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ETF sheet · Issuer-declared data

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iShares Core € Govt Bond UCITS ETFIndex, costs, backtest, listings and taxation

Class:

ISIN: IE00B4WXJJ64Ticker: SEGA (Borsa Italiana) · EUNH (Xetra) · SEGA (London SE) · IEGA (Euronext AMS) · IEGA (SIX)Issuer: iShares

Issuer-declared data

Declared index

Bloomberg Euro Treasury Bond Index

TER

0.07%

Transaction costs

0.01% (issuer estimate, from the KID)

Management

Passive (index-tracking)

Replication

Physical (optimised)

Income policy

Distributing

SFDR

Article 6 — does not promote specific ESG characteristics what does it mean?

Fund assets

5.4 bn EUR

NAV

106.52 EUR (31 August 2026)

Domicile

Ireland

Inception date

17 April 2009

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 € Govt Bond UCITS ETF tracks the issuer-declared index: Bloomberg Euro Treasury Bond Index. 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 5.4 billion euro, was launched on 17 April 2009 and is domiciled in Ireland. In our registry it is the largest by assets among the 5 ETFs declaring the same index.

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 Bloomberg Euro Treasury Bond 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 Euro denominated bonds issued or guaranteed by member states of the Economic and Monetary Union of the European Union (EMU). The bonds are issued in Euro or the legacy currencies of sovereign countries of the EMU and will, at the time of inclusion in the Index, be investment grade (i.e. meet a specified level of creditworthiness). They will pay income according to a fixed rate of interest and will have at least one year remaining until maturity (i.e. the time until they become due for repayment) and a minimum amount outstanding of €300 million. The Index is market capitalisation weighted. Market capitalisation is the market value of the outstanding bond issuance. 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 State Street Custodial Services (Ireland) Limited. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares III 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 Euro, 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 99% of bond ETFs we track.
Average tracking difference over the last 3 years: -0.05% 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 version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF 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) · EUR · from Apr 2009 to Aug 2026

Dividends reinvestedAdjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+39.0%

Annualised

+1.9%

Volatility (ann.)

4.7%

Max drawdown

-22.55%

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.

Max drawdown

-22.55%

peak → trough

Trough

28 Sept 2023

from the 11 Dec 2020 peak

Recovery time

not yet

recovery only: trough to break-even

Underwater

2,089 days

decline + recovery: peak to break-even · ≈ 5 years and 9 months · (ongoing)

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
11 Dec 2020	28 Sept 2023	-22.55%	ongoing	2,089
25 Aug 2010	25 Nov 2011	-6.76%	27 Jan 2012	520
15 Apr 2015	10 Jun 2015	-6.25%	29 Mar 2016	349
10 Aug 2016	10 Mar 2017	-5.91%	27 Mar 2019	959
03 Sept 2019	18 Mar 2020	-5.71%	29 Sept 2020	392

Calendar-year returns

2016

3.0%

2017

-0.0%

2018

0.8%

2019

6.7%

2020

4.8%

2021

-3.5%

2022

-18.5%

2023

7.1%

2024

1.8%

2025

0.6%

2026

-1.1%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	0.7	1.4	-2.7	0.3	1.1	0.4	-1.7	-0.6					-1.1
2025	-0.1	0.7	-1.8	1.9	0.1	-0.2	-0.2	-0.4	0.5	0.9	-0.0	-0.6	0.6
2024	-0.5	-1.2	1.0	-1.4	-0.1	0.2	2.3	0.4	1.3	-1.0	2.3	-1.5	1.8
2023	2.4	-2.3	2.4	-0.1	0.4	-0.3	-0.2	0.3	-2.7	0.4	3.0	3.6	7.1
2022	-1.1	-2.0	-2.4	-3.8	-1.8	-1.9	4.1	-5.2	-3.8	0.2	2.4	-4.6	-18.5
2021	-0.6	-1.9	0.2	-1.1	-0.1	0.5	1.8	-0.6	-1.2	-0.7	1.7	-1.6	-3.5
2020	2.4	0.5	-2.6	0.5	0.2	1.0	1.1	-0.8	1.4	1.0	0.1	0.2	4.8
2019	1.1	-0.4	1.8	-0.1	1.1	2.3	1.7	2.5	-0.4	-1.1	-0.9	-0.9	6.7
2018	-0.4	0.2	1.6	-0.4	-1.2	0.7	-0.4	-0.6	-0.2	-0.1	0.6	0.9	0.8
2017	-2.1	1.2	-0.6	0.5	0.5	-0.5	0.2	0.8	-0.5	1.1	0.3	-0.9	-0.0
2016	1.9	0.9	0.5	-1.1	1.0	2.3	0.8	-0.3	0.2	-2.2	-1.6	0.7	3.0
2015	2.3	0.7	1.2	-1.4	-1.6	-2.6	2.3	-1.1	1.3	1.0	0.4	-1.0	1.5
2014	2.2	0.7	0.9	1.0	1.0	1.0	0.9	1.9	0.1	0.2	1.4	1.1	12.9
2013	-0.5	0.2	0.6	2.5	-1.3	-1.5	0.7	-0.6	0.7	1.4	0.3	-0.6	2.1
2012	1.8	1.8	0.0	-0.2	1.3	-0.8	1.6	0.7	1.3	0.7	1.4	0.7	10.8
2011	-0.5	-0.1	-0.6	0.6	0.9	-0.3	0.1	3.0	0.8	-2.0	-2.4	3.9	3.2
2010	0.5	1.2	0.6	-0.6	1.5	-0.7	0.9	2.6	-1.2	-0.5	-2.6	-0.5	1.2
2009					-1.3	1.3	1.8	0.4	0.6	0.1	0.6	-0.8	3.8

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 1 of the last 10 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

-0.05% /anno

Declared TER

0.07%

Year	Fund	Index	Difference
2025	+0.61%	+0.55%	+0.05%
2024	+1.75%	+1.88%	-0.13%
2023	+7.05%	+7.13%	-0.08%
2022	-18.53%	-18.46%	-0.06%
2021	-3.53%	-3.46%	-0.07%
2020	+4.84%	+4.99%	-0.15%
2019	+6.70%	+6.77%	-0.07%
2018	+0.81%	+0.98%	-0.17%
2017	-0.01%	+0.17%	-0.18%
2016	+3.05%	+3.23%	-0.18%

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 year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	4.50%	5.00%	6.49%	5.36%	4.85%
Max drawdown	-5.01%	-7.27%	-21.99%	-23.70%	-23.70%
Sharpe	-1.11	-0.66	-1.05	-0.53	-0.11
Sortino	-1.42	-0.89	-1.45	-0.74	-0.15

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, the fund's currency; the table follows the currency selected in the chart.

Duration and maturities

Duration · effective duration

6.76years

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

Maturity breakdown (% of fund)

0–1 years

1.49%

1–2 years

10.92%

2–3 years

11.24%

3–5 years

19.19%

5–7 years

13.51%

7–10 years

17.46%

10–15 years

10.84%

15–20 years

5.32%

20+ years

9.77%

Cash and derivatives

0.28%

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)

AAA

23.26%

6.51%

46.83%

BBB

23.13%

Cash and derivatives

0.28%

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

550

555 total lines: 5 cash & derivatives

Top-10 weight

7.7%