ETF · iShares
U03A Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD
ISIN IE000SSFEUS3London Stock Exchange: U03ABlackRock, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$109.10
on
- Ongoing charge
- 0.07% a year
- Fund size
- £1.5bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, U03A (Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD, ISIN IE000SSFEUS3) closed at $109.10 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the year to 13/11/2026 its total return was +3.4%, or −0.3% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +3.4%
- −0.3% after inflation (UK CPIH)
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 Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2025 −3.7%; 2026 to 13/11/2026 +4.9%. Returns of Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +5.0%; to 30/09/2025: +4.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +4.9% | +1.6% | |
| to | −3.7% | −7.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +5.0% | +1.2% |
| from | +4.1% | +0.1% |
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)
5.6%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since September 2024
- −9.4%
- From to
- Lowest 12-month return
- −5.9%
- 12 months to
- Highest 12-month return
- +7.9%
- 12 months to
- Below its highest weekly close since September 2024
- 0.9%
- High of , latest
In words: Volatility of Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 5.6% over 1 year. Largest fall in the price of Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD since September 2024, in pounds: −9.4% from 17/01/2025 to 27/06/2025. The lowest 12-month return of Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since September 2024 was −5.9% (12 months to 30/01/2026); the highest was +7.9% (12 months to 26/06/2026). On 13/11/2026 the price of Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD was 0.9% below its highest weekly close since September 2024 (17/01/2025), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.07%
- a year
- On £10,000
- £7
- a year, roughly
- Over five years
- £35
- of £10,000, before growth
- 40 charge less
- 30 the same
- 241 charge more
Ongoing charge of Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD 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).
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
Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD is an exchange-traded fund (ETF) from iShares, launched in 2024.
It tracks the ICE 0-3 Month US Treasury Securities Index.
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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
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 incomeShare classISIN
Key facts
- Ticker
- U03A
- ISIN
- IE000SSFEUS3
- Provider
- iShares
- Tracks
- ICE 0-3 Month US Treasury Securities Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.07% a year · about £7 on £10,000
- Fund size
- £1.5bn
- 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
- No
- Price currency
- USD
- Category
- Government bonds
Price chart
Over the last year, the closing price went from $105.12 on 14/11/2025 to $109.10 on 13/11/2026 (+3.8%). The lowest close shown was $105.12 on 14/11/2025 and the highest $109.10 on 13/11/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
112 weekly closes, from 27/09/2024 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
Top 2 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Treasury BillCash and derivatives | 92.38% |
| 2 | Blk Ics USD Liq Agency DisCash and derivatives | 9.90% |
As of , holdings as published
More ways to cut the portfolio
The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the currency, maturity and credit-quality breakdowns
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
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountRolling returns
The full range of 60 rolling 12-month returns since September 2024, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since September 2024, 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 (111 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 U03A?
The ongoing charge of U03A 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 0-3 Month UCITS ETF AccumUSD 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 U03A track?
U03A tracks the ICE 0-3 Month US Treasury Securities Index.
Is U03A accumulating or distributing?
U03A is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of U03A?
The ISIN of U03A is IE000SSFEUS3. An ISIN identifies one exact share class of a fund; U03A is its ticker on the London Stock Exchange.
What does U03A hold?
As of 06/11/2026, U03A holds 2 positions, according to its published holdings. The largest is Treasury Bill at 92.38% of the fund; the 2 largest make up 102.3%. Its 2 largest holdings are Treasury Bill (92.38%) and Blk Ics USD Liq Agency Dis (9.90%).
What were U03A’s returns in each of the last five years?
Calendar-year returns of U03A in pounds (price, with income reinvested in the fund): 2025 −3.7%; 2026 to 13/11/2026 +4.9%. Past performance is not a guide to future returns.
How has U03A done after inflation?
Over the year to 13/11/2026 U03A’s total return was +3.4%, or −0.3% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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