# iShares USD TIPS UCITS ETF (ITPG) **Source:** https://fundology.uk/fund/itpg · ISIN IE00BDZVH859 · 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, ITPG (iShares USD TIPS UCITS ETF, ISIN IE00BDZVH859) closed at £4.57 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 30/09/2026 its total return was −3.9%, or −24.9% after UK CPIH inflation. ## Summary iShares USD TIPS UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the Bloomberg US Govt Inflation-Linked. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.12% a year — about £12 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: **£4.57** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | ITPG | | ISIN | IE00BDZVH859 | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg US Govt Inflation-Linked | | Income | Distributing | | Ongoing charge | 0.12% a year (£12 per £10,000) | | Fund size | £906m | | Launched | 2018 | | 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 | -2.25% | -5.31% | income reinvested | | 3 years | +10.34% | -0.43% | income reinvested | | 5 years | -3.94% | -24.90% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD TIPS UCITS ETF in pounds (price only, income paid out not included): 2022 −14.7%, 2023 +1.1%, 2024 −2.9%, 2025 +2.0%; 2026 to 30/09/2026 −5.7%. Returns of iShares USD TIPS UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.6%; to 30/09/2025: −1.4%; to 30/09/2024: +5.0%; to 30/09/2023: −1.6%; to 30/09/2022: −13.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -14.7% | -22.0% | Price | | 2023 | +1.1% | -3.0% | Price | | 2024 | -2.9% | -6.2% | Price | | 2025 | +2.0% | -1.5% | Price | | 2026 to 30/09/2026 | -5.7% | -8.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 4.15% | -7.53% | | 3 years | 5.57% | -7.91% | | 5 years | 6.35% | -19.85% | ## Largest fall Volatility of iShares USD TIPS UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 4.2% over 1 year, 5.6% over 3 years, 6.4% over 5 years. Largest fall in the price of iShares USD TIPS UCITS ETF since October 2021, in pounds: −19.9% from 19/11/2021 to 30/09/2026. The lowest 12-month return of iShares USD TIPS UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −15.6% (12 months to 04/11/2022); the highest was +6.9% (12 months to 11/03/2022). On 30/09/2026 the price of iShares USD TIPS UCITS ETF was 19.9% below its highest weekly close since October 2021 (19/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD TIPS UCITS ETF 0.12% a year, as of 01/10/2026: 136 of the 274 other government bond funds charge more, 19 the same and 119 less (share classes counted once). ## Funds tracking the same index 7 funds track Bloomberg US Govt Inflation-Linked, this one included and share classes counted once; their ongoing charges range from 0.09% to 0.17% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares USD TIPS UCITS ETF | 0.10% | -0.7% | +2.7% | +1.1% | | iShares USD TIPS UCITS ETF (this fund) | 0.12% | -2.2% | +10.3% | -3.9% | | iShares USD TIPS UCITS ETF Accum- Hedge GBP | 0.12% | -2.2% | — | — | | Multi Units Luxembourg SICAV - Amundi US TIPS -C-USD- Capitalisation | 0.09% | -1.1% | +2.5% | -0.1% | | Multi Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution | 0.09% | -0.7% | +2.5% | +0.9% | | State Street SPDR Bloomberg U.S. TIPS UCITS ETF Accum USD | — | — | — | — | | State Street SPDR Bloomberg U.S. TIPS UCITS ETF USD | 0.17% | -0.6% | +2.5% | +0.8% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.12%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | Treasury (Cpi) Note | 99.95% | | Blk Ics USD Liq Agency Dis | 0.06% | | GBP Cash | 0.03% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by iShares, as of 29/09/2026. | Sector | Weight | |---|---| | Treasury | 99.9% | | Cash and derivatives | 0.1% | ### By type of asset Added up from the holdings iShares publishes, as of 29/09/2026. | Type of asset | Weight | |---|---| | Bonds | 100.0% | | Cash and money market | 0.1% | --- 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.