Key Highlights

  • The fund is actively managed and holds 58 companies and issuers.
  • Bonds make up 97.08% of the portfolio, with Australia at 64.63% and France at 14.16%.
  • The management fee is 0.29%, and the fund targets monthly income.
  • The top ten holdings represent 37.03% of the fund, with HSBC, Engie and Verizon among the largest positions.

iShares Credit Income Active ETF (ASX:ICME) aims to provide investors with monthly income generally sourced from higher-yielding Australian fixed income securities. The units were listed at $98.47, and the management fee is 0.29%. The fund was admitted to the ASX on 21 November 2025, and it is managed on an active basis, so its holdings and weights reflect the manager's decisions rather than a fixed index.

Ticker

ASX:ICME

Listed price

$98.47

Management fee

0.29%

Benchmark

RBA Official Cash Rate

Holdings

58 companies

Portfolio make-up

Bonds make up 97.08% of the fund, with other Assets at 5.62% and cash at 0.12%. Australia accounts for 64.63%, France for 14.16%, the United States for 9.67%, the United Kingdom for 5.54% and Spain for 4.06%. The top ten make up 37.03%, with the largest positions being HSBC at 4.72%, Engie at 4.12%, Verizon at 4.10% and Commonwealth Bank at 3.72%.

The fund's concentration in its top holdings is noticeably higher than in the broad index funds in this series, reflecting its smaller number of issuers.

Income and costs

The management fee is 0.29%, and the fund's objective is monthly income. The listing shows no annual yield, so investors should look to the fund's distribution announcements for income details rather than a headline yield. Monthly distributions depend on the income earned across the portfolio, which can change as holdings are sold or repriced.

Risks to weigh

Credit risk is the main consideration, because the portfolio holds corporate and hybrid issuers that can lose value in a downturn. The active approach adds manager risk, and the fund's short listing history gives limited information on how it behaves through a full market cycle. Its larger weights to a smaller number of issuers can also increase the effect of any single credit event.

Final Word

The iShares Credit Income Active ETF offers an actively managed credit portfolio with a monthly income objective. Its recent listing and concentrated holdings mean investors will rely on the manager's credit selection, and the income it targets carries corresponding credit risk.