# iShares Core DAX UCITS ETF (DE) (0MLH)

**Page:** https://fundology.uk/fund/0mlh · ISIN DE0005933931

## 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, 0MLH (iShares Core DAX UCITS ETF (DE), ISIN DE0005933931) closed at €220.10 on the London Stock Exchange. Its ongoing charge is 0.16% a year (about £16 on £10,000). Over the five years to 13/11/2026 its total return was +58.1%, or +23.4% after UK CPIH inflation.

## Summary

iShares Core DAX UCITS ETF (DE) is an exchange-traded fund (ETF) from iShares, launched in 2000. It tracks the DAX Index - EUR - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.16% a year — about £16 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: **€220.10** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 0MLH |
| ISIN | DE0005933931 |
| Also listed as | EXS1 (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | DAX Index - EUR - Benchmark TR Gross |
| Income | Accumulating |
| Ongoing charge | 0.16% a year (£16 per £10,000) |
| Fund size | £7.5bn |
| Launched | 2000 |
| 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 | +3.50% | -0.17% | income reinvested |
| 3 years | +61.78% | +46.16% | income reinvested |
| 5 years | +58.06% | +23.38% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Core DAX UCITS ETF (DE) in pounds (price, with income reinvested in the fund): 2022 −8.1%, 2023 +16.8%, 2024 +13.3%, 2025 +28.3%; 2026 to 13/11/2026 +3.8%. Returns of iShares Core DAX UCITS ETF (DE) in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +0.6%; to 30/09/2025: +31.7%; to 30/09/2024: +20.1%; to 30/09/2023: +25.5%; to 30/09/2022: −19.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.1% | -15.9% | Price |
| 2023 | +16.8% | +12.2% | Price |
| 2024 | +13.3% | +9.5% | Price |
| 2025 | +28.3% | +23.9% | Price |
| 2026 to 13/11/2026 | +3.8% | +0.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 16.47% | -13.05% |
| 3 years | 14.61% | -13.05% |
| 5 years | 15.91% | -23.49% |

## Largest fall

Volatility of iShares Core DAX UCITS ETF (DE) in pounds, annualised from weekly returns to 13/11/2026: 16.5% over 1 year, 14.6% over 3 years, 15.9% over 5 years. Largest fall in the price of iShares Core DAX UCITS ETF (DE) since November 2021, in pounds: −22.3% from 19/11/2021 to 30/09/2022. The lowest 12-month return of iShares Core DAX UCITS ETF (DE) in pounds (price, with income reinvested in the fund) since January 2021 was −19.7% (12 months to 23/09/2022); the highest was +37.3% (12 months to 08/08/2025). On 13/11/2026 the price of iShares Core DAX UCITS ETF (DE) was 1.7% below its highest weekly close since November 2021 (28/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Core DAX UCITS ETF (DE) 0.16% a year. Compared on 14/11/2026, 159 of the 242 other European share funds charge more, 2 the same and 81 less (share classes counted once).

## Funds tracking the same index

6 funds track DAX Index - EUR - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.09% to 0.16% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi DAX II UCITS ETF Acc | 0.15% | +3.4% | +62.0% | +58.0% |
| Amundi Dax UCITS ETF FCP Parts | 0.10% | +3.4% | +62.2% | +58.2% |
| Deka DAX ausschuettend UCITS ETF | 0.15% | +4.4% | +64.0% | +57.7% |
| Deka DAX UCITS ETF | 0.15% | +4.3% | +63.9% | +57.7% |
| iShares Core DAX UCITS ETF (DE) (this fund) | 0.16% | +3.5% | +61.8% | +58.1% |
| Xtrackers DAX UCITS ETF | 0.09% | +4.5% | +64.3% | +57.9% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.16%** 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, 0MLH holds 40 positions, according to its published holdings. The largest is SAP at 11.96% of the fund; the ten largest make up 64.2%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | SAP | [SAP](https://fundology.uk/stock/SAP) | 11.96% |
| 2 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 10.93% |
| 3 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 9.69% |
| 4 | Airbus | [AIR](https://fundology.uk/stock/AIR) | 6.53% |
| 5 | Siemens Energy | [ENR](https://fundology.uk/stock/ENR) | 5.74% |
| 6 | Deutsche Telekom | [DTE](https://fundology.uk/stock/DTE) | 5.07% |
| 7 | Muenchener Rueckversicherungs-Gese | — | 4.08% |
| 8 | Deutsche Bank Aktiengesellschaft | [DBK](https://fundology.uk/stock/DBK) | 3.41% |
| 9 | Deutsche Boerse | [DB1](https://fundology.uk/stock/DB1) | 3.37% |
| 10 | Infineon Technologies | [IFX](https://fundology.uk/stock/IFX) | 3.37% |

## 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 | 32.0% |
| Financials | 22.4% |
| Information Technology | 15.3% |
| Health Care | 7.3% |
| Consumer Discretionary | 6.2% |
| Communication Services | 5.4% |
| Utilities | 4.7% |
| Materials | 4.7% |
| Other sectors | 1.9% |

### 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 41 holdings: https://fundology.uk/fund/0mlh/holdings

## Questions people ask

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

The ongoing charge of 0MLH is 0.16% a year — about £16 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 Core DAX UCITS ETF (DE) 0.16% a year. Compared on 14/11/2026, 159 of the 242 other European share funds charge more, 2 the same and 81 less (share classes counted once).

**What does 0MLH track?**

0MLH tracks the DAX Index - EUR - Benchmark TR Gross.

**Is 0MLH accumulating or distributing?**

0MLH 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 0MLH?**

The ISIN of 0MLH is DE0005933931. An ISIN identifies one exact share class of a fund; 0MLH is its ticker on the London Stock Exchange. The same share class is also listed as EXS1 (Xetra, euros).

**What does 0MLH hold?**

As of 06/11/2026, 0MLH holds 40 positions, according to its published holdings. The largest is SAP at 11.96% of the fund; the ten largest make up 64.2%. Its ten largest holdings are SAP (11.96%), Siemens (10.93%), Allianz (9.69%), Airbus (6.53%), Siemens Energy (5.74%), Deutsche Telekom (5.07%), Muenchener Rueckversicherungs-Gese (4.08%), Deutsche Bank Aktiengesellschaft (3.41%), Deutsche Boerse (3.37%) and Infineon Technologies (3.37%).

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

Calendar-year returns of 0MLH in pounds (price, with income reinvested in the fund): 2022 −8.1%, 2023 +16.8%, 2024 +13.3%, 2025 +28.3%; 2026 to 13/11/2026 +3.8%. Past performance is not a guide to future returns.

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

Over the five years to 13/11/2026 0MLH’s total return was +58.1%, or +23.4% 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/251464/ishares-dax-ucits-etf-de-fund)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-core-dax-ucits-etf-de-eur-acc-gb-de0005933931-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/daxex-ishares-core-dax-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.