ETF · iShares
SMEA iShares Core MSCI Europe UCITS ETF EUR (Acc)
ISIN IE00B4K48X80London Stock Exchange: SMEABlackRock, Inc.
- European shares
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£90.29
on
- Ongoing charge
- 0.12% a year
- Fund size
- £14bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, SMEA (iShares Core MSCI Europe UCITS ETF EUR (Acc), ISIN IE00B4K48X80) closed at £90.29 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 +56.0%, or +21.8% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +11.4%
- +7.5% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +54.3%
- +39.4% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +56.0%
- +21.8% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,560 on 13/11/2026 — about £1,218 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 Core MSCI Europe UCITS ETF EUR (Acc) in pounds (price, with income reinvested in the fund): 2022 −3.5%, 2025 +26.4%; 2026 to 13/11/2026 +9.7%. Returns of iShares Core MSCI Europe UCITS ETF EUR (Acc) in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +12.2%; to 30/09/2025: +16.0%; to 30/09/2023: +18.0%; to 30/09/2022: −7.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +9.7% | +6.2% | |
| to | +26.4% | +22.0% | |
| −3.5% | −11.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +12.2% | +8.2% |
| from | +16.0% | +11.5% |
| from | +18.0% | +10.9% |
| from | −7.8% | −15.3% |
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)
14.7%over 5 years
| 1 year | 13.0% |
|---|---|
| 3 years | 14.0% |
| 5 years | 14.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −14.0%
- From to
- Lowest 12-month return
- −10.1%
- 12 months to
- Highest 12-month return
- +29.6%
- 12 months to
- Below its highest weekly close since November 2021
- 1.6%
- High of , latest
In words: Volatility of iShares Core MSCI Europe UCITS ETF EUR (Acc) in pounds, annualised from weekly returns to 13/11/2026: 13.0% over 1 year, 14.0% over 3 years, 14.7% over 5 years. Largest fall in the price of iShares Core MSCI Europe UCITS ETF EUR (Acc) since November 2021, in pounds: −14.0% from 31/12/2021 to 04/03/2022. The lowest 12-month return of iShares Core MSCI Europe UCITS ETF EUR (Acc) in pounds (price, with income reinvested in the fund) since January 2021 was −10.1% (12 months to 14/10/2022); the highest was +29.6% (12 months to 10/04/2026). On 13/11/2026 the price of iShares Core MSCI Europe UCITS ETF EUR (Acc) was 1.6% below its highest weekly close since November 2021 (07/08/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.12%
- a year
- On £10,000
- £12
- a year, roughly
- Over five years
- £60
- of £10,000, before growth
- 38 charge less
- 17 the same
- 187 charge more
Ongoing charge of iShares Core MSCI Europe UCITS ETF EUR (Acc) 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).
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 Core MSCI Europe UCITS ETF EUR (Acc) is an exchange-traded fund (ETF) from iShares, launched in 2009.
It tracks the MSCI Europe — 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 0.12% 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.
European shares: Companies across Europe. Some funds include the UK and some leave it out — the fund name says which.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- SMEA
- ISIN
- IE00B4K48X80
- Also listed as
- EUNK (Xetra, euros)
- Provider
- iShares
- Tracks
- MSCI Europe
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.12% a year · about £12 on £10,000
- Fund size
- £14bn
- 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
- European shares
Price chart
Since 31/07/2026, the closing price went from £89.88 on 31/07/2026 to £90.29 on 13/11/2026 (+0.5%). The lowest close shown was £86.62 on 23/10/2026 and the highest £91.72 on 07/08/2026.
Closing prices we have recorded since 31/07/2026.
As of , at least 15 min delayed
Five years of prices, and after inflation
123 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
- 385
- on record
- Ten largest
- 21.5%
- of the whole fund
- Effective number of holdings
- 113
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 4.0%
- ASML
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | ASMLASMLInformation Technology | 4.02% |
| 2 | Roche Ps ParHealth Care | 2.42% |
| 3 | HSBCHSBAFinancials | 2.17% |
| 4 | NovartisNOVNHealth Care | 2.15% |
| 5 | ShellSHELEnergy | 2.08% |
| 6 | AstraZenecaAZNHealth Care | 2.04% |
| 7 | NestleNESNConsumer Staples | 1.95% |
| 8 | SAPSAPInformation Technology | 1.72% |
| 9 | SiemensSIEIndustrials | 1.54% |
| 10 | AllianzALVFinancials | 1.39% |
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
- Financials24.4%
- Industrials17.5%
- Health Care14.2%
- Consumer Staples9.2%
- Information Technology8.3%
- Consumer Discretionary6.2%
- Energy5.4%
- Materials5.4%
- Other sectors9.4%
By country
- United Kingdom22.6%
- Switzerland15.2%
- France14.7%
- Germany13.6%
- Netherlands8.2%
- Spain6.0%
- Sweden5.4%
- Italy4.9%
- Other countries9.4%
By type of asset
- Equity99.3%
- Cash and money market0.7%
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 384 holdings; the ten largest make up 21.5% 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
Funds tracking the same index
16 funds track MSCI Europe, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.31% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - MSCI Europe UCITS ETF DRAccumulating · 0.15% a year | 0.15% | +10.5% | +52.7% | +55.4% |
| Amundi Index Solutions - MSCI Europe UCITS ETF DR DistDistributing · 0.20% a year | 0.20% | +10.5% | +52.7% | +55.4% |
| BNP PARIBAS EASY MSCI EUROPE ETF Capitalisation -UCITS ETF-Accumulating · 0.28% a year | 0.28% | +10.3% | Not reported | Not reported |
| Deka MSCI Europe UCITS ETFDistributing · 0.30% a year | 0.30% | +11.0% | +53.1% | +54.6% |
| HSBC MSCI Europe UCITS ETF Accum EURAccumulating · 0.14% a year | 0.14% | +11.4% | Not reported | Not reported |
| HSBC MSCI Europe UCITS ETF EURDistributing · 0.14% a year | 0.14% | +11.4% | +54.2% | +55.8% |
| Invesco MSCI Europe UCITS ETFAccumulating · 0.19% a year | 0.19% | +11.2% | +53.7% | +55.0% |
| iShares Core MSCI Europe UCITS ETFDistributing · 0.12% a year | 0.12% | +11.4% | +54.2% | +56.0% |
| iShares Core MSCI Europe UCITS ETFAccumulating · Currency hedged · 0.17% a year | 0.17% | +16.4% | +64.6% | +145.0% |
| iShares Core MSCI Europe UCITS ETF EUR (Acc)This fundAccumulating · 0.12% a year | 0.12% | +11.4% | +54.3% | +56.0% |
| State Street SPDR MSCI Europe UCITS ETFAccumulating · 0.25% a year | 0.25% | +10.5% | +52.5% | +54.9% |
| UBS Core MSCI Europe UCITS ETF EUR dis- DistributionDistributing · 0.07% a year | 0.07% | +10.6% | +53.0% | +55.6% |
| UBS Core MSCI Europe UCITS ETF Capitalisation AAccumulating · 0.10% a year | 0.10% | +10.4% | Not reported | Not reported |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1CAccumulating · 0.13% a year | 0.13% | +11.4% | +54.5% | +55.4% |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2CAccumulating · Currency hedged · 0.31% a year | 0.31% | +17.3% | +53.9% | +75.1% |
| Xtrackers MSCI EUROPE UCITS ETF Distribution 1DDistributing · 0.13% a year | 0.13% | +11.2% | +54.5% | +55.7% |
As of
MSCI Europe funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
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 177 rolling 12-month returns since January 2021, and of 131 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.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 210 European share funds, not currency-hedged, highest first.
Pro
Pro — currently by invitation
Pro includes the rank among similar funds
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 SMEA?
The ongoing charge of SMEA 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 Core MSCI Europe UCITS ETF EUR (Acc) 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 SMEA track?
SMEA tracks the MSCI Europe — large and medium-sized European companies.
Is SMEA accumulating or distributing?
SMEA 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 SMEA?
The ISIN of SMEA is IE00B4K48X80. An ISIN identifies one exact share class of a fund; SMEA is its ticker on the London Stock Exchange. The same share class is also listed as EUNK (Xetra, euros).
What does SMEA hold?
As of 06/11/2026, SMEA holds 384 positions, according to its published holdings. The largest is ASML at 4.02% of the fund; the ten largest make up 21.5%. Its ten largest holdings are ASML (4.02%), Roche Ps Par (2.42%), HSBC (2.17%), Novartis (2.15%), Shell (2.08%), AstraZeneca (2.04%), Nestle (1.95%), SAP (1.72%), Siemens (1.54%) and Allianz (1.39%).
What were SMEA’s returns in each of the last five years?
Calendar-year returns of SMEA in pounds (price, with income reinvested in the fund): 2022 −3.5%, 2025 +26.4%; 2026 to 13/11/2026 +9.7%. Past performance is not a guide to future returns.
How has SMEA done after inflation?
Over the five years to 13/11/2026 SMEA’s total return was +56.0%, or +21.8% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- MEUDAmundi Core Stoxx Europe 600 -UCITS ETF Acc- Capitalisation0.07% a year · £19bn
- IMEUiShares Core MSCI Europe UCITS ETF0.12% a year · £9.2bn
- 0MLJiShares Core EURO STOXX 50 UCITS ETF (DE)0.11% a year · £8.3bn
- 0MLDiShares STOXX Europe 600 UCITS ETF0.20% a year · £8.2bn
- 0MLHiShares Core DAX UCITS ETF (DE)0.16% a year · £7.5bn
- XMEUXtrackers MSCI EUROPE UCITS ETF Capitalisation 1C0.13% a year · £6.9bn
- CS51iShares Core EURO STOXX 50 UCITS ETF0.10% a year · £6.5bn
- XDAXXtrackers DAX UCITS ETF0.09% a year · £6.0bn
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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