# iShares USD Intermediate Credit Bond UCITS ETF (ICBU) **Page:** https://fundology.uk/fund/icbu · ISIN IE00BDQZ5152 ## 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, ICBU (iShares USD Intermediate Credit Bond UCITS ETF, ISIN IE00BDQZ5152) closed at $4.70 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 +9.1%, or −14.8% after UK CPIH inflation. ## Summary iShares USD Intermediate Credit Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2017. 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 0.15% 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: **$4.70** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | ICBU | | ISIN | IE00BDQZ5152 | | Also listed as | SXRF (Xetra, euros) | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg U.S. Intermediate Credit Index - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £531m | | Launched | 2017 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 27/04/2017 | ## 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 | +0.23% | -3.32% | income reinvested | | 3 years | +8.63% | -1.86% | income reinvested | | 5 years | +9.13% | -14.82% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD Intermediate Credit Bond UCITS ETF in pounds (price only, income paid out not included): 2022 +0.1%, 2023 −1.9%, 2024 +2.3%, 2025 −4.7%; 2026 to 13/11/2026 −4.5%. Returns of iShares USD Intermediate Credit Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −3.9%; to 30/09/2025: +0.1%; to 30/09/2024: −1.9%; to 30/09/2023: −9.3%; to 30/09/2022: +6.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +0.1% | -8.4% | Price | | 2023 | -1.9% | -5.8% | Price | | 2024 | +2.3% | -1.2% | Price | | 2025 | -4.7% | -8.0% | Price | | 2026 to 13/11/2026 | -4.5% | -7.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.97% | -7.30% | | 3 years | 6.42% | -10.21% | | 5 years | 7.26% | -15.20% | ## Largest fall Volatility of iShares USD Intermediate Credit Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 6.0% over 1 year, 6.4% over 3 years, 7.3% over 5 years. Largest fall in the price of iShares USD Intermediate Credit Bond UCITS ETF since November 2021, in pounds: −15.2% from 23/09/2022 to 21/08/2026. The lowest 12-month return of iShares USD Intermediate Credit Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −11.0% (12 months to 14/07/2023); the highest was +7.5% (12 months to 23/09/2022). On 13/11/2026 the price of iShares USD Intermediate Credit Bond UCITS ETF was 14.4% below its highest weekly close since November 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD Intermediate Credit Bond UCITS ETF 0.15% a year. Compared on 14/11/2026, 304 of the 427 other corporate and other bond funds charge more, 27 the same and 96 less (share classes counted once). ## 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares USD Intermediate Credit Bond UCITS ETF (this fund) | 0.15% | +0.2% | +8.6% | +9.1% | | iShares USD Intermediate Credit Bond UCITS ETF Hedged GBP | 0.18% | -0.4% | — | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.15%** 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, ICBU 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%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | International Bank for Reconstruct Mtn 4.63% 15/01/2032 | — | 0.15% | | 2 | Blk Ics USD Leaf Agency Dist | — | 0.13% | | 3 | International Bank for Reconstruct 1.25% 10/02/2031 | — | 0.13% | | 4 | International Bank for Reconstruct 3.50% 12/07/2028 | — | 0.13% | | 5 | European Investment Bank 3.88% 15/06/2028 | — | 0.12% | | 6 | Asian Development Bank Mtn 3.75% 25/04/2028 | — | 0.11% | | 7 | Asian Development Bank Mtn 4.38% 06/03/2029 | — | 0.11% | | 8 | International Bank for Reconstruct 3.50% 28/10/2030 | — | 0.11% | | 9 | International Bank for Reconstruct 4.00% 10/01/2031 | — | 0.11% | | 10 | Bank of America Corp 3.42% 20/12/2028 | — | 0.10% | ## 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 | |---|---| | Banking | 24.4% | | Health Care | 6.8% | | Supranational | 6.7% | | Electric | 6.7% | | Consumer Cyclical | 6.5% | | Communication Services | 5.4% | | Energy | 5.1% | | Capital Goods | 4.9% | | Other sectors | 33.4% | ### 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% | The 5,251 holdings on record (of 6,001 reported): https://fundology.uk/fund/icbu/holdings ## Questions people ask **What is the ongoing charge of ICBU?** The ongoing charge of ICBU 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 USD Intermediate Credit Bond UCITS ETF 0.15% a year. Compared on 14/11/2026, 304 of the 427 other corporate and other bond funds charge more, 27 the same and 96 less (share classes counted once). **What does ICBU track?** ICBU tracks the Bloomberg U.S. Intermediate Credit Index - Benchmark TR Net. **Is ICBU accumulating or distributing?** ICBU 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 ICBU?** The ISIN of ICBU is IE00BDQZ5152. An ISIN identifies one exact share class of a fund; ICBU is its ticker on the London Stock Exchange. The same share class is also listed as SXRF (Xetra, euros). **What does ICBU hold?** As of 06/11/2026, ICBU 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 ICBU’s returns in each of the last five years?** Calendar-year returns of ICBU in pounds (price only, income paid out not included): 2022 +0.1%, 2023 −1.9%, 2024 +2.3%, 2025 −4.7%; 2026 to 13/11/2026 −4.5%. Past performance is not a guide to future returns. **How has ICBU done after inflation?** Over the five years to 13/11/2026 ICBU’s total return was +9.1%, or −14.8% 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/287204/ishares-intermediate-credit-bond-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-intermediate-credit-bond-ucits-etf-gb-ie00bdqz5152-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/icbu-ishares-intermediate-credit-bond-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.