# iShares MSCI USA Swap UCITS ETF Hedged GBP (MUSG)

**Source:** https://fundology.uk/fund/musg · ISIN IE000DLDNVK1 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 01/10/2026, MUSG (iShares MSCI USA Swap UCITS ETF Hedged GBP, ISIN IE000DLDNVK1) closed at £6.61 on the London Stock Exchange. Its ongoing charge is 0.05% a year (about £5 on £10,000). Over the year to 01/10/2026 its total return was +12.0%, or +8.5% after UK CPIH inflation.

## Summary

iShares MSCI USA Swap UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2025. It tracks the MSCI USA. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.05% a year — about £5 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: **£6.61** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | MUSG |
| ISIN | IE000DLDNVK1 |
| Category | US shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI USA |
| Income | Distributing |
| Ongoing charge | 0.05% a year (£5 per £10,000) |
| Fund size | £6.0m |
| Launched | 2025 |
| Domicile | Ireland |

## Past returns (periods to 01/10/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +11.98% | +8.46% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of iShares MSCI USA Swap UCITS ETF Hedged GBP 0.05% a year, as of 02/10/2026: 187 of the 208 other US share funds charge more, 13 the same and 8 less (share classes counted once).

## Funds tracking the same index

18 funds track MSCI USA, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.30% a year (01/10/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI USA UCITS ETF USD | 0.03% | +16.8% | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI USA Swap Capitalisation -UCITS ETF A- | 0.05% | — | — | — |
| BNP PARIBAS EASY I MSCI USA UCITS ETF AccumCAP USD | — | — | — | — |
| Deka MSCI USA UCITS ETF | 0.30% | +16.4% | +65.8% | +81.6% |
| Invesco MSCI USA UCITS ETF Acc | 0.05% | +17.3% | +71.4% | +88.2% |
| Invesco MSCI USA UCITS ETF USD | 0.05% | +17.2% | +71.2% | +88.0% |
| iShares MSCI USA Swap UCITS ETF AccumUSD | 0.07% | +16.8% | +24.9% | — |
| iShares MSCI USA Swap UCITS ETF Hedged GBP (this fund) | 0.05% | +12.0% | — | — |
| iShares MSCI USA UCITS ETF | 0.07% | +16.7% | +68.0% | +84.4% |
| UBS (Irl) Fund Solutions PLC - UBS MSCI USA SF UCITS ETF Accum Shs USD | 0.15% | +18.0% | +66.2% | +83.0% |
| UBS Core MSCI USA UCITS ETF Accum -A- USD | 0.06% | +17.2% | — | +86.6% |
| UBS Core MSCI USA UCITS ETF Class -A- USD | 0.06% | +17.6% | +70.5% | +87.3% |
| UBS ETF SICAV - UBS ETF - MSCI USA UCITS ETF A Distribution | 0.14% | +16.9% | +69.4% | +84.4% |
| Xtrackers (IE) plc - Xtrackers MSCI USA Swap II UCITS ETF Accum-1C- USD | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap II UCITS ETF -1D- USD | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap UCITS ETF | 0.07% | +17.6% | +25.5% | — |
| Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C | 0.15% | +16.7% | +68.3% | +85.5% |
| Xtrackers MSCI USA UCITS ETF | 0.07% | +16.7% | +68.0% | +84.7% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.05%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

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

The ongoing charge of MUSG is 0.05% a year — about £5 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 Swap UCITS ETF Hedged GBP 0.05% a year, as of 02/10/2026: 187 of the 208 other US share funds charge more, 13 the same and 8 less (share classes counted once).

**What does MUSG track?**

MUSG tracks the MSCI USA.

**Is MUSG accumulating or distributing?**

MUSG 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 MUSG?**

The ISIN of MUSG is IE000DLDNVK1. An ISIN identifies one exact share class of a fund; MUSG is its ticker on the London Stock Exchange.

**How has MUSG done after inflation?**

Over the year to 01/10/2026 MUSG’s total return was +12.0%, or +8.5% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.