iShares BILL ETF (ASX:BILL)

The iShares BILL ETF provides investors with exposure to short-term Australian dollar-denominated bank bills with term to maturities of up to three months.

BILL share price & data

Ticker code: BILL
Yearly fee (MER): 0.07%
FUM: $541.99 million
Monthly spread: 0.01%
Oct
2019
Apr
Jul
Oct
2020
Apr
Jul
Oct
2019
Apr
Jul
Oct
2020
Apr
Jul
Oct
2019
Apr
Jul
Oct
2020
Apr
Jul
Oct
2019
Apr
Jul
Oct
2020
Apr
Jul
$25.00
$27.50
$30.00
$32.50
$35.00
$37.50
$40.00
$42.50
$25.00
$27.50
$30.00
$32.50
$35.00
$37.50
$40.00
$42.50
$25.00
$27.50
$30.00
$32.50
$35.00
$37.50
$40.00
$42.50
$25.00
$27.50
$30.00
$32.50
$35.00
$37.50
$40.00
$42.50
Range: 1 mth | 3 mths | 6 mths | 1 yr | 2 yrs | 5 yrs | 10 yrs

Prices updated using end of day data. Capital return only. FUM, fee and spread data updated monthly. Last updated: July 2020.

What does the BILL invest in?

BILL invests in a portfolio of high-quality, short-term, Australian dollar-denominated bank bills that comprise the S&P/ASX Bank Bill Index. Some of the top issuers include National Australia Bank Ltd (ASX: NAB), MUFG and BNP Paribas.

What do investors use BILL for?

Investors could use the BILL ETF in an attempt to achieve capital preservation and/or create a regular income stream from the monthly distributions offered by this ETF. A bank bill is also known as a bill of exchange and is similar to a cheque, with the exception that a bank bill has a specific date when payable (i.e., the maturity date).

BILL dividend information

Fund Issuer

BlackRock is the company responsible for the huge issuer of ETFs called iShares. It is one of Australia’s and the world’s largest ETF issuers, both in terms of the number of ETFs issued and the money invested, known as Funds Under Management or FUM.

Best ETFs warnings

The following warnings are applied by our team, based on quantitative metrics and our internal methodology. These risks are not exhaustive and therefore they should not be relied upon. Always read the PDS of the function and speak to your financial adviser before acting on this information.

When an ETF does not have a sufficiently long track record — typically, we consider this to be at least 3 years — the ETF is could be at a higher risk of being closed down (if it doesn’t grow), and the historical performance and returns (if any) cannot be relied upon.

Tax Domicile

When a fund/ETF has a “domicile” of Australia it means it is a registered fund in Australia for tax purposes.

Registry

Computershare is not only the largest share registry in Australia but also the world. The company was founded in 1978 as one of Melbourne’s first start-up technology companies, initially providing computer services to businesses.

Sector Information

Australian cash ETFs provide investors with exposure to a pool of money that is typically invested in term deposits at major Australian banks and, occasionally, a small amount is invested in short term government bonds (often called ‘enhanced cash’ or ‘cash plus’ ETFs).

Looking for something better?

This brilliant (and free!) report is issued by Best ETFs Australia, a division of The Rask Group Pty Ltd. It is not a recommendation.
Speak to a financial professional before relying on this information and please read our Financial Services Guide (FSG).

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