The Xtrackers S&P 500 Equal Weight UCITS ETF (XDWE) is an Ireland-domiciled equity ETF managed by DWS through its Xtrackers platform. XDWE represents the fund's 1C accumulating share class traded in British pounds on the London Stock Exchange.

The fund seeks to track the S&P 500 Equal Weight Index, a benchmark comprising the same companies as the S&P 500 but assigning equal weights to its constituents.

XDWE follows a passive investment strategy and uses direct physical replication, investing in the stocks included in its benchmark. The fund seeks to replicate the index's performance before fees and other applicable costs.

The main difference from the traditional S&P 500 lies in the weighting methodology. While the S&P 500 gives greater weight to companies with larger market capitalizations, the S&P 500 Equal Weight Index assigns equal weights to each company at its quarterly rebalancings. 

Composition / Exposure Profile

XDWE provides exposure to companies across different sectors of the U.S. economy, including:

• Information technology.

• Financials.

• Health care.

• Consumer discretionary.

• Industrials.

• Communication services.

• Consumer staples.

• Energy.

• Utilities.

• Materials.

• Real estate.

Geographic exposure is concentrated in the United States, and the strategy uses the same company universe as the S&P 500.

At each quarterly rebalancing, every company receives approximately the same weight in the index. Between rebalancings, individual weights can drift as stock prices change before being reset at the next scheduled rebalance.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. XDWE represents the GBP trading line on the London Stock Exchange.

The ETF has a total expense ratio (TER) of 0.15% per year, uses direct physical replication, and is domiciled in Ireland. It operates as part of Xtrackers (IE) plc under the UCITS framework.

The share class 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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C was launched in 2014 to provide exposure to S&P 500 companies through an equal-weight methodology.

Since its launch, the fund has maintained a passive strategy linked to the S&P 500 Equal Weight Index, periodically resetting company weights to reflect the benchmark's methodology.

Throughout its history, XDWE's performance has reflected movements in the U.S. equity market as well as the effects of its equal-weight methodology relative to the traditional S&P 500.

Additional Information

Xtrackers S&P 500 Equal Weight UCITS ETF 1C (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $11.25 billion.

Over the past 12 months, Xtrackers S&P 500 Equal Weight UCITS ETF 1C recorded a return of 11.55%, with its price trading between $1.51 and $124.26 during the same period.

The ETF is traded under the ticker XDWE.