The iShares Oil & Gas Exploration & Production UCITS ETF (SPOG) is an Ireland-domiciled equity ETF managed by BlackRock through its iShares platform. SPOG represents the fund's USD accumulating share class traded on the London Stock Exchange.

The fund seeks to track the S&P Commodity Producers Oil & Gas Exploration & Production Index, a benchmark comprising global companies primarily involved in oil and gas exploration and production.

SPOG follows a passive investment strategy and uses physical replication. The fund invests directly in equities with the objective of closely tracking the characteristics and performance of its benchmark.

The benchmark selects global companies involved in oil and gas exploration and production based on criteria related to their industry classification and revenue exposure to these activities. Its composition is periodically reviewed to reflect changes in the universe of eligible companies.

Composition / Exposure Profile

SPOG is thematically concentrated in the oil and gas exploration and production industry, primarily covering activities such as:

• Oil and gas exploration.

• Oil production.

• Natural gas production.

• Development of oil and gas reserves and resources.

Geographic exposure is global and may include companies from both developed and emerging markets. Individual country and company weights vary according to the composition of the index and its methodology.

As an ETF concentrated in a single industry, SPOG can be particularly sensitive to changes in global oil and natural gas prices, supply and demand conditions, production decisions, and the costs associated with developing new projects.

Regulatory and geopolitical developments, as well as the global energy transition, can also affect portfolio companies, along with changes in expectations for long-term fossil fuel demand.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. SPOG trades on the London Stock Exchange. The ETF has a total expense ratio (TER) of 0.55% per year, uses physical replication, and is domiciled in Ireland. It operates as part of iShares V plc under the UCITS framework.

SPOG 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 Oil & Gas Exploration & Production UCITS ETF USD (Acc) was launched in 2011 to provide exposure to global companies involved in oil and gas exploration and production.

Since its launch, the fund has maintained a passive strategy linked to the S&P Commodity Producers Oil & Gas Exploration & Production Index, tracking companies whose businesses are directly related to the production and development of oil and gas resources.

Throughout its history, SPOG's performance has reflected cycles in the oil and gas industry, including changes in commodity prices, shifts in global supply and demand, and economic and geopolitical developments affecting the sector.

Additional Information

iShares Oil & Gas Exploration & Production UCITS ETF USD Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $230.33 million.

Over the past 12 months, iShares Oil & Gas Exploration & Production UCITS ETF USD Acc recorded a return of 34.44%, with its price trading between $0.46 and $37.84 during the same period.

The ETF is traded under the ticker SPOG.