# WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged (COGO) **Page:** https://fundology.uk/fund/cogo · ISIN IE00BFNNN459 ## 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, COGO (WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged, ISIN IE00BFNNN459) closed at £89.57 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 13/11/2026 its total return was +15.0%, or −10.2% after UK CPIH inflation. ## Summary WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged is an exchange-traded fund (ETF) from WisdomTree, launched in 2018. It tracks the iBoxx Contingent Convertible Liquid Developed Europe AT1 Index - GBP - Benchmark TR Net Hedged. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.39% a year — about £39 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: **£89.57** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | COGO | | ISIN | IE00BFNNN459 | | Category | Corporate & other bonds | | Type | ETF | | Provider | WisdomTree | | Tracks | iBoxx Contingent Convertible Liquid Developed Europe AT1 Index - GBP - Benchmark TR Net Hedged | | Income | Distributing | | Ongoing charge | 0.39% a year (£39 per £10,000) | | Fund size | £5.5m | | Launched | 2018 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/08/2018 | ## 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 | +3.98% | +0.30% | income reinvested | | 3 years | +34.52% | +21.54% | income reinvested | | 5 years | +15.02% | -10.22% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged in pounds (price only, income paid out not included): 2022 −16.9%, 2023 −2.1%, 2024 +2.1%, 2025 +4.4%; 2026 to 13/11/2026 −2.6%. Returns of WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.0%; to 30/09/2025: +2.9%; to 30/09/2024: +12.5%; to 30/09/2023: −2.2%; to 30/09/2022: −23.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -16.9% | -23.9% | Price | | 2023 | -2.1% | -6.0% | Price | | 2024 | +2.1% | -1.4% | Price | | 2025 | +4.4% | +0.8% | Price | | 2026 to 13/11/2026 | -2.6% | -5.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 4.64% | -5.94% | | 3 years | 5.87% | -5.94% | | 5 years | 10.15% | -31.61% | ## Largest fall Volatility of WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged in pounds, annualised from weekly returns to 13/11/2026: 4.6% over 1 year, 5.9% over 3 years, 10.2% over 5 years. Largest fall in the price of WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged since November 2021, in pounds: −31.6% from 31/12/2021 to 24/03/2023. The lowest 12-month return of WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged in pounds (price only, income paid out not included) since January 2021 was −25.7% (12 months to 24/03/2023); the highest was +19.8% (12 months to 22/03/2024). On 13/11/2026 the price of WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged was 15.5% below its highest weekly close since November 2021 (31/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged 0.39% a year. Compared on 14/11/2026, 102 of the 427 other corporate and other bond funds charge more, 6 the same and 319 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.39%** 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. ## Questions people ask **What is the ongoing charge of COGO?** The ongoing charge of COGO is 0.39% a year — about £39 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 WisdomTree AT1 CoCo Bond UCITS ETF GBP Hedged 0.39% a year. Compared on 14/11/2026, 102 of the 427 other corporate and other bond funds charge more, 6 the same and 319 less (share classes counted once). **What does COGO track?** COGO tracks the iBoxx Contingent Convertible Liquid Developed Europe AT1 Index - GBP - Benchmark TR Net Hedged. **Is COGO accumulating or distributing?** COGO is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly. **What is the ISIN of COGO?** The ISIN of COGO is IE00BFNNN459. An ISIN identifies one exact share class of a fund; COGO is its ticker on the London Stock Exchange. **What were COGO’s returns in each of the last five years?** Calendar-year returns of COGO in pounds (price only, income paid out not included): 2022 −16.9%, 2023 −2.1%, 2024 +2.1%, 2025 +4.4%; 2026 to 13/11/2026 −2.6%. Past performance is not a guide to future returns. **How has COGO done after inflation?** Over the five years to 13/11/2026 COGO’s total return was +15.0%, or −10.2% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.