# iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR (EUMD) **Source:** https://fundology.uk/fund/eumd · ISIN IE00BF20LF40 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, EUMD (iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR, ISIN IE00BF20LF40) closed at €10.32 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 30/09/2026 its total return was +48.2%, or +15.8% after UK CPIH inflation. ## Summary iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the MSCI Europe Mid Cap Index - EUR — 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 0.15% a year — about £15 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: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **€10.32** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | EUMD | | ISIN | IE00BF20LF40 | | Category | European shares | | Type | ETF | | Provider | iShares | | Tracks | MSCI Europe Mid Cap Index - EUR | | Income | Accumulating | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £374m | | Launched | 2017 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +15.99% | +12.35% | income reinvested | | 3 years | +61.59% | +45.82% | income reinvested | | 5 years | +48.19% | +15.85% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR in pounds (price, with income reinvested in the fund): 2022 −13.9%, 2023 +11.9%, 2024 +4.1%, 2025 +29.1%; 2026 to 30/09/2026 +9.9%. Returns of iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +15.5%; to 30/09/2025: +19.5%; to 30/09/2024: +16.6%; to 30/09/2023: +15.2%; to 30/09/2022: −22.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -13.9% | -21.2% | Price | | 2023 | +11.9% | +7.4% | Price | | 2024 | +4.1% | +0.5% | Price | | 2025 | +29.1% | +24.7% | Price | | 2026 to 30/09/2026 | +9.9% | +6.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 12.84% | -9.32% | | 3 years | 12.34% | -9.32% | | 5 years | 14.86% | -25.28% | ## Largest fall Volatility of iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR in pounds, annualised from weekly returns to 30/09/2026: 12.8% over 1 year, 12.3% over 3 years, 14.9% over 5 years. Largest fall in the price of iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR since October 2021, in pounds: −25.3% from 12/11/2021 to 14/10/2022. The lowest 12-month return of iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR in pounds (price, with income reinvested in the fund) since January 2021 was −21.8% (12 months to 23/09/2022); the highest was +34.1% (12 months to 10/04/2026). On 30/09/2026 the price of iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR was 2.8% below its highest weekly close since October 2021 (28/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR 0.15% a year, as of 01/10/2026: 152 of the 225 other European share funds charge more, 14 the same and 59 less (share classes counted once). ## Funds tracking the same index 3 funds track MSCI Europe Mid Cap Index - EUR, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.40% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Deka MSCI Europe MC UCITS ETF | 0.40% | +17.0% | +62.8% | +42.8% | | iShares MSCI Europe Mid Cap UCITS ETF Accum Unhedged EUR (this fund) | 0.15% | +16.0% | +61.6% | +48.2% | | iShares MSCI Europe Mid Cap UCITS ETF Unhedged EUR | 0.15% | +16.0% | +61.6% | +48.1% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.15%** per year - ISA eligible: yes - SIPP eligible: yes --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.