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$108.52
on
- Ongoing charge
- 0.07% a year
- Fund size
- £1.1bn
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, U03A (Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD, ISIN IE000SSFEUS3) closed at $108.52 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the year to 30/09/2026 its total return was +5.0%, or +1.7% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +5.0%
- +1.7% after inflation (UK CPIH)
Returns: TradingView (delayed data). Inflation: ONS 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 −3.1%; 2026 to 30/09/2026 +4.5%. 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: +4.3%; to 30/09/2025: +4.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +4.5% | +1.6% | |
| −3.1% | −6.4% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +4.3% | Not available |
| from | +4.8% | +0.7% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
6.0%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
- 1.8%
- High of , latest
In words: Volatility of Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD in pounds, annualised from weekly returns to 30/09/2026: 6.0% 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 30/09/2026 the price of Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD was 1.8% below its highest weekly close since September 2024 (17/01/2025), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, 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
- 30 charge less
- 32 the same
- 212 charge more
Ongoing charge of Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD 0.07% a year, as of 01/10/2026: 212 of the 274 other government bond funds charge more, 32 the same and 30 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
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
- £1.1bn
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- USD
- Category
- Government bonds
Price chart
Since 31/07/2026, the closing price went from $107.98 on 31/07/2026 to $108.52 on 30/09/2026 (+0.5%). The lowest close shown was $107.96 on 07/08/2026 and the highest $108.52 on 25/09/2026.
Chart: closing prices we have recorded since 31/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS 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 Bill | 96.57% |
| 2 | Blk Ics USD Liq Agency Dis | 7.44% |
Source: iShares, holdings as published, as of , company pages by TradingView
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 54 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.
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, as of 01/10/2026: 212 of the 274 other government bond funds charge more, 32 the same and 30 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 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 −3.1%; 2026 to 30/09/2026 +4.5%. Past performance is not a guide to future returns.
How has U03A done after inflation?
Over the year to 30/09/2026 U03A’s total return was +5.0%, or +1.7% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- iShares, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.