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ETF sheet · Issuer-declared data

iShares $ EM Bond UCITS ETF GBP HedgedIndex, costs, backtest, listings and taxation

ISIN: IE000Z8J6487Ticker: HCGHIssuer: iShares
ETF launched on 25 August 2026 — page still filling up

What you see is what the issuer has declared so far. The rest comes with time, not by our choice: each row appears on its own as soon as the data exists.

Tracking differenceafter the first full calendar year, from January 2028
Dividendsafter the first distribution declared by the issuer
Issuer-declared data
Declared index
BBG EM USD Sovereign and Quasi Sovereign Country Capped Index
TER
0.25%
Management
Passive (index-tracking)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
11,650 EUR
NAV
4.99 GBP (1 September 2026)
Domicile
Ireland
Inception date
25 August 2026
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

iShares $ EM Bond UCITS ETF tracks the issuer-declared index: BBG EM USD Sovereign and Quasi Sovereign Country Capped Index. Mind the share class: this is the version hedged to GBP — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.25%. Replication is optimised physical replication (the KID declares optimisation techniques to achieve a return similar to the index); income is distributed to investors. The fund has assets of about 0 million euro, was launched on 25 August 2026 and is domiciled in Ireland. In our registry 1 other ETFs declare the same index.

Text generated from the data the issuer declares in official product lists. No recommendation.

Fund performance

issuer-declared net asset value (NAV) · GBP · from Aug 2026 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-0.5%
Volatility (ann.)
2.0%
Max drawdown
-0.67%
-4%-2%0%+1%+3%Aug 2026Aug 2026Sept 2026Sept 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)-1%
⚠ Distributing fund: the chart shows PRICE only, which drops at each dividend payment. The issuer does not publish a dividends-reinvested series, so total performance is higher than what you see.
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-1%-2%-3%-4%2026−0.67% · 02 Sept 2026
Max drawdown
-0.67%
peak → trough
Trough
02 Sept 2026
from the 25 Aug 2026 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
14 days
decline + recovery: peak to break-even · (ongoing)
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available — — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

We do not publish a tracking difference for this share class — and it is not an oversight.

HCGH is hedged to GBP; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.

Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the GBP-hedged index series, which the issuer does not publish today.

What tracking difference is and how we compute it →

Portfolio holdings

Securities in portfolio
240
241 total lines: 1 cash & derivatives
Top-10 weight
7.7%

Top 10 holdings

ARGENTINA REPUBLIC OF GOVERNMENT · ARGENT
0.86%
ANGOLA (REPUBLIC OF) MTN RegS · ANGOL
0.81%
TURKEY (REPUBLIC OF) · TURKEY
0.80%
SUCI SECOND INVESTMENT COMPANY RegS · PIFKSA
0.78%
UNDERSECRETARIAT OF TREASURY ASSET RegS · TURKSK
0.78%
KOREA DEVELOPMENT BANK · KDB
0.75%
EAGLE FUNDING LUXCO SARL RegS · MEXPCP
0.75%
SAUDI ELECTRICITY SUKUK PROGRAMME RegS · SECO
0.74%
PERUSAHAAN LISTRIK NEGARA (PERSERO MTN RegS · PLNIJ
0.71%
BAHRAIN (KINGDOM OF) MTN RegS · BHRAIN
0.67%

Sectors

Government Related
99.9%

Countries

AfghanistanAngola: 0.8%AlbaniaUnited Arab Emirates: 7.8%Argentina: 3.4%ArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijan: 0.5%BurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 3.5%BruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChile: 3.1%China: 4.7%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombia: 2.8%Costa Rica: 0.5%CubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican Republic: 1.6%AlgeriaEcuador: 0.8%Egypt: 1.5%EritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhana: 0.4%GuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemala: 0.5%French GuianaGuyanaHondurasCroatiaHaitiHungary: 1.4%Indonesia: 5.6%India: 0.9%IrelandIranIraqIcelandIsrael: 2.3%ItalyJamaica: 0.3%Jordan: 0.5%JapanKazakhstan: 1%Kenya: 0.6%KyrgyzstanCambodiaSouth Korea: 3.7%KosovoKuwait: 1.1%LaosLebanon: 0.1%LiberiaLibyaSri Lanka: 0.5%LesothoLithuaniaLuxembourgLatviaMorocco: 0.5%MoldovaMadagascarMexico: 9%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysia: 1.5%NamibiaNew CaledoniaNigerNigeria: 1%NicaraguaNetherlandsNorwayNepalNew ZealandOman: 1.5%Pakistan: 0.5%Panama: 1.8%Peru: 1.6%Philippines: 2.3%Papua New GuineaPoland: 1.9%Puerto RicoNorth KoreaPortugalParaguay: 0.5%Qatar: 3.6%Romania: 1.4%RussiaRwandaWestern SaharaSaudi Arabia: 10.1%SudanSouth SudanSenegalSolomon IslandsSierra LeoneEl Salvador: 0.4%SomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraine: 0.7%Uruguay: 0.9%United States of AmericaUzbekistan: 0.5%VenezuelaVietnamVanuatuWest BankYemenSouth Africa: 1.4%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
Saudi Arabia10.1%
Mexico9%
United Arab Emirates7.8%
Indonesia5.6%
Turkey5.5%
China4.7%
South Korea3.7%
⬇ Download the full portfolio — Excel, 241 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Share classes of the same fund

This page covers ISIN IE000Z8J6487 (share class Hedged). The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classISINTickerIncomeCurrency
class not declaredIE0007WEUBZ2HCEMDistributingUSD
class not declaredIE000IGHAU32HCAMAccumulatingUSD
HedgedIE000XGYMCA8CEMXAccumulatingEUR
Hedged · this pageIE000Z8J6487HCGHDistributingGBP
Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

ETFs declaring the same index

FundTERIncomeFund size
HCEM · iShares · 3 classesnot on Borsa Italiana
0.23%Acc. · Dist.34 mln EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Stock exchange listings

ExchangeTicker
Issuer’s reference exchangeHCGH
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares $ EM Bond UCITS ETF track?
The issuer iShares declares the benchmark: BBG EM USD Sovereign and Quasi Sovereign Country Capped Index.
How much does HCGH cost?
The issuer-declared TER is 0.25% per year.
What is the fund size of HCGH?
The fund size declared by iShares is about 11,650 €.
When was HCGH launched?
The fund was launched on 25 August 2026: it has been trading for 16 days: the page fills up as the issuer publishes data.
How does HCGH replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Fisica - ottimizzazione (dal KID)”).
Does HCGH pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
How many securities does HCGH hold?
The declared portfolio holds 240 securities (plus 1 cash & derivative lines); the top 10 positions weigh 7.7%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.