ETF · iShares
INCU iShares U.S. Equity High Income Active UCITS ETF USD
ISIN IE000WHL2ZK1London Stock Exchange: INCUBlackRock, Inc.
Latest close
LSE£4.40
on
- Ongoing charge
- 0.35% a year
- Fund size
- £34.5m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, INCU (iShares U.S. Equity High Income Active UCITS ETF USD, ISIN IE000WHL2ZK1) closed at £4.40 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the year to 30/09/2026 its total return was +18.5%, or +14.8% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +18.5%
- +14.8% after inflation (UK CPIH)
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares U.S. Equity High Income Active UCITS ETF USD in pounds (price only, income paid out not included): 2025 −4.5%; 2026 to 30/09/2026 +6.6%. Returns of iShares U.S. Equity High Income Active UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +8.6%; to 30/09/2025: +0.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +6.6% | +3.6% | |
| −4.5% | −7.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +8.6% | Not available |
| from | +0.5% | −3.4% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
10.7%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since March 2024
- −20.5%
- From to
- Lowest 12-month return
- −10.0%
- 12 months to
- Highest 12-month return
- +17.1%
- 12 months to
- Below its highest weekly close since March 2024
- 0.0%
- High of , latest
In words: Volatility of iShares U.S. Equity High Income Active UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 10.7% over 1 year. Largest fall in the price of iShares U.S. Equity High Income Active UCITS ETF USD since March 2024, in pounds: −20.5% from 06/12/2024 to 18/04/2025. The lowest 12-month return of iShares U.S. Equity High Income Active UCITS ETF USD in pounds (price only, income paid out not included) since March 2024 was −10.0% (12 months to 18/04/2025); the highest was +17.1% (12 months to 22/05/2026). On 30/09/2026 the price of iShares U.S. Equity High Income Active UCITS ETF USD was at its highest weekly close since March 2024, in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.35%
- a year
- On £10,000
- £35
- a year, roughly
- Over five years
- £174
- of £10,000, before growth
- 181 charge less
- 9 the same
- 20 charge more
Ongoing charge of iShares U.S. Equity High Income Active UCITS ETF USD 0.35% a year, as of 01/10/2026: 20 of the 210 other US share funds charge more, 9 the same and 181 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares U.S. Equity High Income Active UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2024.
It tracks the No Underlying Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.35% a year — about £35 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.
US shares: American companies, including the S&P 500 and Nasdaq-100 — the largest stock market in the world.
Key facts
- Ticker
- INCU
- ISIN
- IE000WHL2ZK1
- Provider
- iShares
- Tracks
- No index — the manager chooses the holdings
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.35% a year · about £35 on £10,000
- Fund size
- £34.5m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- US shares
Price chart
Since 31/07/2026, the closing price went from £4.23 on 31/07/2026 to £4.40 on 30/09/2026 (+4.1%). The lowest close shown was £4.23 on 31/07/2026 and the highest £4.40 on 30/09/2026.
Chart: closing prices we have recorded since 31/07/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountRolling returns
The full range of 80 rolling 12-month returns since March 2024, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since March 2024, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1 year among up to 170 US share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core S&P 500 UCITS ETF, over the three years to 30/09/2026 (126 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of INCU?
The ongoing charge of INCU is 0.35% a year — about £35 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 U.S. Equity High Income Active UCITS ETF USD 0.35% a year, as of 01/10/2026: 20 of the 210 other US share funds charge more, 9 the same and 181 less (share classes counted once).
Is INCU accumulating or distributing?
INCU is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
What is the ISIN of INCU?
The ISIN of INCU is IE000WHL2ZK1. An ISIN identifies one exact share class of a fund; INCU is its ticker on the London Stock Exchange.
What were INCU’s returns in each of the last five years?
Calendar-year returns of INCU in pounds (price only, income paid out not included): 2025 −4.5%; 2026 to 30/09/2026 +6.6%. Past performance is not a guide to future returns.
How has INCU done after inflation?
Over the year to 30/09/2026 INCU’s total return was +18.5%, or +14.8% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CSP1iShares Core S&P 500 UCITS ETF0.07% a year · £88bn
- VUSAVanguard S&P 500 UCITS ETF0.07% a year · £30bn
- SPXPInvesco S&P 500 UCITS ETF0.05% a year · £24bn
- VUAGVanguard S&P 500 UCITS ETF0.07% a year · £21bn
- CNX1iShares NASDAQ 100 UCITS ETF USD0.33% a year · £17bn
- IUSAiShares Core S&P 500 UCITS ETF USD (Dist)0.07% a year · £13bn
- SPX5State Street SPDR S&P 500 UCITS ETF USD0.03% a year · £12bn
- SPXLState Street SPDR S&P 500 UCITS ETF0.03% a year · £11bn
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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