# iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD (IWFS)

**Page:** https://fundology.uk/fund/iwfs · ISIN IE00BP3QZD73

## 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, IWFS (iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD, ISIN IE00BP3QZD73) closed at £45.59 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 +33.7%, or +4.3% after UK CPIH inflation.

## Summary

iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2014. It tracks the MSCI World Mid Cap — 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£45.59** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IWFS |
| ISIN | IE00BP3QZD73 |
| Also listed as | IWSZ (London Stock Exchange, US dollars), IS3T (Xetra, euros) |
| Category | Global shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI World Mid Cap |
| Income | Accumulating |
| Ongoing charge | 0.30% a year (£30 per £10,000) |
| Fund size | £343m |
| Launched | 2014 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 06/10/2014 |

## 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 | +11.56% | +7.61% | income reinvested |
| 3 years | +49.46% | +35.04% | income reinvested |
| 5 years | +33.67% | +4.33% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD in pounds (price, with income reinvested in the fund): 2022 −8.2%, 2023 +9.7%, 2024 +8.4%, 2025 +12.0%; 2026 to 13/11/2026 +11.4%. Returns of iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +10.0%; to 30/09/2025: +12.9%; to 30/09/2024: +13.1%; to 30/09/2023: +5.4%; to 30/09/2022: −7.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.2% | -16.0% | Price |
| 2023 | +9.7% | +5.4% | Price |
| 2024 | +8.4% | +4.8% | Price |
| 2025 | +12.0% | +8.2% | Price |
| 2026 to 13/11/2026 | +11.4% | +7.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 11.20% | -8.31% |
| 3 years | 11.08% | -12.00% |
| 5 years | 12.59% | -16.57% |

## Largest fall

Volatility of iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 11.2% over 1 year, 11.1% over 3 years, 12.6% over 5 years. Largest fall in the price of iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD since November 2021, in pounds: −15.4% from 19/11/2021 to 17/06/2022. The lowest 12-month return of iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD in pounds (price, with income reinvested in the fund) since January 2021 was −11.0% (12 months to 04/11/2022); the highest was +27.0% (12 months to 10/04/2026). On 13/11/2026 the price of iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD was 0.7% below its highest weekly close since November 2021 (14/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD 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).

## 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, IWFS holds 721 positions, according to its published holdings. The largest is SharkNinja at 0.30% of the fund; the ten largest make up 2.5%.

### 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) | 0.30% |
| 2 | Genmab | [GMAB](https://fundology.uk/stock/GMAB) | 0.27% |
| 3 | Okta · Class A | [OKTA](https://fundology.uk/stock/OKTA) | 0.27% |
| 4 | Vivmark Residential | [VMRK](https://fundology.uk/stock/VMRK) | 0.27% |
| 5 | Veeva Systems · Class A | [VEEV](https://fundology.uk/stock/VEEV) | 0.25% |
| 6 | Atlassian · Class A | [TEAM](https://fundology.uk/stock/TEAM) | 0.24% |
| 7 | Best Buy | [BBY](https://fundology.uk/stock/BBY) | 0.23% |
| 8 | Poste Italiane | [PST](https://fundology.uk/stock/PST) | 0.23% |
| 9 | Bandai Namco | [7832](https://fundology.uk/stock/7832) | 0.22% |
| 10 | Mettler Toledo | — | 0.22% |

## 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 | 20.5% |
| Financials | 16.4% |
| Health Care | 10.1% |
| Consumer Discretionary | 10.0% |
| Information Technology | 8.4% |
| Materials | 7.8% |
| Consumer Staples | 7.3% |
| Utilities | 6.8% |
| Other sectors | 12.8% |

### By country

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

| Country | Weight |
|---|---|
| United States | 40.5% |
| Japan | 14.2% |
| Canada | 5.5% |
| United Kingdom | 4.9% |
| Australia | 3.9% |
| France | 3.7% |
| Sweden | 3.1% |
| Germany | 2.9% |
| Other countries | 21.3% |

### 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 721 holdings: https://fundology.uk/fund/iwfs/holdings

## Questions people ask

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

The ongoing charge of IWFS 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 MSCI World Mid-Cap Equal Weight UCITS ETF USD 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 IWFS track?**

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

**Is IWFS accumulating or distributing?**

IWFS 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 IWFS?**

The ISIN of IWFS is IE00BP3QZD73. An ISIN identifies one exact share class of a fund; IWFS is its ticker on the London Stock Exchange. The same share class is also listed as IWSZ (London Stock Exchange, US dollars) and IS3T (Xetra, euros).

**What does IWFS hold?**

As of 06/11/2026, IWFS holds 721 positions, according to its published holdings. The largest is SharkNinja at 0.30% of the fund; the ten largest make up 2.5%. Its ten largest holdings are SharkNinja (0.30%), Genmab (0.27%), Okta · Class A (0.27%), Vivmark Residential (0.27%), Veeva Systems · Class A (0.25%), Atlassian · Class A (0.24%), Best Buy (0.23%), Poste Italiane (0.23%), Bandai Namco (0.22%) and Mettler Toledo (0.22%).

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

Calendar-year returns of IWFS in pounds (price, with income reinvested in the fund): 2022 −8.2%, 2023 +9.7%, 2024 +8.4%, 2025 +12.0%; 2026 to 13/11/2026 +11.4%. Past performance is not a guide to future returns.

**How has IWFS done after inflation?**

Over the five years to 13/11/2026 IWFS’s total return was +33.7%, or +4.3% 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/270057/ishares-msci-world-size-factor-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-world-mid-cap-equal-weight-ucits-etf-usd-acc-gb-ie00bp3qzd73-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iwsz-ishares-msci-world-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.