# iShares MSCI Europe ex-UK UCITS ETF (IEUX) **Source:** https://fundology.uk/fund/ieux · ISIN IE00B14X4N27 · Data: TradingView (LSE closes and returns, delayed), issuer documents, 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 30/09/2026, IEUX (iShares MSCI Europe ex-UK UCITS ETF, ISIN IE00B14X4N27) closed at £46.50 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 30/09/2026 its total return was +55.6%, or +21.6% after UK CPIH inflation. ## Summary iShares MSCI Europe ex-UK UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2006. It tracks the MSCI Europe ex UK — 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 0.4% a year — about £40 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: **£46.50** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | IEUX | | ISIN | IE00B14X4N27 | | Category | European shares | | Type | ETF | | Provider | iShares | | Tracks | MSCI Europe ex UK | | Income | Distributing | | Ongoing charge | 0.40% a year (£40 per £10,000) | | Fund size | £861m | | Launched | 2006 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) 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 | +14.78% | +11.17% | income reinvested | | 3 years | +49.64% | +35.03% | income reinvested | | 5 years | +55.60% | +21.64% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares MSCI Europe ex-UK UCITS ETF in pounds (price only, income paid out not included): 2022 −9.2%, 2023 +12.1%, 2024 −0.6%, 2025 +22.5%; 2026 to 30/09/2026 +5.5%. Returns of iShares MSCI Europe ex-UK UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +11.8%; to 30/09/2025: +9.4%; to 30/09/2024: +13.3%; to 30/09/2023: +16.3%; to 30/09/2022: −16.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -9.2% | -16.9% | Price | | 2023 | +12.1% | +7.7% | Price | | 2024 | -0.6% | -4.0% | Price | | 2025 | +22.5% | +18.3% | Price | | 2026 to 30/09/2026 | +5.5% | +2.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 13.83% | -10.82% | | 3 years | 13.23% | -10.82% | | 5 years | 14.87% | -20.43% | ## Largest fall Volatility of iShares MSCI Europe ex-UK UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 13.8% over 1 year, 13.2% over 3 years, 14.9% over 5 years. Largest fall in the price of iShares MSCI Europe ex-UK UCITS ETF since October 2021, in pounds: −20.4% from 12/11/2021 to 30/09/2022. The lowest 12-month return of iShares MSCI Europe ex-UK UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −15.7% (12 months to 14/10/2022); the highest was +24.4% (12 months to 17/04/2026). On 30/09/2026 the price of iShares MSCI Europe ex-UK UCITS ETF was 4.4% below its highest weekly close since October 2021 (07/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares MSCI Europe ex-UK UCITS ETF 0.40% a year, as of 01/10/2026: 29 of the 225 other European share funds charge more, 9 the same and 187 less (share classes counted once). ## Funds tracking the same index 2 funds track MSCI Europe ex UK, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.40% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco MSCI Europe ex-UK UCITS ETF | 0.20% | +14.7% | +45.9% | +53.4% | | iShares MSCI Europe ex-UK UCITS ETF (this fund) | 0.40% | +14.8% | +49.6% | +55.6% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.40%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | ASML | 6.59% | | Roche Ps Par | 2.75% | | Novartis | 2.48% | | Nestle | 2.20% | | Siemens N | 2.16% | | SAP | 1.99% | | Banco Santander | 1.88% | | Schneider Electric | 1.73% | | Allianz | 1.70% | | TotalEnergies | 1.60% | ## 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 sector As published by iShares, as of 29/09/2026. | Sector | Weight | |---|---| | Financials | 25.1% | | Industrials | 20.2% | | Health Care | 12.6% | | Information Technology | 12.2% | | Consumer Discretionary | 6.6% | | Consumer Staples | 6.5% | | Utilities | 4.7% | | Materials | 4.5% | | Other sectors | 7.7% | ### By country As published by iShares, as of 29/09/2026. | Country | Weight | |---|---| | France | 19.0% | | Switzerland | 18.2% | | Germany | 17.5% | | Netherlands | 12.1% | | Spain | 8.1% | | Sweden | 6.8% | | Italy | 6.6% | | Denmark | 3.1% | | Other countries | 8.6% | ### By type of asset Added up from the holdings iShares publishes, as of 29/09/2026. | Type of asset | Weight | |---|---| | Equity | 99.4% | | Cash and money market | 0.6% | All 328 holdings: https://fundology.uk/fund/ieux/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.