# State Street SPDR MSCI Europe Communication Services UCITS ETF Accum EUR (TELE) **Source:** https://fundology.uk/fund/tele · ISIN IE00BKWQ0N82 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (SPDR), 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 01/10/2026, TELE (State Street SPDR MSCI Europe Communication Services UCITS ETF Accum EUR, ISIN IE00BKWQ0N82) closed at €71.66 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 01/10/2026 its total return was +22.7%, or −4.1% after UK CPIH inflation. ## Summary SSgA SPDR ETFs Europe II PLC - State Street SPDR MSCI Europe Communication Services UCITS ETF Accum EUR is an exchange-traded fund (ETF) from SPDR, launched in 2014. It tracks the MSCI Europe Communication Services 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: **€71.66** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | TELE | | ISIN | IE00BKWQ0N82 | | Category | Single sectors | | Type | ETF | | Provider | SPDR | | Tracks | MSCI Europe Communication Services 35/20 Capped Index - EUR - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.18% a year (£18 per £10,000) | | Fund size | £37.9m | | Launched | 2014 | | Domicile | Ireland | ## Past returns (periods to 01/10/2026) 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 | -9.72% | -12.55% | income reinvested | | 3 years | +25.37% | +13.13% | income reinvested | | 5 years | +22.68% | -4.09% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of SSgA SPDR ETFs Europe II PLC - State Street SPDR MSCI Europe Communication Services UCITS ETF Accum EUR 0.18% a year, as of 02/10/2026: 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 ## What it holds As of 30/09/2026, TELE holds 18 positions, according to the holdings SPDR publishes. The largest is Deutsche Telekom at 24.66% of the fund; the ten largest make up 82.8%. ### Top holdings Largest positions (as of 30/09/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Deutsche Telekom | [DTE](https://fundology.uk/stock/DTE) | 24.66% | | 2 | Spotify Technology | [SPOT](https://fundology.uk/stock/SPOT) | 17.54% | | 3 | Vodafone Group Public | [VOD](https://fundology.uk/stock/VOD) | 7.13% | | 4 | Orange | [ORA](https://fundology.uk/stock/ORA) | 7.10% | | 5 | Publicis Groupe | [PUB](https://fundology.uk/stock/PUB) | 6.02% | | 6 | Swisscom | [SCMN](https://fundology.uk/stock/SCMN) | 4.82% | | 7 | Royal KPN | [KPN](https://fundology.uk/stock/KPN) | 4.21% | | 8 | Universal Music Group | [UMG](https://fundology.uk/stock/UMG) | 4.20% | | 9 | BT Group | [BTGUY](https://fundology.uk/stock/BTGUY) | 3.58% | | 10 | Informa | [INF](https://fundology.uk/stock/INF) | 3.56% | Source: SPDR, holdings as published, as of 30/09/2026. ## 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 | |---|---| | Germany | 24.7% | | Sweden | 24.1% | | United Kingdom | 15.0% | | France | 13.1% | | Netherlands | 8.4% | | Spain | 6.4% | | Switzerland | 4.8% | | Norway | 2.0% | | Other countries | 1.4% | All 18 holdings: https://fundology.uk/fund/tele/holdings ## Questions people ask **What is the ongoing charge of TELE?** The ongoing charge of TELE 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. Platform and dealing fees are charged separately. Ongoing charge of SSgA SPDR ETFs Europe II PLC - State Street SPDR MSCI Europe Communication Services UCITS ETF Accum EUR 0.18% a year, as of 02/10/2026: 95 of the 141 other single-sector funds charge more, 15 the same and 31 less (share classes counted once). **What does TELE track?** TELE tracks the MSCI Europe Communication Services 35/20 Capped Index - EUR - Benchmark TR Net — large and medium-sized European companies. **Is TELE accumulating or distributing?** TELE 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 TELE?** The ISIN of TELE is IE00BKWQ0N82. An ISIN identifies one exact share class of a fund; TELE is its ticker on the London Stock Exchange. **What does TELE hold?** As of 30/09/2026, TELE holds 18 positions, according to the holdings SPDR publishes. The largest is Deutsche Telekom at 24.66% of the fund; the ten largest make up 82.8%. Its ten largest holdings are Deutsche Telekom (24.66%), Spotify Technology (17.54%), Vodafone Group Public (7.13%), Orange (7.10%), Publicis Groupe (6.02%), Swisscom (4.82%), Royal KPN (4.21%), Universal Music Group (4.20%), BT Group (3.58%) and Informa (3.56%). **How has TELE done after inflation?** Over the five years to 01/10/2026 TELE’s total return was +22.7%, or −4.1% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.