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iShares MSCI AC Far East ex-Japan UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE00B0M63730Ticker: IQQF (Xetra) · IDFF (London SE) · IFFF (Euronext AMS) · IFFF (SIX)Issuer: iShares
Issuer-declared data
Declared index
MSCI All Country World Far East Ex Japan USD Index (USD)
TER
0.74%
Transaction costs
0.02% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
1.7 bn EUR
NAV
97.13 USD (1 September 2026)
Domicile
Ireland
Inception date
28 October 2005
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

iShares MSCI AC Far East ex-Japan UCITS ETF tracks the issuer-declared index: MSCI All Country World Far East Ex Japan USD Index (USD). The declared annual cost (TER) is 0.74%, plus 0.02% in transaction costs estimated by the issuer in the KID. Replication is physical replication (the KID declares buying all or a substantial number of the index constituents); income is distributed to investors. The fund has assets of about 1.7 billion euro, was launched on 28 October 2005 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI AC Far East ex-Japan Index, the Fund’s benchmark index (Index). The Share Class, via the Fund, is passively managed and aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the Fund's Index. The Index measures the performance of large and mid capitalisation companies across developed and emerging markets countries in the Far East, excluding Japan. Companies are included in the Index based on a free float market capitalisation weighted basis, and MSCI’s size and liquidity criteria. Free float means that only shares readily available in the market rather than all of a company’s issued shares are used in calculating the Index. Free float market capitalisation is the share price of a company multiplied by the number of shares readily available in the market. Securities that are liquid means that they can be easily bought or sold in the market in normal market conditions. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. 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 investment manager may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective. FDIs may be used for direct investment purposes. In order to gain exposure to certain securities that make up the Index, the Fund may invest in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). ADRs and GDRs are investments issued by financial institutions which give exposure to underlying equity securities. 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 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?”).

Keep reading the KID section ▾

The depositary of the Fund is The Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares 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 distributing shares (i.e. income will be paid on the shares quarterly). 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.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.74%: above the median of equity ETFs we track (0.22%).
  • Assets larger than 82% of equity ETFs we track.
  • Average tracking difference over the last 3 years: -0.75% p.a., against a declared TER of 0.74%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Oct 2005 to Aug 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+458.0%
Annualised
+8.6%
Volatility (ann.)
20.7%
Max drawdown
-64.96%
-22%+110%+243%+375%+507%Oct 2005Dec 2010Feb 2016May 2021Aug 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+458%Oct 2005Aug 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-20%-40%-60%-80%20052008201120142017202020232026−64.96% · 27 Oct 2008
Max drawdown
-64.96%
peak → trough
Trough
27 Oct 2008
from the 29 Oct 2007 peak
Recovery time
2,080 days
recovery only: trough to break-even · ≈ 5 years and 8 months
Underwater
2,444 days
decline + recovery: peak to break-even · ≈ 6 years and 8 months · → recovered on 08 Jul 2014

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
29 Oct 200727 Oct 2008-64.96%08 Jul 20142,444
17 Feb 202124 Oct 2022-49.49%27 Oct 20251,713
27 Apr 201521 Jan 2016-32.40%05 Jun 2017770
26 Jan 201819 Mar 2020-32.25%26 Aug 2020943
08 May 200612 Jun 2006-18.20%14 Nov 2006190

Calendar-year returns

2016
5.5%
2017
41.2%
2018
-15.7%
2019
18.7%
2020
25.1%
2021
-8.9%
2022
-21.9%
2023
2.3%
2024
11.7%
2025
39.9%
2026
32.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
202610.96.6-13.617.413.0-1.7-4.03.832.9
20251.93.4-2.2-0.46.46.84.52.08.24.4-3.73.439.9
2024-7.46.32.51.31.73.5-1.32.210.3-3.6-4.11.011.7
202310.3-7.33.8-3.2-2.82.36.7-7.4-3.6-4.17.02.42.3
2022-3.4-2.1-3.9-5.81.5-4.1-3.0-0.8-14.0-7.922.00.9-21.9
20214.80.8-3.12.80.3-0.0-8.61.0-4.91.7-4.00.9-8.9
2020-4.9-2.4-10.78.2-1.08.48.23.5-1.82.97.96.425.1
20198.42.20.92.0-9.57.4-1.4-4.61.54.50.27.218.7
20188.0-4.9-1.50.5-1.1-5.20.2-1.3-0.5-11.34.7-3.1-15.7
20176.43.12.92.14.61.85.01.50.24.40.72.441.2
2016-7.8-0.211.0-1.1-1.82.84.73.51.9-1.7-2.5-2.35.5
20151.91.80.88.5-3.2-4.0-7.4-9.8-2.08.7-3.3-0.8-10.1
2014-5.33.30.30.83.52.13.90.5-6.41.70.1-1.82.3
20131.10.4-2.31.4-1.3-5.62.1-0.75.13.80.4-1.32.6
20129.86.0-3.10.5-9.62.73.0-0.86.3-0.02.63.621.3
20110.6-4.35.74.3-1.0-2.71.5-9.5-13.712.2-7.41.3-14.8
2010-6.20.46.82.0-8.31.36.4-1.210.82.5-0.55.319.1
2009-5.8-6.514.016.713.8-0.413.5-3.68.5-0.31.84.567.6
2008-13.86.6-5.27.7-2.4-10.8-1.7-7.3-16.1-23.4-5.410.1-50.2
2007-1.70.72.03.75.65.77.3-1.111.710.0-9.2-1.336.5
20067.2-0.40.97.0-6.5-0.80.02.82.92.57.84.330.3
20057.05.814.9
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.75% /anno
Declared TER
0.74%
YearFundIndexDifference
2025+39.91%+40.69%-0.78%
2024+11.67%+12.42%-0.76%
2023+2.30%+3.00%-0.71%
2022-21.94%-21.57%-0.37%
2021-8.92%-8.42%-0.50%
2020+25.08%+26.04%-0.96%
2019+18.66%+19.45%-0.79%
2018-15.68%-15.14%-0.54%
2017+41.19%+42.16%-0.97%
2016+5.50%+6.21%-0.71%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)26.80%21.27%20.34%18.63%20.01%
Max drawdown-16.03%-21.70%-32.52%-40.54%-60.27%
Sharpe1.550.960.350.410.36
Sortino2.271.360.500.570.51
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
414
440 total lines: 26 cash & derivatives
Top-10 weight
51.5%

Top 10 holdings

TAIWAN SEMICONDUCTOR MANUFACTURING · 2330
19.23%
SAMSUNG ELECTRONICS LTD · 005930
9.14%
SK HYNIX · 000660
6.95%
ISH MSCI CHINA A ETF USD ACC · CNYA
4.60%
TENCENT HOLDINGS · 700
3.65%
ALIBABA GROUP HOLDING · 9988
2.51%
MEDIATEK · 2454
1.84%
DBS GROUP HOLDINGS LTD · D05
1.29%
DELTA ELECTRONICS · 2308
1.16%
SAMSUNG ELECTRONICS NON VOTING PRE · 005935
1.12%

Sectors

Information Technology
50.9%
Financials
19.7%
Consumer Discretionary
7.7%
Industrials
6.3%
Communication
6.0%
Health Care
2.1%
Materials
2.0%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChina: 21.6%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesia: 0.6%IndiaIreland: 4.6%IranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 26.6%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysia: 1.2%NamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippines: 0.3%Papua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailand: 1.2%TajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwan: 35%United Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 0.1%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Taiwan35%
South Korea26.6%
China21.6%
Ireland4.6%
Hong Kong4.3%
Singapore4.3%
Malaysia1.2%
⬇ Download the full portfolio — Excel, 440 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.32 USD
ex 18 Jun 2026 · paid 30 Jun 2026
Dividends, last 12 months
1.02 USD
Dividend yield
1.03%
12-month sum over the NAV as of 7 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year1.02 USD1.54 %
20251.07 USD2.02 %
20240.98 USD2.02 %
20230.90 USD1.87 %
20221.00 USD1.59 %
20210.87 USD1.24 %

Dividend contribution to total return

-30%-20%-10%0%10%20%30%40%50%60%+50.78 %1 year+39.65 %2025+11.54 %2024+2.28 %2023−21.91 %2022−8.85 %2021
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.100.32
20250.100.370.470.13
20240.070.270.510.13
20230.070.220.520.09
20220.080.210.590.12
20210.120.200.440.11
20200.070.170.490.06
20190.060.270.530.09
20180.070.260.580.09
20170.090.150.600.04
20160.080.170.490.08
20150.080.110.560.19
20140.030.090.580.18
20130.060.080.480.15
20120.070.060.500.18
20110.050.170.490.16
20100.040.140.330.16
20090.070.110.260.09
20080.090.170.370.18
20070.100.210.270.12
20060.070.150.240.07

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.32 USD18 Jun 202619 Jun 202630 Jun 2026
0.10 USD19 Mar 202620 Mar 202631 Mar 2026
0.13 USD11 Dec 202512 Dec 202524 Dec 2025
0.47 USD11 Sept 202512 Sept 202524 Sept 2025
0.37 USD12 Jun 202513 Jun 202525 Jun 2025
0.10 USD13 Mar 202514 Mar 202526 Mar 2025
0.13 USD12 Dec 202413 Dec 202427 Dec 2024
0.51 USD12 Sept 202413 Sept 202425 Sept 2024
Per-share dividends as declared by the issuer, in USD, since the first payment (22 Feb 2006). Past dividends are not indicative of future ones.

Share classes of the same fund

This page covers ISIN IE00B0M63730. The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classISINTickerIncomeCurrency
USD (Dist) · this pageIE00B0M63730IFFFDistributingUSD
USD (Acc)IE00BKPX3K41IFFIAccumulatingUSD
Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

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:

IE00B0M63730IQQF(class: USD (Dist))
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 1,500 €, agreement until 31 December 2026
  • Moneyfarmzero within the savings plan (buys), agreement until 31 March 2027
  • Moneyfarmzero on single buys from 1,000 €, agreement until 31 March 2027
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 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.

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfIQQF23 May 2016
Börse FrankfurtIQQF23 May 2016
Börse HamburgIQQF24 May 2016
Börse HannoverIQQF14 Dec 2022
Börse München / gettexIQQF19 Jan 2010
Börse StuttgartIQQF23 May 2016
Euronext AmsterdamIFFF21 Nov 2005
Tradegate ExchangeIQQF23 May 2016
Xetra (Deutsche Börse)IQQF23 May 2016
+ 15 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares MSCI AC Far East ex-Japan UCITS ETF track?
The issuer iShares declares the benchmark: MSCI All Country World Far East Ex Japan USD Index (USD).
How much does IFFF cost?
The issuer-declared TER is 0.74% per year; the transaction costs estimated in the KID are 0.02%.
How is IFFF taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of IFFF?
The fund size declared by iShares is about 1.7 billion euro.
When was IFFF launched?
The fund was launched on 28 October 2005: it has 20 years of history.
How does IFFF replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does IFFF pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does IFFF trade?
Per the official ESMA register it trades on 9 main exchanges, including Börse Düsseldorf (IQQF), Börse Frankfurt (IQQF), Börse Hamburg (IQQF), Börse Hannover (IQQF), Börse München / gettex (IQQF), Börse Stuttgart (IQQF).
What was IFFF's worst fall?
Over the available history (since 2005), the maximum drawdown was -65.60%, reached in October 2008. Past performance is not indicative of future results.
What is IFFF's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.75% per year versus its index (from issuer-declared series).
How many securities does IFFF hold?
The declared portfolio holds 414 securities (plus 26 cash & derivative lines); the top 10 positions weigh 51.5%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.