iShares US Medical Devices UCITS ETF USD (Acc)

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund's assets, which reflects the return of the Dow Jones U.S. Select Medical Equipment Capped 35/20 Index, the Fund's benchmark index (Index). The Share Class, via the Fund is passively managed, and aims to invest in equity securities (e.g. shares) that, so far as possible and practicable, make up the Index and comply with the index provider's liquidity eligibility criteria, size and free float criteria. The Index measures the performance of U.S. equity securities of companies included in the Dow Jones U.S. Broad Stock Market Index (Parent Index), which manufacture and distribute medical devices such as magnetic resonance imaging (MRI) scanners, prosthetics, pacemakers, X-ray machines, and other non-disposable medical devices. The Parent Index measures the performance of US Equity securities of large-cap and small-cap companies. To be eligible for inclusion in the Index, the equity securities must be publicly listed, be categorized into the medical equipment sector and have a free float-adjusted market capitalization of at least $500 million (or at least $250 million for existing constituents). Free float adjusted means that only shares available to international investors rather than all of a company's issued shares are used in calculating the Index. Free float - adjusted market capitalisation is the share price of the company multiplied by the number of shares available to international investors. The Index rebalances on a quarterly basis and caps the weight of the largest constituents at each rebalance to help ensure diversification. The weight of the largest group entity in the Index is capped at 35% and the remaining group entities at 20% with buffers of 2% and 1% applied on these limits respectively. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar p

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No