The iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX) is an Ireland-domiciled equity ETF managed by BlackRock. CSNDX is used as the ticker for listings including the SIX Swiss Exchange in USD and Borsa Italiana in EUR.

The fund seeks to track the Nasdaq-100 Index, a benchmark composed of 100 of the largest non-financial companies listed on the Nasdaq Stock Market.

CSNDX provides exposure primarily to large-cap companies across several sectors, with a significant allocation to technology-related businesses. 

The Nasdaq-100 uses a modified market-capitalization weighting methodology. Larger companies generally represent greater portions of the index, while specific weighting constraints are designed to limit excessive concentration. The index is rebalanced quarterly and reconstituted annually.

Composition / Exposure Profile

CSNDX tracks non-financial companies listed on Nasdaq and can include businesses from sectors such as:

• Information technology.

• Consumer discretionary.

• Health care.

• Communication services.

• Industrials.

• Consumer staples.

• Utilities.

Technology typically represents a significant portion of the portfolio, reflecting the presence of major software, semiconductor, hardware, and other technology companies among Nasdaq's largest listings. 

Financial companies are excluded from the benchmark. Its composition can change over time as new companies satisfy the eligibility requirements and existing constituents no longer meet the methodology's criteria.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. CSNDX is used for the SIX Swiss Exchange listing in USD and the Borsa Italiana listing in EUR. On the London Stock Exchange, the same share class trades as CNDX in USD and CNX1 in GBP.

The ETF has a total expense ratio (TER) of 0.30% per year, uses physical replication, and is domiciled in Ireland under the UCITS framework. It is part of iShares VII plc and is managed by BlackRock Asset Management Ireland Limited.

The share class is accumulating, meaning dividends and other income received from portfolio companies 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) (CSNDX) was launched in 2010 to provide exposure to the largest non-financial companies listed on the Nasdaq Stock Market.

Since its launch, the fund has maintained a passive strategy linked to the Nasdaq-100 Index, reflecting changes in the composition of a benchmark with significant exposure to large companies in technology, consumer, communication, and other industries.

Throughout its history, the fund's performance has reflected broader equity-market cycles, particularly movements among large growth companies that represent significant portions of the Nasdaq-100. 

Additional Information

iShares NASDAQ 100 UCITS ETF USD Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $23.94 billion.

Over the past 12 months, iShares NASDAQ 100 UCITS ETF USD Acc recorded a return of -, with its price trading between $1,662.62 and $1,793.99 during the same period.

The ETF is traded under the ticker CSNDX.