Your selection basket is empty.
Define a selection of ETFs which you would like to compare.
Add an ETF by clicking "Compare" on an ETF profile or by checkmarking an ETF in the ETF search.
ETF Profile
iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist)
ISIN IE000PBKBK34
|WKN A40DL2
|Ticker US03
TER
0.07% p.a.
Distribution policy
Distributing
Replication
Physical
Fund size
EUR 46 m
Inception Date
24 September 2024
Holdings
22
Overview
Description
The iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist) seeks to track the ICE 0-3 Month US Treasury Bill index. The ICE 0-3 Month US Treasury Bill index tracks the performance of US Dollar-denominated fixed rate government bonds issued by the US Treasury. Time to maturity: 0-3 months.
Documents
Chart
Basics
Data
| Index | ICE 0-3 Month US Treasury Bill |
| Investment focus | Money Market, USD |
| Fund size | EUR 46 m |
| Total expense ratio | 0.07% p.a. |
| Replication | Physical (Optimized sampling) |
| Legal structure | ETF |
| Investment approach | Long-only |
| Sustainability | No |
| Fund currency | USD |
| Currency risk | Currency unhedged |
| Volatility 1 year (in EUR) | 5.56% |
| Inception/ Listing Date | 24 September 2024 |
| Distribution policy | Distributing |
| Distribution frequency | Semi annually |
| Fund domicile | Ireland |
| Fund Provider | iShares |
| Fund Structure | Open-ended Investment Company (OEIC) |
| UCITS compliance | Yes |
| Administrator | State Street Fund Services (Ireland) Limited |
| Investment Advisor | |
| Custodian Bank | State Street Custodial Services (Ireland) Limited |
| Revision Company | Deloitte |
| Fiscal Year End | 31 May |
| Swiss representative | - |
| Swiss paying agent | - |
| Germany | Unknown |
| Switzerland | Unknown |
| Austria | Tax Reporting Fund |
| UK | UK Reporting |
| Italy | 14.2% |
| Indextype | - |
| Swap counterparty | - |
| Collateral manager | Bank of New York Mellon|Euroclear|JP Morgan|State Street Bank |
| Securities lending | No |
| Securities lending counterparty |
Similar ETFs
This section provides you with information on other ETFs with a similar investment focus to the iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist).
Similar ETFs via ETF search
How do you like our ETF profile? Here you'll find our Questionnaire.
Holdings
Below you find information about the composition of the iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist).
Top 10 Holdings
Weight of top 10 holdings
out of 22
71.14%
| INSL CASH | 9.87% |
| 0% BILL 20/08/2026 USD | 8.68% |
| USA, BILLS 0% 10SEP2026, USD (182D) | 8.15% |
| 0% BILL 13/08/2026 USD | 7.86% |
| USA, BILLS 0% 8OCT2026, USD (182D) | 7.20% |
| USA, BILLS 0% 15OCT2026, USD (182D) | 6.21% |
| 0% BILL 27/08/2026 USD | 6.18% |
| 0% BILL 17/09/2026 USD | 6.15% |
| USA, BILLS 0% 22SEP2026, USD (119D) | 5.77% |
| USA, BILLS 0% 25AUG2026, USD (119D) | 5.07% |
Countries
| United States | 91.13% |
| Ireland | 9.87% |
| Other | 0.00% |
Sectors
| Sovereign | 91.13% |
| Non-Corporate | 9.87% |
As of 30/07/2026
Order fees
Here you can find information about different brokers that allow you to trade ETFs. Select your preferred order volume to compare the fees charged by the respective brokers.
Order volume:
| Broker | Rating | Order fee | ETF savings plans | |
|---|---|---|---|---|
 | 0.99 € | 3554 | View offer** | |
 | 0.95 € | 2532 | View offer* | |
 | 0.00 € | 1868 | View offer* | |
 | 0.00 € | 2274 | View offer* | |
 | 9.95 € | 1967 | View offer* |
Source: justETF Research; as of 8/2026. The offers are sorted in the following way: 1. Rating 2. Order fee 3. Number of ETF savings plans. In addition to the fees charged by online brokers, additional costs may apply. The stated fees are thus exclusive of standard market spreads, commissions, product costs and third-party fees. Please note: No guarantee can be given for the completeness, correctness and accuracy of the content listed. The information on the online brokers' homepages is decisive. Investments in securities involve risks.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable AG. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable AG. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
Performance
The performance numbers include distributions/dividends (if there are any). By default, the total performance of the ETF is displayed.
Returns overview
| YTD | +3.03% |
| 1 month | -2.26% |
| 3 months | +0.44% |
| 6 months | +2.79% |
| 1 year | +3.73% |
| 3 years | - |
| 5 years | - |
| Since inception (MAX) | +3.11% |
| 2025 | -7.77% |
| 2024 | - |
| 2023 | - |
| 2022 | - |
Monthly returns in a heat map
Dividends
Current dividend yield
| Current dividend yield | 3.93% |
| Dividends (last 12 months) | EUR 0.17 |
Historic dividend yields
| Period | Dividend in EUR | Dividend yield in % |
|---|---|---|
| 1 Year | EUR 0.17 | 3.91% |
| 2025 | EUR 0.18 | 3.81% |
Dividend yield contribution
Monthly dividends
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 5.56% |
| Volatility 3 years | - |
| Volatility 5 years | - |
| Return per risk 1 year | 0.67 |
| Return per risk 3 years | - |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | -3.21% |
| Maximum drawdown 3 years | - |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | -12.08% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| Euronext Amsterdam | USD | US03 | - - | - - | - |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF USD Unhedged (Acc) | 744 | 0.05% p.a. | Accumulating | Sampling |
| Xtrackers II USD Overnight Rate Swap UCITS ETF 1C | 290 | 0.10% p.a. | Accumulating | Swap-based |
| Amundi USD Fed Funds Rate UCITS ETF Acc | 117 | 0.10% p.a. | Accumulating | Swap-based |
| Global X 1-3 Month T-Bill UCITS ETF USD Accumulating | 78 | 0.07% p.a. | Accumulating | Full replication |
| UBS USD Overnight Rate SF UCITS ETF USD acc | 8 | 0.05% p.a. | Accumulating | Swap-based |
Latest articles
Frequently asked questions
What is the name of US03?
The name of US03 is iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist).
What is the ticker of iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist)?
The primary ticker of iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist) is US03.
What is the ISIN of iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist)?
The ISIN of iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist) is IE000PBKBK34.
What are the costs of iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist)?
The total expense ratio (TER) of iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist) amounts to 0.07% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
What's the fund size of iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist)?
The fund size of iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Dist) is 46m Euro. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.