Key Highlights

  • IHVV (ASX:IHVV) gives Australian investors the S&P 500 with the US dollar hedged to AUD.
  • Fund size is $4.28 billion, the largest in this set, with management fees of 0.10%.
  • Technology makes up 40.12% of the underlying exposure, with financial services at 11.30%.
  • The annual yield is 3.99%.

iShares S&P 500 AUD Hedged ETF (ASX:IHVV) traded at $66.99 during the trading session on 30 October 2026, down 1.06%, with 86,515 units traded. For Australian investors who want the 500 largest US stocks without taking a US dollar bet, IHVV is built for that purpose. It is benchmarked to the S&P 500 hedged to AUD and was admitted to the ASX on 18 December 2014.

Fund Overview

The fund aims to track the S&P 500 Net TR index hedged to Australian dollars. Fund size is $4.28 billion, with 63,181,041 units outstanding. ISIN AU00000IHVV8 and fees are 0.10%. The fund's trading range on the session was $66.98 to $68.50.

Stock Exposure and Sector Mix

IHVV holds its exposure through a single underlying product, the iShares Core S&P 500 ETF, which makes up 100.31% of the fund. The stock-level exposure is therefore the S&P 500 itself: technology at 40.12%, financial services at 11.30%, communication services at 9.93%, healthcare at 9.36% and consumer cyclical at 8.71%.

Geographically, 99.53% of exposure is to US-listed businesses. The fund's exposure to the largest names therefore mirrors the index's heavy weighting toward Nvidia, Apple and Microsoft.

Income Profile

The annual yield is 3.99%. The most recent final distribution was $2.702, with an ex-date of 1 July 2026, a record date of 2 July 2026 and a payment date of 13 July 2026. Final distributions are usually paid once a year.

Session Trading

IHVV's average daily volume is about 133,050 units, and the fund changed hands at a day range of $66.98 to $68.50 during the session. Units outstanding stand at 63.18 million.

How the Portfolio Is Built

The fund does not buy shares one by one. It holds units of the iShares Core S&P 500 ETF and applies a currency hedge that converts the US dollar exposure into Australian dollars. The stock exposure is therefore the S&P 500's own mix, weighted by market value, so the largest index companies also carry the largest weights inside IHVV.

The hedge is the defining feature of the structure. An unhedged S&P 500 investor is exposed to both the stocks and the US dollar. IHVV keeps the stocks and removes most of the currency element, which makes the stock exposure more directly comparable with an Australian share allocation.

IHVV's construction is simple by design. The fund holds units of the underlying S&P 500 vehicle and uses a currency hedge to convert the US dollar exposure into Australian dollars. The underlying index is market-value weighted, so the largest stocks dominate the portfolio.

The hedge itself is rolled regularly, and its cost moves with interest rate differences between Australia and the United States. That cost is reflected in the fund's returns rather than in its stock holdings.

Key Facts

The fund was admitted to the ASX on 18 December 2014 and is benchmarked to the S&P 500 Hedged NR AUD index. Its ISIN is AU00000IHVV8, and management fees and costs are 0.10% a year. Fund size is $4.28 billion, with 63,181,041 units on issue.

What the Exposure Means

IHVV is the most direct way to own the S&P 500 in Australian dollar terms, with the currency exposure removed and a fund size that makes it one of the largest US equity products on the ASX. Its stock exposure is the index itself, so the largest technology names will shape its outcome more than any other group.