IE00BLLZQS08Ticker: MODR (Borsa Italiana) · MODR (Xetra) · MODR (SIX)Issuer: iSharesGlobal Multi-asset actively managed, accumulating. Share class in euro (EUR).
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iShares Moderate Portfolio UCITS ETF is an actively managed ETF: it does not track an index. It is a multi-asset (balanced) ETF: a single instrument combining several asset classes — typically stocks and bonds — in the proportions set by its strategy. The declared annual cost (TER) is 0.25%, plus 0.04% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 48 million euro, was launched on 8 September 2020 and is domiciled in Ireland. In our registry there are 16 other multi-asset ETFs.
The Fund is actively managed without reference to a benchmark meaning the investment manager (IM) has absolute discretion to select the Fund’s investments and is not constrained by any target, comparator or performance benchmark.
Keep reading the KID section ▾
The Fund aims to achieve a return on your investment, through a combination of capital growth and income on the Fund's investments, whilst maintaining a moderate risk profile (i.e. an evaluation of the risks associated with the portfolio) of 5-10% in a manner consistent with the Fund’s environmental, social and governance criteria (ESG Criteria). The risk profile of the Fund’s portfolio, for this purpose, is measured as the volatility (i.e. the degree of fluctuation) of the Fund’s returns converted into an annual rate, over a five-year period. The Fund will obtain indirect exposure to a variety of asset classes globally and will predominantly invest in other funds and investment products. At least 80% of the Fund’s assets will, at the time of purchase, be invested in funds tracking indices that meet certain ESG Criteria as disclosed in the prospectus. The Fund will use quantitative (i.e. mathematical or statistical) models in order to inform its approach to stock selection. The composition of the Fund’s investments is determined based on: consistency between the risk profile of the Fund’s portfolio and the investment objective; ESG Criteria; the IM’s investment models; and the IM’s discretionary insights. The Fund will seek to stay within the stated risk profile by varying its asset allocations (i.e. mix of asset classes) in different market conditions. The IM may use financial derivative instruments (i.e. investments the prices of which are based on one or more underlying assets) to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. 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 underlying funds changes regularly depending on the performance of the assets held by the underlying funds which in turn may affect the value of your investment. The Fund invests in fixed income securities and equity securities and so the value of your investment may be affected by the factors which impact the value of those asset classes. Volatility management will have a direct impact on the Fund's returns. The Fund’s risk profile may fall outside the stated range from time to time. Volatility is the measure of fluctuations of the returns of a given investment. Generally, the higher the volatility, the riskier the 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?”).
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 Euro, 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 |
|---|---|---|---|---|
| 04 Jan 2022 | 14 Oct 2022 | -17.92% | 14 Oct 2024 | 1,014 |
| 18 Feb 2025 | 08 Apr 2025 | -9.46% | 28 Jul 2025 | 160 |
| 25 Feb 2026 | 27 Mar 2026 | -5.38% | 17 Apr 2026 | 51 |
| 13 Oct 2020 | 30 Oct 2020 | -3.67% | 09 Nov 2020 | 27 |
| 15 Feb 2021 | 04 Mar 2021 | -3.20% | 06 Apr 2021 | 50 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.1 | 1.5 | -4.3 | 4.9 | 3.6 | 0.4 | -1.1 | 1.1 | -1.3 | 0.8 | 6.5 | ||
| 2025 | 1.7 | -0.1 | -3.6 | -0.7 | 2.7 | 1.3 | 1.4 | 0.5 | 1.6 | 1.9 | 0.0 | 0.0 | 6.8 |
| 2024 | 0.5 | 1.5 | 1.7 | -2.4 | 1.7 | 1.9 | 1.3 | 0.5 | 1.2 | -0.6 | 3.3 | -1.1 | 9.8 |
| 2023 | 3.6 | -1.7 | 1.3 | -0.0 | -0.2 | 1.6 | 1.1 | -1.1 | -2.3 | -1.9 | 4.9 | 3.5 | 8.8 |
| 2022 | -3.7 | -2.5 | 0.4 | -4.1 | -0.8 | -4.8 | 6.3 | -2.8 | -6.3 | 2.3 | 3.7 | -3.6 | -15.5 |
| 2021 | -0.4 | -0.3 | 2.2 | 1.6 | 0.7 | 1.8 | 1.2 | 1.6 | -2.4 | 3.3 | -0.4 | 2.0 | 11.5 |
| 2020 | -1.8 | 6.0 | 1.4 | 6.2(since launch) |
| Last year | Last 3 years | Last 5 years | Full history | |
|---|---|---|---|---|
| Volatility (ann.) | 6.34% | 6.39% | 7.19% | 6.96% |
| Max drawdown | -5.38% | -9.46% | -17.92% | -17.92% |
| Sharpe | 0.86 | 1.03 | 0.15 | 0.46 |
| Sortino | 1.27 | 1.47 | 0.21 | 0.64 |
Sector and country breakdowns not available: the available position data do not allow a sufficiently complete aggregation (the per-position weights published by the issuer sum to 85.7%). The individual positions remain available.
| Share class | ISIN | Ticker | Income | Currency |
|---|---|---|---|---|
| USD Hedged (Acc) | IE00BLB2GT26 | MODU | Accumulating | USD |
| GBP Hedged (Acc) | IE00BLLZQ797 | MAMG | Accumulating | GBP |
| EUR (Acc) · this page | IE00BLLZQS08 | MODR | Accumulating | EUR |
| Fund | TER | Income | Fund size |
|---|---|---|---|
VNGD80 · Vanguard · 2 classesactive | — | Dist. · Acc. | 1.4 mld EUR |
VNGA60 · Vanguard · 2 classesactive | — | Acc. · Dist. | 1.1 mld EUR |
Xtrackersactive | — | Acc. | 767 mln EUR |
VNGA40 · Vanguard · 2 classesactive | — | Acc. · Dist. | 298 mln EUR |
VNGD20 · Vanguard · 2 classesactive | — | Dist. · Acc. | 117 mln EUR |
MAGR · iShares · 3 classesactive | — | Acc. | 110 mln EUR |
Xtrackersactive | — | Dist. | 58 mln EUR |
MACV · iShares · 3 classesactive | — | Acc. | 16 mln EUR |
JMAM · JPMorganactive | — | Acc. | 7 mln EUR |
JMAG · JPMorganactive | — | Acc. | 6 mln EUR |
Xtrackersactive | — | Acc. | 6 mln EUR |
Xtrackersactive | — | Acc. | 6 mln EUR |
JMAC · JPMorganactive | — | Acc. | 6 mln EUR |
Xtrackersactive | — | Acc. | 3 mln EUR |
Xtrackersactive | — | Acc. | 3 mln EUR |
ZPRI · SPDRnot on Borsa Italiana | — | Dist. | 704 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:
IE00BLLZQS08MODR(class: EUR (Acc))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 |
|---|---|---|---|
| Borsa Italiana (ETFplus) | MODRfrom tax document | ESMA register (FIRDS) | 8 Nov 2023 |
| Börse Düsseldorf | MODRfrom mapping | ESMA register (FIRDS) | 23 Sept 2020 |
| Börse Frankfurt | MODRfrom mapping | ESMA register (FIRDS) | 10 Sept 2020 |
| Börse Hamburg | MODRfrom mapping | ESMA register (FIRDS) | 7 Oct 2020 |
| Börse Hannover | MODRfrom mapping | ESMA register (FIRDS) | 9 Dec 2024 |
| Börse München / gettex | MODRfrom mapping | ESMA register (FIRDS) | 10 Sept 2020 |
| Börse Stuttgart | MODRfrom mapping | ESMA register (FIRDS) | 9 Feb 2021 |
| SIX Swiss Exchange | MODRfrom tax document | issuer’s tax document (exchange outside the FIRDS perimeter) | — |
| Tradegate Exchange | MODRfrom mapping | ESMA register (FIRDS) | 12 Nov 2020 |
| Xetra (Deutsche Börse) | MODRfrom tax document | ESMA register (FIRDS) | 10 Sept 2020 |