ETF · iShares
GILG iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP
ISIN IE00BMDBML89London Stock Exchange: GILGBlackRock, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- Currency hedged
Latest close
LSE£4.41
on
- Ongoing charge
- 0.20% a year
- Fund size
- £204m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, GILG (iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP, ISIN IE00BMDBML89) closed at £4.41 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 30/09/2026 its total return was +3.1%, or −19.4% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- −0.4%
- −3.6% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +8.2%
- −2.3% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +3.1%
- −19.4% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,031 on 30/09/2026 — about £806 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2022 −19.0%, 2023 +2.3%, 2024 −1.8%, 2025 +3.1%; 2026 to 30/09/2026 −2.0%. Returns of iShares III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −1.5%; to 30/09/2025: −0.7%; to 30/09/2024: +7.4%; to 30/09/2023: −3.7%; to 30/09/2022: −17.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −2.0% | −4.7% | |
| +3.1% | −0.4% | ||
| −1.8% | −5.1% | ||
| +2.3% | −1.8% | ||
| −19.0% | −25.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −1.5% | Not available |
| from | −0.7% | −4.6% |
| from | +7.4% | +4.6% |
| from | −3.7% | −9.5% |
| from | −17.1% | −23.8% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
7.5%over 5 years
| 1 year | 3.5% |
|---|---|
| 3 years | 5.1% |
| 5 years | 7.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2021
- −24.6%
- From to
- Lowest 12-month return
- −22.4%
- 12 months to
- Highest 12-month return
- +8.2%
- 12 months to
- Below its highest weekly close since October 2021
- 19.3%
- High of , latest
In words: Volatility of iShares III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 30/09/2026: 3.5% over 1 year, 5.1% over 3 years, 7.5% over 5 years. Largest fall in the price of iShares III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP since October 2021, in pounds: −24.6% from 03/12/2021 to 14/10/2022. The lowest 12-month return of iShares III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since January 2021 was −22.4% (12 months to 14/10/2022); the highest was +8.2% (12 months to 04/10/2024). On 30/09/2026 the price of iShares III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP was 19.3% below its highest weekly close since October 2021 (03/12/2021), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.20%
- a year
- On £10,000
- £20
- a year, roughly
- Over five years
- £100
- of £10,000, before growth
- 196 charge less
- 24 the same
- 54 charge more
Ongoing charge of iShares III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP 0.20% a year, as of 01/10/2026: 54 of the 274 other government bond funds charge more, 24 the same and 196 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2020.
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 0.2% a year — about £20 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- GILG
- ISIN
- IE00BMDBML89
- Provider
- iShares
- Tracks
- Bloomberg World Govt Inflation-Linked
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.20% a year · about £20 on £10,000
- Fund size
- £204m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Since 31/07/2026, the closing price went from £4.49 on 31/07/2026 to £4.41 on 30/09/2026 (−1.8%). The lowest close shown was £4.41 on 30/09/2026 and the highest £4.52 on 28/08/2026.
Chart: closing prices we have recorded since 31/07/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
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 (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| iShares Global Inflation Linked Govt Bond UCITS ETFAccumulating · 0.25% a year | −0.6% | −12.5% |
| iShares Global Inflation Linked Govt Bond UCITS ETFDistributing · 0.25% a year | −4.3% | −18.2% |
| iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBPThis fundDistributing · Currency hedged · 0.20% a year | −0.4% | +3.1% |
| Xtrackers II Global Inflation-Linked Bond UCITS ETFAccumulating · 0.25% a year | −3.9% | −18.7% |
| Xtrackers II Global Inflation-Linked Bond UCITS ETFAccumulating | −0.3% | −12.2% |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since October 2021, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 30/09/2026 (146 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of GILG?
The ongoing charge of GILG is 0.20% a year — about £20 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 III PLC - iShares Global Inflation Linked Government Bond UCITS ETF Hedged GBP 0.20% a year, as of 01/10/2026: 54 of the 274 other government bond funds charge more, 24 the same and 196 less (share classes counted once).
What does GILG track?
GILG tracks the Bloomberg World Govt Inflation-Linked.
Is GILG accumulating or distributing?
GILG 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 GILG?
The ISIN of GILG is IE00BMDBML89. An ISIN identifies one exact share class of a fund; GILG is its ticker on the London Stock Exchange.
What were GILG’s returns in each of the last five years?
Calendar-year returns of GILG in pounds (price only, income paid out not included): 2022 −19.0%, 2023 +2.3%, 2024 −1.8%, 2025 +3.1%; 2026 to 30/09/2026 −2.0%. Past performance is not a guide to future returns.
How has GILG done after inflation?
Over the five years to 30/09/2026 GILG’s total return was +3.1%, or −19.4% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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