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IHD

$16.73+0.18%Dividend / Income46/100
Fund Page ↗

iShares S&P/ASX Dividend Opportunities ETF · BlackRock

Data as at 29 March 2026

TL;DR

Tracks the 50 highest-yielding ASX-listed companies with a 10% cap on any single stock. Provides concentrated income exposure from Australian equities.

MER (Annual Fee)
0.30%
#2 lowest in Dividend / Income
1Y Return
+21.3%
3Y Return (p.a.)
+14.0%
Dividend Yield
4.12%
Trailing 12 months
AUM
$389.3M
Assets under management
Avg Daily Turnover
$980K
Avg shares × unit price
Unit Price
$16.73
As at 29 March 2026
Provider
BlackRock
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Strategy

Follows the S&P/ASX Dividend Opportunities Index, selecting the 50 highest-yielding ASX stocks at rebalance. The 10% individual stock cap prevents any single company from dominating the portfolio.

Top Holdings

Key Fact

IHD's 10% maximum stock cap means that even if CBA has the highest yield at a given time, it cannot represent more than 10% of the fund. A standard yield-weighted approach with no cap would allow one or two very high yielders to dominate the entire portfolio.

Suited for

Income-focused Australian investors who want a straightforward high-yield approach with some concentration limits built in. The 10% stock cap prevents the portfolio from being dominated by whichever single company happens to have the highest yield.

Risks

Companies paying the highest dividends are sometimes those with falling share prices ahead of a dividend cut. Dividend reductions can occur across multiple holdings simultaneously in an economic downturn.

ETFCheck Score46/100
Fees (40%)55
Fund Size (25%)33
Liquidity (20%)55
Yield (15%)35
How scores are calculated →
Other Dividend / Income ETFs
VHY
0.25% MER
68
SYI
0.35% MER
50
HVST
0.47% MER
30
UMAX
0.79% MER
19
RINC
0.85% MER
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Frequently Asked Questions - IHD

What makes IHD's four-factor screening different from simpler dividend ETFs like VHY?+
IHD tracks the S&P/ASX Dividend Opportunities Index, which ranks stocks across growth, value, quality, and yield factors simultaneously rather than just selecting the highest-yielding shares. This multi-factor approach aims to identify companies with rising dividends backed by earnings quality, unlike VHY's forecast-yield-only method. The result is a 6.12% trailing yield that has historically come with fewer dividend cuts, though IHD's smaller fund size means slightly wider bid-ask spreads on the ASX.
Why does IHD hold fewer stocks than VHY and does that increase risk?+
IHD typically holds around 40 stocks compared to VHY's roughly 60, creating a more concentrated portfolio that amplifies both outperformance and underperformance. This concentration contributed to IHD's solid 12.4% one-year return but means individual stock blowups have a larger portfolio impact. Australian SMSF investors should consider whether this concentrated approach suits their risk tolerance, particularly given IHD's heavy tilt toward mid-cap dividend payers that can be more volatile than large-cap banks.
How does IHD's franking credit profile compare to SYI for tax-conscious investors?+
IHD generally delivers strong franking levels similar to SYI, often exceeding 70% franked due to its heavy allocation to Australian banks and domestically-focused companies. For investors in SMSFs or low tax brackets who can claim full franking credit refunds via the ATO, IHD's 6.12% headline yield can translate to an effective pre-tax return well above 8%. The key difference is IHD's quality screen may shift allocations toward companies with slightly different franking profiles each rebalance.
At 0.30% MER, is IHD the cheapest smart-beta dividend ETF on the ASX?+
IHD's 0.30% management fee makes it one of the most affordable factor-screened dividend ETFs on the ASX, undercutting SYI at 0.35% and significantly cheaper than actively managed options like HVST at 0.47%. However, investors should also consider total cost including buy-sell spreads, where IHD's lower trading volume can result in wider spreads than the more liquid VHY. For buy-and-hold SMSF investors making infrequent trades, IHD's low MER makes it a compelling income option.