# iShares ETF II (CH) - iShares Gold (CHF) Hedged (0MKK) **Page:** https://fundology.uk/fund/0mkk · ISIN CH0104136285 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, 0MKK (iShares ETF II (CH) - iShares Gold (CHF) Hedged, ISIN CH0104136285) closed at CHF 238.55 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the five years to 13/11/2026 its total return was +91.8%, or +49.7% after UK CPIH inflation. ## Summary iShares ETF II (CH) - iShares Gold (CHF) Hedged is an exchange-traded fund (ETF) from iShares, launched in 2009. It tracks the London Gold Price PM (AM) (Hedged into CHF) Index — the price of gold. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.22% a year — about £22 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged to Swiss francs, not to the pound: it aims to remove most of the effect of exchange-rate moves against Swiss francs, so a holder who counts in pounds still has currency risk. Latest close: **CHF 238.55** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0MKK | | ISIN | CH0104136285 | | Category | Gold & commodities | | Type | ETF | | Provider | iShares | | Tracks | London Gold Price PM (AM) (Hedged into CHF) Index | | Income | Accumulating | | Ongoing charge | 0.22% a year (£22 per £10,000) | | Fund size | £537m | | Launched | 2009 | | Domicile | Switzerland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/06/2010 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -12.58% | -15.68% | income reinvested | | 3 years | +78.87% | +61.60% | income reinvested | | 5 years | +91.81% | +49.72% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares ETF II (CH) - iShares Gold (CHF) Hedged in pounds (price, with income reinvested in the fund): 2023 +9.1%, 2024 +19.7%, 2025 +66.1%; 2026 to 13/11/2026 −18.1%. Returns of iShares ETF II (CH) - iShares Gold (CHF) Hedged in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −0.7%; to 30/09/2025: +45.9%; to 30/09/2024: +32.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +9.1% | +4.7% | Price | | 2024 | +19.7% | +15.7% | Price | | 2025 | +66.1% | +60.4% | Price | | 2026 to 13/11/2026 | -18.1% | -20.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 23.75% | -32.95% | | 3 years | 20.28% | -32.95% | ## Largest fall Volatility of iShares ETF II (CH) - iShares Gold (CHF) Hedged in pounds, annualised from weekly returns to 13/11/2026: 23.7% over 1 year, 20.3% over 3 years. Largest fall in the price of iShares ETF II (CH) - iShares Gold (CHF) Hedged since November 2021, in pounds: −32.9% from 27/02/2026 to 13/11/2026. The lowest 12-month return of iShares ETF II (CH) - iShares Gold (CHF) Hedged in pounds (price, with income reinvested in the fund) since October 2022 was −15.2% (12 months to 13/11/2026); the highest was +92.0% (12 months to 27/02/2026). On 13/11/2026 the price of iShares ETF II (CH) - iShares Gold (CHF) Hedged was 32.9% below its highest weekly close since November 2021 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares ETF II (CH) - iShares Gold (CHF) Hedged 0.22% a year. Compared on 14/11/2026, 122 of the 149 other gold and commodity funds charge more, 1 the same and 26 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.22%** per year - Stocks and shares ISA eligible: not usually (overseas fund that is not a UK-recognised UCITS). HMRC’s stocks and shares ISA rules cover UK funds and overseas funds recognised by the FCA (UCITS and qualifying retail schemes). Units in other overseas funds, such as Swiss-domiciled ETFs, do not normally qualify, even when they are listed on a recognised stock exchange. Check with your platform. - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of 0MKK?** The ongoing charge of 0MKK is 0.22% a year — about £22 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares ETF II (CH) - iShares Gold (CHF) Hedged 0.22% a year. Compared on 14/11/2026, 122 of the 149 other gold and commodity funds charge more, 1 the same and 26 less (share classes counted once). **What does 0MKK track?** 0MKK tracks the London Gold Price PM (AM) (Hedged into CHF) Index — the price of gold. **Is 0MKK accumulating or distributing?** 0MKK is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of 0MKK?** The ISIN of 0MKK is CH0104136285. An ISIN identifies one exact share class of a fund; 0MKK is its ticker on the London Stock Exchange. **What were 0MKK’s returns in each of the last five years?** Calendar-year returns of 0MKK in pounds (price, with income reinvested in the fund): 2023 +9.1%, 2024 +19.7%, 2025 +66.1%; 2026 to 13/11/2026 −18.1%. Past performance is not a guide to future returns. **How has 0MKK done after inflation?** Over the five years to 13/11/2026 0MKK’s total return was +91.8%, or +49.7% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.