Where to find IIV for an ETF?

Hi Carls,

Thanks for your question. I checked in with Scott Burns, the Director of ETF Analysis at Morningstar to be sure I gave you the right answer.

The Intraday Indicative Value (IIV) is calculated by the ETF provider for its authorized participants. Every ETF has about 3 – 7 authorized participants who are charged with obtaining the underlying assets needed to create an ETF.

The IIV is supposed to give these participants a sense of the relationship between a basket of securities that are representative of those held in the ETF and the share price of the ETF on an intraday basis.

Basically, The IVV is a value that's used by the people running the ETF. It's not meant / provided for retail investors.

Hope this helps,
Kristen