IOZ AU
IOZ ETF: How Ishares Core S&P/ASX 200 ETF Works
Price data last refreshed:
The IOZ ETF, officially the iShares Core S&P/ASX 200 ETF, gives investors exposure to the 200 largest companies listed on the ASX. For Australian investors, the key question is not just what the fund holds, but how it compares with other local core-share options like A200, VAS and STW.
What it does: Tracks the S&P/ASX 200 and gives broad exposure to Australia’s largest listed companies.
Who it may suit: Investors wanting a low-cost, ASX-listed core Australian shares ETF with straightforward local tax/admin treatment.
Main local issue for Australians: The real decision is usually not access, but whether IOZ is the best fit versus A200, VAS or STW.
Best Australian-listed alternative: A200 for lower fee, or VAS for broader ASX 300 exposure.
IOZ ETF Chart
IOZ is designed as a core local equities holding, so the main things to watch are long-term total return, distributions, and whether the fund is tracking the benchmark efficiently after fees. IOZ is highly liquid and ASX-traded, which makes it practical for everyday Australian investors. That is one reason it remains a standard option in many local core portfolios.
Here is a quick intro anyone should know before buying this ETF:
- Where it is listed: ASX – All Markets
- Fund domicile: Australia
- Whether there is an ASX or Cboe Australia equivalent: A200, VAS and STW are the main local comparison points
- Whether the exposure is hedged or unhedged to AUD: This is Australian equities, so there is no foreign-currency hedging issue at the fund level
For Australians, IOZ is easy to access through a standard local brokerage account because it already trades on the ASX in AUD. That removes most of the extra friction that comes with buying offshore ETFs, such as foreign brokerage routing, overseas trading hours, and cross-border paperwork.
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The practical choice is usually not whether Australians can buy IOZ, but whether they should prefer it over other local core-Australia ETFs. The key differences are usually fee, index coverage, franking profile, and whether you want the ASX 200 or the broader ASX 300.
What does the ETF actually do?
IOZ aims to provide investors with the performance of the S&P/ASX 200 Accumulation Index, before fees and expenses. In plain English, that means the ETF gives you exposure to the 200 largest companies listed on the Australian Securities Exchange.
For Australians, IOZ is a classic core domestic equities ETF. It can sit at the centre of a portfolio as the local shares allocation, especially for investors who want a straightforward ASX-listed product with broad exposure to Australia’s biggest banks, miners, healthcare names, supermarkets and infrastructure-linked businesses.
What IOZ is not: it is not a small-cap ETF, not an income-maximisation strategy, and not a sector ETF. It is also not the broadest Australian shares ETF available, because it stops at the largest 200 companies rather than going out to the ASX 300.
Overview
The iShares Core S&P/ASX 200 ETF (IOZ) offers Australian investors a way to access a portfolio of large domestic companies through one exchange-traded fund. Its reported assets are about AUD 9.54 billion, and the holdings show a notable tilt towards banks and resource companies. That broad-market orientation sits alongside meaningful concentration in the largest holdings, making the portfolio mix central to understanding the fund.
Category
IOZ is an Australian equity ETF whose disclosed portfolio includes major banks, resource companies, healthcare and consumer businesses. That mix gives exposure to different parts of the domestic listed market, while its concentration in financial services, basic materials and larger holdings remains an important feature of its risk profile.
IOZ’s portfolio is shaped by familiar features of Australia’s listed-company market: financial services and basic materials are its largest sector exposures. Together those sectors represent about 60.213% of the reported portfolio, leaving performance sensitive to conditions affecting banks, resources and their underlying markets.
Key facts
- Ticker
- IOZ
- Exchange
- AU
- ISIN
- AU000000IOZ4
- Provider
- BlackRock Investment Management (Australia) Limite
- Domicile
- Australia
- Currency
- AUD
- Inception date
- 2010-12-06
- Use of income
- Quarterly
- UCITS
- No
Costs
- TER
- 0.00%
- Ongoing charge
- 0.00%
- Net expense ratio
- 0.00%
- AUM
- 9.5B
The supplied TER, ongoing charge and net expense ratio fields each display 0%. These figures should be checked against current fund documents, which set out applicable fees and other costs.
Performance
- YTD
- 2.4%
- 1 year
- 0.4%
- 3 years
- 10.9%
- 5 years
- 7.6%
- 10 years
- 8.6%
- Dividend yield
- 3.17%
- Top 10 concentration
- 48.5%
Holdings
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BHP Group Ltd12.01%
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Wesfarmers Ltd3.05%
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Macquarie Group Ltd3.29%
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CSL Ltd2.88%
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RIO Tinto Ltd2.27%
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Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
BHP Group is the largest disclosed holding at 12.005%, followed by Commonwealth Bank at 10.107%. The portfolio also has substantial bank exposure through National Australia Bank, Westpac, ANZ and Macquarie Group. The ten largest holdings together represent 48.451%, so the portfolio is diversified across companies but still meaningfully concentrated in its largest positions.
Sectors
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Financial Services34.1%
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Basic Materials26.1%
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Healthcare7.1%
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Consumer Cyclicals6.6%
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Industrials5.8%
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Real Estate5.2%
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Energy4.8%
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Consumer Defensive3.7%
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Communication Services3.1%
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Technology2.5%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
IOZ may interest Australian investors researching a single fund with exposure to a range of established domestic companies. Its holdings and sector mix show that broad exposure does not remove concentration risk, and the information here does not assess suitability for any individual.
Key risks
The portfolio has substantial exposure to financial services and basic materials, and nearly half of its reported weight is in its ten largest holdings. This concentration can leave results sensitive to a relatively small group of companies and sectors. Share prices and distributions can fluctuate, and past performance does not guarantee future results. The supplied expense fields show 0%; investors should confirm applicable fees and costs in current fund documents.
FAQ
What does IOZ hold?
Its largest disclosed holdings include BHP Group, Commonwealth Bank of Australia and several other major Australian banks, alongside companies such as Wesfarmers, CSL, Rio Tinto and Woodside Energy. The ten largest holdings account for 48.451% of the portfolio.
How often does IOZ distribute income?
The supplied fund information lists quarterly distributions and a dividend yield of 3.174%. Yield can change, and it does not indicate the amount or timing of future distributions.
What are IOZ’s reported costs?
The supplied expense fields report 0% for the TER, ongoing charge and net expense ratio. Check current fund documents for applicable fees and other costs before making a decision.
Does IOZ have a verified benchmark in the supplied information?
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
