The iShares NASDAQ 100 UCITS ETF (CNX1) is an Ireland-domiciled equity ETF managed by BlackRock through its iShares platform. CNX1 is the ticker for the fund's GBP trading line on the London Stock Exchange.

The fund seeks to track the Nasdaq-100 Index, a benchmark comprising 100 of the largest non-financial companies listed on the Nasdaq Stock Market. CNX1 follows a passive investment strategy and uses physical replication. Its portfolio is structured to closely track the composition and performance of its benchmark.

The Nasdaq-100 includes large companies across sectors such as technology, consumer, health care, communication services, and industrials. Although most of its exposure is associated with the U.S. market, the index is not restricted to U.S. companies and can include eligible international companies listed on Nasdaq.

Composition / Exposure Profile

CNX1 provides exposure across different areas of the economy, including:

• Technology.

• Consumer discretionary.

• Health care.

• Communication services.

• Industrials.

• Consumer staples.

• Utilities.

Financial companies are excluded from the Nasdaq-100 universe. The index uses a modified market-capitalization-weighted methodology, giving larger companies significant influence while applying rules designed to limit excessive concentration.

The portfolio typically has significant exposure to companies involved in technology, software, semiconductors, digital services, and other innovation-related industries. However, the Nasdaq-100 is not exclusively a technology index and includes companies across several non-financial sectors.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. On the London Stock Exchange, the accumulating share class trades in GBP under CNX1 and in USD under CNDX. The trading currency does not change the portfolio's underlying economic exposure or provide currency hedging.

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

CNX1 follows an accumulating income policy. Dividends received from portfolio companies are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The iShares NASDAQ 100 UCITS ETF USD (Acc) was launched in 2010 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, tracking a group of large companies across different non-financial sectors.

Throughout its history, the fund's performance has reflected both broader equity-market movements and the performance of the large companies represented in the Nasdaq-100, with significant exposure to sectors such as technology, consumer, communication services, and health care.

Additional Information

iShares NASDAQ 100 UCITS ETF USD Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $29.69 billion.

Over the past 12 months, iShares NASDAQ 100 UCITS ETF USD Acc recorded a return of 24.43%, with its price trading between $1,332.32 and $1,799.29 during the same period.

The ETF is traded under the ticker CNX1.