Hi Francisca! The good news is you don’t have to do anything. Blackrock are splitting the units you have into more units, but with a lower price. During the transition, IVV shares have become IVVDB, on the 13th of December they will be converted back to IVV with the split.

It has no financial impact on you, you’ll just have more units at a lower share price – so it will be the same portfolio value as if it never happened.

Your IVV on the dashboard may have looked a little funky last week but we’ve made an adjustment to adjust for the $ change vs more units.

One cool thing about a stock split, particularly for an ETF that had a relatively high price per unit, is that when you are buying with a fixed dollar amount the smaller units might mean less leftover money. This is also great for people autoinvesting with our Automate function.

Hope this helps!

I think you need to take note of the price on the day of your stock split because parcels of shares you buy in the future will be at a different rate. For capital gains calculations when you eventually sell you need to know the original cost and number of shares. This event will have slipped your mind in 10 years, but the ATO mightn’t.