London Stock Exchange ETF segment · UCITS ETF
Invest in IUGA ETF from India
Indian and foreign residents can buy iShares US Aggregate Bond UCITS ETF (IUGA) units directly through Paasa.
By Paasa · Updated
IUGA at a glance
- Price
- £4.14-£0.00 (0.08%)
- Expense ratio
- 0.3%
- Day range
- £4.14 – £4.15
- Assets
- £38.7M
- Domicile
- Ireland
- Holdings
- 10,256
- Launched
- 2018
- Dividends
- Distributing
- 1 month
- -3.07%
- 6 months
- -4.42%
- YTD
- -5.29%
- 1 year
- -5.94%
- 5 years
- -20.10%
Price change, excluding dividends.
Top 10 holdings
- 1BLK ICS USD LEAF AGENCY DIST4.0%
- 2FNMA 30YR UMBS 2.00% 07/01/2051 (FNMA4378)1.3%
- 3FHLMC 30YR UMBS SUPER 2.50% 04/01/2051 (FRSD8141)0.8%
- 4FNMA 30YR UMBS 2.00% 02/01/2052 (FNBU9929)0.7%
- 5GNMA2 30YR 2021 PRODUCTION 2.50% 02/20/2051 (G2MA7193)0.6%
- 6GNMA2 30YR 2021 PRODUCTION 2.00% 10/20/2051 (G2MA7648)0.4%
- 7TREASURY NOTE (2OLD) 4.13% 02/15/2036 (TNOTE)0.4%
- 8TREASURY NOTE 4.25% 11/15/2034 (TNOTE)0.4%
- 9TREASURY NOTE 4.00% 11/15/2035 (TNOTE)0.4%
- 10TREASURY NOTE 4.38% 05/15/2034 (TNOTE)0.4%
IUGA holds 10,256 securities in total. These 10 are 9.5% of the fund.
Where the money is invested
Countries
- United States68.1%
- Other22.8%
- Ireland4.0%
- Canada1.0%
- United Kingdom0.8%
- Japan0.5%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| IUAALSEiShares US Aggregate Bond UCITS ETF | 0.25% | 4.3B |
| IUAGLSEiShares US Aggregate Bond UCITS ETF | 0.25% | 1.2B |
| IUAELSEiShares US Aggregate Bond UCITS ETF | 0.3% | 360.0M |
Assets are shown in each fund's own reporting currency.
How to invest in IUGA from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to GBP when you buy.
Step 3
Search IUGA and buy
Find the fund by its ticker, IUGA, on the London Stock Exchange ETF segment, and place your order.
Why invest in IUGA from India
What IUGA holds
This share class endeavors to replicate the returns of an index consisting of high-quality bonds, denominated in US Dollars, originating from government entities, government-backed organizations, corporations, and securitized assets.
Outside US estate tax
IUGA is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Why IUGA's UCITS structure matters for Indian investors
IUGA is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy IUGA from India?
Yes. Indian residents can buy iShares US Aggregate Bond UCITS ETF (IUGA) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does IUGA invest in?
iShares US Aggregate Bond UCITS ETF holds 10,256 securities. Its largest holdings are BLK ICS USD LEAF AGENCY DIST (4.0%), FNMA 30YR UMBS 2.00% 07/01/2051 (FNMA4378) (1.3%) and FHLMC 30YR UMBS SUPER 2.50% 04/01/2051 (FRSD8141) (0.8%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of IUGA?
iShares US Aggregate Bond UCITS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about £38.7M.
Is IUGA a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares US Aggregate Bond UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
How are IUGA dividends taxed in India?
iShares US Aggregate Bond UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell IUGA?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the GBP/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.