# State Street SPDR MSCI Europe Financials UCITS ETF (FNCE)

**Source:** https://fundology.uk/fund/fnce · ISIN IE00BKWQ0G16 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (SPDR), 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 01/10/2026, FNCE (State Street SPDR MSCI Europe Financials UCITS ETF, ISIN IE00BKWQ0G16) closed at £130.67 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 01/10/2026 its total return was +165.9%, or +107.9% after UK CPIH inflation.

## Summary

State Street SPDR MSCI Europe Financials UCITS ETF is an exchange-traded fund (ETF) from SPDR, launched in 2014. It tracks the MSCI Europe Financials 35/20 Capped 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 0.18% 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: **£130.67** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | FNCE |
| ISIN | IE00BKWQ0G16 |
| Category | Single sectors |
| Type | ETF |
| Provider | SPDR |
| Tracks | MSCI Europe Financials 35/20 Capped Index |
| Income | Accumulating |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £528m |
| Launched | 2014 |
| Domicile | Ireland |

## Past returns (periods to 01/10/2026)

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 | +24.26% | +20.36% | income reinvested |
| 3 years | +128.10% | +105.83% | income reinvested |
| 5 years | +165.90% | +107.86% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of State Street SPDR MSCI Europe Financials UCITS ETF 0.18% a year, as of 02/10/2026: 95 of the 141 other single-sector funds charge more, 15 the same and 31 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 30/09/2026, FNCE holds 83 positions, according to the holdings SPDR publishes. The largest is HSBC at 9.79% of the fund; the ten largest make up 45.1%.

### Top holdings

Largest positions (as of 30/09/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 9.79% |
| 2 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 5.72% |
| 3 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 5.16% |
| 4 | Banco Bilbao Vizcaya Argentaria | [BBVA](https://fundology.uk/stock/BBVA) | 4.51% |
| 5 | UBS Group | [UBSG](https://fundology.uk/stock/UBSG) | 4.30% |
| 6 | UniCredit | [UCG](https://fundology.uk/stock/UCG) | 3.66% |
| 7 | BNP Paribas · Class A | [BNP](https://fundology.uk/stock/BNP) | 3.07% |
| 8 | Intesa Sanpaolo | — | 3.05% |
| 9 | ING Groep | [INGA](https://fundology.uk/stock/INGA) | 2.94% |
| 10 | Zurich Insurance Group | [ZURN](https://fundology.uk/stock/ZURN) | 2.87% |

Source: SPDR, holdings as published, as of 30/09/2026.

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By country

Added up from the holdings SPDR publishes, as of 30/09/2026.

| Country | Weight |
|---|---|
| United Kingdom | 23.8% |
| Spain | 12.7% |
| Germany | 12.2% |
| Italy | 11.2% |
| Switzerland | 11.1% |
| France | 7.8% |
| Netherlands | 6.2% |
| Sweden | 5.4% |
| Other countries | 9.7% |

All 83 holdings: https://fundology.uk/fund/fnce/holdings

## Questions people ask

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

The ongoing charge of FNCE 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 State Street SPDR MSCI Europe Financials UCITS ETF 0.18% a year, as of 02/10/2026: 95 of the 141 other single-sector funds charge more, 15 the same and 31 less (share classes counted once).

**What does FNCE track?**

FNCE tracks the MSCI Europe Financials 35/20 Capped Index — large and medium-sized European companies.

**Is FNCE accumulating or distributing?**

FNCE 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 FNCE?**

The ISIN of FNCE is IE00BKWQ0G16. An ISIN identifies one exact share class of a fund; FNCE is its ticker on the London Stock Exchange.

**What does FNCE hold?**

As of 30/09/2026, FNCE holds 83 positions, according to the holdings SPDR publishes. The largest is HSBC at 9.79% of the fund; the ten largest make up 45.1%. Its ten largest holdings are HSBC (9.79%), Banco Santander (5.72%), Allianz (5.16%), Banco Bilbao Vizcaya Argentaria (4.51%), UBS Group (4.30%), UniCredit (3.66%), BNP Paribas · Class A (3.07%), Intesa Sanpaolo (3.05%), ING Groep (2.94%) and Zurich Insurance Group (2.87%).

**How has FNCE done after inflation?**

Over the five years to 01/10/2026 FNCE’s total return was +165.9%, or +107.9% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.