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 cash funds would cost $92 (0.18% a year), so ISEC is $30 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 · 12 securities · top 10 = 17.8%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 3.6YTD | ||
| 2025 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 4.2 |
| 2024 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 4.7 |
| 2023 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 4.1 |
| 2022 | −0.0 | 0.0 | 0.0 | −0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 1.3 |
| 2021 | 0.0 | 0.0 | −0.0 | 0.0 | 0.0 | −0.0 | 0.0 | 0.0 | −0.0 | 0.0 | −0.0 | 0.0 | 0.1 |
| 2020 | 0.1 | 0.1 | −0.0 | 0.1 | 0.0 | −0.0 | 0.1 | 0.0 | −0.0 | 0.1 | 0.1 | 0.0 | 0.6 |
| 2019 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 1.8 |
| 2018 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 2.0 |
| 2017 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 1.1 |
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.
ISEC questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is iShares Enhanced Cash ETF?
iShares Enhanced Cash ETF holds 12 securities.
Its largest country exposure is Australia at 68.5%, based on holdings as at 2 Sept 2026.
Which ETFs does ISEC double up with most?
No other ASX fund shares more than 10% of its holdings with ISEC, and no fund's returns track it closely, so it offers a fairly distinct exposure.
How is iShares Enhanced Cash ETF managed – active or passive?
iShares Enhanced Cash ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
What will I pay in fees for ISEC?
ISEC charges a management fee of 0.12% a year, about $12 for every $10,000 invested. That is cheaper than 93% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Australian cash funds, the median is 0.18%.
Lower-cost funds with a similar focus include iShares Core Cash ETF (BILL) at 0.07%.
If you would rather have a manager choose the investments, active options such as Betashares Australian Cash Plus Active ETF (MMKT) at 0.18% and Vaneck Cash Plus Active ETF (MONY) at 0.15% 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 0.02% for ISEC.
Does iShares Enhanced Cash ETF follow a theme?
No. iShares Enhanced Cash ETF gives straightforward exposure to cash and short-term deposits rather than following a theme.
What is under the hood of ISEC?
As at 2 Sept 2026, the largest issuers among ISEC's holdings are MACQUARIE BANK LTD RegS (3.9%), KIWIBANK LTD MTN RegS (2.1%), ROYAL BANK OF CANADA (SYDNEY BRANC MTN RegS (2.0%), MACQUARIE BANK LTD MTN RegS (1.6%), TOYOTA FINANCE AUSTRALIA LTD MTN RegS (1.5% across 2 bonds), LIBERTY FINANCIAL PTY LTD MTN RegS (1.4%), Commonwealth Bank of Australia Mtn (1.4%), Cooperatieve Rabobank Ua (Sydney B Mtn (1.4%), AMP BANK LTD MTN RegS (1.1%) and Credit Union Australia Ltd Mtn (0.7%).
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings.
How well has iShares Enhanced Cash ETF performed?
Based on its category, iShares Enhanced Cash ETF aims mainly to pay a regular income, with capital growth secondary.
To 23 Oct 2026, with distributions reinvested, it returned 4.3% over 1 year, 4.5% a year over 3 years and 3.6% a year over 5 years. The medians and rankings compare it with Australian cash funds. Since listing in 2017 it has returned 2.5% 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 ISEC; 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 0.12% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.