ETF · iShares
TP05 iShares USD TIPS 0-5 UCITS ETF USD
ISIN IE00BDQYWQ65London Stock Exchange: TP05BlackRock, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£3.69
on
- Ongoing charge
- 0.10% a year
- Fund size
- £738m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, TP05 (iShares USD TIPS 0-5 UCITS ETF USD, ISIN IE00BDQYWQ65) closed at £3.69 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was +16.5%, or −9.1% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +0.6%
- −3.0% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +5.4%
- −4.8% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +16.5%
- −9.1% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,165 on 13/11/2026 — about £909 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
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 USD TIPS 0-5 UCITS ETF USD in pounds (price only, income paid out not included): 2022 +8.4%, 2023 −6.3%, 2024 +0.6%, 2025 −8.1%; 2026 to 13/11/2026 +0.9%. Returns of iShares USD TIPS 0-5 UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.9%; to 30/09/2025: −1.2%; to 30/09/2024: −9.4%; to 30/09/2023: −7.1%; to 30/09/2022: +18.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +0.9% | −2.3% | |
| to | −8.1% | −11.2% | |
| to | +0.6% | −2.8% | |
| −6.3% | −10.0% | ||
| +8.4% | −0.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −2.9% | −6.3% |
| from | −1.2% | −5.0% |
| from | −9.4% | −11.7% |
| from | −7.1% | −12.7% |
| from | +18.0% | +8.5% |
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)
8.2%over 5 years
| 1 year | 6.9% |
|---|---|
| 3 years | 7.9% |
| 5 years | 8.2% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −22.4%
- From to
- Lowest 12-month return
- −10.4%
- 12 months to
- Highest 12-month return
- +22.5%
- 12 months to
- Below its highest weekly close since November 2021
- 20.5%
- High of , latest
In words: Volatility of iShares USD TIPS 0-5 UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 6.9% over 1 year, 7.9% over 3 years, 8.2% over 5 years. Largest fall in the price of iShares USD TIPS 0-5 UCITS ETF USD since November 2021, in pounds: −22.4% from 23/09/2022 to 20/08/2026. The lowest 12-month return of iShares USD TIPS 0-5 UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −10.4% (12 months to 14/07/2023); the highest was +22.5% (12 months to 23/09/2022). On 13/11/2026 the price of iShares USD TIPS 0-5 UCITS ETF USD was 20.5% below its highest weekly close since November 2021 (23/09/2022), 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
- 0.10%
- a year
- On £10,000
- £10
- a year, roughly
- Over five years
- £50
- of £10,000, before growth
- 88 charge less
- 39 the same
- 184 charge more
Ongoing charge of iShares USD TIPS 0-5 UCITS ETF USD 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares USD TIPS 0-5 UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2017.
It tracks the ICE BofA US Treasury Inflation Linked Bond (0-5 Y).
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.1% a year — about £10 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.
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 incomeShare classISIN
Key facts
- Ticker
- TP05
- ISIN
- IE00BDQYWQ65
- Also listed as
- TIP5 (London Stock Exchange, US dollars), SXRH (Xetra, euros)
- 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
- 0.10% a year · about £10 on £10,000
- Fund size
- £738m
- 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
- No
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £3.74 on 14/11/2025 to £3.69 on 13/11/2026 (−1.4%). The lowest close shown was £3.60 on 20/08/2026 and the highest £3.77 on 15/05/2026.
One close a week. Before 31/07/2026 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
262 weekly closes, from 12/11/2021 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
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How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 27
- on record
- Ten largest
- 51.3%
- of the whole fund
- Effective number of holdings
- 23
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 5.6%
- Treasury (Cpi) Note 1.13% 15/10/2030
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Treasury (Cpi) Note 1.13% 15/10/2030Treasury | 5.56% |
| 2 | Treasury (Cpi) Note 0.13% 15/04/2027Treasury | 5.51% |
| 3 | Treasury (Cpi) Note 1.25% 15/04/2031Treasury | 5.37% |
| 4 | Treasury (Cpi) Note 1.63% 15/10/2029Treasury | 5.27% |
| 5 | Treasury (Cpi) Note 1.63% 15/04/2030Treasury | 5.23% |
| 6 | Treasury (Cpi) Note 2.38% 15/10/2028Treasury | 5.11% |
| 7 | Treasury (Cpi) Note 2.13% 15/04/2029Treasury | 5.04% |
| 8 | Treasury (Cpi) Note 1.63% 15/10/2027Treasury | 4.83% |
| 9 | Treasury (Cpi) Note 1.25% 15/04/2028Treasury | 4.73% |
| 10 | Treasury (Cpi) Note 0.13% 15/07/2031Treasury | 4.65% |
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 sector
- Treasury99.9%
- Cash and derivatives0.1%
By type of asset
- Bonds99.9%
- 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 27 largest and what changed since .
More of the portfolio
The fund publishes 25 holdings; the ten largest make up 51.3% 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
4 funds track ICE BofA US Treasury Inflation Linked Bond (0-5 Y), this one included and share classes counted once; their ongoing charges range from 0.10% to 0.12% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares USD TIPS 0-5 UCITS ETF Accum USDAccumulating · 0.10% a year | 0.10% | +0.5% | +1.0% | Not reported |
| iShares USD TIPS 0-5 UCITS ETF GBPDistributing · Currency hedged · 0.12% a year | 0.12% | +1.7% | +14.3% | +12.2% |
| iShares USD TIPS 0-5 UCITS ETF Hedged EURDistributing · Currency hedged · 0.12% a year | 0.12% | −5.1% | −0.4% | Not reported |
| iShares USD TIPS 0-5 UCITS ETF USDThis fundDistributing · 0.10% a year | 0.10% | +0.6% | +5.4% | +16.5% |
As of
ICE BofA US Treasury Inflation Linked Bond (0-5 Y) funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- iShares USD TIPS 0-5 UCITS ETF Accum USDAccumulating · 0.10% a year · IE000JXFRNI0
- iShares USD TIPS 0-5 UCITS ETF GBPDistributing · Currency hedged · 0.12% a year · IE00BDZVHB89
- iShares USD TIPS 0-5 UCITS ETF Hedged EURDistributing · Currency hedged · 0.12% a year · IE000WIQIPT2
Read more:Share classesAccumulating or incomeCurrency hedging
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, 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 (156 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 TP05?
The ongoing charge of TP05 is 0.10% a year — about £10 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 TIPS 0-5 UCITS ETF USD 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).
What does TP05 track?
TP05 tracks the ICE BofA US Treasury Inflation Linked Bond (0-5 Y).
Is TP05 accumulating or distributing?
TP05 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 TP05?
The ISIN of TP05 is IE00BDQYWQ65. An ISIN identifies one exact share class of a fund; TP05 is its ticker on the London Stock Exchange. The same share class is also listed as TIP5 (London Stock Exchange, US dollars) and SXRH (Xetra, euros).
What does TP05 hold?
As of 06/11/2026, TP05 holds 25 positions, according to its published holdings. The largest is Treasury (Cpi) Note 1.13% 15/10/2030 at 5.56% of the fund; the ten largest make up 51.3%. Its ten largest holdings are Treasury (Cpi) Note 1.13% 15/10/2030 (5.56%), Treasury (Cpi) Note 0.13% 15/04/2027 (5.51%), Treasury (Cpi) Note 1.25% 15/04/2031 (5.37%), Treasury (Cpi) Note 1.63% 15/10/2029 (5.27%), Treasury (Cpi) Note 1.63% 15/04/2030 (5.23%), Treasury (Cpi) Note 2.38% 15/10/2028 (5.11%), Treasury (Cpi) Note 2.13% 15/04/2029 (5.04%), Treasury (Cpi) Note 1.63% 15/10/2027 (4.83%), Treasury (Cpi) Note 1.25% 15/04/2028 (4.73%) and Treasury (Cpi) Note 0.13% 15/07/2031 (4.65%).
What were TP05’s returns in each of the last five years?
Calendar-year returns of TP05 in pounds (price only, income paid out not included): 2022 +8.4%, 2023 −6.3%, 2024 +0.6%, 2025 −8.1%; 2026 to 13/11/2026 +0.9%. Past performance is not a guide to future returns.
How has TP05 done after inflation?
Over the five years to 13/11/2026 TP05’s total return was +16.5%, or −9.1% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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