ERNS
iShares GBP Ultrashort Bond UCITS ETF GBP (Dist)
ETF • LSE • GBP
Basic Information
iShares GBP Ultrashort Bond UCITS ETF (LSE: ERNS) aims to track the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index and provides exposure to short‑dated, investment‑grade GBP‑denominated bonds. The fund physically holds a diversified portfolio of short‑maturity corporate, supranational and bank debt, typically with a weighted average maturity around 0.9 years and a weighted average yield to maturity near 4.3% as of early April 2026. Its total expense ratio is 0.09% and it distributes income quarterly. Returns are driven mainly by short‑term UK interest rates and credit spread movements across investment‑grade issuers; income and modest price changes reflect coupon receipts and low duration sensitivity. The ETF is commonly used as a cash alternative or short‑term core bond sleeve to reduce portfolio volatility, while remaining exposed to issuer credit risk and potential liquidity stress in adverse market conditions.
Top holdings:
- KFW: 4.01%
- LLOYDS BANK PLC: 3.95%
- SANTANDER UK PLC: 3.91%
- EUROPEAN INVESTMENT BANK: 3.87%
- BANK OF NOVA SCOTIA: 3.26%
- ROYAL BANK OF CANADA: 3.07%
- BANK OF MONTREAL: 2.93%
- CANADIAN IMPERIAL BANK OF COMMERCE: 2.57%
Price History
3 Months change: -0.18% (£0.19)
| Date | Close | Volume |
|---|---|---|
| May 18 | £101.21 | 27,921 |
| May 15 | £101.09 | 76,205 |
| May 14 | £101.22 | 31,739 |
| May 13 | £101.31 | 77,183 |
| May 12 | £101.08 | 47,088 |
| May 11 | £101.11 | 40,183 |
| May 08 | £101.07 | 90,179 |
| May 07 | £101.10 | 61,173 |
| May 06 | £101.02 | 56,833 |
| May 05 | £101.10 | 78,278 |
| May 01 | £101.08 | 72,198 |
| Apr 30 | £100.95 | 25,462 |
| Apr 29 | £101.00 | 26,273 |
| Apr 28 | £101.00 | 58,498 |
| Apr 27 | £100.91 | 75,390 |
| Apr 24 | £100.98 | 64,796 |
| Apr 23 | £100.96 | 41,878 |
| Apr 22 | £100.85 | 32,468 |
| Apr 21 | £100.89 | 40,512 |
| Apr 20 | £100.89 | 54,449 |