# iShares MSCI North America UCITS ETF (INAA)

**Page:** https://fundology.uk/fund/inaa · ISIN IE00B14X4M10

## 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, INAA (iShares MSCI North America UCITS ETF, ISIN IE00B14X4M10) closed at £105.55 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was +69.3%, or +32.1% after UK CPIH inflation.

## Summary

iShares MSCI North America UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2006. It tracks the MSCI North America. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.4% a year — about £40 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£105.55** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | INAA |
| ISIN | IE00B14X4M10 |
| Also listed as | IDNA (London Stock Exchange, US dollars), IQQN (Xetra, euros) |
| Category | US shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI North America |
| Income | Distributing |
| Ongoing charge | 0.40% a year (£40 per £10,000) |
| Fund size | £1.1bn |
| Launched | 2006 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/06/2010 |

## 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 | +10.86% | +6.93% | income reinvested |
| 3 years | +63.91% | +48.08% | income reinvested |
| 5 years | +69.30% | +32.15% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares MSCI North America UCITS ETF in pounds (price only, income paid out not included): 2022 −11.2%, 2023 +18.2%, 2024 +26.7%, 2025 +6.8%; 2026 to 13/11/2026 +12.0%. Returns of iShares MSCI North America UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +15.8%; to 30/09/2025: +17.2%; to 30/09/2024: +21.0%; to 30/09/2023: +7.1%; to 30/09/2022: +1.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -11.2% | -18.7% | Price |
| 2023 | +18.2% | +13.5% | Price |
| 2024 | +26.7% | +22.3% | Price |
| 2025 | +6.8% | +3.1% | Price |
| 2026 to 13/11/2026 | +12.0% | +8.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 11.47% | -7.13% |
| 3 years | 12.74% | -18.98% |
| 5 years | 13.61% | -18.98% |

## Largest fall

Volatility of iShares MSCI North America UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 11.5% over 1 year, 12.7% over 3 years, 13.6% over 5 years. Largest fall in the price of iShares MSCI North America UCITS ETF since November 2021, in pounds: −19.0% from 17/01/2025 to 18/04/2025. The lowest 12-month return of iShares MSCI North America UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −11.4% (12 months to 23/12/2022); the highest was +32.2% (12 months to 17/04/2026). On 13/11/2026 the price of iShares MSCI North America UCITS ETF was 3.2% below its highest weekly close since November 2021 (09/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI North America UCITS ETF 0.40% a year. Compared on 14/11/2026, 29 of the 254 other US share funds charge more, 3 the same and 222 less (share classes counted once).

## Funds tracking the same index

2 funds track MSCI North America, this one included and share classes counted once; their ongoing charges range from 0.23% to 0.40% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Invesco MSCI North America Swap UCITS ETF Accum USD | 0.23% | — | — | — |
| iShares MSCI North America UCITS ETF (this fund) | 0.40% | +10.9% | +63.9% | +69.3% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.40%** per year (as of 13/11/2026)
- 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, INAA holds 595 positions, according to its published holdings. The largest is Apple at 7.55% of the fund; the ten largest make up 35.0%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 7.55% |
| 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 6.44% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 5.62% |
| 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 3.77% |
| 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.51% |
| 6 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 2.01% |
| 7 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 1.99% |
| 8 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 1.99% |
| 9 | Eli Lilly | [LLY](https://fundology.uk/stock/LLY) | 1.63% |
| 10 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 1.54% |

## 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 |
|---|---|
| Information Technology | 34.3% |
| Financials | 13.7% |
| Health Care | 10.1% |
| Consumer Discretionary | 9.3% |
| Communication Services | 8.6% |
| Industrials | 8.4% |
| Consumer Staples | 5.0% |
| Energy | 4.2% |
| Other sectors | 6.5% |

### By country

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

| Country | Weight |
|---|---|
| United States | 95.2% |
| Canada | 4.6% |
| Cash and derivatives | 0.3% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.7% |
| Cash and money market | 0.3% |

All 598 holdings: https://fundology.uk/fund/inaa/holdings

## Questions people ask

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

The ongoing charge of INAA is 0.40% a year — about £40 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 North America UCITS ETF 0.40% a year. Compared on 14/11/2026, 29 of the 254 other US share funds charge more, 3 the same and 222 less (share classes counted once).

**What does INAA track?**

INAA tracks the MSCI North America.

**Is INAA accumulating or distributing?**

INAA is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of INAA?**

The ISIN of INAA is IE00B14X4M10. An ISIN identifies one exact share class of a fund; INAA is its ticker on the London Stock Exchange. The same share class is also listed as IDNA (London Stock Exchange, US dollars) and IQQN (Xetra, euros).

**What does INAA hold?**

As of 06/11/2026, INAA holds 595 positions, according to its published holdings. The largest is Apple at 7.55% of the fund; the ten largest make up 35.0%. Its ten largest holdings are Apple (7.55%), NVIDIA (6.44%), Microsoft (5.62%), Amazon (3.77%), Alphabet · Class A (2.51%), Meta Platforms · Class A (2.01%), Alphabet · Class C (1.99%), Broadcom (1.99%), Eli Lilly (1.63%) and Tesla (1.54%).

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

Calendar-year returns of INAA in pounds (price only, income paid out not included): 2022 −11.2%, 2023 +18.2%, 2024 +26.7%, 2025 +6.8%; 2026 to 13/11/2026 +12.0%. Past performance is not a guide to future returns.

**How has INAA done after inflation?**

Over the five years to 13/11/2026 INAA’s total return was +69.3%, or +32.1% 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/251873/ishares-msci-north-america-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-north-america-ucits-etf-usd-dist-gb-ie00b14x4m10-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/inaa-ishares-msci-north-america-ucits-etf-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.