# iShares Global Clean Energy Transition UCITS ETD USD (INRG)

**Page:** https://fundology.uk/fund/inrg · ISIN IE00B1XNHC34

## 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, INRG (iShares Global Clean Energy Transition UCITS ETD USD, ISIN IE00B1XNHC34) closed at £6.84 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 −29.0%, or −44.6% after UK CPIH inflation.

## Summary

iShares Global Clean Energy Transition UCITS ETD USD is an exchange-traded fund (ETF) from iShares, launched in 2007. It tracks the S&P Global Clean Energy Transition. 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: **£6.84** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | INRG |
| ISIN | IE00B1XNHC34 |
| Also listed as | IQQH (Xetra, euros) |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | iShares |
| Tracks | S&P Global Clean Energy Transition |
| Income | Distributing |
| Ongoing charge | 0.65% a year (£65 per £10,000) |
| Fund size | £2.1bn |
| 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 | -8.17% | -11.42% | income reinvested |
| 3 years | +12.64% | +1.77% | price only |
| 5 years | -29.03% | -44.60% | income reinvested |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares Global Clean Energy Transition UCITS ETD USD in pounds (price only, income paid out not included): 2022 +4.8%, 2023 −24.6%, 2024 −24.2%, 2025 +34.7%; 2026 to 13/11/2026 −5.9%. Returns of iShares Global Clean Energy Transition UCITS ETD USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +7.6%; to 30/09/2025: +8.1%; to 30/09/2024: −7.6%; to 30/09/2023: −31.3%; to 30/09/2022: +9.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +4.8% | -4.0% | Price |
| 2023 | -24.6% | -27.6% | Price |
| 2024 | -24.2% | -26.7% | Price |
| 2025 | +34.7% | +30.1% | Price |
| 2026 to 13/11/2026 | -5.9% | -8.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 25.35% | -34.52% |
| 3 years | 22.37% | -34.52% |
| 5 years | 24.30% | -57.10% |

## Largest fall

Volatility of iShares Global Clean Energy Transition UCITS ETD USD in pounds, annualised from weekly returns to 13/11/2026: 25.3% over 1 year, 22.4% over 3 years, 24.3% over 5 years. Largest fall in the price of iShares Global Clean Energy Transition UCITS ETD USD since November 2021, in pounds: −57.1% from 09/09/2022 to 11/04/2025. The lowest 12-month return of iShares Global Clean Energy Transition UCITS ETD USD in pounds (price only, income paid out not included) since January 2021 was −41.9% (12 months to 21/01/2022); the highest was +85.7% (12 months to 29/05/2026). On 13/11/2026 the price of iShares Global Clean Energy Transition UCITS ETD USD was 39.4% below its highest weekly close since November 2021 (09/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Global Clean Energy Transition UCITS ETD USD 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).

## Funds tracking the same index

2 funds track S&P Global Clean Energy Transition, this one included and share classes counted once; their ongoing charges range from 0.65% to 0.65% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Global Clean Energy Transition UCITS ETD USD (this fund) | 0.65% | -8.2% | — | -29.0% |
| iShares Global Clean Energy Transition UCITS ETF Accum Shs USD | 0.65% | -8.2% | +36.4% | — |

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

## 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, INRG holds 103 positions, according to its published holdings. The largest is Nextpower at 9.92% of the fund; the ten largest make up 51.7%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Nextpower | [NXT](https://fundology.uk/stock/NASDAQ:NXT) | 9.92% |
| 2 | First Solar | [FSLR](https://fundology.uk/stock/FSLR) | 9.26% |
| 3 | Iberdrola | [IBE](https://fundology.uk/stock/IBE) | 6.70% |
| 4 | China Yangtze Power | [600900](https://fundology.uk/stock/600900) | 5.47% |
| 5 | Bloom Energy · Class A | [BE](https://fundology.uk/stock/BE) | 4.93% |
| 6 | AXIA Energia | [AXIA3](https://fundology.uk/stock/AXIA3) | 3.91% |
| 7 | Vestas Wind Systems | [VWS](https://fundology.uk/stock/VWS) | 3.44% |
| 8 | Ormat Tech | — | 2.94% |
| 9 | Enphase Energy | [ENPH](https://fundology.uk/stock/ENPH) | 2.61% |
| 10 | Chubu Electric Power | [9502](https://fundology.uk/stock/9502) | 2.48% |

## 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 | 47.2% |
| Industrials | 30.8% |
| Information Technology | 20.0% |
| Energy | 1.5% |
| Materials | 0.3% |
| Cash and derivatives | 0.2% |

### By country

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

| Country | Weight |
|---|---|
| United States | 37.8% |
| China | 18.2% |
| Brazil | 8.2% |
| Spain | 7.9% |
| India | 5.3% |
| Denmark | 5.1% |
| Israel | 3.5% |
| Portugal | 3.1% |
| Other countries | 10.9% |

### 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 | 0.3% |

The 101 holdings on record (of 103 reported): https://fundology.uk/fund/inrg/holdings

## Questions people ask

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

The ongoing charge of INRG 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 Clean Energy Transition UCITS ETD USD 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 INRG track?**

INRG tracks the S&P Global Clean Energy Transition.

**Is INRG accumulating or distributing?**

INRG 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 INRG?**

The ISIN of INRG is IE00B1XNHC34. An ISIN identifies one exact share class of a fund; INRG is its ticker on the London Stock Exchange. The same share class is also listed as IQQH (Xetra, euros).

**What does INRG hold?**

As of 06/11/2026, INRG holds 103 positions, according to its published holdings. The largest is Nextpower at 9.92% of the fund; the ten largest make up 51.7%. Its ten largest holdings are Nextpower (9.92%), First Solar (9.26%), Iberdrola (6.70%), China Yangtze Power (5.47%), Bloom Energy · Class A (4.93%), AXIA Energia (3.91%), Vestas Wind Systems (3.44%), Ormat Tech (2.94%), Enphase Energy (2.61%) and Chubu Electric Power (2.48%).

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

Calendar-year returns of INRG in pounds (price only, income paid out not included): 2022 +4.8%, 2023 −24.6%, 2024 −24.2%, 2025 +34.7%; 2026 to 13/11/2026 −5.9%. Past performance is not a guide to future returns.

**How has INRG done after inflation?**

Over the five years to 13/11/2026 INRG’s total return was −29.0%, or −44.6% 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/251911/ishares-global-clean-energy-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-global-clean-energy-transition-ucits-etf-usd-dist-gb-ie00b1xnhc34-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/inrg-ishares-global-clean-energy-transition-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.