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ETF sheet · Issuer-declared data

iShares Physical Platinum ETCIndex, costs, backtest, listings and taxation

ISIN: IE00B4LHWP62Ticker: SPLTIssuer: iShares
Issuer-declared data
Underlying
Benchmark for Physical Platinum
TER
0.20%
Transaction costs
0.00% (issuer estimate, from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
327.9 mln EUR
NAV
26.89 USD (31 August 2026)
Domicile
Ireland
Inception date
8 April 2011
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
Fund historyThe fund-assets (AUM) chart year by year, from declared data.Open the history →
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Description

iShares Physical Platinum ETC tracks the issuer-declared underlying: Benchmark for Physical Platinum. The declared annual cost (TER) is 0.20%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is physical replication; income is distributed to investors. The fund has assets of about 328 million euro, was launched on 8 April 2011 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The ETC securities aim to provide investment exposure to physical platinum and are valued based on the London Platinum and Palladium Market (LPPM) platinum price. The Company holds physical platinum. Each ETC security has a metal entitlement (“Metal Entitlement”, which is the amount of physical platinum backing the ETC security) and its daily value is calculated based on its daily Metal Entitlement. The daily Metal Entitlement can be found on www.ishares.com. The ETC securities are listed and traded on the London Stock Exchange. In normal circumstances, only authorised participants may buy and sell the ETC securities directly with the Company. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the ETC securities on the secondary market (e.g. via a broker on the London Stock Exchange) at the then prevailing market price. The prevailing market price at which the ETC securities trade on the secondary market may deviate from the daily value of the ETC securities and may not accurately reflect the price of the precious metal underlying the ETC securities. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below under “How long should I hold it and can I take money out early?” The platinum price fluctuates daily and the value of platinum is driven by various factors including its rarity, use in industrial processes and its use as an investment commodity. Pricing of precious metals can be impacted by fundamental issues of supply and demand, political and economic situations (especially in precious metal producing countries) and natural disasters. These factors may all affect the value of your investment. Your ETC securities are denominated in US dollars, the ETC's base currency. The ETC securities are listed and traded in currencies other than the base currency on one or more stock exchanges. The performance of your ETC securities may be affected by this currency difference.

Keep reading the KID section ▾

Intended retail investor:The ETC is intended for retail investors with the ability to bear losses up to the amount invested in the ETC. The ETC securities are appropriate for medium to long term investment, though the ETC securities may also be suitable for shorter term exposure (see further below “How long should I hold it and can I take money out early?”).

Insurance benefits:The ETC does not offer any insurance benefits.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.20%: below the median of commodity products we track (0.30%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Apr 2011 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-2.4%
Annualised
-0.2%
Volatility (ann.)
25.8%
Max drawdown
-69.64%
-69%-39%-8%+22%+53%Apr 2011Jan 2015Nov 2018Oct 2022Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)-2%Apr 2011Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-20%-40%-60%-80%201120142017202020232026−69.64% · 19 Mar 2020
Max drawdown
-69.64%
peak → trough
Trough
19 Mar 2020
from the 22 Aug 2011 peak
Recovery time
2,104 days
recovery only: trough to break-even · ≈ 5 years and 9 months
Underwater
5,236 days
decline + recovery: peak to break-even · ≈ 14 years and 4 months · → recovered on 22 Dec 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
22 Aug 201119 Mar 2020-69.64%22 Dec 20255,236
26 Jan 202630 Jun 2026-44.30%ongoing225
24 Dec 202531 Dec 2025-11.70%06 Jan 202613
03 May 201127 Jun 2011-9.69%22 Aug 2011111
06 Jan 202608 Jan 2026-6.13%12 Jan 20266

Calendar-year returns

2016
3.7%
2017
1.8%
2018
-14.7%
2019
21.7%
2020
10.4%
2021
-10.7%
2022
10.5%
2023
-5.7%
2024
-9.3%
2025
121.3%
2026
-8.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
202613.52.9-19.42.6-1.8-18.63.815.8-1.9-8.9
20256.6-3.35.3-2.210.226.0-3.33.216.61.13.223.5121.3
2024-8.2-4.02.23.511.6-3.5-4.0-3.34.81.0-5.5-2.8-9.3
2023-5.7-5.33.19.4-6.6-10.55.73.2-5.81.8-0.37.4-5.7
20226.24.0-7.5-5.23.3-5.8-2.1-4.92.28.29.63.910.5
20213.28.5-1.83.0-3.9-9.5-1.4-4.2-3.84.8-6.51.9-10.7
2020-1.2-9.2-16.65.47.6-1.311.12.8-5.0-3.614.99.810.4
20193.46.0-2.44.5-11.13.46.77.5-4.24.0-4.68.621.7
20188.1-2.5-4.4-3.30.2-6.2-2.4-4.72.92.4-3.5-1.4-14.7
20179.23.8-8.60.60.1-2.71.75.1-6.7-0.62.7-1.41.8
2016-0.76.16.19.1-8.82.814.4-8.2-1.6-5.6-5.8-1.43.7
20150.9-3.7-4.10.5-1.8-3.3-9.22.4-9.58.7-15.94.9-28.2
20141.75.2-2.50.42.71.1-0.5-3.3-8.7-5.7-1.80.4-11.3
20139.7-4.5-1.4-4.4-3.2-9.88.85.6-6.82.7-5.2-1.3-11.2
201217.66.3-5.0-4.3-10.51.6-0.16.39.9-5.92.6-5.59.9
2011-0.4-5.83.33.7-18.16.3-3.0-11.4-23.6
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — issuer-declared

How much the product returned above (+) or below (−) the price of its underlying, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.27% /anno
Declared TER
0.20%
YearFundUnderlyingDifference
2025+121.33%+121.77%-0.44%
2024-9.33%-9.15%-0.18%
2023-5.73%-5.54%-0.19%
2022+10.49%+10.71%-0.22%
2021-10.69%-10.51%-0.18%
2020+10.36%+10.71%-0.35%
2019+21.80%+22.29%-0.49%
2018-14.69%-14.35%-0.34%
2017+1.80%+2.21%-0.41%
2016+3.60%+4.01%-0.41%
Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 31 December 2025), not computed by us. Partial years excluded. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)46.58%32.67%30.20%27.10%24.43%
Max drawdown-42.19%-42.19%-42.19%-44.42%-60.20%
Sharpe0.810.710.480.260.13
Sortino1.090.980.680.370.19
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B4LHWP62
  • BG Saxozero within the savings plan (buys)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 10 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)SPLT25 Mar 2026
Börse HamburgPPFC22 Jan 2019
Börse HannoverPPFC9 Dec 2024
Börse München / gettexPPFC7 Mar 2023
Börse StuttgartPPFC26 Oct 2018
Tradegate ExchangePPFC27 Nov 2024
+ 3 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

What is the underlying of iShares Physical Platinum ETC?
The issuer iShares declares the underlying: Benchmark for Physical Platinum.
How much does SPLT cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.00%.
What is the fund size of SPLT?
The fund size declared by iShares is about 328 million euro.
When was SPLT launched?
The fund was launched on 8 April 2011: it has 15 years of history.
How does SPLT replicate its index?
Physical (issuer wording: “Physical Replication”).
Does SPLT pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “No Income”).
Where does SPLT trade?
Per the official ESMA register it trades on 6 main exchanges, including Borsa Italiana (ETFplus) (SPLT), Börse Hamburg (PPFC), Börse Hannover (PPFC), Börse München / gettex (PPFC), Börse Stuttgart (PPFC), Tradegate Exchange (PPFC).
What was SPLT's worst fall?
Over the available history (since 2011), the maximum drawdown was -69.64%, reached in March 2020. Past performance is not indicative of future results.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.