Equity

MUSA

iShares MSCI USA Swap UCITS ETF

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company
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Performance

Performance

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This chart shows the fund's performance as the percentage loss or gain per year over the last 1 years.

  2019 2020 2021 2022 2023
Total Return (%) 27.0
Benchmark (%) 26.5
  From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
From
31-Dec-2021
To
31-Dec-2022
From
31-Dec-2022
To
31-Dec-2023
Total Return (%)

as of 31-Dec-2023

- - - - 26.98
Benchmark (%)

as of 31-Dec-2023

- - - - 26.49
  1y 3y 5y 10y Incept.
20.99 - - - 23.22
Benchmark (%) 20.53 - - - 22.76
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.55 1.55 16.35 6.48 20.99 - - - 30.05
Benchmark (%) 1.53 1.53 16.23 6.29 20.53 - - - 29.44

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in USD, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets as of 01-Mar-2024 USD 600,810,065
Net Assets of Fund as of 01-Mar-2024 USD 600,810,065
Share Class launch date 27-Oct-2022
Fund Launch Date 27-Oct-2022
Share Class Currency USD
Fund Base Currency USD
Asset Class Equity
Benchmark Index MSCI Developed - US Net TR Index
Shares Outstanding as of 01-Mar-2024 87,536,087
Total Expense Ratio 0.07%
ISIN IE0002W8NB38
Use of Income Accumulating
Domicile Ireland
Product Structure Synthetic
Rebalance Frequency Quarterly
Methodology Swap
UCITS Compliant Yes
Issuing Company iShares VI plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Fiscal Year End 31 March
Bloomberg Ticker MUSA FP

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 01-Mar-2024 81
Benchmark Level as of 04-Mar-2024 USD 14,526.21
Benchmark Ticker NDDUUS
Standard Deviation (3y) as of - -
3y Beta as of - -
P/E Ratio as of 01-Mar-2024 26.05
P/B Ratio as of 01-Mar-2024 5.07
Weighted Average Swap Fee as of 01-Mar-2024 3.00

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 01-Mar-2024 1.44%
MSCI - UN Global Compact Violators as of 01-Mar-2024 0.00%
MSCI - Nuclear Weapons as of 01-Mar-2024 1.43%
MSCI - Thermal Coal as of 01-Mar-2024 0.00%
MSCI - Civilian Firearms as of 01-Mar-2024 0.00%
MSCI - Oil Sands as of 01-Mar-2024 0.00%
MSCI - Tobacco as of 01-Mar-2024 0.00%

Business Involvement Coverage as of 01-Mar-2024 100.01%
Percentage of Fund not covered as of 01-Mar-2024 0.00%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.88%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Registered Locations

Registered Locations

  • Austria

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal ISIN Price Location Exchange Market Currency
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 01-Mar-2024

% of Market Value

Type Fund
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
Nyse Euronext - Euronext Paris MUSA EUR 31-Oct-2022 BPQ01K5 MUSA FP MUSA.PA
SIX Swiss Exchange MUSD USD 23-Feb-2024 BRBXWW2 MUSD SE MUSD.S

Literature

Literature