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iShares European Property Yield UCITS ETF

iShares · IE00BGDQ0L74

iShares European Property Yield UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker IPRE (ISIN IE00BGDQ0L74). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about owning listed property companies (REITs), which earn rent from buildings and usually pass…

· Tracks the FTSE EPRA/Nareit Developed Europe ex UK Dividend + Index index ?

Real Estate ?Accumulating ?Physical ?Ireland ?

Mid-range feeReinvests dividendsOwns the shares directlyEuropeConcentrated in a few names

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iShares funds Domiciled in Ireland Accumulating Physically replicated Europe property Yearly fee under 0.5%

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Fund size (AUM) ?

€1B

Risk level (SRI) ?

6 / 7 · High

1-year return ?

+1.3%

Total return · to 2026-07-24

Yearly fee (TER) ?

0.40%

All-in cost ≈ 0.40%

About this fund

What you own

The FTSE EPRA/Nareit Developed Europe ex UK Dividend + Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 69 companies across Europe in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.40%Yearly fee (TER)

0.40%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

FTSE EPRA/Nareit Developed Europe ex UK Dividend + Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Dec 2018

8-year track record

Recommended holding period

medium to long term

Performance

Growth of €100 invested — both lines start at €100.

iShares European Property Yield UCITS ETF Average FTSE EPRA/Nareit Developed Europe ex UK Dividend + Index ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD+2.5%

1 year+1.3%

3 years+9.3%

5 years-4.6%

Return, year by year

-37.3

+17.9

-0.8

+8.6

'22'23'24'25

2 of 4 up yearsBest: 2023 +17.9%Worst: 2022 -37.3%Calendar-year total returns, in EUR

How bumpy has it been?

15.5%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-17.5%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

0.51

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

-17.3%

Since inception

Total growth since launch — about -3.7% a year.

+40.5%

Best 12 months

The strongest one-year stretch on record.

-44.9%

Worst 12 months

The weakest one-year stretch on record.

-49.4%

Worst fall on record ?

It has not fully recovered yet.

What's inside

By sector ?

Real Estate98.5%

Other1.6%

The 10 biggest holdings make up 59.7% of the fund — the rest is spread across roughly 59 more companies.

Top 10 holdings

#	Company	Weight
1	VONOVIA SE	12.1%
2	UNIBAIL RODAMCO WE STAPLED UNITS	9.3%
3	SWISS PRIME SITE AG	8.4%
4	KLEPIERRE REIT SA	5.9%
5	PSP SWISS PROPERTY AG	5.2%
6	MERLIN PROPERTIES REIT SA	4.9%
7	AEDIFICA NV	4.8%
8	LEG IMMOBILIEN N	3.2%
9	WAREHOUSES DE PAUW NV	3.1%
10	CASTELLUM	2.9%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
Frankfurt	IPRE	EUR	★ Primary
EUR listings
B3	IPRED	EUR
E1	IPREEUR	EUR
EB	IPRED	EUR
EP	IPREEUR	EUR
EU	IPREEUR	EUR
EZ	IPREEUR	EUR
GD	IPRE	EUR
GF	IPRE	EUR
GH	IPRE	EUR
GM	IPRE	EUR
GS	IPRE	EUR
GT	IPRE	EUR
GZ	IPRE	EUR
I2	IPRED	EUR
IX	IPRED	EUR
L1	IPRED	EUR
L3	IPRED	EUR
LA	IPRE	EUR
London Stock Exchange	IPRE	EUR
LU	IPRE	EUR
PO	IPRED	EUR
PQ	IPREF	EUR
QE	IPRED	EUR
QT	IPRE	EUR
QX	IPRED	EUR
TH	IPRE	EUR
US	IPREF	EUR
UV	IPREF	EUR
X9	IPREEUR	EUR
XA	IPREEUR	EUR
XE	IPREEUR	EUR
XF	IPREEUR	EUR
XG	IPREEUR	EUR
XH	IPREEUR	EUR
XJ	IPREEUR	EUR
XL	IPREEUR	EUR
XO	IPREEUR	EUR
XQ	IPREEUR	EUR
XS	IPREEUR	EUR
XU	IPREEUR	EUR
XV	IPREEUR	EUR
XW	IPREEUR	EUR
XX	IPREEUR	EUR
XZ	IPREEUR	EUR

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-24 · the fund's own published holdings.

#	Company	Weight
1	VONOVIA SE	12.1%
2	UNIBAIL RODAMCO WE STAPLED UNITS	9.3%
3	SWISS PRIME SITE AG	8.4%
4	KLEPIERRE REIT SA	5.9%
5	PSP SWISS PROPERTY AG	5.2%
6	MERLIN PROPERTIES REIT SA	4.9%
7	AEDIFICA NV	4.8%
8	LEG IMMOBILIEN N	3.2%
9	WAREHOUSES DE PAUW NV	3.1%
10	CASTELLUM	2.9%
11	GECINA SA	2.7%
12	ALLREAL HOLDING AG	2.5%
13	COVIVIO SA	2.1%
14	MOBIMO HOLDING AG	2.1%
15	TAG IMMOBILIEN AG	2.0%
16	COLONIAL SFL SOCIMI SA	1.6%
17	AROUNDTOWN SA	1.5%
18	WIHLBORGS FASTIGHETER	1.4%
19	CATENA	1.3%
20	PANDOX	1.3%
21	EUR CASH	1.2%
22	MONTEA NV	1.1%
23	FABEGE	1.0%
24	LUMO HOMES	0.9%
25	VGP NV	0.9%
26	EUROCOMMERCIAL PROPERTIES NV	0.9%
27	MERCIALYS REIT SA	0.8%
28	XIOR STUDENT HOUSING NV	0.8%
29	ALTRA FASTIGHETER	0.8%
30	CIBUS REAL ESTATE	0.8%
31	DEUTSCHE WOHNEN	0.8%
32	CARMILA SA	0.8%
33	ARGAN SA	0.8%
34	HUFVUDSTADEN CLASS A	0.7%
35	INTERSHOP HOLDING N AG	0.7%
36	ICADE REIT SA	0.6%
37	SHURGARD SELF STORAGE LTD	0.6%
38	NP3 FASTIGHETER	0.6%
39	RETAIL ESTATES NV	0.6%
40	ALTAREA	0.6%
41	WERELDHAVE NV	0.5%
42	HIAG IMMOBILIEN HOLDING AG	0.5%
43	CA IMMOBILIEN ANLAGEN AG	0.5%
44	IRISH RESIDENTIAL PROPERTIES PLC	0.5%
45	DIOS FASTIGHETER	0.4%
46	ATRIUM LJUNGBERG CLASS B	0.4%
47	CARE PROPERTY INV NV	0.4%
48	PLATZER FASTIGHETER HOLDING CLASS	0.3%
49	ENTRA	0.3%
50	PPI PUBLIC PROPERTY INVEST	0.3%
51	HAMBORNER REIT N AG	0.2%
52	GRAND CITY PROPERTIES SA	0.2%
53	NSI NV	0.2%
54	BLK ICS EUR LIQ FUND AGEN ACC T0	0.2%
55	VASTNED BELGIUM NV	0.2%
56	IMMOBILIARE GRANDE DISTRIBUZIONE S	0.2%
57	DEUTSCHE EUROSHOP AG	0.2%
58	HOME INVEST BELGIUM REIT SA	0.2%
59	CASH COLLATERAL EUR BZFUT	0.1%
60	FAST PARTNER CLASS A	0.1%
61	HEBA FASTIGHETS CLASS B	0.1%
62	COREM PROPERTY GROUP CLASS B	0.1%
63	NOK CASH	0.0%
64	CHF CASH	0.0%
65	GBP CASH	0.0%
66	SEK CASH	0.0%
67	USD CASH	0.0%
68	EURO STOXX REAL ESTATE SEP 26	0.0%
69	STOXX EUROPE 600 RE SEP 26	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 17% of similar ETFs💰 All-in cost cheaper than 17%📈 Higher 1-yr return than 40%📈 Higher 3-yr return than 75%📈 Higher 5-yr return than 100%📊 Beat its category by 0.6% (1-yr) (category average +0.7%)📊 Beat its category by 1.0% (3-yr) (category average +8.3%)📊 Beat its category by 1.2% (5-yr) (category average -5.8%)

Versus the Real estate · Europe · Real Estate · EUR ETFs we track.

Advanced risk

0.76

Sortino (3y) ?

0.53

Calmar (3y) ?

11.1%

Downside deviation ?

58%

Up months (hit rate) ?

€5.39

52-week high ?

€4.58

52-week low ?

Concentration depth

~20 ?

Effective number of holdings

Roughly 69 companies are held, but the largest names carry most of the weight — so it behaves like ~20 equal-sized positions.

Estimated fund flows

−€12.1M

Estimated net flow, last month

Estimated from fund-size changes.

Documents

📄 KID (PDF)

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Europe property

Compare side by side

6 similar funds

	iShares European Property Yield UCITS ETFiSharesYou're viewing	Amundi FTSE Epra Europe Real Estate UCITS ETF - EUR (D)AmundiBroader match	Amundi FTSE Epra Europe Real Estate UCITS ETF - EUR (C)AmundiBroader match	State Street® SPDR® FTSE EPRA Europe ex UK Real Estate UCITS ETF (Acc)SPDRBroader match	iShares STOXX Europe 600 Real Estate UCITS ETF (DE)iSharesBroader match	Xtrackers FTSE Developed Europe Ex UK Real Estate UCITS ETF 1CXtrackersBroader match	Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1CXtrackersBroader match
Why it's similar	This is the fund on this page.	PropertyCheaper fee Tracks a different index in the same category.	PropertyAccumulatingCheaper fee Tracks a different index in the same category.	PropertyAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	PropertyPhysical Tracks a different index in the same category.	PropertyAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	PropertyAccumulatingPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	FTSE EPRA/Nareit Developed Europe ex UK Dividend + Index	FTSE EPRA/NAREIT Developed Europe Net Return Index	FTSE EPRA/NAREIT Developed Europe Net Return Index	FTSE EPRA Nareit Developed Europe ex UK Index	STOXX Europe 600	FTSE EPRA/NAREIT Developed Europe Ex UK Capped Net index	FTSE EPRA/NAREIT DEVELOPED EUROPE NET TOTAL RETURN
Yearly fee (TER)	0.40%	0.30%	0.30%	0.30%	0.46%	0.33%	0.33%
All-in cost	0.40%	0.30%	0.30%	0.31%	0.46%	0.33%	0.33%
Fund size	€1B	€102.3M	€101.8M	€101.2M	€64.5M	€0	€0
Domicile	Ireland	LU	LU	Ireland	Germany	Ireland	LU
Replication	Physical (full)	Synthetic (swap)	Synthetic (swap)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	+9.3%			+9.1%	+5.1%	+10.0%	+8.9%
5-yr return p.a.	-4.6%			-5.7%	-6.7%	-5.3%	-5.5%
# holdings	69	10	10	72	37	79	108

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Data as of 2026-07-24 · Source: issuer data, compiled by Finance Hamster

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