# iShares USD Floating Rate Bond UCITS ETF Unhedged USD (FLO5)

**Source:** https://fundology.uk/fund/flo5 · ISIN IE00BZ048462 · 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, FLO5 (iShares USD Floating Rate Bond UCITS ETF Unhedged USD, ISIN IE00BZ048462) closed at £3.83 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was +27.5%, or −0.3% after UK CPIH inflation.

## Summary

iShares USD Floating Rate Bond UCITS ETF Unhedged USD is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the Bloomberg US Floating Rate Notes (<5 Y). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 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: **£3.83** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | FLO5 |
| ISIN | IE00BZ048462 |
| Category | Cash-like & short-term |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg US Floating Rate Notes (<5 Y) |
| Income | Distributing |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £293m |
| Launched | 2017 |
| 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 | +5.98% | +2.66% | income reinvested |
| 3 years | +8.05% | -2.50% | income reinvested |
| 5 years | +27.48% | -0.35% | income reinvested |

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

## Charges compared with similar funds

Ongoing charge of iShares USD Floating Rate Bond UCITS ETF Unhedged USD 0.10% a year, as of 01/10/2026: 10 of the 30 other cash-like and short-term funds charge more, 13 the same and 7 less (share classes counted once).

## Funds tracking the same index

4 funds track Bloomberg US Floating Rate Notes (<5 Y), this one included and share classes counted once; their ongoing charges range from 0.10% to 0.15% a year (30/09/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 0.12% | +4.3% | +16.7% | +22.6% |
| iShares USD Floating Rate Bond UCITS ETF Accum Hedged MXN | 0.15% | — | — | — |
| iShares USD Floating Rate Bond UCITS ETF Unhedged USD (this fund) | 0.10% | +6.0% | +8.0% | +27.5% |
| iShares USD Floating Rate Bond UCITS ETF USD | 0.10% | +5.6% | +8.1% | +26.2% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.10%** per year
- ISA eligible: yes
- SIPP eligible: yes

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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.