The iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL) is an Ireland-domiciled equity ETF managed by BlackRock and traded on the London Stock Exchange.

The fund seeks to track the performance of the MSCI World Enhanced Value Index, a benchmark composed of large- and mid-cap companies across developed markets selected for characteristics associated with the value factor.

IWVL provides exposure to developed equity markets through a factor-based strategy focused on companies trading at relatively lower valuations compared with their fundamentals. It operates under the UCITS framework and follows an accumulating income policy.

The MSCI World Enhanced Value Index starts with the large- and mid-cap universe of the MSCI World and seeks to identify stocks exhibiting stronger value characteristics relative to their peers within the same sector. 

Composition / Exposure Profile

IWVL holds companies across several sectors of developed economies, including:

• Financials.

• Industrials.

• Information technology.

• Consumer discretionary.

• Health care.

• Energy.

• Materials.

• Communication services.

• Consumer staples.

• Utilities.

• Real estate.

Geographically, the fund provides exposure to companies across developed markets, including the United States, Japan, the United Kingdom, France, Germany, Canada, Switzerland, Australia, and other countries within the MSCI World universe.

Because IWVL follows a factor-based strategy, its portfolio can differ significantly from the traditional MSCI World. The methodology emphasizes companies exhibiting relatively stronger value characteristics within their respective sectors, which can result in different company and sector weights compared with the broader parent index.

Structure and Costs

IWVL has the U.S. dollar as both its fund base currency and share class currency. The ETF has a total expense ratio (TER) of 0.25% per year and uses a physical structure with full replication. It is domiciled in Ireland, operates under the UCITS framework, is part of iShares IV plc, and is managed by BlackRock Asset Management Ireland Limited.

IWVL is an accumulating share class, meaning dividends and other income generated by its holdings are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL) was launched in 2014 by BlackRock to provide systematic exposure to the value factor across developed-market equities.

Since its launch, the fund has maintained a passive strategy linked to the MSCI World Enhanced Value Index, selecting companies that exhibit relatively stronger value characteristics compared with their sector peers.

Throughout its history, the fund's performance has reflected both cycles in developed equity markets and the relative performance of companies associated with the value factor.

Additional Information

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $6.40 billion.

Over the past 12 months, iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) recorded a return of -, with its price trading between $56.70 and $83.72 during the same period.

The ETF is traded under the ticker IWVL.