iShares S&P U.S. Banks UCITS ETF is a equity ETF from iShares tracking the S&P U.S. Banks index through physical replication. Domiciled in Ireland and launched in 2018, the fund manages about 989 M € and charges a TER of 0.35% — 35 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).
iShares S&P U.S. Banks UCITS ETF competes with 1 other products on the same index (S&P U.S. Banks): it ranks 1st by fund size and 1st by ongoing cost, with a TER of 0.35% against a group median of 0.35%. It has been listed since 2018, 8 years of track record.
On a €10,000 investment the TER costs 35 € a year. The cheapest of the group is iShares S&P U.S. Banks UCITS ETF USD Inc at 0.35%, or 35 € on the same amount: a difference of 0 € every year, roughly 0 € over ten years before compounding.
Replication is physical: the fund holds the underlying securities directly. The ten largest positions account for 55.2% 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 EUR. 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.
| JPMorgan Chase & Co | 7.1% |
| PNC Financial Services Group Inc | 7.1% |
| Citigroup Inc. | 7.0% |
| Bank of America Corp | 7.0% |
| Wells Fargo & Company | 6.7% |
| Citizens Financial Group, Inc. | 4.1% |
| Fifth Third Bancorp | 4.1% |
| U.S. Bancorp | 4.1% |
| M&T Bank Corporation | 4.0% |
| Huntington Bancshares Incorporated | 4.0% |
| XETRA | IUS2 | EUR |
| Francoforte | IUS2 | EUR |
| London Stock Exchange | BNKS | USD |
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 Figures may contain errors or be out of date: always check the KID and the issuer's factsheet before any decision.