ETF · iShares
CE31 iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC)
ISIN IE00B3VTMJ91London Stock Exchange: CE31BlackRock, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£97.24
on
- Ongoing charge
- 0.11% a year
- Fund size
- £2.1bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, CE31 (iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC), ISIN IE00B3VTMJ91) closed at £97.24 on the London Stock Exchange. Its ongoing charge is 0.11% a year (about £11 on £10,000). Over the five years to 13/11/2026 its total return was +2.1%, or −20.3% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −4.5%
- −7.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +3.3%
- −6.7% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +2.1%
- −20.3% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,021 on 13/11/2026 — about £797 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC) in pounds (price, with income reinvested in the fund): 2022 +1.0%, 2023 +1.5%, 2024 −1.8%, 2025 +7.5%; 2026 to 13/11/2026 −3.6%. Returns of iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC) in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.3%; to 30/09/2025: +7.2%; to 30/09/2024: +0.8%; to 30/09/2023: −0.7%; to 30/09/2022: −1.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −3.6% | −6.7% | |
| to | +7.5% | +3.8% | |
| to | −1.8% | −5.1% | |
| +1.5% | −2.6% | ||
| +1.0% | −7.5% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −1.3% | −4.8% |
| from | +7.2% | +3.0% |
| from | +0.8% | −1.8% |
| from | −0.7% | −6.7% |
| from | −1.5% | −9.5% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
4.8%over 5 years
| 1 year | 3.4% |
|---|---|
| 3 years | 3.9% |
| 5 years | 4.8% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −5.0%
- From to
- Lowest 12-month return
- −8.2%
- 12 months to
- Highest 12-month return
- +8.9%
- 12 months to
- Below its highest weekly close since November 2021
- 4.8%
- High of , latest
In words: Volatility of iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC) in pounds, annualised from weekly returns to 13/11/2026: 3.4% over 1 year, 3.9% over 3 years, 4.8% over 5 years. Largest fall in the price of iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC) since November 2021, in pounds: −5.0% from 14/11/2025 to 30/10/2026. The lowest 12-month return of iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC) in pounds (price, with income reinvested in the fund) since January 2021 was −8.2% (12 months to 07/01/2022); the highest was +8.9% (12 months to 07/11/2025). On 13/11/2026 the price of iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC) was 4.8% below its highest weekly close since November 2021 (14/11/2025), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.11%
- a year
- On £10,000
- £11
- a year, roughly
- Over five years
- £55
- of £10,000, before growth
- 128 charge less
- 3 the same
- 180 charge more
Ongoing charge of iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC) 0.11% a year. Compared on 14/11/2026, 180 of the 311 other government bond funds charge more, 3 the same and 128 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC) is an exchange-traded fund (ETF) from iShares, launched in 2009.
It tracks the Bloomberg Euro Aggregate Government (1-3 Y).
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.11% a year — about £11 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- CE31
- ISIN
- IE00B3VTMJ91
- Also listed as
- CBE3 (London Stock Exchange, euros)
- Provider
- iShares
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.11% a year · about £11 on £10,000
- Fund size
- £2.1bn
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £102.09 on 14/11/2025 to £97.24 on 13/11/2026 (−4.8%). The lowest close shown was £96.99 on 30/10/2026 and the highest £102.09 on 14/11/2025.
One close a week. Before 12/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
260 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 17
- on record
- Ten largest
- 79.8%
- of the whole fund
- Effective number of holdings
- 12
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 15.4%
- France (Republic Of) 2.40% 24/09/2028
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | France (Republic Of) 2.40% 24/09/2028Treasury | 15.44% |
| 2 | France (Republic Of) 2.40% 24/09/2029Treasury | 10.28% |
| 3 | GERMANY (FEDERAL REPUBLIC OF) RegS 2.10% 15/03/2028Treasury | 7.35% |
| 4 | GERMANY (FEDERAL REPUBLIC OF) RegS 2.70% 13/09/2028Treasury | 7.26% |
| 5 | Spain (Kingdom Of) 2.40% 31/05/2028Treasury | 7.25% |
| 6 | GERMANY (FEDERAL REPUBLIC OF) RegS 2.50% 14/06/2028Treasury | 7.09% |
| 7 | Spain (Kingdom Of) 2.35% 31/03/2029Treasury | 6.82% |
| 8 | Germany (Federal Republic Of) 2.00% 16/12/2027Treasury | 6.75% |
| 9 | ITALY (REPUBLIC OF) RegS 2.20% 28/02/2028Treasury | 6.06% |
| 10 | ITALY (REPUBLIC OF) RegS 2.40% 15/03/2029Treasury | 5.49% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- Germany32.1%
- Italy28.1%
- France25.7%
- Spain14.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 17 largest and what changed since .
More of the portfolio
The fund publishes 15 holdings; the ten largest make up 79.8% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track Bloomberg Euro Aggregate Government (1-3 Y), this one included and share classes counted once; their ongoing charges range from 0.11% to 0.11% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC)This fundAccumulating · 0.11% a year | 0.11% | −4.5% | +3.3% | +2.1% |
| iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist)Distributing · 0.11% a year | 0.11% | −4.5% | +3.3% | +2.1% |
As of
Bloomberg Euro Aggregate Government (1-3 Y) funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 252 rolling 12-month returns since January 2021, and of 148 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (152 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of CE31?
The ongoing charge of CE31 is 0.11% a year — about £11 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 EUR Govt Bond 1-3 UCITS ETF EUR (ACC) 0.11% a year. Compared on 14/11/2026, 180 of the 311 other government bond funds charge more, 3 the same and 128 less (share classes counted once).
What does CE31 track?
CE31 tracks the Bloomberg Euro Aggregate Government (1-3 Y).
Is CE31 accumulating or distributing?
CE31 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 CE31?
The ISIN of CE31 is IE00B3VTMJ91. An ISIN identifies one exact share class of a fund; CE31 is its ticker on the London Stock Exchange. The same share class is also listed as CBE3 (London Stock Exchange, euros).
What does CE31 hold?
As of 06/11/2026, CE31 holds 15 positions, according to its published holdings. The largest is France (Republic Of) 2.40% 24/09/2028 at 15.44% of the fund; the ten largest make up 79.8%. Its ten largest holdings are France (Republic Of) 2.40% 24/09/2028 (15.44%), France (Republic Of) 2.40% 24/09/2029 (10.28%), GERMANY (FEDERAL REPUBLIC OF) RegS 2.10% 15/03/2028 (7.35%), GERMANY (FEDERAL REPUBLIC OF) RegS 2.70% 13/09/2028 (7.26%), Spain (Kingdom Of) 2.40% 31/05/2028 (7.25%), GERMANY (FEDERAL REPUBLIC OF) RegS 2.50% 14/06/2028 (7.09%), Spain (Kingdom Of) 2.35% 31/03/2029 (6.82%), Germany (Federal Republic Of) 2.00% 16/12/2027 (6.75%), ITALY (REPUBLIC OF) RegS 2.20% 28/02/2028 (6.06%) and ITALY (REPUBLIC OF) RegS 2.40% 15/03/2029 (5.49%).
What were CE31’s returns in each of the last five years?
Calendar-year returns of CE31 in pounds (price, with income reinvested in the fund): 2022 +1.0%, 2023 +1.5%, 2024 −1.8%, 2025 +7.5%; 2026 to 13/11/2026 −3.6%. Past performance is not a guide to future returns.
How has CE31 done after inflation?
Over the five years to 13/11/2026 CE31’s total return was +2.1%, or −20.3% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CU71iShares USD Treasury Bond 3-7yr UCITS ETF0.07% a year · £6.1bn
- IBTAiShares USD Treasury Bond 1-3yr UCITS ETF Acc0.07% a year · £5.8bn
- SEGAiShares Core EUR Govt Bond UCITS ETF0.07% a year · £4.6bn
- SEMLiShares J.P. Morgan EM Local Govt Bond UCITS ETF0.50% a year · £4.1bn
- CBU0iShares USD Treasury Bond 7-10yr UCITS ETF USD (Acc) USD0.07% a year · £3.9bn
- VETAVanguard EUR Eurozone Government Bond UCITS ETF0.07% a year · £3.4bn
- IGLTiShares Core UK Gilts UCITS ETF0.07% a year · £3.4bn
- IBTMiShares USD Treasury Bond 7-10yr UCITS ETF0.07% a year · £3.0bn
Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.