IE0002W8NB38
IE0002W8NB38
iShares MSCI USA Swap UCITS ETF
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Analytics & Allocation
Detailed breakdown by growth drivers, valuation & quality, and asset allocation
Synthetic Replication Note (Swap ETF)
Synthetic (Swap)The reported holdings, valuation ratios (P/E, etc.), and analyst estimates reflect the fund's underlying collateral/substitute basket, not the actual composition of the tracked index.
This ETF replicates index returns using financial derivatives (total return swaps) with counterparty banks. For regulatory reasons, the fund maintains a physical collateral basket which often consists of completely different securities than the benchmark index. While price performance accurately tracks the benchmark, fundamentals, sector weights, and individual holdings represent this collateral basket.
Growth Drivers (Estimates)
Largest contributors to earnings and revenue growth
Sectors & Industries
Weight
Avg. Growth
Contribution
Balance Sheet & Financial Health
Aggregated leverage and valuation structure
Weighted P/E
-12.8
Weighted Fwd P/E
27.43
Avg P/FCF
1,536
Avg FCF Yield
-0.17%
Avg EV / EBITDA
72.24
Avg EV / Revenue
13.05
Avg Price-to-Book (P/B)
15.32
Avg Price-to-Sales (P/S)
12.56
Avg Dividend Yield
0.01%
P/E Compression (Trailing vs Fwd)
-
Avg Debt-to-Equity (D/E)
69.09%
<50% (55.01%) 50-150% (31.21%) >150% (10.28%) Unreported (3.5%)
Profitability Analysis
264 Holdings CountProfitable 98.98%
Profitable 98.98%
260
Holdings Count (98.48%)
Unprofitable 1.02%
4
Holdings Count (1.52%)
ETF Concentration (Cumulative Weight)
Cumulative weight of positions (Lorenz curve)
Top 5
20.2%
Top 10
34.4%
Top 25
56.6%
50% Threshold
Top 20
The top 10 positions account for 34.4% of the portfolio. A healthy balance between a strong core and diversification. The steeper the curve initially rises, the more the largest positions dominate the fund volume.
Geographic Distribution
2 CountriesLoading TopoJSON Map...
0% (No exposure)
Tiers:
Low (0.1%+)
Med (0.0%+)
High (0.0%+)
Top (0.0%+)
Country Breakdown
Max: 0.00%0.00%
0.00%
Sector Distribution
2 SectorFinancial Services
0.00%
Basic Materials
0.00%
Technology
0.00%
Consumer Cyclical
0.00%
Communication Services
0.00%
Unknown
0.00%
Consumer Defensive
-0.00%
Utilities
-0.00%
Real Estate
-0.00%
Healthcare
-0.00%
Energy
-0.00%
Industrials
-0.00%
Industry Distribution
14 IndustriesOther
0.00%
Market Cap Distribution
528 Holdings CountNo estimate data available.
Mega Cap (> 200B)
(78) 0.00%
Large Cap (10B - 200B)
(448) 0.00%
Mid Cap (2B - 10B)
(2) 0.00%