Cheapest Bloomberg Spain Government Bond Total Return ETF

Spain Government · Spain · bond

4 UCITS ETFs in our catalogue track Bloomberg Spain Government Bond Total Return. The lowest ongoing charge is 0.20% a year, from iShares Spain Govt Bond UCITS ETF (IE00B428Z604). Ongoing charges across all 4 funds range from 0.20% to 0.22%.

The cheapest fund overall may not be the one you can swap into. A distributing fund is not a like-for-like replacement for an accumulating one, and a synthetic fund carries swap counterparty risk that a physical one does not. The tables below are grouped so you compare within a variant, not across.

Distributing · physical replication

2 funds · cheapest first · cost shown for a €10,000 holding

FundIssuerReplicationDomicileTERPer €10,000
iShares Spain Govt Bond UCITS ETF
IE00B428Z604 · IS0P
iSharesPhysicalIE0.20%20
iShares Spain Govt Bond UCITS ETF
IE000Q4EBLW2 · SPPB
iSharesPhysicalIE0.22%22

Accumulating · physical replication

2 funds · cheapest first · cost shown for a €10,000 holding

FundIssuerReplicationDomicileTERPer €10,000
iShares Spain Govt Bond UCITS ETF
IE0004LCA3I5 · SPGA
iSharesPhysicalIE0.20%20
iShares Spain Govt Bond UCITS ETF
IE00BFMM8Y81 · SPEH
iSharesPhysicalIE0.22%22

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Figures verified on 6 September 2026 against issuer publications.

Ongoing charge (TER) only. Spread, tracking difference, securities lending and broker fees are not included, and a different fund domicile can change the dividend withholding tax leaking out of the fund. Educational information, not investment advice. We carry no affiliate links and no sponsored placements.