# iShares Edge MSCI Europe Quality Factor UCITS ETF (IEFQ)

**Page:** https://fundology.uk/fund/iefq · ISIN IE00BQN1K562

## 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, IEFQ (iShares Edge MSCI Europe Quality Factor UCITS ETF, ISIN IE00BQN1K562) closed at £10.58 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was +29.7%, or +1.3% after UK CPIH inflation.

## Summary

iShares Edge MSCI Europe Quality Factor UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2015. It tracks the MSCI Europe Sector Neutral Quality — 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 0.25% a year — about £25 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: **£10.58** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IEFQ |
| ISIN | IE00BQN1K562 |
| Also listed as | CEMQ (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Europe Sector Neutral Quality |
| Income | Accumulating |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £524m |
| Launched | 2015 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 16/01/2015 |

## 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 | +8.76% | +4.91% | income reinvested |
| 3 years | +33.66% | +20.75% | income reinvested |
| 5 years | +29.73% | +1.26% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Edge MSCI Europe Quality Factor UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −6.3%, 2023 +12.3%, 2024 −0.3%, 2025 +15.1%; 2026 to 13/11/2026 +8.7%. Returns of iShares Edge MSCI Europe Quality Factor UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +6.6%; to 30/09/2025: +6.1%; to 30/09/2024: +14.9%; to 30/09/2023: +13.3%; to 30/09/2022: −8.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -6.3% | -14.3% | Price |
| 2023 | +12.3% | +7.8% | Price |
| 2024 | -0.3% | -3.7% | Price |
| 2025 | +15.1% | +11.2% | Price |
| 2026 to 13/11/2026 | +8.7% | +5.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.41% | -9.57% |
| 3 years | 11.63% | -9.57% |
| 5 years | 13.23% | -17.48% |

## Largest fall

Volatility of iShares Edge MSCI Europe Quality Factor UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 12.4% over 1 year, 11.6% over 3 years, 13.2% over 5 years. Largest fall in the price of iShares Edge MSCI Europe Quality Factor UCITS ETF since November 2021, in pounds: −16.8% from 19/11/2021 to 17/06/2022. The lowest 12-month return of iShares Edge MSCI Europe Quality Factor UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −11.5% (12 months to 21/10/2022); the highest was +18.5% (12 months to 16/06/2023). On 13/11/2026 the price of iShares Edge MSCI Europe Quality Factor UCITS ETF was at its highest weekly close since November 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Edge MSCI Europe Quality Factor UCITS ETF 0.25% a year. Compared on 14/11/2026, 88 of the 242 other European share funds charge more, 24 the same and 130 less (share classes counted once).

## Funds tracking the same index

2 funds track MSCI Europe Sector Neutral Quality, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.25% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Edge MSCI Europe Quality Factor UCITS ETF (this fund) | 0.25% | +8.8% | +33.7% | +29.7% |
| iShares Edge MSCI Europe Quality Factor UCITS ETF Dist | 0.25% | +8.7% | +33.7% | +30.1% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** 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, IEFQ holds 121 positions, according to its published holdings. The largest is ASML at 7.43% of the fund; the ten largest make up 37.5%.

### 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) | 7.43% |
| 2 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 4.80% |
| 3 | ABB | [ABBN](https://fundology.uk/stock/ABBN) | 3.46% |
| 4 | Nestle | [NESN](https://fundology.uk/stock/NESN) | 3.28% |
| 5 | Roche Ps Par | — | 3.28% |
| 6 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 3.23% |
| 7 | Zurich Insurance Group | [ZURN](https://fundology.uk/stock/ZURN) | 3.22% |
| 8 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 3.00% |
| 9 | Rolls-Royce | [RR.](https://fundology.uk/stock/RR.) | 2.95% |
| 10 | Unilever | [ULVR](https://fundology.uk/stock/ULVR) | 2.84% |

## 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 | 24.5% |
| Industrials | 17.7% |
| Health Care | 13.4% |
| Consumer Staples | 9.5% |
| Information Technology | 8.5% |
| Consumer Discretionary | 6.4% |
| Materials | 5.5% |
| Energy | 5.5% |
| Other sectors | 9.1% |

### By country

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

| Country | Weight |
|---|---|
| United Kingdom | 27.2% |
| Switzerland | 22.8% |
| France | 11.2% |
| Germany | 10.8% |
| Netherlands | 9.6% |
| Spain | 5.0% |
| Sweden | 3.9% |
| Italy | 2.9% |
| Other countries | 6.5% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.7% |
| Cash and money market | 0.3% |

All 128 holdings: https://fundology.uk/fund/iefq/holdings

## Questions people ask

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

The ongoing charge of IEFQ is 0.25% a year — about £25 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 Quality Factor UCITS ETF 0.25% a year. Compared on 14/11/2026, 88 of the 242 other European share funds charge more, 24 the same and 130 less (share classes counted once).

**What does IEFQ track?**

IEFQ tracks the MSCI Europe Sector Neutral Quality — large and medium-sized European companies.

**Is IEFQ accumulating or distributing?**

IEFQ 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 IEFQ?**

The ISIN of IEFQ is IE00BQN1K562. An ISIN identifies one exact share class of a fund; IEFQ is its ticker on the London Stock Exchange. The same share class is also listed as CEMQ (Xetra, euros).

**What does IEFQ hold?**

As of 06/11/2026, IEFQ holds 121 positions, according to its published holdings. The largest is ASML at 7.43% of the fund; the ten largest make up 37.5%. Its ten largest holdings are ASML (7.43%), Allianz (4.80%), ABB (3.46%), Nestle (3.28%), Roche Ps Par (3.28%), Novartis (3.23%), Zurich Insurance Group (3.22%), AstraZeneca (3.00%), Rolls-Royce (2.95%) and Unilever (2.84%).

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

Calendar-year returns of IEFQ in pounds (price, with income reinvested in the fund): 2022 −6.3%, 2023 +12.3%, 2024 −0.3%, 2025 +15.1%; 2026 to 13/11/2026 +8.7%. Past performance is not a guide to future returns.

**How has IEFQ done after inflation?**

Over the five years to 13/11/2026 IEFQ’s total return was +29.7%, or +1.3% 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/272024/ishares-msci-europe-quality-factor-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-edge-msci-europe-quality-factor-ucits-etf-eur-acc-gb-ie00bqn1k562-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iequ-ishares-edge-msci-europe-quality-factor-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.