# iShares EUR Covered Bond UCITS ETF (ICOV)

**Source:** https://fundology.uk/fund/icov · ISIN IE00B3B8Q275 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, ICOV (iShares EUR Covered Bond UCITS ETF, ISIN IE00B3B8Q275) closed at €137.61 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 −6.6%, or −27.0% after UK CPIH inflation.

## Summary

iShares EUR Covered Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2008. It tracks the iBoxx Euro Covered. 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.

Latest close: **€137.61** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | ICOV |
| ISIN | IE00B3B8Q275 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | iBoxx Euro Covered |
| Income | Distributing |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £1.0bn |
| Launched | 2008 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -3.43% | -6.46% | income reinvested |
| 3 years | +7.19% | -3.28% | income reinvested |
| 5 years | -6.63% | -27.01% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of iShares EUR Covered Bond UCITS ETF 0.20% a year, as of 01/10/2026: 206 of the 383 other corporate and other bond funds charge more, 38 the same and 139 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.20%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 29/09/2026):

| Holding | Weight |
|---|---|
| BPCE SFH RegS | 3.13% |
| CAISSE FRANCAISE DE FINANCEMENT LO MTN RegS | 2.94% |
| Credit Agricole | 2.62% |
| COMMERZBANK AG MTN RegS | 2.49% |
| COMPAGNIE DE FINANCEMENT FONCIER S MTN RegS | 2.30% |
| DZ HYP AG RegS | 2.24% |
| ING BANK NV RegS | 1.75% |
| BANCO SANTANDER SA RegS | 1.65% |
| CAISSE DE REFINANCEMENT DE L HABIT MTN RegS | 1.54% |
| ABN AMRO BANK NV RegS | 1.51% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

As published by iShares, as of 29/09/2026.

| Sector | Weight |
|---|---|
| Covered | 99.8% |
| Cash and derivatives | 0.2% |

### By country

As published by iShares, as of 29/09/2026.

| Country | Weight |
|---|---|
| France | 25.8% |
| Germany | 19.2% |
| Netherlands | 7.9% |
| Canada | 5.9% |
| Austria | 5.2% |
| Norway | 5.1% |
| Italy | 4.3% |
| Spain | 4.3% |
| Other countries | 22.3% |

### By type of asset

Added up from the holdings iShares publishes, as of 29/09/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.9% |
| Cash and money market | 0.2% |

All 286 holdings: https://fundology.uk/fund/icov/holdings

---

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.