# iShares US Aggregate Bond UCITS ETF (IUGA)

**Page:** https://fundology.uk/fund/iuga · ISIN IE00BDFGJ841

## 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, IUGA (iShares US Aggregate Bond UCITS ETF, ISIN IE00BDFGJ841) closed at £4.20 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its total return was −5.7%, or −26.4% after UK CPIH inflation.

## Summary

iShares US Aggregate Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the Bloomberg US Aggregate. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 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.

Latest close: **£4.20** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IUGA |
| ISIN | IE00BDFGJ841 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg US Aggregate |
| Income | Distributing |
| Ongoing charge | 0.30% a year (£30 per £10,000) |
| Fund size | £40.9m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/04/2018 |

## 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 | -0.65% | -4.17% | income reinvested |
| 3 years | +12.72% | +1.84% | income reinvested |
| 5 years | -5.74% | -26.42% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares US Aggregate Bond UCITS ETF in pounds (price only, income paid out not included): 2022 −15.7%, 2023 +0.8%, 2024 −2.7%, 2025 +2.8%; 2026 to 13/11/2026 −3.6%. Returns of iShares US Aggregate Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.2%; to 30/09/2025: −1.2%; to 30/09/2024: +6.9%; to 30/09/2023: −3.5%; to 30/09/2022: −16.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -15.7% | -22.8% | Price |
| 2023 | +0.8% | -3.2% | Price |
| 2024 | -2.7% | -6.0% | Price |
| 2025 | +2.8% | -0.7% | Price |
| 2026 to 13/11/2026 | -3.6% | -6.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.18% | -6.35% |
| 3 years | 5.82% | -7.32% |
| 5 years | 6.32% | -20.75% |

## Largest fall

Volatility of iShares US Aggregate Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.2% over 1 year, 5.8% over 3 years, 6.3% over 5 years. Largest fall in the price of iShares US Aggregate Bond UCITS ETF since November 2021, in pounds: −20.8% from 03/12/2021 to 20/10/2023. The lowest 12-month return of iShares US Aggregate Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −18.8% (12 months to 04/11/2022); the highest was +7.5% (12 months to 18/10/2024). On 13/11/2026 the price of iShares US Aggregate Bond UCITS ETF was 18.6% below its highest weekly close since November 2021 (03/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares US Aggregate Bond UCITS ETF 0.30% a year. Compared on 14/11/2026, 140 of the 427 other corporate and other bond funds charge more, 22 the same and 265 less (share classes counted once).

## Funds tracking the same index

5 funds track Bloomberg US Aggregate, this one included and share classes counted once; their ongoing charges range from 0.17% to 0.30% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares US Aggregate Bond UCITS ETF (this fund) | 0.30% | -0.7% | +12.7% | -5.7% |
| iShares US Aggregate Bond UCITS ETF Acc EUR | 0.30% | -7.4% | +3.0% | -14.5% |
| iShares US Aggregate Bond UCITS ETF Acc USD | 0.25% | -0.9% | +5.4% | -1.6% |
| iShares US Aggregate Bond UCITS ETF USD | 0.25% | -1.8% | +4.3% | -1.2% |
| State Street SPDR Bloomberg U.S. Aggregate Bond UCITS ETF USD | 0.17% | -1.7% | +3.8% | -1.4% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.30%** 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, IUGA holds 10,290 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 3.81% of the fund; the ten largest make up 9.3%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Blk Ics USD Leaf Agency Dist | — | 3.81% |
| 2 | Fnma 30YR Umbs 2.00% 01/07/2051 | — | 1.29% |
| 3 | Fhlmc 30YR Umbs Super 2.50% 01/04/2051 | — | 0.79% |
| 4 | Fnma 30YR Umbs 2.00% 01/02/2052 | — | 0.74% |
| 5 | GNMA2 30YR 2021 Production 2.50% 20/02/2051 | — | 0.58% |
| 6 | GNMA2 30YR 2021 Production 2.00% 20/10/2051 | — | 0.44% |
| 7 | Treasury Note 4.25% 15/11/2034 | — | 0.41% |
| 8 | Treasury Note 4.00% 15/11/2035 | — | 0.40% |
| 9 | Treasury Note 4.25% 15/05/2035 | — | 0.40% |
| 10 | Treasury Note 4.38% 15/05/2034 | — | 0.40% |

## 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 | 48.3% |
| MBS Pass-Through | 23.1% |
| Industrial | 14.2% |
| Financial Institutions | 7.8% |
| Utility | 2.4% |
| Sovereign | 1.2% |
| Supranational | 1.1% |
| Local Authority | 0.7% |
| Other sectors | 1.1% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 96.3% |
| Cash and money market | 3.7% |

The 1,815 holdings on record (of 10,290 reported): https://fundology.uk/fund/iuga/holdings

## Questions people ask

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

The ongoing charge of IUGA is 0.30% a year — about £30 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 US Aggregate Bond UCITS ETF 0.30% a year. Compared on 14/11/2026, 140 of the 427 other corporate and other bond funds charge more, 22 the same and 265 less (share classes counted once).

**What does IUGA track?**

IUGA tracks the Bloomberg US Aggregate.

**Is IUGA accumulating or distributing?**

IUGA 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 IUGA?**

The ISIN of IUGA is IE00BDFGJ841. An ISIN identifies one exact share class of a fund; IUGA is its ticker on the London Stock Exchange.

**What does IUGA hold?**

As of 06/11/2026, IUGA holds 10,290 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 3.81% of the fund; the ten largest make up 9.3%. Its ten largest holdings are Blk Ics USD Leaf Agency Dist (3.81%), Fnma 30YR Umbs 2.00% 01/07/2051 (1.29%), Fhlmc 30YR Umbs Super 2.50% 01/04/2051 (0.79%), Fnma 30YR Umbs 2.00% 01/02/2052 (0.74%), GNMA2 30YR 2021 Production 2.50% 20/02/2051 (0.58%), GNMA2 30YR 2021 Production 2.00% 20/10/2051 (0.44%), Treasury Note 4.25% 15/11/2034 (0.41%), Treasury Note 4.00% 15/11/2035 (0.40%), Treasury Note 4.25% 15/05/2035 (0.40%) and Treasury Note 4.38% 15/05/2034 (0.40%).

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

Calendar-year returns of IUGA in pounds (price only, income paid out not included): 2022 −15.7%, 2023 +0.8%, 2024 −2.7%, 2025 +2.8%; 2026 to 13/11/2026 −3.6%. Past performance is not a guide to future returns.

**How has IUGA done after inflation?**

Over the five years to 13/11/2026 IUGA’s total return was −5.7%, or −26.4% 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/296775/ishares-us-aggregate-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-us-aggregate-bond-ucits-etf-gbp-hedged-dist-gb-ie00bdfgj841-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iuga-ishares-us-aggregate-bond-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.