Summary
iShares MSCI Belgium ETF is an ETF - a fund traded on an exchange like a stock - run by IShares. Positions inside: 42. The ten largest make up 68% of the fund.
- Yearly costs
- 0.49%
- Fund size
- $239.2M
- Positions
- 42
- Dividend yield
- 1.88%
- Running since
- 1996
What speaks for it
- It has been running since 1996.
What to watch
- The ten largest positions make up 68% of the fund, so its result rests on a few names.
- 84% of the fund is in one country (Belgium).
- Costs of 0.49% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 38% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.8%
- 3 months
- -1.3%
- This year
- +7.9%
- 1 year
- +9.5%
- 3 years
- +59%
- 5 years
- +21%
- 10 years
- +43%
- Avg. market cap
- $50.0B
- P/E
- 14.6x
- Forward P/E
- 16.1x
- P/S
- 1.7x
- P/B
- 1.6x
- P/FCF
- 14.0x
- EV/EBITDA
- 10.7x
- Dividend yield
- 2.34%
- ROIC
- 8.2%
- ROE
- 12.3%
- Gross margin
- 54.7%
- Operating margin
- 32.2%
- Net margin
- 25.7%
- Payout ratio
- 34.2%
- Net debt/EBITDA
- 1.6x
- Beta
- 0.90
Weighted average of the 38 largest companies, which make up 100% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 ABAnheuser-Busch InBev SA/NV ABI.BR 22%
- 2 ARargenx SE ARGX.BR 15%
- 3 KBKBC Group NV KBC.BR 7.3%
- 4 AGageas SA/NV AGS.BR 4.6%
- 5 UCUCB UCB.BR 4.3%
- 6 AEAedifica SA AED.BR 3.2%
- 7 SYSyensqo SYENS.BR 2.8%
- 8 ACAckermans & Van Haaren NV ACKB.BR 2.7%
- 9 LOLotus Bakeries NV LOTB.BR 2.6%
- 10 GBGroupe Bruxelles Lambert SA GBLB.BR 2.6%
Positions in the fund: 42. The ten largest make up 68% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Real estate 9.1%
- Industrials 6.3%
- Utilities 2.5%
- Energy 1.7%
- Other 80%
By country
- Belgium 84%
- Netherlands 15%
- United Kingdom 0.7%
- United States 0.03%
- Other countries 0.2%
By company size
- Large cap 63%
- Mid cap 29%
- Small cap 8.0%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Real estate (9.1%). Largest country: Belgium (84%). Largest size group: Large cap (63%).
What does it cost me?
Expensive- A year from $10,000
- $49.00
- Over 20 years
- $2,370
From every $10,000 invested the fund takes $49.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,370.
How has it done?
Growing slowly- A year on average, 10 years
- +3.6%
- Deepest drop
- -38%
- Yearly volatility
- 16%
Average yearly growth over the last ten years: 3.6%. Deepest drop in these years: 38% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.88%
- Payments a year
- 2
- Last payment
- $0.33
Over the last 12 months it paid $0.49 per share, which is 1.88% of today's price. The last payment was $0.33 on Jun 15, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $1.07M
- Shares a day
- 41K
On an average day about $1.07M of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 14.6
- Average Bulios Score
- 67 out of 100
Weight by Bulios Fair Price
- Undervalued 31%
- Fairly valued 8.7%
- Overvalued 61%
On average the companies inside trade for 14.6 times their yearly profit. By Fair Price, 61% of the rated weight comes out as overvalued.
Counted from its largest companies (38), which make up 100% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
BE BEL.BR Amundi BEL 20 UCITS ETF Dist | France | 0.50% | $80.0M | +15% | Pays out | 58% |