Overview
All-world ex-US equity exposure. Tracks MSCI ACWI ex USA IMI Index covering both developed and emerging markets outside the US. Cleaner international complement to a US equity fund than broad ACWI.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NESN | Nestle S.A. | 1.8% |
| 005930 | Samsung Electronics | 1.6% |
| ASML | ASML Holding | 1.5% |
| NOVO B | Novo Nordisk | 1.4% |
| 2330 | TSMC | 1.4% |
| SHEL | Shell PLC | 1.3% |
| 7203 | Toyota Motor | 1.2% |
| MC | LVMH Moet H. | 1.1% |
| TCEHY | Tencent Holdings | 1.0% |
| AZN | AstraZeneca | 1.0% |
Fund Details
Investment Thesis
ACWX is the most precise complement to a US equity fund, providing exactly what ACWI provides minus the US component. This makes it the ideal international allocation for investors who already own a US total market fund like VTI or ITOT and want to add global diversification without double-counting US exposure. The IMI methodology captures small-cap international stocks that VXUS-equivalent funds miss, providing more complete coverage of global equity markets outside the United States.
Who It's For
Investors building a two-fund global portfolio using separate US and international allocations who want the international portion to cover both developed and emerging markets in one vehicle. ACWX suits those who prefer a single international fund over managing separate developed (VEA/SCHF) and emerging (VWO/IEMG) positions. The combined developed and emerging approach provides automatic rebalancing between the two as relative market capitalizations shift.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $36.42 | -- |
| 2017 | $44.82 | +23.1% |
| 2018 | $38.82 | -13.4% |
| 2019 | $45.82 | +18.0% |
| 2020 | $48.42 | +5.7% |
| 2021 | $54.18 | +11.9% |
| 2022 | $40.42 | -25.4% |
| 2023 | $47.82 | +18.3% |
| 2024 | $48.42 | +1.3% |
| 2025 | $63.89 | +31.9% |
| Year | Yield |
|---|---|
| 2016 | 2.42% |
| 2017 | 2.18% |
| 2018 | 2.52% |
| 2019 | 2.28% |
| 2020 | 1.98% |
| 2021 | 1.78% |
| 2022 | 2.38% |
| 2023 | 2.18% |
| 2024 | 2.18% |
| 2025 | 2.42% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $3B | -- |
| 2017 | $4B | +33.3% |
| 2018 | $4B | 0.0% |
| 2019 | $5B | +25.0% |
| 2020 | $6B | +20.0% |
| 2021 | $8B | +33.3% |
| 2022 | $6B | -25.0% |
| 2023 | $7B | +16.7% |
| 2024 | $8B | +14.3% |
| 2025 | $8.9B | +11.2% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related Intl & Global ETFs
Markets. Intelligence. Daily.
Full briefs on 251 ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →