# iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR (EEUD)

**Page:** https://fundology.uk/fund/eeud · ISIN IE00BHZPJ676

## 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, EEUD (iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR, ISIN IE00BHZPJ676) closed at £7.15 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 +46.9%, or +14.6% after UK CPIH inflation.

## Summary

iShares IV PLC - iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR is an exchange-traded fund (ETF) from iShares, launched in 2019. It tracks the MSCI Europe ESG Enhanced Focus CTB Index — large and medium-sized European companies. 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 paid out to holders as cash, usually a few times a year.

Latest close: **£7.15** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | EEUD |
| ISIN | IE00BHZPJ676 |
| Also listed as | EMNU (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Europe ESG Enhanced Focus CTB Index |
| Income | Distributing |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £4.5bn |
| Launched | 2019 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/03/2019 |

## 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 | +11.32% | +7.38% | income reinvested |
| 3 years | +51.07% | +36.49% | income reinvested |
| 5 years | +46.88% | +14.65% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares IV PLC - iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR in pounds (price only, income paid out not included): 2022 −9.5%, 2023 +10.1%, 2024 +0.6%, 2025 +20.4%; 2026 to 13/11/2026 +7.7%. Returns of iShares IV PLC - iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +9.6%; to 30/09/2025: +9.4%; to 30/09/2024: +13.4%; to 30/09/2023: +13.4%; to 30/09/2022: −13.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -9.5% | -17.2% | Price |
| 2023 | +10.1% | +5.7% | Price |
| 2024 | +0.6% | -2.8% | Price |
| 2025 | +20.4% | +16.2% | Price |
| 2026 to 13/11/2026 | +7.7% | +4.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.57% | -11.10% |
| 3 years | 12.59% | -11.10% |
| 5 years | 14.12% | -19.73% |

## Largest fall

Volatility of iShares IV PLC - iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR in pounds, annualised from weekly returns to 13/11/2026: 13.6% over 1 year, 12.6% over 3 years, 14.1% over 5 years. Largest fall in the price of iShares IV PLC - iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR since November 2021, in pounds: −18.4% from 19/11/2021 to 14/10/2022. The lowest 12-month return of iShares IV PLC - iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR in pounds (price only, income paid out not included) since January 2021 was −15.6% (12 months to 14/10/2022); the highest was +25.2% (12 months to 10/04/2026). On 13/11/2026 the price of iShares IV PLC - iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR was 1.9% below its highest weekly close since November 2021 (07/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares IV PLC - iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR 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).

## 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, EEUD holds 370 positions, according to its published holdings. The largest is ASML at 4.29% of the fund; the ten largest make up 22.7%.

### 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) | 4.29% |
| 2 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 2.81% |
| 3 | Roche Ps Par | — | 2.70% |
| 4 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 2.53% |
| 5 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 1.97% |
| 6 | SAP | [SAP](https://fundology.uk/stock/SAP) | 1.91% |
| 7 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 1.73% |
| 8 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 1.65% |
| 9 | ABB | [ABBN](https://fundology.uk/stock/ABBN) | 1.64% |
| 10 | Schneider Electric | [SU](https://fundology.uk/stock/SU) | 1.51% |

## 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 | 25.8% |
| Industrials | 18.3% |
| Health Care | 14.4% |
| Consumer Staples | 8.3% |
| Information Technology | 8.2% |
| Consumer Discretionary | 6.0% |
| Utilities | 5.4% |
| Materials | 5.1% |
| Other sectors | 8.5% |

### By country

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

| Country | Weight |
|---|---|
| United Kingdom | 21.1% |
| Switzerland | 15.4% |
| France | 14.5% |
| Germany | 12.6% |
| Netherlands | 8.9% |
| Spain | 6.2% |
| Italy | 5.5% |
| Sweden | 5.3% |
| Other countries | 10.4% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.2% |
| Cash and money market | 0.7% |

All 370 holdings: https://fundology.uk/fund/eeud/holdings

## Questions people ask

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

The ongoing charge of EEUD 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 IV PLC - iShares MSCI Europe CTB Enhanced ESG UCITS ETF Unhedged EUR 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 EEUD track?**

EEUD tracks the MSCI Europe ESG Enhanced Focus CTB Index — large and medium-sized European companies.

**Is EEUD accumulating or distributing?**

EEUD is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**What is the ISIN of EEUD?**

The ISIN of EEUD is IE00BHZPJ676. An ISIN identifies one exact share class of a fund; EEUD is its ticker on the London Stock Exchange. The same share class is also listed as EMNU (Xetra, euros).

**What does EEUD hold?**

As of 06/11/2026, EEUD holds 370 positions, according to its published holdings. The largest is ASML at 4.29% of the fund; the ten largest make up 22.7%. Its ten largest holdings are ASML (4.29%), Novartis (2.81%), Roche Ps Par (2.70%), HSBC (2.53%), AstraZeneca (1.97%), SAP (1.91%), Allianz (1.73%), TotalEnergies (1.65%), ABB (1.64%) and Schneider Electric (1.51%).

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

Calendar-year returns of EEUD in pounds (price only, income paid out not included): 2022 −9.5%, 2023 +10.1%, 2024 +0.6%, 2025 +20.4%; 2026 to 13/11/2026 +7.7%. Past performance is not a guide to future returns.

**How has EEUD done after inflation?**

Over the five years to 13/11/2026 EEUD’s total return was +46.9%, or +14.6% 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/307565/ishares-msci-europe-ctb-enhanced-esg-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-europe-ctb-enhanced-esg-ucits-etf-eur-dist-gb-ie00bhzpj676-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/eeud-ishares-msci-europe-ctb-enhanced-esg-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.