ETF · iShares
FSEU iShares Edge MSCI Europe Multifactor UCITS ETF
ISIN IE00BZ0PKV06London Stock Exchange: FSEUBlackRock, Inc.
- European shares
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£11.33
on
- Ongoing charge
- 0.37% a year
- Fund size
- £546m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, FSEU (iShares Edge MSCI Europe Multifactor UCITS ETF, ISIN IE00BZ0PKV06) closed at £11.33 on the London Stock Exchange. Its ongoing charge is 0.37% a year (about £37 on £10,000). Over the five years to 13/11/2026 its total return was +62.6%, or +26.9% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +15.1%
- +11.0% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +68.7%
- +52.4% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +62.6%
- +26.9% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,626 on 13/11/2026 — about £1,269 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares Edge MSCI Europe Multifactor UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −10.5%, 2023 +16.7%, 2024 +9.4%, 2025 +27.6%; 2026 to 13/11/2026 +12.2%. Returns of iShares Edge MSCI Europe Multifactor UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +17.0%; to 30/09/2025: +16.9%; to 30/09/2024: +21.4%; to 30/09/2023: +19.5%; to 30/09/2022: −13.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +12.2% | +8.6% | |
| to | +27.6% | +23.2% | |
| to | +9.4% | +5.6% | |
| +16.7% | +12.0% | ||
| −10.5% | −18.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +17.0% | +12.9% |
| from | +16.9% | +12.4% |
| from | +21.4% | +18.3% |
| from | +19.5% | +12.3% |
| from | −13.7% | −20.7% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
13.1%over 5 years
| 1 year | 12.0% |
|---|---|
| 3 years | 11.4% |
| 5 years | 13.1% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −18.8%
- From to
- Lowest 12-month return
- −14.6%
- 12 months to
- Highest 12-month return
- +35.0%
- 12 months to
- Below its highest weekly close since November 2021
- 1.9%
- High of , latest
In words: Volatility of iShares Edge MSCI Europe Multifactor UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 12.0% over 1 year, 11.4% over 3 years, 13.1% over 5 years. Largest fall in the price of iShares Edge MSCI Europe Multifactor UCITS ETF since November 2021, in pounds: −18.8% from 07/01/2022 to 30/09/2022. The lowest 12-month return of iShares Edge MSCI Europe Multifactor UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −14.6% (12 months to 14/10/2022); the highest was +35.0% (12 months to 10/04/2026). On 13/11/2026 the price of iShares Edge MSCI Europe Multifactor UCITS ETF was 1.9% below its highest weekly close since November 2021 (07/08/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.37%
- a year
- On £10,000
- £37
- a year, roughly
- Over five years
- £184
- of £10,000, before growth
- 201 charge less
- 1 the same
- 40 charge more
Ongoing charge of iShares Edge MSCI Europe Multifactor UCITS ETF 0.37% a year. Compared on 14/11/2026, 40 of the 242 other European share funds charge more, 1 the same and 201 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares Edge MSCI Europe Multifactor UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2015.
It tracks the STOXX Developed Europe Equity Factor Screened (EUR)(NR).
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.37% a year — about £37 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.
European shares: Companies across Europe. Some funds include the UK and some leave it out — the fund name says which.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- FSEU
- ISIN
- IE00BZ0PKV06
- Also listed as
- IEEU (London Stock Exchange, US dollars), IBC0 (Xetra, euros)
- Provider
- iShares
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.37% a year · about £37 on £10,000
- Fund size
- £546m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- European shares
Price chart
Over the last year, the closing price went from £9.81 on 14/11/2025 to £11.33 on 13/11/2026 (+15.5%). The lowest close shown was £9.60 on 21/11/2025 and the highest £11.55 on 07/08/2026.
One close a week. Before 23/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 172
- on record
- Ten largest
- 25.3%
- of the whole fund
- Effective number of holdings
- 74
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 4.3%
- Novartis
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | NovartisNOVNHealth Care | 4.30% |
| 2 | ASMLASMLInformation Technology | 4.16% |
| 3 | UniCreditUCGFinancials | 2.83% |
| 4 | Banco Bilbao Vizcaya ArgentariaBBVAFinancials | 2.18% |
| 5 | Deutsche Bank AktiengesellschaftDBKFinancials | 2.11% |
| 6 | Muenchener Rueckversicherungs-GeseFinancials | 2.09% |
| 7 | AIB GroupA5GFinancials | 2.02% |
| 8 | ABBABBNIndustrials | 1.89% |
| 9 | UBS GroupUBSGFinancials | 1.86% |
| 10 | Credit AgricoleACAFinancials | 1.81% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Financials29.9%
- Industrials14.3%
- Health Care13.7%
- Consumer Staples8.8%
- Information Technology8.4%
- Energy5.6%
- Utilities5.1%
- Consumer Discretionary5.0%
- Other sectors9.0%
By country
- United Kingdom21.9%
- Switzerland14.9%
- France11.9%
- Germany11.0%
- Netherlands8.6%
- Spain6.7%
- Italy6.1%
- Sweden5.4%
- Other countries13.5%
By type of asset
- Equity99.3%
- Cash and money market0.7%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 163 holdings; the ten largest make up 25.3% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track STOXX Developed Europe Equity Factor Screened (EUR)(NR), this one included and share classes counted once; their ongoing charges range from 0.37% to 0.37% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Edge MSCI Europe Multifactor UCITS ETFThis fundAccumulating · 0.37% a year | 0.37% | +15.1% | +68.7% | +62.6% |
| iShares Edge MSCI Europe Multifactor UCITS ETF DistDistributing · 0.37% a year | 0.37% | +15.0% | +68.7% | +63.1% |
As of
STOXX Developed Europe Equity Factor Screened funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 252 rolling 12-month returns since January 2021, and of 148 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 210 European share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI Europe UCITS ETF EUR (Acc), over the three years to 13/11/2026 (129 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of FSEU?
The ongoing charge of FSEU is 0.37% a year — about £37 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 Edge MSCI Europe Multifactor UCITS ETF 0.37% a year. Compared on 14/11/2026, 40 of the 242 other European share funds charge more, 1 the same and 201 less (share classes counted once).
What does FSEU track?
FSEU tracks the STOXX Developed Europe Equity Factor Screened (EUR)(NR).
Is FSEU accumulating or distributing?
FSEU 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 FSEU?
The ISIN of FSEU is IE00BZ0PKV06. An ISIN identifies one exact share class of a fund; FSEU is its ticker on the London Stock Exchange. The same share class is also listed as IEEU (London Stock Exchange, US dollars) and IBC0 (Xetra, euros).
What does FSEU hold?
As of 06/11/2026, FSEU holds 163 positions, according to its published holdings. The largest is Novartis at 4.30% of the fund; the ten largest make up 25.3%. Its ten largest holdings are Novartis (4.30%), ASML (4.16%), UniCredit (2.83%), Banco Bilbao Vizcaya Argentaria (2.18%), Deutsche Bank Aktiengesellschaft (2.11%), Muenchener Rueckversicherungs-Gese (2.09%), AIB Group (2.02%), ABB (1.89%), UBS Group (1.86%) and Credit Agricole (1.81%).
What were FSEU’s returns in each of the last five years?
Calendar-year returns of FSEU in pounds (price, with income reinvested in the fund): 2022 −10.5%, 2023 +16.7%, 2024 +9.4%, 2025 +27.6%; 2026 to 13/11/2026 +12.2%. Past performance is not a guide to future returns.
How has FSEU done after inflation?
Over the five years to 13/11/2026 FSEU’s total return was +62.6%, or +26.9% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- MEUDAmundi Core Stoxx Europe 600 -UCITS ETF Acc- Capitalisation0.07% a year · £19bn
- SMEAiShares Core MSCI Europe UCITS ETF EUR (Acc)0.12% a year · £14bn
- IMEUiShares Core MSCI Europe UCITS ETF0.12% a year · £9.2bn
- 0MLJiShares Core EURO STOXX 50 UCITS ETF (DE)0.11% a year · £8.3bn
- 0MLDiShares STOXX Europe 600 UCITS ETF0.20% a year · £8.2bn
- 0MLHiShares Core DAX UCITS ETF (DE)0.16% a year · £7.5bn
- XMEUXtrackers MSCI EUROPE UCITS ETF Capitalisation 1C0.13% a year · £6.9bn
- CS51iShares Core EURO STOXX 50 UCITS ETF0.10% a year · £6.5bn
Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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