# iShares USD Corp Bond UCITS ETF Hedged EUR (LQEE)

**Page:** https://fundology.uk/fund/lqee · ISIN IE00BF3N6Y61

## 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, LQEE (iShares USD Corp Bond UCITS ETF Hedged EUR, ISIN IE00BF3N6Y61) closed at €3.41 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was −17.9%, or −35.9% after UK CPIH inflation.

## Summary

iShares USD Corp Bond UCITS ETF Hedged EUR is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the iBoxx USD Liquid Investment Grade Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 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 to euros, not to the pound: it aims to remove most of the effect of exchange-rate moves against euros, so a holder who counts in pounds still has currency risk.

Latest close: **€3.41** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LQEE |
| ISIN | IE00BF3N6Y61 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | iBoxx USD Liquid Investment Grade Index |
| Income | Distributing |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £254m |
| Launched | 2017 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/09/2017 |

## 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 | -8.70% | -11.93% | income reinvested |
| 3 years | +5.06% | -5.08% | income reinvested |
| 5 years | -17.86% | -35.89% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares USD Corp Bond UCITS ETF Hedged EUR in pounds (price only, income paid out not included): 2022 −18.6%, 2023 −0.8%, 2024 −10.0%, 2025 +5.6%; 2026 to 13/11/2026 −11.7%. Returns of iShares USD Corp Bond UCITS ETF Hedged EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −12.6%; to 30/09/2025: +0.9%; to 30/09/2024: +4.0%; to 30/09/2023: −6.1%; to 30/09/2022: −22.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -18.6% | -25.4% | Price |
| 2023 | -0.8% | -4.8% | Price |
| 2024 | -10.0% | -13.1% | Price |
| 2025 | +5.6% | +2.0% | Price |
| 2026 to 13/11/2026 | -11.7% | -14.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.73% | -13.93% |
| 3 years | 7.32% | -16.03% |
| 5 years | 8.83% | -34.08% |

## Largest fall

Volatility of iShares USD Corp Bond UCITS ETF Hedged EUR in pounds, annualised from weekly returns to 13/11/2026: 6.7% over 1 year, 7.3% over 3 years, 8.8% over 5 years. Largest fall in the price of iShares USD Corp Bond UCITS ETF Hedged EUR since November 2021, in pounds: −34.1% from 03/12/2021 to 13/11/2026. The lowest 12-month return of iShares USD Corp Bond UCITS ETF Hedged EUR in pounds (price only, income paid out not included) since January 2021 was −25.4% (12 months to 04/11/2022); the highest was +6.0% (12 months to 09/01/2026). On 13/11/2026 the price of iShares USD Corp Bond UCITS ETF Hedged EUR was 34.1% below its highest weekly close since November 2021 (03/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares USD Corp Bond UCITS ETF Hedged EUR 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once).

## Funds tracking the same index

4 funds track iBoxx USD Liquid Investment Grade Index, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.25% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares USD Corp Bond UCITS ETF | 0.20% | -3.1% | +6.6% | -4.4% |
| iShares USD Corp Bond UCITS ETF Acc | 0.20% | -2.2% | +7.7% | -4.7% |
| iShares USD Corp Bond UCITS ETF GBP Hedged | 0.25% | -2.0% | +15.0% | -9.3% |
| iShares USD Corp Bond UCITS ETF Hedged EUR (this fund) | 0.25% | -8.7% | +5.1% | -17.9% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** 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, LQEE holds 3,207 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 0.84% of the fund; the ten largest make up 2.2%.

### 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 | — | 0.84% |
| 2 | Anheuser-Busch Companies LLC 4.90% 01/02/2046 | — | 0.19% |
| 3 | Paramount Skydance Corp 144A 7.05% 15/10/2031 | — | 0.17% |
| 4 | CVS Health Corp 5.05% 25/03/2048 | — | 0.15% |
| 5 | Space Exploration Technologies Cor 144A 5.65% 15/07/2033 | — | 0.15% |
| 6 | Amazon.Com Inc 4.88% 13/03/2036 | — | 0.14% |
| 7 | Meta Platforms Inc 5.25% 15/05/2036 | — | 0.14% |
| 8 | Space Exploration Technologies Cor 144A 5.35% 15/07/2031 | — | 0.14% |
| 9 | T-Mobile USA Inc 3.88% 15/04/2030 | — | 0.14% |
| 10 | Goldman Sachs Group Inc/The 6.75% 01/10/2037 | — | 0.13% |

## 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 |
|---|---|
| Banking | 22.6% |
| Health Care | 11.7% |
| Communication Services | 11.3% |
| Energy | 8.1% |
| Consumer Cyclical | 7.4% |
| Consumer Non-Cyclical | 5.3% |
| Capital Goods | 4.8% |
| Insurance | 4.3% |
| Other sectors | 24.6% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 99.2% |
| Cash and money market | 0.8% |

The 3,192 holdings on record (of 3,207 reported): https://fundology.uk/fund/lqee/holdings

## Questions people ask

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

The ongoing charge of LQEE is 0.25% a year — about £25 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 USD Corp Bond UCITS ETF Hedged EUR 0.25% a year. Compared on 14/11/2026, 178 of the 427 other corporate and other bond funds charge more, 40 the same and 209 less (share classes counted once).

**What does LQEE track?**

LQEE tracks the iBoxx USD Liquid Investment Grade Index.

**Is LQEE accumulating or distributing?**

LQEE 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 LQEE?**

The ISIN of LQEE is IE00BF3N6Y61. An ISIN identifies one exact share class of a fund; LQEE is its ticker on the London Stock Exchange.

**What does LQEE hold?**

As of 06/11/2026, LQEE holds 3,207 positions, according to its published holdings. The largest is Blk Ics USD Leaf Agency Dist at 0.84% of the fund; the ten largest make up 2.2%. Its ten largest holdings are Blk Ics USD Leaf Agency Dist (0.84%), Anheuser-Busch Companies LLC 4.90% 01/02/2046 (0.19%), Paramount Skydance Corp 144A 7.05% 15/10/2031 (0.17%), CVS Health Corp 5.05% 25/03/2048 (0.15%), Space Exploration Technologies Cor 144A 5.65% 15/07/2033 (0.15%), Amazon.Com Inc 4.88% 13/03/2036 (0.14%), Meta Platforms Inc 5.25% 15/05/2036 (0.14%), Space Exploration Technologies Cor 144A 5.35% 15/07/2031 (0.14%), T-Mobile USA Inc 3.88% 15/04/2030 (0.14%) and Goldman Sachs Group Inc/The 6.75% 01/10/2037 (0.13%).

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

Calendar-year returns of LQEE in pounds (price only, income paid out not included): 2022 −18.6%, 2023 −0.8%, 2024 −10.0%, 2025 +5.6%; 2026 to 13/11/2026 −11.7%. Past performance is not a guide to future returns.

**How has LQEE done after inflation?**

Over the five years to 13/11/2026 LQEE’s total return was −17.9%, or −35.9% 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/290630/ishares-corp-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-corp-bond-ucits-etf-eur-hedged-dist-gb-ie00bf3n6y61-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/lqee-ishares-corp-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.