# iShares Core MSCI EMU UCITS ETF (CEU1)

**Page:** https://fundology.uk/fund/ceu1 · ISIN IE00B53QG562

## 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, CEU1 (iShares Core MSCI EMU UCITS ETF, ISIN IE00B53QG562) closed at £207.45 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 13/11/2026 its total return was +58.4%, or +23.7% after UK CPIH inflation.

## Summary

iShares Core MSCI EMU UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2010. It tracks the MSCI EMU. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.12% a year — about £12 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: **£207.45** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | CEU1 |
| ISIN | IE00B53QG562 |
| Also listed as | IEMU (London Stock Exchange, US dollars), SXR7 (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI EMU |
| Income | Accumulating |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £5.2bn |
| Launched | 2010 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/03/2010 |

## 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 | +9.95% | +6.05% | income reinvested |
| 3 years | +60.12% | +44.67% | income reinvested |
| 5 years | +58.42% | +23.65% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Core MSCI EMU UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −6.4%, 2023 +16.5%, 2024 +4.2%, 2025 +32.3%; 2026 to 13/11/2026 +8.0%. Returns of iShares Core MSCI EMU UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +12.7%; to 30/09/2025: +22.3%; to 30/09/2024: +17.4%; to 30/09/2023: +23.2%; to 30/09/2022: −14.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -6.4% | -14.3% | Price |
| 2023 | +16.5% | +11.9% | Price |
| 2024 | +4.2% | +0.6% | Price |
| 2025 | +32.3% | +27.8% | Price |
| 2026 to 13/11/2026 | +8.0% | +4.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 15.84% | -10.93% |
| 3 years | 14.04% | -10.93% |
| 5 years | 15.92% | -20.63% |

## Largest fall

Volatility of iShares Core MSCI EMU UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 15.8% over 1 year, 14.0% over 3 years, 15.9% over 5 years. Largest fall in the price of iShares Core MSCI EMU UCITS ETF since November 2021, in pounds: −19.3% from 19/11/2021 to 30/09/2022. The lowest 12-month return of iShares Core MSCI EMU UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −16.0% (12 months to 14/10/2022); the highest was +32.3% (12 months to 02/01/2026). On 13/11/2026 the price of iShares Core MSCI EMU UCITS ETF was 4.1% below its highest weekly close since November 2021 (14/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Core MSCI EMU UCITS ETF 0.12% a year. Compared on 14/11/2026, 187 of the 242 other European share funds charge more, 17 the same and 38 less (share classes counted once).

## Funds tracking the same index

7 funds track MSCI EMU, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.18% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Core MSCI EMU UCITS ETF (this fund) | 0.12% | +9.9% | +60.1% | +58.4% |
| iShares Core MSCI EMU UCITS ETF Dist GBP | 0.12% | +17.9% | +75.2% | +74.1% |
| Multi Units LU - Amundi MSCI EMU | 0.12% | +8.5% | +57.5% | +57.7% |
| UBS (Lux) Fund Solutions SICAV - MSCI EMU UCITS ETF | 0.10% | +8.7% | +57.5% | +58.1% |
| UBS Core MSCI EMU UCITS ETF-EUR dis- Distribution | 0.10% | +8.5% | +57.6% | +57.7% |
| Xtrackers MSCI EMU UCITS ETF Capitalisation 1CUSD hedged | 0.18% | +17.6% | +63.9% | +83.9% |
| Xtrackers MSCI EMU UCITS ETF Distribution 1D | 0.10% | +10.1% | +60.3% | +58.4% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.12%** 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, CEU1 holds 215 positions, according to its published holdings. The largest is ASML at 7.64% of the fund; the ten largest make up 29.0%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 7.64% |
| 2 | SAP | [SAP](https://fundology.uk/stock/SAP) | 3.28% |
| 3 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 2.92% |
| 4 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 2.63% |
| 5 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 2.37% |
| 6 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 2.34% |
| 7 | Iberdrola | [IBE](https://fundology.uk/stock/IBE) | 2.15% |
| 8 | Banco Bilbao Vizcaya Argentaria | [BBVA](https://fundology.uk/stock/BBVA) | 1.95% |
| 9 | Schneider Electric | [SU](https://fundology.uk/stock/SU) | 1.93% |
| 10 | Airbus Group | — | 1.79% |

## 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 |
|---|---|
| Financials | 26.4% |
| Industrials | 18.7% |
| Information Technology | 14.4% |
| Consumer Discretionary | 8.0% |
| Utilities | 7.1% |
| Health Care | 6.7% |
| Consumer Staples | 6.1% |
| Materials | 4.3% |
| Other sectors | 8.2% |

### By country

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

| Country | Weight |
|---|---|
| France | 27.9% |
| Germany | 25.8% |
| Netherlands | 15.5% |
| Spain | 11.5% |
| Italy | 9.2% |
| Belgium | 3.5% |
| Finland | 3.3% |
| Ireland | 1.3% |
| Other countries | 2.0% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.6% |
| Cash and money market | 0.3% |

The 214 holdings on record (of 215 reported): https://fundology.uk/fund/ceu1/holdings

## Questions people ask

**What is the ongoing charge of CEU1?**

The ongoing charge of CEU1 is 0.12% a year — about £12 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 MSCI EMU UCITS ETF 0.12% a year. Compared on 14/11/2026, 187 of the 242 other European share funds charge more, 17 the same and 38 less (share classes counted once).

**What does CEU1 track?**

CEU1 tracks the MSCI EMU.

**Is CEU1 accumulating or distributing?**

CEU1 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 CEU1?**

The ISIN of CEU1 is IE00B53QG562. An ISIN identifies one exact share class of a fund; CEU1 is its ticker on the London Stock Exchange. The same share class is also listed as IEMU (London Stock Exchange, US dollars) and SXR7 (Xetra, euros).

**What does CEU1 hold?**

As of 06/11/2026, CEU1 holds 215 positions, according to its published holdings. The largest is ASML at 7.64% of the fund; the ten largest make up 29.0%. Its ten largest holdings are ASML (7.64%), SAP (3.28%), Siemens (2.92%), Allianz (2.63%), TotalEnergies (2.37%), Banco Santander (2.34%), Iberdrola (2.15%), Banco Bilbao Vizcaya Argentaria (1.95%), Schneider Electric (1.93%) and Airbus Group (1.79%).

**What were CEU1’s returns in each of the last five years?**

Calendar-year returns of CEU1 in pounds (price, with income reinvested in the fund): 2022 −6.4%, 2023 +16.5%, 2024 +4.2%, 2025 +32.3%; 2026 to 13/11/2026 +8.0%. Past performance is not a guide to future returns.

**How has CEU1 done after inflation?**

Over the five years to 13/11/2026 CEU1’s total return was +58.4%, or +23.7% 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/253729/ishares-msci-emu-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-core-msci-emu-ucits-etf-eur-acc-gb-ie00b53qg562-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/csemu-ishares-core-msci-emu-ucits-etf-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.