The iShares S&P 500 3% Capped UCITS ETF seeks to mirror the performance of the S&P 500 3% Capped Index by holding shares of 500 major U.S. companies across various leading industries. Each company's weight in the fund is limited to a maximum of 3%, ensuring no single stock dominates the portfolio. The ETF is passively managed, using a free-float market capitalization approach, and updates its holdings every quarter to stay aligned with the index’s composition.