ISHARES S&P 500 VALUE ETF

The iShares S&P 500 Value ETF is a U.S.-domiciled exchange-traded fund that tracks an index of large-cap U.S. equities with value characteristics, and on the Hamburg Stock Exchange it is traded under the ticker 3ISA. ## Basic details - Full name: iShares S&P 500 Value ETF. - Primary U.S. ticker: IVE on NYSE Arca. - Hamburg Stock Exchange ticker: 3ISA, which represents a secondary listing of the same underlying ETF for trading in the German market. - Asset class: Equity, large-cap U.S. value stocks. - Objective: Track the performance of the S&P 500 Value Index, which selects S&P 500 constituents with relatively attractive value metrics such as book value, earnings, and sales. ## Key characteristics - Underlying index: S&P 500 Value Index, focusing on the value segment of the S&P 500 universe. - Strategy: Passive index tracking; seeks to replicate the index rather than outperform it. - Diversification: Holds several hundred U.S. large-cap stocks across sectors, giving broad exposure to U.S. value equities. - Use cases: Often used as a core value-style allocation within a diversified equity portfolio, or to tilt an existing S&P 500 position toward value stocks. ## Costs and structure - Fund provider: BlackRock, via the iShares ETF range. - Management fee / ongoing charge: The total expense ratio is around 0.18% per year on the primary share class (IVE), which generally also applies as the economic cost behind secondary listings like 3ISA. - Distribution policy: The ETF typically distributes dividends quarterly, passing through dividends received from the underlying U.S. companies, subject to local tax rules for the investor. ## Trading on Hamburg (3ISA) - 3ISA is a cross-listed line of the same ETF that trades in Germany, allowing investors to buy and sell it during German exchange hours in the local market environment. - Price, spreads, and trading currency on Hamburg are determined by that venue’s market makers and may differ slightly intraday from the primary U.S. listing, but both lines reflect the same underlying U.S. portfolio and net asset value over time. If you share what you want to know next (for example, performance, dividend yield, or how it fits your portfolio), a more targeted breakdown for 3ISA can be provided.