# Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD (IT27)

**Page:** https://fundology.uk/fund/it27 · ISIN IE0004OYBZA6

## 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, IT27 (Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD, ISIN IE0004OYBZA6) closed at $110.78 on the London Stock Exchange. Its ongoing charge is 0.13% a year (about £13 on £10,000). Over the year to 13/11/2026 its total return was +2.6%, or −1.0% after UK CPIH inflation.

## Summary

Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD is an exchange-traded fund (ETF) from iShares, launched in 2024. It tracks the ICE 2027 Maturity US Treasury UCITS Index - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.13% a year — about £13 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **$110.78** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IT27 |
| ISIN | IE0004OYBZA6 |
| Category | Government bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | ICE 2027 Maturity US Treasury UCITS Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.13% a year (£13 per £10,000) |
| Fund size | £18.1m |
| Launched | 2024 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 06/05/2024 |

## 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 | +2.59% | -1.04% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD in pounds (price, with income reinvested in the fund): 2025 −2.8%; 2026 to 13/11/2026 +4.0%. Returns of Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +4.0%; to 30/09/2025: +3.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | -2.8% | -6.1% | Price |
| 2026 to 13/11/2026 | +4.0% | +0.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.45% | -4.20% |

## Largest fall

Volatility of Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 5.4% over 1 year. Largest fall in the price of Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD since June 2024, in pounds: −8.6% from 17/01/2025 to 27/06/2025. The lowest 12-month return of Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD in pounds (price, with income reinvested in the fund) since June 2024 was −5.1% (12 months to 30/01/2026); the highest was +7.4% (12 months to 26/06/2026). On 13/11/2026 the price of Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD was 0.7% below its highest weekly close since June 2024 (17/01/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD 0.13% a year. Compared on 14/11/2026, 151 of the 311 other government bond funds charge more, 7 the same and 153 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.13%** per year (as of 13/11/2026)
- 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, IT27 holds 49 positions, according to its published holdings. The largest is Treasury Note 4.00% 15/01/2027 at 3.09% of the fund; the ten largest make up 28.9%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury Note 4.00% 15/01/2027 | — | 3.09% |
| 2 | Treasury Note 3.75% 30/06/2027 | — | 2.91% |
| 3 | Treasury Note 1.50% 31/01/2027 | — | 2.90% |
| 4 | Treasury Note 3.88% 31/03/2027 | — | 2.89% |
| 5 | Treasury Note 3.50% 30/09/2027 | — | 2.88% |
| 6 | Treasury Note 4.13% 28/02/2027 | — | 2.88% |
| 7 | Treasury Note 3.75% 30/04/2027 | — | 2.87% |
| 8 | Treasury Note 3.88% 31/07/2027 | — | 2.87% |
| 9 | Treasury Note 3.50% 31/10/2027 | — | 2.81% |
| 10 | Treasury Note 3.63% 31/08/2027 | — | 2.79% |

## 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 |
|---|---|
| Treasury | 99.8% |
| Cash and derivatives | 0.2% |

### By type of asset

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

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

All 51 holdings: https://fundology.uk/fund/it27/holdings

## Questions people ask

**What is the ongoing charge of IT27?**

The ongoing charge of IT27 is 0.13% a year — about £13 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 Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSD 0.13% a year. Compared on 14/11/2026, 151 of the 311 other government bond funds charge more, 7 the same and 153 less (share classes counted once).

**What does IT27 track?**

IT27 tracks the ICE 2027 Maturity US Treasury UCITS Index - Benchmark TR Net.

**Is IT27 accumulating or distributing?**

IT27 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of IT27?**

The ISIN of IT27 is IE0004OYBZA6. An ISIN identifies one exact share class of a fund; IT27 is its ticker on the London Stock Exchange.

**What does IT27 hold?**

As of 06/11/2026, IT27 holds 49 positions, according to its published holdings. The largest is Treasury Note 4.00% 15/01/2027 at 3.09% of the fund; the ten largest make up 28.9%. Its ten largest holdings are Treasury Note 4.00% 15/01/2027 (3.09%), Treasury Note 3.75% 30/06/2027 (2.91%), Treasury Note 1.50% 31/01/2027 (2.90%), Treasury Note 3.88% 31/03/2027 (2.89%), Treasury Note 3.50% 30/09/2027 (2.88%), Treasury Note 4.13% 28/02/2027 (2.88%), Treasury Note 3.75% 30/04/2027 (2.87%), Treasury Note 3.88% 31/07/2027 (2.87%), Treasury Note 3.50% 31/10/2027 (2.81%) and Treasury Note 3.63% 31/08/2027 (2.79%).

**What were IT27’s returns in each of the last five years?**

Calendar-year returns of IT27 in pounds (price, with income reinvested in the fund): 2025 −2.8%; 2026 to 13/11/2026 +4.0%. Past performance is not a guide to future returns.

**How has IT27 done after inflation?**

Over the year to 13/11/2026 IT27’s total return was +2.6%, or −1.0% 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/337843/ishares-ibonds-dec-2027-term-treasury-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-ibonds-dec-2027-term-treasury-ucits-etf-usd-acc-gb-ie0004oybza6-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/it27-ishares-ibonds-dec-2027-term-treasury-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.