# iShares Global Water UCITS ETF (IH2O)

**Page:** https://fundology.uk/fund/ih2o · ISIN IE00B1TXK627

## 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, IH2O (iShares Global Water UCITS ETF, ISIN IE00B1TXK627) closed at £58.12 on the London Stock Exchange. Its ongoing charge is 0.65% a year (about £65 on £10,000). Over the five years to 13/11/2026 its total return was +16.7%, or −8.9% after UK CPIH inflation.

## Summary

iShares Global Water UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2007. It tracks the S&P Global Water. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.65% a year — about £65 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: **£58.12** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IH2O |
| ISIN | IE00B1TXK627 |
| Also listed as | DH2O (London Stock Exchange, US dollars), IQQQ (Xetra, euros) |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | iShares |
| Tracks | S&P Global Water |
| Income | Distributing |
| Ongoing charge | 0.65% a year (£65 per £10,000) |
| Fund size | £1.6bn |
| Launched | 2007 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/07/2010 |

## 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 | +1.28% | -2.30% | income reinvested |
| 3 years | +32.74% | +19.93% | income reinvested |
| 5 years | +16.68% | -8.93% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Global Water UCITS ETF in pounds (price only, income paid out not included): 2022 −12.3%, 2023 +6.0%, 2024 +4.9%, 2025 +8.0%; 2026 to 13/11/2026 +4.3%. Returns of iShares Global Water UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −1.4%; to 30/09/2025: +5.1%; to 30/09/2024: +19.0%; to 30/09/2023: +2.3%; to 30/09/2022: −9.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -12.3% | -19.7% | Price |
| 2023 | +6.0% | +1.8% | Price |
| 2024 | +4.9% | +1.4% | Price |
| 2025 | +8.0% | +4.3% | Price |
| 2026 to 13/11/2026 | +4.3% | +1.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.17% | -9.99% |
| 3 years | 12.16% | -10.97% |
| 5 years | 14.05% | -22.31% |

## Largest fall

Volatility of iShares Global Water UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 13.2% over 1 year, 12.2% over 3 years, 14.0% over 5 years. Largest fall in the price of iShares Global Water UCITS ETF since November 2021, in pounds: −22.3% from 10/12/2021 to 17/06/2022. The lowest 12-month return of iShares Global Water UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −12.4% (12 months to 16/12/2022); the highest was +23.7% (12 months to 18/10/2024). On 13/11/2026 the price of iShares Global Water UCITS ETF was 3.8% below its highest weekly close since November 2021 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Global Water UCITS ETF 0.65% a year. Compared on 14/11/2026, 6 of the 177 other sustainable and clean-energy funds charge more, 6 the same and 165 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.65%** 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, IH2O holds 73 positions, according to its published holdings. The largest is American Water Works at 9.13% of the fund; the ten largest make up 57.0%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | American Water Works | [AWK](https://fundology.uk/stock/AWK) | 9.13% |
| 2 | Xylem | [XYL](https://fundology.uk/stock/XYL) | 7.44% |
| 3 | Veralto | [VLTO](https://fundology.uk/stock/VLTO) | 7.00% |
| 4 | United Utilities Group | [UU.](https://fundology.uk/stock/UU.) | 6.33% |
| 5 | Essential Utilities | [WTRG](https://fundology.uk/stock/WTRG) | 5.86% |
| 6 | Severn Trent | [SVT](https://fundology.uk/stock/SVT) | 4.46% |
| 7 | Companhia de Saneamento Basico de | — | 4.30% |
| 8 | Veolia Environ | — | 4.22% |
| 9 | Ecolab | [ECL](https://fundology.uk/stock/ECL) | 4.18% |
| 10 | Geberit | [GEBN](https://fundology.uk/stock/GEBN) | 4.06% |

## 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 |
|---|---|
| Utilities | 47.6% |
| Industrials | 42.3% |
| Materials | 6.1% |
| Information Technology | 1.6% |
| Energy | 1.5% |
| Consumer Discretionary | 0.7% |
| Cash and derivatives | 0.2% |
| Real Estate | 0.1% |

### By country

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

| Country | Weight |
|---|---|
| United States | 59.4% |
| United Kingdom | 12.6% |
| Switzerland | 7.0% |
| Brazil | 6.1% |
| France | 4.2% |
| Japan | 3.3% |
| India | 1.4% |
| Italy | 1.1% |
| Other countries | 4.9% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.8% |
| Cash and money market | 0.2% |

All 74 holdings: https://fundology.uk/fund/ih2o/holdings

## Questions people ask

**What is the ongoing charge of IH2O?**

The ongoing charge of IH2O is 0.65% a year — about £65 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 Water UCITS ETF 0.65% a year. Compared on 14/11/2026, 6 of the 177 other sustainable and clean-energy funds charge more, 6 the same and 165 less (share classes counted once).

**What does IH2O track?**

IH2O tracks the S&P Global Water.

**Is IH2O accumulating or distributing?**

IH2O 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 IH2O?**

The ISIN of IH2O is IE00B1TXK627. An ISIN identifies one exact share class of a fund; IH2O is its ticker on the London Stock Exchange. The same share class is also listed as DH2O (London Stock Exchange, US dollars) and IQQQ (Xetra, euros).

**What does IH2O hold?**

As of 06/11/2026, IH2O holds 73 positions, according to its published holdings. The largest is American Water Works at 9.13% of the fund; the ten largest make up 57.0%. Its ten largest holdings are American Water Works (9.13%), Xylem (7.44%), Veralto (7.00%), United Utilities Group (6.33%), Essential Utilities (5.86%), Severn Trent (4.46%), Companhia de Saneamento Basico de (4.30%), Veolia Environ (4.22%), Ecolab (4.18%) and Geberit (4.06%).

**What were IH2O’s returns in each of the last five years?**

Calendar-year returns of IH2O in pounds (price only, income paid out not included): 2022 −12.3%, 2023 +6.0%, 2024 +4.9%, 2025 +8.0%; 2026 to 13/11/2026 +4.3%. Past performance is not a guide to future returns.

**How has IH2O done after inflation?**

Over the five years to 13/11/2026 IH2O’s total return was +16.7%, or −8.9% 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/251913/ishares-global-water-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-global-water-ucits-etf-usd-dist-gb-ie00b1txk627-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ih2o-ishares-global-water-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.