# iShares MDAX UCITS ETF (DE) (0MLG)

**Page:** https://fundology.uk/fund/0mlg · ISIN DE0005933923

## 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, 0MLG (iShares MDAX UCITS ETF (DE), ISIN DE0005933923) closed at €249.03 on the London Stock Exchange. Its ongoing charge is 0.51% a year (about £51 on £10,000). Over the five years to 13/11/2026 its total return was −18.7%, or −36.6% after UK CPIH inflation.

## Summary

iShares MDAX UCITS ETF (DE) is an exchange-traded fund (ETF) from iShares, launched in 2001. It tracks the Germany MDAX. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.51% a year — about £51 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.

Latest close: **€249.03** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 0MLG |
| ISIN | DE0005933923 |
| Also listed as | EXS3 (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | Germany MDAX |
| Income | Accumulating |
| Ongoing charge | 0.51% a year (£51 per £10,000) |
| Fund size | £1.1bn |
| Launched | 2001 |
| Domicile | Germany |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/05/2016 |

## 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 | -1.95% | -5.42% | income reinvested |
| 3 years | +10.31% | -0.34% | income reinvested |
| 5 years | -18.74% | -36.57% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares MDAX UCITS ETF (DE) in pounds (price, with income reinvested in the fund): 2022 −24.9%, 2023 +5.1%, 2024 −10.1%, 2025 +25.2%; 2026 to 13/11/2026 −5.2%. Returns of iShares MDAX UCITS ETF (DE) in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.8%; to 30/09/2025: +19.6%; to 30/09/2024: −1.4%; to 30/09/2023: +14.5%; to 30/09/2022: −33.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -24.9% | -31.3% | Price |
| 2023 | +5.1% | +0.9% | Price |
| 2024 | -10.1% | -13.2% | Price |
| 2025 | +25.2% | +20.9% | Price |
| 2026 to 13/11/2026 | -5.2% | -8.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.61% | -13.96% |
| 3 years | 17.49% | -13.96% |
| 5 years | 19.43% | -37.06% |

## Largest fall

Volatility of iShares MDAX UCITS ETF (DE) in pounds, annualised from weekly returns to 13/11/2026: 19.6% over 1 year, 17.5% over 3 years, 19.4% over 5 years. Largest fall in the price of iShares MDAX UCITS ETF (DE) since November 2021, in pounds: −36.0% from 19/11/2021 to 14/10/2022. The lowest 12-month return of iShares MDAX UCITS ETF (DE) in pounds (price, with income reinvested in the fund) since January 2021 was −35.1% (12 months to 23/09/2022); the highest was +30.1% (12 months to 08/08/2025). On 13/11/2026 the price of iShares MDAX UCITS ETF (DE) was 17.4% below its highest weekly close since November 2021 (19/11/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MDAX UCITS ETF (DE) 0.51% a year. Compared on 14/11/2026, 11 of the 242 other European share funds charge more, 1 the same and 230 less (share classes counted once).

## Funds tracking the same index

3 funds track Germany MDAX, this one included and share classes counted once; their ongoing charges range from 0.19% to 0.51% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Deka MDAX UCITS ETF | 0.30% | +0.2% | +15.3% | -17.7% |
| Invesco MDAX UCITS ETF | 0.19% | -1.6% | +11.4% | -18.0% |
| iShares MDAX UCITS ETF (DE) (this fund) | 0.51% | -1.9% | +10.3% | -18.7% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.51%** per year
- Stocks and shares ISA eligible: usually (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.

## What it holds

As of 06/11/2026, 0MLG holds 50 positions, according to its published holdings. The largest is Deutsche Lufthansa at 5.46% of the fund; the ten largest make up 40.5%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Deutsche Lufthansa | [LHA](https://fundology.uk/stock/LHA) | 5.46% |
| 2 | Talanx | [TLX](https://fundology.uk/stock/TLX) | 5.25% |
| 3 | Sartorius | [SRT](https://fundology.uk/stock/SRT) | 4.92% |
| 4 | Knorr-Bremse | [KBX](https://fundology.uk/stock/KBX) | 4.20% |
| 5 | thyssenkrupp | [TKA](https://fundology.uk/stock/TKA) | 3.95% |
| 6 | Evonik Industries | [EVK](https://fundology.uk/stock/EVK) | 3.78% |
| 7 | Nordex | [NDX1](https://fundology.uk/stock/NDX1) | 3.63% |
| 8 | Dr ING Hc F Porsche Prf | — | 3.49% |
| 9 | Hensoldt | [HAG](https://fundology.uk/stock/HAG) | 3.14% |
| 10 | Porsche Automobil Holding Pref | — | 2.69% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Industrials | 30.0% |
| Consumer Discretionary | 17.5% |
| Materials | 16.1% |
| Information Technology | 11.3% |
| Financials | 8.0% |
| Communication Services | 7.3% |
| Real Estate | 5.0% |
| Health Care | 4.9% |
| Other sectors | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.9% |
| Cash and money market | 0.1% |

All 52 holdings: https://fundology.uk/fund/0mlg/holdings

## Questions people ask

**What is the ongoing charge of 0MLG?**

The ongoing charge of 0MLG is 0.51% a year — about £51 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 MDAX UCITS ETF (DE) 0.51% a year. Compared on 14/11/2026, 11 of the 242 other European share funds charge more, 1 the same and 230 less (share classes counted once).

**What does 0MLG track?**

0MLG tracks the Germany MDAX.

**Is 0MLG accumulating or distributing?**

0MLG 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 0MLG?**

The ISIN of 0MLG is DE0005933923. An ISIN identifies one exact share class of a fund; 0MLG is its ticker on the London Stock Exchange. The same share class is also listed as EXS3 (Xetra, euros).

**What does 0MLG hold?**

As of 06/11/2026, 0MLG holds 50 positions, according to its published holdings. The largest is Deutsche Lufthansa at 5.46% of the fund; the ten largest make up 40.5%. Its ten largest holdings are Deutsche Lufthansa (5.46%), Talanx (5.25%), Sartorius (4.92%), Knorr-Bremse (4.20%), thyssenkrupp (3.95%), Evonik Industries (3.78%), Nordex (3.63%), Dr ING Hc F Porsche Prf (3.49%), Hensoldt (3.14%) and Porsche Automobil Holding Pref (2.69%).

**What were 0MLG’s returns in each of the last five years?**

Calendar-year returns of 0MLG in pounds (price, with income reinvested in the fund): 2022 −24.9%, 2023 +5.1%, 2024 −10.1%, 2025 +25.2%; 2026 to 13/11/2026 −5.2%. Past performance is not a guide to future returns.

**How has 0MLG done after inflation?**

Over the five years to 13/11/2026 0MLG’s total return was −18.7%, or −36.6% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/251845/ishares-mdax-ucits-etf-de-fund)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-mdax-ucits-etf-de-eur-acc-gb-de0005933923-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/exs3-ishares-mdax-ucits-etf-de-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.