iShares Core MSCI Europe UCITS ETF EUR (Acc)

ISIN IE00B4K48X80 · WKN A0RGCS · IMEA EU

The iShares Core MSCI Europe UCITS ETF EUR (Acc) is an exchange-traded index fund (ETF) from iShares that tracks the MSCI Europe index physically. With a total expense ratio (TER) of 0.12 % per year it is very low-cost for its category. Income is automatically reinvested (accumulating); it trades as a Europe-domiciled UCITS fund. The fund spreads across 386 individual holdings – the largest currently ASML Holding NV at 4.47 %. The full composition plus the sector and country breakdown are shown below.

Key facts

Data note 1

Tax (Germany)

Equity ETF: 30 % partial exemption (Teilfreistellung). Accumulating → Vorabpauschale advance tax applies. Details.

The 100 largest holdings

of 386 in total · as of 2026-09-16

Top holdings

#	Stock	Ticker	Weight
1	ASML Holding NV	ASML	4.47 %
2	HSBC Holdings plc	HSBA	2.49 %
3	Roche PS Par AG	ROP	2.22 %
4	Shell plc	SHEL	1.99 %
5	Novartis AG	NOVN	1.83 %
6	Astrazeneca plc	AZN	1.76 %
7	Nestle S.A.	NESN	1.75 %
8	SAP SE	SAP	1.56 %
9	Siemens N AG	SIE	1.55 %
10	Banco Santander S.A.	SAN	1.49 %
11	Allianz SE	ALV	1.41 %
12	TotalEnergies SE	TTE	1.28 %
13	Schneider Electric SE	SU	1.27 %
14	Rolls-Royce Holdings plc	RR.	1.15 %
15	Banco Bilbao Vizcaya Argentaria S.A.	BBVA	1.14 %
16	UBS Group AG	UBSG	1.13 %
17	ABB Ltd.	ABBN	1.06 %
18	Iberdrola SA	IBE	1.04 %
19	Novo Nordisk A/S Class B	NOVO B	0.97 %
20	Airbus Group	AIR	0.96 %
21	Unilever plc	ULVR	0.96 %
22	Safran SA	SAF	0.93 %
23	UniCredit S.p.A.	UCG	0.93 %
24	Siemens Energy N AG	ENR	0.88 %
25	Air Liquide SA	AI	0.85 %
26	BP plc	BP.	0.85 %
27	LVMH Moet Hennessy Louis Vuitton SE	MC	0.84 %
28	BNP Paribas S.A. Class A	BNP	0.84 %
29	Deutsche Telekom N AG	DTE	0.81 %
30	British American Tobacco p.l.c.	BATS	0.80 %
31	Compagnie Financiere Richemont SA	CFR	0.80 %
32	Intesa Sanpaolo S.p.A.	ISP	0.79 %
33	Zurich Insurance Group Ltd	ZURN	0.78 %
34	ING Groep N.V.	INGA	0.76 %
35	L'Oreal S.A.	OR	0.75 %
36	RIO Tinto plc	RIO	0.74 %
37	Glaxosmithkline	GSK	0.73 %
38	Sanofi SA	SAN	0.67 %
39	Lloyds Banking Group plc	LLOY	0.62 %
40	Barclays plc	BARC	0.62 %
41	Infineon Technologies AG	IFX	0.59 %
42	Spotify Technology SA	SPOT	0.57 %
43	AXA SA	CS	0.57 %
44	BAE Systems plc	BA.	0.57 %
45	Enel SpA	ENEL	0.56 %
46	Munchener Ruckversicherungs-Gesellschaft AG	MUV2	0.54 %
47	National Grid plc	NG.	0.54 %
48	Natwest Group plc	NWG	0.54 %
49	Glencore plc	GLEN	0.52 %
50	Anheuser-Busch InBev SA/NV	ABI	0.51 %
51	Investor AB Class B	INVE B	0.51 %
52	Deutsche Bank Aktiengesellschaft	DBK	0.48 %
53	Industria de Diseno Textil S.A.	ITX	0.47 %
54	Nordea Bank Abp	NDA FI	0.45 %
55	argenx SE	ARGX	0.44 %
56	Vinci SA	DG	0.43 %
57	Relx plc	REL	0.43 %
58	DHL N AG	DHL	0.42 %
59	Deutsche Boerse AG	DB1	0.42 %
60	Anglo American plc	AAL	0.40 %
61	Bayer AG	BAYN	0.40 %
62	Hermes International SCA	RMS	0.39 %
63	Rheinmetall AG	RHM	0.39 %
64	Standard Chartered plc	STAN	0.39 %
65	Societe Generale SA Class A	GLE	0.38 %
66	BASF SE	BAS	0.38 %
67	Volvo AB Class B	VOLV B	0.38 %
68	Compass Group plc	CPG	0.38 %
69	Caixabank SA	CABK	0.37 %
70	Nokia Oyj	NOKIA	0.37 %
71	Eni S.p.A.	ENI	0.36 %
72	Atlas Copco AB Class A	ATCO A	0.36 %
73	Swiss Re AG	SREN	0.36 %
74	Ferrari	RACE	0.35 %
75	Engie S.A.	ENGI	0.35 %
76	Prosus N.V. Class N	PRX	0.35 %
77	Diageo plc	DGE	0.35 %
78	Essilorluxottica SA	EL	0.35 %
79	London Stock Exchange Group plc	LSEG	0.35 %
80	E.on SE	EOAN	0.33 %
81	Lonza Group AG	LONN	0.33 %
82	Danone SA	BN	0.32 %
83	RWE AG	RWE	0.31 %
84	Reckitt Benckiser Group plc	RKT	0.31 %
85	Holcim Ltd. AG	HOLN	0.31 %
86	Nebius Group N.V. Class A	NBIS	0.30 %
87	Erste Group Bank AG	EBS	0.30 %
88	ASM International N.V.	ASM	0.30 %
89	Tesco plc	TSCO	0.29 %
90	Haleon plc	HLN	0.29 %
91	Legrand SA	LR	0.29 %
92	Sandvik AB	SAND	0.28 %
93	SSE plc	SSE	0.28 %
94	Prysmian S.p.A.	PRY	0.28 %
95	Assicurazioni Generali	G	0.28 %
96	Repsol SA	REP	0.27 %
97	DSV A/S	DSV	0.27 %
98	Givaudan SA	GIVN	0.26 %
99	Danske Bank A/S	DANSKE	0.25 %
100	Compagnie de Saint Gobain SA	SGO	0.25 %

Data note 2

Changes in holdings

This compares the holdings list of Jul 31, 2026 with that of Sep 16, 2026: 1 names were added and 9 dropped out. Weights also shift without any buying or selling, because the prices of the holdings move differently.

Data note 3

Concentration since 2019

In IMEA, the ten largest holdings made up 18.6 % of the weights on Sep 30, 2019 and 21.2 % on Sep 16, 2026. The effective number of holdings restates the weights as a count of equally sized positions. It fell from 130 to 109 over this period, against 386 actual positions at the latest date.

Data note 4

NAV history

Net asset value per share in EUR, set once per trading day. It is not an exchange price. Distributions are not added back, so for distributing funds the value drops by the amount paid out on the distribution date.

Data note 5

Performance

Calculated from the fund's NAV history.

Data note 6

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Data note 7

Based on the underlying index MSCI-EUROPE's own correlations — we don't have individual price series for UCITS ETFs.

Cost example

Worked example with €10,000 and 5 % growth per year before costs, which is an assumption and not a forecast: after 20 years IMEA at a 0.12 % TER would come to about €25,900, and SPYE at 0.08 % to about €26,110. The gap is €60 after 10 years and €210 after 20. The TER does not cover every cost of a fund. How far an ETF actually trails its index shows up in the tracking difference, and the 2 funds also differ in distribution policy and replication method.

Data note 8

Alternative ETFs on the same index

• State Street® SPDR® MSCI Europe UCITS ETF · TER 0.08 % · 391 m

Compared with other funds

How much this fund overlaps with others — the figure is the share of capital financing the same companies in both.

• IMEA vs XMEU99.5 %
• IMEA vs XIEE99.5 %
• EXS1 vs IMEA15.5 %
• SPYY vs IMEA13.5 %
• SPSA vs IMEA12.5 %
• SPYI vs IMEA12.5 %

Data note 9