# iShares US Mortgage Backed Securities UCITS ETF USD (SMBS) **Source:** https://fundology.uk/fund/smbs · ISIN IE00BZ6V7883 · 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, SMBS (iShares US Mortgage Backed Securities UCITS ETF USD, ISIN IE00BZ6V7883) closed at £2.99 on the London Stock Exchange. Its ongoing charge is 0.28% a year (about £28 on £10,000). Over the five years to 30/09/2026 its total return was −1.0%, or −22.6% after UK CPIH inflation. ## Summary iShares US Mortgage Backed Securities UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2016. It tracks the Bloomberg U.S. MBS Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.28% a year — about £28 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: **£2.99** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SMBS | | ISIN | IE00BZ6V7883 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg U.S. MBS Index | | Income | Distributing | | Ongoing charge | 0.28% a year (£28 per £10,000) | | Fund size | £433m | | Launched | 2016 | | 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 | -0.49% | -3.61% | income reinvested | | 3 years | +4.44% | -5.76% | income reinvested | | 5 years | -0.97% | -22.58% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares US Mortgage Backed Securities UCITS ETF USD in pounds (price only, income paid out not included): 2022 −3.2%, 2023 −5.0%, 2024 −1.2%, 2025 −2.7%; 2026 to 30/09/2026 −3.8%. Returns of iShares US Mortgage Backed Securities UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.0%; to 30/09/2025: −0.7%; to 30/09/2024: −1.7%; to 30/09/2023: −11.7%; to 30/09/2022: +3.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.2% | -11.4% | Price | | 2023 | -5.0% | -8.8% | Price | | 2024 | -1.2% | -4.6% | Price | | 2025 | -2.7% | -6.0% | Price | | 2026 to 30/09/2026 | -3.8% | -6.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.07% | -8.00% | | 3 years | 7.65% | -9.65% | | 5 years | 8.23% | -19.57% | ## Largest fall Volatility of iShares US Mortgage Backed Securities UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 6.1% over 1 year, 7.6% over 3 years, 8.2% over 5 years. Largest fall in the price of iShares US Mortgage Backed Securities UCITS ETF USD since October 2021, in pounds: −19.6% from 23/09/2022 to 13/06/2025. The lowest 12-month return of iShares US Mortgage Backed Securities UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −14.1% (12 months to 18/08/2023); the highest was +5.8% (12 months to 12/06/2026). On 30/09/2026 the price of iShares US Mortgage Backed Securities UCITS ETF USD was 19.5% below its highest weekly close since October 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of iShares US Mortgage Backed Securities UCITS ETF USD 0.28% a year, as of 01/10/2026: 155 of the 383 other corporate and other bond funds charge more, 2 the same and 226 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg U.S. MBS Index, this one included and share classes counted once; their ongoing charges range from 0.28% to 0.30% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares US Mortgage Backed Securities UCITS ETF Acc | 0.28% | -0.8% | +4.5% | -2.0% | | iShares US Mortgage Backed Securities UCITS ETF Hedged GBP | 0.30% | -2.0% | +4.2% | — | | iShares US Mortgage Backed Securities UCITS ETF USD (this fund) | 0.28% | -0.5% | +4.4% | -1.0% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.28%** per year - ISA eligible: yes - SIPP eligible: yes --- 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.