How to Read an ETF Factsheet

A world ETF priced in dollars, or the same one in euros: which has more currency risk?

Neither. Read a real factsheet: a €131 billion MSCI World ETF.

Index: 1,249 shares in 23 countries. TER: 0.20%. Accumulating. Physical, sampled. Fund currency: USD.

The fund currency only tells you how the price is shown.

The risk is inside: 73% of the money is in US shares, and the fund is not hedged.

Which line do you read first?

Education, not investment advice.

Read the sheet as text

How to Read an ETF Factsheet.
Five lines, read on a real one: a €131 billion MSCI World ETF (justETF, 2 Nov 2026).

Index: MSCI World: 1,249 shares, 23 countries.
TER: 0.20% a year: €20 on €10,000.
Use of Income: accumulating: dividends stay in the fund.
Replication: physical, sampled: it buys most shares, not all.
Fund Currency: USD. Only how the price is shown. The catch.

The catch: in $ or in €, 73% US. Whatever the fund currency, 73% of the money is in US shares (MSCI, Sep 2026).
Not hedged: if the dollar falls against the euro, that 73% falls with it.

Sources (2)

iShares Core MSCI World UCITS ETF, IE00B4L5Y983justETF, read 2 Nov 2026: index MSCI World, TER 0.20%, accumulating, physical (optimised sampling), fund currency USD, domicile Ireland, fund size EUR 131,264 m, 1,249 holdings, not currency hedged. Named here only. Checked 2026-11-02.
ETF currency risk: How to handle itjustETF, 17 June 2021: the fund currency is the reporting currency; the currencies of the holdings decide the exposure. Checked 2026-11-02.