Highlights

  • ACWX targets large and Mid cap developed and emerging market equities outside the United States.
  • The published expense ratio is 0.32%.
  • The fund's distribution frequency is semi-annual.

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) seeks exposure to large and mid cap developed and emerging market equities outside the United States. With net asset value of USD 73.38 per share as of 2 November 2026, the fund reported net Assets of USD 17,714,561,737 as of 2 November 2026. Its Investment approach centres on tracking the MSCI ACWI ex-US index (Net).

International Coverage With a Clear Geographic Boundary

Excluding the United States defines the portfolio's role within a global Equity universe. It combines developed and emerging economies outside that boundary, bringing different currencies, industries and regulatory settings into one allocation. Its sector mix can differ substantially from a US portfolio. The presence of many countries does not make the allocation evenly distributed, because the benchmark determines the resulting exposures.

Portfolio Composition and Exposure

ACWX reported 1,866 holdings as of 2 November 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 2 November 2026 included Financials at 24.98% and Information Technology at 19.82%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Fees and Distribution Policy

ACWX lists an expense ratio of 0.32%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on Nasdaq at market prices, which may differ from net asset value.

The stated distribution frequency is semi-annual. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Currency movements, overseas policy changes and company Earnings can affect the fund. Emerging market exposures can add access and governance risks, while country and sector weights can remain concentrated. ACWX covers international equities across developed and emerging markets, with the US exclusion and actual regional weights determining how it complements domestic equity exposure.