# MSCI World ex-USA UCITS ETF USD (XUES) **Page:** https://fundology.uk/fund/xues · ISIN IE000ZDDJWZ5 ## 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, XUES (MSCI World ex-USA UCITS ETF USD, ISIN IE000ZDDJWZ5) closed at £3.91 on the London Stock Exchange. Its ongoing charge is 0.16% a year (about £16 on £10,000). ## Summary iShares III PLC - MSCI World ex-USA UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2026. It tracks the MSCI World ex USA — 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 0.16% a year — about £16 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: **£3.91** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XUES | | ISIN | IE000ZDDJWZ5 | | Category | Global shares | | Type | ETF | | Provider | iShares | | Tracks | MSCI World ex USA | | Income | Distributing | | Ongoing charge | 0.16% a year (£16 per £10,000) | | Fund size | £7.2m | | Launched | 2026 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 06/05/2026 | ## Charges compared with similar funds Ongoing charge of iShares III PLC - MSCI World ex-USA UCITS ETF USD 0.16% a year. Compared on 14/11/2026, 159 of the 207 other global share funds charge more, 3 the same and 45 less (share classes counted once). ## Funds tracking the same index 5 funds track MSCI World ex USA, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.16% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi MSCI World ex USA UCITS ETF | 0.15% | +11.7% | — | — | | iShares III PLC - MSCI World ex-USA UCITS ETF USD (this fund) | 0.16% | — | — | — | | iShares MSCI World ex-USA UCITS ETF AccumUSD | 0.16% | +12.3% | — | — | | Xtrackers (IE) plc - Xtrackers MSCI World ex USA UCITS ETF -1D- USD | 0.15% | +10.1% | — | — | | Xtrackers MSCI World ex USA UCITS ETF 1C USD | 0.15% | +12.6% | — | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.16%** 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, XUES holds 732 positions, according to its published holdings. The largest is ASML at 2.31% of the fund; the ten largest make up 12.7%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 2.31% | | 2 | Roche Ps Par | — | 1.39% | | 3 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 1.25% | | 4 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 1.24% | | 5 | Shell | [SHEL](https://fundology.uk/stock/SHEL) | 1.20% | | 6 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 1.17% | | 7 | Royal Bank of Canada | [RY](https://fundology.uk/stock/RY) | 1.16% | | 8 | Nestle | [NESN](https://fundology.uk/stock/NESN) | 1.12% | | 9 | SAP | [SAP](https://fundology.uk/stock/SAP) | 0.99% | | 10 | Mitsubishi UFJ Financial Group | [8306](https://fundology.uk/stock/8306) | 0.91% | ## 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 | |---|---| | Financials | 27.6% | | Industrials | 16.9% | | Health Care | 10.0% | | Information Technology | 9.1% | | Consumer Discretionary | 7.9% | | Materials | 7.1% | | Consumer Staples | 6.8% | | Energy | 5.7% | | Other sectors | 9.0% | ### By country As published for the fund, as of 06/11/2026. | Country | Weight | |---|---| | Japan | 19.7% | | United Kingdom | 13.0% | | Canada | 12.7% | | Switzerland | 8.7% | | France | 8.5% | | Germany | 7.8% | | Australia | 5.8% | | Netherlands | 4.7% | | Other countries | 19.1% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Equity | 99.6% | | Cash and money market | 0.4% | All 737 holdings: https://fundology.uk/fund/xues/holdings ## Questions people ask **What is the ongoing charge of XUES?** The ongoing charge of XUES is 0.16% a year — about £16 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 III PLC - MSCI World ex-USA UCITS ETF USD 0.16% a year. Compared on 14/11/2026, 159 of the 207 other global share funds charge more, 3 the same and 45 less (share classes counted once). **What does XUES track?** XUES tracks the MSCI World ex USA — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US. **Is XUES accumulating or distributing?** XUES 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 XUES?** The ISIN of XUES is IE000ZDDJWZ5. An ISIN identifies one exact share class of a fund; XUES is its ticker on the London Stock Exchange. **What does XUES hold?** As of 06/11/2026, XUES holds 732 positions, according to its published holdings. The largest is ASML at 2.31% of the fund; the ten largest make up 12.7%. Its ten largest holdings are ASML (2.31%), Roche Ps Par (1.39%), HSBC (1.25%), Novartis (1.24%), Shell (1.20%), AstraZeneca (1.17%), Royal Bank of Canada (1.16%), Nestle (1.12%), SAP (0.99%) and Mitsubishi UFJ Financial Group (0.91%). ## Fund documents - [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/350657/ishares-msci-world-ex-usa-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-world-ex-usa-ucits-etf-usd-dist-gb-ie000zddjwz5-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/xues-ishares-msci-world-ex-usa-ucits-etf-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.