# iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR (IEX5)

**Page:** https://fundology.uk/fund/iex5 · ISIN IE00B4L5ZY03

## 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, IEX5 (iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR, ISIN IE00B4L5ZY03) closed at €104.74 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was +1.0%, or −21.2% after UK CPIH inflation.

## Summary

iShares III PLC - iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR is an exchange-traded fund (ETF) from iShares, launched in 2009. It tracks the Bloomberg MSCI Euro Corporate ex-Financials 1-5 Year ESG SRI 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 0.2% 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: **€104.74** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IEX5 |
| ISIN | IE00B4L5ZY03 |
| Also listed as | EUNS (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg MSCI Euro Corporate ex-Financials 1-5 Year ESG SRI Index - EUR - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £1.1bn |
| 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 | -5.04% | -8.41% | income reinvested |
| 3 years | +5.29% | -4.87% | income reinvested |
| 5 years | +0.98% | -21.18% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares III PLC - iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR in pounds (price only, income paid out not included): 2022 −2.5%, 2023 +1.4%, 2024 −3.2%, 2025 +5.5%; 2026 to 13/11/2026 −6.7%. Returns of iShares III PLC - iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.0%; to 30/09/2025: +5.6%; to 30/09/2024: +0.6%; to 30/09/2023: −1.5%; to 30/09/2022: −5.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -2.5% | -10.8% | Price |
| 2023 | +1.4% | -2.6% | Price |
| 2024 | -3.2% | -6.5% | Price |
| 2025 | +5.5% | +1.8% | Price |
| 2026 to 13/11/2026 | -6.7% | -9.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 4.13% | -8.04% |
| 3 years | 4.35% | -8.04% |
| 5 years | 4.92% | -8.27% |

## Largest fall

Volatility of iShares III PLC - iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR in pounds, annualised from weekly returns to 13/11/2026: 4.1% over 1 year, 4.3% over 3 years, 4.9% over 5 years. Largest fall in the price of iShares III PLC - iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR since November 2021, in pounds: −8.1% from 10/12/2021 to 07/07/2023. The lowest 12-month return of iShares III PLC - iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR in pounds (price only, income paid out not included) since January 2021 was −8.7% (12 months to 15/04/2022); the highest was +6.7% (12 months to 07/11/2025). On 13/11/2026 the price of iShares III PLC - iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR was 7.7% below its highest weekly close since November 2021 (14/11/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares III PLC - iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR 0.20% a year. Compared on 14/11/2026, 225 of the 427 other corporate and other bond funds charge more, 35 the same and 167 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.20%** 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, IEX5 holds 885 positions, according to its published holdings. The largest is Verizon Communications Inc 4.00% 15/06/2056 at 0.37% of the fund; the ten largest make up 3.0%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Verizon Communications Inc 4.00% 15/06/2056 | — | 0.37% |
| 2 | Amazon.Com Inc 3.10% 16/03/2030 | — | 0.34% |
| 3 | SANOFI SA MTN RegS 1.38% 21/03/2030 | — | 0.32% |
| 4 | AT&T Inc 1.60% 19/05/2028 | — | 0.30% |
| 5 | Microsoft Corporation 3.13% 06/12/2028 | — | 0.30% |
| 6 | NOVARTIS FINANCE SA RegS 0.00% 23/09/2028 | — | 0.29% |
| 7 | Thermo Fisher Scientific (Finance 0.80% 18/10/2030 | — | 0.28% |
| 8 | DANONE SA MTN RegS 1.21% 03/11/2028 | — | 0.27% |
| 9 | TAKEDA PHARMACEUTICAL COMPANY LIMI RegS 3.00% 21/11/2030 | — | 0.26% |
| 10 | BMW FINANCE NV MTN RegS 1.50% 06/02/2029 | — | 0.25% |

## 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 |
|---|---|
| Consumer Cyclical | 18.6% |
| Health Care | 14.2% |
| Communication Services | 14.0% |
| Capital Goods | 12.7% |
| Consumer Non-Cyclical | 12.6% |
| Transportation | 7.0% |
| Basic Industry | 5.6% |
| Electric | 3.7% |
| Other sectors | 11.6% |

### By country

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

| Country | Weight |
|---|---|
| United States | 29.0% |
| France | 17.9% |
| Germany | 15.0% |
| United Kingdom | 9.1% |
| Switzerland | 5.2% |
| Spain | 4.0% |
| Netherlands | 2.9% |
| Sweden | 2.7% |
| Other countries | 14.2% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.7% |
| Cash and money market | 0.3% |

All 886 holdings: https://fundology.uk/fund/iex5/holdings

## Questions people ask

**What is the ongoing charge of IEX5?**

The ongoing charge of IEX5 is 0.20% a year — about £20 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 III PLC - iShares Euro Corporate Bond ex-Financials 1-5yr UCITS ETF EUR 0.20% a year. Compared on 14/11/2026, 225 of the 427 other corporate and other bond funds charge more, 35 the same and 167 less (share classes counted once).

**What does IEX5 track?**

IEX5 tracks the Bloomberg MSCI Euro Corporate ex-Financials 1-5 Year ESG SRI Index - EUR - Benchmark TR Net.

**Is IEX5 accumulating or distributing?**

IEX5 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 IEX5?**

The ISIN of IEX5 is IE00B4L5ZY03. An ISIN identifies one exact share class of a fund; IEX5 is its ticker on the London Stock Exchange. The same share class is also listed as EUNS (Xetra, euros).

**What does IEX5 hold?**

As of 06/11/2026, IEX5 holds 885 positions, according to its published holdings. The largest is Verizon Communications Inc 4.00% 15/06/2056 at 0.37% of the fund; the ten largest make up 3.0%. Its ten largest holdings are Verizon Communications Inc 4.00% 15/06/2056 (0.37%), Amazon.Com Inc 3.10% 16/03/2030 (0.34%), SANOFI SA MTN RegS 1.38% 21/03/2030 (0.32%), AT&T Inc 1.60% 19/05/2028 (0.30%), Microsoft Corporation 3.13% 06/12/2028 (0.30%), NOVARTIS FINANCE SA RegS 0.00% 23/09/2028 (0.29%), Thermo Fisher Scientific (Finance 0.80% 18/10/2030 (0.28%), DANONE SA MTN RegS 1.21% 03/11/2028 (0.27%), TAKEDA PHARMACEUTICAL COMPANY LIMI RegS 3.00% 21/11/2030 (0.26%) and BMW FINANCE NV MTN RegS 1.50% 06/02/2029 (0.25%).

**What were IEX5’s returns in each of the last five years?**

Calendar-year returns of IEX5 in pounds (price only, income paid out not included): 2022 −2.5%, 2023 +1.4%, 2024 −3.2%, 2025 +5.5%; 2026 to 13/11/2026 −6.7%. Past performance is not a guide to future returns.

**How has IEX5 done after inflation?**

Over the five years to 13/11/2026 IEX5’s total return was +1.0%, or −21.2% 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/251730/ishares-euro-corporate-bond-exfinancials-15yr-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-corp-bond-ex-financials-1-5yr-esg-sri-ucits-etf-eur-dist-gb-ie00b4l5zy03-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/euns-ishares-corp-bond-ex-financials-1-5yr-esg-sri-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.