# iShares Global Govt Bond UCITS ETF Accum USD (IGLA)

**Page:** https://fundology.uk/fund/igla · ISIN IE00BYZ28V50

## 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, IGLA (iShares Global Govt Bond UCITS ETF Accum USD, ISIN IE00BYZ28V50) closed at $4.56 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 −15.4%, or −33.9% after UK CPIH inflation.

## Summary

iShares Global Govt Bond UCITS ETF Accum USD is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the FTSE G7 Government Bond Index. 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **$4.56** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IGLA |
| ISIN | IE00BYZ28V50 |
| Category | Government bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | FTSE G7 Government Bond Index |
| Income | Accumulating |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £457m |
| Launched | 2017 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/10/2017 |

## 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 | -3.14% | -6.57% | income reinvested |
| 3 years | -0.93% | -10.49% | income reinvested |
| 5 years | -15.35% | -33.93% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Global Govt Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2022 −7.9%, 2023 −1.6%, 2024 −1.5%, 2025 −1.4%; 2026 to 13/11/2026 −2.5%. Returns of iShares Global Govt Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −3.7%; to 30/09/2025: +0.5%; to 30/09/2024: +1.0%; to 30/09/2023: −10.4%; to 30/09/2022: −3.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.9% | -15.7% | Price |
| 2023 | -1.6% | -5.6% | Price |
| 2024 | -1.5% | -4.9% | Price |
| 2025 | -1.4% | -4.8% | Price |
| 2026 to 13/11/2026 | -2.5% | -5.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.00% | -5.51% |
| 3 years | 6.08% | -5.82% |
| 5 years | 6.88% | -17.12% |

## Largest fall

Volatility of iShares Global Govt Bond UCITS ETF Accum USD in pounds, annualised from weekly returns to 13/11/2026: 5.0% over 1 year, 6.1% over 3 years, 6.9% over 5 years. Largest fall in the price of iShares Global Govt Bond UCITS ETF Accum USD since November 2021, in pounds: −17.1% from 10/12/2021 to 21/08/2026. The lowest 12-month return of iShares Global Govt Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) since January 2021 was −10.9% (12 months to 09/12/2022); the highest was +4.3% (12 months to 09/08/2024). On 13/11/2026 the price of iShares Global Govt Bond UCITS ETF Accum USD was 16.7% below its highest weekly close since November 2021 (10/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Global Govt Bond UCITS ETF Accum USD 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once).

## Funds tracking the same index

3 funds track FTSE G7 Government Bond Index, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.25% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Global Govt Bond UCITS ETF | 0.20% | -4.0% | -1.9% | -15.0% |
| iShares Global Govt Bond UCITS ETF Accum USD (this fund) | 0.20% | -3.1% | -0.9% | -15.4% |
| iShares Global Govt Bond UCITS ETF Hedged GBP | 0.25% | -1.0% | +8.6% | -7.4% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.20%** 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, IGLA holds 909 positions, according to its published holdings. The largest is Treasury Note 4.25% 15/05/2035 at 0.55% of the fund; the ten largest make up 4.7%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury Note 4.25% 15/05/2035 | — | 0.55% |
| 2 | Treasury Note 4.50% 15/11/2033 | — | 0.49% |
| 3 | Treasury Note 4.25% 15/08/2035 | — | 0.48% |
| 4 | US Treasury N/B 0.63% 15/08/2030 | — | 0.48% |
| 5 | Treasury Note (Old) 4.38% 15/05/2036 | — | 0.47% |
| 6 | Treasury Note (Otr) 4.63% 15/08/2036 | — | 0.47% |
| 7 | Treasury Note 4.38% 15/05/2034 | — | 0.44% |
| 8 | Treasury Note 4.63% 15/02/2035 | — | 0.43% |
| 9 | Treasury Note 3.50% 15/02/2033 | — | 0.42% |
| 10 | Treasury Note 3.50% 31/01/2028 | — | 0.42% |

## 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 |
|---|---|
| Treasury | 99.7% |
| Cash and derivatives | 0.3% |

### By country

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

| Country | Weight |
|---|---|
| United States | 55.9% |
| Japan | 11.6% |
| France | 8.3% |
| Italy | 7.5% |
| United Kingdom | 7.1% |
| Germany | 6.8% |
| Canada | 2.6% |
| Cash and derivatives | 0.2% |

### 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% |

The 897 holdings on record (of 909 reported): https://fundology.uk/fund/igla/holdings

## Questions people ask

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

The ongoing charge of IGLA 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 Global Govt Bond UCITS ETF Accum USD 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once).

**What does IGLA track?**

IGLA tracks the FTSE G7 Government Bond Index.

**Is IGLA accumulating or distributing?**

IGLA is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of IGLA?**

The ISIN of IGLA is IE00BYZ28V50. An ISIN identifies one exact share class of a fund; IGLA is its ticker on the London Stock Exchange.

**What does IGLA hold?**

As of 06/11/2026, IGLA holds 909 positions, according to its published holdings. The largest is Treasury Note 4.25% 15/05/2035 at 0.55% of the fund; the ten largest make up 4.7%. Its ten largest holdings are Treasury Note 4.25% 15/05/2035 (0.55%), Treasury Note 4.50% 15/11/2033 (0.49%), Treasury Note 4.25% 15/08/2035 (0.48%), US Treasury N/B 0.63% 15/08/2030 (0.48%), Treasury Note (Old) 4.38% 15/05/2036 (0.47%), Treasury Note (Otr) 4.63% 15/08/2036 (0.47%), Treasury Note 4.38% 15/05/2034 (0.44%), Treasury Note 4.63% 15/02/2035 (0.43%), Treasury Note 3.50% 15/02/2033 (0.42%) and Treasury Note 3.50% 31/01/2028 (0.42%).

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

Calendar-year returns of IGLA in pounds (price, with income reinvested in the fund): 2022 −7.9%, 2023 −1.6%, 2024 −1.5%, 2025 −1.4%; 2026 to 13/11/2026 −2.5%. Past performance is not a guide to future returns.

**How has IGLA done after inflation?**

Over the five years to 13/11/2026 IGLA’s total return was −15.4%, or −33.9% 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/291402/ishares-global-govt-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-global-govt-bond-ucits-etf-usd-acc-gb-ie00byz28v50-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/igla-ishares-global-govt-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.