Bonds and cash-like
Money market and short-term funds
Very short-term loans and money-market funds that aim to follow interest rates with little price movement.
Go to the 44 funds- Funds with a price
- 44
- Typical ongoing charge
- 0.10% a year · £10 on £10,000
- Lowest ongoing charge
- 0.05% a year
How to compare cash-like and short-term funds
What differs from one fund to the next. None of it says which fund to choose.
- What it follows
- The index a tracker copies, or the strategy a manager follows. Two funds on the same index hold much the same companies. Index funds
- Ongoing charge
- Taken from the fund’s value every year. 0.20% is about £20 a year on £10,000, before any platform fee. Ongoing charges figure
- Income
- Accumulating share classes reinvest income inside the fund; distributing ones pay it out as cash. Accumulating or distributing
- Currency
- Hedged share classes aim to take out currency moves against the pound; unhedged ones keep them. Currency hedging
- Returns after inflation
- Past returns with UK inflation (CPIH) taken out, dated and sourced. They say nothing certain about the future. How real returns are worked out
- Holdings overlap
- How much of two funds is the same companies at the same weights. A high figure means owning both is close to owning one. Compare two funds
Specific to cash-like and short-term funds: These funds aim for little price movement, but they are not bank deposits and are not covered by the FSCS deposit guarantee.
Funds (44)
All 44 cash-like and short-term funds, ordered by fund size, largest first. An order is not a ranking of quality.
| Fund | Charge | 1 year | 5 years | 5y real (return over 5 years after inflation) | Size |
|---|---|---|---|---|---|
| 0DMTXtrackers II EUR Overnight Rate Swap UCITS ETFXtrackersLU0290358497ETFISASIPP | 0.10% | −2.8% | +8.8% | −15.1% | £20bn |
| IB01iShares $ Treasury Bond 0-1yr UCITS ETF USD (Accumulating)iSharesIE00BGSF1X88ETFISASIPP | 0.07% | +1.9% | +20.8% | −5.7% | £15bn |
| 0E2BAmundi Smart Overnight Return UCITS ETF C EUR CapitalisationAmundiLU1190417599ETFISASIPP | 0.10% | −2.4% | +10.1% | −14.1% | £6.2bn |
| 0A24iShares USD Treasury Bond 0-1yr UCITS ETF AccumHedged MXNiSharesIE00BJ5JMP33ETFISASIPP | 0.10% | +4.3% | +73.5% | +35.5% | £5.0bn |
| FLOAiShares USD Floating Rate Bond UCITS ETF USDiSharesIE00BDFGJ627ETFISASIPP | 0.10% | +2.5% | +26.0% | −1.7% | £3.2bn |
| ERN1iShares EUR Ultrashort Bond UCITS ETFiSharesIE00BCRY6557ETFISASIPP | 0.09% | −2.8% | +9.7% | −14.4% | £2.8bn |
| CSHDAmundi EUR Overnight Return UCITS ETF -Acc-AmundiFR0010510800ETFISASIPP | 0.10% | −2.7% | +8.3% | −15.4% | £2.8bn |
| ERNSiShares GBP Ultrashort Bond UCITS ETFiSharesIE00BCRY6441ETFISASIPP | 0.09% | +4.1% | +0.6% | −21.5% | £2.0bn |
| CSH2Amundi Smart Overnight Return UCITS ETF C-GBP- CapitalisationAmundiLU1230136894ETFISASIPP | 0.10% | Not available | Not available | Not available | £2.0bn |
| VDSTVanguard U.S. Treasury 0-1 Year Bond UCITS ETF USDVanguardIE00BLRPPV00ETFISASIPP | 0.05% | +1.8% | +20.3% | −6.1% | £2.0bn |
| SMTCAmundi Smart Overnight Return UCITS ETF C USD CapitalisationAmundiLU1248511575ETFISASIPP | 0.10% | +2.4% | +23.9% | −3.3% | £1.9bn |
| ERNAiShares USD Ultrashort Bond UCITS ETF AcciSharesIE00BGCSB447ETFISASIPP | 0.09% | +2.0% | +23.0% | −4.0% | £1.8bn |
| 0MP3iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) EUR (Dist) AnteileiSharesDE000A0Q4RZ9ETFISASIPP | 0.13% | −3.0% | +5.8% | −17.4% | £1.6bn |
| CSGBBNP PARIBAS EASY SICAV - EUR Overnight -UCITS ETF- CapitalisationBNP ParibasLU3025345516ETFISASIPP | 0.05% | −2.2% | Not available | Not available | £820m |
| 0ACSSSgA SPDR ETFs Europe I Plc - Blmb. 1-3 Month T-Bill ETFSPDRIE00BJXRT698ETFISASIPP | 0.06% | +1.9% | +21.2% | −5.4% | £749m |
| 0A0AiShares USD Floating Rate Bond UCITS ETF Accum Hedged MXNiSharesIE00BDDRDZ46ETFISASIPP | 0.15% | +4.9% | +80.1% | +40.6% | £508m |
| ERNUiShares USD Ultrashort Bond UCITS ETFiSharesIE00BCRY6227ETFISASIPP | 0.09% | +1.7% | +23.3% | −3.8% | £507m |
| IBTUiShares $ Treasury Bond 0-1yr UCITS ETF Ptg Shs USDiSharesIE00BGR7L912ETFISASIPP | 0.07% | +1.9% | +20.8% | −5.7% | £442m |
| FLO5iShares USD Floating Rate Bond UCITS ETF Unhedged USDiSharesIE00BZ048462ETFISASIPP | 0.10% | +2.1% | +26.3% | −1.4% | £413m |
| 0MPWDeka Deutsche Boerse EUROGOV Germany Money Market UCITS ETFDekaDE000ETFL227ETFISASIPP | 0.10% | −3.0% | +0.1% | −21.9% | £399m |
| BBLLJPMorgan ETFs (IE) ICAV - BetaBuilders US Treas. Bd. 0-1Y ETFJPMorganIE00BJK3WF00ETFISASIPP | 0.07% | +2.1% | +21.1% | −5.4% | £353m |
| UESDiShares IV Public Limited Company - iShares UltraShort Bond ESG SRI UCITS ETF GBPiSharesIE00BJP26F04ETFISASIPP | 0.09% | +4.1% | +0.5% | −21.5% | £340m |
| XFFEXtrackers II USD Overnight Rate Swap UCITS ETF -1C- CapitalisationXtrackersLU0321465469ETFISASIPP | 0.10% | +1.9% | +21.6% | −5.1% | £299m |
| XSTRXtrackers II GBP Overnight Rate Swap UCITS ETF 1D DistributionXtrackersLU0321464652ETFISASIPP | 0.10% | +3.7% | 0.0% | −21.9% | £202m |
| XT01Xtrackers US Treasuries Ultrashort Bond UCITS ETF Accum-1C- USDXtrackersIE00BM97MR69ETFISASIPP | 0.07% | +2.0% | +20.5% | −5.9% | £163m |
| TFRPWisdomTree USD Floating Rate Treasury Bond UCITS ETF USD AccWisdomTreeIE00BJJYYX67ETFISASIPP | 0.15% | +1.8% | +22.6% | −4.3% | £155m |
| T1APInvesco US Treasury Bond 0-1 Year UCITS ETF Acc USDInvescoIE00BKWD3D06ETFISASIPP | 0.06% | +1.5% | +20.0% | −6.4% | £134m |
| ERANiShares GBP Ultrashort Bond UCITS ETF AccumGBPiSharesIE000V5JWFM0ETFISASIPP | 0.09% | Not available | Not available | Not available | £111m |
| CLPPGlobal X 1-3 Month T-Bill UCITS ETF USDGlobal XIE000GSIFIB0ETFISASIPP | 0.20% | +1.5% | Not available | Not available | £100m |
| FEDGMulti Units LU - Amundi Fed Funds US Dollar CashAmundiLU1233598447ETFISASIPP | 0.10% | +1.5% | +22.0% | −4.8% | £98.7m |
| TIGBInvesco US Treasury Bond 0-1 Year UCITS ETF Hedged GBPInvescoIE00BKWD3F20ETFISASIPP | 0.13% | +3.6% | +7.2% | −16.3% | £75.7m |
| FLOSiShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)iSharesIE00BF7TPM11ETFISASIPP | 0.12% | +4.3% | +0.7% | −21.4% | £75.1m |
| 0FLEiShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)iSharesIE00BF11F458ETFISASIPP | 0.12% | −2.4% | Not available | Not available | £52.9m |
| TRISInvesco US Treasury Bond 0-1 Year UCITS ETF USDInvescoIE00BKWD3C98ETFISASIPP | 0.06% | +1.5% | +0.1% | −21.9% | £47.3m |
| USFRWisdomTree USD Floating Rate Treasury Bond UCITS ETF USDWisdomTreeIE00BJFN5P63ETFISASIPP | 0.15% | +2.1% | +22.3% | −4.5% | £42.7m |
| GBPOUBS (Irl) Fund Solutions PLC - GBP Overnight Rate SF UCITS ETF Accum A GBPUBSIE000WNEYKM1ETFISASIPP | 0.05% | +3.7% | Not available | Not available | £36.2m |
| PR1TAmundi US Treasury Bond 0-1 Y Shs -ETF DR- CapitalisationAmundiLU2182388665ETFISASIPP | 0.05% | +1.8% | +19.6% | −6.6% | £14.9m |
| USDOUBS (Irl) Fund Solutions PLC - USD Overnight Rate SF UCITS ETF Accum A USDUBSIE000QVOGR82ETFISASIPP | 0.05% | +1.8% | Not available | Not available | £14.0m |
| DCSHiShares USD Overnight Rate Swap UCITS ETF Accum- USDiSharesIE00069Q7MY9ETFISASIPP | 0.10% | Not available | Not available | Not available | £6.8m |
| GONSInvesco GBP Overnight Return Swap UCITS ETFInvescoIE0006N7AK90ETFISASIPP | 0.10% | +3.6% | Not available | Not available | £6.0m |
| SHORFranklin US Treasury 0-1 Year UCITS ETF Acc USDFranklinIE000E02WFD5ETFISASIPP | 0.18% | +1.2% | Not available | Not available | £4.5m |
| SCSHiShares GBP Overnight Rate Swap UCITS ETF Accum- GBPiSharesIE0006H7HTU4ETFISASIPP | 0.10% | Not available | Not available | Not available | £3.9m |
| Vanguard Sterling Short-Term Money Market Fund IncVanguardGB00BGB6GZ57OEICISASIPP | 0.12% | Not available | Not available | Not available | Not available |
| Vanguard Sterling Short-Term Money Market Fund AccVanguardGB00BFYDWM59OEICISASIPP | 0.12% | Not available | Not available | Not available | Not available |
As of , at least 15 min delayed
Funds by the index they track
Each page lists every UK fund on one index, by name, with charges and share classes. These are the indices most of the cash-like and short-term funds here track.
Questions people ask
What are cash-like and short-term funds?
Very short-term loans and money-market funds that aim to follow interest rates with little price movement.
How many cash-like and short-term funds does Fundology track?
Fundology holds a recorded closing price for 44 UK-listed cash-like and short-term funds open to UK investors. The list changes as funds launch and close.
How much do cash-like and short-term funds cost?
The typical (median) ongoing charge among the cash-like and short-term funds Fundology tracks is 0.10% a year, about £10 a year on every £10,000. The lowest is 0.05%. The charge is taken from the fund’s value rather than billed, and a lower charge does not mean a higher return.
What is worth checking when comparing cash-like and short-term funds?
The index or strategy each fund follows, its ongoing charge, whether it reinvests income or pays it out, currency hedging, its size, and how much its holdings overlap with funds already held.
How is this list ordered?
By fund size, largest first, unless another order is chosen. Size says how widely a fund is held, not how good it is, and no order on this page is a recommendation.
Related groups
Loans to governments and companies, and funds that behave like cash.