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iShares MSCI Target UK Real Estate UCITS ETF

iShares · IE00BRHZ0398

iShares MSCI Target UK Real Estate UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker UKRE (ISIN IE00BRHZ0398). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about owning listed property companies (REITs), which earn rent from buildings and usually pass…

· Tracks the MSCI Target UK Real Estate index ?
Real Estate ?Distributing ?Physical ?Ireland ?
Mid-range feePays cash dividendsOwns the shares directlyUnited KingdomConcentrated in a few names
Fund size (AUM) ?
€172.5M
Risk level (SRI) ?
5 / 7 · High
1-year return ?
+2.8%
Total return · to 2026-07-24
Dividend yield
6.16%
Trailing 12 months
Yearly fee (TER) ?
0.40%
All-in cost ≈ 0.40%

About this fund

What you own

The MSCI Target UK Real Estate index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 31 companies across United Kingdom in a single purchase.

Dividends

The fund pays dividends out to you as cash, usually a few times a year.

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You get the dividends as cash you can spend or move elsewhere, which some people like for a sense of income. If you would rather it compounded, you buy more units yourself — it will not reinvest on its own the way an accumulating version does. The same fund is often sold in both versions; what it holds underneath is identical.

How it works

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

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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.

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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 ?
MSCI Target UK Real Estate
Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
Mar 2015
11-year track record
Recommended holding period
medium to long term

Performance

59.271.483.695.9108202120242026

Growth of £100 invested — the line starts at £100.

iShares MSCI Target UK Real Estate UCITS ETF

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD+3.0%
1 year+2.8%
3 years-2.0%
5 years-6.6%

Return, year by year

-25.5
+1.3
-13.6
-1.1
'22'23'24'25
1 of 4 up yearsBest: 2023 +1.3%Worst: 2022 -25.5%Calendar-year total returns, in GBP

How bumpy has it been?

13.2%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-24.5%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
-0.14
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

The bigger picture

-25.7%
Since inception
Total growth since launch — about -5.7% a year.
+9.6%
Best 12 months
The strongest one-year stretch on record.
-27.5%
Worst 12 months
The weakest one-year stretch on record.
-40.2%
Worst fall on record ?
It has not fully recovered yet.

Dividend history

This fund pays its dividends out to you (Annual). Recent payments per share:

Ex-dateAmount / share
2026-01-15€0.0651
2025-10-16£6.34
2025-07-17£0.0653
2025-04-17£7.84
2025-01-16£0.074
2024-10-17€0.0845
2024-07-18£0.071
2024-04-18£0.0721

What's inside

By sector ?

Real Estate59.3%
Other40.7%

The 10 biggest holdings make up 50.1% of the fund — the rest is spread across roughly 16 more companies.

Top 10 holdings

#CompanyWeight
1SEGRO REIT PLC12.8%
6LONDONMETRIC PROPERTY REIT PLC6.4%
7LAND SECURITIES GROUP REIT PLC6.1%
9TRITAX BIG BOX REIT PLC5.0%
10UK I/L GILT RegS4.5%
11BRITISH LAND REIT PLC4.1%
12PRIMARY HEALTH PROPERTIES REIT PLC3.5%
13UNITE GROUP PLC3.1%
14SHAFTESBURY CAPITAL PLC2.6%
15DERWENT LONDON REIT PLC2.2%

Where to buy this fund

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

Where it trades

ExchangeTickerCurrency
LSEUKREGBP★ Primary
EUR listings
Frankfurt2B7NEUR
GBP listings
B2UKREGBP
B3UKRELGBP
E1UKREEURGBP
E1UKREGBPGBP
EBUKRELGBP
EOUKREEURGBP
EPUKREGBPGBP
EUUKREGBPGBP
EUUKREEURGBP
EZUKREGBPGBP
GD2B7NGBP
GH2B7NGBP
GS2B7NGBP
IXUKRELGBP
L3UKRELGBP
LA2B7NGBP
London Stock ExchangeUKREGBP
LU2B7NGBP
POUKRELGBP
PZUKREGBP
QXUKRELGBP
S1UKRELGBP
S2UKRELGBP
T22B7NGBP
T2UKREGBP
TH2B7NGBP
WT2B7NGBP
WTUKREGBP
X2UKREGBPGBP
X9UKREGBPGBP
XAUKREEURGBP
XAUKREGBPGBP
XBUKREGBPGBP
XEUKREEURGBP
XEUKREGBPGBP
XFUKREGBPGBP
XFUKREEURGBP
XGUKREEURGBP
XGUKREGBPGBP
XHUKREEURGBP
XHUKREGBPGBP
XJUKREEURGBP
XJUKREGBPGBP
XLUKREGBPGBP
XLUKREEURGBP
XOUKREEURGBP
XOUKREGBPGBP
XSUKREEURGBP
XSUKREGBPGBP
XTUKREEURGBP
XTUKREGBPGBP
XUUKREGBPGBP
XUUKREEURGBP
XVUKREEURGBP
XVUKREGBPGBP
XWUKREEURGBP
XWUKREGBPGBP
XXUKREEURGBP
XXUKREGBPGBP
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

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

#CompanyWeight
1SEGRO REIT PLC12.8%
6LONDONMETRIC PROPERTY REIT PLC6.4%
7LAND SECURITIES GROUP REIT PLC6.1%
9TRITAX BIG BOX REIT PLC5.0%
10UK I/L GILT RegS4.5%
11BRITISH LAND REIT PLC4.1%
12PRIMARY HEALTH PROPERTIES REIT PLC3.5%
13UNITE GROUP PLC3.1%
14SHAFTESBURY CAPITAL PLC2.6%
15DERWENT LONDON REIT PLC2.2%
16SIRIUS REAL ESTATE LIMITED LTD2.1%
17SUPERMARKET INCOME REIT PLC2.0%
18HAMMERSON REIT PLC1.9%
19BIG YELLOW GROUP PLC1.6%
20GRAINGER PLC1.6%
21SAFESTORE HOLDINGS PLC1.1%
22GREAT PORTLAND ESTATES PLC1.1%
23TARGET HEALTHCARE REIT PLC0.9%
24INTERNATIONAL WORKPLACE GROUP PLC0.9%
25GBP CASH0.8%
26WORKSPACE GROUP REIT PLC0.4%
27EUR CASH0.1%
28CASH COLLATERAL EUR MSIFT0.1%
29USD CASH0.0%
30BLK ICS STER LEAF AGENCY DIST0.0%
31STOXX EUROPE 600 RE SEP 260.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 50% of similar ETFs📈 Higher 1-yr return than 0%📈 Higher 3-yr return than 0%📈 Higher 5-yr return than 0%📊 Behind its category by 10.2% (1-yr) (category average +11.6%)📊 Behind its category by 8.1% (3-yr) (category average +6.4%)📊 Behind its category by 3.7% (5-yr) (category average -2.8%)

Versus the Real estate · GBP ETFs we track.

Advanced risk

-0.20
Sortino (3y) ?
-0.08
Calmar (3y) ?
9.0%
Downside deviation ?
83%
Up months (hit rate) ?
£385.90
52-week high ?
£341.50
52-week low ?

Concentration depth

~16 ?
Effective number of holdings

Roughly 31 companies are held, but the largest names carry most of the weight — so it behaves like ~16 equal-sized positions.

Estimated fund flows

−€500,000
Estimated net flow, last month

Estimated from fund-size changes.

Similar funds

We found 2 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🌍 United Kingdom property
Compare side by side
2 similar funds
iShares MSCI Target UK Real Estate UCITS ETFiSharesYou're viewingiShares UK Property UCITS ETFiSharesBroader matchiShares UK Property UCITS ETFiSharesBroader match
Why it's similarThis is the fund on this page.
PropertyDistributingPhysical
Tracks a different index in the same category.
PropertyPhysical
Tracks a different index in the same category.
Index trackedMSCI Target UK Real EstateFTSE EPRA/Nareit UK IndexFTSE EPRA/Nareit UK Index
Yearly fee (TER)0.40%0.40%0.42%
All-in cost0.40%0.40%0.42%
Fund size€172.5M€511.1M€456M
DomicileIrelandIrelandIreland
ReplicationPhysical (full)Physical (full)Physical (full)
3-yr return p.a.-2.0%+0.9%+3.3%
5-yr return p.a.-6.6%-6.3%
# holdings313434

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

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