The result at a glance: among these four selected accumulating global UCITS ETFs, the State Street SPDR MSCI ACWI fund has the lowest published annual charge at 0.12%. Vanguard FTSE All-World follows at 0.14%, Invesco FTSE All-World at 0.15%, and State Street SPDR MSCI ACWI IMI at 0.17%.
This is a dated charge ranking, not a complete market list or an overall fund recommendation. The indexes are not identical: MSCI ACWI and FTSE All-World cover large and mid caps under different rules, while MSCI ACWI IMI also includes small caps. The five-unit annual charge gap from first to fourth on a constant 10,000 balance can be outweighed by tracking, spread, commission, currency conversion or a deliberate coverage choice.
Selection and snapshot rules
- UCITS-compliant equity ETF with developed and emerging markets in one fund.
- Unhedged accumulating share class.
- Official issuer page or document available in English.
- One share class per selected strategy; exchange tickers are not treated as separate funds.
- Ranked only by the current published TER or ongoing charge checked 20 October 2026.
The ranking
| Rank | Fund | ISIN | Index | Annual charge | Approximate charge on 10,000 |
|---|---|---|---|---|---|
| 1 | State Street SPDR MSCI All Country World UCITS ETF (Acc) | IE00B44Z5B48 | MSCI ACWI | 0.12% | 12 |
| 2 | Vanguard FTSE All-World UCITS ETF (USD) Accumulating | IE00BK5BQT80 | FTSE All-World | 0.14% | 14 |
| 3 | Invesco FTSE All-World UCITS ETF Acc | IE000716YHJ7 | FTSE All-World | 0.15% | 15 |
| 4 | State Street SPDR MSCI All Country World Investable Market UCITS ETF (Acc) | IE00B3YLTY66 | MSCI ACWI IMI | 0.17% | 17 |
The last column multiplies 10,000 by the stated annual percentage. It is a scale illustration, not a separate bill: fund charges are reflected in the fund’s value. The holding value changes through the year, so an investor’s actual monetary drag will not equal this fixed-balance example.
What the ranking does not capture
Index coverage: the MSCI ACWI IMI fund includes small caps; the other three selected indexes focus on large and mid caps. The extra segment can change holdings, returns and implementation cost.
Tracking: realised tracking difference can be better or worse than the headline charge because of tax, trading, sampling, cash, securities lending and other implementation effects.
Investor costs: broker commission, bid-ask spread, platform fee, custody, currency conversion and tax sit outside this table. A five-unit annual charge gap on 10,000 can be outweighed by one avoidable trade or foreign-exchange fee.
Operational fit: domicile, fund size, replication, securities lending, exchange access, trading currency and reporting status can matter. Trading currency does not remove the underlying portfolio’s currency exposure.
How large are the charge gaps?
| Annual charge | Extra per year on 10,000 | Extra per year on 100,000 |
|---|---|---|
| 0.14% | 2 | 20 |
| 0.15% | 3 | 30 |
| 0.17% | 5 | 50 |
These gaps recur while the fee schedule remains unchanged, but they do not establish which fund will deliver the highest net return. The indexes differ, and future tracking is unknown.
A better decision order
- Choose large/mid or all-cap global exposure deliberately.
- Confirm the exact share class and ISIN available through the broker.
- Compare current charge and matched-period tracking difference.
- Estimate spread, commission, platform and currency-conversion costs for the intended trade size.
- Check official documents again before buying; fees and product terms can change.
Use the investment fee calculator to test a fee gap over a chosen balance and period. For funds that track one identical index, compare this methodology with the published S&P 500 UCITS ETF fee ranking.
Frequently asked questions
Is the 0.12% fund automatically the best choice?
No. It is the lowest published charge in this selected table. Index coverage, tracking, spread, platform access, tax and operational fit can change the decision.
Why are MSCI World ETFs excluded?
This ranking requires developed and emerging markets in one fund. MSCI World covers developed markets only, so it serves a different allocation decision.
How often should this ranking be checked?
Before every publication or purchase decision. Issuers can cut fees, launch share classes, merge funds or change product terms. The figures here were rechecked against official issuer pages on 20 October 2026.
Official sources
- State Street SPDR MSCI All Country World UCITS ETF: 0.12% TER, IE00B44Z5B48, MSCI ACWI, accumulating.
- Vanguard FTSE All-World UCITS ETF: 0.14% OCF, IE00BK5BQT80, accumulating.
- Invesco FTSE All-World UCITS ETF factsheet: 0.15% ongoing charge, IE000716YHJ7, accumulating.
- State Street SPDR MSCI ACWI IMI UCITS ETF: 0.17% TER, IE00B3YLTY66, accumulating.
Issuer names, labels and fees are a dated snapshot. The ranking excludes hedged, distributing, ESG-screened, leveraged, active and single-market funds. It does not assess suitability, tax, liquidity or expected performance.