# iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist (GILE)

**Page:** https://fundology.uk/fund/gile · ISIN IE00BD8PH174

## 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, GILE (iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist, ISIN IE00BD8PH174) closed at €4.33 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was −21.8%, or −39.0% after UK CPIH inflation.

## Summary

iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the Bloomberg World Govt Inflation-Linked. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 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 to euros, not to the pound: it aims to remove most of the effect of exchange-rate moves against euros, so a holder who counts in pounds still has currency risk.

Latest close: **€4.33** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GILE |
| ISIN | IE00BD8PH174 |
| Category | Government bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg World Govt Inflation-Linked |
| Income | Distributing |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £76.3m |
| Launched | 2017 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/09/2017 |

## 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 | -6.89% | -10.19% | income reinvested |
| 3 years | -0.88% | -10.44% | income reinvested |
| 5 years | -21.84% | -39.00% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist in pounds (price only, income paid out not included): 2022 −15.3%, 2023 −1.1%, 2024 −7.7%, 2025 +6.1%; 2026 to 13/11/2026 −6.7%. Returns of iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.4%; to 30/09/2025: +2.5%; to 30/09/2024: +1.6%; to 30/09/2023: −6.8%; to 30/09/2022: −14.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -15.3% | -22.5% | Price |
| 2023 | -1.1% | -5.0% | Price |
| 2024 | -7.7% | -10.9% | Price |
| 2025 | +6.1% | +2.5% | Price |
| 2026 to 13/11/2026 | -6.7% | -9.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 4.69% | -9.30% |
| 3 years | 5.72% | -9.30% |
| 5 years | 7.99% | -25.78% |

## Largest fall

Volatility of iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist in pounds, annualised from weekly returns to 13/11/2026: 4.7% over 1 year, 5.7% over 3 years, 8.0% over 5 years. Largest fall in the price of iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist since November 2021, in pounds: −25.8% from 03/12/2021 to 13/11/2026. The lowest 12-month return of iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist in pounds (price only, income paid out not included) since January 2021 was −20.6% (12 months to 14/10/2022); the highest was +7.8% (12 months to 27/02/2026). On 13/11/2026 the price of iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist was 25.8% below its highest weekly close since November 2021 (03/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).

## Funds tracking the same index

5 funds track Bloomberg World Govt Inflation-Linked, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.25% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Global Inflation Linked Govt Bond UCITS ETF | 0.22% | -2.2% | +1.3% | -15.7% |
| iShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist (this fund) | 0.25% | -6.9% | -0.9% | -21.8% |
| iShares III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP | 0.20% | -0.1% | +8.6% | +4.4% |
| Xtrackers II Global Inflation-Linked Bond UCITS ETF Acc | 0.20% | -2.3% | +2.0% | -14.9% |
| Xtrackers II Global Inflation-Linked Bond UCITS ETF EUR Hedged Acc | 0.25% | -7.0% | -0.8% | -21.1% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** 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, GILE holds 155 positions, according to its published holdings. The largest is Treasury (Cpi) Note 2.13% 15/01/2035 at 1.89% of the fund; the ten largest make up 16.8%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury (Cpi) Note 2.13% 15/01/2035 | — | 1.89% |
| 2 | Treasury (Cpi) Note 0.50% 15/01/2028 | — | 1.73% |
| 3 | Treasury (Cpi) Note 1.88% 15/01/2036 | — | 1.71% |
| 4 | Treasury (Cpi) Note 1.13% 15/10/2030 | — | 1.68% |
| 5 | Treasury (Cpi) Note 1.88% 15/07/2034 | — | 1.68% |
| 6 | Treasury (Cpi) Note 1.63% 15/04/2030 | — | 1.64% |
| 7 | Treasury (Cpi) Note 1.25% 15/04/2031 | — | 1.63% |
| 8 | Treasury (Cpi) Note 1.88% 15/07/2035 | — | 1.63% |
| 9 | Treasury (Cpi) Note 0.13% 15/01/2031 | — | 1.59% |
| 10 | Treasury (Cpi) Note 0.63% 15/07/2032 | — | 1.59% |

## 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 |
|---|---|
| Treasury | 99.7% |
| Cash and derivatives | 0.3% |

### By country

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

| Country | Weight |
|---|---|
| United States | 52.2% |
| United Kingdom | 22.0% |
| France | 8.3% |
| Italy | 7.0% |
| Spain | 3.3% |
| Germany | 1.9% |
| Japan | 1.6% |
| Canada | 1.3% |
| Other countries | 2.4% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 99.7% |
| Cash and money market | 0.3% |

All 157 holdings: https://fundology.uk/fund/gile/holdings

## Questions people ask

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

The ongoing charge of GILE is 0.25% a year — about £25 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 Global Inflation Linked Govt Bond UCITS ETF EUR Hedged Dist 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).

**What does GILE track?**

GILE tracks the Bloomberg World Govt Inflation-Linked.

**Is GILE accumulating or distributing?**

GILE 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 GILE?**

The ISIN of GILE is IE00BD8PH174. An ISIN identifies one exact share class of a fund; GILE is its ticker on the London Stock Exchange.

**What does GILE hold?**

As of 06/11/2026, GILE holds 155 positions, according to its published holdings. The largest is Treasury (Cpi) Note 2.13% 15/01/2035 at 1.89% of the fund; the ten largest make up 16.8%. Its ten largest holdings are Treasury (Cpi) Note 2.13% 15/01/2035 (1.89%), Treasury (Cpi) Note 0.50% 15/01/2028 (1.73%), Treasury (Cpi) Note 1.88% 15/01/2036 (1.71%), Treasury (Cpi) Note 1.13% 15/10/2030 (1.68%), Treasury (Cpi) Note 1.88% 15/07/2034 (1.68%), Treasury (Cpi) Note 1.63% 15/04/2030 (1.64%), Treasury (Cpi) Note 1.25% 15/04/2031 (1.63%), Treasury (Cpi) Note 1.88% 15/07/2035 (1.63%), Treasury (Cpi) Note 0.13% 15/01/2031 (1.59%) and Treasury (Cpi) Note 0.63% 15/07/2032 (1.59%).

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

Calendar-year returns of GILE in pounds (price only, income paid out not included): 2022 −15.3%, 2023 −1.1%, 2024 −7.7%, 2025 +6.1%; 2026 to 13/11/2026 −6.7%. Past performance is not a guide to future returns.

**How has GILE done after inflation?**

Over the five years to 13/11/2026 GILE’s total return was −21.8%, or −39.0% 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/290710/ishares-global-inflation-linked-govt-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-global-inflation-linked-govt-bond-ucits-etf-eur-hedged-gb-ie00bd8ph174-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/gile-ishares-global-inflation-linked-govt-bond-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.