# iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV)

**Page:** https://fundology.uk/fund/iefv · ISIN IE00BQN1K901

## 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, IEFV (iShares Edge MSCI Europe Value Factor UCITS ETF, ISIN IE00BQN1K901) closed at £11.77 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 +91.3%, or +49.3% after UK CPIH inflation.

## Summary

iShares Edge MSCI Europe Value Factor UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2015. It tracks the MSCI Europe Enhanced Value — 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: **£11.77** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IEFV |
| ISIN | IE00BQN1K901 |
| Also listed as | IEVL (London Stock Exchange, euros), CEMS (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Europe Enhanced Value |
| Income | Accumulating |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £2.1bn |
| 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 | +17.21% | +13.06% | income reinvested |
| 3 years | +81.80% | +64.25% | income reinvested |
| 5 years | +91.27% | +49.30% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Edge MSCI Europe Value Factor UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +1.5%, 2023 +11.4%, 2024 +5.2%, 2025 +43.5%; 2026 to 13/11/2026 +12.8%. Returns of iShares Edge MSCI Europe Value Factor UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +22.1%; to 30/09/2025: +26.9%; to 30/09/2024: +12.4%; to 30/09/2023: +20.7%; to 30/09/2022: −4.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +1.5% | -7.1% | Price |
| 2023 | +11.4% | +7.0% | Price |
| 2024 | +5.2% | +1.6% | Price |
| 2025 | +43.5% | +38.6% | Price |
| 2026 to 13/11/2026 | +12.8% | +9.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 14.85% | -10.57% |
| 3 years | 13.74% | -10.95% |
| 5 years | 15.16% | -14.79% |

## Largest fall

Volatility of iShares Edge MSCI Europe Value Factor UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 14.8% over 1 year, 13.7% over 3 years, 15.2% over 5 years. Largest fall in the price of iShares Edge MSCI Europe Value Factor UCITS ETF since November 2021, in pounds: −14.8% from 11/02/2022 to 04/03/2022. The lowest 12-month return of iShares Edge MSCI Europe Value Factor UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −5.8% (12 months to 14/10/2022); the highest was +49.0% (12 months to 10/04/2026). On 13/11/2026 the price of iShares Edge MSCI Europe Value Factor UCITS ETF was 2.6% below its highest weekly close since November 2021 (06/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Edge MSCI Europe Value 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

3 funds track MSCI Europe Enhanced Value, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.25% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Edge MSCI Europe Value Factor UCITS ETF (this fund) | 0.25% | +17.2% | +81.8% | +91.3% |
| iShares Edge MSCI Europe Value Factor UCITS ETF Dist | 0.25% | +17.1% | +81.9% | +91.9% |
| Xtrackers MSCI Europe Value Factor UCITS ETF (DR) Capitalisation 1C | 0.15% | +17.2% | +82.3% | +92.4% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** 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, IEFV holds 145 positions, according to its published holdings. The largest is Sanofi at 4.63% of the fund; the ten largest make up 30.3%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Sanofi | [SAN](https://fundology.uk/stock/EURONEXT:SAN) | 4.63% |
| 2 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 3.96% |
| 3 | Bayer | [BAYN](https://fundology.uk/stock/BAYN) | 3.76% |
| 4 | British American Tobacco p.l.c | [BATS](https://fundology.uk/stock/BATS) | 3.53% |
| 5 | GSK | [GSK](https://fundology.uk/stock/GSK) | 3.07% |
| 6 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 2.72% |
| 7 | BNP Paribas | [BNP](https://fundology.uk/stock/BNP) | 2.48% |
| 8 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 2.17% |
| 9 | Dhl | [DHL](https://fundology.uk/stock/DHL) | 1.98% |
| 10 | Vinci | [DG](https://fundology.uk/stock/DG) | 1.96% |

## 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 | 25.0% |
| Industrials | 19.2% |
| Health Care | 15.2% |
| Consumer Staples | 8.7% |
| Information Technology | 6.7% |
| Energy | 5.7% |
| Consumer Discretionary | 5.2% |
| Materials | 5.2% |
| Other sectors | 9.0% |

### By country

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

| Country | Weight |
|---|---|
| Germany | 24.4% |
| United Kingdom | 23.5% |
| France | 23.1% |
| Spain | 5.7% |
| Netherlands | 5.6% |
| Italy | 5.0% |
| Sweden | 4.7% |
| Finland | 1.8% |
| Other countries | 6.1% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.6% |
| Cash and money market | 0.4% |

All 146 holdings: https://fundology.uk/fund/iefv/holdings

## Questions people ask

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

The ongoing charge of IEFV 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 Value 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 IEFV track?**

IEFV tracks the MSCI Europe Enhanced Value — large and medium-sized European companies.

**Is IEFV accumulating or distributing?**

IEFV 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 IEFV?**

The ISIN of IEFV is IE00BQN1K901. An ISIN identifies one exact share class of a fund; IEFV is its ticker on the London Stock Exchange. The same share class is also listed as IEVL (London Stock Exchange, euros) and CEMS (Xetra, euros).

**What does IEFV hold?**

As of 06/11/2026, IEFV holds 145 positions, according to its published holdings. The largest is Sanofi at 4.63% of the fund; the ten largest make up 30.3%. Its ten largest holdings are Sanofi (4.63%), Siemens (3.96%), Bayer (3.76%), British American Tobacco p.l.c (3.53%), GSK (3.07%), HSBC (2.72%), BNP Paribas (2.48%), Banco Santander (2.17%), Dhl (1.98%) and Vinci (1.96%).

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

Calendar-year returns of IEFV in pounds (price, with income reinvested in the fund): 2022 +1.5%, 2023 +11.4%, 2024 +5.2%, 2025 +43.5%; 2026 to 13/11/2026 +12.8%. Past performance is not a guide to future returns.

**How has IEFV done after inflation?**

Over the five years to 13/11/2026 IEFV’s total return was +91.3%, or +49.3% 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/272058/ishares-msci-europe-value-factor-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-edge-msci-europe-value-factor-ucits-etf-eur-acc-gb-ie00bqn1k901-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ievl-ishares-edge-msci-europe-value-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.