# BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF Capitalisation (MUGB)

**Page:** https://fundology.uk/fund/mugb · ISIN LU1291098827

## 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, MUGB (BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF Capitalisation, ISIN LU1291098827) closed at £17.40 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +55.0%, or +21.0% after UK CPIH inflation.

## Summary

BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF Capitalisation is an exchange-traded fund (ETF) from BNP Paribas, launched in 2016. It tracks the MSCI EMU ESG Filtered Min TE Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.15% a year — about £15 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: **£17.40** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | MUGB |
| ISIN | LU1291098827 |
| Also listed as | EEMU (London Stock Exchange, euros), EMUX (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | BNP Paribas |
| Tracks | MSCI EMU ESG Filtered Min TE Index |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £1.1bn |
| Launched | 2016 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2022 |

## 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 | +9.77% | +5.88% | income reinvested |
| 5 years | +54.98% | +20.97% | income reinvested |

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

## Charges compared with similar funds

Ongoing charge of BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF Capitalisation 0.15% a year. Compared on 14/11/2026, 162 of the 242 other European share funds charge more, 13 the same and 67 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** 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 14/09/2026, MUGB holds 199 positions, according to its published holdings. The largest is ASML at 8.31% of the fund; the ten largest make up 30.2%.

### Top holdings

Largest positions (as of 14/09/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 8.31% |
| 2 | SAP | [SAP](https://fundology.uk/stock/SAP) | 2.99% |
| 3 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 2.96% |
| 4 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 2.79% |
| 5 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 2.69% |
| 6 | Schneider Electric | [SU](https://fundology.uk/stock/SU) | 2.31% |
| 7 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 2.26% |
| 8 | Banco Bilbao Vizcaya Argentaria | [BBVA](https://fundology.uk/stock/BBVA) | 2.16% |
| 9 | Iberdrola | [IBE](https://fundology.uk/stock/IBE) | 2.00% |
| 10 | UniCredit | [UCG](https://fundology.uk/stock/UCG) | 1.76% |

## 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 14/09/2026.

| Country | Weight |
|---|---|
| France | 24.7% |
| Germany | 23.8% |
| Netherlands | 19.8% |
| Spain | 11.9% |
| Italy | 8.6% |
| Finland | 4.1% |
| Belgium | 2.6% |
| Ireland | 1.5% |
| Other countries | 2.9% |

All 199 holdings: https://fundology.uk/fund/mugb/holdings

## Questions people ask

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

The ongoing charge of MUGB is 0.15% a year — about £15 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 BNP Paribas Easy MSCI EMU ESG Filtered Min TE UCITS ETF Capitalisation 0.15% a year. Compared on 14/11/2026, 162 of the 242 other European share funds charge more, 13 the same and 67 less (share classes counted once).

**What does MUGB track?**

MUGB tracks the MSCI EMU ESG Filtered Min TE Index.

**Is MUGB accumulating or distributing?**

MUGB 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 MUGB?**

The ISIN of MUGB is LU1291098827. An ISIN identifies one exact share class of a fund; MUGB is its ticker on the London Stock Exchange. The same share class is also listed as EEMU (London Stock Exchange, euros) and EMUX (Xetra, euros).

**What does MUGB hold?**

As of 14/09/2026, MUGB holds 199 positions, according to its published holdings. The largest is ASML at 8.31% of the fund; the ten largest make up 30.2%. Its ten largest holdings are ASML (8.31%), SAP (2.99%), Siemens (2.96%), Allianz (2.79%), Banco Santander (2.69%), Schneider Electric (2.31%), TotalEnergies (2.26%), Banco Bilbao Vizcaya Argentaria (2.16%), Iberdrola (2.00%) and UniCredit (1.76%).

**How has MUGB done after inflation?**

Over the five years to 13/11/2026 MUGB’s total return was +55.0%, or +21.0% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at BNP Paribas Asset Management](https://www.bnpparibas-am.com/en-gb/fundsheet/equity/bnp-paribas-easy-msci-emu-min-te-ucits-etf-c-lu1291098827)
- 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.