The iShares Core UK Gilts UCITS ETF (IGLT) is an Ireland-domiciled fixed-income ETF managed by BlackRock and traded on the London Stock Exchange.

The fund seeks to track the performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index (GBP), a benchmark composed of conventional British government bonds denominated in pounds sterling.

IGLT provides exposure to the UK sovereign debt market through gilts across different maturities. The ETF follows a passive investment strategy and uses physical replication through sampling to track its benchmark. It operates under the UCITS framework and follows a distributing income policy.

The FTSE Actuaries UK Conventional Gilts All Stocks Index represents the market for conventional UK government bonds denominated in pounds sterling. Index-linked gilts are excluded from this universe. 

Composition / Exposure Profile

IGLT primarily provides exposure to:

• Gilts issued by the UK government.

• Sovereign bonds denominated in pounds sterling.

• UK government bonds across different maturities.

The fund's geographic exposure is concentrated in the United Kingdom, as its benchmark consists of British sovereign debt.

Because the portfolio includes gilts across different maturities, its performance is primarily influenced by changes in UK interest rates and movements across the British yield curve. Changes in inflation expectations and Bank of England monetary policy can also affect bond prices.

Structure and Costs

IGLT trades in British pounds on the London Stock Exchange. The British pound is also both the fund's base currency and the share class currency.

The ETF has a total expense ratio (TER) of 0.07% per year and uses a physical structure with a sampling methodology. It is domiciled in Ireland, operates under the UCITS framework, is part of iShares II plc, and is managed by BlackRock Asset Management Ireland Limited.

IGLT is a distributing share class, with income generated by its bond holdings distributed to shareholders semi-annually rather than fully reinvested within the fund.

History and Evolution of the ETF

The iShares Core UK Gilts UCITS ETF (IGLT) was launched in 2006 by BlackRock to provide diversified exposure to the UK conventional government bond market.

Since its launch, the fund has maintained a passive strategy linked to the FTSE Actuaries UK Conventional Gilts All Stocks Index, providing exposure to gilts across different maturities.

Throughout its history, the fund's performance has reflected cycles in the UK fixed-income market, including changes in interest rates, inflation expectations, and Bank of England monetary policy.

Additional Information

iShares Core UK Gilts UCITS (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $2.72 billion.

Over the past 12 months, iShares Core UK Gilts UCITS recorded a return of -0.36%, with its price trading between $12.67 and $17.67 during the same period.

The ETF is traded under the ticker IGLT.