# iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSF)

**Page:** https://fundology.uk/fund/iusf · ISIN IE00BD1F4K20

## 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, IUSF (iShares MSCI USA Mid-Cap Equal Weight UCITS ETF, ISIN IE00BD1F4K20) closed at £10.25 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was +31.0%, or +2.2% after UK CPIH inflation.

## Summary

iShares MSCI USA Mid-Cap Equal Weight UCITS ETF Accum Shs USD is an exchange-traded fund (ETF) from iShares, launched in 2016. It tracks the MSCI USA Mid Cap Equal Weighted. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.2% a year — about £20 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.

Latest close: **£10.25** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IUSF |
| ISIN | IE00BD1F4K20 |
| Also listed as | IUSZ (London Stock Exchange, US dollars), QDVC (Xetra, euros) |
| Category | US shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI USA Mid Cap Equal Weighted |
| Income | Accumulating |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £226m |
| Launched | 2016 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/10/2016 |

## 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 | +11.38% | +7.43% | income reinvested |
| 3 years | +46.63% | +32.47% | income reinvested |
| 5 years | +30.95% | +2.22% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares MSCI USA Mid-Cap Equal Weight UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund): 2022 −8.6%, 2023 +10.8%, 2024 +15.9%, 2025 −0.8%; 2026 to 13/11/2026 +12.1%. Returns of iShares MSCI USA Mid-Cap Equal Weight UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +7.8%; to 30/09/2025: +7.3%; to 30/09/2024: +16.3%; to 30/09/2023: +0.5%; to 30/09/2022: +0.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.6% | -16.3% | Price |
| 2023 | +10.8% | +6.4% | Price |
| 2024 | +15.9% | +12.0% | Price |
| 2025 | -0.8% | -4.2% | Price |
| 2026 to 13/11/2026 | +12.1% | +8.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 10.85% | -7.05% |
| 3 years | 13.46% | -20.71% |
| 5 years | 15.24% | -20.71% |

## Largest fall

Volatility of iShares MSCI USA Mid-Cap Equal Weight UCITS ETF Accum Shs USD in pounds, annualised from weekly returns to 13/11/2026: 10.8% over 1 year, 13.5% over 3 years, 15.2% over 5 years. Largest fall in the price of iShares MSCI USA Mid-Cap Equal Weight UCITS ETF Accum Shs USD since November 2021, in pounds: −20.7% from 17/01/2025 to 11/04/2025. The lowest 12-month return of iShares MSCI USA Mid-Cap Equal Weight UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) since January 2021 was −9.8% (12 months to 18/08/2023); the highest was +33.2% (12 months to 22/11/2024). On 13/11/2026 the price of iShares MSCI USA Mid-Cap Equal Weight UCITS ETF Accum Shs USD was 1.3% below its highest weekly close since November 2021 (13/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI USA Mid-Cap Equal Weight UCITS ETF Accum Shs USD 0.20% a year. Compared on 14/11/2026, 85 of the 254 other US share funds charge more, 44 the same and 125 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.20%** 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, IUSF holds 289 positions, according to its published holdings. The largest is SharkNinja at 0.72% of the fund; the ten largest make up 5.9%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | SharkNinja | [SN](https://fundology.uk/stock/SN) | 0.72% |
| 2 | Okta · Class A | [OKTA](https://fundology.uk/stock/OKTA) | 0.65% |
| 3 | Vivmark Residential | [VMRK](https://fundology.uk/stock/VMRK) | 0.65% |
| 4 | Veeva Systems · Class A | [VEEV](https://fundology.uk/stock/VEEV) | 0.62% |
| 5 | Atlassian · Class A | [TEAM](https://fundology.uk/stock/TEAM) | 0.59% |
| 6 | Best Buy | [BBY](https://fundology.uk/stock/BBY) | 0.56% |
| 7 | Mettler Toledo | — | 0.55% |
| 8 | Agilent Technologies | [A](https://fundology.uk/stock/A) | 0.53% |
| 9 | Iqvia | [IQV](https://fundology.uk/stock/IQV) | 0.52% |
| 10 | Natera | [NTRA](https://fundology.uk/stock/NTRA) | 0.52% |

## 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 | 17.4% |
| Financials | 16.5% |
| Information Technology | 13.4% |
| Health Care | 13.3% |
| Consumer Discretionary | 10.1% |
| Utilities | 6.6% |
| Consumer Staples | 6.2% |
| Materials | 6.2% |
| Other sectors | 11.0% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.8% |
| Cash and money market | 0.2% |

All 292 holdings: https://fundology.uk/fund/iusf/holdings

## Questions people ask

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

The ongoing charge of IUSF is 0.20% a year — about £20 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 USA Mid-Cap Equal Weight UCITS ETF Accum Shs USD 0.20% a year. Compared on 14/11/2026, 85 of the 254 other US share funds charge more, 44 the same and 125 less (share classes counted once).

**What does IUSF track?**

IUSF tracks the MSCI USA Mid Cap Equal Weighted.

**Is IUSF accumulating or distributing?**

IUSF 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 IUSF?**

The ISIN of IUSF is IE00BD1F4K20. An ISIN identifies one exact share class of a fund; IUSF is its ticker on the London Stock Exchange. The same share class is also listed as IUSZ (London Stock Exchange, US dollars) and QDVC (Xetra, euros).

**What does IUSF hold?**

As of 06/11/2026, IUSF holds 289 positions, according to its published holdings. The largest is SharkNinja at 0.72% of the fund; the ten largest make up 5.9%. Its ten largest holdings are SharkNinja (0.72%), Okta · Class A (0.65%), Vivmark Residential (0.65%), Veeva Systems · Class A (0.62%), Atlassian · Class A (0.59%), Best Buy (0.56%), Mettler Toledo (0.55%), Agilent Technologies (0.53%), Iqvia (0.52%) and Natera (0.52%).

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

Calendar-year returns of IUSF in pounds (price, with income reinvested in the fund): 2022 −8.6%, 2023 +10.8%, 2024 +15.9%, 2025 −0.8%; 2026 to 13/11/2026 +12.1%. Past performance is not a guide to future returns.

**How has IUSF done after inflation?**

Over the five years to 13/11/2026 IUSF’s total return was +31.0%, or +2.2% 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/285206/ishares-msci-usa-mid-cap-equal-weight-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-usa-mid-cap-equal-weight-ucits-etf-usd-acc-gb-ie00bd1f4k20-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iusz-ishares-msci-usa-mid-cap-equal-weight-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.