# State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR (MTRL) **Source:** https://fundology.uk/fund/mtrl · ISIN IE00BKWQ0L68 · 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, MTRL (State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR, ISIN IE00BKWQ0L68) closed at €377.33 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 30/09/2026 its total return was +42.2%, or +11.1% after UK CPIH inflation. ## Summary State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR is an exchange-traded fund (ETF) from SPDR, launched in 2014. It tracks the MSCI Europe Materials 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: **€377.33** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | MTRL | | ISIN | IE00BKWQ0L68 | | Category | Single sectors | | Type | ETF | | Provider | SPDR | | Tracks | MSCI Europe Materials 35/20 Capped Index - EUR - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.18% a year (£18 per £10,000) | | Fund size | £67.1m | | Launched | 2014 | | 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 | +22.11% | +18.28% | income reinvested | | 3 years | +38.17% | +24.68% | income reinvested | | 5 years | +42.15% | +11.12% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR in pounds (price, with income reinvested in the fund): 2022 −3.2%, 2023 +9.8%, 2024 −6.9%, 2025 +16.8%; 2026 to 30/09/2026 +14.6%. Returns of State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +23.0%; to 30/09/2025: −3.3%; to 30/09/2024: +16.0%; to 30/09/2023: +11.1%; to 30/09/2022: −8.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.2% | -11.4% | Price | | 2023 | +9.8% | +5.5% | Price | | 2024 | -6.9% | -10.1% | Price | | 2025 | +16.8% | +12.8% | Price | | 2026 to 30/09/2026 | +14.6% | +11.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 17.22% | -12.65% | | 3 years | 16.22% | -16.38% | | 5 years | 17.36% | -17.32% | ## Largest fall Volatility of State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR in pounds, annualised from weekly returns to 30/09/2026: 17.2% over 1 year, 16.2% over 3 years, 17.4% over 5 years. Largest fall in the price of State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR since October 2021, in pounds: −17.3% from 15/04/2022 to 15/07/2022. The lowest 12-month return of State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR in pounds (price, with income reinvested in the fund) since January 2021 was −12.8% (12 months to 15/07/2022); the highest was +35.9% (12 months to 10/04/2026). On 30/09/2026 the price of State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR was 3.5% below its highest weekly close since October 2021 (21/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of State Street SPDR MSCI Europe Materials UCITS ETF Acc Ptg EUR 0.18% a year, as of 01/10/2026: 95 of the 141 other single-sector funds charge more, 15 the same and 31 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.18%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | Air Liquide | 16.25% | | Rio Tinto | 13.54% | | Glencore | 9.32% | | Anglo American | 7.70% | | Basf | 6.68% | | Holcim | 5.48% | | Givaudan | 5.07% | | Sika | 4.52% | | ArcelorMittal | 3.86% | | Novonesis · Class B | 3.02% | ## 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 country Added up from the holdings SPDR publishes, as of 30/09/2026. | Country | Weight | |---|---| | United Kingdom | 35.4% | | France | 20.1% | | Switzerland | 16.0% | | Germany | 12.2% | | Netherlands | 3.8% | | Denmark | 3.0% | | Sweden | 2.9% | | Finland | 2.9% | | Other countries | 3.7% | All 27 holdings: https://fundology.uk/fund/mtrl/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.