# iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP (D28G) **Page:** https://fundology.uk/fund/d28g · ISIN IE000VVQWC23 ## 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, D28G (iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP, ISIN IE000VVQWC23) closed at £5.02 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the year to 13/11/2026 its total return was +2.3%, or −1.3% after UK CPIH inflation. ## Summary iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2024. It tracks the Bloomberg MSCI December 2028 Maturity USD Corporate ESG Screened Index - 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 0.15% a year — about £15 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: **£5.02** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | D28G | | ISIN | IE000VVQWC23 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg MSCI December 2028 Maturity USD Corporate ESG Screened Index - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £16.0m | | Launched | 2024 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 23/02/2024 | ## 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 | +2.34% | -1.28% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2025 +1.9%; 2026 to 13/11/2026 −2.0%. Returns of iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.6%; to 30/09/2025: −0.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2025 | +1.9% | -1.6% | Price | | 2026 to 13/11/2026 | -2.0% | -5.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 2.82% | -3.15% | ## Largest fall Volatility of iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 2.8% over 1 year. Largest fall in the price of iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP since February 2024, in pounds: −3.8% from 06/09/2024 to 02/10/2026. The lowest 12-month return of iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since February 2024 was −2.5% (12 months to 23/10/2026); the highest was +2.3% (12 months to 09/01/2026). On 13/11/2026 the price of iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP was 3.4% below its highest weekly close since February 2024 (06/09/2024), in pounds. ## Charges compared with similar funds Ongoing charge of iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP 0.15% a year. Compared on 14/11/2026, 304 of the 427 other corporate and other bond funds charge more, 27 the same and 96 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg MSCI December 2028 Maturity USD Corporate ESG Screened Index - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.12% to 0.15% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares iBonds Dec 2028 Term USD Corp UCITS ETF AccumUSD | 0.12% | +2.1% | — | — | | iShares iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP (this fund) | 0.15% | +2.3% | — | — | | iShares iBonds Dec 2028 Term USD Corp UCITS ETF USD | 0.12% | +2.1% | +0.6% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.15%** 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, D28G holds 552 positions, according to its published holdings. The largest is Pfizer Investment Enterprises Pte 4.45% 19/05/2028 at 0.91% of the fund; the ten largest make up 7.4%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Pfizer Investment Enterprises Pte 4.45% 19/05/2028 | — | 0.91% | | 2 | Amgen Inc 5.15% 02/03/2028 | — | 0.88% | | 3 | Aercap Ireland Capital Dac 3.00% 29/10/2028 | — | 0.85% | | 4 | Cigna Group 4.38% 15/10/2028 | — | 0.85% | | 5 | Salesforce Inc 4.50% 15/03/2028 | — | 0.81% | | 6 | NVIDIA Corporation 4.25% 15/06/2028 | — | 0.80% | | 7 | Paramount Skydance Corp 144A 6.30% 05/10/2028 | — | 0.60% | | 8 | Sprint Capital Corporation 6.88% 15/11/2028 | — | 0.59% | | 9 | Citibank Na 5.80% 29/09/2028 | — | 0.58% | | 10 | Amazon.Com Inc 3.85% 13/03/2028 | — | 0.54% | ## 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 | |---|---| | Banking | 15.0% | | Consumer Cyclical | 13.3% | | Health Care | 11.0% | | Capital Goods | 7.6% | | Electric | 6.3% | | Energy | 5.1% | | Communication Services | 4.9% | | Consumer Non-Cyclical | 4.4% | | Other sectors | 32.4% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 100.0% | | Cash and money market | 0.1% | All 552 holdings: https://fundology.uk/fund/d28g/holdings ## Questions people ask **What is the ongoing charge of D28G?** The ongoing charge of D28G is 0.15% a year — about £15 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 iBonds Dec 2028 Term USD Corp UCITS ETF Hedged GBP 0.15% a year. Compared on 14/11/2026, 304 of the 427 other corporate and other bond funds charge more, 27 the same and 96 less (share classes counted once). **What does D28G track?** D28G tracks the Bloomberg MSCI December 2028 Maturity USD Corporate ESG Screened Index - Benchmark TR Net. **Is D28G accumulating or distributing?** D28G 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 D28G?** The ISIN of D28G is IE000VVQWC23. An ISIN identifies one exact share class of a fund; D28G is its ticker on the London Stock Exchange. **What does D28G hold?** As of 06/11/2026, D28G holds 552 positions, according to its published holdings. The largest is Pfizer Investment Enterprises Pte 4.45% 19/05/2028 at 0.91% of the fund; the ten largest make up 7.4%. Its ten largest holdings are Pfizer Investment Enterprises Pte 4.45% 19/05/2028 (0.91%), Amgen Inc 5.15% 02/03/2028 (0.88%), Aercap Ireland Capital Dac 3.00% 29/10/2028 (0.85%), Cigna Group 4.38% 15/10/2028 (0.85%), Salesforce Inc 4.50% 15/03/2028 (0.81%), NVIDIA Corporation 4.25% 15/06/2028 (0.80%), Paramount Skydance Corp 144A 6.30% 05/10/2028 (0.60%), Sprint Capital Corporation 6.88% 15/11/2028 (0.59%), Citibank Na 5.80% 29/09/2028 (0.58%) and Amazon.Com Inc 3.85% 13/03/2028 (0.54%). **What were D28G’s returns in each of the last five years?** Calendar-year returns of D28G in pounds (price only, income paid out not included): 2025 +1.9%; 2026 to 13/11/2026 −2.0%. Past performance is not a guide to future returns. **How has D28G done after inflation?** Over the year to 13/11/2026 D28G’s total return was +2.3%, or −1.3% 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/335609/ishares-ibonds-dec-2028-term-corp-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-ibonds-dec-2028-term-corp-ucits-etf-gbp-hedged-dist-gb-ie000vvqwc23-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/d28g-ishares-ibonds-dec-2028-term-corp-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.