The iShares Core FTSE 100 UCITS ETF USD Hedged (Acc) (ISFD) is an Ireland-domiciled equity ETF managed by BlackRock through its iShares platform. ISFD is the ticker for the fund's U.S. dollar trading line on the London Stock Exchange.

The fund seeks to track the FTSE 100 Index, a benchmark comprising the 100 largest eligible companies listed on the London Stock Exchange by market capitalization.

ISFD provides exposure to leading companies in the U.K. equity market through a passive investment strategy and uses full physical replication, directly holding the stocks included in its benchmark.

The share class is hedged to the U.S. dollar. It uses derivatives to reduce the impact of movements in the British pound relative to the U.S. dollar on share-class returns. The hedging strategy reduces this currency exposure but does not necessarily eliminate its effects entirely.

Composition / Exposure Profile

ISFD holds 100 large companies listed in the United Kingdom across different sectors of the economy, including:

• Financials.

• Health care.

• Energy.

• Consumer staples.

• Materials.

• Industrials.

• Consumer discretionary.

• Communication services.

• Utilities.

• Information technology.

Although the FTSE 100 represents the U.K. large-cap equity market, many of its constituents have international operations and generate revenue across different regions. Their performance can therefore also be influenced by economic and market conditions outside the United Kingdom.

The index is weighted by free float-adjusted market capitalization. As a result, companies with larger market values available for public trading receive greater weights in the benchmark.

Structure and Costs

The fund has the British pound as its base currency, while the ISFD share class is denominated in U.S. dollars. On the London Stock Exchange, this share class trades in USD under ISFD.

The ETF has a total expense ratio (TER) of 0.20% per year, uses full physical replication, and is domiciled in Ireland. It operates as part of iShares plc under the UCITS framework.

The ISFD share class uses derivatives to hedge currency exposure back to the U.S. dollar. The strategy seeks to reduce the impact of currency movements on share-class returns, although differences can remain due to hedging implementation and costs.

ISFD 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 Core FTSE 100 UCITS ETF USD Hedged (Acc) (ISFD) share class was launched in 2017 to provide exposure to leading U.K.-listed companies while hedging currency exposure back to the U.S. dollar.

Since its launch, the share class has maintained a passive strategy linked to the FTSE 100 Index, combining physical exposure to benchmark constituents with a USD currency-hedging strategy.

Throughout its history, ISFD's performance has reflected movements in large U.K.-listed companies alongside factors such as global economic conditions, commodity prices, interest rates, and residual currency movements after hedging.

Additional Information

iShares Core FTSE 100 UCITS ETF USD Hedged Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $191.86 million.

Over the past 12 months, iShares Core FTSE 100 UCITS ETF USD Hedged Acc recorded a return of 12.65%, with its price trading between $8.84 and $10.56 during the same period.

The ETF is traded under the ticker ISFD.