itwax.comITWAX — iShares MSCI Taiwan UCITS ETF
US dollar, accumulating share class · ISIN IE000AJFZ9E4 · tracks the MSCI Taiwan 20/35 Index
Independent page, not affiliated with BlackRock or iShares. Figures are from iShares and dated as iShares publishes them.
Latest published NAV
NAV is calculated by iShares once per trading day; it is not a live trading price. Checked with iShares 3 Nov 2026, 12:53 GMT. Source: iShares product page.
Key facts
- Ticker
- ITWAX
- ISIN
- IE000AJFZ9E4
- Total expense ratio
- 0.74% a year
- Use of income
- Accumulating
- Share class currency
- US dollar
- Benchmark
- MSCI Taiwan 20/35 Index (Net) (USD)
- Replication
- Physical, replicated
- Rebalance
- Quarterly
- Number of holdings
- 76 (2 Nov 2026)
- Net assets of fund
- USD 1,674,740,033
- Net assets of this share class
- USD 121,733,485 (2 Nov 2026)
- Share class launched
- 28 Jun 2021
- Fund launched
- 28 Oct 2005
- Domicile
- Ireland
- Structure
- UCITS ETF, sub-fund of iShares plc
- Fund manager
- BlackRock Asset Management Ireland Limited
- Custodian
- The Bank of New York Mellon SA/NV, Dublin Branch
- ISA / SIPP
- Eligible / Available
- UK reporting status
- Yes
- Fiscal year end
- 28 February
- P/E · P/B
- 34.64 · 5.26 (30 Oct 2026)
- 3-year volatility · beta
- 27.85% · 0.994 (30 Sep 2026)
Source: iShares product page and September 2026 fact sheet. Net assets of fund and holdings count update automatically; other dated figures were checked on 3 Nov 2026.
What it holds
Holdings as of 2 Nov 2026, from the iShares holdings file. 76 company shares in total.
Top 10 holdings
| # | Company | Sector | Weight |
|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | Information Technology | 31.01% |
| 2 | Mediatek | Information Technology | 8.22% |
| 3 | Hon Hai Precision Industry | Information Technology | 4.42% |
| 4 | Delta Electronics | Information Technology | 3.79% |
| 5 | ASE Technology Holding | Information Technology | 3.23% |
| 6 | Nan Ya Plastics Corp. | Materials | 2.05% |
| 7 | Elite Material | Information Technology | 1.94% |
| 8 | Unimicron Technology | Information Technology | 1.93% |
| 9 | Fubon Financial Holding | Financials | 1.92% |
| 10 | Ctbc Financial Holding | Financials | 1.80% |
By sector
Sector totals are added up from the holdings file and may differ slightly from iShares' own rounding. Holdings change over time.
Performance
Annualised total return to 30 Sept 2026
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund (USD Acc) | +90.05% | +49.92% | +23.22% | +21.70% |
| Benchmark | +91.68% | +51.05% | +24.11% | +22.57% |
Calendar-year total return
| Year | Fund | Benchmark |
|---|---|---|
| 2022 | −29.51% | −29.05% |
| 2023 | +28.66% | +29.58% |
| 2024 | +23.92% | +24.80% |
| 2025 | +31.74% | +32.79% |
NAV basis in US dollars with income reinvested, from iShares (fact sheet data to 30 Sep 2026). The share class launched in June 2021, so there is no full 2021 year. Past performance is not a reliable indicator of future results, and returns in pounds will differ because of exchange rates.
Where it trades
| Exchange | Ticker | Currency | Listed | SEDOL | Bloomberg | RIC |
|---|---|---|---|---|---|---|
| Cboe Europe | ITWAX | USD | 30 Jun 2021 | BN6M505 | ITWAX IX | ITWAX.CHI |
| Bolsa Mexicana de Valores | ITWAX | MXN | 30 Sep 2021 | BMCP8S0 | ITWAXN MM | — |
Registered for sale in
Key risks
- Capital at risk. The value of the investment and any income can go down as well as up, and you may get back less than you put in.
- Emerging markets. More sensitive to economic and political conditions than developed markets, with greater liquidity risk and possible restrictions or delays in moving assets.
- Concentration. The fund is concentrated in one country and in a few sectors and companies, so local economic, political or regulatory events can hit it hard.
- Currency. The fund invests in other currencies, so exchange-rate changes affect its value.
- Equity. Share prices move with daily market swings, company results and wider news.
- Counterparty and liquidity. The failure of a service provider, or too few buyers and sellers, could cause losses or make it hard to trade.
Summarised from the iShares key risks. Read the full list in the prospectus and Key Information Document.
Official documents and sources
Questions
What is ITWAX?
ITWAX is the stock-exchange ticker of the US-dollar, accumulating share class of the iShares MSCI Taiwan UCITS ETF (ISIN IE000AJFZ9E4). The fund aims to track the MSCI Taiwan 20/35 Index, which covers large and mid-sized Taiwanese companies. It is run by BlackRock Asset Management Ireland Limited and issued by iShares plc, an Irish UCITS umbrella company.
What does "accumulating" mean?
Income the fund receives, such as dividends, is kept in the fund and reinvested rather than paid out to investors. It shows up in the price of the shares instead.
How concentrated is it?
Very. Taiwan Semiconductor Manufacturing (TSMC) alone is 31.01% of the fund, the top 10 holdings make up 60.31%, and Information Technology is 78.19% (holdings as of 2 Nov 2026). The 20/35 index caps how much any one company can weigh, but the fund still moves closely with a handful of chip and electronics firms.
How can I buy it in the UK?
Like other UCITS ETFs, shares are bought and sold on an exchange through a broker or investment platform, not directly from the fund. iShares lists it on Cboe Europe in US dollars. iShares states it is eligible for ISAs and SIPPs and has UK reporting fund status. Brokers may charge dealing fees, and the trading price can differ from the NAV.
Why is the NAV different from the trading price?
The NAV (net asset value) is worked out by iShares once per trading day from the value of the fund's holdings. The price on the exchange moves through the day with supply and demand, so you may pay more or less than the NAV.
How often does this page update?
When someone opens it, the page checks the iShares product page and holdings file at most once an hour. iShares publishes the NAV once per trading day, so the NAV and its date usually change once a day. Every figure shows the date iShares gives it. If iShares can't be reached, the page says so and shows the last figures it has with their dates.
Is this the official iShares site?
No. itwax.com is an independent page and isn't connected with BlackRock or iShares. For anything you rely on, use the official documents linked below.