Xtrackers S&P 500 Equal Weight (Acc)

Description

Xtrackers S&P 500 Equal Weight (Acc) is a equity ETF from Xtrackers tracking the S&P 500 Equal Weight index through physical (full) replication. Domiciled in Ireland and launched in 2014, the fund manages about 10.6 bn € and charges a TER of 0.25% — 25 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).

The fund in context

Xtrackers S&P 500 Equal Weight (Acc) competes with 5 other products on the same index (S&P 500 Equal Weight): it ranks 1st by fund size and 6th by ongoing cost, with a TER of 0.25% against a group median of 0.19%. It has been listed since 2014, 12 years of track record — the oldest in its comparison group.

On a €10,000 investment the TER costs 25 € a year. The cheapest of the group is iShares S&P 500 Equal Weight UCITS ETF USD (Acc) GBP at 0.15%, or 15 € on the same amount: a difference of 10 € every year, roughly 100 € over ten years before compounding.

Replication is physical and full: the fund actually holds every security in the index, in the index weights.

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.

Stock exchange listings

Compare with similar ETFs

• EWSP — iShares S&P 500 Equal Weight UCITS ETF USD (Acc) GBP 0.15%
• XDEE — Xtrackers S&P 500 Equal Weight UCITS ETF 2C EUR Hedged 0.20%
• RSPS — Invesco S&P 500 Equal Weight Swap UCITS ETF - Acc 0.20%
• XDED — Xtrackers S&P 500 Equal Weight UCITS ETF 2D EUR 0.15%

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