ETF · iShares
SPPB iShares Spain Govt Bond UCITS ETF -HEDGED- GBP
ISIN IE000Q4EBLW2London Stock Exchange: SPPBBlackRock, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£5.29
on
- Ongoing charge
- 0.22% a year
- Fund size
- £616k
As of , at least 15 min delayed
At a glance
As of 13/11/2026, SPPB (iShares Spain Govt Bond UCITS ETF -HEDGED- GBP, ISIN IE000Q4EBLW2) closed at £5.29 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the three years to 13/11/2026 its total return was +4.8%, or −5.3% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +0.9%
- −2.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +4.8%
- −5.3% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares Spain Govt Bond UCITS ETF -HEDGED- GBP in pounds (price only, income paid out not included): 2023 +6.6%, 2024 +2.0%, 2025 +1.1%; 2026 to 13/11/2026 −0.6%. Returns of iShares Spain Govt Bond UCITS ETF -HEDGED- GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −3.0%; to 30/09/2025: +1.1%; to 30/09/2024: +9.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −0.6% | −3.8% | |
| to | +1.1% | −2.4% | |
| to | +2.0% | −1.5% | |
| +6.6% | +2.3% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −3.0% | −6.5% |
| from | +1.1% | −2.9% |
| from | +9.8% | +7.0% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
4.6%over 3 years
| 1 year | 4.3% |
|---|---|
| 3 years | 4.6% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2022
- −5.1%
- From to
- Lowest 12-month return
- −3.1%
- 12 months to
- Highest 12-month return
- +10.5%
- 12 months to
- Below its highest weekly close since October 2022
- 3.2%
- High of , latest
In words: Volatility of iShares Spain Govt Bond UCITS ETF -HEDGED- GBP in pounds, annualised from weekly returns to 13/11/2026: 4.3% over 1 year, 4.6% over 3 years. Largest fall in the price of iShares Spain Govt Bond UCITS ETF -HEDGED- GBP since October 2022, in pounds: −5.1% from 02/12/2022 to 03/03/2023. The lowest 12-month return of iShares Spain Govt Bond UCITS ETF -HEDGED- GBP in pounds (price only, income paid out not included) since October 2022 was −3.1% (12 months to 09/10/2026); the highest was +10.5% (12 months to 18/10/2024). On 13/11/2026 the price of iShares Spain Govt Bond UCITS ETF -HEDGED- GBP was 3.2% below its highest weekly close since October 2022 (27/02/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.22%
- a year
- On £10,000
- £22
- a year, roughly
- Over five years
- £110
- of £10,000, before growth
- 252 charge less
- 7 the same
- 52 charge more
Ongoing charge of iShares Spain Govt Bond UCITS ETF -HEDGED- GBP 0.22% a year. Compared on 14/11/2026, 52 of the 311 other government bond funds charge more, 7 the same and 252 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares Spain Govt Bond UCITS ETF -HEDGED- GBP is an exchange-traded fund (ETF) from iShares, launched in 2022.
It tracks the Bloomberg Euro Aggregate Treasury Spain.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.22% a year — about £22 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- SPPB
- ISIN
- IE000Q4EBLW2
- Provider
- iShares
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.22% a year · about £22 on £10,000
- Fund size
- £616k
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £5.40 on 14/11/2025 to £5.29 on 13/11/2026 (−2.0%). The lowest close shown was £5.22 on 09/10/2026 and the highest £5.47 on 27/02/2026.
One close a week. Before 02/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
213 weekly closes, from 07/10/2022 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 53
- on record
- Ten largest
- 25.8%
- of the whole fund
- Effective number of holdings
- 48
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.7%
- SPAIN (KINGDOM OF) RegS 3.10% 30/07/2031
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | SPAIN (KINGDOM OF) RegS 3.10% 30/07/2031Treasury | 2.73% |
| 2 | Spain (Kingdom Of) 0.80% 30/07/2029Treasury | 2.66% |
| 3 | Spain (Kingdom Of) 3.50% 31/05/2029Treasury | 2.66% |
| 4 | Spain (Kingdom Of) 3.55% 31/10/2033Treasury | 2.66% |
| 5 | Spain (Kingdom Of) 1.45% 30/04/2029Treasury | 2.64% |
| 6 | Spain (Kingdom Of) 5.75% 30/07/2032Treasury | 2.58% |
| 7 | Spain (Kingdom Of) 3.25% 30/04/2034Treasury | 2.50% |
| 8 | Spain (Kingdom Of) 3.45% 31/10/2034Treasury | 2.49% |
| 9 | Spain (Kingdom Of) 0.70% 30/04/2032Treasury | 2.47% |
| 10 | Spain (Kingdom Of) 3.15% 30/04/2035Treasury | 2.44% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By type of asset
- Bonds100.0%
- Cash and money market0.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 53 largest and what changed since .
More of the portfolio
The fund publishes 52 holdings; the ten largest make up 25.8% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
3 funds track Bloomberg Euro Aggregate Treasury Spain, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.23% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Spain Govt Bond UCITS ETFDistributing · 0.20% a year | 0.20% | Not reported | +5.1% | Not reported |
| iShares Spain Govt Bond UCITS ETF -HEDGED- GBPThis fundDistributing · Currency hedged · 0.22% a year | 0.22% | +0.9% | +4.8% | Not reported |
| iShares Spain Govt Bond UCITS ETF AccAccumulating · 0.23% a year | 0.23% | +0.1% | +7.2% | +0.2% |
As of
Bloomberg Euro Aggregate Treasury Spain funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 161 rolling 12-month returns since October 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2022, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (152 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of SPPB?
The ongoing charge of SPPB is 0.22% a year — about £22 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 Spain Govt Bond UCITS ETF -HEDGED- GBP 0.22% a year. Compared on 14/11/2026, 52 of the 311 other government bond funds charge more, 7 the same and 252 less (share classes counted once).
What does SPPB track?
SPPB tracks the Bloomberg Euro Aggregate Treasury Spain.
Is SPPB accumulating or distributing?
SPPB 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 SPPB?
The ISIN of SPPB is IE000Q4EBLW2. An ISIN identifies one exact share class of a fund; SPPB is its ticker on the London Stock Exchange.
What does SPPB hold?
As of 06/11/2026, SPPB holds 52 positions, according to its published holdings. The largest is SPAIN (KINGDOM OF) RegS 3.10% 30/07/2031 at 2.73% of the fund; the ten largest make up 25.8%. Its ten largest holdings are SPAIN (KINGDOM OF) RegS 3.10% 30/07/2031 (2.73%), Spain (Kingdom Of) 0.80% 30/07/2029 (2.66%), Spain (Kingdom Of) 3.50% 31/05/2029 (2.66%), Spain (Kingdom Of) 3.55% 31/10/2033 (2.66%), Spain (Kingdom Of) 1.45% 30/04/2029 (2.64%), Spain (Kingdom Of) 5.75% 30/07/2032 (2.58%), Spain (Kingdom Of) 3.25% 30/04/2034 (2.50%), Spain (Kingdom Of) 3.45% 31/10/2034 (2.49%), Spain (Kingdom Of) 0.70% 30/04/2032 (2.47%) and Spain (Kingdom Of) 3.15% 30/04/2035 (2.44%).
What were SPPB’s returns in each of the last five years?
Calendar-year returns of SPPB in pounds (price only, income paid out not included): 2023 +6.6%, 2024 +2.0%, 2025 +1.1%; 2026 to 13/11/2026 −0.6%. Past performance is not a guide to future returns.
How has SPPB done after inflation?
Over the three years to 13/11/2026 SPPB’s total return was +4.8%, or −5.3% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CU71iShares USD Treasury Bond 3-7yr UCITS ETF0.07% a year · £6.1bn
- IBTAiShares USD Treasury Bond 1-3yr UCITS ETF Acc0.07% a year · £5.8bn
- SEGAiShares Core EUR Govt Bond UCITS ETF0.07% a year · £4.6bn
- SEMLiShares J.P. Morgan EM Local Govt Bond UCITS ETF0.50% a year · £4.1bn
- CBU0iShares USD Treasury Bond 7-10yr UCITS ETF USD (Acc) USD0.07% a year · £3.9bn
- VETAVanguard EUR Eurozone Government Bond UCITS ETF0.07% a year · £3.4bn
- IGLTiShares Core UK Gilts UCITS ETF0.07% a year · £3.4bn
- IBTMiShares USD Treasury Bond 7-10yr UCITS ETF0.07% a year · £3.0bn
Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.