TER
0.09% p.a.
Distribution policy
Distributing
Replication
Sampling
Fund size
458 m
Holdings
758
Overview
Description
The iShares USD Ultrashort Bond UCITS ETF seeks to track the iBoxx® USD Liquid Investment Grade Ultrashort index. The iBoxx® USD Liquid Investment Grade Ultrashort index tracks US dollar denominated short maturity corporate bonds. Rating: Investment Grade. Time to maturity: 0-1 years (fixed rate) 0-3 years (floating rate).
Documents
Chart
Basics
Data
| Index | iBoxx® USD Liquid Investment Grade Ultrashort |
| Investment focus | Bonds, USD, World, Corporate, 0-3 |
| Fund size | GBP 458 m |
| Total expense ratio | 0.09% p.a. |
| Replication | Physical (Sampling) |
| Legal structure | ETF |
| Strategy risk | Long-only |
| Sustainability | No |
| Fund currency | USD |
| Currency risk | Currency unhedged |
| Volatility 1 year (in GBP) | 8.94% |
| Inception/ Listing Date | 15 October 2013 |
| Distribution policy | Distributing |
| Distribution frequency | Semi annually |
| Fund domicile | Ireland |
| Fund Provider | iShares |
| Fund Structure | Open-ended Investment Company (OEIC) |
| UCITS compliance | Yes |
| Administrator | State Street Fund Services (Ireland) Limited |
| Investment Advisor | |
| Custodian Bank | State Street Custodial Services (Ireland) Limited, Dublin 2 |
| Revision Company | Deloitte |
| Fiscal Year End | 31 May |
| Swiss representative | BlackRock Asset Management Schweiz AG |
| Swiss paying agent | State Street Bank International GmbH, Munich, Zurich Branch |
| Germany | No tax rebate |
| Switzerland | ESTV Reporting |
| Austria | Tax Reporting Fund |
| UK | UK Reporting |
| Indextype | Total return index |
| Swap counterparty | - |
| Collateral manager | Bank of New York Mellon|Euroclear|JP Morgan|State Street Bank |
| Securities lending | Yes |
| Securities lending counterparty | Barclays Bank Plc|Barclays Capital Securities Ltd.|BNP Paribas Arbitrage SNC|BNP Paribas SA|Citigroup Global Markets Ltd|Citigroup Inc|Credit Suisse Securities (Europe) Ltd.|Deutsche Bank AG|Goldman Sachs International|HSBC Bank Plc|J.P. Morgan Securities Plc|JP Morgan Chase & Co|Macquarie Bank Limited|Merrill Lynch International|Morgan Stanley & Co. International Plc|Nomura International Plc|Skandinaviska Enskilda Banken AB|Societe Generale SA|The Bank of Nova Scotia|UBS AG |
Similar ETFs
This section provides you with information on other ETFs with a similar investment focus to the iShares USD Ultrashort Bond UCITS ETF.
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How do you like our ETF profile? Here you'll find our Questionnaire.
Holdings
Below you find information about the composition of the iShares USD Ultrashort Bond UCITS ETF.
Top 10 Holdings
Weight of top 10 holdings
out of 758
6.04%
| IE00BK8MB266 | 1.40% |
| US097023CT04 | 0.57% |
| US00287YAQ26 | 0.56% |
| US902613AX64 | 0.56% |
| US94974BGH78 | 0.53% |
| US38141GXJ83 | 0.51% |
| US606822BN36 | 0.50% |
| US68389XBT19 | 0.50% |
| US00287YBZ16 | 0.46% |
| US87264ABB08 | 0.45% |
Sectors
| Other | 99.97% |
As of 30/09/2024
Performance
The performance numbers include distributions/dividends (if there are any). By default, the total performance of the ETF is displayed.
Returns overview
| YTD | +6.07% |
| 1 month | +4.04% |
| 3 months | +4.73% |
| 6 months | +3.74% |
| 1 year | +4.88% |
| 3 years | +19.89% |
| 5 years | +17.17% |
| Since inception (MAX) | +57.23% |
| 2023 | -0.13% |
| 2022 | +13.66% |
| 2021 | +1.32% |
| 2020 | -1.95% |
Monthly returns in a heat map
Dividends
Current dividend yield
| Current dividend yield | 5.40% |
| Dividends (last 12 months) | GBP 4.38 |
Historic dividend yields
| Period | Dividend in GBP | Dividend yield in % |
|---|---|---|
| 1 Year | GBP 4.38 | 5.36% |
| 2023 | GBP 3.94 | 4.77% |
| 2022 | GBP 1.28 | 1.73% |
| 2021 | GBP 0.35 | 0.48% |
| 2020 | GBP 1.21 | 1.59% |
Dividend yield contribution
Monthly dividends in GBP
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 8.94% |
| Volatility 3 years | 9.88% |
| Volatility 5 years | 9.47% |
| Return per risk 1 year | 0.54 |
| Return per risk 3 years | 0.63 |
| Return per risk 5 years | 0.34 |
| Maximum drawdown 1 year | -6.26% |
| Maximum drawdown 3 years | -16.09% |
| Maximum drawdown 5 years | -16.23% |
| Maximum drawdown since inception | -16.23% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| gettex | EUR | IS3L | - - | - - | - |
| Stuttgart Stock Exchange | EUR | IS3L | - - | - - | - |
| Bolsa Mexicana de Valores | MXN | - | ERNDN MM | ERNDN.MX | |
| Euronext Amsterdam | EUR | ERND | ERND NA INAVRNDE | ERND.AS X2CLINAV.DE | |
| London Stock Exchange | USD | ERND | ERND LN INAVRNDU | ERND.L X2CQINAV.DE | |
| London Stock Exchange | GBP | ERNU | ERNU LN INAVRNDG | ERNU.L X2CNINAV.DE | |
| SIX Swiss Exchange | CHF | ERND | ERND SE INAVRNDC | ERND.S X2CMINAV.DE | |
| XETRA | EUR | IS3L | IS3L GY INAVRNDE | IS3L.DE X2CLINAV.DE |
Further information
Further ETFs on the iBoxx® USD Liquid Investment Grade Ultrashort index
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 1,241 | 0.09% p.a. | Accumulating | Sampling |
Frequently asked questions
What is the name of ERND?
The name of ERND is iShares USD Ultrashort Bond UCITS ETF.
What is the ticker of iShares USD Ultrashort Bond UCITS ETF?
The primary ticker of iShares USD Ultrashort Bond UCITS ETF is ERND.
What is the ISIN of iShares USD Ultrashort Bond UCITS ETF?
The ISIN of iShares USD Ultrashort Bond UCITS ETF is IE00BCRY6227.
What are the costs of iShares USD Ultrashort Bond UCITS ETF?
The total expense ratio (TER) of iShares USD Ultrashort Bond UCITS ETF amounts to 0.09% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
What's the fund size of iShares USD Ultrashort Bond UCITS ETF?
The fund size of iShares USD Ultrashort Bond UCITS ETF is 458m GBP. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.