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iShares € Govt Bond Climate UCITS ETF

iShares · IE00BLDGH447

iShares € Govt Bond Climate UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker SECD (ISIN IE00BLDGH447). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be…

· Tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond Index index ?
Bond ?Distributing ?Physical ?Ireland ?
Low yearly feePays cash dividendsOwns the shares directlyEuropeBroadly spread
Fund size (AUM) ?
€2.7B
Risk level (SRI) ?
4 / 7 · Medium
1-year return ?
-1.2%
Total return · to 2026-07-20
Dividend yield
2.76%
Trailing 12 months
Yearly fee (TER) ?
0.09%
All-in cost ≈ 0.09%

About this fund

What you own

The FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 438 companies across Europe in a single purchase.

Dividends

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

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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).

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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

0.09%Yearly fee (TER)
0.09%All-in cost

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

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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 ?
FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond Index
Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
Oct 2020
6-year track record
Recommended holding period
medium to long term

Bond details

Credit quality ?
Investment Grade
Inflation-linked ?
No — nominal (fixed) payouts

Performance

76.683.089.395.7102202120242026

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

iShares € Govt Bond Climate UCITS ETF

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

YTD-1.7%
1 year-1.2%
3 years+1.2%
5 years-3.1%

Return, year by year

-18.2
+6.9
+1.6
-0.7
'22'23'24'25
2 of 4 up yearsBest: 2023 +6.9%Worst: 2022 -18.2%Calendar-year total returns, in EUR

How bumpy has it been?

4.6%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-4.2%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
0.24
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

The bigger picture

-13.5%
Since inception
Total growth since launch — about -2.8% a year.
+10.5%
Best 12 months
The strongest one-year stretch on record.
-18.6%
Worst 12 months
The weakest one-year stretch on record.
-21.2%
Worst fall on record ?
It has not fully recovered yet.

Dividend history

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

Ex-dateAmount / share
2026-01-15€0.0568
2025-07-17€0.0535
2025-01-16€0.0532
2024-07-18€0.0497
2024-01-11€0.0467
2023-07-13€0.0358
2023-01-12€0.0138

What's inside

By sector ?

Government100.0%
Other0.1%

The 10 biggest holdings make up 2.0% of the fund — the rest is spread across roughly 18 more companies.

Top 10 holdings

#CompanyWeight
30SPAIN (KINGDOM OF) RegS0.5%
95ITALY (REPUBLIC OF) MTN0.3%
98BUNDESREPUBLIK DEUTSCHLAND RegS0.3%
207FRANCE (REPUBLIC OF) RegS0.2%
223AUSTRIA (REPUBLIC OF) RegS0.2%
254BUONI POLIENNALI DEL TESORO RegS0.2%
312EUR CASH0.1%
333FINLAND (REPUBLIC OF) MTN0.1%
358BUONI POLIENNALI DEL TESORO0.1%
365FRANCE (REPUBLIC OF)0.1%

Where to buy this fund

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

Where it trades

ExchangeTickerCurrency
FrankfurtSECDEUR★ Primary
EUR listings
B3SECDDEUR
E1SECDEUREUR
EBSECDDEUR
EPSECDEUREUR
EUSECDEUREUR
EZSECDEUREUR
GDSECDEUR
GFSECDEUR
GHSECDEUR
GMSECDEUR
GSSECDEUR
GTSECDEUR
GZSECDEUR
I2SECDDEUR
IXSECDDEUR
L3SECDDEUR
LASECDEUR
London Stock ExchangeSECDEUR
LUSECDEUR
POSECDDEUR
QESECDDEUR
QTSECDEUR
QXSECDDEUR
S2SECDDEUR
THSECDEUR
X1SECDEUREUR
X2SECDEUREUR
X9SECDEUREUR
XASECDEUREUR
XESECDEUREUR
XFSECDEUREUR
XGSECDEUREUR
XHSECDEUREUR
XJSECDEUREUR
XLSECDEUREUR
XOSECDEUREUR
XQSECDEUREUR
XSSECDEUREUR
XUSECDEUREUR
XVSECDEUREUR
XWSECDEUREUR
XXSECDEUREUR
XZSECDEUREUR
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
30SPAIN (KINGDOM OF) RegS0.5%
95ITALY (REPUBLIC OF) MTN0.3%
98BUNDESREPUBLIK DEUTSCHLAND RegS0.3%
207FRANCE (REPUBLIC OF) RegS0.2%
223AUSTRIA (REPUBLIC OF) RegS0.2%
254BUONI POLIENNALI DEL TESORO RegS0.2%
312EUR CASH0.1%
333FINLAND (REPUBLIC OF) MTN0.1%
358BUONI POLIENNALI DEL TESORO0.1%
365FRANCE (REPUBLIC OF)0.1%
368SPAIN (KINGDOM OF)0.1%
369BELGIUM KINGDOM OF (GOVERNMENT) RegS0.1%
370GERMANY (FEDERAL REPUBLIC OF)0.1%
382IRELAND (REPUBLIC OF) RegS0.1%
386BELGIUM (KINGDOM OF) RegS0.1%
392FINLAND (REPUBLIC OF)0.1%
405ITALY (REPUBLIC OF) RegS0.0%
406BELGIUM (KINGDOM OF)0.0%
411ITALY (REPUBLIC OF)0.0%
414GERMANY (FEDERAL REPUBLIC OF) RegS0.0%
416IRELAND (GOVERNMENT) RegS0.0%
421PORTUGAL (REPUBLIC OF)0.0%
429NETHERLANDS (KINGDOM OF)0.0%
431AUSTRIA (REPUBLIC OF)0.0%
433BELGIUM KINGDOM OF (GOVERNMENT)0.0%
436SLOVAKIA (REPUBLIC OF) RegS0.0%
437SLOVAK REPUBLIC (GOVERNMENT) RegS0.0%
438GBP CASH0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 83% of similar ETFs💰 All-in cost cheaper than 86%📈 Higher 1-yr return than 17%📈 Higher 3-yr return than 31%📈 Higher 5-yr return than 27%📊 Behind its category by 1.6% (1-yr) (category average +0.4%)📊 Behind its category by 1.0% (3-yr) (category average +2.2%)📊 Behind its category by 1.0% (5-yr) (category average -2.1%)

Versus the Bonds · Europe · EUR ETFs we track.

Advanced risk

0.34
Sortino (3y) ?
0.29
Calmar (3y) ?
3.5%
Downside deviation ?
58%
Up months (hit rate) ?
€4.16
52-week high ?
€3.99
52-week low ?

Concentration depth

~252 ?
Effective number of holdings

Roughly 438 companies are held, but the largest names carry most of the weight — so it behaves like ~252 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🌍 Europe bonds
Compare side by side
6 similar funds
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Why it's similarThis is the fund on this page.
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BondsDistributingPhysical
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BondsDistributingPhysical
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BondsDistributingPhysical
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Index trackedFTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond IndexBloomberg Barclays Euro Corporate Bond IndexBloomberg Barclays Euro Corporate Bond IndexMarkit iBoxx Euro Liquid High Yield IndexMarkit iBoxx Euro Liquid High Yield IndexMarkit iBoxx Euro Liquid High Yield IndexBloomberg MSCI Euro Corporate ESG SRI Index
Yearly fee (TER)0.09%0.11%0.09%0.55%0.50%0.50%0.16%
All-in cost0.09%0.11%0.09%0.55%0.50%0.50%0.16%
Fund size€2.7B€15.5B€13.7B€8.3B€7.4B€7.4B€6.7B
DomicileIrelandIrelandIrelandIrelandIrelandIrelandIreland
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+1.2%+5.4%+4.8%+0.2%+4.7%
5-yr return p.a.-3.1%+0.8%+0.2%-2.5%+0.1%
# holdings4384,1564,1566756756753,222

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

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