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
5 Years change: -1.22% (£1.24)
| Date | Close | Volume |
|---|---|---|
| Apr 10 | £100.79 | 93,485 |
| Apr 09 | £100.76 | 312,852 |
| Apr 08 | £100.66 | 115,550 |
| Apr 07 | £100.59 | 165,973 |
| Apr 02 | £100.64 | 51,795 |
| Apr 01 | £100.66 | 217,142 |
| Mar 31 | £100.60 | 53,287 |
| Mar 30 | £100.57 | 62,860 |
| Mar 27 | £100.59 | 270,832 |
| Mar 26 | £100.50 | 43,878 |
| Mar 25 | £100.49 | 43,366 |
| Mar 24 | £100.60 | 358,741 |
| Mar 23 | £100.50 | 96,679 |
| Mar 20 | £100.39 | 85,213 |
| Mar 19 | £100.42 | 76,013 |
| Mar 18 | £101.49 | 44,718 |
| Mar 17 | £101.61 | 38,787 |
| Mar 16 | £101.52 | 42,735 |
| Mar 13 | £101.59 | 59,568 |
| Mar 12 | £101.57 | 49,547 |