# iShares US Mortgage Backed Securities UCITS ETF Hedged GBP (IMGP) **Page:** https://fundology.uk/fund/imgp · ISIN IE000MFEI2J0 ## 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, IMGP (iShares US Mortgage Backed Securities UCITS ETF Hedged GBP, ISIN IE000MFEI2J0) closed at £4.90 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the three years to 13/11/2026 its total return was +7.0%, or −3.4% after UK CPIH inflation. ## Summary iShares US Mortgage Backed Securities UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2022. It tracks the Bloomberg U.S. MBS Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£4.90** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | IMGP | | ISIN | IE000MFEI2J0 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg U.S. MBS Index | | Income | Distributing | | Ongoing charge | 0.30% a year (£30 per £10,000) | | Fund size | £184m | | Launched | 2022 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 07/10/2022 | ## 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 | -0.26% | -3.79% | income reinvested | | 3 years | +6.95% | -3.37% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares US Mortgage Backed Securities UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2023 −0.4%, 2024 −2.7%, 2025 +4.2%; 2026 to 13/11/2026 −3.6%. Returns of iShares US Mortgage Backed Securities UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.4%; to 30/09/2025: −0.5%; to 30/09/2024: +7.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | -0.4% | -4.4% | Price | | 2024 | -2.7% | -6.0% | Price | | 2025 | +4.2% | +0.7% | Price | | 2026 to 13/11/2026 | -3.6% | -6.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.33% | -7.14% | | 3 years | 6.24% | -7.14% | ## Largest fall Volatility of iShares US Mortgage Backed Securities UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 5.3% over 1 year, 6.2% over 3 years. Largest fall in the price of iShares US Mortgage Backed Securities UCITS ETF Hedged GBP since October 2022, in pounds: −10.4% from 03/02/2023 to 20/10/2023. The lowest 12-month return of iShares US Mortgage Backed Securities UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since October 2022 was −6.2% (12 months to 09/10/2026); the highest was +9.0% (12 months to 18/10/2024). On 13/11/2026 the price of iShares US Mortgage Backed Securities UCITS ETF Hedged GBP was 5.6% below its highest weekly close since October 2022 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares US Mortgage Backed Securities UCITS ETF Hedged GBP 0.30% a year. Compared on 14/11/2026, 140 of the 427 other corporate and other bond funds charge more, 22 the same and 265 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg U.S. MBS Index, this one included and share classes counted once; their ongoing charges range from 0.28% to 0.30% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares US Mortgage Backed Securities UCITS ETF Acc | 0.28% | -0.6% | +7.4% | +0.5% | | iShares US Mortgage Backed Securities UCITS ETF Hedged GBP (this fund) | 0.30% | -0.3% | +7.0% | — | | iShares US Mortgage Backed Securities UCITS ETF USD | 0.28% | -1.4% | +6.3% | +0.8% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.30%** 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, IMGP holds 618 positions, according to its published holdings. The largest is Fhlmc 30YR Umbs 2.00% 01/02/2051 at 8.22% of the fund; the ten largest make up 34.4%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Fhlmc 30YR Umbs 2.00% 01/02/2051 | — | 8.22% | | 2 | Blk Ics USD Leaf Agency Dist | — | 6.70% | | 3 | Fnma 30YR Umbs 2.50% 01/08/2051 | — | 4.11% | | 4 | Fnma 30YR Umbs 2.00% 01/12/2050 | — | 3.85% | | 5 | Fnma 30YR Umbs Super 2.50% 01/02/2051 | — | 2.81% | | 6 | GNMA2 30YR 2021 Production 2.00% 20/10/2051 | — | 2.11% | | 7 | GNMA2 30YR 2021 Production 2.50% 20/02/2051 | — | 2.01% | | 8 | Fnma 15YR Umbs 2.00% 01/06/2036 | — | 1.72% | | 9 | Fnma 30YR Umbs 4.50% 01/09/2052 | — | 1.43% | | 10 | GNMA2 30YR 2024 Production 5.00% 20/11/2054 | — | 1.40% | ## 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 | |---|---| | MBS Pass-Through | 98.7% | | Cash and derivatives | 1.3% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 93.7% | | Cash and money market | 6.3% | The 447 holdings on record (of 618 reported): https://fundology.uk/fund/imgp/holdings ## Questions people ask **What is the ongoing charge of IMGP?** The ongoing charge of IMGP is 0.30% a year — about £30 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 US Mortgage Backed Securities UCITS ETF Hedged GBP 0.30% a year. Compared on 14/11/2026, 140 of the 427 other corporate and other bond funds charge more, 22 the same and 265 less (share classes counted once). **What does IMGP track?** IMGP tracks the Bloomberg U.S. MBS Index. **Is IMGP accumulating or distributing?** IMGP 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 IMGP?** The ISIN of IMGP is IE000MFEI2J0. An ISIN identifies one exact share class of a fund; IMGP is its ticker on the London Stock Exchange. **What does IMGP hold?** As of 06/11/2026, IMGP holds 618 positions, according to its published holdings. The largest is Fhlmc 30YR Umbs 2.00% 01/02/2051 at 8.22% of the fund; the ten largest make up 34.4%. Its ten largest holdings are Fhlmc 30YR Umbs 2.00% 01/02/2051 (8.22%), Blk Ics USD Leaf Agency Dist (6.70%), Fnma 30YR Umbs 2.50% 01/08/2051 (4.11%), Fnma 30YR Umbs 2.00% 01/12/2050 (3.85%), Fnma 30YR Umbs Super 2.50% 01/02/2051 (2.81%), GNMA2 30YR 2021 Production 2.00% 20/10/2051 (2.11%), GNMA2 30YR 2021 Production 2.50% 20/02/2051 (2.01%), Fnma 15YR Umbs 2.00% 01/06/2036 (1.72%), Fnma 30YR Umbs 4.50% 01/09/2052 (1.43%) and GNMA2 30YR 2024 Production 5.00% 20/11/2054 (1.40%). **What were IMGP’s returns in each of the last five years?** Calendar-year returns of IMGP in pounds (price only, income paid out not included): 2023 −0.4%, 2024 −2.7%, 2025 +4.2%; 2026 to 13/11/2026 −3.6%. Past performance is not a guide to future returns. **How has IMGP done after inflation?** Over the three years to 13/11/2026 IMGP’s total return was +7.0%, or −3.4% 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/329930/ishares-us-mortgage-backed-securities-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-us-mortgage-backed-securities-ucits-etf-gbp-hedged-dist-gb-ie000mfei2j0-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/imgp-ishares-us-mortgage-backed-securities-ucits-etf-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- 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.