# iShares China CNY Bond UCITS ETF USD (CNYB) **Page:** https://fundology.uk/fund/cnyb · ISIN IE00BYPC1H27 ## 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, CNYB (iShares China CNY Bond UCITS ETF USD, ISIN IE00BYPC1H27) closed at £4.38 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 +17.7%, or −8.2% after UK CPIH inflation. ## Summary iShares China CNY Bond UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2019. It tracks the Bloomberg China Treasury + Policy Bank Index. 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 paid out to holders as cash, usually a few times a year. Latest close: **£4.38** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | CNYB | | ISIN | IE00BYPC1H27 | | Also listed as | ICGB (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg China Treasury + Policy Bank Index | | Income | Distributing | | Ongoing charge | 0.35% a year (£35 per £10,000) | | Fund size | £434m | | Launched | 2019 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/06/2019 | ## 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 | +8.89% | +5.03% | income reinvested | | 3 years | +14.02% | +3.02% | income reinvested | | 5 years | +17.65% | -8.17% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares China CNY Bond UCITS ETF USD in pounds (price only, income paid out not included): 2022 +3.3%, 2023 −6.6%, 2024 +5.7%, 2025 −5.6%; 2026 to 13/11/2026 +9.1%. Returns of iShares China CNY Bond UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +9.2%; to 30/09/2025: −1.8%; to 30/09/2024: −1.4%; to 30/09/2023: −10.3%; to 30/09/2022: +11.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +3.3% | -5.4% | Price | | 2023 | -6.6% | -10.3% | Price | | 2024 | +5.7% | +2.1% | Price | | 2025 | -5.6% | -8.8% | Price | | 2026 to 13/11/2026 | +9.1% | +5.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.21% | -3.26% | | 3 years | 5.98% | -9.81% | | 5 years | 7.18% | -16.78% | ## Largest fall Volatility of iShares China CNY Bond UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 5.2% over 1 year, 6.0% over 3 years, 7.2% over 5 years. Largest fall in the price of iShares China CNY Bond UCITS ETF USD since November 2021, in pounds: −16.8% from 23/09/2022 to 14/07/2023. The lowest 12-month return of iShares China CNY Bond UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −13.4% (12 months to 14/07/2023); the highest was +15.5% (12 months to 23/09/2022). On 13/11/2026 the price of iShares China CNY Bond UCITS ETF USD was 6.0% below its highest weekly close since November 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of iShares China CNY Bond UCITS ETF USD 0.35% a year. Compared on 14/11/2026, 26 of the 311 other government bond funds charge more, 0 the same and 285 less (share classes counted once). ## Funds tracking the same index 5 funds track Bloomberg China Treasury + Policy Bank Index, this one included and share classes counted once; their ongoing charges range from 0.35% to 0.60% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | China Government Local Bond UCITS ETF Accum-ETFC- USD | 0.60% | +9.5% | +4.7% | — | | China Government Local Bond UCITS ETF Accum-ETFCH- USD | 0.60% | +5.1% | — | — | | China Government Local Bond UCITS ETF Accum-ETFSHGBP- GBP | 0.60% | +6.4% | +8.3% | — | | iShares China CNY Bond UCITS ETF Hedged GBP | 0.40% | +5.2% | +21.7% | +7.6% | | iShares China CNY Bond UCITS ETF USD (this fund) | 0.35% | +8.9% | +14.0% | +17.7% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## 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, CNYB holds 102 positions, according to its published holdings. The largest is China Peoples Republic of (Governm 1.61% 15/02/2035 at 8.10% of the fund; the ten largest make up 44.2%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | China Peoples Republic of (Governm 1.61% 15/02/2035 | — | 8.10% | | 2 | China Peoples Republic of (Governm 1.49% 25/12/2031 | — | 7.34% | | 3 | China Peoples Republic of (Governm 1.45% 25/02/2028 | — | 5.03% | | 4 | China Peoples Republic of (Governm 1.43% 25/01/2030 | — | 3.90% | | 5 | China Development Bank 3.48% 08/01/2029 | — | 3.89% | | 6 | China Development Bank 3.07% 10/03/2030 | — | 3.82% | | 7 | China Development Bank 3.80% 25/01/2036 | — | 3.70% | | 8 | China Peoples Republic of (Governm 1.46% 25/05/2028 | — | 2.82% | | 9 | China Peoples Republic of (Governm 1.74% 15/10/2029 | — | 2.80% | | 10 | China Peoples Republic of (Governm 2.52% 25/08/2033 | — | 2.78% | ## 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 | |---|---| | Treasury | 59.3% | | Government Related | 40.6% | | Cash and derivatives | 0.1% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | All 103 holdings: https://fundology.uk/fund/cnyb/holdings ## Questions people ask **What is the ongoing charge of CNYB?** The ongoing charge of CNYB 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 China CNY Bond UCITS ETF USD 0.35% a year. Compared on 14/11/2026, 26 of the 311 other government bond funds charge more, 0 the same and 285 less (share classes counted once). **What does CNYB track?** CNYB tracks the Bloomberg China Treasury + Policy Bank Index. **Is CNYB accumulating or distributing?** CNYB 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 CNYB?** The ISIN of CNYB is IE00BYPC1H27. An ISIN identifies one exact share class of a fund; CNYB is its ticker on the London Stock Exchange. The same share class is also listed as ICGB (Xetra, euros). **What does CNYB hold?** As of 06/11/2026, CNYB holds 102 positions, according to its published holdings. The largest is China Peoples Republic of (Governm 1.61% 15/02/2035 at 8.10% of the fund; the ten largest make up 44.2%. Its ten largest holdings are China Peoples Republic of (Governm 1.61% 15/02/2035 (8.10%), China Peoples Republic of (Governm 1.49% 25/12/2031 (7.34%), China Peoples Republic of (Governm 1.45% 25/02/2028 (5.03%), China Peoples Republic of (Governm 1.43% 25/01/2030 (3.90%), China Development Bank 3.48% 08/01/2029 (3.89%), China Development Bank 3.07% 10/03/2030 (3.82%), China Development Bank 3.80% 25/01/2036 (3.70%), China Peoples Republic of (Governm 1.46% 25/05/2028 (2.82%), China Peoples Republic of (Governm 1.74% 15/10/2029 (2.80%) and China Peoples Republic of (Governm 2.52% 25/08/2033 (2.78%). **What were CNYB’s returns in each of the last five years?** Calendar-year returns of CNYB in pounds (price only, income paid out not included): 2022 +3.3%, 2023 −6.6%, 2024 +5.7%, 2025 −5.6%; 2026 to 13/11/2026 +9.1%. Past performance is not a guide to future returns. **How has CNYB done after inflation?** Over the five years to 13/11/2026 CNYB’s total return was +17.7%, or −8.2% 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/308851/ishares-china-cny-bond-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-china-cny-bond-ucits-etf-usd-dist-gb-ie00bypc1h27-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/cnyb-ishares-china-cny-bond-ucits-etf-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.