IE0009Y1MQJ2Ticker: FCRN (Xetra) · FACT (Euronext AMS) · FACT (SIX)Issuer: iSharesGlobal Equity actively managed; the declared benchmark, MSCI World Index (Net), is a yardstick, accumulating. Share class in US dollars (USD).
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iShares World Equity Factor Rotation Active UCITS ETF is an actively managed ETF: it does not track an index — the declared index (MSCI World Index (Net)) is a comparison yardstick only. The declared annual cost (TER) is 0.30%, plus 0.05% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 181 million euro, was launched on 16 January 2025 and is domiciled in Ireland. In our registry 6 other ETFs declare the same index.
The Fund is actively managed and aims to achieve long-term capital growth by primarily investing in a portfolio of equity securities with diversified and tactical exposure to style factors via a factor rotation model. The Fund seeks to gain at least 80% of its investment exposure to equity securities (e.g.
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shares) of companies domiciled in, listed in, or the main business of which is in, global developed markets selected based on a proprietary factor rotation model developed by the Investment Manager and its affiliates. The Fund will also invest in accordance with its ESG Policy as outlined in the Fund’s prospectus. The investment manager (IM) may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund, and/or to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). The Fund is actively managed, and the IM has discretion to select the Fund’s investments. In doing so may take into consideration the MSCI World Index (Index) when constructing the Fund’s portfolio, and also for risk management purposes to ensure that the active risk (i.e. degree of deviation from the index) taken by the Fund remains appropriate given the Fund’s investment objective and policy. The IM is not bound by the components or weighting of the Index when selecting investments. The IM may also use its discretion to invest in securities not included in the Index in order to take advantage of specific investment opportunities. The Fund’s portfolio holdings are expected to deviate materially from the Index. The Index should be used by investors to compare the performance of the Fund. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The price of equity securities fluctuates daily and may be influenced by factors affecting the performance of the individual companies issuing the equities, as well as by daily stock market movements, and broader economic and political developments which in turn may affect the value of your investment.
The return on your investment in the Fund is directly related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”).
The depositary of the Fund is State Street Custodial Services (Ireland) Limited. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares III plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.
Your shares will be accumulating shares (i.e. income will be included in their value). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.
Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).
Insurance benefits:The Fund does not offer any insurance benefits.
Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 18 Feb 2025 | 08 Apr 2025 | -17.80% | 04 Jun 2025 | 106 |
| 27 Jan 2026 | 30 Mar 2026 | -9.44% | 14 Apr 2026 | 77 |
| 29 Oct 2025 | 20 Nov 2025 | -5.85% | 23 Dec 2025 | 55 |
| 02 Jun 2026 | 10 Jun 2026 | -4.21% | 15 Jun 2026 | 13 |
| 15 Jun 2026 | 29 Jul 2026 | -3.25% | 03 Aug 2026 | 49 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.0 | 0.3 | -6.3 | 9.6 | 4.4 | 0.2 | -0.2 | 2.9 | -0.6 | -0.3 | 10.6 | ||
| 2025 | -0.7 | -5.2 | 2.0 | 6.4 | 4.3 | 0.7 | 2.3 | 3.7 | 2.3 | -1.0 | 0.9 | 20.4(since launch) |
| Last year | Full history | |
|---|---|---|
| Volatility (ann.) | 11.92% | 14.96% |
| Max drawdown | -7.40% | -21.65% |
| Sharpe | 1.18 | 0.68 |
| Sortino | 1.74 | 0.94 |
| Fund | TER | Income | Fund size |
|---|---|---|---|
IWDS · iShares · 4 classes | 0.12% | Acc. | 2.2 mld EUR |
SWDA · iShares · 4 classes | 0.20% | Acc. · Dist. | 131.3 mld EUR |
WOEE · iShares · 3 classesactive | 0.30% | Acc. | 2 mld EUR |
WINA · iShares · 5 classesactive | 0.35% | Acc. · Dist. | 21 mln EUR |
IWRD · iShares | 0.50% | Dist. | 8.4 mld EUR |
THRW · iSharesactive | 0.60% | Acc. | 37 mln EUR |
According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:
IE0009Y1MQJ2FCRN(class: Class USD (Accumulating))Official lists verified on 15 October 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.
| Exchange | Ticker | Exchange source | Registered since |
|---|---|---|---|
| Börse Düsseldorf | FCRNfrom mapping | ESMA register (FIRDS) | 23 Jan 2025 |
| Börse Frankfurt | FCRNfrom mapping | ESMA register (FIRDS) | 21 Jan 2025 |
| Börse Hamburg | FCRNfrom mapping | ESMA register (FIRDS) | 27 Jan 2025 |
| Börse Hannover | FCRNfrom mapping | ESMA register (FIRDS) | 2 Sept 2025 |
| Börse München / gettex | FCRNfrom mapping | ESMA register (FIRDS) | 21 Jan 2025 |
| Börse Stuttgart | FCRNfrom mapping | ESMA register (FIRDS) | 30 Jan 2025 |
| Euronext Amsterdam | FACTfrom tax document | ESMA register (FIRDS) | 17 Nov 2025 |
| SIX Swiss Exchange | FACTfrom tax document | issuer’s tax document (exchange outside the FIRDS perimeter) | — |
| Tradegate Exchange | FCRNfrom mapping | ESMA register (FIRDS) | 22 Jan 2025 |
| Xetra (Deutsche Börse) | FCRNfrom tax document | ESMA register (FIRDS) | 21 Jan 2025 |