Global value stocks
This fund leans toward developed-world companies that look cheap relative to their earnings, book value, and sales. The bet is that unfairly-priced stocks can outperform as the market catches up. Dividends are reinvested automatically.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Buys cheap stocks the market overlooks
- Diversifies away from growth-heavy trackers
- Large fund, over 6 billion USD
- Value can underperform for long stretches
- Tilts toward older economy sectors
- More cyclical and economy-sensitive
About this fund
Tracks the MSCI World Enhanced Value Index, holding around 400 developed-market stocks that screen as inexpensive on price-to-book, price-to-forward-earnings, and enterprise-value-to-cash-flow, while staying sector-neutral to the parent index. Value tilts tend to behave very differently from growth and quality, so it diversifies a factor portfolio. Physically replicated and accumulating.
Available on Interactive Brokers
Low-cost access to Global value stocks and 10,000+ funds worldwide.
Frequently asked questions
Is IWVL.L accumulating or distributing?
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for IWVL.L?
IWVL.L has a total expense ratio (TER) of 0.30% per year. On a $10,000 holding that is roughly $30 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy IWVL.L on Interactive Brokers?
Yes. IWVL.L trades on LSE, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does IWVL.L invest in?
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) tracks the MSCI World Enhanced Value Index. This fund leans toward developed-world companies that look cheap relative to their earnings, book value, and sales. You buy one fund and get the whole basket in a single trade.
Is IWVL.L a UCITS ETF, and where is it domiciled?
Yes, IWVL.L is a UCITS ETF domiciled in Ireland. For non-US investors, Irish-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is IWVL.L?
On the TickerCompare 1 to 5 scale, IWVL.L is rated higher risk (4/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.