# iShares USD TIPS 0-5 UCITS ETF USD (TP05) **Page:** https://fundology.uk/fund/tp05 · ISIN IE00BDQYWQ65 ## 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, 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. ## Summary 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. Latest close: **£3.69** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | TP05 | | ISIN | IE00BDQYWQ65 | | Also listed as | TIP5 (London Stock Exchange, US dollars), SXRH (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | ICE BofA US Treasury Inflation Linked Bond (0-5 Y) | | Income | Distributing | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £738m | | Launched | 2017 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/04/2017 | ## 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 | +0.55% | -3.01% | income reinvested | | 3 years | +5.40% | -4.77% | income reinvested | | 5 years | +16.49% | -9.07% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2022 | +8.4% | -0.8% | Price | | 2023 | -6.3% | -10.0% | Price | | 2024 | +0.6% | -2.8% | Price | | 2025 | -8.1% | -11.2% | Price | | 2026 to 13/11/2026 | +0.9% | -2.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.94% | -6.67% | | 3 years | 7.89% | -14.87% | | 5 years | 8.21% | -22.43% | ## Largest fall 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. ## Charges compared with similar funds 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). ## 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares USD TIPS 0-5 UCITS ETF Accum USD | 0.10% | +0.5% | +1.0% | — | | iShares USD TIPS 0-5 UCITS ETF GBP | 0.12% | +1.7% | +14.3% | +12.2% | | iShares USD TIPS 0-5 UCITS ETF Hedged EUR | 0.12% | -5.1% | -0.4% | — | | iShares USD TIPS 0-5 UCITS ETF USD (this fund) | 0.10% | +0.6% | +5.4% | +16.5% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** 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, 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%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Treasury (Cpi) Note 1.13% 15/10/2030 | — | 5.56% | | 2 | Treasury (Cpi) Note 0.13% 15/04/2027 | — | 5.51% | | 3 | Treasury (Cpi) Note 1.25% 15/04/2031 | — | 5.37% | | 4 | Treasury (Cpi) Note 1.63% 15/10/2029 | — | 5.27% | | 5 | Treasury (Cpi) Note 1.63% 15/04/2030 | — | 5.23% | | 6 | Treasury (Cpi) Note 2.38% 15/10/2028 | — | 5.11% | | 7 | Treasury (Cpi) Note 2.13% 15/04/2029 | — | 5.04% | | 8 | Treasury (Cpi) Note 1.63% 15/10/2027 | — | 4.83% | | 9 | Treasury (Cpi) Note 1.25% 15/04/2028 | — | 4.73% | | 10 | Treasury (Cpi) Note 0.13% 15/07/2031 | — | 4.65% | ## 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 | |---|---| | Treasury | 99.9% | | Cash and derivatives | 0.1% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | All 27 holdings: https://fundology.uk/fund/tp05/holdings ## 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. ## Fund documents - [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/287202/ishares-tips-0-5-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-tips-0-5-ucits-etf-gb-ie00bdqywq65-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/tip5-ishares-tips-0-5-ucits-etf-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- 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.