ETF · iShares
ITEB iShares Italy Govt Bond UCITS ETF Hedged GBP
ISIN IE0003V00UC4London Stock Exchange: ITEBBlackRock, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£5.48
on
- Ongoing charge
- 0.22% a year
- Fund size
- £513k
As of , at least 15 min delayed
At a glance
As of 13/11/2026, ITEB (iShares Italy Govt Bond UCITS ETF Hedged GBP, ISIN IE0003V00UC4) closed at £5.48 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the three years to 13/11/2026 its total return was +4.5%, or −5.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.6%
- −4.1% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +4.5%
- −5.6% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK 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 Italy Govt Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2023 +8.1%, 2024 +3.0%, 2025 +2.3%; 2026 to 13/11/2026 −1.7%. Returns of iShares Italy Govt Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −3.8%; to 30/09/2025: +2.0%; to 30/09/2024: +11.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −1.7% | −4.8% | |
| to | +2.3% | −1.2% | |
| to | +3.0% | −0.5% | |
| +8.1% | +3.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −3.8% | −7.2% |
| from | +2.0% | −2.0% |
| from | +11.1% | +8.3% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
4.9%over 3 years
| 1 year | 4.9% |
|---|---|
| 3 years | 4.9% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2022
- −5.7%
- From to
- Lowest 12-month return
- −4.5%
- 12 months to
- Highest 12-month return
- +12.4%
- 12 months to
- Below its highest weekly close since October 2022
- 4.1%
- High of , latest
In words: Volatility of iShares Italy Govt Bond UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 4.9% over 1 year, 4.9% over 3 years. Largest fall in the price of iShares Italy Govt Bond UCITS ETF Hedged GBP since October 2022, in pounds: −5.7% from 27/02/2026 to 02/10/2026. The lowest 12-month return of iShares Italy Govt Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since October 2022 was −4.5% (12 months to 23/10/2026); the highest was +12.4% (12 months to 18/10/2024). On 13/11/2026 the price of iShares Italy Govt Bond UCITS ETF Hedged GBP was 4.1% below its highest weekly close since October 2022 (27/02/2026), in pounds.
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
- 0.22%
- a year
- On £10,000
- £22
- a year, roughly
- Over five years
- £110
- of £10,000, before growth
- 252 charge less
- 7 the same
- 52 charge more
Ongoing charge of iShares Italy Govt Bond UCITS ETF Hedged GBP 0.22% a year. Compared on 14/11/2026, 52 of the 311 other government bond funds charge more, 7 the same and 252 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares Italy Govt Bond UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2022.
It tracks the Bloomberg Euro Aggregate Treasury Italy.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.22% a year — about £22 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- ITEB
- ISIN
- IE0003V00UC4
- Provider
- iShares
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.22% a year · about £22 on £10,000
- Fund size
- £513k
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £5.66 on 14/11/2025 to £5.48 on 13/11/2026 (−3.1%). The lowest close shown was £5.39 on 02/10/2026 and the highest £5.71 on 27/02/2026.
One close a week. Before 09/10/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
215 weekly closes, from 07/10/2022 to 13/11/2026. The same history in November 2026 pounds, adjusted with 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
What it holds
- Holdings
- 97
- on record
- Ten largest
- 16.8%
- of the whole fund
- Effective number of holdings
- 87
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.0%
- Italy (Republic Of) 4.00% 01/02/2037
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Italy (Republic Of) 4.00% 01/02/2037Treasury | 2.00% |
| 2 | Italy (Republic Of) Mtn 3.50% 01/03/2030Treasury | 1.79% |
| 3 | ITALY (REPUBLIC OF) RegS 6.00% 01/05/2031Treasury | 1.77% |
| 4 | Italy (Republic Of) 5.00% 01/08/2034Treasury | 1.76% |
| 5 | ITALY (REPUBLIC OF) RegS 5.75% 01/02/2033Treasury | 1.70% |
| 6 | Italy (Republic Of) 5.00% 01/08/2039Treasury | 1.66% |
| 7 | Italy (Republic Of) 5.00% 01/09/2040Treasury | 1.58% |
| 8 | Italy (Republic Of) 4.75% 01/09/2028Treasury | 1.55% |
| 9 | ITALY (REPUBLIC OF) RegS 5.25% 01/11/2029Treasury | 1.50% |
| 10 | ITALY (REPUBLIC OF) RegS 3.00% 01/08/2029Treasury | 1.48% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Treasury99.9%
- Cash and derivatives0.1%
By type of asset
- Bonds99.9%
- Cash and money market0.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 97 largest and what changed since .
More of the portfolio
The fund publishes 96 holdings; the ten largest make up 16.8% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
3 funds track Bloomberg Euro Aggregate Treasury Italy, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.22% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Italy Govt Bond UCITS ETFDistributing · 0.20% a year | 0.20% | −7.2% | +7.6% | −7.9% |
| iShares Italy Govt Bond UCITS ETF Hedged GBPThis fundDistributing · Currency hedged · 0.22% a year | 0.22% | −0.6% | +4.5% | Not reported |
| iShares Italy Govt Bond UCITS ETF USD Hedged AccAccumulating · Currency hedged · 0.22% a year | 0.22% | −0.7% | +9.7% | +5.4% |
As of
Bloomberg Euro Aggregate Treasury Italy funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 163 rolling 12-month returns since October 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2022, 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.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes 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 ITEB?
The ongoing charge of ITEB is 0.22% a year — about £22 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 Italy Govt Bond UCITS ETF Hedged GBP 0.22% a year. Compared on 14/11/2026, 52 of the 311 other government bond funds charge more, 7 the same and 252 less (share classes counted once).
What does ITEB track?
ITEB tracks the Bloomberg Euro Aggregate Treasury Italy.
Is ITEB accumulating or distributing?
ITEB 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 ITEB?
The ISIN of ITEB is IE0003V00UC4. An ISIN identifies one exact share class of a fund; ITEB is its ticker on the London Stock Exchange.
What does ITEB hold?
As of 06/11/2026, ITEB holds 96 positions, according to its published holdings. The largest is Italy (Republic Of) 4.00% 01/02/2037 at 2.00% of the fund; the ten largest make up 16.8%. Its ten largest holdings are Italy (Republic Of) 4.00% 01/02/2037 (2.00%), Italy (Republic Of) Mtn 3.50% 01/03/2030 (1.79%), ITALY (REPUBLIC OF) RegS 6.00% 01/05/2031 (1.77%), Italy (Republic Of) 5.00% 01/08/2034 (1.76%), ITALY (REPUBLIC OF) RegS 5.75% 01/02/2033 (1.70%), Italy (Republic Of) 5.00% 01/08/2039 (1.66%), Italy (Republic Of) 5.00% 01/09/2040 (1.58%), Italy (Republic Of) 4.75% 01/09/2028 (1.55%), ITALY (REPUBLIC OF) RegS 5.25% 01/11/2029 (1.50%) and ITALY (REPUBLIC OF) RegS 3.00% 01/08/2029 (1.48%).
What were ITEB’s returns in each of the last five years?
Calendar-year returns of ITEB in pounds (price only, income paid out not included): 2023 +8.1%, 2024 +3.0%, 2025 +2.3%; 2026 to 13/11/2026 −1.7%. Past performance is not a guide to future returns.
How has ITEB done after inflation?
Over the three years to 13/11/2026 ITEB’s total return was +4.5%, or −5.6% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CU71iShares USD Treasury Bond 3-7yr UCITS ETF0.07% a year · £6.1bn
- IBTAiShares USD Treasury Bond 1-3yr UCITS ETF Acc0.07% a year · £5.8bn
- SEGAiShares Core EUR Govt Bond UCITS ETF0.07% a year · £4.6bn
- SEMLiShares J.P. Morgan EM Local Govt Bond UCITS ETF0.50% a year · £4.1bn
- CBU0iShares USD Treasury Bond 7-10yr UCITS ETF USD (Acc) USD0.07% a year · £3.9bn
- VETAVanguard EUR Eurozone Government Bond UCITS ETF0.07% a year · £3.4bn
- IGLTiShares Core UK Gilts UCITS ETF0.07% a year · £3.4bn
- IBTMiShares USD Treasury Bond 7-10yr UCITS ETF0.07% a year · £3.0bn
Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.