iShares Core MSCI World UCITS ETF USD (Acc)

ISIN IE00B4L5Y983 · WKN A0RPWH · EUNL EU

The iShares Core MSCI World UCITS ETF USD (Acc) is an exchange-traded index fund (ETF) from iShares that tracks the MSCI World index physically. With a total expense ratio (TER) of 0.20 % per year it is low-cost for its category. Income is automatically reinvested (accumulating); it trades as a Europe-domiciled UCITS fund. The fund spreads across 1250 individual holdings – the largest currently NVIDIA Corporation at 5.45 %. The full composition plus the sector and country breakdown are shown below.

Key facts

Data note 1

Tax (Germany)

Equity ETF: 30 % partial exemption (Teilfreistellung). Accumulating → Vorabpauschale advance tax applies. Details.

The 100 largest holdings

of 1,250 in total · as of 2026-09-16

Top holdings

#	Stock	Ticker	Weight
1	NVIDIA Corporation	NVDA	5.45 %
2	Apple Inc.	AAPL	5.41 %
3	Microsoft Corporation	MSFT	3.84 %
4	Amazon.com Inc.	AMZN	2.64 %
5	Alphabet Inc. Class A	GOOGL	2.23 %
6	Alphabet Inc. Class C	GOOG	1.76 %
7	Broadcom Inc.	AVGO	1.70 %
8	Meta Platforms Inc Class A	META	1.64 %
9	Micron Technology Inc.	MU	1.16 %
10	Tesla Inc.	TSLA	1.14 %
11	JPMorgan Chase & Co.	JPM	1.03 %
12	Eli Lilly and Company	LLY	1.01 %
13	Advanced Micro Devices Inc.	AMD	0.92 %
14	Berkshire Hathaway Inc. Class B	BRK B	0.81 %
15	Exxonmobil Holdings Corporation	XOM	0.75 %
16	Johnson & Johnson	JNJ	0.71 %
17	ASML Holding NV	ASML	0.69 %
18	Visa Inc. Class A	V	0.68 %
19	Walmart Inc.	WMT	0.52 %
20	Mastercard Incorporated Class A	MA	0.51 %
21	AbbVie Inc.	ABBV	0.51 %
22	Intel Corp.	INTC	0.49 %
23	Cisco Systems Inc.	CSCO	0.47 %
24	Costco Wholesale Corporation	COST	0.44 %
25	Chevron Corporation	CVX	0.43 %
26	Palantir Technologies Inc. Class A	PLTR	0.42 %
27	Bank of America Corp	BAC	0.42 %
28	Caterpillar Inc.	CAT	0.40 %
29	Merck & Co. Inc.	MRK	0.40 %
30	HSBC Holdings plc	HSBA	0.38 %
31	Procter & Gamble Company	PG	0.38 %
32	UnitedHealth Group Incorporated	UNH	0.38 %
33	Coca-Cola Company	KO	0.38 %
34	Lam Research Corporation	LRCX	0.37 %
35	Applied Materials Inc.	AMAT	0.36 %
36	GE Aerospace	GE	0.36 %
37	Netflix Inc.	NFLX	0.36 %
38	Roche PS Par AG	ROP	0.34 %
39	Palo Alto Networks Inc.	PANW	0.34 %
40	Home Depot Inc.	HD	0.33 %
41	Philip Morris International Inc.	PM	0.33 %
42	Royal Bank of Canada	RY	0.31 %
43	Goldman Sachs Group Inc.	GS	0.31 %
44	Shell plc	SHEL	0.30 %
45	Wells Fargo & Company	WFC	0.30 %
46	RTX Corporation	RTX	0.29 %
47	Novartis AG	NOVN	0.28 %
48	Mitsubishi UFJ Financial Group Inc.	8306	0.28 %
49	GE Vernova Inc.	GEV	0.28 %
50	Oracle Corporation	ORCL	0.27 %
51	Astrazeneca plc	AZN	0.27 %
52	Nestle S.A.	NESN	0.27 %
53	Thermo Fisher Scientific Inc.	TMO	0.27 %
54	Morgan Stanley	MS	0.26 %
55	Texas Instruments Incorporated	TXN	0.26 %
56	CrowdStrike Holdings Inc. Class A	CRWD	0.26 %
57	Citigroup Inc.	C	0.25 %
58	Sandisk Corporation	SNDK	0.25 %
59	SAP SE	SAP	0.25 %
60	International Business Machines Corporation	IBM	0.25 %
61	Siemens N AG	SIE	0.24 %
62	BHP Group Ltd.	BHP	0.24 %
63	KLA Corporation	KLAC	0.24 %
64	Linde plc	LIN	0.24 %
65	Arista Networks Inc	ANET	0.23 %
66	Banco Santander S.A.	SAN	0.23 %
67	Verizon Communications Inc.	VZ	0.23 %
68	Amgen Inc.	AMGN	0.22 %
69	Toronto-Dominion Bank	TD	0.22 %
70	Salesforce Inc.	CRM	0.22 %
71	QUALCOMM Incorporated	QCOM	0.22 %
72	Allianz SE	ALV	0.22 %
73	Marvell Technology Inc.	MRVL	0.22 %
74	Amphenol Corporation Class A	APH	0.21 %
75	Walt Disney Company	DIS	0.21 %
76	Gilead Sciences Inc.	GILD	0.20 %
77	PepsiCo Inc.	PEP	0.20 %
78	TotalEnergies SE	TTE	0.20 %
79	AT&T Inc	T	0.20 %
80	Commonwealth Bank of Australia	CBA	0.20 %
81	Toyota Motor Corp.	7203	0.20 %
82	Abbott Laboratories	ABT	0.20 %
83	Schneider Electric SE	SU	0.20 %
84	Analog Devices Inc.	ADI	0.20 %
85	McDonald's Corporation	MCD	0.20 %
86	Charles Schwab Corp	SCHW	0.19 %
87	Seagate Technology Holdings plc	STX	0.19 %
88	Dell Technologies Inc. Class C	DELL	0.19 %
89	NextEra Energy Inc.	NEE	0.19 %
90	American Express Company	AXP	0.18 %
91	Welltower Inc.	WELL	0.18 %
92	Union Pacific Corporation	UNP	0.18 %
93	Deere & Company	DE	0.18 %
94	UBS Group AG	UBSG	0.18 %
95	ConocoPhillips	COP	0.18 %
96	Sumitomo Mitsui Financial Group Inc.	8316	0.18 %
97	Rolls-Royce Holdings plc	RR.	0.18 %
98	Banco Bilbao Vizcaya Argentaria S.A.	BBVA	0.17 %
99	Pfizer Inc.	PFE	0.17 %
100	Shopify Subordinate Voting Class A	SHOP	0.17 %

Data note 2

Changes in holdings

This compares the holdings list of Jul 31, 2026 with that of Sep 16, 2026: 11 names were added and 36 dropped out. Weights also shift without any buying or selling, because the prices of the holdings move differently.

Data note 3

Concentration since 2019

In EUNL, the ten largest holdings made up 12.9 % of the weights on Sep 30, 2019 and 27.0 % on Sep 16, 2026. The effective number of holdings restates the weights as a count of equally sized positions. It fell from 269 to 88 over this period, against 1,205 actual positions at the latest date.

Data note 4

NAV history

Net asset value per share in USD, set once per trading day. It is not an exchange price. Distributions are not added back, so for distributing funds the value drops by the amount paid out on the distribution date.

Data note 5

Performance

Calculated from the fund's NAV history.

Data note 6

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Data note 7

Based on the underlying index MSCI-WORLD's own correlations — we don't have individual price series for UCITS ETFs.

Cost example

Worked example with €10,000 and 5 % growth per year before costs, which is an assumption and not a forecast: after 20 years EUNL at a 0.20 % TER would come to about €25,490, and SPPW at 0.12 % to about €25,900. The gap is €130 after 10 years and €410 after 20. The TER does not cover every cost of a fund. How far an ETF actually trails its index shows up in the tracking difference, and the 5 funds also differ in distribution policy and replication method.

Data note 8

Alternative ETFs on the same index

• SPDR MSCI World UCITS ETF · TER 0.12 % · 22.1 bn
• State Street® SPDR® MSCI World UCITS ETF (Dist) · TER 0.12 % · 22.1 bn
• Xtrackers MSCI World UCITS ETF 1C · TER 0.19 % · 13.0 bn
• iShares MSCI World ETF (US) · TER 0.24 % · 4.5 bn

Compared with other funds

How much this fund overlaps with others — the figure is the share of capital financing the same companies in both.

• EUNL vs XDWD99.2 %
• EUNL vs XDWL99.2 %
• EUNL vs SPPW97.9 %
• EUNL vs IUSQ89.4 %
• EUNL vs SXR871.7 %
• EUNL vs CIND24 %

Data note 9