iShares S&P 500 Swap UCITS ETF USD (Dis) is a equity ETF from iShares tracking the S&P 500 index through synthetic replication. Domiciled in Ireland and launched in 2022, the fund manages about 2.1 bn € and charges a TER of 0.07% — 7 € per year on a €10,000 investment. Income is paid out to investors periodically (distributing).
iShares S&P 500 Swap UCITS ETF USD (Dis) competes with 37 other products on the same index (S&P 500): it ranks 21st by fund size and 12th by ongoing cost, with a TER of 0.07% against a group median of 0.08%. It has been listed since 2022, 4 years of track record.
On a €10,000 investment the TER costs 7 € a year. The cheapest of the group is State Street SPDR S&P 500 UCITS ETF-UHG at 0.03%, or 3 € on the same amount: a difference of 4 € every year, roughly 40 € over ten years before compounding.
Replication is synthetic: a swap counterparty undertakes to deliver the index return. This usually tightens tracking, and introduces counterparty risk, which UCITS rules limit through collateral.
Income is distributed periodically: it produces cash flow, but reinvesting it is up to you if the goal is capital growth. The fund is denominated in USD. That is not the same as currency risk: the exposure comes from the currencies of the underlying holdings, not from the denomination or the trading currency of a given listing.
Irish domicile lets the fund apply the Ireland–US tax treaty, with 15% withholding instead of 30% on US dividends received by the fund.
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Source: the fund's KID and the issuer's official documentation — data verified as of July 2026.
This page is informational and is not an investment recommendation. Figures may contain errors or be out of date: always check the KID and the issuer's factsheet before any decision.