# iShares Core Global Aggregate Bond UCITS ETF Hedged GBP (AGBP)

**Page:** https://fundology.uk/fund/agbp · ISIN IE00BF540Y54

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, AGBP (iShares Core Global Aggregate Bond UCITS ETF Hedged GBP, ISIN IE00BF540Y54) closed at £4.52 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was −0.6%, or −22.4% after UK CPIH inflation.

## Summary

iShares Core Global Aggregate Bond UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the Bloomberg Global Aggregate Bond Index - USD - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£4.52** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | AGBP |
| ISIN | IE00BF540Y54 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg Global Aggregate Bond Index - USD - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £735m |
| Launched | 2017 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/11/2017 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +0.40% | -3.16% | income reinvested |
| 3 years | +13.57% | +2.61% | income reinvested |
| 5 years | -0.62% | -22.43% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares Core Global Aggregate Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2022 −13.6%, 2023 +3.6%, 2024 +0.3%, 2025 +1.4%; 2026 to 13/11/2026 −3.4%. Returns of iShares Core Global Aggregate Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.2%; to 30/09/2025: −0.2%; to 30/09/2024: +7.0%; to 30/09/2023: −1.4%; to 30/09/2022: −14.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -13.6% | -20.9% | Price |
| 2023 | +3.6% | -0.6% | Price |
| 2024 | +0.3% | -3.1% | Price |
| 2025 | +1.4% | -2.1% | Price |
| 2026 to 13/11/2026 | -3.4% | -6.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 4.11% | -4.66% |
| 3 years | 4.39% | -4.74% |
| 5 years | 4.80% | -16.94% |

## Largest fall

Volatility of iShares Core Global Aggregate Bond UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 4.1% over 1 year, 4.4% over 3 years, 4.8% over 5 years. Largest fall in the price of iShares Core Global Aggregate Bond UCITS ETF Hedged GBP since November 2021, in pounds: −16.9% from 17/12/2021 to 20/10/2023. The lowest 12-month return of iShares Core Global Aggregate Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since January 2021 was −15.4% (12 months to 04/11/2022); the highest was +7.9% (12 months to 18/10/2024). On 13/11/2026 the price of iShares Core Global Aggregate Bond UCITS ETF Hedged GBP was 12.7% below its highest weekly close since November 2021 (03/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Core Global Aggregate Bond UCITS ETF Hedged GBP 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 less (share classes counted once).

## Funds tracking the same index

13 funds track Bloomberg Global Aggregate Bond Index - USD - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.16% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core Global Aggregate Bond -UCITS ETF DR Hedged- Distribution | 0.14% | -0.2% | +11.6% | +4.5% |
| Amundi Core Global Aggregate Bond -UCITS ETF DR- Capitalisation | 0.16% | -2.7% | +3.2% | -8.0% |
| Global Aggregate Bond UCITS ETF -ETFSHGBP- GBP | 0.10% | +2.1% | — | — |
| Global Aggregate Bond UCITS ETF Accu Shs -ETFCH- USD | 0.10% | +0.2% | — | — |
| iShares Core Global Aggregate Bond UCITS ETF Accum Hedged EUR | 0.10% | -6.4% | +3.7% | -9.8% |
| iShares Core Global Aggregate Bond UCITS ETF Accum Hedged NZD | 0.15% | -3.7% | -3.3% | — |
| iShares Core Global Aggregate Bond UCITS ETF Accum Hedged USD | 0.10% | +0.1% | +5.8% | +3.0% |
| iShares Core Global Aggregate Bond UCITS ETF Hedged GBP (this fund) | 0.10% | +0.4% | +13.6% | -0.6% |
| iShares Core Global Aggregate Bond UCITS ETF USD | 0.10% | -2.0% | +3.1% | -7.2% |
| State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Accum Hedged USD | 0.10% | -0.5% | +4.5% | +3.4% |
| State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged GBP | 0.10% | -0.2% | +12.1% | -0.1% |
| State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF Hedged USD | 0.10% | -0.5% | +4.3% | +3.4% |
| State Street SPDR Bloomberg Global Aggregate Bond UCITS ETF USD | 0.11% | -2.5% | +4.0% | -7.7% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.10%** per year (as of 13/10/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, AGBP holds 19,979 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 1.88% of the fund; the ten largest make up 6.1%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Blk Ics USD Leaf Agency Dist | — | 1.88% |
| 2 | China Peoples Republic of (Governm 1.61% 15/02/2035 | — | 1.00% |
| 3 | Fhlmc 30YR Umbs Super 2.00% 01/07/2051 | — | 0.69% |
| 4 | China Peoples Republic of (Governm 1.49% 25/12/2031 | — | 0.49% |
| 5 | China Peoples Republic of (Governm 1.45% 25/02/2028 | — | 0.46% |
| 6 | China Peoples Republic of (Governm 2.28% 25/03/2031 | — | 0.36% |
| 7 | China Peoples Republic of (Governm 2.68% 21/05/2030 | — | 0.36% |
| 8 | China Peoples Republic of (Governm 2.52% 25/08/2033 | — | 0.30% |
| 9 | China Peoples Republic of (Governm 3.19% 15/04/2053 | — | 0.27% |
| 10 | China Peoples Republic of (Governm 2.62% 15/04/2028 | — | 0.25% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Treasuries | 53.2% |
| Agency Fixed Rate | 9.4% |
| Owned No Guarantee | 6.4% |
| Banking | 4.8% |
| Supranational | 2.7% |
| Mortgage Collateralized | 1.9% |
| Local Government | 1.9% |
| Consumer Cyclical | 1.6% |
| Other sectors | 18.1% |

### By country

As published for the fund, as of 06/11/2026.

| Country | Weight |
|---|---|
| United States | 39.6% |
| China | 11.4% |
| Japan | 8.1% |
| France | 4.9% |
| Germany | 4.6% |
| United Kingdom | 4.3% |
| Canada | 3.7% |
| Italy | 3.0% |
| Other countries | 20.5% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 97.7% |
| Cash and money market | 2.3% |

The 2,315 holdings on record (of 19,979 reported): https://fundology.uk/fund/agbp/holdings

## Questions people ask

**What is the ongoing charge of AGBP?**

The ongoing charge of AGBP is 0.10% a year — about £10 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares Core Global Aggregate Bond UCITS ETF Hedged GBP 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 less (share classes counted once).

**What does AGBP track?**

AGBP tracks the Bloomberg Global Aggregate Bond Index - USD - Benchmark TR Net.

**Is AGBP accumulating or distributing?**

AGBP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**What is the ISIN of AGBP?**

The ISIN of AGBP is IE00BF540Y54. An ISIN identifies one exact share class of a fund; AGBP is its ticker on the London Stock Exchange.

**What does AGBP hold?**

As of 06/11/2026, AGBP holds 19,979 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 1.88% of the fund; the ten largest make up 6.1%. Its ten largest holdings are Blk Ics USD Leaf Agency Dist (1.88%), China Peoples Republic of (Governm 1.61% 15/02/2035 (1.00%), Fhlmc 30YR Umbs Super 2.00% 01/07/2051 (0.69%), China Peoples Republic of (Governm 1.49% 25/12/2031 (0.49%), China Peoples Republic of (Governm 1.45% 25/02/2028 (0.46%), China Peoples Republic of (Governm 2.28% 25/03/2031 (0.36%), China Peoples Republic of (Governm 2.68% 21/05/2030 (0.36%), China Peoples Republic of (Governm 2.52% 25/08/2033 (0.30%), China Peoples Republic of (Governm 3.19% 15/04/2053 (0.27%) and China Peoples Republic of (Governm 2.62% 15/04/2028 (0.25%).

**What were AGBP’s returns in each of the last five years?**

Calendar-year returns of AGBP in pounds (price only, income paid out not included): 2022 −13.6%, 2023 +3.6%, 2024 +0.3%, 2025 +1.4%; 2026 to 13/11/2026 −3.4%. Past performance is not a guide to future returns.

**How has AGBP done after inflation?**

Over the five years to 13/11/2026 AGBP’s total return was −0.6%, or −22.4% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/291771/ishares-core-global-aggregate-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-core-global-aggregate-bond-ucits-etf-gbp-hedged-dist-gb-ie00bf540y54-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/agbp-ishares-core-global-aggregate-bond-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.