The iShares NASDAQ 100 UCITS ETF USD (Acc) (CNDX) is an Ireland-domiciled equity ETF managed by BlackRock and traded on the London Stock Exchange.

The fund seeks to track the performance of the Nasdaq-100 Index, a benchmark composed of 100 of the largest non-financial companies listed on Nasdaq, with significant exposure to companies across technology, communication services, and consumer discretionary sectors.

CNDX follows a passive investment strategy and uses physical replication to track the Nasdaq-100 Index. The fund operates under the UCITS framework and follows an accumulating income policy.

The Nasdaq-100 Index includes 100 of the largest non-financial companies listed on Nasdaq that meet its eligibility requirements. 

The benchmark uses a modified market-capitalization-weighted methodology, with mechanisms designed to limit excessive concentration in individual constituents. The index is rebalanced quarterly and reconstituted annually.

Composition / Exposure Profile

CNDX holds companies across several economic sectors, including:

• Information technology.

• Communication services.

• Consumer discretionary.

• Consumer staples.

• Health care.

• Industrials.

• Utilities.

• Materials.

• Energy.

• Financials.

Technology represents a significant portion of the portfolio, providing exposure to areas such as software, semiconductors, hardware, and digital infrastructure. The fund also invests in major companies across digital platforms, consumer industries, communications, health care, and other segments represented in the Nasdaq-100.

Because the benchmark uses a modified market-capitalization-weighted methodology, larger companies generally account for greater portions of the portfolio, subject to the concentration limits established by the index rules.

Structure and Costs

CNDX trades in U.S. dollars on the London Stock Exchange. The same share class also has other listings, including a British pound listing on the London Stock Exchange under the CNX1 ticker and a euro listing on Euronext Amsterdam under the CNDX ticker. The fund's base currency is the U.S. dollar.

The ETF has a total expense ratio (TER) of 0.30% per year and uses a physical structure with a replicated methodology. CNDX is domiciled in Ireland, operates under the UCITS framework, and is part of iShares VII plc.

CNDX is an accumulating share class, meaning dividends and other income generated by its holdings are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The iShares NASDAQ 100 UCITS ETF USD (Acc) (CNDX) was launched in 2010 by BlackRock to provide exposure to the largest non-financial companies listed on Nasdaq.

Since its launch, the fund has maintained a passive strategy linked to the Nasdaq-100 Index, reflecting changes in the composition and relative weight of companies within its benchmark.

Throughout its history, the fund's performance has reflected cycles among large companies listed on Nasdaq, with significant exposure to businesses across technology, communication services, and consumer discretionary sectors.

Additional Information

iShares NASDAQ 100 UCITS ETF USD (Acc) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $27.91 billion.

Over the past 12 months, iShares NASDAQ 100 UCITS ETF USD (Acc) recorded a return of 24.97%, with its price trading between $1,320.60 and $1,758.20 during the same period.

The ETF is traded under the ticker CNDX.