# iShares Core EUR Corp Bond UCITS ETF (IEBC)

**Page:** https://fundology.uk/fund/iebc · ISIN IE00B3F81R35

## 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, IEBC (iShares Core EUR Corp Bond UCITS ETF, ISIN IE00B3F81R35) closed at £97.47 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the five years to 13/11/2026 its total return was −3.1%, or −24.4% after UK CPIH inflation.

## Summary

iShares Core EUR Corp Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2009. It tracks the Bloomberg Euro Corporate Bond Index - EUR - 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 0.09% a year — about £9 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: **£97.47** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IEBC |
| ISIN | IE00B3F81R35 |
| Also listed as | IEAC (London Stock Exchange, euros), EUN5 (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg Euro Corporate Bond Index - EUR - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.09% a year (£9 per £10,000) |
| Fund size | £8.5bn |
| Launched | 2009 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/05/2010 |

## 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 | -5.51% | -8.85% | income reinvested |
| 3 years | +7.73% | -2.67% | income reinvested |
| 5 years | -3.10% | -24.36% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Core EUR Corp Bond UCITS ETF in pounds (price only, income paid out not included): 2022 −9.2%, 2023 +2.7%, 2024 −4.3%, 2025 +4.8%; 2026 to 13/11/2026 −7.3%. Returns of iShares Core EUR Corp Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.3%; to 30/09/2025: +5.1%; to 30/09/2024: +1.7%; to 30/09/2023: −0.9%; to 30/09/2022: −13.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -9.2% | -16.9% | Price |
| 2023 | +2.7% | -1.4% | Price |
| 2024 | -4.3% | -7.5% | Price |
| 2025 | +4.8% | +1.2% | Price |
| 2026 to 13/11/2026 | -7.3% | -10.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.14% | -9.17% |
| 3 years | 4.91% | -9.17% |
| 5 years | 5.83% | -15.65% |

## Largest fall

Volatility of iShares Core EUR Corp Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.1% over 1 year, 4.9% over 3 years, 5.8% over 5 years. Largest fall in the price of iShares Core EUR Corp Bond UCITS ETF since November 2021, in pounds: −15.6% from 10/12/2021 to 23/10/2026. The lowest 12-month return of iShares Core EUR Corp Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −14.2% (12 months to 17/06/2022); the highest was +6.4% (12 months to 07/11/2025). On 13/11/2026 the price of iShares Core EUR Corp Bond UCITS ETF was 15.3% below its highest weekly close since November 2021 (10/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Core EUR Corp Bond UCITS ETF 0.09% a year. Compared on 14/11/2026, 410 of the 427 other corporate and other bond funds charge more, 9 the same and 8 less (share classes counted once).

## Funds tracking the same index

3 funds track Bloomberg Euro Corporate Bond Index - EUR - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.09% to 0.11% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Core EUR Corp Bond UCITS ETF (this fund) | 0.09% | -5.5% | +7.7% | -3.1% |
| iShares Core EUR Corp Bond UCITS ETF Acc | 0.09% | -5.6% | +7.8% | -2.9% |
| iShares Core EUR Corp Bond UCITS ETF GBP Hedged Dist | 0.11% | +1.3% | +17.8% | +6.6% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.09%** 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, IEBC holds 4,263 positions, according to its published holdings. The largest is Blk Leaf Fund Agency Acc T0 at 0.12% of the fund; the ten largest make up 0.8%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Blk Leaf Fund Agency Acc T0 | — | 0.12% |
| 2 | JPMORGAN CHASE & CO MTN RegS 1.96% 23/03/2030 | — | 0.09% |
| 3 | Amazon.Com Inc 3.35% 16/03/2032 | — | 0.08% |
| 4 | Amazon.Com Inc 3.70% 16/03/2035 | — | 0.08% |
| 5 | ANHEUSER-BUSCH INBEV NV MTN RegS 2.00% 17/03/2028 | — | 0.08% |
| 6 | ANHEUSER-BUSCH INBEV NV MTN RegS 2.75% 17/03/2036 | — | 0.08% |
| 7 | Amazon.Com Inc 3.10% 16/03/2030 | — | 0.07% |
| 8 | Amazon.Com Inc 4.05% 16/03/2039 | — | 0.07% |
| 9 | BANCO SANTANDER SA MTN RegS 4.88% 18/10/2031 | — | 0.07% |
| 10 | BP CAPITAL MARKETS PLC NC9 RegS 3.63% 31/12/2079 | — | 0.07% |

## 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 | 31.5% |
| Consumer Cyclical | 9.4% |
| Consumer Non-Cyclical | 7.5% |
| Communication Services | 6.9% |
| Health Care | 6.2% |
| Capital Goods | 5.7% |
| Electric | 5.4% |
| Insurance | 4.4% |
| Other sectors | 23.2% |

### By country

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

| Country | Weight |
|---|---|
| United States | 20.6% |
| France | 18.5% |
| Germany | 12.7% |
| United Kingdom | 9.4% |
| Spain | 5.6% |
| Italy | 5.3% |
| Netherlands | 4.7% |
| Switzerland | 3.5% |
| Other countries | 19.7% |

### 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 4,247 holdings on record (of 4,263 reported): https://fundology.uk/fund/iebc/holdings

## Questions people ask

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

The ongoing charge of IEBC is 0.09% a year — about £9 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 Core EUR Corp Bond UCITS ETF 0.09% a year. Compared on 14/11/2026, 410 of the 427 other corporate and other bond funds charge more, 9 the same and 8 less (share classes counted once).

**What does IEBC track?**

IEBC tracks the Bloomberg Euro Corporate Bond Index - EUR - Benchmark TR Net.

**Is IEBC accumulating or distributing?**

IEBC 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 IEBC?**

The ISIN of IEBC is IE00B3F81R35. An ISIN identifies one exact share class of a fund; IEBC is its ticker on the London Stock Exchange. The same share class is also listed as IEAC (London Stock Exchange, euros) and EUN5 (Xetra, euros).

**What does IEBC hold?**

As of 06/11/2026, IEBC holds 4,263 positions, according to its published holdings. The largest is Blk Leaf Fund Agency Acc T0 at 0.12% of the fund; the ten largest make up 0.8%. Its ten largest holdings are Blk Leaf Fund Agency Acc T0 (0.12%), JPMORGAN CHASE & CO MTN RegS 1.96% 23/03/2030 (0.09%), Amazon.Com Inc 3.35% 16/03/2032 (0.08%), Amazon.Com Inc 3.70% 16/03/2035 (0.08%), ANHEUSER-BUSCH INBEV NV MTN RegS 2.00% 17/03/2028 (0.08%), ANHEUSER-BUSCH INBEV NV MTN RegS 2.75% 17/03/2036 (0.08%), Amazon.Com Inc 3.10% 16/03/2030 (0.07%), Amazon.Com Inc 4.05% 16/03/2039 (0.07%), BANCO SANTANDER SA MTN RegS 4.88% 18/10/2031 (0.07%) and BP CAPITAL MARKETS PLC NC9 RegS 3.63% 31/12/2079 (0.07%).

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

Calendar-year returns of IEBC in pounds (price only, income paid out not included): 2022 −9.2%, 2023 +2.7%, 2024 −4.3%, 2025 +4.8%; 2026 to 13/11/2026 −7.3%. Past performance is not a guide to future returns.

**How has IEBC done after inflation?**

Over the five years to 13/11/2026 IEBC’s total return was −3.1%, or −24.4% 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/251726/ishares-euro-corporate-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-core-corp-bond-ucits-etf-eur-dist-gb-ie00b3f81r35-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ieac-ishares-core-corp-bond-ucits-etf-fund-fact-sheet-en-gb.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.