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ERNA ETF · iShares $ Ultrashort Bond UCITS ETF
The ERNA Exchange Traded Fund (ETF) is provided by iShares. It is built to track an index: Markit iBoxx USD Liquid Investment Grade Ultrashort Index. The ERNA ETF provides physical exposure, so by buying it you actually own parts of all the 854 underlying holdings. The dividend policy is capitalization.
Share class
Acc
USD
Last update 4/2/2026, 7:00 AM UTC
LIVE
CLOSED
This fund is part ofUSD Corp IG Bonds1M perf.-1.02%
Last price
$6.32
1M perf.
+0.24%
1M flows
+€44M
AuM
€1.54B
E/R
0.09%
Rating
ESG Consensus®
ERNA
$6.32
Performance & flows
Segment for quartile rank
January 2, 2026 → April 2, 2026
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ERNA
$6.32
+0.86%
USD Corp IG Bonds
+0.01%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.24%  | +0.86% | +4.37%  | +16.48%  | +19.52% | +0.09% | +0.09% | +0.87% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
4/2/2026
$6.32
1D NAV change
+0.03%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
854
Inception date
7/3/2018
Jurisdiction
Ireland
Distribution
Portugal
Saudi Arabia (Qualified Investor)
Germany
France
Netherlands
Legal structure
Open-end Investment Company
Base currency
USD
Classification
Product type
Benchmark
Markit iBoxx USD Liquid Investment Grade Ultrashort Index
Asset class
Factors
N/A
Share class info
USD capitalizing
Total AuM of fund
€2.09B
Decimalisation of shares
No
Investment strategy
The Fund seeks to track the performance of an index composed of US Dollar denominated investment grade corporate bonds.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.86% | +4.37%  | +16.48% | +19.52% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
69.05%
Canada
5.28%
Australia
4.44%
Japan
4.27%
Ireland
4.27%
United Kingdom
4.23%
Germany
2.67%
France
2.09%
Switzerland
1.03%
Other
3.14%
Sectors
Banks
30.21%
Insurance and reinsurance
4.65%
Pharmaceutical preparation and biotechnology
3.86%
Other financial institutions
3.70%
Motor vehicle production
3.55%
Power
3.29%
Financial markets
3.19%
Leasing and rental
3.04%
Unavailable
10.32%
Other
34.18%
Diversification
Total weight of top 15 holdings out of 854
Top 15 holdings
Data as of February 28, 2026
IE00BK8MB266
Microsoft, 2.4% 8aug2026, USD
AbbVie, 2.95% 21nov2026, USD
Wells Fargo, 3% 23oct2026, USD
Aercap Holdings, 2.45% 29oct2026, USD
Wells Fargo, 3% 22apr2026, USD (N)
IBM, 3.3% 15may2026, USD
Citigroup, 3.2% 21oct2026, USD
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Oracle, 2.65% 15jul2026, USD
Goldman Sachs, 3.85% 26jan2027, USD (D)
JPMorgan Chase Bank, 5.11% 8dec2026, USD (25)
Morgan Stanley, 3.625% 20jan2027, USD (I)
AT&T Inc, 1.7% 25mar2026, USD
NTT Finance Corporation, 1.162% 3apr2026, USD
JP Morgan, 2.95% 1oct2026, USD
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about ERNA ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
ERNA’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
65.26% of holdings have positive scoring
34.28% of holdings have negative scoring
34.46%
27.14%
6.97%
20.57%
6.75%
Consensus levels
Strong
Medium
Weak
No data on remaining < 1% of holdings
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
Markit iBoxx USD Liquid Investment Grade Ultrashort Total Return Index - USD
Index ticker
IBXXUSU1 Index
Index dividend policy
GTR
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
iShares
iShares ID Card
Number of funds
1733
Total AuM
€4.91T
Expense ratio range
0.03% - 1.51%
Average expense ratio
0.2839%
Top 5 funds by iShares
| AuM | ||
|---|---|---|
IVV | iShares Core S&P 500 ETF | €629.43B |
IEFA | iShares Core MSCI EAFE ETF | €148.47B |
AGG | iShares Core U.S. Aggregate Bond ETF | €118.75B |
IEMG | iShares Core MSCI Emerging Markets ETF | €117.32B |
CSSPX | iShares Core S&P 500 UCITS ETF | €111.03B |
Frequently asked questions about ERNA
What does iShares $ Ultrashort Bond UCITS ETF, ERNA, invest in?
ERNA is a Passive ETF. This ETF provides exposure to Developed markets Investment Grade Corporate Bonds.
Which benchmark or index does ERNA replicate?
ERNA tracks the Markit iBoxx USD Liquid Investment Grade Ultrashort Total Return Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of ERNA?
ERNA carries a total expense ratio (TER) of 0.09%, indicating the annual cost for holding the fund.
When was ERNA launched?
ERNA was introduced to the market on July 3, 2018. It trades on Portugal, among other exchanges
Who is the ETF issuer of ERNA?
iShares $ Ultrashort Bond UCITS ETF, ERNA, is provided by iShares. Learn more about iShares here.
Does ERNA have multiple share classes?
Yes, ERNA is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of ERNA?
ERNA oversees €1.54B in assets as of April 2, 2026.
How has ERNA performed lately?
Based on data from April 2, 2026, ERNA returned 0.24% over the past month, 0.86% over the last three months and 0.87% year-to-date.
What are the latest inflows or outflows for ERNA?
As of April 2, 2026, ERNA recorded net flows of +€45M over the last month and -€54M year-to-date.
Does ERNA distribute dividends?
ERNA follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of ERNA?
As of February 28, 2026, ERNA has significant geographic allocations in USA, Canada and Australia.
In which sector or theme does ERNA invest in?
As of February 28, 2026, ERNA focuses largely on Banks, Insurance and reinsurance and Pharmaceutical preparation and biotechnology.
How many securities does ERNA hold and how diversified is it?
As of February 28, 2026, ERNA holds 854 positions in its portfolio, with 9.60% of assets concentrated in its top 15 holdings.
What are the main positions in ERNA?
As of February 28, 2026, ERNA top three holdings include IE00BK8MB266, Microsoft, 2.4% 8aug2026, USD and AbbVie, 2.95% 21nov2026, USD.
What is the base currency of ERNA?
The base currency of ERNA is USD.
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