Scale and Simplicity: What Makes iShares IVV (ASX:IVV) the Largest of the Group

Sonal Goyal

28 October 2026 12:31 PM AEDT

Scale and Simplicity: What Makes iShares IVV (ASX:IVV) the Largest of the Group

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Key Highlights

iShares S&P 500 ETF (ASX:IVV) aims to track the S&P 500 Net TR Index (AUD).
The portfolio is held through iShares Core S&P 500 ETF, which represents 99.97% of assets.
The fund has a management fee of 0.04% and a fund size of $14.68 billion.

As of 27 October, iShares S&P 500 ETF (ASX:IVV) manages $14.68 billion and charges 0.04%, making it the largest fund in this series and one of the lowest-cost. It has traded since 10 October 2007 and tracks the S&P 500 Net TR Index (AUD).

Key Fact	Detail
Fund	iShares S&P 500 ETF
ASX code	IVV
Issuer	BlackRock (iShares)
Category	Equity North America
Benchmark	S&P 500 NR AUD
ISIN	AU000000IVV8
Admitted to the ASX	10 October 2007
Fund size	$14.68 billion
Management fee	0.04%
Holdings	A single underlying fund
Latest distribution	Interim, $0.173 per unit (ex-date 29 Sep 2026; payment 9 Oct 2026)

A Single-Holding Structure

IVV reaches the S&P 500 through one underlying holding, the iShares Core S&P 500 ETF, at 99.97% of the portfolio. Its turnover ratio is 0.49%, and the fund is categorised as Equity North America.

The Look-Through Mix

Technology is 40.12%, financial services 11.30%, communication services 9.93% and healthcare 9.36%. By size, 98.72% of the portfolio is above $1 billion, and the United States accounts for 99.53% of exposure.

Distribution Schedule

The most recent distribution on record is an interim distribution of $0.173 per unit, with an ex-date of 29 September 2026, a record date of 30 September 2026 and payment on 9 October 2026.

Recent Filings

On the filings front, monthly applications, redemptions, units on issue and derivatives reporting on 7 October 2026, components of distributions on 1 October, distribution reinvestment plan prices and a final distribution announcement on 29 September 2026.

Related S&P 500 Funds

The S&P 500 universe is also available in other forms, including Betashares S&P 500 Equal Weight ETF (ASX:QUS), which holds the constituents at similar weights, and Global X S&P 500 Covered Call Complex ETF (ASX:UYLD), which follows a buy-write index. IVV, by contrast, holds the index through a single underlying iShares fund.

Category Context

iShares S&P 500 ETF is classified as Equity North America. Funds in this category invest in the securities of companies listed in the USA and/or Canada, and securities from these countries typically account for at least 75% of the portfolio.

Benchmark and Listing History

The fund is benchmarked to the S&P 500 NR AUD index. The fund has been listed since 10 October 2007, a period of about 19 years. It is issued by BlackRock (iShares) under ISIN AU000000IVV8. The management fee is 0.04%.

Reading the Distribution Dates

The ex-date is the first day on which units trade without the right to the next distribution. The record date is when entitlements are determined from the register, and the payment date is when the distribution is paid to eligible holders.

In Summary

IVV combines the largest asset base in the group with a 0.04% fee and a simple structure. The latest distribution was an interim payment of $0.173 per unit on 9 October 2026.

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