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iShares £ Ultrashort Bond UCITS ETF

iShares · IE00BCRY6441

iShares £ Ultrashort Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker ERNS (ISIN IE00BCRY6441). 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…

· Tracks the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index index ?

Bond ?Distributing ?Physical ?Ireland ?

Low yearly feePays cash dividendsOwns the shares directlyOtherBroadly spread

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iShares funds Domiciled in Ireland Distributing Physically replicated Other bonds Yearly fee under 0.25%

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Fund size (AUM) ?

€2.4B

Risk level (SRI) ?

1 / 7 · Low

1-year return ?

+1.1%

Total return · to 2026-07-20

Dividend yield

1.35%

Trailing 12 months

Yearly fee (TER) ?

0.09%

All-in cost ≈ 0.09%

About this fund

What you own

The Markit iBoxx GBP Liquid Investment Grade Ultrashort Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 186 companies across Other in a single purchase.

Dividends

The fund pays dividends out to you as cash, usually a few times a year.

You get the dividends as cash you can spend or move elsewhere, which some people like for a sense of income. If you would rather it compounded, you buy more units yourself — it will not reinvest on its own the way an accumulating version does. The same fund is often sold in both versions; what it holds underneath is identical.

How it works

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

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

0.09%Yearly fee (TER)

0.09%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. 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

Index tracked ?

Markit iBoxx GBP Liquid Investment Grade Ultrashort Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Oct 2013

13-year track record

Recommended holding period

medium to long term

Bond details

Credit quality ?

Investment Grade

Duration ?

Ultra-short

Inflation-linked ?

No — nominal (fixed) payouts

Performance

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

iShares £ Ultrashort Bond UCITS ETF

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

YTD+1.3%

1 year+1.1%

3 years+0.5%

5 years+0.4%

Return, year by year

+0.4

+0.1

+0.0

+0.1

'22'23'24'25

4 of 4 up yearsBest: 2022 +0.4%Worst: 2024 +0.0%Calendar-year total returns, in GBP

How bumpy has it been?

2.5%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-2.7%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

0.14

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

+1.8%

Since inception

Total growth since launch — about +0.3% a year.

+1.9%

Best 12 months

The strongest one-year stretch on record.

-2.5%

Worst 12 months

The weakest one-year stretch on record.

-2.7%

Worst fall on record ?

It has not fully recovered yet.

Dividend history

This fund pays its dividends out to you (Annual). Recent payments per share:

Ex-date	Amount / share
2026-06-18	£1.36

What's inside

By sector ?

Securitized45.0%

Government22.1%

Financials10.6%

Consumer Discretionary5.5%

Corporate3.4%

Consumer Staples2.5%

Other2.5%

Industrials2.4%

The 10 biggest holdings make up 12.9% of the fund — the rest is spread across roughly 122 more companies.

Top 10 holdings

#	Company	Weight
1	BLK ICS STER LEAF AGENCY DIST	3.0%
5	ONTARIO (PROVINCE OF) RegS	1.6%
10	CANADIAN IMPERIAL BANK OF COMMERCE RegS	1.2%
11	BANK OF NOVA SCOTIA RegS	1.2%
14	BARCLAYS PLC MTN RegS	1.2%
18	BANK OF MONTREAL MTN RegS	1.1%
22	DBS BANK LTD MTN RegS	1.0%
24	EUROPEAN INVESTMENT BANK MTN RegS	0.9%
25	MORGAN STANLEY MTN	0.9%
26	AUSTRALIA AND NEW ZEALAND BANKING RegS	0.9%

Where to buy this fund

Where you live:

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

Where it trades

Exchange	Ticker	Currency
LSE	ERNS	GBP	★ Primary
EUR listings
Euronext Amsterdam	ERNS	EUR
Frankfurt	36BL	EUR
GBP listings
B2	ERNS	GBP
B3	ERNSL	GBP
B4	ERNSGBP	GBP
E1	ERNSEUR	GBP
E1	ERNSGBP	GBP
E1	ERNSUSD	GBP
EB	ERNSL	GBP
EP	ERNSGBP	GBP
EU	ERNSGBP	GBP
EU	ERNSUSD	GBP
EU	ERNSEUR	GBP
EZ	ERNSGBP	GBP
GM	36BL	GBP
IX	ERNSL	GBP
L3	ERNSL	GBP
London Stock Exchange	ERNS	GBP
PO	ERNSL	GBP
PQ	IUSHF	GBP
PZ	ERNS	GBP
QX	ERNSL	GBP
T2	ERNS	GBP
US	IUSHF	GBP
UV	IUSHF	GBP
WT	ERNS	GBP
X2	ERNSEUR	GBP
X2	ERNSGBP	GBP
X2	ERNSUSD	GBP
X9	ERNSGBP	GBP
XA	ERNSUSD	GBP
XA	ERNSGBP	GBP
XA	ERNSEUR	GBP
XB	ERNSEUR	GBP
XB	ERNSUSD	GBP
XE	ERNSUSD	GBP
XE	ERNSGBP	GBP
XE	ERNSEUR	GBP
XF	ERNSEUR	GBP
XF	ERNSGBP	GBP
XF	ERNSUSD	GBP
XG	ERNSEUR	GBP
XG	ERNSGBP	GBP
XG	ERNSUSD	GBP
XH	ERNSUSD	GBP
XH	ERNSGBP	GBP
XH	ERNSEUR	GBP
XJ	ERNSEUR	GBP
XJ	ERNSGBP	GBP
XJ	ERNSUSD	GBP
XL	ERNSEUR	GBP
XL	ERNSGBP	GBP
XL	ERNSUSD	GBP
XO	ERNSUSD	GBP
XO	ERNSGBP	GBP
XO	ERNSEUR	GBP
XQ	ERNSUSD	GBP
XS	ERNSEUR	GBP
XS	ERNSGBP	GBP
XS	ERNSUSD	GBP
XU	ERNSEUR	GBP
XU	ERNSGBP	GBP
XU	ERNSUSD	GBP
XV	ERNSUSD	GBP
XV	ERNSGBP	GBP
XV	ERNSEUR	GBP
XW	ERNSEUR	GBP
XW	ERNSUSD	GBP
XX	ERNSEUR	GBP
XX	ERNSGBP	GBP
XX	ERNSUSD	GBP
XZ	ERNSUSD	GBP

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

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

#	Company	Weight
1	BLK ICS STER LEAF AGENCY DIST	3.0%
5	ONTARIO (PROVINCE OF) RegS	1.6%
10	CANADIAN IMPERIAL BANK OF COMMERCE RegS	1.2%
11	BANK OF NOVA SCOTIA RegS	1.2%
14	BARCLAYS PLC MTN RegS	1.2%
18	BANK OF MONTREAL MTN RegS	1.1%
22	DBS BANK LTD MTN RegS	1.0%
24	EUROPEAN INVESTMENT BANK MTN RegS	0.9%
25	MORGAN STANLEY MTN	0.9%
26	AUSTRALIA AND NEW ZEALAND BANKING RegS	0.9%
27	TORONTO-DOMINION BANK/THE MTN RegS	0.9%
29	SANTANDER UK PLC RegS	0.9%
34	COVENTRY BUILDING SOCIETY RegS	0.8%
36	LVMH MOET HENNESSY LOUIS VUITTON S MTN RegS	0.8%
37	LANDWIRTSCHAFTLICHE RENTENBANK MTN RegS	0.8%
39	LLOYDS BANK PLC RegS	0.8%
40	NATIONWIDE BUILDING SOCIETY RegS	0.7%
44	AT&T INC	0.7%
46	WESTPAC BANKING CORP RegS	0.7%
47	DEXIA CREDIT LOCAL SA MTN RegS	0.7%
48	INTERNATIONAL BANK FOR RECONSTRUCT	0.7%
50	INTER-AMERICAN DEVELOPMENT BANK	0.7%
52	NATIONAL WESTMINSTER BANK PLC RegS	0.6%
53	QUEBEC (PROVINCE OF) MTN RegS	0.6%
57	ROYAL BANK OF CANADA RegS	0.6%
59	TOYOTA MOTOR CREDIT CORP MTN RegS	0.6%
60	AT&T INC RegS	0.6%
61	CITIGROUP INC	0.6%
62	COMMONWEALTH BANK OF AUSTRALIA MTN RegS	0.6%
65	BNG BANK NV MTN RegS	0.5%
67	CO-OPERATIVE BANK PLC RegS	0.5%
69	NEW YORK LIFE GLOBAL FUNDING MTN RegS	0.5%
70	KOREA HOUSING FINANCE CORP RegS	0.5%
71	UNITED OVERSEAS BANK LTD RegS	0.5%
72	TORONTO-DOMINION BANK/THE RegS	0.5%
73	BANCO SANTANDER SA MTN RegS	0.5%
76	JPMORGAN CHASE & CO MTN RegS	0.5%
77	NEDERLANDSE WATERSCHAPSBANK NV RegS	0.5%
78	SOC NATL CHEMINS FER FRA MTN RegS	0.5%
79	AMERICAN HONDA FINANCE CORPORATION	0.5%
81	KFW MTN RegS	0.5%
83	AMERICA MOVIL SAB DE CV	0.5%
84	DBS BANK LTD (LONDON BRANCH) RegS	0.5%
85	AMGEN INC. RegS	0.5%
86	STANDARD CHARTERED BANK (SINGAPORE RegS	0.5%
87	PARAGON BANK PLC RegS	0.4%
88	PRS FINANCE PLC RegS	0.4%
89	COUNCIL OF EUROPE DEVELOPMENT BANK MTN RegS	0.4%
91	TSB BANK PLC RegS	0.4%
94	DIAGEO FINANCE PLC MTN RegS	0.4%
95	BANK OF NOVA SCOTIA MTN RegS	0.4%
97	METLIFE GLOBAL FUNDING INC MTN RegS	0.4%
99	CLYDESDALE BANK PLC RegS	0.4%
100	COVENTRY BUILDING SOCIETY MTN RegS	0.4%
101	BARCLAYS BANK UK PLC RegS	0.4%
102	ASIAN INFRASTRUCTURE INVESTMENT BA MTN RegS	0.4%
103	FEDERATION DES CAISSES DESJARDINS RegS	0.4%
104	CATERPILLAR FINANCIAL SERVICES COR MTN RegS	0.4%
106	SKIPTON BUILDING SOCIETY RegS	0.4%
107	UNILEVER PLC RegS	0.4%
108	LANDESKREDITBANK BADEN WUERTTEMBER MTN RegS	0.4%
109	TOTAL CAPITAL INTERNATIONAL SA MTN RegS	0.4%
110	BPCE SA MTN RegS	0.4%
111	KERING SA MTN RegS	0.4%
112	VINCI SA MTN RegS	0.4%
114	ABERTIS INFRAESTRUCTURAS SA MTN RegS	0.4%
115	CA AUTO BANK SPA (DUBLIN BRANCH) MTN RegS	0.4%
116	KOMMUNALBANKEN AS MTN RegS	0.4%
117	BOUYGUES RegS	0.4%
119	ORSTED A/S RegS	0.4%
120	COMMONWEALTH BANK OF AUSTRALIA RegS	0.4%
121	LEEDS BUILDING SOCIETY RegS	0.3%
122	TOYOTA FINANCE AUSTRALIA LTD MTN RegS	0.3%
123	GENERAL MOTORS FINANCIAL CO INC MTN RegS	0.3%
124	VOLKSWAGEN FINANCIAL SERVICES N.V. MTN RegS	0.3%
125	SOCIETE NATIONALE SNCF SA MTN RegS	0.3%
126	ABP FINANCE PLC MTN RegS	0.3%
128	DEUTSCHE BAHN FINANCE GMBH MTN RegS	0.3%
129	VOLKSWAGEN INTERNATIONAL FINANCE N RegS	0.3%
131	BANK OF MONTREAL RegS	0.3%
132	CPPIB CAPITAL INC MTN RegS	0.3%
133	MASSMUTUAL GLOBAL FUNDING II RegS	0.3%
134	NESTLE HOLDINGS INC. RegS	0.3%
135	SP DISTRIBUTION PLC RegS	0.3%
137	OP CORPORATE BANK PLC MTN RegS	0.3%
138	SKY LTD MTN RegS	0.3%
139	HUTCHISON WHAMPOA FINANCE UK PLC RegS	0.3%
140	LONDON POWER NETWORKS PLC MTN	0.3%
141	YORKSHIRE WATER FINANCE PLC MTN RegS	0.3%
142	CIE FINANCEMENT FONCIER MTN RegS	0.3%
144	VOLKSWAGEN FINANCIAL SERVICES N.V. RegS	0.3%
145	MERCEDES-BENZ INTERNATIONAL FINANC MTN RegS	0.3%
146	WHITBREAD GROUP PLC RegS	0.3%
147	INTERCONTINENTAL HOTELS GROUP PLC MTN RegS	0.3%
148	HENKEL AG & CO KGAA RegS	0.3%
149	KOREA HOUSING FINANCE CORP MTN RegS	0.3%
150	NORDIC INVESTMENT BANK MTN RegS	0.3%
151	WESTERN POWER DISTRIBUTION PLC RegS	0.3%
152	SCENTRE GROUP TRST 1 MTN RegS	0.3%
153	NETHERLANDS DEVELOPMENT FINANCE CO MTN RegS	0.3%
154	HSBC UK BANK PLC RegS	0.3%
155	MOTABILITY OPERATIONS GROUP PLC MTN RegS	0.3%
156	NORTHUMBRIAN WATER FINANCE PLC RegS	0.3%
157	NORTHERN GAS NETWORKS RegS	0.3%
158	BABCOCK INTERNATIONAL GROUP PLC MTN RegS	0.3%
159	BARCLAYS BANK PLC MTN	0.3%
160	CLOSE BROTHERS FINANCE PLC MTN RegS	0.3%
161	WESTERN POWER DISTRIBUTION (SOUTH RegS	0.3%
162	SCOTLAND GAS NETWORKS PLC MTN RegS	0.3%
163	ATHENE GLOBAL FUNDING MTN RegS	0.3%
164	DEUTSCHE BAHN AG MTN RegS	0.3%
165	NATIONAL GRID ELECTRICITY TRANSMIS MTN RegS	0.3%
166	BANQUE FEDERATIVE DU CREDIT MUTUEL MTN RegS	0.3%
167	BANK OF AMERICA CORP MTN RegS	0.3%
168	REALTY INCOME CORPORATION	0.3%
169	ROYAL BANK OF CANADA MTN RegS	0.3%
170	LANDESKREDITBANK BADEN WUERTTEMBER RegS	0.2%
171	NRW BANK MTN RegS	0.2%
172	BAT INTERNATIONAL FINANCE PLC MTN RegS	0.2%
173	ABN AMRO BANK NV MTN RegS	0.2%
174	INTERNATIONAL FINANCE CORP MTN	0.2%
175	DEUTSCHE PFANDBRIEFBANK AG RegS	0.2%
176	NATIONAL AUSTRALIA BANK LTD MTN RegS	0.2%
178	FIRST ABU DHABI BANK PJSC MTN RegS	0.2%
179	JAPAN BANK FOR INTERNATIONAL COOPE	0.2%
180	ASIAN DEVELOPMENT BANK MTN	0.1%
181	YORKSHIRE BUILDING SOCIETY RegS	0.1%
182	METROPOLITAN LIFE GLOBAL FUNDING I RegS	0.0%
183	GBP CASH	0.0%
184	EUR CASH	0.0%
185	ETD GBP BALANCE WITH 06738C	0.0%
186	USD CASH	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 97% of similar ETFs💰 All-in cost cheaper than 96%📈 Higher 1-yr return than 43%📈 Higher 3-yr return than 25%📈 Higher 5-yr return than 58%📊 Behind its category by 0.2% (1-yr) (category average +1.3%)📊 Behind its category by 1.8% (3-yr) (category average +2.2%)📊 Beat its category by 2.4% (5-yr) (category average -2.1%)

Versus the Bonds · Other · GBP ETFs we track.

Advanced risk

0.15

Sortino (3y) ?

0.17

Calmar (3y) ?

2.4%

Downside deviation ?

83%

Up months (hit rate) ?

£102.80

52-week high ?

£100.39

52-week low ?

Concentration depth

~126 ?

Effective number of holdings

Roughly 186 companies are held, but the largest names carry most of the weight — so it behaves like ~126 equal-sized positions.

Documents

📄 KID (PDF)

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

Compare side by side

6 similar funds

	iShares £ Ultrashort Bond UCITS ETFiSharesYou're viewing	State Street® SPDR® S&P® Dividend ETFSPDRBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	iShares Core € Corp Bond UCITS ETFiSharesBroader match	iShares Core € Corp Bond UCITS ETFiSharesBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match
Why it's similar	This is the fund on this page.	BondsPhysical Tracks a different index in the same category.	BondsPhysical Tracks a different index in the same category.	BondsPhysical Tracks a different index in the same category.	BondsDistributingPhysical Tracks a different index in the same category.	BondsDistributingPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	Markit iBoxx GBP Liquid Investment Grade Ultrashort Index	S&P High Yield Dividend Aristocrats Index
Yearly fee (TER)	0.09%	0.35%	0.10%	0.11%	0.11%	0.07%	0.07%
All-in cost	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Fund size	€2.4B	€18.9B	€12.5B	€12.4B	€12.4B	€10.9B	€10.9B
Domicile	Ireland	United States	Ireland	Ireland	Ireland	Ireland	Ireland
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	+0.5%	+8.7%	+2.5%	+6.9%		+5.9%	+4.4%
5-yr return p.a.	+0.4%	+4.8%	+0.0%			+2.8%	+1.8%
# holdings	186	158	97	4,156	4,156	97	97

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

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