• ICME is an active credit income ETF admitted to the ASX on 21 November 2025.
  • The fund holds 58 securities, with Australia at 64.63% of reported exposure.
  • The ten largest holdings account for 37.03% of the portfolio.
  • The management fee is 0.29% and distributions are monthly.

The iShares Credit Income Active ETF (ASX:ICME) is an actively managed credit fund that sits in the Diversified Credit category. It was admitted to the ASX on 21 November 2025 and is measured against the RBA Official Cash Rate. The fund holds 58 securities. Key details are in the table below.

Fund name

iShares Credit Income Active ETF

ASX code

ICME

Category

Diversified Credit

Benchmark

RBA Official Cash Rate

Management fee

0.29%

Last price (23 October 2026 session)

$99.18

Admitted to ASX

21 November 2025

What exposure does ICME offer?

ICME aims to provide investors with monthly income generally sourced from higher yielding Australian fixed income securities. The reported portfolio is 97.08% bonds, with Australia at 64.63% of exposure and France at 14.16%. The largest holdings are corporate issuers such as HSBC, Engie, Verizon, Commonwealth Bank, CDC Data Centres, AusNet Services and Australia Pacific Airports (Melbourne).

The Diversified Credit category covers funds that invest in Australian and global credit securities with a focus on credit selection. Funds in the category can hold sub-investment grade and unrated issues, although the average credit quality is typically BBB or above.

Portfolio composition

Reported asset allocation is bonds 97.08%, other assets 5.62% and cash 0.12%. By region, the largest weightings are Australia (64.63%), France (14.16%), the United States (9.67%), the United Kingdom (5.54%) and Spain (4.06%). The fund reports 58 holdings, and the ten largest account for 37.03% of the portfolio. The leading positions include HSBC Holdings PLC 6.5363% (4.72%), Engie SA 6.481% (4.12%) and Verizon Communications Inc. 6.7763% (4.10%).

Fees, price and distributions

The management fee is 0.29%. The last quoted price was $99.18 during the 23 October 2026 session. The latest distribution was $0.629 per unit, with an ex-date of 8 October 2026, a record date of 2 October 2026 and a payment date of 20 October 2026. Distributions are made monthly.

Who ICME may suit

The fund may be of interest to investors who want an actively managed credit portfolio that targets monthly income and uses a cash-rate benchmark. The portfolio is relatively concentrated, with the ten largest holdings making up 37.03% of the fund, and the reported allocation figures add up to more than 100%. The latest distribution was $0.629 per unit and the management fee is 0.29%.

Final takeaways

ICME is a relatively new active credit ETF with 58 holdings and a monthly distribution schedule. The details above summarise its structure, composition and fee, and further information is available through the ASX announcements.