# iShares EUR Ultrashort Bond UCITS ETF (ERN1)

**Source:** https://fundology.uk/fund/ern1 · ISIN IE00BCRY6557 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, ERN1 (iShares EUR Ultrashort Bond UCITS ETF, ISIN IE00BCRY6557) closed at £86.27 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the five years to 30/09/2026 its total return was +11.1%, or −13.1% after UK CPIH inflation.

## Summary

iShares EUR Ultrashort Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2013. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.09% a year — about £9 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.

> **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started.

Latest close: **£86.27** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | ERN1 |
| ISIN | IE00BCRY6557 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | iShares |
| Tracks | Markit iBoxx EUR Liquid Investment Grade Ultrashort Index - EUR |
| Income | Distributing |
| Ongoing charge | 0.09% a year (£9 per £10,000) |
| Fund size | £2.2bn |
| Launched | 2013 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +0.39% | -2.76% | income reinvested |
| 3 years | +8.64% | -1.97% | income reinvested |
| 5 years | +11.14% | -13.12% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of iShares EUR Ultrashort Bond UCITS ETF 0.09% a year, as of 01/10/2026: 227 of the 280 other leveraged and inverse products charge more, 5 the same and 48 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.09%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 29/09/2026):

| Holding | Weight |
|---|---|
| Blk Leaf Fund Agency Acc T0 | 3.96% |
| ABN AMRO BANK NV MTN RegS | 1.46% |
| WELLS FARGO & COMPANY MTN RegS | 1.37% |
| Societe Generale | 1.22% |
| NORDEA BANK ABP MTN RegS | 1.19% |
| Skandinaviska Enskilda Banken | 1.18% |
| COOPERATIEVE RABOBANK UA MTN RegS | 1.15% |
| ELECTRICITE DE FRANCE SA MTN RegS | 1.09% |
| Canadian Imperial Bank of Commerce | 1.00% |
| Morgan Stanley Mtn | 0.97% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

As published by iShares, as of 29/09/2026.

| Sector | Weight |
|---|---|
| Banking | 36.2% |
| Consumer Cyclical | 8.2% |
| Capital Goods | 6.2% |
| Health Care | 5.6% |
| Consumer Non-Cyclical | 5.4% |
| Communication Services | 5.2% |
| Owned No Guarantee | 4.3% |
| Cash and derivatives | 3.9% |
| Other sectors | 25.0% |

### By country

As published by iShares, as of 29/09/2026.

| Country | Weight |
|---|---|
| United States | 18.3% |
| France | 15.5% |
| Germany | 12.9% |
| United Kingdom | 6.9% |
| Netherlands | 5.5% |
| Spain | 5.2% |
| Canada | 4.8% |
| Italy | 4.5% |
| Other countries | 26.5% |

### By type of asset

Added up from the holdings iShares publishes, as of 29/09/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 96.0% |
| Cash and money market | 4.0% |

All 441 holdings: https://fundology.uk/fund/ern1/holdings

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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.