# iShares MSCI EMU IMI Screened UCITS ETF (SAUM)

**Page:** https://fundology.uk/fund/saum · ISIN IE00BFNM3B99

## 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, SAUM (iShares MSCI EMU IMI Screened UCITS ETF, ISIN IE00BFNM3B99) closed at £9.53 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 13/11/2026 its total return was +54.8%, or +20.8% after UK CPIH inflation.

## Summary

iShares MSCI EMU IMI Screened UCITS ETF Accum Shs EUR is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the MSCI EMU Screened Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.12% a year — about £12 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: **£9.53** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SAUM |
| ISIN | IE00BFNM3B99 |
| Also listed as | SLMA (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI EMU Screened Index |
| Income | Accumulating |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £1.3bn |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/10/2018 |

## 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 | +9.33% | +5.45% | income reinvested |
| 3 years | +57.07% | +41.91% | income reinvested |
| 5 years | +54.76% | +20.80% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares MSCI EMU IMI Screened UCITS ETF Accum Shs EUR in pounds (price, with income reinvested in the fund): 2022 −7.4%, 2023 +17.3%, 2024 +4.2%, 2025 +30.0%; 2026 to 13/11/2026 +7.7%. Returns of iShares MSCI EMU IMI Screened UCITS ETF Accum Shs EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +12.2%; to 30/09/2025: +20.0%; to 30/09/2024: +18.0%; to 30/09/2023: +23.6%; to 30/09/2022: −15.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.4% | -15.2% | Price |
| 2023 | +17.3% | +12.6% | Price |
| 2024 | +4.2% | +0.7% | Price |
| 2025 | +30.0% | +25.5% | Price |
| 2026 to 13/11/2026 | +7.7% | +4.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 15.09% | -10.89% |
| 3 years | 13.74% | -10.89% |
| 5 years | 15.89% | -21.31% |

## Largest fall

Volatility of iShares MSCI EMU IMI Screened UCITS ETF Accum Shs EUR in pounds, annualised from weekly returns to 13/11/2026: 15.1% over 1 year, 13.7% over 3 years, 15.9% over 5 years. Largest fall in the price of iShares MSCI EMU IMI Screened UCITS ETF Accum Shs EUR since November 2021, in pounds: −20.1% from 19/11/2021 to 30/09/2022. The lowest 12-month return of iShares MSCI EMU IMI Screened UCITS ETF Accum Shs EUR in pounds (price, with income reinvested in the fund) since January 2021 was −16.7% (12 months to 14/10/2022); the highest was +30.0% (12 months to 02/01/2026). On 13/11/2026 the price of iShares MSCI EMU IMI Screened UCITS ETF Accum Shs EUR was 3.8% below its highest weekly close since November 2021 (14/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI EMU IMI Screened UCITS ETF Accum Shs EUR 0.12% a year. Compared on 14/11/2026, 187 of the 242 other European share funds charge more, 17 the same and 38 less (share classes counted once).

## Funds tracking the same index

2 funds track MSCI EMU Screened Index, this one included and share classes counted once; their ongoing charges range from 0.12% to 0.12% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares MSCI EMU IMI Screened UCITS ETF Accum Shs EUR (this fund) | 0.12% | +9.3% | +57.1% | +54.8% |
| iShares MSCI EMU IMI Screened UCITS ETF Shs EUR | 0.12% | +9.3% | +57.1% | +55.0% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.12%** 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 06/11/2026, SAUM holds 204 positions, according to its published holdings. The largest is ASML at 8.35% of the fund; the ten largest make up 31.7%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 8.35% |
| 2 | SAP | [SAP](https://fundology.uk/stock/SAP) | 3.58% |
| 3 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 3.20% |
| 4 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 2.88% |
| 5 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 2.59% |
| 6 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 2.56% |
| 7 | Iberdrola | [IBE](https://fundology.uk/stock/IBE) | 2.35% |
| 8 | Banco Bilbao Vizcaya Argentaria | [BBVA](https://fundology.uk/stock/BBVA) | 2.13% |
| 9 | Schneider Electric | [SU](https://fundology.uk/stock/SU) | 2.10% |
| 10 | Lair Liquide Societe Anonyme Pour | — | 1.96% |

## 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 |
|---|---|
| Financials | 28.9% |
| Information Technology | 15.8% |
| Industrials | 14.9% |
| Consumer Discretionary | 7.6% |
| Utilities | 7.2% |
| Health Care | 6.4% |
| Consumer Staples | 5.9% |
| Materials | 4.7% |
| Other sectors | 8.6% |

### By country

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

| Country | Weight |
|---|---|
| France | 26.1% |
| Germany | 24.8% |
| Netherlands | 17.0% |
| Spain | 10.9% |
| Italy | 10.1% |
| Belgium | 3.8% |
| Finland | 3.6% |
| Ireland | 1.4% |
| Other countries | 2.4% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.4% |
| Cash and money market | 0.5% |

All 208 holdings: https://fundology.uk/fund/saum/holdings

## Questions people ask

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

The ongoing charge of SAUM is 0.12% a year — about £12 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 EMU IMI Screened UCITS ETF Accum Shs EUR 0.12% a year. Compared on 14/11/2026, 187 of the 242 other European share funds charge more, 17 the same and 38 less (share classes counted once).

**What does SAUM track?**

SAUM tracks the MSCI EMU Screened Index.

**Is SAUM accumulating or distributing?**

SAUM 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 SAUM?**

The ISIN of SAUM is IE00BFNM3B99. An ISIN identifies one exact share class of a fund; SAUM is its ticker on the London Stock Exchange. The same share class is also listed as SLMA (Xetra, euros).

**What does SAUM hold?**

As of 06/11/2026, SAUM holds 204 positions, according to its published holdings. The largest is ASML at 8.35% of the fund; the ten largest make up 31.7%. Its ten largest holdings are ASML (8.35%), SAP (3.58%), Siemens (3.20%), Allianz (2.88%), TotalEnergies (2.59%), Banco Santander (2.56%), Iberdrola (2.35%), Banco Bilbao Vizcaya Argentaria (2.13%), Schneider Electric (2.10%) and Lair Liquide Societe Anonyme Pour (1.96%).

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

Calendar-year returns of SAUM in pounds (price, with income reinvested in the fund): 2022 −7.4%, 2023 +17.3%, 2024 +4.2%, 2025 +30.0%; 2026 to 13/11/2026 +7.7%. Past performance is not a guide to future returns.

**How has SAUM done after inflation?**

Over the five years to 13/11/2026 SAUM’s total return was +54.8%, or +20.8% 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/305392/ishares-msci-emu-screened-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-emu-screened-ucits-etf-eur-acc-gb-ie00bfnm3b99-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/saum-ishares-msci-emu-screened-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.