Equity

iShares US Index Fund (IE)

  • NAV as of 27/Sep/2023 USD 36.16
    52 WK: 29.89 - 38.77
  • 1 Day NAV Change as of 27/Sep/2023 -0.01 (-0.01%)
  • Morningstar Rating

Overview

Investment Approach


The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the equity market in the United States.

The Fund is passively managed and will invest in equity securities (e.g. shares) listed and traded on regulated markets in the United States as well as financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) including exchange traded S&P 500 futures contracts. A futures contract is a contract whereby the Fund agrees to buy or sell an underlying asset at a predetermined price in the future. Cash may be held by the Fund for the purpose of providing cover for the exposure created by FDIs.

The return of the Fund will be compared with the return on an index which will initially be the S&P 500 Index (with net dividends), the Fund’s benchmark index.

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.

All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The Fund may be exposed to finance sector companies, as a service provider or as counterparty for financial contracts. Liquidity in the financial markets has been severely restricted, causing a number of firms to withdrawn from the market, or in some extreme cases, becoming insolvent. This may have an adverse affect on the activities of the fund. The Fund uses derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk.
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Performance

Performance

Chart

Performance chart data not available for display.
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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Return (%) 31.5 13.1 1.0 12.0 21.0 -5.1 31.3 18.3 27.9 -18.4
Benchmark (%) 31.5 13.0 0.7 11.2 21.1 -4.9 30.7 17.8 28.2 -18.5

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  From
30-Jun-2018
To
30-Jun-2019		 From
30-Jun-2019
To
30-Jun-2020		 From
30-Jun-2020
To
30-Jun-2021		 From
30-Jun-2021
To
30-Jun-2022		 From
30-Jun-2022
To
30-Jun-2023
Total Return (%)

as of 30/Jun/2023

10.10 7.45 40.07 -11.04 19.19
Benchmark (%)

as of 30/Jun/2023

9.75 6.87 40.14 -11.01 18.98
  1y 3y 5y 10y Incept.
Total Return (%) 15.49 10.01 10.75 12.36 8.85
Benchmark (%) 15.35 10.00 10.54 12.17 8.56
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 18.49 -1.69 8.07 14.23 15.49 33.15 66.62 220.80 285.90
Benchmark (%) 18.33 -1.65 8.15 14.21 15.35 33.11 65.08 215.30 269.63

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. 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 27/Sep/2023 USD 691,092,415
Net Assets of Fund as of 27/Sep/2023 USD 2,096,585,771
Share Class launch date 28/Sep/2007
Fund Launch Date 12/Nov/1998
Share Class Currency USD
Fund Base Currency USD
Asset Class Equity
Benchmark Index S&P 500
SFDR Classification Other
Initial Charge 0.00%
Ongoing Charges Figures 0.16%
ISIN IE00B1W56J03
Annual Management Fee 0.15%
Performance Fee 0.00%
Minimum Initial Investment USD 1,000,000.00
Minimum Subsequent Investment USD 10,000.00
Use of Income Accumulating
Domicile Ireland
Regulatory Structure UCITS
Management Company BlackRock Asset Management Ireland Limited
Morningstar Category US Large-Cap Blend Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker BZWIUSA
SEDOL B1W56J0

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 30/Dec/2022 38
Standard Deviation (3y) as of 31/Aug/2023 17.78%
3y Beta as of 31/Aug/2023 1.002
P/E Ratio as of 31/Aug/2023 0.00
P/B Ratio as of 31/Aug/2023 0.00

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for iShares US Index Fund (IE), Inst, as of 31/Aug/2023 rated against 1676 US Large-Cap Blend Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 31/Aug/2023)

Holdings

Holdings

as of 31/Aug/2023
Name Weight (%)
APPLE INC 7.37
MICROSOFT CORP 6.47
AMAZON COM INC 3.27
NVIDIA CORP 3.24
ALPHABET INC CLASS A 2.15
Name Weight (%)
ALPHABET INC CLASS C 1.86
TESLA INC 1.85
META PLATFORMS INC CLASS A 1.74
BERKSHIRE HATHAWAY INC CLASS B 1.70
EXXON MOBIL CORP 1.19
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Aug/2023

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Inst USD None 36.16 -0.01 -0.01 27/Sep/2023 38.77 29.89 IE00B1W56J03
Class Flexible acc EUR - 10.79 0.07 0.68 27/Sep/2023 11.21 9.36 IE000CSXMT82
Class D EUR None 20.65 0.14 0.68 27/Sep/2023 21.45 17.92 IE00BDZS0987
Flexible USD Quarterly 21.74 0.00 -0.01 27/Sep/2023 23.34 18.04 IE00BYQQ1F19
Class D SGD - 11.54 0.03 0.24 27/Sep/2023 12.09 9.93 IE0000F26BG9
Class USD None 102.68 -0.01 -0.01 27/Sep/2023 110.08 84.76 IE0001200389
Class D USD None 19.64 0.00 -0.01 27/Sep/2023 21.06 16.23 IE00BD0NCT25

Portfolio Managers

Portfolio Managers

Dharma Laloobhai
Dharma Laloobhai
Group Index Equity PM Core DM EMEA
Group Index Equity PM Core DM EMEA

Literature

Literature