# iShares S&P US Banks UCITS ETF (BNKS)

**Page:** https://fundology.uk/fund/bnks · ISIN IE00BD3V0B10

## 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, BNKS (iShares S&P US Banks UCITS ETF, ISIN IE00BD3V0B10) closed at $8.24 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its total return was +24.8%, or −2.6% after UK CPIH inflation.

## Summary

iShares S&P US Banks UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the S&P 900 Banks (Industry) 7/4 Capped 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 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **$8.24** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | BNKS |
| ISIN | IE00BD3V0B10 |
| Also listed as | IUS2 (Xetra, euros) |
| Category | Single sectors |
| Type | ETF |
| Provider | iShares |
| Tracks | S&P 900 Banks (Industry) 7/4 Capped Index - USD - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.35% a year (£35 per £10,000) |
| Fund size | £857m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 21/05/2018 |

## 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 | +16.58% | +12.45% | income reinvested |
| 3 years | +92.39% | +73.82% | income reinvested |
| 5 years | +24.83% | -2.57% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares S&P US Banks UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −9.0%, 2023 −8.3%, 2024 +29.7%, 2025 +11.9%; 2026 to 13/11/2026 +8.9%. Returns of iShares S&P US Banks UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +13.1%; to 30/09/2025: +22.5%; to 30/09/2024: +31.7%; to 30/09/2023: −28.7%; to 30/09/2022: −1.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -9.0% | -16.7% | Price |
| 2023 | -8.3% | -12.0% | Price |
| 2024 | +29.7% | +25.3% | Price |
| 2025 | +11.9% | +8.1% | Price |
| 2026 to 13/11/2026 | +8.9% | +5.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.77% | -14.67% |
| 3 years | 24.02% | -28.69% |
| 5 years | 25.95% | -44.37% |

## Largest fall

Volatility of iShares S&P US Banks UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 19.8% over 1 year, 24.0% over 3 years, 26.0% over 5 years. Largest fall in the price of iShares S&P US Banks UCITS ETF since November 2021, in pounds: −44.4% from 07/01/2022 to 12/05/2023. The lowest 12-month return of iShares S&P US Banks UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −34.4% (12 months to 12/05/2023); the highest was +63.7% (12 months to 22/11/2024). On 13/11/2026 the price of iShares S&P US Banks UCITS ETF was 6.2% below its highest weekly close since November 2021 (14/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares S&P US Banks UCITS ETF 0.35% a year. Compared on 14/11/2026, 70 of the 164 other single-sector funds charge more, 3 the same and 91 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.35%** per year (as of 13/11/2026)
- 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, BNKS holds 38 positions, according to its published holdings. The largest is U.S. Bancorp at 7.12% of the fund; the ten largest make up 53.7%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | U.S. Bancorp | [USB](https://fundology.uk/stock/USB) | 7.12% |
| 2 | JP Morgan Chase | [JPM](https://fundology.uk/stock/JPM) | 7.02% |
| 3 | Wells Fargo | [WFC](https://fundology.uk/stock/WFC) | 6.94% |
| 4 | Citigroup | [C](https://fundology.uk/stock/C) | 6.41% |
| 5 | Bank of America | [BAC](https://fundology.uk/stock/BAC) | 5.87% |
| 6 | Truist Financial | [TFC](https://fundology.uk/stock/TFC) | 4.19% |
| 7 | Fifth Third Bancorp | [FITB](https://fundology.uk/stock/FITB) | 4.17% |
| 8 | Regions Financial | [RF](https://fundology.uk/stock/RF) | 4.04% |
| 9 | PNC Financial Services Group | [PNC](https://fundology.uk/stock/PNC) | 3.97% |
| 10 | Huntington Bancshares | [HBAN](https://fundology.uk/stock/HBAN) | 3.96% |

## 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 |
|---|---|
| Regional Banks | 54.8% |
| Diversified Banks | 44.9% |
| Cash and derivatives | 0.3% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.7% |
| Cash and money market | 0.3% |

All 40 holdings: https://fundology.uk/fund/bnks/holdings

## Questions people ask

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

The ongoing charge of BNKS is 0.35% a year — about £35 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 S&P US Banks UCITS ETF 0.35% a year. Compared on 14/11/2026, 70 of the 164 other single-sector funds charge more, 3 the same and 91 less (share classes counted once).

**What does BNKS track?**

BNKS tracks the S&P 900 Banks (Industry) 7/4 Capped Index - USD - Benchmark TR Net.

**Is BNKS accumulating or distributing?**

BNKS is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of BNKS?**

The ISIN of BNKS is IE00BD3V0B10. An ISIN identifies one exact share class of a fund; BNKS is its ticker on the London Stock Exchange. The same share class is also listed as IUS2 (Xetra, euros).

**What does BNKS hold?**

As of 06/11/2026, BNKS holds 38 positions, according to its published holdings. The largest is U.S. Bancorp at 7.12% of the fund; the ten largest make up 53.7%. Its ten largest holdings are U.S. Bancorp (7.12%), JP Morgan Chase (7.02%), Wells Fargo (6.94%), Citigroup (6.41%), Bank of America (5.87%), Truist Financial (4.19%), Fifth Third Bancorp (4.17%), Regions Financial (4.04%), PNC Financial Services Group (3.97%) and Huntington Bancshares (3.96%).

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

Calendar-year returns of BNKS in pounds (price, with income reinvested in the fund): 2022 −9.0%, 2023 −8.3%, 2024 +29.7%, 2025 +11.9%; 2026 to 13/11/2026 +8.9%. Past performance is not a guide to future returns.

**How has BNKS done after inflation?**

Over the five years to 13/11/2026 BNKS’s total return was +24.8%, or −2.6% 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/297140/ishares-s-p-u-s-banks-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-sp-us-banks-ucits-etf-usd-acc-gb-ie00bd3v0b10-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/bnks-ishares-s-p-u-s-banks-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.