# iShares AEX UCITS ETF (IAEX)

**Page:** https://fundology.uk/fund/iaex · ISIN IE00B0M62Y33

## 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, IAEX (iShares AEX UCITS ETF, ISIN IE00B0M62Y33) closed at £95.39 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its total return was +52.5%, or +19.1% after UK CPIH inflation.

## Summary

iShares AEX UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2005. It tracks the Netherlands AEX. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 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.

Latest close: **£95.39** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IAEX |
| ISIN | IE00B0M62Y33 |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | Netherlands AEX |
| Income | Distributing |
| Ongoing charge | 0.30% a year (£30 per £10,000) |
| Fund size | £634m |
| Launched | 2005 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/06/2010 |

## 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 | +14.16% | +10.11% | income reinvested |
| 3 years | +55.48% | +40.47% | income reinvested |
| 5 years | +52.54% | +19.06% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares AEX UCITS ETF in pounds (price only, income paid out not included): 2022 −8.4%, 2023 +11.6%, 2024 +7.2%, 2025 +14.8%; 2026 to 13/11/2026 +13.5%. Returns of iShares AEX UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +14.2%; to 30/09/2025: +9.6%; to 30/09/2024: +21.0%; to 30/09/2023: +12.2%; to 30/09/2022: −14.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.4% | -16.2% | Price |
| 2023 | +11.6% | +7.2% | Price |
| 2024 | +7.2% | +3.5% | Price |
| 2025 | +14.8% | +10.8% | Price |
| 2026 to 13/11/2026 | +13.5% | +9.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.57% | -7.77% |
| 3 years | 12.40% | -10.34% |
| 5 years | 14.81% | -22.57% |

## Largest fall

Volatility of iShares AEX UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 12.6% over 1 year, 12.4% over 3 years, 14.8% over 5 years. Largest fall in the price of iShares AEX UCITS ETF since November 2021, in pounds: −21.6% from 19/11/2021 to 17/06/2022. The lowest 12-month return of iShares AEX UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −18.9% (12 months to 14/10/2022); the highest was +23.6% (12 months to 10/04/2026). On 13/11/2026 the price of iShares AEX UCITS ETF was 0.8% below its highest weekly close since November 2021 (16/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares AEX UCITS ETF 0.30% a year. Compared on 14/11/2026, 63 of the 242 other European share funds charge more, 18 the same and 161 less (share classes counted once).

## Funds tracking the same index

2 funds track Netherlands AEX, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.30% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares AEX UCITS ETF (this fund) | 0.30% | +14.2% | +55.5% | +52.5% |
| VanEck AEX UCITS ETF | 0.30% | +14.3% | +56.2% | +54.2% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.30%** 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, IAEX holds 29 positions, according to its published holdings. The largest is Shell at 15.59% of the fund; the ten largest make up 74.1%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Shell | [SHEL](https://fundology.uk/stock/SHEL) | 15.59% |
| 2 | ASML | [ASML](https://fundology.uk/stock/ASML) | 13.40% |
| 3 | Unilever | [ULVR](https://fundology.uk/stock/ULVR) | 13.14% |
| 4 | ING Groep | [INGA](https://fundology.uk/stock/INGA) | 8.50% |
| 5 | RELX | [REL](https://fundology.uk/stock/REL) | 6.71% |
| 6 | Prosus · Class N | [PRX](https://fundology.uk/stock/PRX) | 5.00% |
| 7 | ASM International | [ASM](https://fundology.uk/stock/ASM) | 3.26% |
| 8 | Koninklijke Ahold Delhaize | [AD](https://fundology.uk/stock/AD) | 3.09% |
| 9 | Adyen | [ADYEN](https://fundology.uk/stock/ADYEN) | 2.88% |
| 10 | ABN AMRO Bank N.V. Depositary receipts | [ABN](https://fundology.uk/stock/ABN) | 2.56% |

## 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 |
|---|---|
| Consumer Staples | 19.6% |
| Financials | 19.3% |
| Information Technology | 17.7% |
| Energy | 16.0% |
| Industrials | 9.8% |
| Materials | 5.6% |
| Consumer Discretionary | 5.0% |
| Communication Services | 3.6% |
| Other sectors | 3.4% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.1% |
| Cash and money market | 0.9% |

All 33 holdings: https://fundology.uk/fund/iaex/holdings

## Questions people ask

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

The ongoing charge of IAEX is 0.30% a year — about £30 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 AEX UCITS ETF 0.30% a year. Compared on 14/11/2026, 63 of the 242 other European share funds charge more, 18 the same and 161 less (share classes counted once).

**What does IAEX track?**

IAEX tracks the Netherlands AEX.

**Is IAEX accumulating or distributing?**

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

**What is the ISIN of IAEX?**

The ISIN of IAEX is IE00B0M62Y33. An ISIN identifies one exact share class of a fund; IAEX is its ticker on the London Stock Exchange.

**What does IAEX hold?**

As of 06/11/2026, IAEX holds 29 positions, according to its published holdings. The largest is Shell at 15.59% of the fund; the ten largest make up 74.1%. Its ten largest holdings are Shell (15.59%), ASML (13.40%), Unilever (13.14%), ING Groep (8.50%), RELX (6.71%), Prosus · Class N (5.00%), ASM International (3.26%), Koninklijke Ahold Delhaize (3.09%), Adyen (2.88%) and ABN AMRO Bank N.V. Depositary receipts (2.56%).

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

Calendar-year returns of IAEX in pounds (price only, income paid out not included): 2022 −8.4%, 2023 +11.6%, 2024 +7.2%, 2025 +14.8%; 2026 to 13/11/2026 +13.5%. Past performance is not a guide to future returns.

**How has IAEX done after inflation?**

Over the five years to 13/11/2026 IAEX’s total return was +52.5%, or +19.1% 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/251712/ishares-aex-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-aex-ucits-etf-eur-dist-gb-ie00b0m62y33-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iaex-ishares-aex-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.