ETF · iShares
ICBH iShares USD Intermediate Credit Bond UCITS ETF Hedged GBP
ISIN IE0002O230L3London Stock Exchange: ICBHBlackRock, Inc.
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£4.90
on
- Ongoing charge
- 0.18% a year
- Fund size
- £873k
As of , at least 15 min delayed
At a glance
As of 13/11/2026, ICBH (iShares USD Intermediate Credit Bond UCITS ETF Hedged GBP, ISIN IE0002O230L3) closed at £4.90 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the year to 13/11/2026 its total return was −0.4%, or −3.9% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.4%
- −3.9% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK 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 USD Intermediate Credit Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2026 to 13/11/2026 −6.0%. Returns of iShares USD Intermediate Credit Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −6.0% | −9.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −5.1% | −8.5% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
3.9%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since May 2025
- −6.2%
- From to
- Below its highest weekly close since May 2025
- 6.2%
- High of , latest
In words: Volatility of iShares USD Intermediate Credit Bond UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 3.9% over 1 year. Largest fall in the price of iShares USD Intermediate Credit Bond UCITS ETF Hedged GBP since May 2025, in pounds: −6.2% from 09/01/2026 to 16/10/2026. On 13/11/2026 the price of iShares USD Intermediate Credit Bond UCITS ETF Hedged GBP was 6.2% below its highest weekly close since May 2025 (09/01/2026), in pounds.
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
- 0.18%
- a year
- On £10,000
- £18
- a year, roughly
- Over five years
- £90
- of £10,000, before growth
- 145 charge less
- 10 the same
- 272 charge more
Ongoing charge of iShares USD Intermediate Credit Bond UCITS ETF Hedged GBP 0.18% a year. Compared on 14/11/2026, 272 of the 427 other corporate and other bond funds charge more, 10 the same and 145 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares USD Intermediate Credit Bond UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2025.
It tracks the Bloomberg U.S. Intermediate Credit Index - Benchmark TR Net.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.18% a year — about £18 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.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- ICBH
- ISIN
- IE0002O230L3
- Provider
- iShares
- 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
- 0.18% a year · about £18 on £10,000
- Fund size
- £873k
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Corporate & other bonds
Price chart
Over the last year, the closing price went from £5.17 on 14/11/2025 to £4.90 on 13/11/2026 (−5.3%). The lowest close shown was £4.89 on 16/10/2026 and the highest £5.22 on 09/01/2026.
One close a week. Before 17/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
78 weekly closes, from 16/05/2025 to 13/11/2026. The same history in November 2026 pounds, adjusted with 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
What it holds
- Holdings
- 5,251
- 6,001 reported in all
- Ten largest
- 1.2%
- of the whole fund
- Effective number of holdings
- 3,311
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.1%
- International Bank for Reconstruct Mtn 4.63% 15/01/2032
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | International Bank for Reconstruct Mtn 4.63% 15/01/2032Supranational | 0.15% |
| 2 | Blk Ics USD Leaf Agency DistCash and derivatives | 0.13% |
| 3 | International Bank for Reconstruct 1.25% 10/02/2031Supranational | 0.13% |
| 4 | International Bank for Reconstruct 3.50% 12/07/2028Supranational | 0.13% |
| 5 | European Investment Bank 3.88% 15/06/2028Supranational | 0.12% |
| 6 | Asian Development Bank Mtn 3.75% 25/04/2028Supranational | 0.11% |
| 7 | Asian Development Bank Mtn 4.38% 06/03/2029Supranational | 0.11% |
| 8 | International Bank for Reconstruct 3.50% 28/10/2030Supranational | 0.11% |
| 9 | International Bank for Reconstruct 4.00% 10/01/2031Supranational | 0.11% |
| 10 | Bank of America Corp 3.42% 20/12/2028Banking | 0.10% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Banking24.4%
- Health Care6.8%
- Supranational6.7%
- Electric6.7%
- Consumer Cyclical6.5%
- Communication Services5.4%
- Energy5.1%
- Capital Goods4.9%
- Other sectors33.4%
By type of asset
- Bonds99.9%
- Cash and money market0.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 6,001 holdings; the ten largest make up 1.2% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track Bloomberg U.S. Intermediate Credit Index - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.18% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares USD Intermediate Credit Bond UCITS ETFDistributing · 0.15% a year | 0.15% | +0.2% | +8.6% | +9.1% |
| iShares USD Intermediate Credit Bond UCITS ETF Hedged GBPThis fundDistributing · Currency hedged · 0.18% a year | 0.18% | −0.4% | Not reported | Not reported |
As of
Bloomberg U.S. Intermediate Credit funds compared: charges, sizes and share classes
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 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The largest fall since May 2025, 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 and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of ICBH?
The ongoing charge of ICBH is 0.18% a year — about £18 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 USD Intermediate Credit Bond UCITS ETF Hedged GBP 0.18% a year. Compared on 14/11/2026, 272 of the 427 other corporate and other bond funds charge more, 10 the same and 145 less (share classes counted once).
What does ICBH track?
ICBH tracks the Bloomberg U.S. Intermediate Credit Index - Benchmark TR Net.
Is ICBH accumulating or distributing?
ICBH 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 ICBH?
The ISIN of ICBH is IE0002O230L3. An ISIN identifies one exact share class of a fund; ICBH is its ticker on the London Stock Exchange.
What does ICBH hold?
As of 06/11/2026, ICBH holds 6,001 positions, according to its published holdings. The largest is International Bank for Reconstruct Mtn 4.63% 15/01/2032 at 0.15% of the fund; the ten largest make up 1.2%. Its ten largest holdings are International Bank for Reconstruct Mtn 4.63% 15/01/2032 (0.15%), Blk Ics USD Leaf Agency Dist (0.13%), International Bank for Reconstruct 1.25% 10/02/2031 (0.13%), International Bank for Reconstruct 3.50% 12/07/2028 (0.13%), European Investment Bank 3.88% 15/06/2028 (0.12%), Asian Development Bank Mtn 3.75% 25/04/2028 (0.11%), Asian Development Bank Mtn 4.38% 06/03/2029 (0.11%), International Bank for Reconstruct 3.50% 28/10/2030 (0.11%), International Bank for Reconstruct 4.00% 10/01/2031 (0.11%) and Bank of America Corp 3.42% 20/12/2028 (0.10%).
What were ICBH’s returns in each of the last five years?
Calendar-year returns of ICBH in pounds (price only, income paid out not included): 2026 to 13/11/2026 −6.0%. Past performance is not a guide to future returns.
How has ICBH done after inflation?
Over the year to 13/11/2026 ICBH’s total return was −0.4%, or −3.9% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- IEBCiShares Core EUR Corp Bond UCITS ETF0.09% a year · £8.5bn
- SDIAiShares USD Short Duration Corp Bond UCITS ETF Unhedged USD0.20% a year · £5.0bn
- USC5State Street SPDR Bloomberg 1-5 Year U.S. Corporate Bond UCITS ETF Accum USD0.11% a year · £4.4bn
- SHYGiShares Euro High Yield Corp Bond UCITS ETF EUR0.50% a year · £4.4bn
- LQDAiShares USD Corp Bond UCITS ETF Acc0.20% a year · £4.1bn
- XBLCXtrackers II EUR Corporate Bond UCITS ETF0.09% a year · £3.9bn
- ECRPAmundi EUR Corporate Bond ESG UCITS ETF DR- Capitalisation0.19% a year · £3.6bn
- SUOEiShares Euro Corp Bond ESG SRI UCITS ETF Shs EUR0.14% a year · £3.3bn
Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.