US shares
IVV
iShares S&P 500 ETF · iShares
The 500 biggest companies listed in the United States, held together in one parcel.
What the fee costs you
The management fee is 0.04% a year. Here’s what that works out to in dollars:
A 0.04% yearly fee works out to about $4.00 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- iShares
- Asset class
- US shares
- Number of holdings
- ~500
- Where it invests
- 100% United States.
- Income paid
- Quarterly
- Currency hedged
- No — It's unhedged, so for an Australian investor the value also moves with the US-dollar-to-Australian-dollar exchange rate, on top of the US market itself.
Its character
Dominated by a handful of very large US technology names — Nvidia, Apple, Microsoft, Amazon and Alphabet sit right at the top — so it leans on how those giants perform.
What to keep in mind
Diversified across 500 companies, but concentrated in one country and tilted toward a few giant technology firms. It rises and falls with the US market — and, for an Australian holder, with the currency.
How this fund relates to others
Holds the same 500 US companies as IHVV (which just adds hedging), so the two are effectively one portfolio. It also contains NDQ's tech names and FANG's giants within it, and sits inside the global funds (VGS, BGBL and friends), where the US is ~three-quarters — so IVV plus a world fund doubles down on the US.
Figures last verified 2026-06-12against the issuer’s factsheet and PDS.