ETF · Invesco
T3GB Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged
ISIN IE00BF2FNL98London Stock Exchange: T3GBInvesco Ltd.
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£36.45
on
- Ongoing charge
- 0.10% a year
- Fund size
- £51.8m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, T3GB (Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged, ISIN IE00BF2FNL98) closed at £36.45 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was +8.1%, or −15.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +1.6%
- −2.0% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +11.4%
- +0.6% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +8.1%
- −15.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,081 on 13/11/2026 — about £844 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged in pounds (price only, income paid out not included): 2022 −6.4%, 2023 −0.7%, 2024 −0.6%, 2025 +0.8%; 2026 to 13/11/2026 −1.7%. Returns of Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.4%; to 30/09/2025: −0.5%; to 30/09/2024: +1.9%; to 30/09/2023: −2.3%; to 30/09/2022: −6.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −1.7% | −4.9% | |
| to | +0.8% | −2.7% | |
| to | −0.6% | −4.0% | |
| −0.7% | −4.7% | ||
| −6.4% | −14.3% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −2.4% | −5.8% |
| from | −0.5% | −4.3% |
| from | +1.9% | −0.7% |
| from | −2.3% | −8.1% |
| from | −6.7% | −14.3% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
2.6%over 5 years
| 1 year | 2.5% |
|---|---|
| 3 years | 2.7% |
| 5 years | 2.6% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −9.3%
- From to
- Lowest 12-month return
- −7.2%
- 12 months to
- Highest 12-month return
- +2.0%
- 12 months to
- Below its highest weekly close since November 2021
- 8.9%
- High of , latest
In words: Volatility of Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged in pounds, annualised from weekly returns to 13/11/2026: 2.5% over 1 year, 2.7% over 3 years, 2.6% over 5 years. Largest fall in the price of Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged since November 2021, in pounds: −9.3% from 26/11/2021 to 02/10/2026. The lowest 12-month return of Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged in pounds (price only, income paid out not included) since January 2021 was −7.2% (12 months to 04/11/2022); the highest was +2.0% (12 months to 20/09/2024). On 13/11/2026 the price of Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged was 8.9% below its highest weekly close since November 2021 (26/11/2021), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.10%
- a year
- On £10,000
- £10
- a year, roughly
- Over five years
- £50
- of £10,000, before growth
- 88 charge less
- 39 the same
- 184 charge more
Ongoing charge of Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged is an exchange-traded fund (ETF) from Invesco, launched in 2019.
It tracks the Bloomberg US Treasury (1-3Y).
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 paid out to holders as cash, usually a few times a year.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- T3GB
- ISIN
- IE00BF2FNL98
- Provider
- Invesco
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.10% a year · about £10 on £10,000
- Fund size
- £51.8m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £37.24 on 14/11/2025 to £36.45 on 13/11/2026 (−2.1%). The lowest close shown was £36.29 on 02/10/2026 and the highest £37.37 on 27/02/2026.
One close a week. Before 28/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
257 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 96
- on record
- Ten largest
- 14.9%
- of the whole fund
- Effective number of holdings
- 88
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.3%
- US Tsy N/B 3.5% 31/01/28
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | US Tsy N/B 3.5% 31/01/28 | 2.26% |
| 2 | US Tsy N/B 4.75% 30/09/28 | 1.44% |
| 3 | US Tsy N/B 4% 31/05/28 | 1.42% |
| 4 | US Tsy N/B 4.125% 30/06/28 | 1.42% |
| 5 | US Tsy N/B 4.625% 30/04/29 | 1.42% |
| 6 | US Tsy N/B 4% 31/07/29 | 1.41% |
| 7 | US Tsy N/B 4.25% 31/07/28 | 1.40% |
| 8 | US Tsy N/B 3.375% 31/12/27 | 1.39% |
| 9 | US Tsy N/B 3.625% 31/08/29 | 1.39% |
| 10 | US Tsy N/B 4.125% 31/10/29 | 1.39% |
As of , holdings as published
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 96 largest and what changed since .
All holdings
The fund publishes 96 holdings; the ten largest make up 14.9% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
7 funds track Bloomberg US Treasury (1-3Y), this one included and share classes counted once; their ongoing charges range from 0.06% to 0.13% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi US Treasury Bond 1-3Y UCITS ETF -Dist- DistributionDistributing · 0.07% a year | 0.07% | +0.8% | +5.8% | +11.5% |
| Amundi US Treasury Bond 1-3Y UCITS ETF -Monthly Hedged to GBP- DistributionDistributing · Currency hedged · 0.06% a year | 0.06% | −1.4% | +2.9% | Not reported |
| Invesco US Treasury Bond 1-3 Year UCITS ETFDistributing · 0.06% a year | 0.06% | +0.9% | +6.0% | +11.8% |
| Invesco US Treasury Bond 1-3 Year UCITS ETF AccumUSDAccumulating · 0.06% a year | 0.06% | +0.9% | Not reported | Not reported |
| Invesco US Treasury Bond 1-3 Year UCITS ETF GBP HedgedThis fundDistributing · Currency hedged · 0.10% a year | 0.10% | +1.6% | +11.4% | +8.1% |
| Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF -USDDistributing · 0.13% a year | 0.13% | +0.6% | Not reported | Not reported |
| Vanguard U.S. Treasury 1-3 Year Bond UCITS ETFAccumulating · 0.13% a year | 0.13% | +0.6% | Not reported | Not reported |
As of
Bloomberg US Treasury (1-3Y) funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since November 2021, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (149 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of T3GB?
The ongoing charge of T3GB is 0.10% a year — about £10 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 Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hedged 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).
What does T3GB track?
T3GB tracks the Bloomberg US Treasury (1-3Y).
Is T3GB accumulating or distributing?
T3GB is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
What is the ISIN of T3GB?
The ISIN of T3GB is IE00BF2FNL98. An ISIN identifies one exact share class of a fund; T3GB is its ticker on the London Stock Exchange.
What does T3GB hold?
As of 12/11/2026, T3GB holds 96 positions, according to its published holdings. The largest is US Tsy N/B 3.5% 31/01/28 at 2.26% of the fund; the ten largest make up 14.9%. Its ten largest holdings are US Tsy N/B 3.5% 31/01/28 (2.26%), US Tsy N/B 4.75% 30/09/28 (1.44%), US Tsy N/B 4% 31/05/28 (1.42%), US Tsy N/B 4.125% 30/06/28 (1.42%), US Tsy N/B 4.625% 30/04/29 (1.42%), US Tsy N/B 4% 31/07/29 (1.41%), US Tsy N/B 4.25% 31/07/28 (1.40%), US Tsy N/B 3.375% 31/12/27 (1.39%), US Tsy N/B 3.625% 31/08/29 (1.39%) and US Tsy N/B 4.125% 31/10/29 (1.39%).
What were T3GB’s returns in each of the last five years?
Calendar-year returns of T3GB in pounds (price only, income paid out not included): 2022 −6.4%, 2023 −0.7%, 2024 −0.6%, 2025 +0.8%; 2026 to 13/11/2026 −1.7%. Past performance is not a guide to future returns.
How has T3GB done after inflation?
Over the five years to 13/11/2026 T3GB’s total return was +8.1%, or −15.6% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CU71iShares USD Treasury Bond 3-7yr UCITS ETF0.07% a year · £6.1bn
- IBTAiShares USD Treasury Bond 1-3yr UCITS ETF Acc0.07% a year · £5.8bn
- SEGAiShares Core EUR Govt Bond UCITS ETF0.07% a year · £4.6bn
- SEMLiShares J.P. Morgan EM Local Govt Bond UCITS ETF0.50% a year · £4.1bn
- CBU0iShares USD Treasury Bond 7-10yr UCITS ETF USD (Acc) USD0.07% a year · £3.9bn
- VETAVanguard EUR Eurozone Government Bond UCITS ETF0.07% a year · £3.4bn
- IGLTiShares Core UK Gilts UCITS ETF0.07% a year · £3.4bn
- IBTMiShares USD Treasury Bond 7-10yr UCITS ETF0.07% a year · £3.0bn
Fund documents and methods
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.