iShares Core S&P 500 (Acc)

Description

iShares Core S&P 500 (Acc) is a equity ETF from iShares tracking the S&P 500 index through physical (full) replication. Domiciled in Ireland and launched in 2010, the fund manages about 130.9 bn € and charges a TER of 0.07% — 7 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).

The fund in context

iShares Core S&P 500 (Acc) competes with 37 other products on the same index (S&P 500): it ranks 1st 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 2010, 16 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 physical and full: the fund actually holds every security in the index, in the index weights. The ten largest positions account for 35.0% of the portfolio.

Income is accumulated: no distribution is paid out, the share price absorbs it. In a savings plan this removes the need to reinvest dividends by hand. 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.

Top 10 holdings

Stock exchange listings

Compare with similar ETFs

• VUSA — Vanguard S&P 500 (Dist) 0.07%
• SPXS — Invesco S&P 500 (Acc) 0.05%
• VUAA — Vanguard S&P500 USDA 0.07%
• IUSA — iShares Core S&P 500 0.07%

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