ETF · iShares
USEB Ishares USD Corp Bond Enhanced Active UCITS ETF
ISIN IE000RJL5A30London Stock Exchange: USEBBlackRock, Inc.
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$5.22
on
- Ongoing charge
- 0.20% a year
- Fund size
- £31.3m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, USEB (Ishares USD Corp Bond Enhanced Active UCITS ETF, ISIN IE000RJL5A30) closed at $5.22 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the year to 13/11/2026 its total return was −1.4%, or −4.9% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −1.4%
- −4.9% 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 USD Corp Bond Enhanced Active UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.1%. Returns of Ishares USD Corp Bond Enhanced Active UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +0.1% | −3.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −1.5% | −5.0% |
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)
5.8%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since April 2025
- −4.9%
- From to
- Below its highest weekly close since April 2025
- 2.9%
- High of , latest
In words: Volatility of Ishares USD Corp Bond Enhanced Active UCITS ETF Accum Shs USD in pounds, annualised from weekly returns to 13/11/2026: 5.8% over 1 year. Largest fall in the price of Ishares USD Corp Bond Enhanced Active UCITS ETF Accum Shs USD since April 2025, in pounds: −4.9% from 26/06/2026 to 21/08/2026. On 13/11/2026 the price of Ishares USD Corp Bond Enhanced Active UCITS ETF Accum Shs USD was 2.9% below its highest weekly close since April 2025 (26/06/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.20%
- a year
- On £10,000
- £20
- a year, roughly
- Over five years
- £100
- of £10,000, before growth
- 167 charge less
- 35 the same
- 225 charge more
Ongoing charge of Ishares USD Corp Bond Enhanced Active UCITS ETF Accum Shs USD 0.20% a year. Compared on 14/11/2026, 225 of the 427 other corporate and other bond funds charge more, 35 the same and 167 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 USD Corp Bond Enhanced Active UCITS ETF Accum Shs USD is an exchange-traded fund (ETF) from iShares, launched in 2025.
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 0.2% a year — about £20 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.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Key facts
- Ticker
- USEB
- ISIN
- IE000RJL5A30
- Provider
- iShares
- Tracks
- No index — the manager chooses the holdings
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.20% a year · about £20 on £10,000
- Fund size
- £31.3m
- 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
- USD
- Category
- Corporate & other bonds
Price chart
Over the last year, the closing price went from $5.27 on 14/11/2025 to $5.22 on 13/11/2026 (−0.9%). The lowest close shown was $5.15 on 02/10/2026 and the highest $5.40 on 27/02/2026.
One close a week. Before 11/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
80 weekly closes, from 25/04/2025 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
- 438
- on record
- Ten largest
- 5.9%
- of the whole fund
- Effective number of holdings
- 299
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.7%
- South Bow USA Infrastructure Holdi 5.58% 01/10/2034
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | South Bow USA Infrastructure Holdi 5.58% 01/10/2034Corporates | 0.69% |
| 2 | Mplx LP 5.50% 01/06/2034Corporates | 0.65% |
| 3 | Humana Inc 5.55% 01/05/2035Corporates | 0.64% |
| 4 | Cf Industries Inc 5.30% 26/11/2035Corporates | 0.59% |
| 5 | Energy Transfer LP 6.55% 01/12/2033Corporates | 0.58% |
| 6 | Capital One Financial Corporation 7.96% 02/11/2034Corporates | 0.57% |
| 7 | Brookfield Asset Management Ltd 5.30% 15/01/2036Corporates | 0.55% |
| 8 | Telefonica Emisiones Sau 7.04% 20/06/2036Corporates | 0.55% |
| 9 | Verizon Communications Inc 5.25% 02/04/2035Corporates | 0.55% |
| 10 | Laboratory Corporation of America 4.80% 01/10/2034Corporates | 0.54% |
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
- Banking19.0%
- Energy10.9%
- Communication Services10.2%
- Electric8.5%
- Consumer Cyclical8.0%
- Health Care7.7%
- Insurance5.5%
- Capital Goods4.4%
- Other sectors25.7%
By country
- United States81.7%
- Canada5.6%
- United Kingdom4.6%
- Italy1.5%
- Japan1.2%
- Cash and derivatives0.5%
- Other4.9%
By type of asset
- Bonds99.4%
- Cash and money market0.6%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 437 holdings; the ten largest make up 5.9% 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
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The 3 largest falls since April 2025, 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 and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of USEB?
The ongoing charge of USEB is 0.20% a year — about £20 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 Corp Bond Enhanced Active UCITS ETF Accum Shs USD 0.20% a year. Compared on 14/11/2026, 225 of the 427 other corporate and other bond funds charge more, 35 the same and 167 less (share classes counted once).
Is USEB accumulating or distributing?
USEB 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 USEB?
The ISIN of USEB is IE000RJL5A30. An ISIN identifies one exact share class of a fund; USEB is its ticker on the London Stock Exchange.
What does USEB hold?
As of 06/11/2026, USEB holds 437 positions, according to its published holdings. The largest is South Bow USA Infrastructure Holdi 5.58% 01/10/2034 at 0.69% of the fund; the ten largest make up 5.9%. Its ten largest holdings are South Bow USA Infrastructure Holdi 5.58% 01/10/2034 (0.69%), Mplx LP 5.50% 01/06/2034 (0.65%), Humana Inc 5.55% 01/05/2035 (0.64%), Cf Industries Inc 5.30% 26/11/2035 (0.59%), Energy Transfer LP 6.55% 01/12/2033 (0.58%), Capital One Financial Corporation 7.96% 02/11/2034 (0.57%), Brookfield Asset Management Ltd 5.30% 15/01/2036 (0.55%), Telefonica Emisiones Sau 7.04% 20/06/2036 (0.55%), Verizon Communications Inc 5.25% 02/04/2035 (0.55%) and Laboratory Corporation of America 4.80% 01/10/2034 (0.54%).
What were USEB’s returns in each of the last five years?
Calendar-year returns of USEB in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.1%. Past performance is not a guide to future returns.
How has USEB done after inflation?
Over the year to 13/11/2026 USEB’s total return was −1.4%, or −4.9% 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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