IE00BDZS0987

iShares US Index Fund (IE) S&P 500(IE00BDZS0987)

Equities
US
EUR Cash
Accumulating

Invest with

EUR cash

Payout type

Accumulating

Risk rating

About this fund

Description

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.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Provides investors with passive and low cost exposure to the S&P 500 Index. Represents an inexpensive offering to a broad universe of companies, reflecting the performance of close to 500 large-cap equities in the US. In recent years, the index has developed a significant exposure to the US Information Technology sector.

People

Part of BlackRock’s iShares suite, a recognized platform with over USD 5 trillion in assets under management within their ETF franchise. iShares launched in 1996 and replicates more than 1600 indexes across Equity and Fixed Income.

Performance

Since its inception in 1998, the Fund has effectively tracked the S&P 500 Index with a difference in performance lower than 0.25%. The Fund’s low expense ratio aids in cost-effective tracking of the Index.

Process

This Fund is synthetic and gains exposure to the US equity market through S&P 500 futures contracts rolled quarterly to maintain continuous exposure while the remaining cash is held in liquid instruments to meet margin requirements. Futures allow the Fund to replicate the index using only a fraction of the total value posted as margin and offer favourable tax treatment as profits are taxed under the 60/40 rule (60% long-term, 40% short-term), unlike stocks. BlackRock’s disciplined and adaptable approach to index tracking has consistently delivered index tracking outcomes by optimally managing and balancing return, risk and cost.

Cost

Offers access to clean share class with no trailer fees to achieve the lowest possible cost for investors.

How it fits in a portfolio

Investors looking to gain a passive and cost-effective exposure to the S&P 500 Index can consider the Fund as a satellite position in a more broadly diversified portfolio, given its focus on the 500 largest US companies by market capitalization. Investors should remain mindful that the Fund is an equity strategy and will likely experience periods of heightened volatility and drawdowns. The fund is focused on a single country, the US and has notable exposure to the Information Technology sector, which may involve specific country-related and sector-related risks.

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Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Daily data. Returns as of 13 Jul 2026.

Total returns

Cumulative

Annualised

All Time

240.18%

YTD

12.70%

1 month

2.69%

6 month

10.59%

1 year

23.82%

3 year

66.61%

5 year

86.41%

Daily data, as of 13 Jul 2026.

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-33.82%

Volatility

18.94%

Daily data, as of 13 Jul 2026.

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	-0.5%	-0.1%	-2.7%	8.6%	5.7%	0.9%	-	-	-	-	-	-
2025	3.7%	2.1%	-1.4%	-9.2%	-5.8%	6.4%	1.7%	4.9%	-0.4%	3.2%	4.2%	-0.5%	-0.6%
2024	32.7%	3.6%	5.6%	3.4%	-3.1%	3.4%	4.8%	0.2%	0.0%	1.2%	1.9%	8.8%	-0.6%
2023	21.0%	4.1%	-0.1%	1.1%	-0.0%	4.1%	4.0%	2.2%	-0.1%	-2.5%	-2.0%	5.7%	3.0%
2022	-13.3%	-4.6%	-3.2%	4.9%	-3.9%	-1.4%	-6.0%	12.0%	-2.7%	-6.8%	7.1%	1.2%	-8.8%
Load more		5 of 10

Top Exposures

Holdings

Regions

Sectors

CASH COLLATERAL USD BZFUT (2049-12-31 Maturity)	6.32%
BlackRock ICS USD Liquidity Agency Inc	0.33%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

0.08% p.a.

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Fund facts

ISIN

IE00BDZS0987

Fund house

BlackRock

Fund benchmark

S&P 500 (TR) (1970)

Fund inception date

27 Sep 2017

Fund class currency

EUR

Fund share class

D EUR Acc

Oldest share class ISIN

IE0001200389

Oldest share inception date

14 Nov 2001

Pricing frequency

Daily

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