# iShares USD Treasury Bond 1-3yr UCITS ETF USD (IBTS)

**Page:** https://fundology.uk/fund/ibts · ISIN IE00B14X4S71

## 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 13/11/2026, IBTS (iShares USD Treasury Bond 1-3yr UCITS ETF USD, ISIN IE00B14X4S71) closed at £95.14 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 13/11/2026 its total return was +12.6%, or −12.1% after UK CPIH inflation.

## Summary

iShares USD Treasury Bond 1-3yr UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2006. It tracks the ICE BofA US Treasury (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 0.07% a year — about £7 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£95.14** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IBTS |
| ISIN | IE00B14X4S71 |
| Also listed as | IDBT (London Stock Exchange, US dollars) |
| Category | Government bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | ICE BofA US Treasury (1-3 Y) |
| Income | Distributing |
| Ongoing charge | 0.07% a year (£7 per £10,000) |
| Fund size | £2.0bn |
| Launched | 2006 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/06/2010 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +0.71% | -2.85% | income reinvested |
| 3 years | +3.60% | -6.40% | income reinvested |
| 5 years | +12.58% | -12.12% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares USD Treasury Bond 1-3yr UCITS ETF USD in pounds (price only, income paid out not included): 2022 +6.8%, 2023 −4.3%, 2024 +2.5%, 2025 −7.2%; 2026 to 13/11/2026 −0.7%. Returns of iShares USD Treasury Bond 1-3yr UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.9%; to 30/09/2025: −0.8%; to 30/09/2024: −6.7%; to 30/09/2023: −9.3%; to 30/09/2022: +14.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +6.8% | -2.2% | Price |
| 2023 | -4.3% | -8.1% | Price |
| 2024 | +2.5% | -1.0% | Price |
| 2025 | -7.2% | -10.4% | Price |
| 2026 to 13/11/2026 | -0.7% | -3.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.82% | -4.79% |
| 3 years | 6.62% | -11.16% |
| 5 years | 7.49% | -18.82% |

## Largest fall

Volatility of iShares USD Treasury Bond 1-3yr UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 5.8% over 1 year, 6.6% over 3 years, 7.5% over 5 years. Largest fall in the price of iShares USD Treasury Bond 1-3yr UCITS ETF USD since November 2021, in pounds: −18.8% from 23/09/2022 to 01/05/2026. The lowest 12-month return of iShares USD Treasury Bond 1-3yr UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −11.3% (12 months to 22/09/2023); the highest was +17.8% (12 months to 23/09/2022). On 13/11/2026 the price of iShares USD Treasury Bond 1-3yr UCITS ETF USD was 17.4% below its highest weekly close since November 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares USD Treasury Bond 1-3yr UCITS ETF USD 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once).

## Funds tracking the same index

2 funds track ICE BofA US Treasury (1-3 Y), this one included and share classes counted once; their ongoing charges range from 0.07% to 0.10% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares USD Treasury Bond 1-3yr UCITS ETF Accum Hedged MXN | 0.10% | +3.1% | +14.3% | +63.2% |
| iShares USD Treasury Bond 1-3yr UCITS ETF USD (this fund) | 0.07% | +0.7% | +3.6% | +12.6% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.07%** per year (as of 20/10/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, IBTS holds 93 positions, according to its published holdings. The largest is Treasury Note 3.50% 31/01/2028 at 2.19% of the fund; the ten largest make up 14.7%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury Note 3.50% 31/01/2028 | — | 2.19% |
| 2 | Treasury Note 4.13% 31/10/2029 | — | 1.45% |
| 3 | Treasury Note 3.50% 30/09/2029 | — | 1.43% |
| 4 | Treasury Note 3.38% 30/11/2027 | — | 1.39% |
| 5 | Treasury Note 3.38% 31/12/2027 | — | 1.39% |
| 6 | Treasury Note 4.25% 30/06/2029 | — | 1.38% |
| 7 | Treasury Note 4.50% 31/05/2029 | — | 1.37% |
| 8 | Treasury Note 4.63% 30/04/2029 | — | 1.37% |
| 9 | Treasury Note 3.88% 31/03/2028 | — | 1.36% |
| 10 | Treasury Note 4.00% 31/05/2028 | — | 1.36% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Treasury | 99.9% |
| Cash and derivatives | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.9% |
| Cash and money market | 0.1% |

All 95 holdings: https://fundology.uk/fund/ibts/holdings

## Questions people ask

**What is the ongoing charge of IBTS?**

The ongoing charge of IBTS is 0.07% a year — about £7 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares USD Treasury Bond 1-3yr UCITS ETF USD 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once).

**What does IBTS track?**

IBTS tracks the ICE BofA US Treasury (1-3 Y).

**Is IBTS accumulating or distributing?**

IBTS is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**What is the ISIN of IBTS?**

The ISIN of IBTS is IE00B14X4S71. An ISIN identifies one exact share class of a fund; IBTS is its ticker on the London Stock Exchange. The same share class is also listed as IDBT (London Stock Exchange, US dollars).

**What does IBTS hold?**

As of 06/11/2026, IBTS holds 93 positions, according to its published holdings. The largest is Treasury Note 3.50% 31/01/2028 at 2.19% of the fund; the ten largest make up 14.7%. Its ten largest holdings are Treasury Note 3.50% 31/01/2028 (2.19%), Treasury Note 4.13% 31/10/2029 (1.45%), Treasury Note 3.50% 30/09/2029 (1.43%), Treasury Note 3.38% 30/11/2027 (1.39%), Treasury Note 3.38% 31/12/2027 (1.39%), Treasury Note 4.25% 30/06/2029 (1.38%), Treasury Note 4.50% 31/05/2029 (1.37%), Treasury Note 4.63% 30/04/2029 (1.37%), Treasury Note 3.88% 31/03/2028 (1.36%) and Treasury Note 4.00% 31/05/2028 (1.36%).

**What were IBTS’s returns in each of the last five years?**

Calendar-year returns of IBTS in pounds (price only, income paid out not included): 2022 +6.8%, 2023 −4.3%, 2024 +2.5%, 2025 −7.2%; 2026 to 13/11/2026 −0.7%. Past performance is not a guide to future returns.

**How has IBTS done after inflation?**

Over the five years to 13/11/2026 IBTS’s total return was +12.6%, or −12.1% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/251715/ishares-treasury-bond-13yr-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-treasury-bond-1-3yr-ucits-etf-usd-dist-gb-ie00b14x4s71-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ibts-ishares-treasury-bond-1-3yr-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.