iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) EUR

Description

iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) EUR is a equity ETF from iShares tracking the Edge S&P 500 Minimum Volatility index through physical replication. Domiciled in Ireland and launched in 2012, the fund manages about 1.5 bn € and charges a TER of 0.20% — 20 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).

The fund in context

iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) EUR competes with 2 other products on the same index (Edge S&P 500 Minimum Volatility): it ranks 1st by fund size and 1st by ongoing cost, with a TER of 0.20% against a group median of 0.20%. It has been listed since 2012, 14 years of track record — the oldest in its comparison group.

On a €10,000 investment the TER costs 20 € a year, and no product in the group costs less.

Replication is physical: the fund holds the underlying securities directly. The ten largest positions account for 19.8% 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

• SPMD — iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) 0.20%
• IS31 — iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) 0.25%
• CSPX — iShares Core S&P 500 (Acc) 0.07%
• VUSA — Vanguard S&P 500 (Dist) 0.07%

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