ETF · iShares
CES1 iShares MSCI EMU Small Cap UCITS ETF
ISIN IE00B3VWMM18London Stock Exchange: CES1BlackRock, Inc.
- Smaller companies
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£308.93
on
- Ongoing charge
- 0.58% a year
- Fund size
- £544m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, CES1 (iShares MSCI EMU Small Cap UCITS ETF, ISIN IE00B3VWMM18) closed at £308.93 on the London Stock Exchange. Its ongoing charge is 0.58% a year (about £58 on £10,000). Over the five years to 30/09/2026 its total return was +32.7%, or +3.7% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +10.4%
- +7.0% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +45.5%
- +31.3% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +32.7%
- +3.7% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,327 on 30/09/2026 — about £1,037 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Volatility and the largest fall need a longer record of this fund’s prices than we hold so far. They appear on this page once we do.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Charges compared with similar funds
- Ongoing charge
- 0.58%
- a year
- On £10,000
- £58
- a year, roughly
- Over five years
- £287
- of £10,000, before growth
- 28 charge less
- 1 the same
- 3 charge more
Ongoing charge of iShares MSCI EMU Small Cap UCITS ETF 0.58% a year, as of 01/10/2026: 3 of the 32 other smaller-company funds charge more, 1 the same and 28 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares MSCI EMU Small Cap UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2009.
It tracks the MSCI EMU Small Cap.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.58% a year — about £58 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.
Smaller companies: Smaller firms, which can grow faster than large ones but whose prices usually swing more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- CES1
- ISIN
- IE00B3VWMM18
- Provider
- iShares
- Tracks
- MSCI EMU Small Cap
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.58% a year · about £58 on £10,000
- Fund size
- £544m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Smaller companies
Price chart
Since 29/07/2026, the closing price went from £315.20 on 29/07/2026 to £308.93 on 30/09/2026 (−2.0%). The lowest close shown was £308.93 on 30/09/2026 and the highest £320.43 on 26/08/2026.
Chart: closing prices we have recorded since 29/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
7 weekly closes, from 29/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Gaztransport & TechnigazGTT | 1.48% |
| 2 | thyssenkruppTKA | 1.34% |
| 3 | SpieSPIE | 1.19% |
| 4 | EdenredEDEN | 1.14% |
| 5 | Aedifica | 1.10% |
| 6 | Lottomatica GroupLTMC | 1.10% |
| 7 | Ackermans & Van Haaren | 1.06% |
| 8 | Konecranes | 1.06% |
| 9 | SaipemSPM | 1.04% |
| 10 | ImcdIMCD | 1.02% |
Source: iShares, holdings as published, as of , company pages by TradingView
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.
By sector
- Industrials27.4%
- Materials12.1%
- Consumer Discretionary11.1%
- Financials10.7%
- Information Technology8.6%
- Real Estate6.8%
- Energy6.2%
- Communication Services5.2%
- Other sectors11.9%
By country
- Germany22.9%
- France21.1%
- Italy14.7%
- Netherlands8.8%
- Belgium8.6%
- Spain8.4%
- Finland6.2%
- Austria5.3%
- Other countries4.0%
By type of asset
- Equity99.3%
- Cash and money market0.7%
379 holdings are listed for this fund. All 379 holdings of CES1, with the full split by sector, country and type of asset.
More of the portfolio
The fund publishes 379 holdings; the ten largest make up 11.5% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track MSCI EMU Small Cap, this one included and share classes counted once; their ongoing charges range from 0.40% to 0.58% a year (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| iShares MSCI EMU Small Cap UCITS ETFThis fundAccumulating · 0.58% a year | +10.4% | +32.7% |
| UBS MSCI EMU Small Cap UCITS ETF EUR dis- DistributionDistributing · 0.40% a year | +10.6% | +34.3% |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Questions people ask
What is the ongoing charge of CES1?
The ongoing charge of CES1 is 0.58% a year — about £58 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 MSCI EMU Small Cap UCITS ETF 0.58% a year, as of 01/10/2026: 3 of the 32 other smaller-company funds charge more, 1 the same and 28 less (share classes counted once).
What does CES1 track?
CES1 tracks the MSCI EMU Small Cap.
Is CES1 accumulating or distributing?
CES1 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 CES1?
The ISIN of CES1 is IE00B3VWMM18. An ISIN identifies one exact share class of a fund; CES1 is its ticker on the London Stock Exchange.
How has CES1 done after inflation?
Over the five years to 30/09/2026 CES1’s total return was +32.7%, or +3.7% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- WLDSiShares MSCI World Small Cap UCITS ETF0.35% a year · £5.0bn
- R2SCState Street SPDR RUSSELL 2000 U.S. SMALL CAP UCITS ETF Accum Ptg USD0.30% a year · £2.9bn
- XXSCXtrackers MSCI Europe Small Cap UCITS ETF Capitalisation 1C0.33% a year · £2.1bn
- ISP6iShares S&P SmallCap 600 UCITS ETF USD0.40% a year · £1.7bn
- CUS1iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETF Accum.Ptg.Shs USD0.43% a year · £1.6bn
- WOSCState Street SPDR MSCI World Small Cap UCITS ETF0.47% a year · £1.1bn
- AVSGAvantis Global Small Cap Value UCITS ETF AccumUSD0.39% a year · £858m
- USSCState Street SPDR MSCI USA Small Cap Value Weighted UCITS ETF Accum Ptg USD0.30% a year · £586m
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Inflation
- ONS CPIH, latest month published
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- iShares, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.