The UBS Core S&P 500 UCITS ETF hEUR acc is an exchange-traded fund designed to replicate the price and return performance of the S&P 500 Index, net of fees, through full physical replication by investing in the index's constituent stocks with corresponding weightings. This UCITS-compliant ETF, domiciled in Ireland and managed by UBS ETF, accumulates dividends rather than distributing them, allowing for potential compounding within the fund. It features a low total expense ratio, typically around 0.03% to 0.06% p.a., making it a cost-efficient option for tracking the performance of 500 leading U.S. companies across key sectors such as information technology, financials, consumer discretionary, and health care, which together capture approximately 75% of U.S. equity market capitalization. The 'hEUR' designation indicates currency hedging to the Euro, mitigating exchange rate risks for Euro-based investors while providing unhedged exposure to U.S. large-cap equities. As a long-only strategy with no sustainability focus, it offers broad diversification under strict UCITS regulations, including the 5/10/40 rule to limit concentration risk, liquidity safeguards, and transparent reporting, positioning it as a core holding for accessing the U.S. equity market benchmark.