Key highlights

  • IIGF holds 26 companies, with its top 10 holdings making up 46.93% of the fund.
  • About 62.44% of the fund is in Australia, with 17.42% in the United States, 10.90% in Canada and 9.24% in the United Kingdom.
  • The fund size is $85.28 million, the management fee is 0.97% and the ETF was admitted to the ASX on 6 October 2020.

Active equity ETFs pass the stock-selection decisions to a manager, and some deliberately look beyond the Australian share market for ideas. The Intelligent Investor Equity Growth Fund Active ETF (ASX:IIGF) is an Australian-listed fund that holds a concentrated mix of Australian and overseas companies. It was admitted to the ASX on 6 October 2020 and is classified by Morningstar as Equity Australia Large Blend, with the S&P/ASX 200 Accumulation plus 2% TR AUD index as its benchmark.

This article explains the exposure that IIGF provides, based on its ASX fund page, including its sector mix, its geographic split, its largest holdings, its fee, its distribution history and its recent filings. It does not include return data or advice.

What the fund is designed to do

According to the fund’s description, portfolio constituents are a mix of high-growth stocks where the managers believe earnings will grow faster for longer than the market expects, and stocks whose slower and more stable earnings growth has been excessively discounted for temporary reasons, resulting in a depressed valuation. In practice, that places the portfolio between a pure growth style and a value style.

The fund holds 26 companies, a concentrated line-up compared with broad index funds, and its geographic spread is far wider than that of most Australian large-blend funds in its category. Cash represents 6.36% of the portfolio, compared with a category average of 1.26%. The fund size is $85.28 million with 29,105,535 units outstanding, and its average daily trading volume is 26,924 units.

Sector allocation

By Morningstar sector, IIGF’s largest weightings are Financial Services (28.37%), Communication Services (19.66%), and Technology (17.14%). Relative to its Morningstar category average, the fund holds a higher share in Communication Services (19.66 vs 3.95%), Technology (17.14 vs 3.32%), and Consumer Cyclical (16.60 vs 7.24%). It holds a lower share than the category average in Basic Materials (7.44 vs 26.24%), Healthcare (4.70 vs 6.88%), Real Estate (3.16 vs 5.75%), Consumer Defensive (0.00 vs 3.68%), and Industrials (0.00 vs 6.74%). The remaining listed sectors are Consumer Cyclical (16.60%), Basic Materials (7.44%), Healthcare (4.70%), Real Estate (3.16%), Energy (2.93%), Consumer Defensive (0.00%), and Industrials (0.00%).

The fund’s positions in online classified businesses and software companies explain much of its higher Communication Services and Technology exposure.

Asset mix, company size and geography

Stocks account for 93.63% of the fund and cash for 6.36%, with no bonds or other assets. By company size, 89.77% of the fund is in companies above $1 billion and 10.24% in companies between $500 million and $1 billion, with none below $500 million. The category averages are 92.40%, 6.82% and 0.79%.

By geography, Australia accounts for 62.44% of the fund, the United States for 17.42%, Canada for 10.90% and the United Kingdom for 9.24%. The category average has Australia at 94.32% and the United States at 3.51%, so IIGF has materially more overseas exposure than a typical Australian large-blend fund.

Top holdings

The ten largest holdings account for 46.93% of the fund, with 53.06% across the other 16 positions. They are Fairfax Financial Holdings at 5.53%, Dicker Data (ASX:DDR) at 5.48%, Mineral Resources (ASX:MIN) at 4.85%, Constellation Software at 4.67%, Eagers Automotive (ASX:APE) at 4.61%, Lovisa Holdings (ASX:LOV) at 4.44%, ResMed CDIs at 4.40%, Autotrader Group at 4.34%, Rightmove at 4.30% and AUB Group (ASX:AUB) at 4.27%.

The list combines Australian companies in technology distribution, resources, automotive retail, jewellery retail and insurance broking with Canadian, British and US-listed names, which accounts for the overseas weighting shown above.

Distributions

IIGF’s most recent distribution was a final distribution of $0.206 per unit, with an ex-date of 29 June 2026, a record date of 30 June 2026 and a payment date of 23 July 2026. Previous distributions were $0.017 in January 2026, $0.028 in July 2025, $0.027 in January 2025 and $0.012 in July 2024, so the July payments have generally been the larger ones.

Fund snapshot and recent filings

On the ASX page, IIGF showed a last price of $2.94, up 0.34% on the previous close of $2.93, a bid-offer range of $2.93 to $3.08, a day range of $2.93 to $2.95 and a trading volume of 3,142 units. The management fee is 0.97% and the ISIN is AU0000103012. Its head office is at Level 2, 66 Clarence Street, Sydney.

Recent announcements include the quarterly report for September 2026 lodged on 21 October 2026, the monthly units on issue notice and a portfolio update for September 2026 on 5 October, the annual report to unitholders on 28 September and the units on issue notice for August on 3 September 2026.

What IIGF’s exposure comes to

IIGF provides concentrated exposure to 26 companies, with a higher weighting to communication services, technology and consumer cyclical stocks than its category and about 38% of the portfolio outside Australia. It carries a 0.97% management fee.