# iShares EUR Govt Bond 3-5 Year UCITS ETF (IBGX)

**Page:** https://fundology.uk/fund/ibgx · ISIN IE00B1FZS681

## 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, IBGX (iShares EUR Govt Bond 3-5 Year UCITS ETF, ISIN IE00B1FZS681) closed at £131.15 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was −5.1%, or −25.9% after UK CPIH inflation.

## Summary

iShares EUR Govt Bond 3-5 Year UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2006. It tracks the Bloomberg Euro Government Bond (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 0.15% a year — about £15 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: **£131.15** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IBGX |
| ISIN | IE00B1FZS681 |
| Also listed as | IBCN (Xetra, euros) |
| Category | Government bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg Euro Government Bond (5+ Y) |
| Income | Distributing |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £1.7bn |
| Launched | 2006 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/07/2010 |

## 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 | -6.43% | -9.74% | income reinvested |
| 3 years | +2.50% | -7.39% | income reinvested |
| 5 years | -5.13% | -25.95% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares EUR Govt Bond 3-5 Year UCITS ETF in pounds (price only, income paid out not included): 2022 −5.2%, 2023 +2.4%, 2024 −5.3%, 2025 +5.1%; 2026 to 13/11/2026 −6.5%. Returns of iShares EUR Govt Bond 3-5 Year UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.7%; to 30/09/2025: +4.2%; to 30/09/2024: +0.3%; to 30/09/2023: −1.9%; to 30/09/2022: −7.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -5.2% | -13.2% | Price |
| 2023 | +2.4% | -1.7% | Price |
| 2024 | -5.3% | -8.5% | Price |
| 2025 | +5.1% | +1.5% | Price |
| 2026 to 13/11/2026 | -6.5% | -9.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 4.29% | -8.94% |
| 3 years | 4.71% | -8.94% |
| 5 years | 5.32% | -11.92% |

## Largest fall

Volatility of iShares EUR Govt Bond 3-5 Year UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 4.3% over 1 year, 4.7% over 3 years, 5.3% over 5 years. Largest fall in the price of iShares EUR Govt Bond 3-5 Year UCITS ETF since November 2021, in pounds: −11.9% from 10/12/2021 to 30/10/2026. The lowest 12-month return of iShares EUR Govt Bond 3-5 Year UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −9.1% (12 months to 15/04/2022); the highest was +6.6% (12 months to 07/11/2025). On 13/11/2026 the price of iShares EUR Govt Bond 3-5 Year UCITS ETF was 11.7% below its highest weekly close since November 2021 (10/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares EUR Govt Bond 3-5 Year UCITS ETF 0.15% a year. Compared on 14/11/2026, 117 of the 311 other government bond funds charge more, 28 the same and 166 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** 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, IBGX holds 13 positions, according to its published holdings. The largest is France (Republic Of) 2.70% 25/02/2031 at 16.74% of the fund; the ten largest make up 86.3%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | France (Republic Of) 2.70% 25/02/2031 | — | 16.74% |
| 2 | FRANCE (REPUBLIC OF) RegS 2.75% 25/02/2030 | — | 15.53% |
| 3 | GERMANY (FEDERAL REPUBLIC OF) RegS 2.50% 16/04/2031 | — | 9.64% |
| 4 | GERMANY (FEDERAL REPUBLIC OF) RegS 2.40% 18/04/2030 | — | 8.23% |
| 5 | Germany (Federal Republic Of) 2.20% 10/10/2030 | — | 7.79% |
| 6 | GERMANY (FEDERAL REPUBLIC OF) RegS 2.90% 08/10/2031 | — | 7.29% |
| 7 | Spain (Kingdom Of) 2.70% 31/01/2030 | — | 5.93% |
| 8 | ITALY (REPUBLIC OF) RegS 2.85% 01/02/2031 | — | 5.38% |
| 9 | Italy (Republic Of) 2.70% 01/10/2030 | — | 4.93% |
| 10 | Spain (Kingdom Of) 2.60% 31/05/2031 | — | 4.89% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By country

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

| Country | Weight |
|---|---|
| Germany | 33.0% |
| France | 32.3% |
| Italy | 19.6% |
| Spain | 10.8% |
| Netherlands | 4.3% |

All 14 holdings: https://fundology.uk/fund/ibgx/holdings

## Questions people ask

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

The ongoing charge of IBGX is 0.15% a year — about £15 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 3-5 Year UCITS ETF 0.15% a year. Compared on 14/11/2026, 117 of the 311 other government bond funds charge more, 28 the same and 166 less (share classes counted once).

**What does IBGX track?**

IBGX tracks the Bloomberg Euro Government Bond (5+ Y).

**Is IBGX accumulating or distributing?**

IBGX 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 IBGX?**

The ISIN of IBGX is IE00B1FZS681. An ISIN identifies one exact share class of a fund; IBGX is its ticker on the London Stock Exchange. The same share class is also listed as IBCN (Xetra, euros).

**What does IBGX hold?**

As of 06/11/2026, IBGX holds 13 positions, according to its published holdings. The largest is France (Republic Of) 2.70% 25/02/2031 at 16.74% of the fund; the ten largest make up 86.3%. Its ten largest holdings are France (Republic Of) 2.70% 25/02/2031 (16.74%), FRANCE (REPUBLIC OF) RegS 2.75% 25/02/2030 (15.53%), GERMANY (FEDERAL REPUBLIC OF) RegS 2.50% 16/04/2031 (9.64%), GERMANY (FEDERAL REPUBLIC OF) RegS 2.40% 18/04/2030 (8.23%), Germany (Federal Republic Of) 2.20% 10/10/2030 (7.79%), GERMANY (FEDERAL REPUBLIC OF) RegS 2.90% 08/10/2031 (7.29%), Spain (Kingdom Of) 2.70% 31/01/2030 (5.93%), ITALY (REPUBLIC OF) RegS 2.85% 01/02/2031 (5.38%), Italy (Republic Of) 2.70% 01/10/2030 (4.93%) and Spain (Kingdom Of) 2.60% 31/05/2031 (4.89%).

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

Calendar-year returns of IBGX in pounds (price only, income paid out not included): 2022 −5.2%, 2023 +2.4%, 2024 −5.3%, 2025 +5.1%; 2026 to 13/11/2026 −6.5%. Past performance is not a guide to future returns.

**How has IBGX done after inflation?**

Over the five years to 13/11/2026 IBGX’s total return was −5.1%, or −25.9% 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/251736/ishares-euro-government-bond-35yr-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-govt-bond-3-5yr-ucits-etf-eur-dist-gb-ie00b1fzs681-en.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.