# iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc (DPYE)

**Page:** https://fundology.uk/fund/dpye · ISIN IE00BDZVHD04

## 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, DPYE (iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc, ISIN IE00BDZVHD04) closed at €6.27 on the London Stock Exchange. Its ongoing charge is 0.64% a year (about £64 on £10,000). Over the five years to 13/11/2026 its total return was −6.8%, or −27.2% after UK CPIH inflation.

## Summary

iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the FTSE EPRA Nareit Developed Dividend+. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.64% a year — about £64 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. It is currency-hedged to euros, not to the pound: it aims to remove most of the effect of exchange-rate moves against euros, so a holder who counts in pounds still has currency risk.

Latest close: **€6.27** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | DPYE |
| ISIN | IE00BDZVHD04 |
| Category | Property & infrastructure |
| Type | ETF |
| Provider | iShares |
| Tracks | FTSE EPRA Nareit Developed Dividend+ |
| Income | Accumulating |
| Ongoing charge | 0.64% a year (£64 per £10,000) |
| Fund size | £76.9m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 08/03/2018 |

## 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 | -0.39% | -3.92% | income reinvested |
| 3 years | +26.35% | +14.15% | income reinvested |
| 5 years | -6.76% | -27.22% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc in pounds (price, with income reinvested in the fund): 2022 −19.2%, 2023 +5.9%, 2024 −3.4%, 2025 +9.6%; 2026 to 13/11/2026 +2.0%. Returns of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.1%; to 30/09/2025: +2.6%; to 30/09/2024: +20.0%; to 30/09/2023: −4.2%; to 30/09/2022: −16.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -19.2% | -26.1% | Price |
| 2023 | +5.9% | +1.7% | Price |
| 2024 | -3.4% | -6.7% | Price |
| 2025 | +9.6% | +5.8% | Price |
| 2026 to 13/11/2026 | +2.0% | -1.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.25% | -12.14% |
| 3 years | 13.09% | -12.19% |
| 5 years | 15.33% | -29.22% |

## Largest fall

Volatility of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc in pounds, annualised from weekly returns to 13/11/2026: 13.3% over 1 year, 13.1% over 3 years, 15.3% over 5 years. Largest fall in the price of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc since November 2021, in pounds: −29.2% from 31/12/2021 to 27/10/2023. The lowest 12-month return of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc in pounds (price, with income reinvested in the fund) since January 2021 was −23.0% (12 months to 14/10/2022); the highest was +25.0% (12 months to 25/10/2024). On 13/11/2026 the price of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc was 8.2% below its highest weekly close since November 2021 (24/07/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc 0.64% a year. Compared on 14/11/2026, 5 of the 45 other property and infrastructure funds charge more, 1 the same and 39 less (share classes counted once).

## Funds tracking the same index

4 funds track FTSE EPRA Nareit Developed Dividend+, this one included and share classes counted once; their ongoing charges range from 0.59% to 0.64% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Developed Markets Property Yield UCITS ETF | 0.59% | +5.1% | +28.2% | -0.1% |
| iShares Developed Markets Property Yield UCITS ETF Acc | 0.59% | +5.7% | +28.4% | +0.2% |
| iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc (this fund) | 0.64% | -0.4% | +26.3% | -6.8% |
| iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist | 0.64% | +6.9% | +38.1% | +1.9% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.64%** 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, DPYE holds 319 positions, according to its published holdings. The largest is Prologis at 7.02% of the fund; the ten largest make up 36.8%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Prologis | [PLD](https://fundology.uk/stock/PLD) | 7.02% |
| 2 | Equinix | [EQIX](https://fundology.uk/stock/EQIX) | 5.83% |
| 3 | Simon Property Group | [SPG](https://fundology.uk/stock/SPG) | 4.27% |
| 4 | Digital Realty Trust | [DLR](https://fundology.uk/stock/DLR) | 3.78% |
| 5 | Public Storage | [PSA](https://fundology.uk/stock/PSA) | 3.32% |
| 6 | Realty Income | [O](https://fundology.uk/stock/O) | 3.22% |
| 7 | Vivmark Residential | [VMRK](https://fundology.uk/stock/VMRK) | 2.91% |
| 8 | Ventas | [VTR](https://fundology.uk/stock/VTR) | 2.65% |
| 9 | Extra Space Storage | [EXR](https://fundology.uk/stock/EXR) | 1.95% |
| 10 | Iron Mountain | — | 1.84% |

## 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 |
|---|---|
| Retail Reits | 19.6% |
| Other Specialty REITs | 15.2% |
| Residential Reits | 11.5% |
| Real Estate Holding and Development | 10.6% |
| Diversified Reits | 6.9% |
| Office REITs | 5.5% |
| Hotel and Lodging REITs | 4.5% |
| Cash and derivatives | 0.6% |
| Other sectors | 25.6% |

### By country

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

| Country | Weight |
|---|---|
| United States | 66.1% |
| Japan | 7.3% |
| United Kingdom | 4.0% |
| Australia | 3.7% |
| Hong Kong | 3.7% |
| Singapore | 3.4% |
| Canada | 2.2% |
| France | 1.9% |
| Other countries | 7.7% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.5% |
| Cash and money market | 0.6% |

All 322 holdings: https://fundology.uk/fund/dpye/holdings

## Questions people ask

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

The ongoing charge of DPYE is 0.64% a year — about £64 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 Developed Markets Property Yield UCITS ETF EUR Hedged Acc 0.64% a year. Compared on 14/11/2026, 5 of the 45 other property and infrastructure funds charge more, 1 the same and 39 less (share classes counted once).

**What does DPYE track?**

DPYE tracks the FTSE EPRA Nareit Developed Dividend+.

**Is DPYE accumulating or distributing?**

DPYE 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 DPYE?**

The ISIN of DPYE is IE00BDZVHD04. An ISIN identifies one exact share class of a fund; DPYE is its ticker on the London Stock Exchange.

**What does DPYE hold?**

As of 06/11/2026, DPYE holds 319 positions, according to its published holdings. The largest is Prologis at 7.02% of the fund; the ten largest make up 36.8%. Its ten largest holdings are Prologis (7.02%), Equinix (5.83%), Simon Property Group (4.27%), Digital Realty Trust (3.78%), Public Storage (3.32%), Realty Income (3.22%), Vivmark Residential (2.91%), Ventas (2.65%), Extra Space Storage (1.95%) and Iron Mountain (1.84%).

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

Calendar-year returns of DPYE in pounds (price, with income reinvested in the fund): 2022 −19.2%, 2023 +5.9%, 2024 −3.4%, 2025 +9.6%; 2026 to 13/11/2026 +2.0%. Past performance is not a guide to future returns.

**How has DPYE done after inflation?**

Over the five years to 13/11/2026 DPYE’s total return was −6.8%, or −27.2% 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/295692/ishares-developed-markets-property-yield-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-developed-markets-property-yield-ucits-etf-eur-hedged-acc-gb-ie00bdzvhd04-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/dpye-ishares-developed-markets-property-yield-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.