# iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA) **Source:** https://fundology.uk/fund/smea · ISIN IE00B4K48X80 · 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, SMEA (iShares Core MSCI Europe UCITS ETF EUR (Acc), ISIN IE00B4K48X80) closed at £88.30 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 30/09/2026 its total return was +63.3%, or +27.7% after UK CPIH inflation. ## Summary 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. Latest close: **£88.30** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SMEA | | ISIN | IE00B4K48X80 | | Category | European shares | | Type | ETF | | Provider | iShares | | Tracks | MSCI Europe | | Income | Accumulating | | Ongoing charge | 0.12% a year (£12 per £10,000) | | Fund size | £10bn | | Launched | 2009 | | 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 | +15.79% | +12.15% | income reinvested | | 3 years | +51.61% | +36.81% | income reinvested | | 5 years | +63.33% | +27.68% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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%, 2023 +29.6%, 2025 +25.6%; 2026 to 30/09/2026 +8.3%. 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: +15.2%; to 30/09/2025: +12.9%; to 30/09/2023: +18.0%; to 30/09/2022: −9.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.5% | -11.6% | Price | | 2023 | +29.6% | +24.5% | Price | | 2025 | +25.6% | +21.2% | Price | | 2026 to 30/09/2026 | +8.3% | +5.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 12.74% | -10.56% | | 3 years | 16.67% | -10.56% | | 5 years | 16.17% | -15.15% | ## Largest fall Volatility of iShares Core MSCI Europe UCITS ETF EUR (Acc) in pounds, annualised from weekly returns to 30/09/2026: 12.7% over 1 year, 16.7% over 3 years, 16.2% over 5 years. Largest fall in the price of iShares Core MSCI Europe UCITS ETF EUR (Acc) since October 2021, in pounds: −15.1% from 12/11/2021 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 +32.5% (12 months to 15/12/2023). On 30/09/2026 the price of iShares Core MSCI Europe UCITS ETF EUR (Acc) was 3.7% below its highest weekly close since October 2021 (07/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares Core MSCI Europe UCITS ETF EUR (Acc) 0.12% a year, as of 01/10/2026: 178 of the 225 other European share funds charge more, 18 the same and 29 less (share classes counted once). ## Funds tracking the same index 18 funds track MSCI Europe, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.31% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Index Solutions - MSCI Europe UCITS ETF DR | 0.15% | +15.8% | +51.5% | +63.1% | | Amundi Index Solutions - MSCI Europe UCITS ETF DR | 0.20% | +15.8% | +51.5% | +63.1% | | Amundi MSCI Europe UCITS ETF Act -Acc- | 0.25% | +15.8% | +51.0% | +62.2% | | BNP PARIBAS EASY MSCI EUROPE ETF Capitalisation -UCITS ETF- | — | — | — | — | | Deka MSCI Europe UCITS ETF | 0.30% | +15.3% | +50.9% | +56.3% | | HSBC MSCI Europe UCITS ETF Accum EUR | 0.14% | +15.7% | +36.9% | — | | HSBC MSCI Europe UCITS ETF EUR | 0.14% | +15.7% | +51.5% | +63.2% | | Invesco MSCI Europe UCITS ETF | 0.19% | +15.7% | +47.4% | +60.5% | | iShares Core MSCI Europe UCITS ETF | 0.12% | +15.8% | +51.6% | +63.4% | | iShares Core MSCI Europe UCITS ETF Accum Shs Hedged MXN | 0.17% | — | — | — | | iShares Core MSCI Europe UCITS ETF EUR (Acc) (this fund) | 0.12% | +15.8% | +51.6% | +63.3% | | State Street SPDR MSCI Europe UCITS ETF | 0.25% | +15.7% | +51.2% | +62.4% | | UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution | 0.10% | +15.9% | +51.8% | +63.2% | | UBS Core MSCI Europe UCITS ETF Capitalisation -USD- | — | — | — | — | | UBS Core MSCI Europe UCITS ETF Capitalisation A | 0.10% | +8.8% | — | — | | Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1C | 0.13% | +15.7% | +51.3% | +63.3% | | Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C | 0.31% | +21.0% | +47.9% | +80.5% | | Xtrackers MSCI EUROPE UCITS ETF Distribution 1D | 0.13% | +15.3% | +51.1% | +63.1% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.12%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | ASML | 5.11% | | HSBC | 2.49% | | Roche Ps Par | 2.13% | | Shell | 1.99% | | Novartis | 1.92% | | AstraZeneca | 1.80% | | Nestle | 1.71% | | Siemens N | 1.68% | | SAP | 1.54% | | Banco Santander | 1.47% | ## 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 sector As published by iShares, as of 29/09/2026. | Sector | Weight | |---|---| | Financials | 25.5% | | Industrials | 18.6% | | Health Care | 12.7% | | Information Technology | 9.7% | | Consumer Staples | 8.2% | | Consumer Discretionary | 6.0% | | Materials | 5.4% | | Energy | 5.3% | | Other sectors | 8.8% | ### By country As published by iShares, as of 29/09/2026. | Country | Weight | |---|---| | United Kingdom | 22.3% | | France | 14.8% | | Switzerland | 14.1% | | Germany | 13.6% | | Netherlands | 9.4% | | Spain | 6.3% | | Sweden | 5.3% | | Italy | 5.1% | | Other countries | 9.1% | ### By type of asset Added up from the holdings iShares publishes, as of 29/09/2026. | Type of asset | Weight | |---|---| | Equity | 99.6% | | Cash and money market | 0.5% | All 394 holdings: https://fundology.uk/fund/smea/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.