iShares S&P/ASX 20 ETF (ILC) Review & Analysis
- −1.5% in September (total return), ahead of the median Australian shares ETF at −2.1%.
- The unit price closed the month at $34.73, 5% below its 12-month high (range $31.11 to $36.51).
About ILC
ILC holds the 20 largest companies on the ASX. It tracks the S&P/ASX 20 Index and is passively managed, so it simply owns the country's biggest blue chips in proportion to their size.
That makes it very concentrated. BHP and Commonwealth Bank together make up a large share of the fund, and with the other major banks, Macquarie, CSL and Wesfarmers, financials and materials account for most of it. The upside is a portfolio of large, established businesses that tend to pay generous, well-franked dividends, which suits Australian taxpayers and retirees. The downside is that returns depend heavily on a few companies and on the banking and mining cycles, and you miss out on the hundreds of mid-sized and smaller companies outside the top 20. There is no currency risk.
ILC may suit investors who prefer a blue-chip, income-oriented Australian holding. Alternatives include SFY (top 50) and IOZ (top 200), while EX20 holds everything outside the top 20; see ILC vs SFY and ILC vs EX20.
ILC distributions and dividend dates
ILC pays distributions half-yearly, usually going ex-distribution in April and October, with payment about 12 days after the ex-date. (Pattern estimated from recent payments.)
The latest distribution was $0.4882 per unit (90% franked), ex-distribution on 8 October 2026 and paid on 20 October 2026. To receive it you need to own ILC before the ex-date.
Its distribution yield over the past 12 months is about 3.6%, with distributions around 90% franked. Distributions vary and past payments are not a guide to future ones.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
Compare ILC with
| Fee | 0.24% | 0.05% |
| 1 year | +6.2% | +2.6% |
| 5 yrs p.a. | +7.9% | +6.8% |
| Size | $793m | $9.7bn |
| Fee | 0.24% | 0.05% |
| 1 year | +6.2% | +2.6% |
| 5 yrs p.a. | +7.9% | +6.7% |
| Size | $793m | $6.5bn |
| Fee | 0.24% | 0.20% |
| 1 year | +6.2% | +4.3% |
| 5 yrs p.a. | +7.9% | +7.3% |
| Size | $793m | $706m |
| Fee | 0.24% | 0.76% |
| 1 year | +6.2% | +1.8% |
| 5 yrs p.a. | +7.9% | +5.6% |
| Size | $793m | $696m |
ILC price by TradingView
| Stock Code | ILC |
|---|---|
| Fund Manager | iShares |
| Asset Class | Australian shares |
| AUM | $793m |
| MER (%) | 0.24% |
| Net flows (Sep) | $0.0m |
| Last Price | $34.73 |
| 52-Week Range | $31.11 – $36.51 |
| Bid/Ask Spread | 0.05% |
| Listing Date | 09/12/2010 |
| Exchange | ASX |
| Index tracked | S&P/ASX 20 Index |
| Issuer website | iShares ↗ |
Performance (% return)
$10,000 invested…
Value at 30 September 2026 with distributions reinvested, before tax and brokerage.
Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.
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