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.
Next typical distribution: June.IHVV typically pays in Mar · Jun · Sep · Dec. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy IHVV from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 Sharesies Sharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 Interactive Brokers Interactive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger Brokers Tiger Brokers | US$1.99 per US trade | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 BNZ Direct Broking BNZ Direct Broking | NZ$30 per NZX trade | ~0.50% (NZD↔AUD) | NZ$0 | Holders who want CHESS-sponsored Australian shares |
 Jarden Direct Jarden Direct | NZ$29.90 per NZX trade | ~0.40% | NZ$0 | Larger NZX trades and global market access through one NZ broker |
 ASB Securities ASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 6 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
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.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
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.
