ETF · iShares
ISFE iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD
ISIN IE00B2QWDR12London Stock Exchange: ISFEBlackRock, Inc.
- Smaller companies
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£30.17
on
- Ongoing charge
- 0.74% a year
- Fund size
- £49.3m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, ISFE (iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD, ISIN IE00B2QWDR12) closed at £30.17 on the London Stock Exchange. Its ongoing charge is 0.74% a year (about £74 on £10,000). Over the five years to 13/11/2026 its total return was +25.3%, or −2.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +5.9%
- +2.1% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +39.6%
- +26.1% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +25.3%
- −2.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,253 on 13/11/2026 — about £978 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD in pounds (price only, income paid out not included): 2022 −15.7%, 2023 +3.1%, 2024 −0.2%, 2025 +20.2%; 2026 to 13/11/2026 +3.5%. Returns of iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +19.4%; to 30/09/2025: +17.5%; to 30/09/2024: +3.1%; to 30/09/2023: +5.5%; to 30/09/2022: −15.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +3.5% | +0.2% | |
| to | +20.2% | +16.0% | |
| to | −0.2% | −3.6% | |
| +3.1% | −1.0% | ||
| −15.7% | −22.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +19.4% | +15.2% |
| from | +17.5% | +12.9% |
| from | +3.1% | +0.5% |
| from | +5.5% | −0.8% |
| from | −15.0% | −21.9% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
16.5%over 5 years
| 1 year | 22.6% |
|---|---|
| 3 years | 17.4% |
| 5 years | 16.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −24.3%
- From to
- Lowest 12-month return
- −23.1%
- 12 months to
- Highest 12-month return
- +62.8%
- 12 months to
- Below its highest weekly close since November 2021
- 17.0%
- High of , latest
In words: Volatility of iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 22.6% over 1 year, 17.4% over 3 years, 16.5% over 5 years. Largest fall in the price of iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD since November 2021, in pounds: −24.3% from 10/12/2021 to 28/10/2022. The lowest 12-month return of iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −23.1% (12 months to 28/10/2022); the highest was +62.8% (12 months to 17/04/2026). On 13/11/2026 the price of iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD was 17.0% below its highest weekly close since November 2021 (08/05/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.74%
- a year
- On £10,000
- £74
- a year, roughly
- Over five years
- £365
- of £10,000, before growth
- 34 charge less
- 1 the same
- 1 charge more
Ongoing charge of iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD 0.74% a year. Compared on 14/11/2026, 1 of the 36 other smaller-company funds charge more, 1 the same and 34 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares MSCI AC Far East ex-Japan SmallCap UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2008.
It tracks the MSCI AC Far East ex Japan Small Cap Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.74% a year — about £74 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.
Smaller companies: Smaller firms, which can grow faster than large ones but whose prices usually swing more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- ISFE
- ISIN
- IE00B2QWDR12
- Provider
- iShares
- Tracks
- MSCI AC Far East ex Japan Small Cap Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.74% a year · about £74 on £10,000
- Fund size
- £49.3m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Smaller companies
Price chart
Over the last year, the closing price went from £29.78 on 14/11/2025 to £30.17 on 13/11/2026 (+1.3%). The lowest close shown was £28.40 on 21/11/2025 and the highest £36.36 on 08/05/2026.
One close a week. Before 28/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Weeks missing from our record are filled from the same history. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 1,031
- 1,068 reported in all
- Ten largest
- 6.3%
- of the whole fund
- Effective number of holdings
- 532
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.8%
- Taiwan Union Technology
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Taiwan Union Technology6274Information Technology | 0.75% |
| 2 | Samsung E&A028050Industrials | 0.74% |
| 3 | Kinsus Interconnect Technology3189Information Technology | 0.69% |
| 4 | Nan Ya Printed Circuit Board8046Information Technology | 0.68% |
| 5 | Powerchip Semiconductor Manufacturing6770Information Technology | 0.65% |
| 6 | Tripod Technology3044Information Technology | 0.61% |
| 7 | Taiwan CementMaterials | 0.55% |
| 8 | Compeq Manufacturing2313Information Technology | 0.54% |
| 9 | International Games System3293Communication Services | 0.54% |
| 10 | Auo2409Information Technology | 0.52% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Information Technology30.7%
- Industrials16.9%
- Consumer Discretionary8.8%
- Real Estate8.3%
- Health Care7.9%
- Materials7.0%
- Financials6.3%
- Consumer Staples5.5%
- Other sectors8.6%
By country
- Taiwan37.7%
- South Korea21.1%
- China15.1%
- Singapore8.0%
- Hong Kong5.5%
- Malaysia4.6%
- Thailand4.5%
- Indonesia1.7%
- Other countries1.8%
By type of asset
- Equity99.6%
- Cash and money market0.4%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 1,068 holdings; the ten largest make up 6.3% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of ISFE?
The ongoing charge of ISFE is 0.74% a year — about £74 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 MSCI AC Far East ex-Japan SmallCap UCITS ETF USD 0.74% a year. Compared on 14/11/2026, 1 of the 36 other smaller-company funds charge more, 1 the same and 34 less (share classes counted once).
What does ISFE track?
ISFE tracks the MSCI AC Far East ex Japan Small Cap Index.
Is ISFE accumulating or distributing?
ISFE is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.
What is the ISIN of ISFE?
The ISIN of ISFE is IE00B2QWDR12. An ISIN identifies one exact share class of a fund; ISFE is its ticker on the London Stock Exchange.
What does ISFE hold?
As of 06/11/2026, ISFE holds 1,068 positions, according to its published holdings. The largest is Taiwan Union Technology at 0.75% of the fund; the ten largest make up 6.3%. Its ten largest holdings are Taiwan Union Technology (0.75%), Samsung E&A (0.74%), Kinsus Interconnect Technology (0.69%), Nan Ya Printed Circuit Board (0.68%), Powerchip Semiconductor Manufacturing (0.65%), Tripod Technology (0.61%), Taiwan Cement (0.55%), Compeq Manufacturing (0.54%), International Games System (0.54%) and Auo (0.52%).
What were ISFE’s returns in each of the last five years?
Calendar-year returns of ISFE in pounds (price only, income paid out not included): 2022 −15.7%, 2023 +3.1%, 2024 −0.2%, 2025 +20.2%; 2026 to 13/11/2026 +3.5%. Past performance is not a guide to future returns.
How has ISFE done after inflation?
Over the five years to 13/11/2026 ISFE’s total return was +25.3%, or −2.2% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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