iShares MSCI Europe Small Cap UCITS ETF

Equity
Equity
ESCE

iShares MSCI Europe Small Cap UCITS ETF

  • NAV as of 23/Sept/2026
    EUR 5.68
  • 1 Day NAV Change as of 23/Sept/2026
    EUR -0.04(-0.76%)
  • NAV as of 23/Sept/2026
    EUR 5.68
  • 1 Day NAV Change as of 23/Sept/2026
    EUR -0.04(-0.76%)

WHY ESCE?

  1. Is passively managed and aims to invest, as far as possible and practicable, in equity securities (shares) that make up the MSCI Europe Small Cap Index.
  2. The Index tracks the performance of small‑capitalisation stocks across developed European markets and is free float‑adjusted and market capitalisation‑weighted, meaning it includes only shares readily available to investors
  3. Uses optimising techniques to achieve a similar return to the Index. This may include the strategic selection of certain securities that make up the Index.

INVESTMENT OBJECTIVE

The Fund is a sub‑fund of iShares III plc and aims to deliver a return through a combination of capital growth and income by tracking the performance of the MSCI Europe Small Cap Index, its benchmark index.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.



All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Performance

RETURNS

This chart has been left intentionally blank as there is less than one year's performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Risks

Shares in smaller companies typically trade in less volume and experience greater price variations than larger companies.Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events.The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Share Class to financial loss.Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

Key Facts

Net Assets
as of 23/Sept/2026
EUR 9,087,914
Inception Date
25/Mar/2026
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Total Expense Ratio
0.25%
Use of Income
Accumulating
Domicile
Ireland
Rebalance Frequency
Quarterly
UCITS
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
ESCE LN
ISA Eligibility
Yes
Net Assets of Fund
as of 23/Sept/2026
EUR 9,087,914
Fund Launch Date
25/Mar/2026
Base Currency
EUR
Benchmark Index
MSCI Europe Small Cap Index
Shares Outstanding
as of 23/Sept/2026
1,600,000
ISIN
IE0000N55FP4
Securities Lending Return
-
Product Structure
Physical
Methodology
Optimised
Issuing Company
iShares III plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
30 June
SIPP Available
Yes
UK Reporting Status
Yes

Portfolio Characteristics

Number of Holdings
as of 23/Sept/2026
835
Benchmark Ticker
M7EUSC
3y Beta
as of -
-
P/B Ratio
as of 23/Sept/2026
1.70
Benchmark Level
as of 24/Sept/2026
EUR 698.97
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 23/Sept/2026
15.96

Registered Locations

  • Austria

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Hungary

  • Ireland

  • Italy

  • Liechtenstein

  • Luxembourg

  • Netherlands

  • Norway

  • Poland

  • Saudi Arabia

  • Slovak Republic

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

% of Market Value as of
23/Sept/2026
Type
Fund
Industrials25.88
Financials15.74
Consumer Discretionary10.73
Materials8.65
Real Estate8.23
Information Technology7.69
Health Care6.79
Energy5.39
Communication4.93
Consumer Staples3.45
Allocations are subject to change.

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

 

Lending Summary not available as there is less than one year's performance data
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Exchange
Ticker
Currency
Listing Date
SEDOL
Bloomberg Ticker
RIC
Euronext AmsterdamESCEEUR30/Mar/2026BTCFX40ESCE NAESCE.AS
London Stock ExchangeESCEGBP12/May/2026BVN4CT8ESCE LNESCE.L
SIX Swiss ExchangeESCEEUR30/Jun/2026BS1LLD7ESCE SEESCE.S

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If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.