iShares U.S. Factor Rotation Active ETF (IACT) Review & Analysis

MER · Top 50%AUM · Top 50%1Y Return · Top 25%

What's new this monthData to 30 September 2026

+2.9% in September (total return), ahead of the median international shares ETF at +0.0%.
Investors added a net $177m (51.6% of the fund). That ranked #11 of 508 ETFs for new money.
The unit price closed the month at $31.14, at or near its 12-month high (range $25.66 to $31.21).
🏆 Won Fastest growing in the September ReviewETF Awards.

About IACT

IACT is an international shares ETF from iShares, listed on the ASX since June 2025. With $520m under management it is number 58 of 254 international shares ETFs by size. The management fee is 0.45% a year, about $45 on every $10,000 invested, cheaper than the typical international shares ETF at 0.55%.

Over the past year it returned +11.3%, against +10.4% for the median international shares ETF.

IACT distributions and dividend dates

The latest distribution was $0.0242 per unit (0% franked), ex-distribution on 29 September 2026 and paid on 9 October 2026. To receive it you need to own IACT before the ex-date.

Its distribution yield over the past 12 months is about 0.5%. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare IACT Check overlap iShares website ↗

Compare IACT with

IACTvsWDMF

iShares World Equity Factor ETF

Fee	0.45%	0.35%
1 year	+11.3%	+12.5%
5 yrs p.a.	–	+11.1%
Size	$520m	$151m

Same holdingsNo holdings data

Full comparison →

IACTvsVGS

Vanguard MSCI Index International Shares ETF

Fee	0.45%	0.18%
1 year	+11.3%	+10.1%
5 yrs p.a.	–	+11.8%
Size	$520m	$18.7bn

Same holdingsNo holdings data

Full comparison →

IACTvsIVV

iShares S&P 500 ETF

Fee	0.45%	0.04%
1 year	+11.3%	+10.1%
5 yrs p.a.	–	+13.4%
Size	$520m	$14.9bn

Same holdingsNo holdings data

Full comparison →

IACTvsNDQ

Betashares Nasdaq 100 ETF

Fee	0.45%	0.48%
1 year	+11.3%	+16.6%
5 yrs p.a.	–	+15.3%
Size	$520m	$9.5bn

Same holdingsNo holdings data

Full comparison →

IACT price by TradingView

Stock Code	IACT
Fund Manager	iShares
Asset Class	International shares
AUM	$520m
MER (%)	0.45%
Net flows (Sep)	+$177m
Last Price	$31.14
52-Week Range	$25.66 – $31.21
Bid/Ask Spread	0.10%
Listing Date	11/06/2025
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	iShares ↗

Performance (% return)

1 month+2.9%

1 year+11.3%

3 years p.a.–

5 years p.a.–

$10,000 invested…

1 year ago$11,130

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

IACT at a glance: strengths and things to watch

👍 Strengths

Money is flowing in. Investors added a net $177m in September (34% of the fund).

⚠️ Things to watch

Short track record. Listed in June 2025, so it hasn't been tested through a full market cycle.

Worked out from IACT's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 23 Oct 2026

IACT is in a base. Here's why that matters.

IACT's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet. Its price is 7.1% below its 12-month high.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

IACT weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Exposure Regions

Themes & Sectors

Active ETFs

Portfolio Breakdown

Sector breakdown

Information Technology37.3%
Financials17.4%
Communication12.7%
Consumer Discretionary8.7%
Industrials7.5%
Health Care5.8%
Consumer Staples2.8%
Utilities2.5%
Other5.1%

Holdings from the issuer's published portfolio. Compare IACT's holdings with other ETFs →

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
WDMF	iShares World Equity Factor ETF	–	0.35%	$151m	+12.5%	+18.3%	+11.1%
VGS	Vanguard MSCI Index International Shares ETF	–	0.18%	$18.7bn	+10.1%	+17.9%	+11.8%
IVV	iShares S&P 500 ETF	–	0.04%	$14.9bn	+10.1%	+19.2%	+13.4%
NDQ	Betashares Nasdaq 100 ETF	–	0.48%	$9.5bn	+16.6%	+23.8%	+15.3%
QUAL	VanEck MSCI International Quality ETF	–	0.40%	$9.2bn	+10.1%	+16.1%	+11.4%
VGAD	Vanguard MSCI Index International Shares (Hedged) ETF Currency hedged	–	0.21%	$7.9bn	+17.1%	+19.8%	+10.8%

Same holdings is the share of IACT's money in companies the other ETF also holds, weighted by size. No other ETF shares much with IACT, so these are ETFs in the same category. See every ETF like IACT →

IACT vs its closest alternatives

What actually differs between IACT and the ETFs most like it. Data to 30 Sep 2026.

WDMF iShares World Equity Factor ETF

WDMF is cheaper (0.35% vs 0.45%), worth about $6,736 on $100,000 over 20 years.
Over 1 year: IACT +11.3%, WDMF +12.5% (WDMF ahead by 1.2 percentage points).
IACT is about 3 times larger ($520m vs $151m), which usually means tighter trading spreads.
Different structure: IACT is actively managed, WDMF is a standard fund.

Full IACT vs WDMF comparison →

VGS Vanguard MSCI Index International Shares ETF

VGS is cheaper (0.18% vs 0.45%), worth about $18,467 on $100,000 over 20 years.
Over 1 year: IACT +11.3%, VGS +10.1% (IACT ahead by 1.2 percentage points).
VGS is much larger ($18.7bn vs $520m), which usually means tighter trading spreads.
Different structure: IACT is actively managed, VGS is a standard fund.

Full IACT vs VGS comparison →

IVV iShares S&P 500 ETF

IVV is cheaper (0.04% vs 0.45%), worth about $28,398 on $100,000 over 20 years.
Over 1 year: IACT +11.3%, IVV +10.1% (IACT ahead by 1.2 percentage points).
IVV is much larger ($14.9bn vs $520m), which usually means tighter trading spreads.
Different structure: IACT is actively managed, IVV is a standard fund.

Full IACT vs IVV comparison →

General information only. Past performance is not a reliable indicator of future performance.

Popular comparisons

IACT vs WDMF VGS vs IACT IVV vs IACT

IACT FAQs

What is the fee for IACT?

IACT charges a management fee (MER) of 0.45% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is IACT?

IACT had $520m in funds under management as at 30 September 2026.

How has IACT performed?

IACT returned +11.3% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages IACT?

IACT is managed by iShares and has been listed since June 2025.

Is IACT franked?

Generally no. IACT invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

Is IACT currency hedged?

No, IACT is unhedged. Its returns move with the Australian dollar: a falling dollar adds to returns and a rising dollar reduces them.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the iShares product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.