# iShares Moderate Portfolio UCITS ETF Accum Hedged GBP (MAMG)

**Page:** https://fundology.uk/fund/mamg · ISIN IE00BLLZQ797

## 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, MAMG (iShares Moderate Portfolio UCITS ETF Accum Hedged GBP, ISIN IE00BLLZQ797) closed at £7.24 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 +16.8%, or −8.8% after UK CPIH inflation.

## Summary

iShares Moderate Portfolio UCITS ETF Accum Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2020. It tracks the No Underlying 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£7.24** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | MAMG |
| ISIN | IE00BLLZQ797 |
| Category | Ready-made mixes |
| Type | ETF |
| Provider | iShares |
| Income | Accumulating |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £26.2m |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 16/09/2020 |

## 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 | +7.79% | +3.97% | income reinvested |
| 3 years | +38.06% | +24.74% | income reinvested |
| 5 years | +16.78% | -8.85% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Moderate Portfolio UCITS ETF Accum Hedged GBP in pounds (price, with income reinvested in the fund): 2022 −14.5%, 2023 +10.0%, 2024 +11.4%, 2025 +8.8%; 2026 to 13/11/2026 +6.7%. Returns of iShares Moderate Portfolio UCITS ETF Accum Hedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +9.3%; to 30/09/2025: +9.2%; to 30/09/2024: +16.2%; to 30/09/2023: +5.3%; to 30/09/2022: −11.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -14.5% | -21.8% | Price |
| 2023 | +10.0% | +5.6% | Price |
| 2024 | +11.4% | +7.6% | Price |
| 2025 | +8.8% | +5.1% | Price |
| 2026 to 13/11/2026 | +6.7% | +3.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.06% | -5.05% |
| 3 years | 6.71% | -8.70% |
| 5 years | 7.94% | -17.31% |

## Largest fall

Volatility of iShares Moderate Portfolio UCITS ETF Accum Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 6.1% over 1 year, 6.7% over 3 years, 7.9% over 5 years. Largest fall in the price of iShares Moderate Portfolio UCITS ETF Accum Hedged GBP since November 2021, in pounds: −17.3% from 31/12/2021 to 21/10/2022. The lowest 12-month return of iShares Moderate Portfolio UCITS ETF Accum Hedged GBP in pounds (price, with income reinvested in the fund) since January 2021 was −15.6% (12 months to 04/11/2022); the highest was +21.2% (12 months to 25/10/2024). On 13/11/2026 the price of iShares Moderate Portfolio UCITS ETF Accum Hedged GBP was 1.8% below its highest weekly close since November 2021 (07/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Moderate Portfolio UCITS ETF Accum Hedged GBP 0.25% a year. Compared on 14/11/2026, 10 of the 43 other ready-made mixed funds charge more, 2 the same and 31 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** 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, MAMG holds 20 positions, according to its published holdings. The largest is Ishares MSCI USA Scrned Ucits ETF at 18.43% of the fund; the ten largest make up 77.5%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Ishares MSCI USA Scrned Ucits ETF | — | 18.43% |
| 2 | Ishs $ Tsy Bond 7-10YR Ucits ETF | — | 16.68% |
| 3 | Ishares MSCI USA ESG Enhance USD D | — | 8.40% |
| 4 | Ishares Euro Corp Bond ESG Ucits | — | 6.47% |
| 5 | Ishares MSCI Europe ESG Enha EUR D | — | 5.49% |
| 6 | Ishs MSCI EM ESG Enh Ctb Ucits ETF | — | 5.30% |
| 7 | Ishares EUR Govt Bond Climate Ucit | — | 5.17% |
| 8 | Ishares Jpm EM Lcal Gvt Bd ETF Dst | — | 4.21% |
| 9 | Ishares $ Corp Bond ESG Ucit USD A | — | 3.65% |
| 10 | Ishs China Cny Bond Ucits EUR Hd A | — | 3.65% |

## 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 funds | 35.6% |
| Banks | 6.9% |
| Semiconductors & Semiconductor Equipment | 6.1% |
| Tech Hardware & Equip | 4.4% |
| Financial Services | 4.4% |
| Pharma, Biotech & Life Sciences | 4.1% |
| Software & Services | 4.0% |
| Capital Goods | 3.8% |
| Other sectors | 30.6% |

### By country

As published for the fund, as of 06/11/2026.

| Country | Weight |
|---|---|
| United States | 62.5% |
| China | 5.2% |
| United Kingdom | 3.9% |
| France | 3.9% |
| Japan | 2.6% |
| Germany | 2.3% |
| Spain | 1.8% |
| Taiwan | 1.6% |
| Other countries | 16.4% |

### By type of asset

As published for the fund, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Fixed Income (FI) | 52.5% |
| Equity (EQ) | 44.5% |
| Alternatives | 3.0% |

All 23 holdings: https://fundology.uk/fund/mamg/holdings

## Questions people ask

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

The ongoing charge of MAMG 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 Moderate Portfolio UCITS ETF Accum Hedged GBP 0.25% a year. Compared on 14/11/2026, 10 of the 43 other ready-made mixed funds charge more, 2 the same and 31 less (share classes counted once).

**Is MAMG accumulating or distributing?**

MAMG is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of MAMG?**

The ISIN of MAMG is IE00BLLZQ797. An ISIN identifies one exact share class of a fund; MAMG is its ticker on the London Stock Exchange.

**What does MAMG hold?**

As of 06/11/2026, MAMG holds 20 positions, according to its published holdings. The largest is Ishares MSCI USA Scrned Ucits ETF at 18.43% of the fund; the ten largest make up 77.5%. Its ten largest holdings are Ishares MSCI USA Scrned Ucits ETF (18.43%), Ishs $ Tsy Bond 7-10YR Ucits ETF (16.68%), Ishares MSCI USA ESG Enhance USD D (8.40%), Ishares Euro Corp Bond ESG Ucits (6.47%), Ishares MSCI Europe ESG Enha EUR D (5.49%), Ishs MSCI EM ESG Enh Ctb Ucits ETF (5.30%), Ishares EUR Govt Bond Climate Ucit (5.17%), Ishares Jpm EM Lcal Gvt Bd ETF Dst (4.21%), Ishares $ Corp Bond ESG Ucit USD A (3.65%) and Ishs China Cny Bond Ucits EUR Hd A (3.65%).

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

Calendar-year returns of MAMG in pounds (price, with income reinvested in the fund): 2022 −14.5%, 2023 +10.0%, 2024 +11.4%, 2025 +8.8%; 2026 to 13/11/2026 +6.7%. Past performance is not a guide to future returns.

**How has MAMG done after inflation?**

Over the five years to 13/11/2026 MAMG’s total return was +16.8%, or −8.8% 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/313192/ishares-moderate-portfolio-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-moderate-portfolio-ucits-etf-gbp-hedged-acc-gb-ie00bllzq797-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/mamg-ishares-moderate-portfolio-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.