Hensiktsmessighet
IShares Core S&P 500 ETF is one of the best in its category. This exchange-traded fund offers investors diversified exposure to US large-cap stocks by tracking the S&P 500, the most-cited proxy for the US equity market. Taking a passive approach to this market makes a lot of sense given the solid body of evidence showing that active managers struggle to consistently outperform a standard US large-cap equity market benchmark.
This ETF's risk-adjusted returns have ranked in the first quartile of its Morningstar Category, which includes both active and passive funds, during the trailing three- and five-year periods.
With a low ongoing charge of 0.07%--one of the lowest among all S&P 500 index funds and ETFs--and a soundly constructed and reasonably representative benchmark, this fund is well-positioned to continue its long streak of producing superior risk-adjusted returns relative to its category peers.
In terms of tracking performance, like most of its direct rivals, the iShares Core S&P 500 has outperformed its benchmark during the past three years, mainly thanks to favourable withholding-tax differences between the index and the fund, as well as modest securities-lending revenue.
In addition to its low fee and solid performance, we value iShares' strong fund management process, its highly experienced team, and its extensive internal network supporting the portfolio managers.
For these reasons, we have maintained our Morningstar Analyst Rating of Gold.
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