# Fidelity USD Corp Bond Research Enhanced PAB UCITS ETF Accum- Hedged GBP (FUIP)

**Source:** https://fundology.uk/fund/fuip · ISIN IE000X3MDCC5 · 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 05/10/2026, FUIP (Fidelity USD Corp Bond Research Enhanced PAB UCITS ETF Accum- Hedged GBP, ISIN IE000X3MDCC5) closed at £5.81 on the London Stock Exchange. Over the three years to 05/10/2026 its total return was +3.6%, or −6.5% after UK CPIH inflation.

## Summary

Fidelity Ucits II ICAV - Fidelity USD Corp Bond Research Enhanced PAB UCITS ETF Accum- Hedged GBP is an exchange-traded fund (ETF) from Fidelity, launched in 2023. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£5.81** (05/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | FUIP |
| ISIN | IE000X3MDCC5 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Fidelity |
| Income | Accumulating |
| Fund size | £485m |
| Launched | 2023 |
| Domicile | Ireland |

## Past returns (periods to 05/10/2026)

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 | -2.84% | -5.89% | income reinvested |
| 3 years | +3.64% | -6.47% | income reinvested |

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

## Charges & eligibility

- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

**Is FUIP accumulating or distributing?**

FUIP is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of FUIP?**

The ISIN of FUIP is IE000X3MDCC5. An ISIN identifies one exact share class of a fund; FUIP is its ticker on the London Stock Exchange.

**How has FUIP done after inflation?**

Over the three years to 05/10/2026 FUIP’s total return was +3.6%, or −6.5% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.