# iShares MSCI Taiwan UCITS ETF (ITWN)

**Page:** https://fundology.uk/fund/itwn · ISIN IE00B0M63623

## 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, ITWN (iShares MSCI Taiwan UCITS ETF, ISIN IE00B0M63623) closed at £134.86 on the London Stock Exchange. Its ongoing charge is 0.74% a year (about £74 on £10,000). Over the five years to 13/11/2026 its total return was +142.7%, or +89.4% after UK CPIH inflation.

## Summary

iShares MSCI Taiwan UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2005. It tracks the MSCI Taiwan 20/35 Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.74% a year — about £74 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: **£134.86** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | ITWN |
| ISIN | IE00B0M63623 |
| Also listed as | IDTW (London Stock Exchange, US dollars), IQQT (Xetra, euros) |
| Category | Emerging markets |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Taiwan 20/35 Index |
| Income | Distributing |
| Ongoing charge | 0.74% a year (£74 per £10,000) |
| Fund size | £1.1bn |
| Launched | 2005 |
| 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 | +58.39% | +52.78% | income reinvested |
| 3 years | +164.23% | +138.73% | income reinvested |
| 5 years | +142.67% | +89.42% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares MSCI Taiwan UCITS ETF in pounds (price only, income paid out not included): 2022 −23.6%, 2023 +19.0%, 2024 +24.8%, 2025 +21.6%; 2026 to 13/11/2026 +49.8%. Returns of iShares MSCI Taiwan UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +85.5%; to 30/09/2025: +21.9%; to 30/09/2024: +31.1%; to 30/09/2023: +8.5%; to 30/09/2022: −16.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -23.6% | -30.1% | Price |
| 2023 | +19.0% | +14.3% | Price |
| 2024 | +24.8% | +20.5% | Price |
| 2025 | +21.6% | +17.4% | Price |
| 2026 to 13/11/2026 | +49.8% | +45.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 32.02% | -23.28% |
| 3 years | 24.82% | -23.28% |
| 5 years | 22.22% | -31.59% |

## Largest fall

Volatility of iShares MSCI Taiwan UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 32.0% over 1 year, 24.8% over 3 years, 22.2% over 5 years. Largest fall in the price of iShares MSCI Taiwan UCITS ETF since November 2021, in pounds: −31.6% from 14/01/2022 to 28/10/2022. The lowest 12-month return of iShares MSCI Taiwan UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −23.8% (12 months to 28/10/2022); the highest was +115.3% (12 months to 19/06/2026). On 13/11/2026 the price of iShares MSCI Taiwan UCITS ETF was 16.8% below its highest weekly close since November 2021 (02/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI Taiwan UCITS ETF 0.74% a year. Compared on 14/11/2026, 13 of the 151 other emerging-market share funds charge more, 5 the same and 133 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.74%** 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, ITWN holds 75 positions, according to its published holdings. The largest is TSMC at 32.52% of the fund; the ten largest make up 60.8%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 32.52% |
| 2 | MediaTek | [2454](https://fundology.uk/stock/2454) | 8.03% |
| 3 | Hon Hai Precision Industry | [2317](https://fundology.uk/stock/2317) | 4.52% |
| 4 | Delta Electronics | [2308](https://fundology.uk/stock/2308) | 3.37% |
| 5 | ASE Technology | [3711](https://fundology.uk/stock/3711) | 2.89% |
| 6 | Fubon Financial | [2881](https://fundology.uk/stock/2881) | 2.04% |
| 7 | CTBC Financial | [2891](https://fundology.uk/stock/2891) | 2.02% |
| 8 | Nan Ya Plastics | [1303](https://fundology.uk/stock/1303) | 1.87% |
| 9 | Elite Material | [2383](https://fundology.uk/stock/2383) | 1.80% |
| 10 | United Micro Electronics | — | 1.71% |

## 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 | 76.8% |
| Financials | 15.1% |
| Materials | 3.0% |
| Communication Services | 1.7% |
| Industrials | 1.5% |
| Consumer Staples | 0.8% |
| Health Care | 0.7% |
| Consumer Discretionary | 0.2% |
| Other sectors | 0.2% |

### 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 | 0.2% |

All 77 holdings: https://fundology.uk/fund/itwn/holdings

## Questions people ask

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

The ongoing charge of ITWN is 0.74% a year — about £74 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 Taiwan UCITS ETF 0.74% a year. Compared on 14/11/2026, 13 of the 151 other emerging-market share funds charge more, 5 the same and 133 less (share classes counted once).

**What does ITWN track?**

ITWN tracks the MSCI Taiwan 20/35 Index.

**Is ITWN accumulating or distributing?**

ITWN is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**What is the ISIN of ITWN?**

The ISIN of ITWN is IE00B0M63623. An ISIN identifies one exact share class of a fund; ITWN is its ticker on the London Stock Exchange. The same share class is also listed as IDTW (London Stock Exchange, US dollars) and IQQT (Xetra, euros).

**What does ITWN hold?**

As of 06/11/2026, ITWN holds 75 positions, according to its published holdings. The largest is TSMC at 32.52% of the fund; the ten largest make up 60.8%. Its ten largest holdings are TSMC (32.52%), MediaTek (8.03%), Hon Hai Precision Industry (4.52%), Delta Electronics (3.37%), ASE Technology (2.89%), Fubon Financial (2.04%), CTBC Financial (2.02%), Nan Ya Plastics (1.87%), Elite Material (1.80%) and United Micro Electronics (1.71%).

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

Calendar-year returns of ITWN in pounds (price only, income paid out not included): 2022 −23.6%, 2023 +19.0%, 2024 +24.8%, 2025 +21.6%; 2026 to 13/11/2026 +49.8%. Past performance is not a guide to future returns.

**How has ITWN done after inflation?**

Over the five years to 13/11/2026 ITWN’s total return was +142.7%, or +89.4% 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/251878/ishares-msci-taiwan-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-taiwan-ucits-etf-usd-dist-gb-ie00b0m63623-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/itwn-ishares-msci-taiwan-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.