iShares US Mortgage Backed Securities UCITS ETF

iShares US Mortgage Backed Securities UCITS ETF

About

iShares US Mortgage Backed Securities UCITS ETF (IE00BKP5L409) is a UCITS-compliant bond ETF tracking the Bloomberg U.S. MBS Index. With a TER of 0.3%, it is moderately priced, reinvesting dividends. The fund holds 595 positions across 1 region with 26M in assets.

ISIN
Fund Size €26.5M
Issuer iShares
Distribution Re-Invests Dividends
Replication Physical
Inception Nov 2019
Base Currency EUR
Index Bloomberg U.S. MBS Index
Asset Class Bonds
Category Securitized Bond

Costs

8.2
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

6.9
This fund holds 595 individual investments, offering moderate diversification compared to other ETFs.
#1
FHLMC 30YR UMBS
0.09%
#2
BLK ICS USD LEAF AGENCY DIST
0.07%
#3
FNMA 30YR UMBS
0.05%
#4
FNMA 30YR UMBS
0.03%
#5
FNMA 30YR UMBS
0.02%
#6
GNMA2 30YR 2021 PRODUCTION
0.02%
#7
FNMA 30YR UMBS
0.02%
#8
GNMA2 30YR 2021 PRODUCTION
0.02%
#9
FNMA 30YR UMBS
0.02%
#10
FNMA 30YR UMBS
0.02%

Sectors

1.0
This fund is concentrated in just a few of its 2 sectors, reducing diversification.

Regions

4.8
This fund is concentrated in just 2 countries, with significant geographic concentration.

Nerd Stuff

Advanced risk and return metrics (2023-06-04 — 2026-05-29).
4.4%
Volatility
-8.2%
Max Drawdown
-0.25
Sharpe Ratio
-0.35
Sortino Ratio
-0.13
Calmar Ratio
0.01
Beta
-0.19%
Alpha (Jensen's)
0.001
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
Trade Republic
Trade
€1.00
Savings Plan
Free
Account
Free
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

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