# Invesco US Treasury Bond 0-1 Year UCITS ETF USD (TRIS) **Page:** https://fundology.uk/fund/tris · ISIN IE00BKWD3C98 ## 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, TRIS (Invesco US Treasury Bond 0-1 Year UCITS ETF USD, ISIN IE00BKWD3C98) closed at £30.77 on the London Stock Exchange. Its ongoing charge is 0.06% a year (about £6 on £10,000). Over the five years to 13/11/2026 its price changed by +0.9% (income paid out is not included), or −21.3% after UK CPIH inflation. ## Summary Invesco US Treasury Bond 0-1 Year UCITS ETF USD is an exchange-traded fund (ETF) from Invesco, launched in 2020. It tracks the Bloomberg US Treasury Coupons Index - USD. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.06% a year — about £6 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: **£30.77** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | TRIS | | ISIN | IE00BKWD3C98 | | Also listed as | TREI (London Stock Exchange, US dollars), TRD1 (Xetra, euros) | | Category | Cash-like & short-term | | Type | ETF | | Provider | Invesco | | Tracks | Bloomberg US Treasury Coupons Index - USD | | Income | Distributing | | Ongoing charge | 0.06% a year (£6 per £10,000) | | Fund size | £47.9m | | Launched | 2020 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/01/2020 | ## 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 | +2.81% | -0.83% | income reinvested | | 3 years | +7.56% | -2.82% | income reinvested | | 5 years | +0.89% | -21.25% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco US Treasury Bond 0-1 Year UCITS ETF USD in pounds (price only, income paid out not included): 2022 +10.9%, 2023 −5.2%, 2024 +2.7%, 2025 −8.0%; 2026 to 13/11/2026 +2.1%. Returns of Invesco US Treasury Bond 0-1 Year UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +1.1%; to 30/09/2025: −0.8%; to 30/09/2024: −8.3%; to 30/09/2023: −8.7%; to 30/09/2022: +20.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +10.9% | +1.5% | Price | | 2023 | -5.2% | -9.0% | Price | | 2024 | +2.7% | -0.8% | Price | | 2025 | -8.0% | -11.2% | Price | | 2026 to 13/11/2026 | +2.1% | -1.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.70% | -4.85% | | 3 years | 6.57% | -11.44% | | 5 years | 7.75% | -20.10% | ## Largest fall Volatility of Invesco US Treasury Bond 0-1 Year UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 5.7% over 1 year, 6.6% over 3 years, 7.7% over 5 years. Largest fall in the price of Invesco US Treasury Bond 0-1 Year UCITS ETF USD since November 2021, in pounds: −20.1% from 23/09/2022 to 27/06/2025. The lowest 12-month return of Invesco US Treasury Bond 0-1 Year UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −10.8% (12 months to 22/09/2023); the highest was +23.7% (12 months to 23/09/2022). On 13/11/2026 the price of Invesco US Treasury Bond 0-1 Year UCITS ETF USD was 16.9% below its highest weekly close since November 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco US Treasury Bond 0-1 Year UCITS ETF USD 0.06% a year. Compared on 14/11/2026, 36 of the 43 other cash-like and short-term funds charge more, 2 the same and 5 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg US Treasury Coupons Index - USD, this one included and share classes counted once; their ongoing charges range from 0.06% to 0.13% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco Markets II PLC - Invesco US Treasury Bond 0-1 Year UCITS ETF Hedged GBP | 0.13% | +3.5% | +13.2% | +7.1% | | Invesco US Treasury Bond 0-1 Year UCITS ETF Accum Shs USD | 0.06% | +2.8% | +7.6% | — | | Invesco US Treasury Bond 0-1 Year UCITS ETF USD (this fund) | 0.06% | +2.8% | +7.6% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.06%** per year (as of 13/11/2026) - 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 12/11/2026, TRIS holds 49 positions, according to its published holdings. The largest is US Tsy N/B 1.5% 31/01/27 at 3.18% of the fund; the ten largest make up 29.5%. ### Top holdings Largest positions (as of 12/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | US Tsy N/B 1.5% 31/01/27 | — | 3.18% | | 2 | US Tsy N/B 4.25% 31/12/26 | — | 3.05% | | 3 | US Tsy N/B 3.75% 30/04/27 | — | 3.03% | | 4 | US Tsy N/B 3.5% 30/09/27 | — | 2.98% | | 5 | US Tsy N/B 3.75% 30/06/27 | — | 2.90% | | 6 | US Tsy N/B 3.875% 31/07/27 | — | 2.90% | | 7 | US Tsy N/B 4.125% 28/02/27 | — | 2.90% | | 8 | US Tsy N/B 3.5% 31/10/27 | — | 2.89% | | 9 | US Tsy N/B 3.875% 31/03/27 | — | 2.88% | | 10 | US Tsy N/B 3.875% 31/05/27 | — | 2.83% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By type of asset Added up from the fund’s published holdings, as of 12/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.7% | | Cash and money market | 0.3% | All 49 holdings: https://fundology.uk/fund/tris/holdings ## Questions people ask **What is the ongoing charge of TRIS?** The ongoing charge of TRIS is 0.06% a year — about £6 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 0-1 Year UCITS ETF USD 0.06% a year. Compared on 14/11/2026, 36 of the 43 other cash-like and short-term funds charge more, 2 the same and 5 less (share classes counted once). **What does TRIS track?** TRIS tracks the Bloomberg US Treasury Coupons Index - USD. **Is TRIS accumulating or distributing?** TRIS 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 TRIS?** The ISIN of TRIS is IE00BKWD3C98. An ISIN identifies one exact share class of a fund; TRIS is its ticker on the London Stock Exchange. The same share class is also listed as TREI (London Stock Exchange, US dollars) and TRD1 (Xetra, euros). **What does TRIS hold?** As of 12/11/2026, TRIS holds 49 positions, according to its published holdings. The largest is US Tsy N/B 1.5% 31/01/27 at 3.18% of the fund; the ten largest make up 29.5%. Its ten largest holdings are US Tsy N/B 1.5% 31/01/27 (3.18%), US Tsy N/B 4.25% 31/12/26 (3.05%), US Tsy N/B 3.75% 30/04/27 (3.03%), US Tsy N/B 3.5% 30/09/27 (2.98%), US Tsy N/B 3.75% 30/06/27 (2.90%), US Tsy N/B 3.875% 31/07/27 (2.90%), US Tsy N/B 4.125% 28/02/27 (2.90%), US Tsy N/B 3.5% 31/10/27 (2.89%), US Tsy N/B 3.875% 31/03/27 (2.88%) and US Tsy N/B 3.875% 31/05/27 (2.83%). **What were TRIS’s returns in each of the last five years?** Calendar-year returns of TRIS in pounds (price only, income paid out not included): 2022 +10.9%, 2023 −5.2%, 2024 +2.7%, 2025 −8.0%; 2026 to 13/11/2026 +2.1%. Past performance is not a guide to future returns. **How has TRIS done after inflation?** Over the five years to 13/11/2026 TRIS’s price changed by +0.9% (income paid out is not included), or −21.3% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.