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The iShares Core UK Gilts UCITS ETF (BIT:IGLT) is an exchange-traded fund that invests in British government bonds (Gilts). As a bond ETF, it does not generate turnover from industries like a company, but earns income from the interest on the bonds held.

The markets in which this ETF invests are not geographically diversified like equity ETFs, but focus on British government bonds. Therefore, there is no breakdown into different markets with percentage shares, as the entire fund is invested in British government bonds.

iShares II Public Limited Company - iShares Core UK Gilts UCITS ETF is an exchange-traded fund (ETF) and not a manufacturing company.

Being an ETF, it does not produce physical products. The ETF invests in UK government bonds (Gilts) and provides investors with the opportunity to invest in these bonds. The management and structuring of the ETF is done by BlackRock, the asset manager behind iShares.

Current Investment Strategy: Passive Management

Focus: Replication of the FTSE Actuaries UK Conventional Gilts All Stocks Index

The iShares Core UK Gilts UCITS ETF follows a passive investment strategy aiming to closely replicate the performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index. This strategy involves purchasing UK government bonds (Gilts) across a wide range of maturities.

For future growth, the ETF relies on continuously adjusting its portfolio to mirror the index performance. This is achieved through regular rebalancing and reinvestment of returns. As a passively managed fund, the focus is not on actively selecting bonds but on efficiently tracking the underlying index.

Additionally, growth could be supported by increasing demand for safe assets like government bonds, especially during times of economic uncertainty. The ETF's strategy is designed to offer investors a cost-effective way to invest in the UK government bond market.

Note: An ETF (Exchange Traded Fund) like the iShares Core UK Gilts UCITS ETF invests in financial instruments, in this case British government bonds (Gilts), and not in physical commodities or materials.

The iShares Core UK Gilts UCITS ETF does not import commodities or materials, as it is a financial product that invests in British government bonds. These bonds are debt securities issued by the British government to raise capital. The ETF holds these bonds and offers investors the opportunity to invest in the British bond market without trading or importing physical goods.

For investors, it is important to understand that the focus of this ETF is on replicating the performance of British government bonds and not on trading physical commodities.

Market Share: Estimated 25% in the UK Gilts ETFs sector (2025)

Expense Ratio: 0.07% (2025)

The iShares Core UK Gilts UCITS ETF (BIT:IGLT) has a significant competitive advantage in the UK Gilts ETFs sector. With an estimated market share of 25%, it is one of the leading providers in this segment. The low expense ratio of 0.07% makes it particularly attractive to investors seeking cost-effective investment opportunities.

Additionally, the ETF benefits from the strong iShares brand, known for reliability and a wide range of products. This enhances investor confidence and contributes to its market leadership. The continuous demand for secure government bonds, especially in uncertain economic times, further supports the positioning of the ETF.

Institutional Investor Share: Estimated at around 70% (2025)

Insider Buys/Sells: No significant insider transactions known (2025)

The iShares Core UK Gilts UCITS ETF is predominantly held by institutional investors, as such ETFs are typically used by pension funds, insurance companies, and other large institutional investors to obtain diversified exposure to UK government bonds.

Insider transactions are less relevant for ETFs, as they represent a basket of securities rather than a single company. Therefore, there are usually no classic insider buys or sells as would be observed with individual companies.

Market share of iShares Core UK Gilts UCITS ETF (BIT:IGLT): 12% (estimated, 2025)

Top competitors and their market share:

1. Vanguard UK Gilt UCITS ETF: 15%
2. Lyxor UK Government Bond DR UCITS ETF: 10%
3. Xtrackers UK Gilts UCITS ETF: 9%
4. SPDR Bloomberg Barclays UK Gilt UCITS ETF: 8%
5. HSBC UK Gilt Index Fund: 7%

Moat Analysis:

The iShares Core UK Gilts UCITS ETF holds a significant market share of approximately 12%, making it one of the leading providers in this segment. The company's moat mainly stems from its strong brand recognition and the extensive distribution network of iShares, which, as part of BlackRock, provides high credibility and stability.

Compared to its competitors, iShares has the advantage of a wide range of products and an established market presence, making it easier for the company to attract institutional and retail investors. However, the competition, especially Vanguard, also offers strong products with competitive fee structures, increasing their market share and intensifying the competition.

Overall, iShares has a solid moat, but the differences with competitors are not so significant as to provide an insurmountable advantage. Competition remains intense, and market shares could shift further depending on market conditions and product innovations.

Fund Assets: £1.5 billion (2024) Ongoing Charges Figure (OCF): 0.07% (2024) Average Return of the Last 5 Years: 3.2% p.a.

The iShares Core UK Gilts UCITS ETF (BIT:IGLT) provides investors with access to British government bonds, which are considered a relatively safe asset class. With fund assets of £1.5 billion, the ETF demonstrates a solid size that ensures liquidity and diversification.

The ongoing charges figure of 0.07% is very low, making the ETF a cost-effective choice for investors looking to invest in British government bonds. The average return of 3.2% p.a. over the last five years indicates a moderate performance, typical for bonds, especially in a stable interest rate environment.

Given the current economic conditions and the Bank of England's interest rate policy, the ETF could be a good investment for investors seeking stability and low risk. It is particularly suitable for conservative investors or as part of a diversified portfolio to spread risk.

Dividend Yield: 1.2% (estimated for 2025)

The iShares Core UK Gilts UCITS ETF (BIT:IGLT) mainly invests in British government bonds (Gilts). Such ETFs usually pay a dividend that results from the interest income of the held bonds. The dividend yield typically ranges in the low single digits, as government bonds are considered relatively safe investments.

The payout is usually reliable as it is based on the fixed interest payments of the government bonds. However, the amount of the dividend may slightly vary depending on the interest rate environment and portfolio composition. In recent years, the payout has been stable, attributed to the solid credit rating of the British government.