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iShares FTSE 250 UCITS ETF GBP (Dist)Index, costs, backtest, listings and taxation

ISIN: IE00B00FV128Ticker: 2B7R (Xetra) · MIDD (London SE) · MIDD (SIX)Issuer: iShares
Issuer-declared data
Declared index
FTSE 250
TER
0.40%
Transaction costs
0.12% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
Physical (optimised) (from the KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
771.7 mln EUR
NAV
22.76 GBP (1 September 2026)
Domicile
Ireland
Inception date
26 March 2004
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

iShares FTSE 250 UCITS ETF GBP (Dist) tracks the issuer-declared index: FTSE 250. The declared annual cost (TER) is 0.40%, plus 0.12% in transaction costs estimated by the issuer in the KID. Income is distributed to investors. The fund has assets of about 772 million euro, was launched on 26 March 2004 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the FTSE 250 Index, the Fund’s benchmark index (Index). The Share Class, via the Fund is passively managed and aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the Index. The Index measures the performance of the next 250 largest UK companies after the largest companies comprising the FTSE 100 index, which comply with size, liquidity and free float criteria. Companies are included in the Index based on a free float market capitalisation weighted basis. Free float means that only shares available to international investors rather than all of a company’s issued shares are used in calculating the Index. Free float market capitalisation is the share price of a company multiplied by the number of shares available to international investors. Securities that are liquid means that they can be easily bought or sold in the market in normal market conditions. The Fund uses optimising techniques to achieve a similar return to its Index. These techniques may include the strategic selection of certain securities that make up the Index or other securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The investment manager may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective. FDIs may be used for direct investment purposes. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.

Keep reading the KID section ▾

Your shares will be distributing shares (i.e. income will be paid on the shares quarterly). Your shares will be denominated in Sterling, the Fund's base currency. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded. Indicative net asset value is published on relevant stock exchanges websites.

From the KID’s “Objectives” section · 7 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.40%: above the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: -0.57% p.a., against a declared TER of 0.40%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · GBP · from Mar 2004 to Aug 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+579.9%
Annualised
+8.9%
Volatility (ann.)
17.2%
Max drawdown
-53.11%
-8%+144%+296%+448%+600%Mar 2004Oct 2009May 2015Dec 2020Aug 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+580%Mar 2004Aug 2026
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-20%-40%-60%-80%20042007201020132016201920222025−53.11% · 21 Nov 2008
Max drawdown
-53.11%
peak → trough
Trough
21 Nov 2008
from the 23 May 2007 peak
Recovery time
746 days
recovery only: trough to break-even · ≈ 2 years and 1 month
Underwater
1,294 days
decline + recovery: peak to break-even · ≈ 3 years and 7 months · → recovered on 07 Dec 2010

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
23 May 200721 Nov 2008-53.11%07 Dec 20101,294
02 Jan 202019 Mar 2020-41.74%16 Mar 2021439
06 Sept 202112 Oct 2022-29.92%21 Jul 20251,414
07 Jul 201104 Oct 2011-21.85%07 Sept 2012428
14 Jun 201827 Dec 2018-18.89%25 Nov 2019529

Calendar-year returns

2016
6.2%
2017
17.3%
2018
-13.6%
2019
28.4%
2020
-5.0%
2021
16.3%
2022
-17.8%
2023
7.6%
2024
7.5%
2025
12.3%
2026
13.3%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20263.62.3-10.56.64.6-1.64.44.313.3
20251.7-2.9-4.02.76.13.21.8-1.32.01.00.31.512.3
2024-1.6-1.34.50.94.1-1.96.6-2.00.0-3.02.1-0.67.5
20235.40.4-4.63.1-3.4-1.34.1-2.5-1.5-6.47.18.17.6
2022-6.6-3.80.6-1.8-1.2-8.48.2-5.3-9.74.47.3-1.4-17.8
2021-1.23.43.04.91.0-1.22.75.2-4.30.4-2.44.416.3
2020-3.3-8.5-21.89.23.60.5-1.05.4-2.6-0.512.56.0-5.0
20197.12.6-0.14.2-4.02.81.2-1.13.10.64.15.328.4
2018-2.3-2.7-0.94.73.00.10.4-0.6-1.6-6.7-2.1-5.2-13.6
20170.43.51.43.82.1-3.02.40.40.62.0-1.24.017.3
2016-5.40.72.2-0.32.6-5.16.32.81.1-1.70.13.36.2
20151.46.0-0.92.74.2-3.31.0-3.0-2.32.81.90.210.7
2014-1.66.8-2.6-2.41.5-1.6-1.32.8-3.01.02.41.63.2
20135.45.31.80.63.2-3.77.9-1.42.14.0-0.03.231.7
20126.66.40.9-0.7-7.13.72.02.73.11.90.92.925.5
2011-0.71.3-0.14.00.7-0.8-3.0-8.5-6.46.8-1.4-1.9-10.3
2010-0.71.39.12.3-6.8-2.66.3-1.07.43.0-2.09.126.9
2009-1.7-3.15.718.60.8-1.98.210.43.9-2.70.44.649.8
2008-7.21.8-0.31.7-0.4-8.7-2.96.2-15.6-20.0-2.74.7-38.3
2007-0.6-0.15.62.31.8-4.7-1.5-0.1-2.25.9-7.7-0.8-2.9
20064.33.04.40.6-5.51.5-0.62.84.43.93.04.829.5
20053.41.2-1.4-5.35.93.93.32.12.9-2.98.05.629.3
2004-0.4-2.43.9-3.81.23.40.94.05.613.9
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.57% /anno
Declared TER
0.40%
YearFundIndexDifference
2025+12.33%+12.97%-0.64%
2024+7.53%+8.14%-0.61%
2023+7.59%+8.03%-0.45%
2022-17.80%-17.39%-0.41%
2021+16.28%+16.90%-0.62%
2020-4.99%-4.55%-0.43%
2019+28.36%+28.88%-0.53%
2018-13.62%-13.25%-0.37%
2017+17.34%+17.78%-0.44%
2016+6.16%+6.66%-0.50%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)13.30%14.65%16.53%18.12%19.27%
Max drawdown-11.48%-19.47%-34.49%-47.55%-65.18%
Sharpe0.830.44-0.070.150.25
Sortino1.240.62-0.090.210.34
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
251
257 total lines: 6 cash & derivatives
Top-10 weight
11.7%

Top 10 holdings

EASYJET · EZJ
1.31%
BALFOUR BEATTY PLC · BBY
1.31%
WPP PLC · WPP
1.27%
ROTORK PLC · ROR
1.21%
RIGHTMOVE PLC · RMV
1.18%
MONDI PLC · MNDI
1.17%
RS GROUP PLC · RS1
1.09%
MAN GROUP PLC · EMG
1.09%
ROSEBANK INDUSTRIES PLC · ROSE
1.05%
JPMORGAN GLOBAL GROWTH & INCOME PL · JGGI
1.03%

Sectors

Financials
40.0%
Industrials
16.4%
Consumer Discretionary
10.5%
Real Estate
7.2%
Materials
5.7%
Communication
5.5%
Consumer Staples
3.4%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.8%IranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 3.2%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United Kingdom90.2%
Guernsey4.3%
United States3.2%
Jersey1.2%
Ireland0.8%
Cayman Islands0.3%
Bermuda0.2%
⬇ Download the full portfolio — Excel, 257 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.23 GBP
ex 18 Jun 2026 · paid 30 Jun 2026
Dividends, last 12 months
0.66 GBP
Dividend yield
2.92%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.66 GBP3.27 %
20250.74 GBP3.86 %
20240.59 GBP3.21 %
20230.59 GBP3.34 %
20220.48 GBP2.18 %
20210.44 GBP2.27 %

Dividend contribution to total return

-20%-10%0%10%20%+15.27 %1 year+12.05 %2025+7.51 %2024+7.48 %2023−17.82 %2022+16.16 %2021
dividendsprice changeprice decline

Calendar per share (GBP)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.090.23
20250.090.310.190.15
20240.090.210.160.13
20230.090.210.150.14
20220.060.180.120.12
20210.050.120.170.10
20200.070.070.080.07
20190.060.200.140.16
20180.050.210.130.13
20170.060.240.130.13
20160.060.170.110.11
20150.070.140.140.12
20140.050.120.100.12
20130.050.120.090.09
20120.050.100.070.08
20110.040.090.080.08
20100.030.080.040.07
20090.040.060.050.06
20080.030.100.070.07
20070.030.080.060.06
20060.020.070.050.05
20050.020.070.060.06
20040.030.040.04

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.23 GBP18 Jun 202619 Jun 202630 Jun 2026
0.09 GBP19 Mar 202620 Mar 202631 Mar 2026
0.15 GBP11 Dec 202512 Dec 202524 Dec 2025
0.19 GBP11 Sept 202512 Sept 202524 Sept 2025
0.31 GBP12 Jun 202513 Jun 202525 Jun 2025
0.09 GBP13 Mar 202514 Mar 202526 Mar 2025
0.13 GBP12 Dec 202413 Dec 202427 Dec 2024
0.16 GBP12 Sept 202413 Sept 202425 Sept 2024
Per-share dividends as declared by the issuer, in GBP, since the first payment (2 Jun 2004). Past dividends are not indicative of future ones.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B00FV1282B7R(class: GBP (Dist))
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Börse Düsseldorf2B7R7 Sept 2017
Börse Hamburg2B7R14 Dec 2017
Börse Hannover2B7R9 Dec 2024
Börse München / gettex2B7R9 Mar 2015
Börse Stuttgart2B7R19 Feb 2020
Tradegate Exchange2B7R27 Nov 2024
+ 6 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares FTSE 250 UCITS ETF GBP (Dist) track?
The issuer iShares declares the benchmark: FTSE 250.
How much does MIDD cost?
The issuer-declared TER is 0.40% per year; the transaction costs estimated in the KID are 0.12%.
How is MIDD taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of MIDD?
The fund size declared by iShares is about 772 million euro.
When was MIDD launched?
The fund was launched on 26 March 2004: it has 22 years of history.
How does MIDD replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (declared in the KID objectives).
Does MIDD pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does MIDD trade?
Per the official ESMA register it trades on 6 main exchanges, including Börse Düsseldorf (2B7R), Börse Hamburg (2B7R), Börse Hannover (2B7R), Börse München / gettex (2B7R), Börse Stuttgart (2B7R), Tradegate Exchange (2B7R).
What was MIDD's worst fall?
Over the available history (since 2004), the maximum drawdown was -54.93%, reached in November 2008. Past performance is not indicative of future results.
What is MIDD's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.57% per year versus its index (from issuer-declared series).
How many securities does MIDD hold?
The declared portfolio holds 251 securities (plus 6 cash & derivative lines); the top 10 positions weigh 11.7%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.