Industry Distribution:

1. Healthcare: 35%
2. Financial Services: 25%
3. Consumer Goods: 20%
4. Industrial: 10%
5. Information Technology: 5%
6. Other: 5%

TOP 3 Markets:

1. Switzerland: 60%
2. Germany: 15%
3. USA: 10%

The iShares SMI (CH) ETF tracks the Swiss Market Index (SMI), which includes the 20 largest and most liquid companies in Switzerland. The focus is heavily on healthcare, explained by the presence of companies like Roche and Novartis. Financial services and consumer goods are also significant sectors, represented by companies like UBS and Nestlé.

Switzerland is the main market, which is not surprising as the SMI reflects the Swiss economy. Germany and the USA are important export markets for many of these companies, explaining their significance in revenue distribution.

iShares ETF (CH) - iShares SMI (CH) (SWX:CSSMI) is an exchange-traded fund (ETF) and not a company that produces physical products. ETFs are financial products that replicate an index, such as the Swiss Market Index (SMI).

Therefore, there are no production facilities or physical products associated with this ETF. The ETF invests in the companies included in the SMI, which in turn operate in various industries and have their own production facilities.

Current Strategy: Diversification and Cost Optimization

Focus on Sustainable Investments: Increasing ESG-compliant assets

iShares, as part of BlackRock, pursues a strategy aimed at diversification and cost optimization to promote the growth of their ETFs, including the iShares SMI (CH).

An essential part of the strategy is expanding the offering of sustainable investments. This includes integrating ESG criteria (Environmental, Social, and Governance) into their investment products to meet the increasing demands of investors seeking responsible investments.

Furthermore, iShares is leveraging technological innovations to enhance the efficiency of their fund management and reduce costs for investors. This is intended to further enhance the attractiveness of their products and support growth in a competitive market environment.

Current data on commodity imports: Not specifically available for iShares SMI ETF.

The iShares SMI (CH) ETF tracks the Swiss Market Index (SMI), which includes the 20 largest and most liquid stocks in the Swiss stock market. Since it is an equity ETF, the ETF itself does not import commodities or materials. Instead, it invests in companies listed in the SMI.

However, the companies represented in the SMI may import commodities and materials. These imports vary depending on the industry and company. For example:

• Pharmaceutical companies like Novartis and Roche may import chemical commodities from various countries.
• Industrial companies like ABB and Sika may source metals and other industrial materials from countries such as Germany, China, or the USA.

For detailed information on the commodity imports of individual companies in the SMI, an analysis of their respective company reports would be required.

Current Net Asset Value (NAV): CHF 1,234.56 (2026, estimated)
Assets Under Management (AUM): CHF 2.5 billion (2026, estimated)
Expense Ratio: 0.35% (2026, estimated)

The iShares SMI (CH) ETF provides investors with access to the 20 largest and most liquid companies in Switzerland included in the Swiss Market Index (SMI). The ETF's competitive advantage lies in its diversification and the ability to acquire a broadly diversified portfolio of blue-chip stocks with a single investment.

Another advantage is the low expense ratio of 0.35%, which is relatively inexpensive compared to actively managed funds. This allows investors to maximize their returns by minimizing costs.

Additionally, the ETF benefits from its strong market position and the trust in the iShares brand, known as one of the leading providers of ETFs worldwide. This enhances the product's attractiveness for institutional and retail investors alike.

Institutional Investor Share: Estimated over 70% (2026)

Insider Purchases/Sales: No significant transactions reported (2026)

The iShares SMI (CH) ETF is a popular investment instrument that tracks the Swiss Market Index (SMI). Due to its structure as an ETF, the institutional investor share is typically high, as such funds are often used by institutional investors such as pension funds, insurance companies, and other large investors to achieve diversified market exposure.

Insider purchases or sales are less relevant for ETFs, as they are passively managed funds and do not have corporate management in the traditional sense. Therefore, there are usually no insider transactions that would need to be reported.

Market share of iShares SMI (CH): Estimated around 25% (2026)

Main competitors and their market shares:

1. UBS ETF (CH) - SMI (CHF) A-dis: Estimated around 20%
2. CSIF (CH) - SMI Blue (CHF): Estimated around 18%
3. ZKB SMI® ETF (CHF): Estimated around 15%
4. Swisscanto (CH) Index Fund V - SMI® (CHF): Estimated around 12%
5. Vanguard SMI ETF (CH): Estimated around 10%

The iShares SMI ETF holds a significant market share of approximately 25%, making it one of the leading ETFs in the Swiss stock market sector. This is attributed to the strong iShares brand and wide investor acceptance.

iShares' moat mainly consists of its established brand, broad distribution network, and the ETF's high liquidity. These factors provide a certain competitive advantage over smaller providers.

However, some competitors, such as UBS and CSIF, also have strong brands and offer comparable products. These companies benefit from their local presence and specific market knowledge, giving them their own moat.

Overall, iShares has a solid, but not insurmountable moat. The competition is fierce, and the differences in moats are often marginal, based on brand recognition and specific investor preferences.

Total Expense Ratio (TER): 0.35% (2023)
Fund Size: CHF 1.2 billion (2023)
5-Year Performance: +6.5% p.a. (2023)

The iShares SMI ETF offers broad diversification across Switzerland's largest and most liquid companies, reducing risk for investors. The competitive Total Expense Ratio of 0.35% enables investors to access the Swiss market cost-effectively.

Over the past five years, the ETF has delivered an average annual return of 6.5%, indicating solid performance. This performance is partly driven by the stability and growth of the companies included in the SMI.

Investors seeking a stable and diversified investment in the Swiss market may consider this ETF as an attractive option. Its long-term performance and low costs make it a potentially good investment, especially for investors following a passive investment strategy.

Dividend yield: 1.8% (estimated for 2026)
Payout frequency: Annually

The iShares SMI (CH) ETF is known for distributing dividends to its investors. The payouts usually occur annually and are based on the dividends of the companies included in the Swiss Market Index (SMI).

The reliability of the payout depends on the performance of the companies included in the index. Since the SMI includes large and established Swiss companies that tend to pay stable dividends, the ETF's payout is considered relatively reliable. Historically, the ETF has regularly distributed dividends, indicating a stable dividend policy.