# Ishares USD Treasury Bond 0-3 Month UCITS ETF AccumUSD (U03A) **Page:** https://fundology.uk/fund/u03a · ISIN IE000SSFEUS3 ## 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, 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. ## Summary 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. Latest close: **$109.10** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | U03A | | ISIN | IE000SSFEUS3 | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | ICE 0-3 Month US Treasury Securities Index | | Income | Accumulating | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £1.5bn | | Launched | 2024 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 05/07/2024 | ## 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 | +3.36% | -0.30% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2025 | -3.7% | -7.1% | Price | | 2026 to 13/11/2026 | +4.9% | +1.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.59% | -4.25% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** per year - 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, 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%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Treasury Bill | — | 92.38% | | 2 | Blk Ics USD Liq Agency Dis | — | 9.90% | ## 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. ## Fund documents - [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/337771/ishares-treasury-bond-0-3-month-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-treasury-bond-0-3-month-ucits-etf-usd-acc-gb-ie000ssfeus3-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/u03a-ishares-treasury-bond-0-3-month-ucits-etf-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- 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.