Cash

BILL

iShares Core Cash ETF

Overview

This product is likely to be appropriate for a consumer:
• who is seeking capital preservation and/or income distribution
• using the product for a whole portfolio solution or less
• with no minimum investment timeframe, and
• with a very low risk/return profile
Last Trade Price: Last price as traded on the ASX (max. 20 minute delayed pricing).
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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Ex-Date Payment Date CPU
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Tax Summary

  1y 3y 5y 10y Incept.
4.55 3.00 1.90 - 1.86
Benchmark (%) 4.45 2.94 1.87 - 1.83
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
3.80 0.39 1.16 2.29 4.55 9.27 9.87 - 14.62
Benchmark (%) 3.70 0.37 1.11 2.23 4.45 9.09 9.68 - 14.40
  2019 2020 2021 2022 2023
Total Return (%) 1.51 0.39 0.01 1.25 3.96
Benchmark (%) 1.50 0.37 0.03 1.26 3.89
Performance Report

Incept.:
The date on which the first iShares ETF unit/share creation was processed.

The performance quoted represents past performance and does not guarantee future results.

It’s time to rethink your fixed income with bond ETFs

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Key Facts

Key Facts

Net Assets of Fund
as of 08-Nov-2024
AUD 659,686,430.430
Listing Date
06-June-2017
Fund Base Currency
AUD
Benchmark Index
S&P/ASX Bank Bill Index
Management Fee
0.07
Distribution Frequency
Monthly
Rebalance Freq
Daily
IRESS Ticker
BILL.AXW
SEDOL
BYT2D16
Inception Date
02-June-2017
Exchange
ASX - All Markets
Asset Class
Cash
Shares Outstanding
as of 08-Nov-2024
6,569,816
ISIN
AU00000BILL3
Domicile
Australia
Exchange Ticker
BILL
Bloomberg Ticker
BILL

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 08-Nov-2024
54
12m Trailing Yield
as of 07-Nov-2024
4.47%
Weighted Avg Maturity
as of 08-Nov-2024
0.16
Modified Duration
as of 08-Nov-2024
0.16
Weighted Avg YTM
as of 08-Nov-2024
4.47

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.

Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of 21-Sept-2024
AA
MSCI ESG Quality Score (0-10)
as of 21-Sept-2024
7.67
Fund Lipper Global Classification
as of 21-Sept-2024
Money Market AUD
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of 21-Sept-2024
3.88
MSCI Implied Temperature Rise (0-3.0+ °C)
as of 21-Sept-2024
> 2.5° - 3.0° C
MSCI ESG % Coverage
as of 21-Sept-2024
94.96
MSCI ESG Quality Score - Peer Percentile
as of -
-
Funds in Peer Group
as of 21-Sept-2024
11
MSCI Weighted Average Carbon Intensity % Coverage
as of 21-Sept-2024
72.82
MSCI Implied Temperature Rise % Coverage
as of 21-Sept-2024
72.10

What is the Implied Temperature Rise (ITR) metric? Learn what the metric means, how it is calculated, and about the assumptions and limitations for this forward-looking climate-related metric.

To address climate change, many of the world's major countries have signed the Paris Agreement. The temperature goal of the Paris Agreement is to limit global warming to well below 2°C above pre-industrial levels, and ideally 1.5 °C, which will help us avoid the most severe impacts of climate change.


What is the ITR metric?

The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. ITR employs open source 1.55° C decarbonization pathways derived from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). These pathways can be regional and sector specific and set a net zero target of 2050, in line with GFANZ (Glasgow Financial Alliance for Net Zero) industry standards. We make use of this feature for all GHG scopes. This enhanced ITR model was implemented by MSCI on February 19, 2024.


How is the ITR metric calculated?

The ITR metric is calculated by looking at the current emissions intensity of companies within the fund's portfolio as well as the potential for those companies to reduce its emissions over time. If emissions in the global economy followed the same trend as the emissions of companies within the fund's portfolio, global temperatures would ultimately rise within this band.


Note, only corporate issuers are covered within the calculation. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be found here.


Because the ITR metric is calculated in part by considering the potential for a company within the fund’s portfolio to reduce its emissions over time, it is forward-looking and prone to limitations. As a result, BlackRock publishes MSCI’s ITR metric for its funds in temperature range bands. The bands help to underscore the underlying uncertainty in the calculations and the variability of the metric.

Thermometer-style chart of yellow to red temperature bands showing an investment’s position relative to the Paris Agreement temperature goals. Metric data source MSCI

What are the key assumptions and limitations of the ITR metric?

This forward-looking metric is calculated based on a model, which is dependent upon multiple assumptions. Also, there are limitations with the data inputs to the model. Importantly, an ITR metric may vary meaningfully across data providers for a variety of reasons due to methodological choices (e.g., differences in time horizons, the scope(s) of emissions included and portfolio aggregation calculations).

There is not a universally accepted way to calculate an ITR. There is not a universally agreed upon set of inputs for the calculation. At present, availability of input data varies across asset classes and markets. To the extent that data becomes more readily available and more accurate over time, we expect that ITR metric methodologies will evolve and may result in different outputs. Funds may change bands as methodologies evolve. Where data is not available, and / or if data changes, the estimation methods vary, particularly those related to a company’s future emissions.


The ITR metric estimates a fund’s alignment with the Paris Agreement temperature goal based on a credibility assessment of stated decarbonization targets. However, there is no guarantee that these estimates will be reached. The ITR metric is not a real time estimate and may change over time, therefore it is prone to variance and may not always reflect a current estimate.


The ITR metric is not an indication or estimate of a fund’s performance or risk. Investors should not rely on this metric when making an investment decision and instead should refer to a fund’s prospectus and governing documents. This estimate and the associated information is not intended as a recommendation to invest in any fund, nor is it intended to indicate any correlation between a fund’s ITR metric and its future investment performance.

All data is from MSCI ESG Fund Ratings as of 21-Sept-2024, based on holdings as of 31-Aug-2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of 08-Nov-2024
0.00%
MSCI - Nuclear Weapons
as of 08-Nov-2024
0.00%
MSCI - Civilian Firearms
as of 08-Nov-2024
0.00%
MSCI - Tobacco
as of 08-Nov-2024
0.00%
MSCI - UN Global Compact Violators
as of 08-Nov-2024
0.00%
MSCI - Thermal Coal
as of 08-Nov-2024
0.00%
MSCI - Oil Sands
as of 08-Nov-2024
0.00%

Business Involvement Coverage
as of 08-Nov-2024
97.76%
Percentage of Fund not covered
as of 08-Nov-2024
2.24%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Holdings

Holdings

Ticker Name Type Sector Asset Class Market Value Weight (%) Notional Value Shares CUSIP ISIN SEDOL Price Location Exchange Currency FX Rate Maturity Maturity/Reset Market Currency
as of 08-Nov-2024
Ticker Name Sector Asset Class Market Value Weight (%) Location Currency
Missing Issuers data
AUD Cash:  May include cash, coupons/interest and receivables/payables for unsettled trades.

Notional Value: The market value of the securities held by the ETF at the given date. The notional value of a futures contract is the face value of the futures contract as at the given date.

All security prices are shown in the fund base currency.

Total allocation percentages may not equal 100% due to rounding or omissions of holdings of less than 1%. Information on certain fund holdings of less than 1% may not be widely available and may not be included in the table of holdings shown.

Holdings are subject to change.

Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter.  BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.

Exposure Breakdowns

Exposure Breakdowns

as of 08-Nov-2024

% of Weight

Type Fund
as of 08-Nov-2024

% of Weight

Type Fund
as of 08-Nov-2024

% of Weight

Type Fund
Allocations are subject to change.

Total allocation percentages may not equal 100% due to rounding or omission of holdings of less than 1%.

Literature

Literature

 

Trading iShares

Trading iShares

iShares ETFs can be bought and sold via an exchange just like individual shares.