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iShares € Corp Bond Financials UCITS ETF EUR (Dist)Index, costs, backtest, listings and taxation

ISIN: IE00B87RLX93Ticker: IS3B (Xetra) · 0UCF (London SE) · IECF (SIX)Issuer: iShares
Issuer-declared data
Declared index
BBG Euro Aggregate Financials
TER
0.20%
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
495.1 mln EUR
NAV
100.43 EUR (31 August 2026)
Domicile
Ireland
Inception date
7 May 2013
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 € Corp Bond Financials UCITS ETF EUR (Dist) tracks the issuer-declared index: BBG Euro Aggregate Financials. The declared annual cost (TER) is 0.20%, 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 495 million euro, was launched on 7 May 2013 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 Bloomberg Euro-Aggregate Financial 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 these until they cease to form part of the Index and it is practicable to sell the position. The Index measures the performance of Euro-denominated, investment grade FI securities which pay income according to a fixed rate of interest and are issued by financial issuers only. The FI securities will, at the time of inclusion in the Index, be investment grade (i.e. meet a specified level of creditworthiness). Only bonds with a minimum remaining time to maturity (i.e. the time until they become due for payment) of one year and a minimum amount outstanding of €300 million are included in the Index. 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 VI 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 0.20%: above the median of bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.14% p.a., against a declared TER of 0.20%.
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) · EUR · from May 2013 to Aug 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+25.5%
Annualised
+1.7%
Volatility (ann.)
2.9%
Max drawdown
-17.34%
-6%+3%+12%+22%+31%May 2013Aug 2016Dec 2019Apr 2023Aug 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+25%May 2013Aug 2026
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%-5%-10%-15%-20%2013201520172019202120232025−17.34% · 21 Oct 2022
Max drawdown
-17.34%
peak → trough
Trough
21 Oct 2022
from the 05 Aug 2021 peak
Recovery time
1,027 days
recovery only: trough to break-even · ≈ 2 years and 10 months
Underwater
1,469 days
decline + recovery: peak to break-even · ≈ 4 years · → recovered on 13 Aug 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
05 Aug 202121 Oct 2022-17.34%13 Aug 20251,469
20 Feb 202024 Mar 2020-9.17%05 Nov 2020259
15 Apr 201510 Jul 2015-3.24%01 Apr 2016352
09 May 201324 Jun 2013-3.07%29 Oct 2013173
07 Dec 201708 Jan 2019-2.89%13 Mar 2019461

Calendar-year returns

2016
3.7%
2017
3.1%
2018
-1.7%
2019
6.0%
2020
2.2%
2021
-0.8%
2022
-13.6%
2023
8.4%
2024
5.6%
2025
3.5%
2026
0.1%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.70.5-2.21.00.90.4-0.8-0.30.1
20250.60.6-0.90.90.70.30.50.00.40.6-0.2-0.13.5
20240.3-0.61.2-0.70.50.51.70.41.3-0.21.5-0.35.6
20232.3-1.20.30.60.2-0.31.40.2-0.60.42.22.68.4
2022-1.3-2.5-1.0-2.8-1.1-3.64.4-3.9-3.3-0.42.7-1.3-13.6
2021-0.1-0.60.20.1-0.10.41.0-0.3-0.5-0.90.1-0.0-0.8
20200.9-0.5-7.03.70.31.51.20.30.20.41.20.32.2
20191.10.71.10.7-0.21.61.20.6-0.7-0.1-0.20.06.0
2018-0.2-0.1-0.20.1-0.6-0.00.4-0.0-0.2-0.2-0.70.2-1.7
2017-0.41.1-0.10.50.5-0.40.90.5-0.21.00.0-0.23.1
20160.5-0.21.10.40.40.21.60.5-0.2-0.4-0.90.73.7
20150.60.8-0.2-0.4-0.4-1.91.2-0.6-0.41.40.8-0.60.1
20141.10.60.40.90.80.40.51.10.10.40.50.47.6
2013-1.50.9-0.20.81.20.3-0.30.6
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 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.14% /anno
Declared TER
0.20%
YearFundIndexDifference
2025+3.49%+3.56%-0.07%
2024+5.55%+5.72%-0.17%
2023+8.39%+8.57%-0.18%
2022-13.58%-13.36%-0.22%
2021-0.83%-0.61%-0.23%
2020+2.18%+2.39%-0.21%
2019+6.04%+6.12%-0.08%
2018-1.67%-1.46%-0.20%
2017+3.10%+3.23%-0.13%
2016+3.73%+3.89%-0.17%
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.)3.37%3.41%4.07%3.40%3.16%
Max drawdown-3.83%-3.83%-17.95%-18.39%-18.39%
Sharpe-1.45-0.46-1.09-0.56-0.28
Sortino-1.73-0.56-1.40-0.71-0.36
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: 2.21%), 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
3.89years

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

Maturity breakdown (% of fund)
0–1 years
0.16%
1–2 years
16.86%
2–3 years
14.92%
3–5 years
29.44%
5–7 years
21.58%
7–10 years
13.80%
10–15 years
2.91%
15–20 years
0.05%
20+ years
0.07%
Cash and derivatives
0.20%

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
5.67%
A
56.90%
BBB
37.17%
Not rated
0.06%
Cash and derivatives
0.20%

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
1,650
1655 total lines: 5 cash & derivatives
Top-10 weight
1.9%

Top 10 holdings

UBS GROUP AG MTN RegS · UBS
0.24%
MORGAN STANLEY MTN · MS
0.21%
BANCO SANTANDER SA MTN RegS · SANTAN
0.20%
MORGAN STANLEY MTN · MS
0.18%
JPMORGAN CHASE & CO MTN RegS · JPM
0.18%
GOLDMAN SACHS GROUP INC/THE MTN RegS · GS
0.18%
WELLS FARGO & COMPANY MTN RegS · WFC
0.18%
BNP PARIBAS SA MTN RegS · BNP
0.17%
JPMORGAN CHASE & CO MTN RegS · JPM
0.16%
BNP PARIBAS SA MTN RegS · BNP
0.16%

Sectors

Corporates
99.7%
Cash and/or Derivatives
0.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.6%Austria: 2.1%AzerbaijanBurundiBelgium: 2%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 2.2%Switzerland: 3.2%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech Republic: 0.3%Germany: 8.1%DjiboutiDenmark: 2%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 7.3%Estonia: 0.1%EthiopiaFinland: 1.9%FijiFalkland IslandsFrance: 21.2%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 1.1%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatia: 0.1%HaitiHungary: 0.2%IndonesiaIndiaIreland: 1.1%IranIraqIceland: 0.2%IsraelItaly: 5.8%JamaicaJordanJapan: 2.6%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuania: 0.1%Luxembourg: 1.5%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 7.1%Norway: 1.3%NepalNew Zealand: 0.5%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPoland: 0.8%Puerto RicoNorth KoreaPortugal: 0.5%ParaguayQatarRomania: 0.3%RussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSlovenia: 0.1%Sweden: 4.2%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 12.5%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
France21.2%
United States12.5%
Germany8.1%
United Kingdom7.9%
Spain7.3%
Netherlands7.1%
Italy5.8%
⬇ Download the full portfolio — Excel, 1,655 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
1.60 EUR
ex 16 Apr 2026 · paid 29 Apr 2026
Dividends, last 12 months
3.21 EUR
Dividend yield
3.20%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year3.21 EUR3.11 %
20253.14 EUR3.09 %
20243.00 EUR3.03 %
20232.41 EUR2.57 %
20220.94 EUR0.86 %
20210.82 EUR0.74 %

Dividend contribution to total return

-20%-10%0%10%+0.40 %1 year+3.46 %2025+5.47 %2024+8.23 %2023−13.56 %2022−0.83 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20261.60
20251.531.61
20241.441.56
20231.031.38
20220.340.60
20210.490.33
20200.530.55
20190.610.60
20180.570.58
20170.630.58
20160.850.77
20150.910.86
20140.950.97
20130.69

Latest dividends

Per shareEx-dividend dateRecord datePayment
1.60 EUR16 Apr 202617 Apr 202629 Apr 2026
1.61 EUR16 Oct 202517 Oct 202529 Oct 2025
1.53 EUR17 Apr 202522 Apr 202530 Apr 2025
1.56 EUR17 Oct 202418 Oct 202430 Oct 2024
1.44 EUR18 Apr 202419 Apr 202430 Apr 2024
1.38 EUR12 Oct 202313 Oct 202325 Oct 2023
1.03 EUR13 Apr 202314 Apr 202326 Apr 2023
0.60 EUR13 Oct 202214 Oct 202226 Oct 2022
Per-share dividends as declared by the issuer, in EUR, since the first payment (25 Sept 2013). Past dividends are not indicative of future ones.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
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:

IE00B87RLX93IS3B(class: EUR (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
Börse DüsseldorfIS3B9 Jan 2017
Börse FrankfurtIS3B4 Jul 2016
Börse HamburgIS3B1 Aug 2016
Börse HannoverIS3B9 Dec 2024
Börse München / gettexIS3B4 Jul 2016
Börse StuttgartIS3B4 Jul 2016
Tradegate ExchangeIS3B4 Jul 2016
Xetra (Deutsche Börse)IS3B4 Jul 2016
+ 16 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 € Corp Bond Financials UCITS ETF EUR (Dist) track?
The issuer iShares declares the benchmark: BBG Euro Aggregate Financials.
How much does IS3B cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.01%.
How is IS3B taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of IS3B?
The fund size declared by iShares is about 495 million euro.
When was IS3B launched?
The fund was launched on 7 May 2013: it has 13 years of history.
How does IS3B replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Fisica - ottimizzazione (dal KID)”).
Does IS3B pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does IS3B trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (IS3B), Börse Frankfurt (IS3B), Börse Hamburg (IS3B), Börse Hannover (IS3B), Börse München / gettex (IS3B), Börse Stuttgart (IS3B).
What was IS3B's worst fall?
Over the available history (since 2013), the maximum drawdown was -18.39%, reached in October 2022. Past performance is not indicative of future results.
What is IS3B's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.14% per year versus its index (from issuer-declared series).
How many securities does IS3B hold?
The declared portfolio holds 1,650 securities (plus 5 cash & derivative lines); the top 10 positions weigh 1.9%.
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.