iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is an exchange-traded fund that seeks to track the performance of the FTSE Actuaries UK Conventional Gilts 0-5 Years Index, comprising sterling-denominated UK government bonds with maturities of up to five years; it employs full physical replication by holding the underlying index constituents; the fund distributes income semi-annually and features a total expense ratio of 0.07% p.a.. Launched on April 17, 2009, the ETF is domiciled in Ireland and managed by BlackRock Asset Management Ireland Ltd, a subsidiary of BlackRock, Inc., with headquarters in Dublin, Ireland, and primary listing on the London Stock Exchange. As of late 2025, the fund manages approximately GBP 1.8 billion in assets, serving institutional and retail investors seeking low-duration UK fixed income exposure primarily in Europe. The ETF has maintained its core strategy without major structural changes, acquisitions, or new product launches in the last 1-2 years, focusing instead on steady performance amid UK gilt market volatility.