# iShares US Equity Enhanced Active UCITS ETF AccumHedged GBP (USGH) **Page:** https://fundology.uk/fund/usgh · ISIN IE000IX54FW5 ## 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, USGH (iShares US Equity Enhanced Active UCITS ETF AccumHedged GBP, ISIN IE000IX54FW5) closed at £7.24 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the year to 13/11/2026 its total return was +12.0%, or +8.1% after UK CPIH inflation. ## Summary iShares US Equity Enhanced Active UCITS ETF AccumHedged GBP 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 0.22% 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£7.24** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | USGH | | ISIN | IE000IX54FW5 | | Category | US shares | | Type | ETF | | Provider | iShares | | Income | Accumulating | | Ongoing charge | 0.22% a year (£22 per £10,000) | | Fund size | £488k | | Launched | 2025 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 27/11/2024 | ## 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 | +12.03% | +8.07% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares US Equity Enhanced Active UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +10.8%. Returns of iShares US Equity Enhanced Active UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +17.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +10.8% | +7.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 11.23% | -7.32% | ## Largest fall Volatility of iShares US Equity Enhanced Active UCITS ETF AccumHedged GBP in pounds, annualised from weekly returns to 13/11/2026: 11.2% over 1 year. Largest fall in the price of iShares US Equity Enhanced Active UCITS ETF AccumHedged GBP since April 2025, in pounds: −7.3% from 16/01/2026 to 27/03/2026. On 13/11/2026 the price of iShares US Equity Enhanced Active UCITS ETF AccumHedged GBP was 4.0% below its highest weekly close since April 2025 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares US Equity Enhanced Active UCITS ETF AccumHedged GBP 0.22% a year. Compared on 14/11/2026, 79 of the 254 other US share funds charge more, 3 the same and 172 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.22%** per year (as of 13/11/2026) - 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, USGH holds 289 positions, according to its published holdings. The largest is Apple at 8.00% of the fund; the ten largest make up 37.2%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 8.00% | | 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 7.03% | | 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 6.23% | | 4 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 4.05% | | 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.58% | | 6 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 2.11% | | 7 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 2.08% | | 8 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 2.05% | | 9 | Visa · Class A | [V](https://fundology.uk/stock/V) | 1.53% | | 10 | Chevron | [CVX](https://fundology.uk/stock/CVX) | 1.51% | ## 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 | |---|---| | Information Technology | 36.2% | | Financials | 11.7% | | Health Care | 10.8% | | Consumer Discretionary | 9.6% | | Communication Services | 8.9% | | Industrials | 8.7% | | Consumer Staples | 4.9% | | Energy | 3.7% | | Other sectors | 5.5% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Equity | 98.9% | | Cash and money market | 1.1% | The 286 holdings on record (of 289 reported): https://fundology.uk/fund/usgh/holdings ## Questions people ask **What is the ongoing charge of USGH?** The ongoing charge of USGH 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 US Equity Enhanced Active UCITS ETF AccumHedged GBP 0.22% a year. Compared on 14/11/2026, 79 of the 254 other US share funds charge more, 3 the same and 172 less (share classes counted once). **Is USGH accumulating or distributing?** USGH 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 USGH?** The ISIN of USGH is IE000IX54FW5. An ISIN identifies one exact share class of a fund; USGH is its ticker on the London Stock Exchange. **What does USGH hold?** As of 06/11/2026, USGH holds 289 positions, according to its published holdings. The largest is Apple at 8.00% of the fund; the ten largest make up 37.2%. Its ten largest holdings are Apple (8.00%), NVIDIA (7.03%), Microsoft (6.23%), Amazon (4.05%), Alphabet · Class A (2.58%), Meta Platforms · Class A (2.11%), Alphabet · Class C (2.08%), Broadcom (2.05%), Visa · Class A (1.53%) and Chevron (1.51%). **What were USGH’s returns in each of the last five years?** Calendar-year returns of USGH in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +10.8%. Past performance is not a guide to future returns. **How has USGH done after inflation?** Over the year to 13/11/2026 USGH’s total return was +12.0%, or +8.1% 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/340242/ishares-us-equity-enhanced-active-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-us-equity-enhanced-active-ucits-etf-gbp-hedged-acc-gb-ie000ix54fw5-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/usgh-ishares-us-equity-enhanced-active-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.