iShares ICOR ETF (ASX:ICOR)

iShares Core Corporate Bond ETF

Ethical

About the ICOR ETF

The ICOR ETF is managed by iShares and aims to provide investors with low cost access to the Australian investment grade corporate bond market. The ICOR ETF attempts to provide a high yield with diversified investment exposures. ICOR ETF was launched in May 2020 and has net assets of $148 million. ICOR ETF aims to track the performance of the index Bloomberg AusBond Credit 0+ Yr Index, which is designed to measure the performance of the Australian corporate bond market and includes investment grade fixed income securities issued by corporate entities.

ICOR ETF Performance Review

6.7

-1.06

0.17

3.83

4.89

Data Current To: 31/12/2023

Our review of ICOR ETF

An investment grade, Australian corporate bond portfolio that includes international corporations issuing AUD bonds

Incorporates ESG awareness by screening out companies involved in controversial weapons, fossil fuels, tobacco, civilian firearms and UN compact violators

What we like about the ICOR ETF

Low 0.15% fee

Well diversified with top 10 holdings less than 10% of the portfolio as at 31 December 2023

Takes interest rate risk

High quality portfolio with around 70% of securities rated single A or above as at 31 December 2023

Things to be aware of about the ICOR ETF

The fund has increased holdings to lower rated investments over the last 12 months

iShares does not disclose the average credit rating of the portfolio

ICOR ETF Investment Strategy

The Fund aims to provide investors with the performance of an index, before fees and expenses. The index is designed to measure the performance of the Australian corporate bond market and includes investment grade fixed income securities issued by corporate entities.

What does the ICOR ETF Invest In?

ICOR is a Corporate Bond ETF.

The ICOR ETF invests in Australian investment grade corporate bonds. The ICOR ETF incorporates ESG awareness by screening out companies involved in controversial weapons, fossil fuels, tobacco, civilian firearms and UN compact violators.

ICOR ETF Credit Quality

A detailed breakdown of the credit quality is expressed below.

ICOR Frequently Asked Questions

What index does the ICOR ETF aim to replicate?

The ICOR ETF aims to replicate the Bloomberg AusBond Credit 0+ Yr Index.

How often does ICOR ETF pay distributions?

The distribution frequency of ICOR is Quarterly.

When did the ICOR ETF start?

The inception date of the ICOR ETF was 27/05/2020.

What are the net assets of the ICOR ETF?

ICOR has net assets of $148.8m (AUD) as of 31/12/2023.

What are the number of holdings in the ICOR ETF?

Total number of holdings in ICOR is 285 as of 31/12/2023.

What are the management fees for the ICOR ETF?

The annual management fees for the ICOR ETF are 0.15% p.a. Learn more about ETF fees in this article.

How can I invest in the ICOR ETF?

ICOR 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 ICOR ETF have a minimum investment amount?

No, there is no minimum to invest in the BlackRock ICOR 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 ICOR ETF?

No, ICOR 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.

About The Issuer Of The ICOR 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.