iShares Government Inflation ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Australian fixed income funds would cost $131 (0.26% a year), so ILB is $35 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 6 securities · top 10 = 99.9%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.2 | 1.2 | −1.2 | 0.8 | 1.0 | 0.6 | −0.5 | −0.4 | −0.5 | 1.0 | 1.8YTD | ||
| 2025 | 0.1 | 0.6 | −0.4 | 1.0 | −0.1 | 0.9 | 0.2 | 0.9 | 0.8 | 0.3 | −0.9 | −0.6 | 3.0 |
| 2024 | −1.1 | −0.2 | 1.5 | −1.9 | −0.2 | 0.0 | 2.1 | 0.6 | 0.6 | −2.6 | 1.1 | −0.7 | −1.0 |
| 2023 | 4.4 | −2.0 | 4.1 | −0.2 | −0.1 | −2.5 | 1.1 | 0.3 | −2.2 | −1.4 | 2.7 | 4.6 | 8.9 |
| 2022 | −1.6 | −1.6 | −3.6 | −2.1 | −2.1 | −2.4 | 5.2 | −3.0 | −4.5 | 5.0 | 2.5 | −2.6 | −10.8 |
| 2021 | −1.2 | −3.7 | 0.7 | 1.7 | 1.1 | 0.7 | 2.5 | −0.3 | −2.2 | −2.3 | 2.1 | 2.4 | 1.1 |
| 2020 | 2.8 | 0.0 | −5.2 | 0.2 | 2.2 | 1.0 | 3.6 | −1.7 | 1.3 | 0.6 | 0.6 | 1.0 | 6.4 |
| 2019 | 1.2 | 0.4 | 2.1 | 0.6 | 3.2 | −0.2 | 1.3 | 0.8 | 1.0 | −1.1 | 1.2 | −1.6 | 9.1 |
| 2018 | −0.3 | 0.3 | 1.6 | −1.2 | 1.0 | 1.0 | −0.4 | 0.4 | −0.5 | 0.4 | 0.1 | 0.9 | 3.2 |
| 2017 | 0.1 | 0.3 | 0.6 | 0.8 | 1.9 | −2.3 | 0.1 | 0.0 | −0.9 | 0.9 | 2.2 | −0.8 | 2.9 |
| 2016 | 0.1 | 0.2 | 0.9 | −1.3 | −0.2 | 1.9 | 2.7 | −0.9 | −0.5 | −0.4 | −2.7 | 0.8 | 0.6 |
| 2015 | 1.5 | 2.3 | 0.4 | −1.8 | −0.7 | −1.4 | 1.1 | 0.5 | −0.2 | 0.3 | 0.1 | −0.1 | 2.0 |
| 2014 | 1.5 | 0.7 | −0.0 | 1.6 | 2.7 | 1.4 | 0.1 | 1.5 | −1.3 | 1.1 | 2.3 | 2.5 | 14.7 |
| 2013 | −0.8 | 2.4 | −0.2 | 1.5 | −2.1 | −4.1 | 0.2 | −0.6 | 0.5 | 1.1 | −2.2 | 1.9 | −2.4 |
| 2012 | 3.3 | 5.3 | −1.7 | 0.5 | 0.3 | 0.8 | 0.8 | −0.9 | −1.2 | 7.2 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
ILB questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is iShares Government Inflation ETF?
iShares Government Inflation ETF holds 6 securities.
Its country exposure is almost entirely Australia (100.0%), based on holdings as at 2 Sept 2026.
Which ETFs does ILB double up with most?
ILB shares the most holdings with iShares Treasury ETF (IGB) (95% overlap), iShares 15+ Year Australian Government Bond ETF (ALTB) (79% overlap) and iShares Core Composite Bond ETF (IAF) (49% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 95%, owning both ILB and IGB would mostly double up on the same investments rather than spread your money further. Of these, ALTB has the lowest fee, at 0.15% a year against 0.18% for ILB.
How is iShares Government Inflation ETF managed – active or passive?
iShares Government Inflation ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Australian fixed income funds, active funds charge a median 0.43% a year and index funds 0.22%.
What will I pay in fees for ILB?
ILB charges a management fee of 0.18% a year, about $18 for every $10,000 invested. That is cheaper than 87% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Australian fixed income funds, the median is 0.24%.
Lower-cost funds with a similar focus include Vanguard Australian Fixed Interest Index ETF (VAF) at 0.10%, iShares Core Composite Bond ETF (IAF) at 0.10% and Vanguard Australian Government Bond Index ETF (VGB) at 0.16%.
If you would rather have a manager choose the investments, active options such as Betashares Australian Hybrids Active ETF (HBRD) at 0.55% and Macquarie Subordinated Debt Active ETF (MQSD) at 0.29% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.06% for ILB.
Does iShares Government Inflation ETF follow a theme?
No. iShares Government Inflation ETF is a broad fixed income fund: it aims to cover a wide slice of its market (Australia) rather than one theme or sector.
What is under the hood of ILB?
As at 2 Sept 2026, the largest issuers among ILB's holdings are AUSTRALIA (COMMONWEALTH OF) RegS (95.0% across 6 bonds), New South Wales Treasury Corp (3.2%), Queensland Treasury Corp (1.3%), Australian Capital Territory (0.2%), Aust Capital Territory (0.1%) and Treasury Corp Victoria (0.0%).
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings.
How well has iShares Government Inflation ETF performed?
Based on its category, iShares Government Inflation ETF aims mainly to pay a regular income, with capital growth secondary.
To 23 Oct 2026, with distributions reinvested, it returned −0.9% over 1 year (median 0.4%; ranked 25 of 36), 3.5% a year over 3 years (median 4.5% a year; ranked 27 of 27) and 0.4% a year over 5 years (median 1.4% a year; ranked 16 of 22). The medians and rankings compare it with Australian fixed income funds. Since listing in 2012 it has returned 2.9% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for ILB; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.18% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.