ETF · iShares
CUKS iShares MSCI UK Small Cap UCITS ETF
ISIN IE00B3VWLG82London Stock Exchange: CUKSBlackRock, Inc.
- Smaller companies
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£292.83
on
- Ongoing charge
- 0.50% a year
- Fund size
- £94.7m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, CUKS (iShares MSCI UK Small Cap UCITS ETF, ISIN IE00B3VWLG82) closed at £292.83 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 13/11/2026 its total return was +14.3%, or −10.8% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +13.7%
- +9.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +50.7%
- +36.2% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +14.3%
- −10.8% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,143 on 13/11/2026 — about £892 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares MSCI UK Small Cap UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −22.8%, 2023 +9.8%, 2024 +5.7%, 2025 +14.8%; 2026 to 13/11/2026 +11.2%. Returns of iShares MSCI UK Small Cap UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +10.9%; to 30/09/2025: +7.3%; to 30/09/2024: +20.3%; to 30/09/2023: +11.5%; to 30/09/2022: −29.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +11.2% | +7.7% | |
| to | +14.8% | +10.9% | |
| to | +5.7% | +2.1% | |
| +9.8% | +5.4% | ||
| −22.8% | −29.3% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +10.9% | +7.0% |
| from | +7.3% | +3.1% |
| from | +20.3% | +17.2% |
| from | +11.5% | +4.8% |
| from | −29.0% | −34.8% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
16.3%over 5 years
| 1 year | 14.6% |
|---|---|
| 3 years | 14.2% |
| 5 years | 16.3% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −30.5%
- From to
- Lowest 12-month return
- −29.6%
- 12 months to
- Highest 12-month return
- +28.8%
- 12 months to
- Below its highest weekly close since November 2021
- 0.6%
- High of , latest
In words: Volatility of iShares MSCI UK Small Cap UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 14.6% over 1 year, 14.2% over 3 years, 16.3% over 5 years. Largest fall in the price of iShares MSCI UK Small Cap UCITS ETF since November 2021, in pounds: −30.5% from 31/12/2021 to 14/10/2022. The lowest 12-month return of iShares MSCI UK Small Cap UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −29.6% (12 months to 14/10/2022); the highest was +28.8% (12 months to 18/10/2024). On 13/11/2026 the price of iShares MSCI UK Small Cap UCITS ETF was 0.6% below its highest weekly close since November 2021 (28/08/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.50%
- a year
- On £10,000
- £50
- a year, roughly
- Over five years
- £248
- of £10,000, before growth
- 29 charge less
- 0 the same
- 7 charge more
Ongoing charge of iShares MSCI UK Small Cap UCITS ETF 0.50% a year. Compared on 14/11/2026, 7 of the 36 other smaller-company funds charge more, 0 the same and 29 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares MSCI UK Small Cap UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2009.
It tracks the MSCI United Kingdom 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 0.5% a year — about £50 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
- CUKS
- ISIN
- IE00B3VWLG82
- Also listed as
- SXRD (Xetra, euros)
- Provider
- iShares
- Tracks
- MSCI United Kingdom 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
- 0.50% a year · about £50 on £10,000
- Fund size
- £94.7m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Smaller companies
Price chart
Over the last year, the closing price went from £253.58 on 14/11/2025 to £292.83 on 13/11/2026 (+15.5%). The lowest close shown was £247.35 on 27/03/2026 and the highest £294.55 on 28/08/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with 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
- Holdings
- 195
- on record
- Ten largest
- 16.0%
- of the whole fund
- Effective number of holdings
- 119
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.0%
- Imi
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | ImiIMIIndustrials | 1.96% |
| 2 | HiscoxHSXFinancials | 1.80% |
| 3 | WeirWEIRIndustrials | 1.80% |
| 4 | St. James's PlaceSTJFinancials | 1.71% |
| 5 | DCC EnergyDCCEnergy | 1.58% |
| 6 | Games Workshop GroupGAWConsumer Discretionary | 1.56% |
| 7 | ICGICGFinancials | 1.44% |
| 8 | Croda InternationalCRDAMaterials | 1.39% |
| 9 | Howden Joinery GroupHWDNIndustrials | 1.36% |
| 10 | WhitbreadWTBConsumer Discretionary | 1.36% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Industrials21.8%
- Financials19.4%
- Consumer Discretionary17.9%
- Real Estate10.3%
- Communication Services7.8%
- Materials6.9%
- Consumer Staples3.8%
- Health Care3.5%
- Other sectors8.6%
By type of asset
- Equity99.5%
- Cash and money market0.5%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 193 holdings; the ten largest make up 16.0% 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
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core FTSE 100 UCITS ETF GBP (Acc), over the three years to 13/11/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of CUKS?
The ongoing charge of CUKS is 0.50% a year — about £50 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 UK Small Cap UCITS ETF 0.50% a year. Compared on 14/11/2026, 7 of the 36 other smaller-company funds charge more, 0 the same and 29 less (share classes counted once).
What does CUKS track?
CUKS tracks the MSCI United Kingdom Small Cap.
Is CUKS accumulating or distributing?
CUKS 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 CUKS?
The ISIN of CUKS is IE00B3VWLG82. An ISIN identifies one exact share class of a fund; CUKS is its ticker on the London Stock Exchange. The same share class is also listed as SXRD (Xetra, euros).
What does CUKS hold?
As of 06/11/2026, CUKS holds 193 positions, according to its published holdings. The largest is Imi at 1.96% of the fund; the ten largest make up 16.0%. Its ten largest holdings are Imi (1.96%), Hiscox (1.80%), Weir (1.80%), St. James's Place (1.71%), DCC Energy (1.58%), Games Workshop Group (1.56%), ICG (1.44%), Croda International (1.39%), Howden Joinery Group (1.36%) and Whitbread (1.36%).
What were CUKS’s returns in each of the last five years?
Calendar-year returns of CUKS in pounds (price, with income reinvested in the fund): 2022 −22.8%, 2023 +9.8%, 2024 +5.7%, 2025 +14.8%; 2026 to 13/11/2026 +11.2%. Past performance is not a guide to future returns.
How has CUKS done after inflation?
Over the five years to 13/11/2026 CUKS’s total return was +14.3%, or −10.8% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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