iShares MSCI World ex Australia Value ETF (IVLU) Review & Analysis

MER · Top 25%AUM · #356 of 5081Y Return · Top 10%

What's new this monthData to 30 September 2026

+2.8% in September (total return), ahead of the median international shares ETF at +0.0%.
The unit price closed the month at $41.78, 6% below its 12-month high (range $30.11 to $44.44).

About IVLU

IVLU is an international shares ETF from iShares, listed on the TMX Australia exchange since February 2024. With $43m under management it is number 177 of 254 international shares ETFs by size. The management fee is 0.25% a year, about $25 on every $10,000 invested, cheaper than the typical international shares ETF at 0.55%.

Its largest holdings are Micron Technology Inc, Cisco Systems Inc and Verizon Communications Inc, and the top 10 make up 29% of the fund. By sector it leans towards information technology (34%) and financials (15%). United States is the biggest country exposure at 49%.

Over the past year it returned +43.1%, against +10.4% for the median international shares ETF. Broad, low-cost funds like this are often used as a core holding in a core and satellite portfolio.

Compare IVLU Check overlap iShares website ↗

Compare IVLU with

IVLUvsIVHG

iShares MSCI World ex Australia Value (AUD Hedged) ETF

Fee	0.25%	0.28%
1 year	+43.1%	+54.2%
5 yrs p.a.	–	–
Size	$43m	$8.0m

Same holdingsNo holdings data

Full comparison →

IVLUvsIHWL

iShares Core MSCI World ex Australia ESG Leaders ETF

Fee	0.25%	0.13%
1 year	+43.1%	+17.1%
5 yrs p.a.	–	+11.0%
Size	$43m	$1.1bn

Same holdings12%Very different

Full comparison →

IVLUvsIQLT

iShares MSCI World ex Australia Quality ETF

Fee	0.25%	0.25%
1 year	+43.1%	+10.2%
5 yrs p.a.	–	–
Size	$43m	$42m

Same holdings5%Very different

Full comparison →

IVLUvsIMTM

iShares MSCI World ex Australia Momentum ETF

Fee	0.25%	0.25%
1 year	+43.1%	+17.0%
5 yrs p.a.	–	–
Size	$43m	$39m

Same holdings27%Some overlap

Full comparison →

Stock Code	IVLU
Fund Manager	iShares
Asset Class	International shares
AUM	$43m
MER (%)	0.25%
Net flows (Sep)	$0.0m
Last Price	$41.78
52-Week Range	$30.11 – $44.44
Bid/Ask Spread	0.20%
Listing Date	16/02/2024
Exchange	TMX Australia
Index tracked	MSCI World ex Australia Enhanced Value Index
Issuer website	iShares ↗

Performance (% return)

1 month+2.8%

1 year+43.1%

3 years p.a.–

5 years p.a.–

$10,000 invested…

1 year ago$14,315

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.

IVLU at a glance: strengths and things to watch

👍 Strengths

Low cost. At 0.25% a year it is cheaper than 89% of international shares ETFs.

⚠️ Things to watch

Small fund. With $43m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
Short track record. Listed in February 2024, so it hasn't been tested through a full market cycle.

Worked out from IVLU'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 15 Oct 2026

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

IVLU's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.

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

IVLU 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

Global

Portfolio Breakdown

Top 10 holdings (29.1% of the fund)

Symbol	Company	% assets
MU		13.97%
CSCO		3.16%
VZ		2.09%
7203		1.77%
HPE		1.50%
T		1.48%
SHEL		1.33%
CMCSA		1.33%
PFE		1.29%
GM		1.17%

Sector breakdown

Information Technology33.6%
Financials14.5%
Industrials10.1%
Health Care9.6%
Consumer Discretionary9.3%
Communication Services8.2%
Consumer Staples4.5%
Energy4.4%
Other5.9%

Country breakdown

United States49.5%
Japan20.5%
United Kingdom8.4%
France6.2%
Germany4.4%
ES1.8%
IT1.6%
Netherlands1.5%
Other6.1%

Holdings from the issuer's published portfolio as at 30 October 2026. Breakdowns are based on the largest 297 positions, covering 96% of the fund. Compare IVLU'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.
VLUE	VanEck MSCI International Value ETF	73%	0.40%	$643m	+46.8%	+25.5%	+16.5%
HVLU	VanEck MSCI International Value (AUD Hedged) ETF Currency hedged	73%	0.43%	$164m	+57.8%	–	–
IVE	iShares MSCI EAFE ETF	32%	0.32%	$624m	+10.1%	+14.8%	+8.8%
VVLU	Vanguard Global Value Equity Active ETF. Active	30%	0.28%	$1.4bn	+16.9%	+15.9%	+12.0%
EXUS	Betashares Global Shares Ex Us ETF	30%	0.14%	$158m	–	–	–
IMTM	iShares MSCI World ex Australia Momentum ETF	27%	0.25%	$39m	+17.0%	–	–

Same holdings is the share of IVLU's money in companies the other ETF also holds, weighted by size. Most similar first, then ETFs in the same category. See every ETF like IVLU →

IVLU vs its closest alternatives

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

VLUE VanEck MSCI International Value ETF

They share 73% of their holdings: a lot of doubling up.
IVLU is cheaper (0.25% vs 0.40%), worth about $10,241 on $100,000 over 20 years.
Over 1 year: IVLU +43.1%, VLUE +46.8% (VLUE ahead by 3.7 percentage points).
VLUE is much larger ($643m vs $43m), which usually means tighter trading spreads.

Compare IVLU and VLUE side by side →

HVLU VanEck MSCI International Value (AUD Hedged) ETF

They share 73% of their holdings: a lot of doubling up.
IVLU is cheaper (0.25% vs 0.43%), worth about $12,256 on $100,000 over 20 years.
Over 1 year: IVLU +43.1%, HVLU +57.8% (HVLU ahead by 14.6 percentage points).
HVLU is about 4 times larger ($164m vs $43m), which usually means tighter trading spreads.
Different structure: IVLU is a standard fund, HVLU is currency hedged.

Compare IVLU and HVLU side by side →

IVE iShares MSCI EAFE ETF

They share 32% of their holdings: some overlap.
IVLU is cheaper (0.25% vs 0.32%), worth about $4,813 on $100,000 over 20 years.
Over 1 year: IVLU +43.1%, IVE +10.1% (IVLU ahead by 33.0 percentage points).
IVE is much larger ($624m vs $43m), which usually means tighter trading spreads.

Compare IVLU and IVE side by side →

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

IVLU FAQs

What is the fee for IVLU?

IVLU charges a management fee (MER) of 0.25% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is IVLU?

IVLU had $43m in funds under management as at 30 September 2026.

How has IVLU performed?

IVLU returned +43.1% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.

Who manages IVLU?

IVLU is managed by iShares and has been listed since February 2024.

Is IVLU franked?

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

What does IVLU hold?

IVLU's largest holdings are Micron Technology Inc (14.0%), Cisco Systems Inc (3.2%), Verizon Communications Inc (2.1%), Toyota Motor Corp (1.8%), Hewlett Packard Enterprise Co (1.5%). The biggest sector is information technology at 32%. Holdings as at 30 October 2026.

Is IVLU currency hedged?

No, IVLU 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.