# iShares European Property Yield UCITS ETF EUR (IPRP)

**Page:** https://fundology.uk/fund/iprp · ISIN IE00B0M63284

## 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, IPRP (iShares European Property Yield UCITS ETF EUR, ISIN IE00B0M63284) closed at £23.37 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was −27.8%, or −43.6% after UK CPIH inflation.

## Summary

iShares European Property Yield UCITS ETF EUR is an exchange-traded fund (ETF) from iShares, launched in 2005. It tracks the FTSE EPRA Nareit Developed Europe x UK Dividend+. 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: **£23.37** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IPRP |
| ISIN | IE00B0M63284 |
| Also listed as | IQQP (Xetra, euros) |
| Category | Property & infrastructure |
| Type | ETF |
| Provider | iShares |
| Tracks | FTSE EPRA Nareit Developed Europe x UK Dividend+ |
| Income | Distributing |
| Ongoing charge | 0.40% a year (£40 per £10,000) |
| Fund size | £635m |
| 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 | -10.40% | -13.57% | income reinvested |
| 3 years | +17.19% | +5.88% | income reinvested |
| 5 years | -27.77% | -43.62% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares European Property Yield UCITS ETF EUR in pounds (price only, income paid out not included): 2022 −36.1%, 2023 +11.8%, 2024 −7.6%, 2025 +9.6%; 2026 to 13/11/2026 −11.0%. Returns of iShares European Property Yield UCITS ETF EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −13.7%; to 30/09/2025: −1.9%; to 30/09/2024: +26.1%; to 30/09/2023: −2.5%; to 30/09/2022: −39.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -36.1% | -41.5% | Price |
| 2023 | +11.8% | +7.3% | Price |
| 2024 | -7.6% | -10.8% | Price |
| 2025 | +9.6% | +5.8% | Price |
| 2026 to 13/11/2026 | -11.0% | -13.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.02% | -26.91% |
| 3 years | 17.06% | -26.91% |
| 5 years | 21.00% | -49.05% |

## Largest fall

Volatility of iShares European Property Yield UCITS ETF EUR in pounds, annualised from weekly returns to 13/11/2026: 19.0% over 1 year, 17.1% over 3 years, 21.0% over 5 years. Largest fall in the price of iShares European Property Yield UCITS ETF EUR since November 2021, in pounds: −49.0% from 19/11/2021 to 23/06/2023. The lowest 12-month return of iShares European Property Yield UCITS ETF EUR in pounds (price only, income paid out not included) since January 2021 was −44.1% (12 months to 14/10/2022); the highest was +30.3% (12 months to 18/10/2024). On 13/11/2026 the price of iShares European Property Yield UCITS ETF EUR was 38.3% below its highest weekly close since November 2021 (19/11/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares European Property Yield UCITS ETF EUR 0.40% a year. Compared on 14/11/2026, 25 of the 45 other property and infrastructure funds charge more, 9 the same and 11 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.40%** 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, IPRP holds 59 positions, according to its published holdings. The largest is Vonovia at 10.09% of the fund; the ten largest make up 60.4%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Vonovia | [VNA](https://fundology.uk/stock/VNA) | 10.09% |
| 2 | Swiss Prime Site | [SPSN](https://fundology.uk/stock/SPSN) | 9.49% |
| 3 | Unibail Rodamco We Stapled Units | — | 9.00% |
| 4 | Klepierre | [LI](https://fundology.uk/stock/LI) | 6.68% |
| 5 | PSP Swiss Property | [PSPN](https://fundology.uk/stock/PSPN) | 6.35% |
| 6 | Aedifica | [AED](https://fundology.uk/stock/AED) | 5.01% |
| 7 | Merlin Properties REIT | — | 4.09% |
| 8 | Warehouses De Pauw | [WDP](https://fundology.uk/stock/WDP) | 3.37% |
| 9 | LEG Immobilien | [LEG](https://fundology.uk/stock/LEG) | 3.19% |
| 10 | Castellum | [CAST](https://fundology.uk/stock/CAST) | 3.13% |

## 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 |
|---|---|
| Real Estate Holding and Development | 54.5% |
| Retail Reits | 19.8% |
| Office REITs | 7.5% |
| Diversified Reits | 4.7% |
| Residential Reits | 2.0% |
| Cash and derivatives | 0.8% |
| Other | 10.7% |

### By country

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

| Country | Weight |
|---|---|
| France | 23.9% |
| Switzerland | 21.9% |
| Germany | 17.4% |
| Belgium | 13.4% |
| Sweden | 12.5% |
| Spain | 5.7% |
| Netherlands | 1.6% |
| Finland | 1.0% |
| Other countries | 2.5% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.2% |
| Cash and money market | 0.8% |

All 65 holdings: https://fundology.uk/fund/iprp/holdings

## Questions people ask

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

The ongoing charge of IPRP is 0.40% a year — about £40 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 European Property Yield UCITS ETF EUR 0.40% a year. Compared on 14/11/2026, 25 of the 45 other property and infrastructure funds charge more, 9 the same and 11 less (share classes counted once).

**What does IPRP track?**

IPRP tracks the FTSE EPRA Nareit Developed Europe x UK Dividend+.

**Is IPRP accumulating or distributing?**

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

**What is the ISIN of IPRP?**

The ISIN of IPRP is IE00B0M63284. An ISIN identifies one exact share class of a fund; IPRP is its ticker on the London Stock Exchange. The same share class is also listed as IQQP (Xetra, euros).

**What does IPRP hold?**

As of 06/11/2026, IPRP holds 59 positions, according to its published holdings. The largest is Vonovia at 10.09% of the fund; the ten largest make up 60.4%. Its ten largest holdings are Vonovia (10.09%), Swiss Prime Site (9.49%), Unibail Rodamco We Stapled Units (9.00%), Klepierre (6.68%), PSP Swiss Property (6.35%), Aedifica (5.01%), Merlin Properties REIT (4.09%), Warehouses De Pauw (3.37%), LEG Immobilien (3.19%) and Castellum (3.13%).

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

Calendar-year returns of IPRP in pounds (price only, income paid out not included): 2022 −36.1%, 2023 +11.8%, 2024 −7.6%, 2025 +9.6%; 2026 to 13/11/2026 −11.0%. Past performance is not a guide to future returns.

**How has IPRP done after inflation?**

Over the five years to 13/11/2026 IPRP’s total return was −27.8%, or −43.6% 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/251808/ishares-european-property-yield-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-european-property-yield-ucits-etf-eur-dist-gb-ie00b0m63284-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iprp-ishares-european-property-yield-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.