• IYLD tracks a custom Bloomberg AusBond Credit and FRN index that excludes the big four banks.
  • The portfolio is 92.09% bonds and 7.92% cash across 381 holdings.
  • Australia represents 42.59% of reported exposure.
  • The management fee is 0.12% and distributions are monthly.

The iShares Yield Plus ETF (ASX:IYLD) tracks a custom Bloomberg AusBond Credit and FRN index that excludes the four major Australian banks. It sits in the Diversified Credit category and has been listed since 29 May 2020. The fund holds 381 securities and carries a management fee of 0.12%. The table below summarises its key details.

Fund name

iShares Yield Plus ETF

ASX code

IYLD

Category

Diversified Credit

Benchmark

BBg AusBond Cre & FRN Ex B4 Banks TR AUD

Management fee

0.12%

Last price (23 October 2026 session)

$99.06

Admitted to ASX

29 May 2020

What exposure does IYLD offer?

IYLD seeks to track the performance of a custom Bloomberg AusBond Credit and FRN Ex Big 4 Banks Index, using stratified sampling to choose a subset of index-eligible securities that behaves like the index. The portfolio is 92.09% bonds and 7.92% cash. Australia accounts for 42.59% of reported exposure, followed by Canada at 13.41%, Singapore at 7.82% and the Netherlands at 7.18%.

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

The fund's reported asset allocation comprises bonds 92.09% and cash 7.92%. By region, the largest weightings are Australia (42.59%), Canada (13.41%), Singapore (7.82%), the Netherlands (7.18%) and the United States (6.56%). The fund reports 381 holdings, and the ten largest account for 10.40% of the portfolio. The leading positions include CPPIB Capital Inc 4.2% (1.28%), United Overseas Bank Limited (Sydney Branch) 5.2044% (1.19%) and Toyota Finance Australia Ltd 5.8432% (1.18%).

Fees, price and distributions

The management fee is 0.12%. The last quoted price was $99.06 during the 23 October 2026 session. The latest distribution was $0.471 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. An annual yield of 4.59% is shown for the fund. Distributions are made monthly.

Who IYLD may suit

The fund may be of interest to investors who want credit and floating rate note exposure that leaves out the big four banks. Holdings are widely spread, with the ten largest accounting for 10.40% of the portfolio, and include CPPIB Capital, United Overseas Bank, Toyota Finance Australia, ING Bank and Alphabet. The latest distribution was $0.471 per unit with an annual yield of 4.59% shown.

Closing perspective

IYLD combines credit and floating rate exposure with a big-four-bank exclusion, 381 holdings and monthly distributions. The details above summarise its structure and fee, and further information is available through the ASX announcements.