Fixed Income

UESD

iShares £ UltraShort Bond ESG SRI UCITS ETF

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Two main risks related to fixed income investing are interest rate risk and credit risk. This ETF aims to reduce the former whilst giving full exposure to the latter. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company
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Performance

Performance

Chart

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Distributions

Record Date Ex-Date Payable Date
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This chart shows the product's performance as the percentage loss or gain per year over the last 4 years.

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) GBP 0.2 1.2 4.9 5.4
Benchmark (%) GBP 0.2 1.2 4.8 5.4
  From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
From
30-Sept-2024
To
30-Sept-2025
Total Return (%) GBP

as of 30/Sept/2025

0.26 0.19 4.33 5.67 4.91
Benchmark (%) GBP

as of 30/Sept/2025

0.30 0.30 4.30 5.62 4.92
  1y 3y 5y 10y Incept.
4.82 5.02 3.18 - 2.91
Benchmark (%) GBP 4.83 4.99 3.19 - 2.94
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
4.42 0.33 1.12 2.33 4.82 15.81 16.96 - 17.80
Benchmark (%) GBP 4.41 0.34 1.12 2.33 4.83 15.73 17.03 - 17.95
Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realise returns that are different to the NAV performance

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Share Class
as of 04/Dec/2025
GBP 262,119,860
Share Class Launch Date
16/Mar/2020
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Article 8
Shares Outstanding
as of 04/Dec/2025
51,229,367
ISIN
IE00BJP26F04
Use of Income
Distributing
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares IV plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
31 May
SIPP Available
Yes
UK Reporting Status
Yes
Net Assets of Fund
as of 04/Dec/2025
GBP 262,119,860
Fund Launch Date
16/Mar/2020
Fund Base Currency
GBP
Benchmark Index
iBoxx MSCI ESG GBP Liquid Investment Grade Ultrashort (GBP)
SDR classification
ESG Overseas
Total Expense Ratio
0.09%
Distribution Frequency
Semi-Annual
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS Compliant
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
UESD LN
ISA Eligibility
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 04/Dec/2025
192
Benchmark Ticker
IBXXGES1
Standard Deviation (3y)
as of 30/Nov/2025
0.26%
Weighted Average YTM
as of 04/Dec/2025
4.11%
Weighted Avg Maturity
as of 04/Dec/2025
0.92
Benchmark Level
as of 04/Dec/2025
GBP 124.37
12 Month Trailing Dividend Distribution Yield
as of 04/Dec/2025
4.99
3y Beta
as of 30/Nov/2025
1.000
Weighted Avg Coupon
as of 04/Dec/2025
3.57
Effective Duration
as of 04/Dec/2025
0.24

Ratings

Registered Locations

Registered Locations

  • Austria

  • Belgium

  • Czech Republic

  • Denmark

  • Estonia

  • Finland

  • France

  • Germany

  • Hungary

  • Ireland

  • Italy

  • Latvia

  • Liechtenstein

  • Lithuania

  • Luxembourg

  • Netherlands

  • Norway

  • Poland

  • Saudi Arabia

  • Slovak Republic

  • Spain

  • Sweden

  • United Kingdom

Holdings

Holdings

as of 04/Dec/2025
Issuer Weight (%)
EUROPEAN INVESTMENT BANK 4.04
SANTANDER UK PLC 3.82
BANK OF NOVA SCOTIA 3.67
CANADIAN IMPERIAL BANK OF COMMERCE 3.62
KFW 3.47
Issuer Weight (%)
ROYAL BANK OF CANADA 3.35
BANK OF MONTREAL 3.16
LLOYDS BANK PLC 2.74
CLYDESDALE BANK PLC 2.52
WESTPAC BANKING CORP 2.29
Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value ISIN Price Location Exchange Duration Maturity Coupon (%) Market Currency Effective Date
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

Exposure Breakdowns

as of 04/Dec/2025

% of Market Value

Type Fund
as of 04/Dec/2025

% of Market Value

Type Fund
as of 04/Dec/2025

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC
London Stock Exchange UESD GBP 18/Mar/2020 BJP26F0 UESD LN UESD.L

Literature

Literature