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

ISIN: IE00B9M6SJ31Ticker: IBCQ (Xetra) · CRPH (SIX)Issuer: iSharesCurrency hedging: EUR-hedged share class
Issuer-declared data
Declared index
BBG Global Agg Corporate Index - EUR Hedged
TER
0.25%
Transaction costs
0.02% (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
1.1 bn EUR
NAV
83.51 EUR (31 August 2026)
Domicile
Ireland
Inception date
25 June 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 Global Corp Bond EUR Hedged UCITS ETF (Dist) tracks the issuer-declared index: BBG Global Agg Corporate Index - EUR Hedged. Mind the share class: this is the version hedged to EUR — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.25%, plus 0.02% 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 1.1 billion euro, was launched on 25 June 2013 and is domiciled in Ireland.

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

The Fund 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 Global Aggregate Corporate Index (EUR hedged) (Index). 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, as well as FX forward contracts that, so far as possible and practicable, track the hedging methodology of the Index. 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 provides a return on the Bloomberg Global Aggregate Corporate Bond Index (Parent Index) which measures the performance of the global corporate debt market. 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, including government bonds, which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the process of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. The FX forward contracts comprise rolling one-month forward contracts that are reset at the end of each month. They hedge each foreign currency in the Index back to the Fund’s base currency. 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). The Fund’s base currency is Euro. 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 0.25%: above the median of bond ETFs we track (0.15%).
  • Assets larger than 84% of bond ETFs we track.
  • Average tracking difference over the last 3 years: -0.17% p.a., against a declared TER of 0.25%.
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 Jun 2013 to Aug 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+20.6%
Annualised
+1.4%
Volatility (ann.)
4.3%
Max drawdown
-21.67%
-3%+7%+16%+26%+35%Jun 2013Sept 2016Jan 2020May 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%)+21%Jun 2013Aug 2026
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
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%-25%-30%2013201520172019202120232025−21.67% · 21 Oct 2022
Max drawdown
-21.67%
peak → trough
Trough
21 Oct 2022
from the 31 Dec 2020 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
2,069 days
decline + recovery: peak to break-even · ≈ 5 years and 8 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
31 Dec 202021 Oct 2022-21.67%ongoing2,069
06 Mar 202020 Mar 2020-12.38%16 Jul 2020132
15 Dec 201730 Nov 2018-5.10%28 May 2019529
07 Sept 201615 Dec 2016-4.23%05 Sept 2017363
17 Apr 201526 Jun 2015-3.87%07 Apr 2016356

Calendar-year returns

2016
4.4%
2017
3.5%
2018
-4.0%
2019
9.1%
2020
6.4%
2021
-2.0%
2022
-16.5%
2023
6.4%
2024
1.7%
2025
4.7%
2026
-1.1%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.20.9-2.20.50.70.2-1.40.1-1.1
20250.51.4-0.60.20.01.20.10.51.00.40.2-0.34.7
2024-0.2-1.21.1-2.11.30.52.01.01.4-1.81.2-1.51.7
20233.3-2.71.90.6-1.2-0.10.5-0.6-2.1-1.24.43.66.4
2022-2.7-2.2-2.3-4.50.0-3.03.2-3.3-4.8-0.84.0-1.0-16.5
2021-0.9-1.5-1.10.60.41.11.2-0.4-1.0-0.20.1-0.3-2.0
20201.90.6-7.14.61.11.72.4-0.9-0.10.02.00.46.4
20191.70.21.90.40.81.80.62.1-0.80.2-0.00.09.1
2018-0.8-1.2-0.0-0.80.1-0.60.40.2-0.5-1.1-0.50.8-4.0
2017-0.11.1-0.30.80.8-0.20.50.6-0.40.5-0.20.43.5
20160.30.52.20.90.01.71.50.3-0.4-1.0-2.30.54.4
20152.5-0.70.2-0.6-0.5-1.80.8-0.70.20.60.1-0.8-0.7
20141.60.80.11.11.10.20.11.3-1.00.80.70.27.2
20130.9-0.60.71.4-0.2-0.32.8
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 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.17% /anno
Declared TER
0.25%
YearFundIndexDifference
2025+4.71%+4.87%-0.16%
2024+1.68%+1.93%-0.26%
2023+6.43%+6.51%-0.08%
2022-16.47%-16.31%-0.16%
2021-2.02%-1.68%-0.34%
2020+6.36%+6.73%-0.37%
2019+9.07%+9.24%-0.17%
2018-4.02%-3.76%-0.26%
2017+3.45%+3.65%-0.20%
2016+4.36%+4.59%-0.23%
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.)4.19%5.03%5.72%5.00%4.72%
Max drawdown-5.55%-6.81%-25.12%-26.45%-26.58%
Sharpe-1.70-0.68-1.27-0.75-0.47
Sortino-1.94-0.83-1.57-0.94-0.59
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
5.59years

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

Maturity breakdown (% of fund)
0–1 years
0.87%
1–2 years
11.74%
2–3 years
11.24%
3–5 years
21.90%
5–7 years
15.78%
7–10 years
14.51%
10–15 years
6.40%
15–20 years
4.86%
20+ years
11.62%
Cash and derivatives
1.08%

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
0.57%
AA
9.48%
A
44.83%
BBB
43.80%
BB
0.00%
Not rated
0.24%
Cash and derivatives
1.08%

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
9,734
9791 total lines: 57 cash & derivatives
Top-10 weight
0.8%

Top 10 holdings

JAPAN (GOVERNMENT OF) 10YR #353 · JGB
0.17%
PANASONIC CORP #17 RegS · MATSEL
0.10%
SOPAIPILLA INVESTOR LLC 144A · TXEDCI
0.10%
JAPAN (GOVERNMENT OF) 20YR #153 · JGB
0.08%
SPACE EXPLORATION TECHNOLOGIES COR 144A · SPCX
0.06%
META PLATFORMS INC · META
0.05%
T-MOBILE USA INC · TMUS
0.05%
PFIZER INVESTMENT ENTERPRISES PTE · PFE
0.05%
PFIZER INVESTMENT ENTERPRISES PTE · PFE
0.05%
CITIGROUP INC · C
0.05%

Sectors

Banking
27.1%
Consumer Non-Cyclical
13.3%
Consumer Cyclical
8.5%
Electric
8.0%
Technology
7.8%
Communications
7.5%
Insurance
6.3%

Countries

AfghanistanAngolaAlbaniaUnited Arab Emirates: 0.2%ArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 2.2%Austria: 0.3%AzerbaijanBurundiBelgium: 0.9%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 0.3%BruneiBhutanBotswanaCentral African RepublicCanada: 5.6%Switzerland: 2.1%Chile: 0.1%China: 0.4%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 4.8%DjiboutiDenmark: 0.7%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 2.1%EstoniaEthiopiaFinland: 0.4%FijiFalkland IslandsFrance: 6.6%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 0.2%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndia: 0.1%Ireland: 0.7%IranIraqIcelandIsrael: 0.1%Italy: 1.9%JamaicaJordanJapan: 3.1%KazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 0.4%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.3%LatviaMoroccoMoldovaMadagascarMexico: 0.3%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 1.7%Norway: 0.4%NepalNew Zealand: 0.2%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPoland: 0.1%Puerto RicoNorth KoreaPortugal: 0.1%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi Arabia: 0.2%SudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 0.9%SwazilandSyriaChadTogoThailand: 0.1%TajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwan: 0.1%United Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 57.3%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 0.2%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States57.3%
United Kingdom7.6%
France6.6%
Canada5.6%
Germany4.8%
Japan3.1%
Australia2.2%
⬇ Download the full portfolio — Excel, 9,791 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
1.76 EUR
ex 16 Apr 2026 · paid 29 Apr 2026
Dividends, last 12 months
3.48 EUR
Dividend yield
4.18%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year3.48 EUR3.97 %
20253.42 EUR3.99 %
20243.22 EUR3.68 %
20232.80 EUR3.30 %
20222.23 EUR2.14 %
20212.18 EUR2.01 %

Dividend contribution to total return

-20%-10%0%10%−0.96 %1 year+4.64 %2025+1.65 %2024+6.25 %2023−16.43 %2022−2.02 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20261.76
20251.701.72
20241.581.64
20231.321.48
20221.071.16
20211.131.05
20201.321.24
20191.371.42
20181.611.34
20171.301.01
20161.331.30
20151.461.38
20141.461.47
20130.69

Latest dividends

Per shareEx-dividend dateRecord datePayment
1.76 EUR16 Apr 202617 Apr 202629 Apr 2026
1.72 EUR16 Oct 202517 Oct 202529 Oct 2025
1.70 EUR17 Apr 202522 Apr 202530 Apr 2025
1.64 EUR17 Oct 202418 Oct 202430 Oct 2024
1.58 EUR18 Apr 202419 Apr 202430 Apr 2024
1.48 EUR12 Oct 202313 Oct 202325 Oct 2023
1.32 EUR13 Apr 202314 Apr 202326 Apr 2023
1.16 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
25.94%
White-list share
0.44%
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:

IE00B9M6SJ31IBCQ
  • 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 DüsseldorfIBCQ4 Jul 2016
Börse FrankfurtIBCQ4 Jul 2016
Börse HamburgIBCQ4 Jul 2016
Börse HannoverIBCQ21 Dec 2022
Börse München / gettexIBCQ4 Jul 2016
Börse StuttgartIBCQ4 Jul 2016
Tradegate ExchangeIBCQ4 Jul 2016
Xetra (Deutsche Börse)IBCQ4 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 Global Corp Bond EUR Hedged UCITS ETF (Dist) track?
The issuer iShares declares the benchmark: BBG Global Agg Corporate Index - EUR Hedged.
How much does CRPH cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.02%.
How is CRPH taxed in Italy?
On sale, the capital gain is taxed at an effective 25.94% rate (white-list share 0.44%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of CRPH?
The fund size declared by iShares is about 1.1 billion euro.
When was CRPH launched?
The fund was launched on 25 June 2013: it has 13 years of history.
How does CRPH replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Fisica - ottimizzazione (dal KID)”).
Does CRPH pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does CRPH trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (IBCQ), Börse Frankfurt (IBCQ), Börse Hamburg (IBCQ), Börse Hannover (IBCQ), Börse München / gettex (IBCQ), Börse Stuttgart (IBCQ).
What was CRPH's worst fall?
Over the available history (since 2013), the maximum drawdown was -26.58%, reached in October 2023. Past performance is not indicative of future results.
What is CRPH's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.17% per year versus its index (from issuer-declared series).
How many securities does CRPH hold?
The declared portfolio holds 9,734 securities (plus 57 cash & derivative lines); the top 10 positions weigh 0.8%.
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.