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iShares $ Corp Bond Enhanced Active UCITS ETF

iShares · IE000NL12KM9

iShares $ Corp Bond Enhanced Active UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker USHB (ISIN IE000NL12KM9). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, spread across its target market. Its largest holdings include ORACLE CORPORATION, BLK ICS USD LEAF AGENCY DIST and KEYCORP MTN. Spread across roughly 377 holdings (the ten largest ≈ 7.9%), no one position makes or breaks the fund. By geography it is weighted towards ~83.1% United States, ~6.4% Canada and ~3.4% United Kingdom. Its heaviest sectors are ~98.8% Corporate and ~1.1% Other. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.22% a year — about €22 a year on a €10,000 holding, taken automatically from the fund. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash. It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR. On the standard KID risk scale it is rated 4 out of 7 and its price has swung about 4% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2026, and its KID suggests a holding period of medium to long term. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from iShares.)

Bond ?Accumulating ?Physical ?Ireland ?
Low yearly feeReinvests dividendsOwns the shares directlyOtherBroadly spread
Fund size (AUM) ?
€40.1M
Risk level (SRI) ?
4 / 7 · Medium
Yearly fee (TER) ?
0.22%
All-in cost ≈ 0.22%

About this fund

What you own

By holding it, this fund gives you a stake in around 377 companies across Other in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

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Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

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Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.22%Yearly fee (TER)
0.22%All-in cost

The yearly running cost of the fund, shown as a % of your money. €0.20 per €100 a year at 0.20%. Lower is cheaper.

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It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
Mar 2026
Recommended holding period
medium to long term

Bond details

Inflation-linked ?
No — nominal (fixed) payouts

Performance

99.7100101101102202620262026

Growth of €100 invested — the line starts at €100.

iShares $ Corp Bond Enhanced Active UCITS ETF

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

How bumpy has it been?

4.0%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-1.3%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.

The bigger picture

+0.3%
Since inception
Total growth since the fund launched.
-1.3%
Worst fall on record ?
It clawed back in about 1 month.

What's inside

By sector ?

Corporate98.8%
Other1.1%

The 10 biggest holdings make up 6.5% of the fund — the rest is spread across roughly 232 more companies.

Top 10 holdings

#CompanyWeight
2BLK ICS USD LEAF AGENCY DIST0.9%
4BANK OF MONTREAL0.8%
6HSBC HOLDINGS PLC FXD-TO-FLT MTN0.6%
7ING GROEP NV0.6%
8REGIONS BANK (FIX-FRN)0.6%
9AERCAP IRELAND CAPITAL DAC0.6%
10ANTOFAGASTA PLC 144A0.6%
11WELLS FARGO & COMPANY0.6%
12ENBRIDGE INC NC50.6%
17TELEFONICA EMISIONES SAU0.5%

Where to buy this fund

Set from your language & location — change it if it's wrong.

Where it trades

ExchangeTickerCurrency
Euronext AmsterdamUSHBEUR★ Primary
EUR listings
B3USHBAEUR
E1USHBEUREUR
EOUSHBEUREUR
EPUSHBEUREUR
EUUSHBEUREUR
EZUSHBEUREUR
L1USHBAEUR
L3USHBAEUR
London Stock ExchangeUSHBEUR
POUSHBAEUR
S1USHBAEUR
S4USHBAEUR
X1USHBEUREUR
X2USHBEUREUR
XAUSHBEUREUR
XFUSHBEUREUR
XGUSHBEUREUR
XHUSHBEUREUR
XJUSHBEUREUR
XLUSHBEUREUR
XOUSHBEUREUR
XQUSHBEUREUR
XTUSHBEUREUR
XUUSHBEUREUR
XVUSHBEUREUR
XWUSHBEUREUR
XXUSHBEUREUR
XYUSHBEUREUR
XZUSHBEUREUR
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-20 · the fund's own published holdings.

#CompanyWeight
2BLK ICS USD LEAF AGENCY DIST0.9%
4BANK OF MONTREAL0.8%
6HSBC HOLDINGS PLC FXD-TO-FLT MTN0.6%
7ING GROEP NV0.6%
8REGIONS BANK (FIX-FRN)0.6%
9AERCAP IRELAND CAPITAL DAC0.6%
10ANTOFAGASTA PLC 144A0.6%
11WELLS FARGO & COMPANY0.6%
12ENBRIDGE INC NC50.6%
17TELEFONICA EMISIONES SAU0.5%
19KROGER CO0.5%
21SPRINT CAPITAL CORPORATION0.5%
27GENERAL MOTORS FINANCIAL COMPANY I0.5%
28GOLUB CAPITAL BDC INC.0.5%
32TELUS CORPORATION0.5%
34MORGAN STANLEY (FXD-FRN) MTN0.5%
35DEUTSCHE TELEKOM INTERNATIONAL FIN0.5%
37PAYCHEX INC0.5%
40EVERSOURCE ENERGY (NC5.25)0.5%
41ENTERGY CORPORATION0.5%
42TRIMBLE INC0.5%
44LABORATORY CORPORATION OF AMERICA0.5%
46ENACT HOLDINGS INC0.5%
48PHILLIPS 66 CO (NC5.25)0.5%
50CF INDUSTRIES INC0.5%
51MERCADOLIBRE INC0.5%
52GENERAL MILLS INC0.5%
53SABRA HEALTH CARE LP0.5%
55DELTA AIR LINES INC0.5%
56ENERGY TRANSFER LP0.5%
58DELL INTERNATIONAL LLC0.5%
60CROWN CASTLE INC0.5%
61SOLVENTUM CORP0.5%
62BRITISH TELECOMMUNICATIONS PLC0.5%
64METLIFE INC0.5%
66VISA INC0.5%
68OCCIDENTAL PETROLEUM CORPORATION0.5%
70COCA-COLA CO0.5%
71ROCHE HOLDINGS INC 144A0.5%
73PNC FINANCIAL SERVICES GROUP INC ( MTN0.5%
75NEXTERA ENERGY CAPITAL (NC5.25)0.5%
78MOTOROLA SOLUTIONS INC0.5%
79ROYAL BANK OF CANADA0.5%
81TYSON FOODS INC0.5%
82EXPAND ENERGY CORP0.5%
83BROOKFIELD ASSET MANAGEMENT LTD0.5%
85CONSTELLATION BRANDS INC0.5%
86SABINE PASS LIQUEFACTION LLC0.5%
87US BANCORP (FX-FRN)0.4%
89TRACTOR SUPPLY COMPANY0.4%
90KRAFT HEINZ FOODS CO0.4%
92INTERNATIONAL FLAVORS & FRAGRANCES 144A0.4%
94ANTERO RESOURCES CORP0.4%
97TRANSCANADA TRUST0.4%
99EQUINIX EUROPE 2 FINANCING CORPORA0.4%
100FERGUSON ENTERPRISES INC0.4%
103SOUTH BOW USA INFRASTRUCTURE HOLDI0.4%
105BIO-RAD LABORATORIES INC0.4%
114NEWS CORP 144A0.4%
119XPO INC 144A0.4%
120MORGAN STANLEY0.4%
121MEDLINE BORROWER LP 144A0.4%
123COSTAR GROUP INC 144A0.4%
124ENEL FINANCE INTERNATIONAL SA 144A0.4%
127LPL HOLDINGS INC 144A0.4%
130JOHNSON & JOHNSON0.3%
131HSBC HOLDINGS PLC0.3%
132AMERICAN TOWER CORPORATION0.3%
133FIRST CITIZENS BANCSHARES INC0.3%
139ELI LILLY AND COMPANY0.3%
140SOUTHERN CALIFORNIA EDISON COMPANY0.3%
142WALMART INC0.3%
144HF SINCLAIR CORP0.3%
145SOMPO HOLDINGS INC 144A0.3%
146BANK OF NOVA SCOTIA0.3%
147APPLE INC0.3%
149DEVON ENERGY CORPORATION 144A0.3%
156TORONTO-DOMINION BANK/THE0.3%
157MAPLE PARENT HOLDINGS CORP 144A0.3%
159WINDFALL MINING GROUP INC 144A0.3%
160BGC GROUP INC0.3%
161CONSOLIDATED EDISON COMPANY OF NEW0.3%
163CASH COLLATERAL USD CITFT0.3%
166STEEL DYNAMICS INC0.3%
168HEICO CORP0.2%
170CGI INC0.2%
177FIRST CITIZENS BANCSHARES INC (DEL0.2%
178HOST HOTELS & RESORTS LP0.2%
179VERTIV GROUP CORP 144A0.2%
181DT MIDSTREAM INC 144A0.2%
182COLUMBIA PIPELINES HOLDING COMPANY 144A0.2%
183OMEGA HEALTHCARE INVESTORS INC0.2%
184NVIDIA CORPORATION0.2%
185PROTECTIVE LIFE CORPORATION 144A0.2%
187OMNICOM GROUP INC0.2%
189TD SYNNEX CORP0.2%
190PROSUS NV MTN 144A0.2%
191HA SUSTAINABLE INFRASTRUCTURE CAPI0.2%
197AKER BP ASA 144A0.2%
199CRH AMERICA FINANCE INC0.2%
200RADIAN GROUP INC0.2%
202CNA FINANCIAL CORP0.2%
203JACOBS SOLUTIONS INC0.2%
204VICI PROPERTIES LP0.2%
205TPG OPERATING GROUP II LP0.2%
206HANOVER INSURANCE GROUP INC0.2%
207MERCURY GENERAL CORPORATION0.2%
208KEURIG DR PEPPER INC0.2%
211F.N.B CORP0.2%
213FAIRFAX FINANCIAL HOLDINGS LTD0.2%
216AIRBNB INC0.2%
217PINNACLE FINANCIAL PARTNERS INC0.2%
219JPMORGAN CHASE & CO0.2%
220CITIZENS FINANCIAL GROUP INC0.2%
221BROADRIDGE FINANCIAL SOLUTIONS INC0.2%
222TOLL BROTHERS FINANCE CORP.0.2%
225VALLEY NATIONAL BANCORP0.2%
226COLUMBIA PIPELINES OPERATING COMPA 144A0.2%
227KEYSIGHT TECHNOLOGIES INC0.2%
229DARDEN RESTAURANTS INC0.2%
230SALESFORCE INC0.2%
231AT&T INC0.2%
233WELLS FARGO & COMPANY MTN0.2%
234CARLISLE COMPANIES INCORPORATED0.2%
235WESTINGHOUSE AIR BRAKE TECHNOLOGIE0.2%
237PECO ENERGY CO0.2%
238NATIONAL FUEL GAS COMPANY0.2%
239SPACE EXPLORATION TECHNOLOGIES COR 144A0.2%
241NEW YORK STATE ELECTRIC & GAS CORP 144A0.2%
243FEDEX CORP0.2%
244TRANSCANADA PIPELINES LTD0.2%
245ONCOR ELECTRIC DELIVERY COMPANY LL0.2%
246AMERICAN HOMES 4 RENT LP0.2%
247TAKEDA PHARMACEUTICAL CO LTD0.2%
248VERISIGN INC0.2%
250TARGA RESOURCES PARTNERS LP0.2%
253SYSCO CORPORATION0.2%
254SANTOS FINANCE LTD. 144A0.2%
255CITIGROUP INC0.2%
256SMITH & NEPHEW PLC0.2%
257GRAND RIVER FUNDING TRUST I 144A0.2%
258SERVICENOW INC0.2%
259GUARDIAN LIFE GLOBAL FUNDING MTN 144A0.2%
260WESTERN MIDSTREAM OPERATING LP0.2%
263PNC FINANCIAL SERVICES GROUP INC (0.2%
264ESSENTIAL UTILITIES INC0.2%
265NEXTERA ENERGY CAPITAL HOLDINGS IN0.2%
267GLP CAPITAL LP0.1%
268BLACKSTONE SECURED LENDING FUND0.1%
271BANK OF AMERICA CORP MTN0.1%
272PUBLIC SERVICE ELECTRIC AND GAS CO MTN0.1%
273M&T BANK CORPORATION MTN0.1%
274MICROSOFT CORPORATION0.1%
275TRANSCANADA PIPELINES 30.5NC5.250.1%
277BANK OF AMERICA CORP (FXD-FRN) MTN0.1%
278DOLLAR GENERAL CORP0.1%
279AMAZON.COM INC0.1%
280NETAPP INC0.1%
281KEYCORP MTN0.1%
282NIAGARA MOHAWK POWER CORPORATION 144A0.1%
283SNAM SPA 144A0.1%
284WSP GLOBAL INC 144A0.1%
285APPLOVIN CORP0.1%
287SANTANDER HOLDINGS USA INC0.1%
288CBRE SERVICES INC0.1%
289ENBRIDGE INC0.1%
292AUTOZONE INC0.1%
293CHARLES SCHWAB CORPORATION (THE)0.1%
296CHENIERE CORPUS CHRISTI HOLDINGS L0.1%
298SUN COMMUNITIES OPERATING LP0.1%
299ALLEGION US HOLDING CO INC0.1%
300ITC HOLDINGS CORP 144A0.1%
302BROWN & BROWN INC0.1%
303VERIZON COMMUNICATIONS INC0.1%
306PLAINS ALL AMERICAN PIPELINE LP0.1%
307KEYSPAN GAS EAST CORPORATION 144A0.1%
309FIRST AMERICAN FINANCIAL CORP0.1%
310ROYALTY PHARMA PLC0.1%
311SYNCHRONY FINANCIAL0.1%
312AVERY DENNISON CORPORATION0.1%
313VULCAN MATERIALS COMPANY0.1%
314LPL HOLDINGS INC0.1%
315FIFTH THIRD BANCORP0.1%
316MASTEC INC.0.1%
317GOLDMAN SACHS GROUP INC/THE0.1%
318MPLX LP0.1%
319JACKSON FINANCIAL INC0.1%
320PERMIAN RESOURCES OPERATING LLC 144A0.1%
321INTACT FINANCIAL CORP 144A0.1%
322INGERSOLL RAND INC0.1%
323QUANTA SERVICES INC.0.1%
324NISOURCE INC0.1%
325BIOGEN INC0.1%
326CAPITAL ONE FINANCIAL CORPORATION0.1%
327JACOBS ENGINEERING GROUP INC.0.1%
328ENTERGY LOUISIANA LLC0.1%
329NEVADA POWER COMPANY0.1%
330CARDINAL HEALTH INC0.1%
331NIPPON LIFE INSURANCE CO 144A0.1%
332DICKS SPORTING GOODS INC0.1%
333SANTANDER UK GROUP HOLDINGS PLC0.1%
334ONCOR ELECTRIC DELIVERY COMPANY LL 144A0.1%
335CHENIERE ENERGY PARTNERS LP0.1%
336SAN DIEGO GAS & ELECTRIC CO0.1%
337SYSTEM ENERGY RESOURCES INC0.1%
338ROPER TECHNOLOGIES INC0.1%
339TAPESTRY INC0.1%
340VICI PROPERTIES LP 144A0.1%
342MARRIOTT INTERNATIONAL INC0.1%
343COMMONWEALTH EDISON COMPANY0.1%
344MSCI INC 144A0.1%
346MSCI INC0.1%
347FLORIDA POWER & LIGHT CO0.1%
348INVITATION HOMES OPERATING PARTNER0.1%
349ARES CAPITAL CORPORATION0.0%
350T-MOBILE USA INC0.0%
351BROOKLYN UNION GAS CO 144A0.0%
352PACIFIC GAS AND ELECTRIC COMPANY0.0%
353NXP BV0.0%
354CVS HEALTH CORP0.0%
355SEMPRA0.0%
356ORACLE CORPORATION0.0%
357TARGA RESOURCES CORP0.0%
358MORGAN STANLEY MTN0.0%
359HCA INC0.0%
360PPL ELECTRIC UTILITIES CORPORATION0.0%
361BOARDWALK PIPELINES LP0.0%
362CENTERPOINT ENERGY HOUSTON ELECTRI0.0%
363BANK OF AMERICA CORP0.0%
364USD CASH0.0%
365EDISON INTERNATIONAL0.0%
366ALPHABET INC0.0%
367LAS VEGAS SANDS CORP0.0%
368VIPER ENERGY PARTNERS LLC0.0%
369EUR CASH0.0%
370US ULTRA 10YR NOTE SEP 260.0%
371US 10YR NOTE SEP 260.0%
373WOODSIDE FINANCE LTD0.0%
374US 5YR NOTE SEP 260.0%
375US ULTRA T-BOND SEP 260.0%
376US 2YR NOTE SEP 260.0%
377US LONG BOND SEP 260.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 18% of similar ETFs💰 All-in cost cheaper than 24%

Versus the Bonds · Other · EUR ETFs we track.

Advanced risk

2.7%
Downside deviation ?
50%
Up months (hit rate) ?
€4.98
52-week high ?
€4.88
52-week low ?

Concentration depth

~250 ?
Effective number of holdings

Roughly 377 companies are held, but the largest names carry most of the weight — so it behaves like ~250 equal-sized positions.

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Other bonds
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Why it's similarThis is the fund on this page.
BondsPhysical
BondsPhysicalCheaper fee
BondsAccumulatingPhysicalCheaper fee
BondsAccumulatingPhysicalCheaper fee
BondsAccumulatingPhysicalCheaper fee
BondsAccumulatingPhysicalCheaper fee
Index trackedS&P High Yield Dividend Aristocrats Index
Yearly fee (TER)0.22%0.35%0.11%0.10%0.09%0.10%0.10%
All-in cost0.22%0.00%0.11%0.10%0.00%0.10%0.00%
Fund size€40.1M€19B€16.4B€14.8B€14.2B€12.8B€12.5B
DomicileIrelandUnited StatesIrelandIrelandIrelandIrelandIreland
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+7.0%+5.6%+4.8%+2.5%
5-yr return p.a.+4.8%+0.9%+0.2%+0.0%
# holdings3771584,156974,1569397

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Data as of 2026-07-20 · Source: issuer data, compiled by Finance Hamster

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