The iShares Developed Markets Property Yield UCITS ETF USD (Acc) (DPYA) is an Ireland-domiciled real estate ETF managed by BlackRock and traded on the London Stock Exchange.

The ETF follows a passive investment strategy and uses physical replication through optimized sampling to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The FTSE EPRA Nareit Developed Dividend+ Index is part of the real estate index series developed by FTSE Russell in partnership with EPRA and Nareit. 

At its reviews, companies within the eligible FTSE EPRA Nareit Global Real Estate universe must generally have a forecast one-year dividend yield of at least 2% to qualify. Historical dividend yield data may be used when forecasts are unavailable.

Composition / Exposure Profile

DPYA provides exposure to several segments of the listed real estate market, including:

• Residential REITs.

• Industrial and logistics properties.

• Data centers.

• Retail and commercial properties.

• Health care properties.

• Self-storage.

• Diversified real estate companies.

Geographically, the fund provides exposure across developed markets, with significant exposure to the United States alongside countries in Europe and the Asia-Pacific region. The portfolio combines REITs and other listed real estate companies that meet the benchmark's eligibility requirements. 

Structure and Costs

DPYA has the U.S. dollar as both its fund base currency and share class currency. The strategy is also available through other share classes, including distributing and currency-hedged versions.

The ETF has a total expense ratio (TER) of 0.59% per year and uses physical replication through optimized sampling. It is domiciled in Ireland, operates under the UCITS framework, and is part of iShares II plc.

DPYA 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. The USD distributing share class of the same fund trades on the London Stock Exchange under the IWDP ticker.

History and Evolution of the ETF

The iShares Developed Markets Property Yield UCITS ETF USD (Acc) (DPYA) was launched in 2018 as an accumulating share class of BlackRock's developed-markets listed real estate strategy.

Since its launch, DPYA has maintained a passive strategy linked to the FTSE EPRA Nareit Developed Dividend+ Index, providing exposure to REITs and listed real estate companies across different property segments and developed markets.

Throughout its history, the fund's performance has reflected cycles in global listed real estate, including changes in interest rates and financing conditions, as well as shifts in demand across different property segments.

Additional Information

iShares Developed Markets Property Yield UCITS ETF USD (Acc) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $348.79 million.

Over the past 12 months, iShares Developed Markets Property Yield UCITS ETF USD (Acc) recorded a return of 0.67%, with its price trading between $5.88 and $6.86 during the same period.

The ETF is traded under the ticker DPYA.