# iShares U.S. Equity High Income Active UCITS ETF USD (INCU)

**Source:** https://fundology.uk/fund/incu · ISIN IE000WHL2ZK1 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 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.

## Summary

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.

Latest close: **£4.40** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | INCU |
| ISIN | IE000WHL2ZK1 |
| Category | US shares |
| Type | ETF |
| Provider | iShares |
| Income | Distributing |
| Ongoing charge | 0.35% a year (£35 per £10,000) |
| Fund size | £34.5m |
| Launched | 2024 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +18.53% | +14.81% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year 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 CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | -4.5% | -7.8% | Price |
| 2026 to 30/09/2026 | +6.6% | +3.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 10.65% | -6.72% |

## Largest fall

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.

## Charges compared with similar funds

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).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.35%** per year
- ISA eligible: yes
- SIPP eligible: yes

---

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.