ISHARES CORE UK GILTS UCITS ETF

The asset is the iShares Core UK Gilts UCITS ETF, which tracks an index of sterling‑denominated UK government bonds (gilts) and trades under the symbol 2B7M on the Hamburg Stock Exchange. ## Basic details - Full name: iShares Core UK Gilts UCITS ETF. - Primary benchmark: FTSE Actuaries UK Conventional Gilts All Stocks Index, giving broad exposure to conventional UK government bonds across maturities. - Legal structure: UCITS ETF domiciled in Ireland, with fund currency in GBP. - Income treatment: Distributing share class, typically paying income semi‑annually. ## Costs and structure - Total expense ratio (ongoing charge): about 0.07% per year, which is low for a government bond ETF. - Replication: Physical, using a sampled portfolio of gilts to match the index characteristics. - Strategy: Long‑only, unhedged exposure to UK gilts (no currency hedging against GBP). ## Portfolio characteristics - Asset class: Fixed income (UK government bonds only), with no corporate credit exposure. - Weighted average maturity: around 11 years, implying meaningful interest‑rate sensitivity. - Effective duration: about 7.5 years, so the fund’s price is quite sensitive to moves in UK gilt yields. - Number of holdings: roughly mid‑60s, covering a wide range of individual gilt issues. ## Yield and income - Trailing 12‑month distribution yield is around 4–4.5%, reflecting current UK gilt yields. - Distributions are in GBP and depend on prevailing gilt coupons and yields, so they can vary over time. ## Example holdings and risk - Largest positions are conventional UK gilts such as 4.75% Treasury Gilt 2030, 4.25% Treasury Gilt 2032, and other medium‑ and long‑dated UK government bonds, each typically with low single‑digit weights. - Credit risk is low because the portfolio is almost entirely UK government bonds, but interest‑rate risk is moderate to high due to its duration. ## Key facts snapshot | Aspect | Key detail | |---------------------|---------------------------------------------------------------------------| | Asset class | UK government bond ETF (gilts only) | | Benchmark | FTSE Actuaries UK Conventional Gilts All Stocks Index | | Domicile | Ireland, UCITS structure | | Trading currency | Primarily GBP; 2B7M line is on Hamburg Stock Exchange in EUR terms | | Ongoing charges | About 0.07% per year | | Duration / maturity | Effective duration ~7.5 years; avg maturity ~11 years | | Income | Distributing, usually semi‑annual payments in GBP | If you share what you need next (for example current price, past performance over a specific period, or role in a portfolio), the information can be framed more specifically for your situation.