IVE ETF: A Guide to iShares S&P 500 Value ETF

Overview

iShares S&P 500 Value ETF is a straightforward way to access U.S. large-cap value shares through a broadly diversified portfolio. It sits in the Large Value category and is built for investors who want a value tilt without moving too far from the large-cap core of the U.S. market. The fund’s holdings lean heavily toward established businesses across financials, healthcare, technology, consumer defensive and energy, giving it a mix that is still recognisably value-oriented but not narrowly concentrated.

Category

The value style has tended to favour companies with more modest valuations, stronger cash generation and more mature business models than the market’s faster-growing names. IVE fits that theme well, but the portfolio is not a pure deep-value product; it blends traditional value sectors such as financials and energy with large, established franchises in healthcare, consumer staples and technology. That makes it a relatively balanced expression of the value style rather than a sector bet.

In a market where investors are often toggling between growth leadership and value discipline, a fund like IVE offers a middle ground: value exposure with the scale and liquidity of a large-cap U.S. ETF. The portfolio is overwhelmingly U.S.-weighted, with North America accounting for 99.207% of equity exposure in the supplied data, and the fund holds 437 securities. Its top holdings are led by Apple, Amazon and Exxon Mobil, showing that large value portfolios can still include globally important businesses rather than only cyclical or high-yield names.

Key facts

Costs

IVE has a net expense ratio of 0.18%, with the same 0.18% shown for its TER. Ongoing charges are listed at 0%. For a large, established U.S. value ETF, that places it in the lower-cost end of the category.

Performance

Holdings

The portfolio is dominated by large-cap U.S. names and includes 437 holdings. The top 10 holdings are Apple at 7.534%, Amazon at 3.95%, Exxon Mobil at 2.271%, Walmart at 1.671%, Intel at 1.579%, Costco at 1.411%, Bank of America at 1.388%, Chevron at 1.275%, Tesla at 1.193% and UnitedHealth at 1.184%. Sector exposure is broad, with technology at 20.980%, financial services at 15.717%, healthcare at 12.527%, consumer cyclicals at 10.270%, industrials at 10.802% and consumer defensive at 8.584%.

Regions

Sectors

Related ETFs

Compared with other broad U.S. value ETFs, IVE sits in familiar company. Morningstar’s value-fund lists place it alongside funds such as Vanguard Value ETF, Vanguard S&P 500 Value ETF and Schwab US Large-Cap Value ETF, while ETF.com’s category context shows it as one of the larger and more established large-cap value offerings. The main distinction for IVE is its long operating history and its S&P 500 Value index approach, which gives it a large-cap value profile that is more selective than plain-vanilla market-cap exposure.

Risks

Who it may suit

IVE may suit Australian investors who want a diversified U.S. value allocation and are comfortable taking on USD exposure in exchange for access to large, established American companies. It can also appeal to investors looking to complement a growth allocation with a more valuation-conscious sleeve. Because the fund is broad and diversified, it may fit those who prefer style exposure through an ETF rather than trying to pick individual U.S. value stocks.

Key risks

The main risk is style risk: value can lag for long periods if market leadership stays concentrated in growth stocks. Sector concentration is another consideration, even though the fund is diversified overall; financial services, technology, healthcare and consumer defensive names make up a large share of the portfolio. As with any U.S.-listed ETF, Australian investors also face currency risk because the fund is denominated in USD. Finally, the fund’s top 10 holdings account for 23.456% of assets, so the biggest names still matter to returns.

FAQ