# iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR (ESIH)

**Page:** https://fundology.uk/fund/esih · ISIN IE00BMW42181

## 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, ESIH (iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR, ISIN IE00BMW42181) closed at £6.76 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 13/11/2026 its total return was +23.6%, or −3.5% after UK CPIH inflation.

## Summary

iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR is an exchange-traded fund (ETF) from iShares, launched in 2020. It tracks the MSCI Europe Health Care 20/35 Capped Index - EUR - Benchmark TR Gross — 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 0.18% a year — about £18 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: **£6.76** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | ESIH |
| ISIN | IE00BMW42181 |
| Category | Healthcare |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Europe Health Care 20/35 Capped Index - EUR - Benchmark TR Gross |
| Income | Accumulating |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £798m |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/11/2020 |

## 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 | +10.77% | +6.85% | income reinvested |
| 3 years | +26.40% | +14.20% | income reinvested |
| 5 years | +23.62% | -3.51% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund): 2022 +1.6%, 2023 +5.4%, 2024 +0.1%, 2025 +11.8%; 2026 to 13/11/2026 +9.6%. Returns of iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: 0.0%; to 30/09/2025: −2.6%; to 30/09/2024: +10.7%; to 30/09/2023: +14.2%; to 30/09/2022: +1.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +1.6% | -7.0% | Price |
| 2023 | +5.4% | +1.2% | Price |
| 2024 | +0.1% | -3.3% | Price |
| 2025 | +11.8% | +8.0% | Price |
| 2026 to 13/11/2026 | +9.6% | +6.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.25% | -12.71% |
| 3 years | 17.26% | -21.48% |
| 5 years | 16.38% | -21.48% |

## Largest fall

Volatility of iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR in pounds, annualised from weekly returns to 13/11/2026: 19.3% over 1 year, 17.3% over 3 years, 16.4% over 5 years. Largest fall in the price of iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR since November 2021, in pounds: −21.5% from 30/08/2024 to 11/04/2025. The lowest 12-month return of iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) since January 2021 was −17.1% (12 months to 08/08/2025); the highest was +26.4% (12 months to 08/04/2022). On 13/11/2026 the price of iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR was at its highest weekly close since November 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCIEurope Health Care Sector UCITS ETF AccumEUR 0.18% a year. Compared on 14/11/2026, 21 of the 28 other healthcare funds charge more, 3 the same and 4 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** 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, ESIH holds 38 positions, according to its published holdings. The largest is Roche Ps Par at 16.94% of the fund; the ten largest make up 75.2%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Roche Ps Par | — | 16.94% |
| 2 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 15.05% |
| 3 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 14.26% |
| 4 | Novo Nordisk · Class B | [NOVO_B](https://fundology.uk/stock/NOVO_B) | 6.56% |
| 5 | GSK | [GSK](https://fundology.uk/stock/GSK) | 5.18% |
| 6 | Sanofi | [SAN](https://fundology.uk/stock/EURONEXT:SAN) | 5.17% |
| 7 | EssilorLuxottica | [EL](https://fundology.uk/stock/EL) | 3.18% |
| 8 | Bayer | [BAYN](https://fundology.uk/stock/BAYN) | 3.09% |
| 9 | argenx | [ARGX](https://fundology.uk/stock/ARGX) | 2.88% |
| 10 | Lonza Group | [LONN](https://fundology.uk/stock/LONN) | 2.88% |

## 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 |
|---|---|
| Health Care | 99.7% |
| Cash and derivatives | 0.3% |

### By country

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

| Country | Weight |
|---|---|
| Switzerland | 43.4% |
| United Kingdom | 22.1% |
| France | 10.1% |
| Denmark | 8.9% |
| Germany | 7.7% |
| Belgium | 5.2% |
| Netherlands | 1.2% |
| Cash and derivatives | 0.3% |
| Other countries | 1.3% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.7% |
| Cash and money market | 0.3% |

All 42 holdings: https://fundology.uk/fund/esih/holdings

## Questions people ask

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

The ongoing charge of ESIH is 0.18% a year — about £18 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 MSCIEurope Health Care Sector UCITS ETF AccumEUR 0.18% a year. Compared on 14/11/2026, 21 of the 28 other healthcare funds charge more, 3 the same and 4 less (share classes counted once).

**What does ESIH track?**

ESIH tracks the MSCI Europe Health Care 20/35 Capped Index - EUR - Benchmark TR Gross — large and medium-sized European companies.

**Is ESIH accumulating or distributing?**

ESIH 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 ESIH?**

The ISIN of ESIH is IE00BMW42181. An ISIN identifies one exact share class of a fund; ESIH is its ticker on the London Stock Exchange.

**What does ESIH hold?**

As of 06/11/2026, ESIH holds 38 positions, according to its published holdings. The largest is Roche Ps Par at 16.94% of the fund; the ten largest make up 75.2%. Its ten largest holdings are Roche Ps Par (16.94%), Novartis (15.05%), AstraZeneca (14.26%), Novo Nordisk · Class B (6.56%), GSK (5.18%), Sanofi (5.17%), EssilorLuxottica (3.18%), Bayer (3.09%), argenx (2.88%) and Lonza Group (2.88%).

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

Calendar-year returns of ESIH in pounds (price, with income reinvested in the fund): 2022 +1.6%, 2023 +5.4%, 2024 +0.1%, 2025 +11.8%; 2026 to 13/11/2026 +9.6%. Past performance is not a guide to future returns.

**How has ESIH done after inflation?**

Over the five years to 13/11/2026 ESIH’s total return was +23.6%, or −3.5% 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/315806/ishares-msci-europe-health-care-sector-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-europe-health-care-sector-ucits-etf-eur-acc-gb-ie00bmw42181-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/esih-ishares-msci-europe-health-care-sector-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.