iShares S&P/ASX 20 ETF (ILC)

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100935-2023-10-26-02:34.pdf
FUND MANAGER BlackRock Investment Management (Australia)
INVESTMENT STYLE The Fund invests in a portfolio composed of the 20 largest Australian securities listed on the ASX.
INVESTMENT PROFILE The Fund aims to provide investors with the performance of the Benchmark, before fees and expenses.
BENCHMARK S&P/ASX 20 Accumulation Index
FUND SIZE S&P/ASX 20 Accumulation Index
FEES 0.24% p.a.



Benefits of iShares

iShares ETFs are managed funds listed or quoted on exchanges (including ASX) providing you with the opportunity to gain exposure to a diversified portfolio of assets in a single transaction.

The significant benefits of investing in the Funds include:

  • low cost access to diversified portfolios of Australian shares;
  • access to market capitalisation weighted, high dividend, minimum volatility and multiple-factor exposures; and
  • benchmarked to institutional-quality indices provided by leading index providers.

Other benefits of investing in iShares ETFs generally include:

  • Diversification: In contrast to a direct investment in a single company or bond, an iShares ETF provides, as far as possible and practicable, exposure to all of the securities or instruments within the index that the particular iShares ETF seeks to track.
  • Access global markets: iShares ETFs let you achieve international diversification by investing in overseas equity and bond markets. With iShares ETFs you can gain exposure by asset class, market capitalisation, country and sector.
  • Liquidity and transparency: Each iShares ETF seeks investment results that correspond generally to the performance (before fees and expenses) of a particular index. As a traded security, an iShares ETF enables you to enter and exit your holding on the ASX. You can easily track performance and trade during ASX trading hours (subject to ASX rules).
  • Managing risk: Investing in an iShares ETF can assist you in establishing a portfolio appropriate to your investment needs and risk profile.
  • Lower cost: As each iShares ETF is passively managed and designed to track the performance of a particular index, the expenses of managing an iShares ETF are generally lower compared to other forms of retail managed funds. However, brokerage or adviser fees may still apply when buying or selling units of an iShares ETF.
  • Receipt of income: You will generally receive income from your investment in the form of distributions. Distributions may include dividends, coupons and other income. There may be years in which no distributions are made.
  • Accessibility: iShares ETFs can offer a cost-effective way to gain exposure to a diversified portfolio of securities. They can be less costly than purchasing a large number of individual securities as there are less trading costs and they offer lower thresholds than an investor might otherwise be able to afford.




Key Features

About the Fund

The fund aims to provide investors with the performance of an index, before fees and expenses, composed of the 20 largest Australian securities listed on the ASX.

The index, the S&P/ASX 20 Accumulation Index, includes actively traded and highly liquid securities.

Why ILC?

  1. Low cost exposure to the 20 largest Australian stocks 
  2. Focused exposure to Australian blue chips 
  3. Use to customise your domestic stock allocation and target large caps


How we invest your money

The Fund seeks to achieve its objective by tracking the performance of the S&P/ASX 20 Total Return Index (referred to as the Index).

We believe that a full replication investment strategy is the most appropriate investment strategy to track the performance of the Index as risk relative to the Index is minimised. Our full-replication approach normally aims to purchase every security in the Index, while considering transaction costs.

What does the Fund invest in?

The Fund generally invests in the Australian equity securities that form the Index.

Generally, the Fund may also hold a small allocation of cash (or cash equivalents, that may include other BlackRock Group funds) for cash flow management purposes.

About the Index

The Index is designed to measure actively traded and highly liquid securities that are among the 20 largest securities listed on the ASX. The Index is the narrowest market capitalisation-based index in the S&P/ASX Index series.

For more information please see Section 6 of the PDS