ASX-listed · AUD-settled · FIF-eligible (above NZ$50K) · AUD-hedged
BlackRock IHVV.AX iShares S&P 500 (AUD Hedged) ETF
AUD-currency-hedged version of IVV. Removes USD/AUD currency variance; tracks the S&P 500 in AUD terms.
Updated Reviewed quarterly
About this fund
What is IHVV.AX?
IHVV.AX is the ASX ticker for iShares S&P 500 (AUD Hedged) ETF, issued by BlackRock (cross-listed from the US). AUD-currency-hedged version of IVV. Removes USD/AUD currency variance; tracks the S&P 500 in AUD terms. TER is 0.10% per year, with a trailing 12-month distribution yield of approximately 1.4%. Distributions paid quarterly in AUD.
How to buy
Where can I buy IHVV.AX from New Zealand?
Sharesies NZ + AU + US in one account; tiered subscription pricing.
Tiger Brokers NZ-licensed; covers ASX + NZX + US + HKEX.
Interactive Brokers Lowest published FX margin for ASX trades; tiered commissions.
Jarden Direct CHESS-sponsored ASX holdings; in your own name on the ASX register.
ASB Securities CHESS-sponsored ASX; integrated with ASB banking.
BNZ Direct Broking CHESS-sponsored ASX; bank-anchored brokerage.
Hatch is not on this list — Hatch supports US-listed ETFs only, not ASX. See the full platform comparison for fees, minimums, and supported markets across all 11 NZ-accessible brokers.
NZ tax
How is IHVV.AX taxed for NZ investors?
ASX-listed ETFs are non-NZ-domiciled, so they sit in the Foreign Investment Fund (FIF) regime once your overseas-share holdings exceed NZ$50,000 cost basis. Below that threshold, you pay tax on dividends only. Above it, most NZ investors use the Fair Dividend Rate (FDR) method — deemed income = 5% × opening market value × your marginal tax rate.
Distributions are paid in AUD. Australian withholding tax applies under the NZ-Australia tax treaty (typically 15% with a TFN supplied to your broker). The 15% can be claimed as a foreign tax credit on your IR3, similar to US dividends.
Currency hedging: IHVV.AX is hedged to AUD, so the fund manager removes the underlying-currency-vs-AUD variance. NZ residents still face NZD/AUD exchange-rate variance when valuing positions in NZD or converting distributions. The hedging cost is built into the TER + tracking error vs the unhedged underlying.
ASX-listed ETFs do NOT carry the NZ PIE-fund tax advantages — that structure is only available on NZX-listed Smartshares + Kernel funds. See PIE vs FIF for the comparison and consult a registered NZ tax adviser for personalised guidance.
FAQ
Common questions about IHVV.AX
What is IHVV.AX? ⌄
IHVV.AX is the iShares S&P 500 (AUD Hedged) ETF — same S&P 500 underlying as IVV.AX, but with currency hedging that removes USD-vs-AUD variance. Issued by BlackRock Australia. TER is 0.10% (vs unhedged IVV.AX 0.04%), distributions quarterly. Designed for AUD-investors who want US equity returns measured in AUD without the USD currency layer.
Should NZ investors use IHVV.AX or unhedged IVV.AX? ⌄
IHVV.AX hedges to AUD — it removes USD-vs-AUD variance. For NZ residents, NZD-vs-AUD variance still applies regardless. Hedging adds ~0.06 percentage points/year cost (TER difference) plus tracking error vs the unhedged underlying. Whether to hedge depends on your view of NZD-vs-AUD-vs-USD over your holding period — a complex three-way currency exposure that the hedging product partially addresses but doesn't eliminate for NZ residents.
What's the difference between AUD-hedged and NZD-hedged? ⌄
IHVV.AX hedges to AUD (the listing currency). There are no NZD-hedged S&P 500 ETFs on the ASX — NZD-hedged products tend to live on the NZX (e.g. some Smartshares hedged variants). For pure NZD-hedged S&P 500 exposure, NZX-listed products are structurally better suited. IHVV.AX is the right product for an AUD-base investor who happens to be NZ-resident, not for an NZD-base investor seeking pure currency neutrality.
How is IHVV.AX taxed for NZ residents? ⌄
Same FIF treatment as any non-NZ-domiciled ETF — above NZ$50,000 cost basis FIF rules apply (FDR method most common). Currency hedging affects the realised return profile but doesn't change the FIF mechanics: deemed income = 5% × opening market value × marginal rate, regardless of how much of the actual return came from index appreciation vs currency movement.
Related ETFs and resources
IVV.AX — IVV unhedged (sibling)
Same S&P 500 underlying without AUD hedging. Lower TER (0.04% vs 0.10%).
VOO — Vanguard S&P 500 (US-listed)
USD-settled S&P 500 alternative; lowest TER (0.03%).
NZ-listed S&P 500 (USF + hedged variants)
NZX-listed Smartshares S&P 500 — PIE-tax + sometimes NZD-hedged.
PIE vs FIF
When NZ-domiciled wins on tax mechanics.