# iShares Core MSCI World UCITS ETF Hedged GBP (IWDG)

**Page:** https://fundology.uk/fund/iwdg · ISIN IE00BD45YS76

## 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, IWDG (iShares Core MSCI World UCITS ETF Hedged GBP, ISIN IE00BD45YS76) closed at £12.42 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its total return was +66.3%, or +29.8% after UK CPIH inflation.

## Summary

iShares Core MSCI World UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the MSCI World Index — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£12.42** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IWDG |
| ISIN | IE00BD45YS76 |
| Category | Global shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI World Index |
| Income | Distributing |
| Ongoing charge | 0.30% a year (£30 per £10,000) |
| Fund size | £958m |
| Launched | 2017 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/05/2017 |

## 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 | +13.13% | +9.12% | income reinvested |
| 3 years | +74.26% | +57.44% | income reinvested |
| 5 years | +66.33% | +29.83% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Core MSCI World UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2022 −18.8%, 2023 +21.2%, 2024 +19.8%, 2025 +16.7%; 2026 to 13/11/2026 +10.2%. Returns of iShares Core MSCI World UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +14.4%; to 30/09/2025: +16.9%; to 30/09/2024: +27.9%; to 30/09/2023: +15.6%; to 30/09/2022: −15.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -18.8% | -25.7% | Price |
| 2023 | +21.2% | +16.4% | Price |
| 2024 | +19.8% | +15.8% | Price |
| 2025 | +16.7% | +12.7% | Price |
| 2026 to 13/11/2026 | +10.2% | +6.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 10.80% | -7.20% |
| 3 years | 12.17% | -14.15% |
| 5 years | 13.93% | -23.08% |

## Largest fall

Volatility of iShares Core MSCI World UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 10.8% over 1 year, 12.2% over 3 years, 13.9% over 5 years. Largest fall in the price of iShares Core MSCI World UCITS ETF Hedged GBP since November 2021, in pounds: −23.1% from 31/12/2021 to 14/10/2022. The lowest 12-month return of iShares Core MSCI World UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since January 2021 was −20.2% (12 months to 04/11/2022); the highest was +34.7% (12 months to 25/10/2024). On 13/11/2026 the price of iShares Core MSCI World UCITS ETF Hedged GBP was 2.9% below its highest weekly close since November 2021 (14/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Core MSCI World UCITS ETF Hedged GBP 0.30% a year. Compared on 14/11/2026, 70 of the 207 other global share funds charge more, 17 the same and 120 less (share classes counted once).

## Funds tracking the same index

32 funds track MSCI World Index, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.50% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI World UCITS ETF Accum 2 USD | 0.07% | — | — | — |
| Amundi Core MSCI World UCITS ETF Accum USD | 0.13% | +10.8% | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI World Swap UCITS ETF D- | 0.20% | +10.9% | +62.1% | — |
| Amundi MSCI World Swap -UCITS ETF- Capitalisation | 0.38% | +11.5% | +60.7% | +64.3% |
| Amundi MSCI World Swap II UCITS ETF Act -Dist- | 0.30% | +10.7% | +60.9% | +65.9% |
| Amundi MSCI World Swap II UCITS ETF Act -Monthly Hedged to EUR - Dist- | 0.30% | +4.9% | +56.7% | +51.6% |
| Amundi MSCI World Swap II UCITS ETF Act -Monthly Hedged to USD - Dist- | 0.30% | +12.5% | +60.2% | +75.8% |
| BNP Paribas Easy ICAV - BNP Paribas Easy MSCI World UCITS ETF Accum-CAP- USD | 0.10% | +11.5% | — | — |
| HSBC MSCI WORLD UCITS ETF | 0.15% | +11.3% | — | — |
| HSBC MSCI World UCITS ETF USD | 0.15% | +11.3% | +62.3% | +66.6% |
| Invesco Markets PLC - Invesco MSCI World UCITS ETF USD | 0.05% | — | — | — |
| Invesco MSCI World UCITS ETF | 0.05% | +11.4% | +62.4% | +66.6% |
| iShares Core MSCI World UCITS ETF | 0.20% | +11.3% | +62.1% | +66.2% |
| iShares Core MSCI World UCITS ETF Hedged (Dist) | 0.30% | +5.4% | +59.3% | +51.4% |
| iShares Core MSCI World UCITS ETF Hedged GBP (this fund) | 0.30% | +13.1% | +74.3% | +66.3% |
| iShares III PLC - iShares Core MSCI World UCITS ETF USD | 0.20% | +11.3% | — | — |
| Ishares Msci World Swap Ucits Etf | 0.12% | +11.5% | — | — |
| iShares MSCI World UCITS ETF USD (Dist) | 0.50% | +10.9% | +60.6% | +63.7% |
| iShares VI PLC - iShares MSCI World Swap UCITS ETF AccumHedged GBP | 0.13% | +12.8% | — | — |
| State Street SPDR MSCI World UCITS ETF - USD | 0.12% | — | — | — |
| State Street SPDR MSCI World UCITS ETF Accum Shs USD | 0.12% | +10.9% | +62.2% | +66.8% |
| UBS (Irl) ETF PLC - UBS Core MSCI World UCITS ETF A- Hedged GBP | 0.09% | +13.3% | — | — |
| UBS (Irl) ETF PLC - UBS Core MSCI World UCITS ETF Accum A Hedged GBP | 0.09% | — | — | — |
| UBS (Lux) Fund Solutions SICAV - UBS MSCI World UCITS ETF -USD dis- Distribution | 0.30% | +10.7% | +60.6% | +63.7% |
| UBS Core MSCI World UCITS ETF Accum Shs -A- USD | 0.06% | +11.4% | +62.7% | +66.2% |
| UBS Core MSCI World UCITS ETF Class -A- USD | 0.06% | +11.4% | +62.7% | +66.2% |
| Xtrackers MSCI World Swap UCITS ETF | 0.19% | +11.4% | +62.8% | — |
| Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C | 0.45% | +11.7% | +61.7% | +65.5% |
| Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 4C | 0.39% | +5.4% | +59.7% | +52.0% |
| Xtrackers MSCI World UCITS ETF | 0.12% | +11.3% | +62.2% | +66.2% |
| Xtrackers MSCI World UCITS ETF Dist | 0.12% | +11.3% | +62.4% | +66.5% |
| Xtrackers MSCI World UCITS ETF GBP Hedged Dist | 0.14% | +13.3% | +75.2% | +67.0% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.30%** 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, IWDG holds 1,248 positions, according to its published holdings. The largest is Apple at 5.74% of the fund; the ten largest make up 26.6%.

### 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) | 5.74% |
| 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 4.89% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 4.27% |
| 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 2.86% |
| 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 1.91% |
| 6 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 1.53% |
| 7 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 1.51% |
| 8 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 1.51% |
| 9 | Eli Lilly | [LLY](https://fundology.uk/stock/LLY) | 1.24% |
| 10 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 1.17% |

## 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 | 28.2% |
| Financials | 16.6% |
| Industrials | 10.7% |
| Health Care | 10.4% |
| Consumer Discretionary | 9.1% |
| Communication Services | 7.5% |
| Consumer Staples | 5.5% |
| Energy | 4.2% |
| Other sectors | 7.9% |

### By country

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

| Country | Weight |
|---|---|
| United States | 72.2% |
| Japan | 5.4% |
| United Kingdom | 3.5% |
| Canada | 3.5% |
| Switzerland | 2.4% |
| France | 2.3% |
| Germany | 2.1% |
| Australia | 1.6% |
| Other countries | 6.9% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.5% |
| Cash and money market | 0.5% |

The 1,213 holdings on record (of 1,248 reported): https://fundology.uk/fund/iwdg/holdings

## Questions people ask

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

The ongoing charge of IWDG is 0.30% a year — about £30 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 Core MSCI World UCITS ETF Hedged GBP 0.30% a year. Compared on 14/11/2026, 70 of the 207 other global share funds charge more, 17 the same and 120 less (share classes counted once).

**What does IWDG track?**

IWDG tracks the MSCI World Index — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US.

**Is IWDG accumulating or distributing?**

IWDG 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 IWDG?**

The ISIN of IWDG is IE00BD45YS76. An ISIN identifies one exact share class of a fund; IWDG is its ticker on the London Stock Exchange.

**What does IWDG hold?**

As of 06/11/2026, IWDG holds 1,248 positions, according to its published holdings. The largest is Apple at 5.74% of the fund; the ten largest make up 26.6%. Its ten largest holdings are Apple (5.74%), NVIDIA (4.89%), Microsoft (4.27%), Amazon (2.86%), Alphabet · Class A (1.91%), Meta Platforms · Class A (1.53%), Alphabet · Class C (1.51%), Broadcom (1.51%), Eli Lilly (1.24%) and Tesla (1.17%).

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

Calendar-year returns of IWDG in pounds (price only, income paid out not included): 2022 −18.8%, 2023 +21.2%, 2024 +19.8%, 2025 +16.7%; 2026 to 13/11/2026 +10.2%. Past performance is not a guide to future returns.

**How has IWDG done after inflation?**

Over the five years to 13/11/2026 IWDG’s total return was +66.3%, or +29.8% 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/287737/ishares-core-msci-world-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-core-msci-world-ucits-etf-gb-ie00bd45ys76-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iwdg-ishares-core-msci-world-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.