# iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS)

**Source:** https://fundology.uk/fund/flos · ISIN IE00BF7TPM11 · 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, FLOS (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist), ISIN IE00BF7TPM11) closed at £4.80 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 30/09/2026 its total return was +22.6%, or −4.1% after UK CPIH inflation.

## Summary

iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) 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 0.12% a year — about £12 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: **£4.80** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | FLOS |
| ISIN | IE00BF7TPM11 |
| Category | Cash-like & short-term |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg US Floating Rate Notes (<5 Y) |
| Income | Distributing |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £49.1m |
| 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 | +4.35% | +1.07% | income reinvested |
| 3 years | +16.65% | +5.27% | income reinvested |
| 5 years | +22.64% | -4.13% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) in pounds (price only, income paid out not included): 2022 −0.7%, 2023 +0.4%, 2024 +0.2%, 2025 −0.4%; 2026 to 30/09/2026 +1.2%. Returns of iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.4%; to 30/09/2025: −0.2%; to 30/09/2024: −0.1%; to 30/09/2023: +1.8%; to 30/09/2022: −0.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -0.7% | -9.1% | Price |
| 2023 | +0.4% | -3.6% | Price |
| 2024 | +0.2% | -3.2% | Price |
| 2025 | -0.4% | -3.8% | Price |
| 2026 to 30/09/2026 | +1.2% | -1.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 3.19% | -2.48% |
| 3 years | 3.81% | -3.17% |
| 5 years | 3.30% | -3.17% |

## Largest fall

Volatility of iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) in pounds, annualised from weekly returns to 30/09/2026: 3.2% over 1 year, 3.8% over 3 years, 3.3% over 5 years. Largest fall in the price of iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) since October 2021, in pounds: −3.2% from 10/05/2024 to 14/11/2025. The lowest 12-month return of iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) in pounds (price only, income paid out not included) since January 2021 was −1.9% (12 months to 11/04/2025); the highest was +2.3% (12 months to 10/11/2023). On 30/09/2026 the price of iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) was 1.5% below its highest weekly close since October 2021 (10/05/2024), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) 0.12% a year, as of 01/10/2026: 6 of the 30 other cash-like and short-term funds charge more, 3 the same and 21 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) (this fund) | 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 | 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): **0.12%** 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.