The iShares Core MSCI World UCITS ETF USD (Acc) (SWDA) 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 Index, a benchmark composed of large- and mid-cap companies across developed markets.

SWDA provides broad equity exposure across developed markets, including companies in the United States, Europe, and Asia-Pacific. The ETF follows a passive investment strategy and uses optimized physical replication to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The MSCI World Index includes large- and mid-cap companies across 23 developed markets and covers approximately 85% of the free float-adjusted market capitalization in each country. 

Composition / Exposure Profile

SWDA holds companies across a broad range of sectors in developed economies, including:

• Information technology.

• Financials.

• Industrials.

• Health care.

• Consumer discretionary.

• Communication services.

• Consumer staples.

• Energy.

• Materials.

• Utilities.

• Real estate.

Geographically, the fund provides exposure to developed markets such as the United States, Japan, the United Kingdom, Canada, France, Switzerland, Germany, Australia, and other countries.

Because the benchmark uses free float-adjusted market-capitalization weighting, larger companies and markets account for greater portions of the portfolio. The United States represents the largest geographic exposure in the MSCI World, while emerging markets such as China, India, and Brazil are excluded from the benchmark.

Structure and Costs

SWDA trades in U.S. dollars on the London Stock Exchange. Both the fund's base currency and share class currency are the U.S. dollar.

The ETF has a total expense ratio (TER) of 0.20% per year and uses optimized physical replication. It is domiciled in Ireland, operates under the UCITS framework, is part of iShares III plc, and is managed by BlackRock Asset Management Ireland Limited.

SWDA 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 Core MSCI World UCITS ETF USD (Acc) (SWDA) was launched in 2009 by BlackRock to provide broad exposure to developed equity markets.

Since its launch, the fund has maintained a passive strategy linked to the MSCI World Index, providing exposure to large- and mid-cap companies across different developed countries and sectors.

Throughout its history, the fund's performance has reflected cycles across major developed equity markets and changes in the relative weight of countries, sectors, and individual companies within the MSCI World.

Additional Information

iShares Core MSCI World UCITS ETF USD (Acc) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $101.70 billion.

Over the past 12 months, iShares Core MSCI World UCITS ETF USD (Acc) recorded a return of 15.08%, with its price trading between $123.55 and $149.78 during the same period.

The ETF is traded under the ticker SWDA.