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iShares Core UK Gilts UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE00B1FZSB30Ticker: IGLT (Borsa Italiana) · 2B7M (Xetra) · IGLT (London SE) · IGLT (SIX)Issuer: iShares
Issuer-declared data
TER
0.07%
Transaction costs
0.01% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
3.8 bn EUR
NAV
9.56 GBP (1 September 2026)
Domicile
Ireland
Inception date
1 December 2006
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 Core UK Gilts UCITS ETF tracks the issuer-declared index: FTSE Actuaries UK Conventional Gilts All Stocks Index (GBP). The declared annual cost (TER) is 0.07%, plus 0.01% in transaction costs estimated by the issuer in the KID. 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 3.8 billion euro, was launched on 1 December 2006 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the FTSE Actuaries UK Conventional Gilts All Stocks Index, the Fund’s benchmark index (Index). The Share Class, via the Fund is passively managed and aims to invest so far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the Index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them. The Index measures the performance of the United Kingdom (UK) Government gilt market (i.e. UK Government bond market) with a diversified spread of maturity dates (i.e. repayment dates) and coupon (i.e. interest) payments. The bonds will be denominated in Sterling, and coupons and principal paid in Sterling. The bonds will, at the time of inclusion in the Index, be investment grade (i.e. meet a specified level of creditworthiness) so long as the UK maintains its investment grade credit rating. The Fund uses optimising techniques to achieve a similar return to its Index. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund.

Keep reading the KID section ▾

The price of fixed income securities may be affected by changing interest rates which in turn may affect the value of your investment. Fixed income securities prices move inversely to interest rates. Therefore, the market value of fixed income securities may decrease as interest rates increase. The credit rating of an issuing entity will generally affect the yield that can be earned on fixed income securities; the better the credit rating the smaller the yield. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”).

The depositary of the Fund is The Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares II plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.

Your shares will be distributing shares (i.e. income will be paid on the shares semi-annually). Your shares will be denominated in Sterling, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.

Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).

Insurance benefits:The Fund does not offer any insurance benefits.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.07%: below the median of bond ETFs we track (0.15%).
  • Assets larger than 97% of bond ETFs we track.
  • Average tracking difference over the last 3 years: +0.00% p.a., against a declared TER of 0.07%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · GBP · from Dec 2006 to Aug 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+54.9%
Annualised
+2.2%
Volatility (ann.)
7.7%
Max drawdown
-34.97%
-8%+23%+54%+85%+116%Dec 2006Oct 2011Sept 2016Aug 2021Aug 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+55%Dec 2006Aug 2026
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%-10%-20%-30%-40%-50%2006200920122015201820212024−34.97% · 27 Sept 2022
Max drawdown
-34.97%
peak → trough
Trough
27 Sept 2022
from the 09 Mar 2020 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
2,366 days
decline + recovery: peak to break-even · ≈ 6 years and 6 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
09 Mar 202027 Sept 2022-34.97%ongoing2,366
11 Aug 201615 Dec 2016-8.78%30 May 20191,022
02 May 201310 Sept 2013-7.17%26 Aug 2014481
30 Jan 201526 Jun 2015-6.81%08 Feb 2016374
31 Dec 200823 Jan 2009-5.81%06 Mar 200965

Calendar-year returns

2016
10.0%
2017
1.7%
2018
0.4%
2019
6.8%
2020
8.2%
2021
-5.2%
2022
-23.8%
2023
3.7%
2024
-3.3%
2025
5.0%
2026
-1.3%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
2026-0.12.3-4.0-0.41.80.6-1.50.2-1.3
20250.80.8-1.01.7-1.21.5-0.3-1.00.62.70.10.25.0
2024-2.2-1.11.7-2.90.81.21.70.50.0-2.51.6-2.2-3.3
20232.6-3.32.9-1.7-3.4-0.40.8-0.4-1.0-0.42.95.43.7
2022-3.8-1.4-2.1-2.8-2.9-1.82.6-7.6-8.03.12.8-4.1-23.8
2021-1.7-5.70.00.50.40.72.8-0.8-3.72.13.0-2.7-5.2
20203.51.21.43.00.0-0.60.4-3.11.5-0.5-0.51.68.2
20191.1-0.93.2-1.52.70.22.13.50.5-1.8-0.8-1.36.8
2018-2.00.22.0-1.01.7-0.6-0.40.1-1.60.9-1.22.20.4
2017-1.73.10.30.20.4-2.00.31.9-2.60.30.31.41.7
20163.61.4-0.1-1.21.75.62.02.6-2.3-3.9-1.31.810.0
20154.5-4.22.0-2.10.4-1.71.60.31.2-1.10.9-1.00.4
20141.90.10.00.70.9-0.51.03.3-0.61.33.11.813.6
2013-1.90.81.81.1-2.5-2.40.8-1.10.80.7-0.9-1.1-4.1
20120.4-1.3-0.90.44.4-1.02.0-0.2-0.7-0.70.7-0.52.5
2011-1.90.70.41.81.2-0.63.21.53.31.12.11.615.3
20100.7-0.40.80.62.31.5-0.34.4-0.5-1.4-0.6-0.17.0
2009-4.61.42.5-1.2-1.00.9-0.83.60.2-0.30.9-2.7-1.4
20080.40.20.7-1.5-1.5-0.72.42.10.10.34.45.212.6
2007-1.31.7-1.1-0.3-0.9-1.22.51.5-0.00.91.71.75.0
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — 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

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 2 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.00% /anno
Declared TER
0.07%
YearFundIndexDifference
2025+5.05%+5.03%+0.02%
2024-3.34%-3.32%-0.02%
2023+3.68%+3.68%+0.00%
2022-23.83%-23.83%+0.01%
2021-5.21%-5.16%-0.05%
2020+8.20%+8.27%-0.07%
2019+6.80%+6.90%-0.11%
2018+0.40%+0.57%-0.17%
2017+1.70%+1.83%-0.13%
2016+9.97%+10.09%-0.12%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)7.50%8.06%11.18%10.60%10.62%
Max drawdown-4.85%-12.06%-36.38%-37.80%-38.86%
Sharpe-0.35-0.53-0.88-0.44-0.21
Sortino-0.45-0.70-1.20-0.62-0.30
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Duration and maturities

Duration · effective duration
7.11years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
0–1 years
7.78%
1–2 years
8.60%
2–3 years
9.13%
3–5 years
13.27%
5–7 years
11.03%
7–10 years
14.90%
10–15 years
11.62%
15–20 years
7.30%
20+ years
16.30%
Cash and derivatives
0.06%

Source: product page iShares, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AA
99.94%
Cash and derivatives
0.06%

Source: product page iShares, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
70
74 total lines: 4 cash & derivatives
Top-10 weight
23.3%

Top 10 holdings

UK CONV GILT RegS · UKT
2.60%
UK CONV GILT RegS · UKT
2.53%
UK CONV GILT RegS · UKT
2.50%
UNITED KINGDOM OF GREAT BRITAIN AN RegS · UKT
2.48%
UNITED KINGDOM OF GREAT BRITAIN AN RegS · UKT
2.29%
UK CONV GILT RegS · UKT
2.24%
UK CONV GILT RegS · UKT
2.19%
UK CONV GILT RegS · UKT
2.19%
UK CONV GILT RegS · UKT
2.16%
UK CONV GILT RegS · UKT
2.14%

Sectors

Treasury
99.9%
Cash and/or Derivatives
0.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United Kingdom100%
⬇ Download the full portfolio — Excel, 74 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 →

Dividends

Latest dividend
0.22 GBP
ex 21 May 2026 · paid 29 May 2026
Dividends, last 12 months
0.44 GBP
Dividend yield
4.61%
12-month sum over the NAV as of 2 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.44 GBP4.52 %
20250.43 GBP4.35 %
20240.36 GBP3.40 %
20230.25 GBP2.39 %
20220.14 GBP1.01 %
20210.11 GBP0.74 %

Dividend contribution to total return

-30%-20%-10%0%10%+2.53 %1 year+4.96 %2025−3.31 %2024+3.53 %2023−23.78 %2022−5.20 %2021
dividendsprice changeprice decline

Calendar per share (GBP)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.22
20250.210.22
20240.160.20
20230.110.14
20220.060.08
20210.060.05
20200.080.06
20190.080.09
20180.090.08
20170.120.05
20160.130.12
20150.120.13
20140.120.13
20130.120.12
20120.140.13
20110.170.16
20100.190.050.12
20090.200.19
20080.210.23
20070.180.23

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.22 GBP21 May 202622 May 202629 May 2026
0.22 GBP13 Nov 202514 Nov 202526 Nov 2025
0.21 GBP15 May 202516 May 202529 May 2025
0.20 GBP14 Nov 202415 Nov 202427 Nov 2024
0.16 GBP16 May 202417 May 202430 May 2024
0.14 GBP16 Nov 202317 Nov 202329 Nov 2023
0.11 GBP19 May 202322 May 202330 May 2023
0.08 GBP17 Nov 202218 Nov 202230 Nov 2022
Per-share dividends as declared by the issuer, in GBP, since the first payment (25 Apr 2007). Past dividends are not indicative of future ones.

Share classes of the same fund

This page covers ISIN IE00B1FZSB30. The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classISINTickerIncomeCurrency
USD Hedged (Dist)IE0004J6PFL7GLUHDistributingUSD
USD Hedged (Acc)IE000578J297IGLUAccumulatingUSD
EUR Hedged (Dist)IE000BI0GCN3CBUSDistributingEUR
EUR Hedged (Acc)IE000PYIUPH0CEMMAccumulatingEUR
GBP (Dist) · this pageIE00B1FZSB30IGLTDistributingGBP
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.

Index tracked

FTSE Actuaries UK Conventional Gilts All Stocks Index (GBP)
This fund belongs to the government bonds family: compare all census ETFs in this family →

Italian taxation

Effective rate on capital gains
12.73%
White-list share
98.26%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B1FZSB30IGLT(class: GBP (Dist))
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)IGLT3 Nov 2008
Börse Düsseldorf2B7M7 Sept 2017
Börse Hamburg2B7M14 Dec 2017
Börse Hannover2B7M9 Dec 2024
Börse München / gettex2B7M15 Sept 2021
Tradegate Exchange2B7M27 Nov 2024
+ 13 more trading venues (MTFs and professional platforms).
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 Core UK Gilts UCITS ETF track?
The issuer iShares declares the benchmark: FTSE Actuaries UK Conventional Gilts All Stocks Index (GBP).
How much does IGLT cost?
The issuer-declared TER is 0.07% per year; the transaction costs estimated in the KID are 0.01%.
How is IGLT taxed in Italy?
On sale, the capital gain is taxed at an effective 12.73% rate (white-list share 98.26%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of IGLT?
The fund size declared by iShares is about 3.8 billion euro.
When was IGLT launched?
The fund was launched on 1 December 2006: it has 19 years of history.
How does IGLT replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Fisica - ottimizzazione (dal KID)”).
Does IGLT pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does IGLT trade?
Per the official ESMA register it trades on 6 main exchanges, including Borsa Italiana (ETFplus) (IGLT), Börse Düsseldorf (2B7M), Börse Hamburg (2B7M), Börse Hannover (2B7M), Börse München / gettex (2B7M), Tradegate Exchange (2B7M).
What was IGLT's worst fall?
Over the available history (since 2006), the maximum drawdown was -37.30%, reached in July 2026. Past performance is not indicative of future results.
What is IGLT's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.00% per year versus its index (from issuer-declared series).
How many securities does IGLT hold?
The declared portfolio holds 70 securities (plus 4 cash & derivative lines); the top 10 positions weigh 23.3%.
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.