# iShares US Property Yield UCITS ETF (IUSP)

**Page:** https://fundology.uk/fund/iusp · ISIN IE00B1FZSF77

## 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, IUSP (iShares US Property Yield UCITS ETF, ISIN IE00B1FZSF77) closed at £24.50 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was +10.6%, or −13.7% after UK CPIH inflation.

## Summary

iShares US Property Yield UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2006. It tracks the FTSE EPRA Nareit US Dividend+. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.4% a year — about £40 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: **£24.50** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IUSP |
| ISIN | IE00B1FZSF77 |
| Also listed as | IDUP (London Stock Exchange, US dollars), IQQ7 (Xetra, euros) |
| Category | Property & infrastructure |
| Type | ETF |
| Provider | iShares |
| Tracks | FTSE EPRA Nareit US Dividend+ |
| Income | Distributing |
| Ongoing charge | 0.40% a year (£40 per £10,000) |
| Fund size | £466m |
| Launched | 2006 |
| 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 | +11.60% | +7.65% | income reinvested |
| 3 years | +36.95% | +23.73% | income reinvested |
| 5 years | +10.62% | -13.65% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares US Property Yield UCITS ETF in pounds (price only, income paid out not included): 2022 −18.0%, 2023 +3.2%, 2024 +5.0%, 2025 −10.6%; 2026 to 13/11/2026 +14.2%. Returns of iShares US Property Yield UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +3.1%; to 30/09/2025: −6.0%; to 30/09/2024: +15.8%; to 30/09/2023: −11.7%; to 30/09/2022: −2.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -18.0% | -24.9% | Price |
| 2023 | +3.2% | -0.9% | Price |
| 2024 | +5.0% | +1.4% | Price |
| 2025 | -10.6% | -13.7% | Price |
| 2026 to 13/11/2026 | +14.2% | +10.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.97% | -11.75% |
| 3 years | 14.92% | -20.06% |
| 5 years | 16.41% | -30.08% |

## Largest fall

Volatility of iShares US Property Yield UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 14.0% over 1 year, 14.9% over 3 years, 16.4% over 5 years. Largest fall in the price of iShares US Property Yield UCITS ETF since November 2021, in pounds: −30.1% from 22/04/2022 to 27/10/2023. The lowest 12-month return of iShares US Property Yield UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −22.3% (12 months to 18/08/2023); the highest was +40.2% (12 months to 07/01/2022). On 13/11/2026 the price of iShares US Property Yield UCITS ETF was 11.3% below its highest weekly close since November 2021 (22/04/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares US Property Yield UCITS ETF 0.40% a year. Compared on 14/11/2026, 25 of the 45 other property and infrastructure funds charge more, 9 the same and 11 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.40%** 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, IUSP holds 86 positions, according to its published holdings. The largest is Prologis at 10.58% of the fund; the ten largest make up 55.4%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Prologis | [PLD](https://fundology.uk/stock/PLD) | 10.58% |
| 2 | Equinix | [EQIX](https://fundology.uk/stock/EQIX) | 8.78% |
| 3 | Simon Property Group | [SPG](https://fundology.uk/stock/SPG) | 6.42% |
| 4 | Digital Realty Trust | [DLR](https://fundology.uk/stock/DLR) | 5.68% |
| 5 | Public Storage | [PSA](https://fundology.uk/stock/PSA) | 4.99% |
| 6 | Realty Income | [O](https://fundology.uk/stock/O) | 4.85% |
| 7 | Vivmark Residential | [VMRK](https://fundology.uk/stock/VMRK) | 4.38% |
| 8 | Ventas | [VTR](https://fundology.uk/stock/VTR) | 3.99% |
| 9 | Extra Space Storage | [EXR](https://fundology.uk/stock/EXR) | 2.94% |
| 10 | Iron Mountain | — | 2.77% |

## 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 |
|---|---|
| Other Specialty REITs | 21.6% |
| Retail Reits | 20.4% |
| Residential Reits | 14.2% |
| Hotel and Lodging REITs | 6.0% |
| Office REITs | 3.6% |
| Diversified Reits | 2.6% |
| Cash and derivatives | 0.1% |
| Other | 31.3% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.9% |
| Cash and money market | 0.1% |

All 88 holdings: https://fundology.uk/fund/iusp/holdings

## Questions people ask

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

The ongoing charge of IUSP is 0.40% a year — about £40 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 Property Yield UCITS ETF 0.40% a year. Compared on 14/11/2026, 25 of the 45 other property and infrastructure funds charge more, 9 the same and 11 less (share classes counted once).

**What does IUSP track?**

IUSP tracks the FTSE EPRA Nareit US Dividend+.

**Is IUSP accumulating or distributing?**

IUSP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of IUSP?**

The ISIN of IUSP is IE00B1FZSF77. An ISIN identifies one exact share class of a fund; IUSP is its ticker on the London Stock Exchange. The same share class is also listed as IDUP (London Stock Exchange, US dollars) and IQQ7 (Xetra, euros).

**What does IUSP hold?**

As of 06/11/2026, IUSP holds 86 positions, according to its published holdings. The largest is Prologis at 10.58% of the fund; the ten largest make up 55.4%. Its ten largest holdings are Prologis (10.58%), Equinix (8.78%), Simon Property Group (6.42%), Digital Realty Trust (5.68%), Public Storage (4.99%), Realty Income (4.85%), Vivmark Residential (4.38%), Ventas (3.99%), Extra Space Storage (2.94%) and Iron Mountain (2.77%).

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

Calendar-year returns of IUSP in pounds (price only, income paid out not included): 2022 −18.0%, 2023 +3.2%, 2024 +5.0%, 2025 −10.6%; 2026 to 13/11/2026 +14.2%. Past performance is not a guide to future returns.

**How has IUSP done after inflation?**

Over the five years to 13/11/2026 IUSP’s total return was +10.6%, or −13.7% 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/251803/ishares-us-property-yield-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-us-property-yield-ucits-etf-usd-dist-gb-ie00b1fzsf77-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iusp-ishares-us-property-yield-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.