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ETF reportAs of 28 February 2023February 2023

The ETFs we track held $127.9bn; the lowest fee to buy the S&P 500 was 0.04% a year, and 3 funds changed their fees.

From the ASX Investment Products report dated 28 February 2023 · 256 ETFs from 35 issuers

Lowest fees, market by market

ASX report dated 28 February 2023
  1. 1st
    0.04% a yearIVV · iShares S&P 500 ETFiShares$5.06bn invested · 0.044% average spreadGo to site
  2. 2ndSPY · SPDR S&P 500 ETFState Street0.0945% a year
  3. 3rdIHVV · iShares S&P 500 AUD Hedged ETFiShares · Hedged0.10% a year
Compare ETFs

Index funds and funds backed by the metal that buy one market, ranked by the management fee, a tie going to the narrower average spread; Largest ranks every fund but complex ones by money invested. Past returns are never ranked.

The lowest fee to buy the market

Since July 2020

The lowest management fee a year in each month's ASX report, among the funds BankMate holds (before October 2026, those still listed at the end of September 2026); the median index fund charged 0.365% in this one.

Fee changes and new funds

Against the January 2023 report
  1. iShares IOZ · iShares Core S&P/ASX 200 ETFAustralian shares0.09% → 0.05% · By 28 Feb−0.04
  2. Betashares A200 · Betashares Australia 200 ETFAustralian shares0.07% → 0.04% · By 28 Feb−0.03
  3. iShares IAF · iShares Core Composite Bond ETFBonds0.15% → 0.10% · By 28 Feb−0.05
  4. Global X AYLD · Global X S&P/ASX 200 Covered Call ETFAustralian shares— → 0.60% · Listed by 28 FebNew
  5. Global X UYLD · Global X S&P 500 Covered Call ETFUS shares— → 0.60% · Listed by 28 FebNew
  6. Global X QYLD · Global X Nasdaq 100 Covered Call ETFUS shares— → 0.60% · Listed by 28 FebNew
Data
The ASX Investment Products report, published each month and dated to the month's last day: each fund's management fee, money invested and average bid/ask spread as the ASX files them. A fee change is dated to the report that first shows it; a fee that moves and moves back a report later is a filing slip and is left out.
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Each fee list holds funds that buy one market, the leaderboard's own rules: no active funds, which don't buy the index, and no complex products (geared, short or built on derivatives). Money invested moves with the market as well as with money put in or taken out.
Scope
ETFs on the ASX that BankMate tracks. Editions before October 2026 hold only the funds still listed at the end of September 2026, so a fund that closed before then isn't in them. Methodology · Today's leaderboard

In the ASX Investment Products report dated 28 February 2023, the 256 ETFs BankMate tracks, from 35 issuers, held $127.9bn. The lowest management fee among the 3 S&P 500 ETFs was 0.04% a year (IVV, iShares). Among ETFs holding Australia's largest 200 or 300 companies it was 0.04% (A200, Betashares). The median fee among index funds was 0.365%. The largest fund was VAS (Vanguard Australian Shares Index ETF) with $12.1bn invested. The 253 funds in both this and the January 2023 report held $127.9bn, against $126.7bn a month earlier, a change that counts market moves as well as money put in or taken out. Against the previous report, 3 funds cut their fees and 3 funds were listed for the first time.