(I500) iShares SP500 Swap USD - Ratings and Ratios

The iShares S&P 500 Swap UCITS ETF USD (Acc) is a financial instrument designed to provide exposure to the performance of the S&P 500 index. It operates under the umbrella of BlackRock, a global investment management corporation renowned for its extensive range of ETF offerings. The fund is domiciled in Ireland, which can have specific tax implications for investors depending on their jurisdiction. The ETF trades on the XETRA exchange under the ticker symbol I500 and is categorized as a US Large-Cap Blend Equity ETF, focusing on large-cap companies in the United States.

With an Assets Under Management (AUM) of 4,669.76 million EUR, this ETF signifies a substantial investment pool, indicating a high level of liquidity and market presence. The fund employs a swap-based replication strategy to track the S&P 500 index. This approach involves using derivatives to achieve the desired exposure, which can affect tracking accuracy and introduce counterparty risk. However, it allows the fund to maintain a competitive expense ratio and operational efficiency.

Investors considering this ETF should be aware of its investment strategy, which aims to replicate the performance of the S&P 500. This index is widely regarded as a benchmark for US large-cap equities, offering diversified exposure across various sectors. The ETFs structure and domicile in Ireland may offer certain advantages, such as potential tax efficiencies for non-US investors. However, the use of swaps means that investors should carefully evaluate the funds tracking error and counterparty exposure.