# iShares MSCI Japan USD Hedged UCITS ETF (IJPD)

**Page:** https://fundology.uk/fund/ijpd · ISIN IE00BCLWRG39

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, IJPD (iShares MSCI Japan USD Hedged UCITS ETF, ISIN IE00BCLWRG39) closed at $117.37 on the London Stock Exchange. Its ongoing charge is 0.64% a year (about £64 on £10,000). Over the five years to 13/11/2026 its total return was +152.0%, or +96.7% after UK CPIH inflation.

## Summary

iShares MSCI Japan USD Hedged UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2013. It tracks the MSCI Japan 100% Hedged to USD Net Variant — large and medium-sized Japanese companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.64% a year — about £64 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.

Latest close: **$117.37** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IJPD |
| ISIN | IE00BCLWRG39 |
| Category | Japan & Asia Pacific |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Japan 100% Hedged to USD Net Variant |
| Income | Accumulating |
| Ongoing charge | 0.64% a year (£64 per £10,000) |
| Fund size | £447m |
| Launched | 2013 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/10/2013 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +21.57% | +17.26% | income reinvested |
| 3 years | +80.41% | +63.00% | income reinvested |
| 5 years | +152.01% | +96.71% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares MSCI Japan USD Hedged UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +8.6%, 2023 +28.2%, 2024 +27.1%, 2025 +19.8%; 2026 to 13/11/2026 +20.1%. Returns of iShares MSCI Japan USD Hedged UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +38.6%; to 30/09/2025: +24.1%; to 30/09/2024: +11.6%; to 30/09/2023: +20.3%; to 30/09/2022: +17.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +8.6% | -0.6% | Price |
| 2023 | +28.2% | +23.1% | Price |
| 2024 | +27.1% | +22.8% | Price |
| 2025 | +19.8% | +15.7% | Price |
| 2026 to 13/11/2026 | +20.1% | +16.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.75% | -10.35% |
| 3 years | 19.63% | -18.33% |
| 5 years | 18.09% | -18.33% |

## Largest fall

Volatility of iShares MSCI Japan USD Hedged UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 19.7% over 1 year, 19.6% over 3 years, 18.1% over 5 years. Largest fall in the price of iShares MSCI Japan USD Hedged UCITS ETF since November 2021, in pounds: −18.3% from 24/01/2025 to 04/04/2025. The lowest 12-month return of iShares MSCI Japan USD Hedged UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −11.7% (12 months to 11/04/2025); the highest was +61.5% (12 months to 19/06/2026). On 13/11/2026 the price of iShares MSCI Japan USD Hedged UCITS ETF was 6.0% below its highest weekly close since November 2021 (02/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI Japan USD Hedged UCITS ETF 0.64% a year. Compared on 14/11/2026, 1 of the 108 other Japan and Asia Pacific share funds charge more, 3 the same and 104 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.64%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, IJPD holds 167 positions, according to its published holdings. The largest is Mitsubishi UFJ Financial Group at 4.52% of the fund; the ten largest make up 29.6%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Mitsubishi UFJ Financial Group | [8306](https://fundology.uk/stock/8306) | 4.52% |
| 2 | Toyota Motor | [7203](https://fundology.uk/stock/7203) | 4.15% |
| 3 | Sony Group | [6758](https://fundology.uk/stock/6758) | 3.16% |
| 4 | Recruit | [6098](https://fundology.uk/stock/6098) | 2.96% |
| 5 | Sumitomo Mitsui Financial Group | [8316](https://fundology.uk/stock/8316) | 2.87% |
| 6 | Advantest | [6857](https://fundology.uk/stock/6857) | 2.69% |
| 7 | Hitachi | [6501](https://fundology.uk/stock/6501) | 2.64% |
| 8 | Tokyo Electron | [8035](https://fundology.uk/stock/8035) | 2.41% |
| 9 | Mizuho Financial Group | [8411](https://fundology.uk/stock/8411) | 2.19% |
| 10 | Tokio Marine | [8766](https://fundology.uk/stock/8766) | 2.01% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Industrials | 23.9% |
| Financials | 19.1% |
| Consumer Discretionary | 16.6% |
| Information Technology | 15.3% |
| Communication Services | 6.5% |
| Health Care | 6.0% |
| Consumer Staples | 3.9% |
| Materials | 3.5% |
| Other sectors | 5.6% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 98.4% |
| Cash and money market | 1.1% |

All 168 holdings: https://fundology.uk/fund/ijpd/holdings

## Questions people ask

**What is the ongoing charge of IJPD?**

The ongoing charge of IJPD is 0.64% a year — about £64 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares MSCI Japan USD Hedged UCITS ETF 0.64% a year. Compared on 14/11/2026, 1 of the 108 other Japan and Asia Pacific share funds charge more, 3 the same and 104 less (share classes counted once).

**What does IJPD track?**

IJPD tracks the MSCI Japan 100% Hedged to USD Net Variant — large and medium-sized Japanese companies.

**Is IJPD accumulating or distributing?**

IJPD is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of IJPD?**

The ISIN of IJPD is IE00BCLWRG39. An ISIN identifies one exact share class of a fund; IJPD is its ticker on the London Stock Exchange.

**What does IJPD hold?**

As of 06/11/2026, IJPD holds 167 positions, according to its published holdings. The largest is Mitsubishi UFJ Financial Group at 4.52% of the fund; the ten largest make up 29.6%. Its ten largest holdings are Mitsubishi UFJ Financial Group (4.52%), Toyota Motor (4.15%), Sony Group (3.16%), Recruit (2.96%), Sumitomo Mitsui Financial Group (2.87%), Advantest (2.69%), Hitachi (2.64%), Tokyo Electron (2.41%), Mizuho Financial Group (2.19%) and Tokio Marine (2.01%).

**What were IJPD’s returns in each of the last five years?**

Calendar-year returns of IJPD in pounds (price, with income reinvested in the fund): 2022 +8.6%, 2023 +28.2%, 2024 +27.1%, 2025 +19.8%; 2026 to 13/11/2026 +20.1%. Past performance is not a guide to future returns.

**How has IJPD done after inflation?**

Over the five years to 13/11/2026 IJPD’s total return was +152.0%, or +96.7% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/257514/ishares-msci-japan-usd-hedged-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-japan-usd-hedged-ucits-etf-gb-ie00bclwrg39-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ijpd-ishares-msci-japan-usd-hedged-ucits-etf-acc-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.