# State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR (ITEC)

**Page:** https://fundology.uk/fund/itec · ISIN IE00BKWQ0K51

## 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, ITEC (State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR, ISIN IE00BKWQ0K51) closed at €193.23 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 13/11/2026 its total return was +48.1%, or +15.6% after UK CPIH inflation.

## Summary

State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR is an exchange-traded fund (ETF) from SPDR, launched in 2014. It tracks the MSCI Europe Information Technology 35/20 Capped Index - EUR - Benchmark TR Net — 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 0.18% a year — about £18 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: **€193.23** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | ITEC |
| ISIN | IE00BKWQ0K51 |
| Also listed as | SPYK (Xetra, euros) |
| Category | Technology |
| Type | ETF |
| Provider | SPDR |
| Tracks | MSCI Europe Information Technology 35/20 Capped Index - EUR - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £152m |
| Launched | 2014 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 08/12/2014 |

## 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 | +26.03% | +21.56% | income reinvested |
| 3 years | +69.23% | +52.90% | income reinvested |
| 5 years | +48.12% | +15.62% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR in pounds (price, with income reinvested in the fund): 2022 −24.2%, 2023 +32.3%, 2024 +3.6%, 2025 +18.2%; 2026 to 13/11/2026 +22.9%. Returns of State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +41.9%; to 30/09/2025: +12.0%; to 30/09/2024: +26.7%; to 30/09/2023: +20.4%; to 30/09/2022: −26.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -24.2% | -30.6% | Price |
| 2023 | +32.3% | +27.0% | Price |
| 2024 | +3.6% | +0.1% | Price |
| 2025 | +18.2% | +14.1% | Price |
| 2026 to 13/11/2026 | +22.9% | +19.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 25.77% | -18.05% |
| 3 years | 24.47% | -21.81% |
| 5 years | 25.65% | -35.78% |

## Largest fall

Volatility of State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR in pounds, annualised from weekly returns to 13/11/2026: 25.8% over 1 year, 24.5% over 3 years, 25.6% over 5 years. Largest fall in the price of State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR since November 2021, in pounds: −35.8% from 19/11/2021 to 14/10/2022. The lowest 12-month return of State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR in pounds (price, with income reinvested in the fund) since January 2021 was −33.1% (12 months to 23/09/2022); the highest was +66.5% (12 months to 19/06/2026). On 13/11/2026 the price of State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR was 14.9% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR 0.18% a year. Compared on 14/11/2026, 111 of the 119 other technology funds charge more, 2 the same and 6 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** 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 05/11/2026, ITEC holds 16 positions, according to its published holdings. The largest is ASML at 32.36% of the fund; the ten largest make up 90.4%.

### Top holdings

Largest positions (as of 05/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 32.36% |
| 2 | SAP | [SAP](https://fundology.uk/stock/SAP) | 21.12% |
| 3 | Infineon Technologies | [IFX](https://fundology.uk/stock/IFX) | 9.61% |
| 4 | Nokia | [NOKIA](https://fundology.uk/stock/NOKIA) | 5.51% |
| 5 | ASM International | [ASM](https://fundology.uk/stock/ASM) | 4.77% |
| 6 | Telefonaktiebolaget LM Ericsson · Class B | [ERIC_A](https://fundology.uk/stock/ERIC_A) | 3.96% |
| 7 | STMicroelectronics | [STMPA](https://fundology.uk/stock/STMPA) | 3.75% |
| 8 | Hexagon · Class B | [HEXA_B](https://fundology.uk/stock/HEXA_B) | 3.29% |
| 9 | Capgemini | [CAP](https://fundology.uk/stock/CAP) | 3.20% |
| 10 | Dassault Systemes | [DSY](https://fundology.uk/stock/DSY) | 2.81% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By country

Added up from the fund’s published holdings, as of 05/11/2026.

| Country | Weight |
|---|---|
| Netherlands | 38.7% |
| Germany | 31.4% |
| France | 9.8% |
| Sweden | 7.3% |
| Finland | 5.5% |
| United Kingdom | 4.5% |
| Switzerland | 2.0% |
| Spain | 0.9% |

All 16 holdings: https://fundology.uk/fund/itec/holdings

## Questions people ask

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

The ongoing charge of ITEC is 0.18% a year — about £18 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 State Street SPDR MSCI Europe Technology UCITS ETF Accum Ptg EUR 0.18% a year. Compared on 14/11/2026, 111 of the 119 other technology funds charge more, 2 the same and 6 less (share classes counted once).

**What does ITEC track?**

ITEC tracks the MSCI Europe Information Technology 35/20 Capped Index - EUR - Benchmark TR Net — large and medium-sized European companies.

**Is ITEC accumulating or distributing?**

ITEC 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 ITEC?**

The ISIN of ITEC is IE00BKWQ0K51. An ISIN identifies one exact share class of a fund; ITEC is its ticker on the London Stock Exchange. The same share class is also listed as SPYK (Xetra, euros).

**What does ITEC hold?**

As of 05/11/2026, ITEC holds 16 positions, according to its published holdings. The largest is ASML at 32.36% of the fund; the ten largest make up 90.4%. Its ten largest holdings are ASML (32.36%), SAP (21.12%), Infineon Technologies (9.61%), Nokia (5.51%), ASM International (4.77%), Telefonaktiebolaget LM Ericsson · Class B (3.96%), STMicroelectronics (3.75%), Hexagon · Class B (3.29%), Capgemini (3.20%) and Dassault Systemes (2.81%).

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

Calendar-year returns of ITEC in pounds (price, with income reinvested in the fund): 2022 −24.2%, 2023 +32.3%, 2024 +3.6%, 2025 +18.2%; 2026 to 13/11/2026 +22.9%. Past performance is not a guide to future returns.

**How has ITEC done after inflation?**

Over the five years to 13/11/2026 ITEC’s total return was +48.1%, or +15.6% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at State Street Global Advisors](https://www.ssga.com/uk/en_gb/intermediary/etfs/state-street-spdr-msci-europe-technology-ucits-etf-stk-fp)
- [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00BKWQ0K51&documentType=kiid&country=uk&language=en_gb&ticker=stk-fp)
- [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-stk-fp.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.