iShares £ Ultrashort Bond UCITS ETF

Fixed Income
Fixed Income
ERAN

iShares £ Ultrashort Bond UCITS ETF

  • NAV as of 29/Sept/2026
    GBP 5.14
  • 1 Day NAV Change as of 29/Sept/2026
    GBP 0.00(0.01%)
  • Weighted Average YTM 29/Sept/2026
    4.24%
  • NAV as of 29/Sept/2026
    GBP 5.14
  • 1 Day NAV Change as of 29/Sept/2026
    GBP 0.00(0.01%)
  • Weighted Average YTM 29/Sept/2026
    4.24%

WHY ERAN?

  1. Diversified exposure to very short maturity fixed and floating rate bonds issued in GBP
  2. Direct investment in corporate bonds across sectors (industrials, utilities and financial companies) as well as in quasi-government bonds
  3. GBP denominated investment grade bond exposure

INVESTMENT OBJECTIVE

The Fund seeks to track the performance of an index composed of Sterling denominated investment grade corporate bonds and quasi-government bonds.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest.

Important Notice: Please note that with effect from 5th March 2015, the iShares £ Ultrashort Bond UCITS ETF’s TER was temporarily discounted from 0.20% to 0.09%, this temporary discount is now a permanent TER reduction.



All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Performance

RETURNS

This chart has been left intentionally blank as there is less than one year's performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Risks

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk.Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events.Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Share Class to financial loss.Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due. If a financial institution is unable to meet its financial obligations, its financial assets may be subject to a write down in value or converted (i.e. “bail-in”) by relevant authorities to rescue the institution.Liquidity Risk: Lower liquidity means there are insufficient buyers or sellers to allow the Fund to sell or buy investments readily.

Key Facts

Net Assets
as of 29/Sept/2026
GBP 90,003,307
Inception Date
27/Jan/2026
Share Class Currency
GBP
Asset Class
Fixed Income
SFDR Classification
Other
Total Expense Ratio
0.09%
Use of Income
Accumulating
Domicile
Ireland
Rebalance Frequency
Monthly
UCITS
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
ERAN LN
ISA Eligibility
Yes
Net Assets of Fund
as of 29/Sept/2026
GBP 2,015,718,574
Fund Launch Date
16/Oct/2013
Base Currency
GBP
Benchmark Index
iBoxx GBP Liquid Investment Grade Ultrashort Index
Shares Outstanding
as of 29/Sept/2026
17,526,686
ISIN
IE000V5JWFM0
Securities Lending Return
as of 30/Jun/2026
0.01%
Product Structure
Physical
Methodology
Sampled
Issuing Company
iShares IV plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
31 May
SIPP Available
Yes
UK Reporting Status
No

Portfolio Characteristics

Number of Holdings
as of 29/Sept/2026
178
Benchmark Ticker
IBXXUSG1
3y Beta
as of -
-
Weighted Avg Coupon
as of 29/Sept/2026
3.35
Effective Duration
as of 29/Sept/2026
0.22
Benchmark Level
as of 30/Sept/2026
GBP 128.73
Standard Deviation (3y)
as of -
-
Weighted Average YTM
as of 29/Sept/2026
4.24%
Weighted Avg Maturity
as of 29/Sept/2026
0.99

Registered Locations

  • Ireland

  • Italy

  • Saudi Arabia

  • Singapore

  • Spain

  • United Kingdom

Holdings

Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Exposure Breakdowns

% of Market Value as of
29/Sept/2026
Type
Fund
Covered Other34.12
Supranational15.07
Mortgage Collateralized9.20
Government Guaranteed8.26
Banking7.18
Consumer Cyclical5.28
Owned No Guarantee4.85
Insurance3.00
Communications2.06
Local Government Guarantee1.79
Allocations are subject to change.

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

 

Lending Summary not available as there is less than one year's performance data
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Exchange
Ticker
Currency
Listing Date
SEDOL
Bloomberg Ticker
RIC
Bolsa Mexicana De ValoresERANMXN30/Apr/2026BNZGTB7ERANN MMERANN.MX
London Stock ExchangeERANGBP29/Jan/2026BSBJFS4ERAN LNERAN.L

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If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.