# iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) (EUXS)

**Page:** https://fundology.uk/fund/euxs · ISIN IE00BVDPJP67

## 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, EUXS (iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist), ISIN IE00BVDPJP67) closed at £9.70 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was +61.7%, or +26.3% after UK CPIH inflation.

## Summary

iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) is an exchange-traded fund (ETF) from iShares, launched in 2015. It tracks the MSCI Europe ex UK 100% Hedged to GBP Net Variant — 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 0.4% a year — about £40 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£9.70** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | EUXS |
| ISIN | IE00BVDPJP67 |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Europe ex UK 100% Hedged to GBP Net Variant |
| Income | Distributing |
| Ongoing charge | 0.40% a year (£40 per £10,000) |
| Fund size | £175m |
| Launched | 2015 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 31/03/2015 |

## 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 | +19.01% | +14.80% | income reinvested |
| 3 years | +65.38% | +49.41% | income reinvested |
| 5 years | +61.75% | +26.25% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) in pounds (price only, income paid out not included): 2022 −13.6%, 2023 +15.3%, 2024 +6.8%, 2025 +19.6%; 2026 to 13/11/2026 +12.8%. Returns of iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +12.9%; to 30/09/2025: +10.2%; to 30/09/2024: +19.0%; to 30/09/2023: +20.5%; to 30/09/2022: −17.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -13.6% | -20.9% | Price |
| 2023 | +15.3% | +10.7% | Price |
| 2024 | +6.8% | +3.1% | Price |
| 2025 | +19.6% | +15.5% | Price |
| 2026 to 13/11/2026 | +12.8% | +9.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.50% | -9.62% |
| 3 years | 13.26% | -12.20% |
| 5 years | 14.66% | -22.97% |

## Largest fall

Volatility of iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) in pounds, annualised from weekly returns to 13/11/2026: 12.5% over 1 year, 13.3% over 3 years, 14.7% over 5 years. Largest fall in the price of iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) since November 2021, in pounds: −22.8% from 19/11/2021 to 30/09/2022. The lowest 12-month return of iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) in pounds (price only, income paid out not included) since January 2021 was −19.1% (12 months to 23/09/2022); the highest was +26.6% (12 months to 10/04/2026). On 13/11/2026 the price of iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) was at its highest weekly close since November 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist) 0.40% a year. Compared on 14/11/2026, 28 of the 242 other European share funds charge more, 8 the same and 206 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.40%** per year (as of 13/11/2026)
- 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, EUXS holds 320 positions, according to its published holdings. The largest is ASML at 5.18% of the fund; the ten largest make up 24.2%.

### 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) | 5.18% |
| 2 | Roche Ps Par | — | 3.12% |
| 3 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 2.77% |
| 4 | Nestle | [NESN](https://fundology.uk/stock/NESN) | 2.52% |
| 5 | SAP | [SAP](https://fundology.uk/stock/SAP) | 2.22% |
| 6 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 1.98% |
| 7 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 1.78% |
| 8 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 1.61% |
| 9 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 1.59% |
| 10 | Iberdrola | [IBE](https://fundology.uk/stock/IBE) | 1.46% |

## 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 | 24.3% |
| Industrials | 18.9% |
| Health Care | 14.3% |
| Information Technology | 10.4% |
| Consumer Staples | 7.3% |
| Consumer Discretionary | 6.8% |
| Utilities | 5.0% |
| Materials | 4.8% |
| Other sectors | 8.3% |

### By country

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

| Country | Weight |
|---|---|
| Switzerland | 19.6% |
| France | 18.9% |
| Germany | 17.5% |
| Netherlands | 10.5% |
| Spain | 7.8% |
| Sweden | 7.0% |
| Italy | 6.3% |
| Denmark | 3.4% |
| Other countries | 8.9% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 98.8% |
| Cash and money market | 1.2% |

All 326 holdings: https://fundology.uk/fund/euxs/holdings

## Questions people ask

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

The ongoing charge of EUXS is 0.40% a year — about £40 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 Europe ex-UK GBP Hedged UCITS ETF (Dist) 0.40% a year. Compared on 14/11/2026, 28 of the 242 other European share funds charge more, 8 the same and 206 less (share classes counted once).

**What does EUXS track?**

EUXS tracks the MSCI Europe ex UK 100% Hedged to GBP Net Variant — large and medium-sized European companies.

**Is EUXS accumulating or distributing?**

EUXS is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of EUXS?**

The ISIN of EUXS is IE00BVDPJP67. An ISIN identifies one exact share class of a fund; EUXS is its ticker on the London Stock Exchange.

**What does EUXS hold?**

As of 06/11/2026, EUXS holds 320 positions, according to its published holdings. The largest is ASML at 5.18% of the fund; the ten largest make up 24.2%. Its ten largest holdings are ASML (5.18%), Roche Ps Par (3.12%), Novartis (2.77%), Nestle (2.52%), SAP (2.22%), Siemens (1.98%), Allianz (1.78%), TotalEnergies (1.61%), Banco Santander (1.59%) and Iberdrola (1.46%).

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

Calendar-year returns of EUXS in pounds (price only, income paid out not included): 2022 −13.6%, 2023 +15.3%, 2024 +6.8%, 2025 +19.6%; 2026 to 13/11/2026 +12.8%. Past performance is not a guide to future returns.

**How has EUXS done after inflation?**

Over the five years to 13/11/2026 EUXS’s total return was +61.7%, or +26.3% 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/272403/ishares-msci-europe-ex-uk-gbp-hedged-fund)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-europe-ex-uk-gbp-hedged-ucits-etf-dist-gb-ie00bvdpjp67-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/euxs-ishares-msci-europe-ex-uk-gbp-hedged-ucits-etf-dist-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.