iShares BILL ETF (ASX:BILL)

iShares Core Cash ETF

About the BILL ETF

BILL ETF aims to achieve capital preservation and regular monthly income with a diversified portfolio of high quality short-term money market instruments.

The BILL ETF adopts a passive investment strategy that aims to track performance of the S&P/ASX Bank Bill Index (before fees and expenses). The Fund offers the ability to achieve capital preservation and regular monthly income.

The BILL ETF is managed by iShares / BlackRock, has net assets of more than $400 million and commenced trading in June 2017.

The ETF invests in highly-liquid and transparent institutional-quality investments and is heavily diversified with the top 10 holdings making up less than 55% of the funds' total assets (as at December 2023)

BILL ETF Performance Review

3.96

1.73

1.41

1.52

4.45

Data Current To: 31/12/2023

Our review of BILL ETF

A cash fund, consisting of high quality, short term market instruments

Truly liquid, only holding investments that can be sold on a same day basis

What we like about the BILL ETF

Institutional quality exposure

Liquid fund that only invests in securities that can be sold on a same day basis

Monthly income

Good diversification for a cash fund with 56 holdings as at 31 December 2023

Things to be aware of about the BILL ETF

When compared to holding deposits with a bank, no access to Financial Claims System bank guarantee

BILL ETF Investment Strategy

The Fund offers the ability to achieve capital preservation and regular income with a diversified portfolio of high quality short-term money market instruments. The Fund is truly liquid and only holds investments in instruments that can be sold on a same day basis.

What does the BILL ETF Invest In?

BILL is a Cash ETF.

BILL ETF invests in a diversified portfolio of high quality short-term money market instruments. The Fund is highly liquid and only holds investments in instruments that can be sold on a same day basis.

BILL ETF Credit Quality

A detailed breakdown of the credit quality is expressed below.

BILL Frequently Asked Questions

What index does the BILL ETF aim to replicate?

The BILL ETF aims to replicate the S&P / ASX Bank Bill Index.

How often does BILL ETF pay distributions?

The distribution frequency of BILL is Monthly.

When did the BILL ETF start?

The inception date of the BILL ETF was 06/06/2017.

What are the net assets of the BILL ETF?

BILL has net assets of $740.5m (AUD) as of 31/12/2023.

What are the number of holdings in the BILL ETF?

Total number of holdings in BILL is 56 as of 31/12/2023.

What are the management fees for the BILL ETF?

The annual management fees for the BILL ETF are 0.07% p.a. Learn more about ETF fees in this article.

How can I invest in the BILL ETF?

BILL is an Exchange Traded Fund, and units may be bought or sold on the ASX like shares. Learn how to buy and sell ETFs in this article.

Does the BILL ETF have a minimum investment amount?

No, there is no minimum to invest in the BlackRock BILL ETF. Exchange Traded Funds in general do not have a minimum investment amount required by the issuer. However, if you choose to invest through a broker, they may choose to set their own minimum investment amount.

Are there any performance fees associated with the BILL ETF?

No, BILL has no performance fee. This is one of the advantages of Exchange Traded Funds, as they are traded like shares, you’ll generally only pay a commission to buy or sell units and an ongoing management fee.

BILL ETF News

BetaShares AAA ETF in the Spotlight (February 28th, 2024)

About The Issuer Of The BILL ETF: BlackRock

For more than 30 years, BlackRock has offered a range of solutions for institutions, financial professionals and individuals, to help them take control of their financial security.