# iShares USD Treasury Bond 1-3yr UCITS ETF (IBTE) **Source:** https://fundology.uk/fund/ibte · ISIN IE00BDFK1573 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 30/09/2026, IBTE (iShares USD Treasury Bond 1-3yr UCITS ETF, ISIN IE00BDFK1573) closed at €5.05 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 30/09/2026 its total return was −0.9%, or −22.6% after UK CPIH inflation. ## Summary iShares USD Treasury Bond 1-3yr UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the ICE BofA US Treasury Bond (1-3 Y). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **€5.05** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | IBTE | | ISIN | IE00BDFK1573 | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | ICE BofA US Treasury Bond (1-3 Y) | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £793m | | Launched | 2018 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -2.31% | -5.37% | income reinvested | | 3 years | +5.48% | -4.81% | income reinvested | | 5 years | -0.93% | -22.55% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD Treasury Bond 1-3yr UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −0.5%, 2023 −0.1%, 2024 −2.2%, 2025 +8.3%; 2026 to 30/09/2026 −2.8%. Returns of iShares USD Treasury Bond 1-3yr UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.2%; to 30/09/2025: +6.5%; to 30/09/2024: +1.3%; to 30/09/2023: −2.2%; to 30/09/2022: −3.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -0.5% | -8.9% | Price | | 2023 | -0.1% | -4.1% | Price | | 2024 | -2.2% | -5.5% | Price | | 2025 | +8.3% | +4.6% | Price | | 2026 to 30/09/2026 | -2.8% | -5.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.17% | -3.76% | | 3 years | 4.07% | -3.76% | | 5 years | 5.10% | -7.24% | ## Largest fall Volatility of iShares USD Treasury Bond 1-3yr UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 3.2% over 1 year, 4.1% over 3 years, 5.1% over 5 years. Largest fall in the price of iShares USD Treasury Bond 1-3yr UCITS ETF since October 2021, in pounds: −7.2% from 01/10/2021 to 07/07/2023. The lowest 12-month return of iShares USD Treasury Bond 1-3yr UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −9.0% (12 months to 07/01/2022); the highest was +9.2% (12 months to 14/11/2025). On 30/09/2026 the price of iShares USD Treasury Bond 1-3yr UCITS ETF was 3.8% below its highest weekly close since October 2021 (14/11/2025), in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD Treasury Bond 1-3yr UCITS ETF 0.10% a year, as of 01/10/2026: 161 of the 274 other government bond funds charge more, 37 the same and 76 less (share classes counted once). ## Funds tracking the same index 4 funds track ICE BofA US Treasury Bond (1-3 Y), this one included and share classes counted once; their ongoing charges range from 0.07% to 0.10% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares USD Treasury Bond 1-3yr UCITS ETF (this fund) | 0.10% | -2.3% | +5.5% | -0.9% | | iShares USD Treasury Bond 1-3yr UCITS ETF | 0.10% | +1.6% | +12.1% | +7.7% | | iShares USD Treasury Bond 1-3yr UCITS ETF AccumHedged GBP | 0.10% | +1.6% | — | — | | iShares VII plc-iShares USD Treasury Bond 1-3yr UCITS ETF USD (Acc) B | 0.07% | +3.2% | +3.9% | +12.1% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | Treasury Note | 95.01% | | Treasury Note (2OLD) | 2.51% | | Treasury Note (Old) | 2.45% | | Blk Ics USD Liq Agency Dis | 0.04% | | GBP Cash | 0.03% | | CHF Cash | 0.01% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by iShares, as of 29/09/2026. | Sector | Weight | |---|---| | Treasury | 99.9% | | Cash and derivatives | 0.1% | ### By type of asset Added up from the holdings iShares publishes, as of 29/09/2026. | Type of asset | Weight | |---|---| | Bonds | 100.0% | | Cash and money market | 0.1% | --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.