ASX-listed · AUD-settled · FIF-eligible (above NZ$50K)
BlackRock IVV.AX iShares Core S&P 500 ETF (ASX-listed)
ASX-listed cross-listing of iShares Core S&P 500 ETF. Tracks the S&P 500 — 500 large-cap US companies. Settles in AUD on the ASX.
Updated Reviewed quarterly
About this fund
What is IVV.AX?
IVV.AX is the ASX ticker for iShares Core S&P 500 ETF (ASX-listed), issued by BlackRock (cross-listed from the US). ASX-listed cross-listing of iShares Core S&P 500 ETF. Tracks the S&P 500 — 500 large-cap US companies. Settles in AUD on the ASX. TER is 0.04% per year, with a trailing 12-month distribution yield of approximately 1.5%. Distributions paid quarterly in AUD.
How to buy
Where can I buy IVV.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 IVV.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 exposure: IVV.AX settles in AUD. NZ residents face NZD/AUD currency variance when valuing positions in NZD, and (for AU-domiciled funds investing in non-AUD assets) further AUD-vs-underlying-currency variance inside the fund.
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 IVV.AX
What is IVV.AX? ⌄
IVV.AX is the ASX-listed iShares Core S&P 500 ETF, issued by BlackRock Australia. It tracks the S&P 500 — 500 large-cap US companies — same as the US-listed IVV but settled in AUD on the ASX. TER is 0.04%, distributions paid quarterly. Yield ~1.5%.
IVV.AX vs IVV (US-listed) for NZ investors — which one? ⌄
Both track the S&P 500 with the same 0.04% TER. IVV.AX settles in AUD on the ASX; US-listed IVV settles in USD on the NYSE. From a NZ tax view, both are FIF (above NZ$50K), both attract 15% foreign withholding (under NZ-AU treaty for IVV.AX, NZ-US treaty for IVV). Choice is operational: AUD vs USD currency preference, broker support, FX margin on initial conversion, CHESS-sponsorship availability for ASX. Most NZ investors who already hold AUD positions prefer IVV.AX; those buying USD ETFs alongside use US-listed IVV.
IVV.AX vs USF (Smartshares NZ-listed) — what's the structural difference? ⌄
USF is the NZX-listed Smartshares US 500 — NZ-domiciled, PIE-taxed (max 28% PIR), no FIF. Higher TER (~0.5%) but the structural tax simplicity is meaningful for portfolios above NZ$50K cost basis. IVV.AX is FIF-eligible, FDR-method-taxed, with AUD currency layer. For NZ investors prioritising tax simplicity, USF wins; for NZ investors who want lower TER and are comfortable with FIF + AUD, IVV.AX wins.
Where can I buy IVV.AX from NZ? ⌄
Sharesies (NZ + AU + US in one account), Tiger Brokers NZ, Jarden Direct (CHESS-sponsored), ASB Securities (CHESS-sponsored), BNZ Direct Broking (CHESS-sponsored), and Interactive Brokers all support ASX. Hatch is US-only; Stake AU requires a separate AU account. Settlement in AUD; supply a TFN to your broker for the 15% NZ-AU treaty withholding rate on distributions.
Related ETFs and resources
IHVV.AX — IVV AUD-hedged sibling
Same S&P 500 underlying, hedged to AUD. Higher TER (0.10% vs 0.04%) but removes USD/AUD variance.
VOO — Vanguard S&P 500 (US-listed)
USD-settled S&P 500 alternative; lower 0.03% TER.
NZ-listed S&P 500 (USF, PIE-tax)
Smartshares USF on the NZX — PIE-taxed, no FIF, NZD-settled.
PIE vs FIF — which structure wins
Side-by-side on the structural tax difference.
NZ investment platforms compared
Which brokers support ASX from NZ.