Intelligent Investor Ethical Share Fund - Active ETF (INES) Review & Analysis

MER · #444 of 514AUM · #332 of 5081Y Return · #386 of 4263Y Return · #219 of 3005Y Return · #179 of 225

What's new this monthData to 30 September 2026

−5.1% in September (total return), behind the median Australian shares ETF at −2.1%.
Investors withdrew a net $1.9m (-3.2% of the fund).
The unit price closed the month at $3.14, 21% below its 12-month high (range $3.01 to $4.00).

About INES

INES is an Australian shares ETF from Intelligent Investor, listed on the ASX since June 2019. With $58m under management it is number 56 of 81 Australian shares ETFs by size. The management fee is 0.97% a year, about $97 on every $10,000 invested, dearer than the typical Australian shares ETF at 0.35%.

Over five years it has returned +1.3% a year including distributions, against +5.9% for the median Australian shares ETF.

INES distributions and dividend dates

The latest distribution was $0.2649 per unit (4% franked), ex-distribution on 29 June 2026 and paid on 23 July 2026. To receive it you need to own INES before the ex-date.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare INES Check overlap Intelligent Investor website ↗

Compare INES with

INESvsIIGF

Intelligent Investor Eq Growth Fund Active ETF

Fee	0.97%	0.97%
1 year	−10.6%	−4.0%
5 yrs p.a.	+1.3%	+2.1%
Size	$58m	$82m

Same holdingsNo holdings data

Full comparison →

INESvsINIF

Intelligent Investor Aus Eq Inc Fund - Active ETF

Fee	0.97%	0.97%
1 year	−10.6%	+1.6%
5 yrs p.a.	+1.3%	+4.1%
Size	$58m	$65m

Same holdingsNo holdings data

Full comparison →

INESvsAEAE

Australian Ethical High Conviction Fund - Active ETF

Fee	0.97%	0.69%
1 year	−10.6%	−9.6%
5 yrs p.a.	+1.3%	–
Size	$58m	$11m

Same holdingsNo holdings data

Full comparison →

INESvsVAS

Vanguard Australian Shares Index ETF

Fee	0.97%	0.07%
1 year	−10.6%	+2.2%
5 yrs p.a.	+1.3%	+6.5%
Size	$58m	$26.7bn

Same holdingsNo holdings data

Full comparison →

INES price by TradingView

Stock Code	INES
Fund Manager	Intelligent Investor
Asset Class	Australian shares
AUM	$58m
MER (%)	0.97%
Net flows (Sep)	−$1.9m
Last Price	$3.14
52-Week Range	$3.01 – $4.00
Bid/Ask Spread	0.56%
Listing Date	12/06/2019
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Intelligent Investor ↗

Performance (% return)

1 month−5.1%

1 year−10.6%

3 years p.a.+6.2%

5 years p.a.+1.3%

$10,000 invested…

1 year ago$8,9373 years ago$11,9625 years ago$10,667

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.

INES at a glance: strengths and things to watch

👍 Strengths

Nothing stands out against its category.

⚠️ Things to watch

Higher fee. At 0.97% a year it costs more than 88% of Australian shares ETFs (median 0.35%), or about $62 a year more on every $10,000.
Behind its peers. +1.3% a year over 5 years, against +5.9% for the median Australian shares ETF.
Wider trading spread. 0.56% between the buy and sell price. Use a limit order.

Worked out from INES's fees, size, flows, returns and trend against the 83 Australian shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 15 Oct 2026

INES is in a base. Here's why that matters.

INES's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet. Its price is 10.2% below its 12-month high.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

INES weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Exposure Regions

Australia

Themes & Sectors

Active ETFs

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
IIGF	Intelligent Investor Eq Growth Fund Active ETF Active	–	0.97%	$82m	−4.0%	+5.0%	+2.1%
INIF	Intelligent Investor Aus Eq Inc Fund - Active ETF Active	–	0.97%	$65m	+1.6%	+7.2%	+4.1%
AEAE	Australian Ethical High Conviction Fund - Active ETF Active	–	0.69%	$11m	−9.6%	+4.5%	–
VAS	Vanguard Australian Shares Index ETF	–	0.07%	$26.7bn	+2.2%	+10.8%	+6.5%
A200	Betashares Australia 200 ETF	–	0.04%	$11.1bn	+2.9%	+11.0%	+6.9%
IOZ	iShares Core S&P/ASX 200 ETF	–	0.05%	$9.7bn	+2.6%	+10.8%	+6.8%

Same holdings is the share of INES's money in companies the other ETF also holds, weighted by size. No other ETF shares much with INES, so these are ETFs in the same category. See every ETF like INES →

INES vs its closest alternatives

What actually differs between INES and the ETFs most like it. Data to 30 Sep 2026.

IIGF Intelligent Investor Eq Growth Fund Active ETF

Both charge the same fee (0.97%).
Over 3 years, a year: INES +6.2%, IIGF +5.0% (INES ahead by 1.2 percentage points).

Compare INES and IIGF side by side →

INIF Intelligent Investor Aus Eq Inc Fund - Active ETF

Both charge the same fee (0.97%).
Over 3 years, a year: INES +6.2%, INIF +7.2% (INIF ahead by 1.1 percentage points).

Compare INES and INIF side by side →

AEAE Australian Ethical High Conviction Fund - Active ETF

AEAE is cheaper (0.69% vs 0.97%), worth about $17,469 on $100,000 over 20 years.
Over 3 years, a year: INES +6.2%, AEAE +4.5% (INES ahead by 1.6 percentage points).
INES is about 5 times larger ($58m vs $11m), which usually means tighter trading spreads.

Compare INES and AEAE side by side →

General information only. Past performance is not a reliable indicator of future performance.

INES FAQs

What is the fee for INES?

INES charges a management fee (MER) of 0.97% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is INES?

INES had $58m in funds under management as at 30 September 2026.

How has INES performed?

INES returned −10.6% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +6.2% a year. Past performance is not a reliable indicator of future performance.

Who manages INES?

INES is managed by Intelligent Investor and has been listed since June 2019.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Intelligent Investor product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.