# iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist (DPYG)

**Page:** https://fundology.uk/fund/dpyg · ISIN IE00BDZVHC96

## 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, DPYG (iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist, ISIN IE00BDZVHC96) closed at £5.21 on the London Stock Exchange. Its ongoing charge is 0.64% a year (about £64 on £10,000). Over the five years to 13/11/2026 its total return was +1.9%, or −20.5% after UK CPIH inflation.

## Summary

iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the FTSE EPRA Nareit Developed Dividend+. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.64% a year — about £64 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: **£5.21** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | DPYG |
| ISIN | IE00BDZVHC96 |
| Category | Property & infrastructure |
| Type | ETF |
| Provider | iShares |
| Tracks | FTSE EPRA Nareit Developed Dividend+ |
| Income | Distributing |
| Ongoing charge | 0.64% a year (£64 per £10,000) |
| Fund size | £90.6m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 08/03/2018 |

## 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 | +6.88% | +3.10% | income reinvested |
| 3 years | +38.08% | +24.75% | income reinvested |
| 5 years | +1.89% | -20.47% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included): 2022 −25.4%, 2023 +6.0%, 2024 −0.5%, 2025 +2.6%; 2026 to 13/11/2026 +5.9%. Returns of iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −1.2%; to 30/09/2025: −3.1%; to 30/09/2024: +21.8%; to 30/09/2023: −3.9%; to 30/09/2022: −21.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -25.4% | -31.7% | Price |
| 2023 | +6.0% | +1.8% | Price |
| 2024 | -0.5% | -3.9% | Price |
| 2025 | +2.6% | -0.9% | Price |
| 2026 to 13/11/2026 | +5.9% | +2.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.31% | -11.72% |
| 3 years | 13.47% | -14.90% |
| 5 years | 15.43% | -34.19% |

## Largest fall

Volatility of iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist in pounds, annualised from weekly returns to 13/11/2026: 13.3% over 1 year, 13.5% over 3 years, 15.4% over 5 years. Largest fall in the price of iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist since November 2021, in pounds: −34.2% from 31/12/2021 to 27/10/2023. The lowest 12-month return of iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included) since January 2021 was −27.3% (12 months to 21/10/2022); the highest was +27.8% (12 months to 25/10/2024). On 13/11/2026 the price of iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist was 14.4% below its highest weekly close since November 2021 (31/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist 0.64% a year. Compared on 14/11/2026, 5 of the 45 other property and infrastructure funds charge more, 1 the same and 39 less (share classes counted once).

## Funds tracking the same index

4 funds track FTSE EPRA Nareit Developed Dividend+, this one included and share classes counted once; their ongoing charges range from 0.59% to 0.64% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Developed Markets Property Yield UCITS ETF | 0.59% | +5.1% | +28.2% | -0.1% |
| iShares Developed Markets Property Yield UCITS ETF Acc | 0.59% | +5.7% | +28.4% | +0.2% |
| iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc | 0.64% | -0.4% | +26.3% | -6.8% |
| iShares Developed Markets Property Yield UCITS ETF GBP Hedged Dist (this fund) | 0.64% | +6.9% | +38.1% | +1.9% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.64%** per year
- 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, DPYG holds 319 positions, according to its published holdings. The largest is Prologis at 7.02% of the fund; the ten largest make up 36.8%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Prologis | [PLD](https://fundology.uk/stock/PLD) | 7.02% |
| 2 | Equinix | [EQIX](https://fundology.uk/stock/EQIX) | 5.83% |
| 3 | Simon Property Group | [SPG](https://fundology.uk/stock/SPG) | 4.27% |
| 4 | Digital Realty Trust | [DLR](https://fundology.uk/stock/DLR) | 3.78% |
| 5 | Public Storage | [PSA](https://fundology.uk/stock/PSA) | 3.32% |
| 6 | Realty Income | [O](https://fundology.uk/stock/O) | 3.22% |
| 7 | Vivmark Residential | [VMRK](https://fundology.uk/stock/VMRK) | 2.91% |
| 8 | Ventas | [VTR](https://fundology.uk/stock/VTR) | 2.65% |
| 9 | Extra Space Storage | [EXR](https://fundology.uk/stock/EXR) | 1.95% |
| 10 | Iron Mountain | — | 1.84% |

## 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 |
|---|---|
| Retail Reits | 19.6% |
| Other Specialty REITs | 15.2% |
| Residential Reits | 11.5% |
| Real Estate Holding and Development | 10.6% |
| Diversified Reits | 6.9% |
| Office REITs | 5.5% |
| Hotel and Lodging REITs | 4.5% |
| Cash and derivatives | 0.6% |
| Other sectors | 25.6% |

### By country

As published for the fund, as of 06/11/2026.

| Country | Weight |
|---|---|
| United States | 66.1% |
| Japan | 7.3% |
| United Kingdom | 4.0% |
| Australia | 3.7% |
| Hong Kong | 3.7% |
| Singapore | 3.4% |
| Canada | 2.2% |
| France | 1.9% |
| Other countries | 7.7% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.5% |
| Cash and money market | 0.6% |

All 322 holdings: https://fundology.uk/fund/dpyg/holdings

## Questions people ask

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

The ongoing charge of DPYG is 0.64% a year — about £64 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 Developed Markets Property Yield UCITS ETF GBP Hedged Dist 0.64% a year. Compared on 14/11/2026, 5 of the 45 other property and infrastructure funds charge more, 1 the same and 39 less (share classes counted once).

**What does DPYG track?**

DPYG tracks the FTSE EPRA Nareit Developed Dividend+.

**Is DPYG accumulating or distributing?**

DPYG 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 DPYG?**

The ISIN of DPYG is IE00BDZVHC96. An ISIN identifies one exact share class of a fund; DPYG is its ticker on the London Stock Exchange.

**What does DPYG hold?**

As of 06/11/2026, DPYG holds 319 positions, according to its published holdings. The largest is Prologis at 7.02% of the fund; the ten largest make up 36.8%. Its ten largest holdings are Prologis (7.02%), Equinix (5.83%), Simon Property Group (4.27%), Digital Realty Trust (3.78%), Public Storage (3.32%), Realty Income (3.22%), Vivmark Residential (2.91%), Ventas (2.65%), Extra Space Storage (1.95%) and Iron Mountain (1.84%).

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

Calendar-year returns of DPYG in pounds (price only, income paid out not included): 2022 −25.4%, 2023 +6.0%, 2024 −0.5%, 2025 +2.6%; 2026 to 13/11/2026 +5.9%. Past performance is not a guide to future returns.

**How has DPYG done after inflation?**

Over the five years to 13/11/2026 DPYG’s total return was +1.9%, or −20.5% 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/295693/ishares-developed-markets-property-yield-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-developed-markets-property-yield-ucits-etf-gbp-hedged-dist-gb-ie00bdzvhc96-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/dpyg-ishares-developed-markets-property-yield-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.