# iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) (IBGS) **Page:** https://fundology.uk/fund/ibgs · ISIN IE00B14X4Q57 ## 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, IBGS (iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist), ISIN IE00B14X4Q57) closed at £116.64 on the London Stock Exchange. Its ongoing charge is 0.11% a year (about £11 on £10,000). Over the five years to 13/11/2026 its total return was +2.1%, or −20.3% after UK CPIH inflation. ## Summary iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) is an exchange-traded fund (ETF) from iShares, launched in 2006. It tracks the Bloomberg Euro Aggregate Government (1-3 Y). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.11% a year — about £11 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. Latest close: **£116.64** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | IBGS | | ISIN | IE00B14X4Q57 | | Also listed as | IBCA (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg Euro Aggregate Government (1-3 Y) | | Income | Distributing | | Ongoing charge | 0.11% a year (£11 per £10,000) | | Fund size | £1.5bn | | Launched | 2006 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/06/2010 | ## 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 | -4.50% | -7.88% | income reinvested | | 3 years | +3.34% | -6.64% | income reinvested | | 5 years | +2.14% | -20.28% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) in pounds (price only, income paid out not included): 2022 +1.0%, 2023 +1.5%, 2024 −4.2%, 2025 +4.9%; 2026 to 13/11/2026 −5.6%. Returns of iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −3.5%; to 30/09/2025: +4.6%; to 30/09/2024: −1.7%; to 30/09/2023: −0.7%; to 30/09/2022: −1.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +1.0% | -7.5% | Price | | 2023 | +1.5% | -2.5% | Price | | 2024 | -4.2% | -7.5% | Price | | 2025 | +4.9% | +1.3% | Price | | 2026 to 13/11/2026 | -5.6% | -8.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.95% | -7.21% | | 3 years | 4.32% | -7.21% | | 5 years | 4.94% | -7.21% | ## Largest fall Volatility of iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) in pounds, annualised from weekly returns to 13/11/2026: 3.9% over 1 year, 4.3% over 3 years, 4.9% over 5 years. Largest fall in the price of iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) since November 2021, in pounds: −7.2% from 27/02/2026 to 30/10/2026. The lowest 12-month return of iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) in pounds (price only, income paid out not included) since January 2021 was −8.2% (12 months to 07/01/2022); the highest was +6.3% (12 months to 07/11/2025). On 13/11/2026 the price of iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) was 7.0% below its highest weekly close since November 2021 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) 0.11% a year. Compared on 14/11/2026, 180 of the 311 other government bond funds charge more, 3 the same and 128 less (share classes counted once). ## Funds tracking the same index 2 funds track Bloomberg Euro Aggregate Government (1-3 Y), this one included and share classes counted once; their ongoing charges range from 0.11% to 0.11% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC) | 0.11% | -4.5% | +3.3% | +2.1% | | iShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist) (this fund) | 0.11% | -4.5% | +3.3% | +2.1% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.11%** per year (as of 13/11/2026) - 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, IBGS holds 15 positions, according to its published holdings. The largest is France (Republic Of) 2.40% 24/09/2028 at 15.27% of the fund; the ten largest make up 79.6%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | France (Republic Of) 2.40% 24/09/2028 | — | 15.27% | | 2 | France (Republic Of) 2.40% 24/09/2029 | — | 10.42% | | 3 | GERMANY (FEDERAL REPUBLIC OF) RegS 2.50% 14/06/2028 | — | 7.28% | | 4 | GERMANY (FEDERAL REPUBLIC OF) RegS 2.70% 13/09/2028 | — | 7.23% | | 5 | Spain (Kingdom Of) 2.40% 31/05/2028 | — | 7.18% | | 6 | GERMANY (FEDERAL REPUBLIC OF) RegS 2.10% 15/03/2028 | — | 7.13% | | 7 | Spain (Kingdom Of) 2.35% 31/03/2029 | — | 6.86% | | 8 | Germany (Federal Republic Of) 2.00% 16/12/2027 | — | 6.82% | | 9 | ITALY (REPUBLIC OF) RegS 2.20% 28/02/2028 | — | 6.00% | | 10 | ITALY (REPUBLIC OF) RegS 2.40% 15/03/2029 | — | 5.44% | ## 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 | 99.9% | | Cash and derivatives | 0.1% | ### By country As published for the fund, as of 06/11/2026. | Country | Weight | |---|---| | Germany | 32.1% | | Italy | 28.1% | | France | 25.7% | | Spain | 14.0% | | Cash and derivatives | 0.1% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | All 17 holdings: https://fundology.uk/fund/ibgs/holdings ## Questions people ask **What is the ongoing charge of IBGS?** The ongoing charge of IBGS is 0.11% a year — about £11 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 EUR Govt Bond 1-3 UCITS ETF EUR (Dist) 0.11% a year. Compared on 14/11/2026, 180 of the 311 other government bond funds charge more, 3 the same and 128 less (share classes counted once). **What does IBGS track?** IBGS tracks the Bloomberg Euro Aggregate Government (1-3 Y). **Is IBGS accumulating or distributing?** IBGS is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of IBGS?** The ISIN of IBGS is IE00B14X4Q57. An ISIN identifies one exact share class of a fund; IBGS is its ticker on the London Stock Exchange. The same share class is also listed as IBCA (Xetra, euros). **What does IBGS hold?** As of 06/11/2026, IBGS holds 15 positions, according to its published holdings. The largest is France (Republic Of) 2.40% 24/09/2028 at 15.27% of the fund; the ten largest make up 79.6%. Its ten largest holdings are France (Republic Of) 2.40% 24/09/2028 (15.27%), France (Republic Of) 2.40% 24/09/2029 (10.42%), GERMANY (FEDERAL REPUBLIC OF) RegS 2.50% 14/06/2028 (7.28%), GERMANY (FEDERAL REPUBLIC OF) RegS 2.70% 13/09/2028 (7.23%), Spain (Kingdom Of) 2.40% 31/05/2028 (7.18%), GERMANY (FEDERAL REPUBLIC OF) RegS 2.10% 15/03/2028 (7.13%), Spain (Kingdom Of) 2.35% 31/03/2029 (6.86%), Germany (Federal Republic Of) 2.00% 16/12/2027 (6.82%), ITALY (REPUBLIC OF) RegS 2.20% 28/02/2028 (6.00%) and ITALY (REPUBLIC OF) RegS 2.40% 15/03/2029 (5.44%). **What were IBGS’s returns in each of the last five years?** Calendar-year returns of IBGS in pounds (price only, income paid out not included): 2022 +1.0%, 2023 +1.5%, 2024 −4.2%, 2025 +4.9%; 2026 to 13/11/2026 −5.6%. Past performance is not a guide to future returns. **How has IBGS done after inflation?** Over the five years to 13/11/2026 IBGS’s total return was +2.1%, or −20.3% 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/251733/ishares-euro-government-bond-13yr-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-govt-bond-1-3yr-ucits-etf-eur-dist-gb-ie00b14x4q57-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ibgs-ishares-govt-bond-1-3yr-ucits-etf-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.