 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 12,900 to 75,100 units, with 75,113 recorded on 13 October while the market was still open. The bid-offer range stood at $34.00 to $34.70, and the day range at $34.16 to $34.53. 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

ILC narrows the Australian market to its 20 largest companies, so banks and miners carry a higher combined weight than in broader funds. The 0.24% fee is above the 0.04% to 0.07% charged on wider ASX index funds. These facts describe construction only.

FAQs

Q: What does iShares S&P/ASX 20 ETF (ASX:ILC) track?

A:It tracks the S&P/ASX 20 Total Return Index.

Q: How many holdings does ASX:ILC have?

A:The fund holds 26 securities.

Q: What is the management fee?

A:The management fee is 0.24% a year.

Q: What is the largest holding?

A:BHP Group, at 18.21%.

Q: What was the latest distribution?

A:The interim distribution was $0.488 per unit, payable on 20 October 2026.

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