Available in 10 markets
State Street® SPDR® MSCI Europe Financials UCITS ETF
State Street® SPDR® MSCI Europe Financials UCITS ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker FNCL (ISIN IE00BKWQ0G16). 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 small slices of companies, so you share in their growth…
Opens the screener with this filter applied.
About this fund
What you own
The MSCI Europe Financials 35/20 Capped Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 84 companies across Europe in a single purchase.
Dividends
The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.
Read more
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).
Read more
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
The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.
Read more
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
Performance
Growth of $100 invested — both lines start at $100.
Compared with the average fund tracking the same index — our own data, not the licensed index itself.
Return, year by year
How bumpy has it been?
The bigger picture
What's inside
The 10 biggest holdings make up 45.1% of the fund — the rest is spread across roughly 74 more companies.
Top 10 holdings
| # | Company | Weight |
|---|---|---|
| 1 | HSBC Holdings Plc | 9.5% |
| 2 | Banco Santander S.A. | 5.7% |
| 3 | Allianz SE | 5.2% |
| 4 | UBS Group AG | 4.6% |
| 5 | Banco Bilbao Vizcaya Argentaria S.A. | 4.3% |
| 6 | UniCredit S.p.A. | 3.6% |
| 7 | BNP Paribas S.A. Class A | 3.5% |
| 8 | Intesa Sanpaolo S.p.A. | 3.0% |
| 9 | Zurich Insurance Group Ltd | 2.9% |
| 10 | ING Groep N.V. | 2.8% |
Where to buy this fund
Set from your language & location — change it if it's wrong.
Where it trades
| Exchange | Ticker | Currency | |
|---|---|---|---|
| LSE | FNCL | USD | ★ Primary |
| CHF listings | |||
| SIX | STZX | CHF | |
| EUR listings | |||
| Borsa Italiana | STZX | EUR | |
| Euronext Paris | STZ | EUR | |
| Frankfurt | SPYZ | EUR | |
| USD listings | |||
| B2 | STZ | USD | |
| B3 | FNCLL | USD | |
| B3 | FNCEL | USD | |
| B3 | STZXZ | USD | |
| B3 | STZXM | USD | |
| B3 | STZP | USD | |
| B3 | SPYZD | USD | |
| B4 | STZ3EUR | USD | |
| BQ | STZP | USD | |
| BW | STZX | USD | |
| E1 | STZ3 | USD | |
| E1 | STZ3CHF | USD | |
| E1 | STZGBX | USD | |
| E1 | STZ1USD | USD | |
| EB | STZXZ | USD | |
| EB | FNCLL | USD | |
| EB | STZP | USD | |
| EO | STZ3CHF | USD | |
| EP | STZ1USD | USD | |
| EU | STZ1USD | USD | |
| EU | STZ3 | USD | |
| EU | STZGBX | USD | |
| EZ | STZ1USD | USD | |
| GD | SPYZ | USD | |
| GF | SPYZ | USD | |
| GM | SPYZ | USD | |
| GS | SPYZ | USD | |
| GT | SPYZ | USD | |
| GZ | SPYZ | USD | |
| I2 | STZP | USD | |
| IX | FNCL | USD | |
| IX | STZXZ | USD | |
| IX | STZP | USD | |
| L1 | FNCEL | USD | |
| L1 | STZXZ | USD | |
| L1 | STZXM | USD | |
| L1 | STZP | USD | |
| L1 | SPYZD | USD | |
| L1 | FNCLL | USD | |
| L3 | STZXZ | USD | |
| L3 | STZXM | USD | |
| L3 | STZP | USD | |
| L3 | SPYZD | USD | |
| L3 | FNCEL | USD | |
| L3 | FNCLL | USD | |
| LA | SPYZ | USD | |
| LSE | FNCE | USD | |
| LU | SPYZ | USD | |
| MF | FNCLN | USD | |
| MM | FNCLN | USD | |
| MU | FNCLN | USD | |
| PO | STZXZ | USD | |
| PO | STZXM | USD | |
| PO | STZP | USD | |
| PO | SPYZD | USD | |
| PO | FNCLL | USD | |
| PO | FNCEL | USD | |
| PQ | STZEF | USD | |
| PZ | FNCL | USD | |
| QE | STZP | USD | |
| QX | STZXZ | USD | |
| QX | STZP | USD | |
| QX | FNCLL | USD | |
| S1 | STZXZ | USD | |
| S2 | SPYZD | USD | |
| S2 | STZXM | USD | |
| SE | STZX | USD | |
| T2 | STZX | USD | |
| T2 | FNCL | USD | |
| TH | SPYZ | USD | |
| US | STZEF | USD | |
| UV | STZEF | USD | |
| WT | FNCL | USD | |
| WT | STZX | USD | |
| X1 | STZ3CHF | USD | |
| X2 | STZGBX | USD | |
| X2 | STZ3CHF | USD | |
| X2 | STZ3 | USD | |
| X9 | STZ3 | USD | |
| X9 | STZ3EUR | USD | |
| XA | STZ1USD | USD | |
| XA | STZ3CHF | USD | |
| XA | STZGBX | USD | |
| XB | STZGBX | USD | |
| XE | STZGBX | USD | |
| XE | STZ3CHF | USD | |
| XE | STZ1USD | USD | |
| XF | STZ1USD | USD | |
| XF | STZ3CHF | USD | |
| XF | STZGBX | USD | |
| XG | STZ1USD | USD | |
| XG | STZ3CHF | USD | |
| XG | STZGBX | USD | |
| XH | STZGBX | USD | |
| XH | STZ3CHF | USD | |
| XH | STZ1USD | USD | |
| XJ | STZ1USD | USD | |
| XJ | STZ3CHF | USD | |
| XJ | STZGBX | USD | |
| XL | STZGBX | USD | |
| XL | STZ3CHF | USD | |
| XL | STZ3 | USD | |
| XL | STZ1USD | USD | |
| XO | STZ1USD | USD | |
| XO | STZ3CHF | USD | |
| XO | STZGBX | USD | |
| XP | STZ1USD | USD | |
| XQ | STZ1USD | USD | |
| XS | STZGBX | USD | |
| XS | STZ3 | USD | |
| XS | STZ1USD | USD | |
| XU | STZ1USD | USD | |
| XU | STZ3CHF | USD | |
| XU | STZGBX | USD | |
| XV | STZ1USD | USD | |
| XV | STZ3 | USD | |
| XV | STZGBX | USD | |
| XW | STZGBX | USD | |
| XW | STZ3 | USD | |
| XW | STZ1USD | USD | |
| XX | STZ1USD | USD | |
| XX | STZ3 | USD | |
| XX | STZ3CHF | USD | |
| XX | STZGBX | USD | |
| XZ | STZ1USD | USD | |
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows
Full holdings
As of 2026-08-27 · the fund's own published holdings.
| # | Company | Weight |
|---|---|---|
| 1 | HSBC Holdings Plc | 9.5% |
| 2 | Banco Santander S.A. | 5.7% |
| 3 | Allianz SE | 5.2% |
| 4 | UBS Group AG | 4.6% |
| 5 | Banco Bilbao Vizcaya Argentaria S.A. | 4.3% |
| 6 | UniCredit S.p.A. | 3.6% |
| 7 | BNP Paribas S.A. Class A | 3.5% |
| 8 | Intesa Sanpaolo S.p.A. | 3.0% |
| 9 | Zurich Insurance Group Ltd | 2.9% |
| 10 | ING Groep N.V. | 2.8% |
| 11 | Barclays PLC | 2.6% |
| 12 | Lloyds Banking Group plc | 2.5% |
| 13 | AXA SA | 2.2% |
| 14 | Munchener Ruckversicherungs-Gesellschaft AG | 2.1% |
| 15 | NatWest Group Plc | 2.0% |
| 16 | Investor AB Class B | 2.0% |
| 17 | Deutsche Bank Aktiengesellschaft | 1.9% |
| 18 | Societe Generale SA Class A | 1.6% |
| 19 | Nordea Bank Abp | 1.6% |
| 20 | Deutsche Boerse AG | 1.5% |
| 21 | Standard Chartered PLC | 1.4% |
| 22 | CaixaBank SA | 1.4% |
| 23 | London Stock Exchange Group plc | 1.4% |
| 24 | Swiss Re AG | 1.4% |
| 25 | Erste Group Bank AG | 1.2% |
| 26 | Assicurazioni Generali S.p.A. | 1.1% |
| 27 | 3i Group plc | 1.0% |
| 28 | Danske Bank A/S | 1.0% |
| 29 | KBC Group N.V. | 0.9% |
| 30 | Prudential plc | 0.9% |
| 31 | Skandinaviska Enskilda Banken AB Class A | 0.9% |
| 32 | Adyen NV | 0.9% |
| 33 | Swedbank AB Class A | 0.9% |
| 34 | Swiss Life Holding AG | 0.9% |
| 35 | Commerzbank AG | 0.8% |
| 36 | ABN AMRO Bank N.V. Depositary receipts | 0.8% |
| 37 | Aviva plc | 0.8% |
| 38 | DNB Bank ASA | 0.7% |
| 39 | Sampo Oyj | 0.7% |
| 40 | AIB Group plc | 0.7% |
| 41 | BPER Banca S.p.A. | 0.7% |
| 42 | Banca Monte dei Paschi di Siena S.p.A. | 0.7% |
| 43 | NN Group N.V. | 0.6% |
| 44 | Banco BPM SpA | 0.6% |
| 45 | Legal & General Group Plc | 0.6% |
| 46 | Credit Agricole SA | 0.6% |
| 47 | Svenska Handelsbanken AB Class A | 0.6% |
| 48 | Bank of Ireland Group Plc | 0.6% |
| 49 | Helvetia Baloise Holding AG | 0.5% |
| 50 | Banco de Sabadell SA | 0.5% |
| 51 | Julius Baer Gruppe AG | 0.5% |
| 52 | Partners Group Holding AG | 0.5% |
| 53 | Hannover Rueck SE | 0.5% |
| 54 | FinecoBank SpA | 0.5% |
| 55 | EQT AB | 0.4% |
| 56 | BAWAG Group AG | 0.4% |
| 57 | Poste Italiane SpA | 0.4% |
| 58 | Euronext NV | 0.4% |
| 59 | Admiral Group plc | 0.4% |
| 60 | ASR Nederland N.V. | 0.3% |
| 61 | ageas SA/NV | 0.3% |
| 62 | Bankinter SA | 0.3% |
| 63 | UNIPOL ASSICURAZIONI SPA | 0.3% |
| 64 | Aegon Ltd. | 0.3% |
| 65 | M&G Plc | 0.3% |
| 66 | Banco Comercial Portugues S.A. | 0.3% |
| 67 | Raiffeisen Bank International AG | 0.3% |
| 68 | Wise Group plc Class A | 0.2% |
| 69 | Standard Life plc | 0.2% |
| 70 | Industrivarden AB Class C | 0.2% |
| 71 | Talanx AG | 0.2% |
| 72 | Tryg A/S | 0.2% |
| 73 | EXOR N.V. | 0.2% |
| 74 | Amundi SA | 0.2% |
| 75 | Schroders PLC | 0.2% |
| 76 | Groupe Bruxelles Lambert SA | 0.2% |
| 77 | Banca Mediolanum SpA | 0.2% |
| 78 | Gjensidige Forsikring ASA | 0.2% |
| 79 | Industrivarden AB Class A | 0.2% |
| 80 | Sofina SA | 0.1% |
| 81 | Banque Cantonale Vaudoise | 0.1% |
| 82 | Mapfre SA | 0.1% |
| 83 | L E Lundbergforetagen AB Class B | 0.1% |
| 84 | CVC Capital Partners plc | 0.1% |
How it ranks vs peers
Versus the Equity (stocks) · Europe · CHF ETFs we track.
Advanced risk
Concentration depth
Roughly 84 companies are held, but the largest names carry most of the weight — so it behaves like ~33 equal-sized positions.
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.
| State Street® SPDR® MSCI Europe Financials UCITS ETFSPDRYou're viewing | Invesco S&P 500 UCITS ETF EUR Hdg AccInvescoBroader match | Amundi Core S&P 500 Swap UCITS ETF EUR Hedged AccAmundiBroader match | Amundi Core S&P 500 Swap UCITS ETF EUR Hedged DistAmundiBroader match | Amundi Core Stoxx Europe 600 UCITS ETF AccAmundiBroader match | Amundi Core Stoxx Europe 600 UCITS ETF USD Hedged AccAmundiBroader match | Amundi Core Stoxx Europe 600 UCITS ETF EUR Hedged DistAmundiBroader match | |
|---|---|---|---|---|---|---|---|
| Why it's similar | This is the fund on this page. | StocksAccumulatingCheaper fee Tracks a different index in the same category. | StocksAccumulatingCheaper fee Tracks a different index in the same category. | StocksCheaper fee Tracks a different index in the same category. | StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category. | StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category. | StocksPhysicalCheaper fee Tracks a different index in the same category. |
| Index tracked | MSCI Europe Financials 35/20 Capped Index | S&P 500 Daily Hedged Euro Net Total Return Index | S&P 500 Daily Hedged Euro Index Net TR | S&P 500 Daily Hedged Euro Index Net TR | STOXX Europe 600 (Net Return) EUR | STOXX Europe 600 (Net Return) EUR | STOXX Europe 600 (Net Return) EUR |
| Yearly fee (TER) | 0.18% | 0.05% | 0.07% | 0.07% | 0.07% | 0.09% | 0.15% |
| All-in cost | 0.23% | 0.45% | 0.00% | 0.07% | 0.07% | 0.09% | 0.15% |
| Fund size | €711.7M | €50.5B | €28.7B | €28.4B | €21.7B | €21.6B | €21.4B |
| Domicile | Ireland | Ireland | LU | LU | LU | LU | LU |
| Replication | Physical (full) | Synthetic (swap) | Synthetic (swap) | Synthetic (swap) | Physical (full) | Physical (full) | Physical (full) |
| 3-yr return p.a. | +32.9% | +19.2% | +18.4% | ||||
| 5-yr return p.a. | +10.0% | +9.0% | |||||
| # holdings | 84 | 295 | 10 | 10 | 613 | 613 | 613 |
The fund on this page stays pinned on the left — scroll or use ‹ › to compare it against each one.
Open the full comparison tool →New to ETFs? Start with the basics →
Finance Hamster provides educational information about ETFs and investing. It is not investment, tax, or legal advice, and not a recommendation to buy or sell any security. Markets carry risk; do your own research or consult a licensed adviser.