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Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist

Invesco · IE00BF2FNL98

Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist is an exchange-traded fund (ETF) from Invesco, traded under the ticker T3GB (ISIN IE00BF2FNL98). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, spread across its target market. Rather than a manager picking stocks, it simply replicates the Bloomberg US Treasury 1-3 Year Index index — the passive, low-cost approach, and its largest holdings include US TSY N/B 3.5% 31/01/28, US TSY N/B 4.25% 30/06/29 and US TSY N/B 4.125% 30/06/28. With about 97 holdings (the ten largest ≈ 14.5%), your money is diversified rather than concentrated in a handful of names. Geographically it leans ~99.8% United States. Its heaviest sectors are ~99.8% Government. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.1% a year — about €10 a year on a €10,000 holding, taken automatically from the fund; counting the trading costs inside the fund, the all-in figure is around 0.13%. It is a distributing share class — dividends are paid to you as cash rather than reinvested. It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors, trades in GBP and is currency-hedged against exchange-rate swings. On the standard KID risk scale it is rated 2 out of 7 and its price has swung about 2.2% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2019, and its KID suggests a holding period of 3 years. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Invesco.)

· Tracks the Bloomberg US Treasury 1-3 Year Index index ?

Bond ?Distributing ?Physical ?Ireland ?

Low yearly feePays cash dividendsOwns the shares directlyUnited StatesBroadly spread

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Fund size (AUM) ?

€273.3M

Risk level (SRI) ?

2 / 7 · Low

1-year return ?

-0.9%

Total return · to 2026-07-20

Yearly fee (TER) ?

0.10%

All-in cost ≈ 0.13%

About this fund

What you own

The Bloomberg US Treasury 1-3 Year Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 97 companies across United States in a single purchase.

Dividends

The fund pays dividends out to you as cash, usually a few times a year.

You get the dividends as cash you can spend or move elsewhere, which some people like for a sense of income. If you would rather it compounded, you buy more units yourself — it will not reinvest on its own the way an accumulating version does. The same fund is often sold in both versions; what it holds underneath is identical.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.10%Yearly fee (TER)

0.13%All-in cost

The yearly running cost of the fund, shown as a % of your money. €0.20 per €100 a year at 0.20%. Lower is cheaper.

It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

Bloomberg US Treasury 1-3 Year Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Jun 2019

7-year track record

Recommended holding period

3 years

Bond details

Credit quality ?

Investment Grade

Duration ?

Short

Inflation-linked ?

No — nominal (fixed) payouts

Performance

Growth of £100 invested — both lines start at £100.

Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist Average Bloomberg US Treasury 1-3 Year Index ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD-1.2%

1 year-0.9%

3 years-0.1%

5 years-1.8%

Return, year by year

-6.4

-0.7

-0.6

+0.9

'22'23'24'25

1 of 4 up yearsBest: 2025 +0.9%Worst: 2022 -6.4%Calendar-year total returns, in GBP

How bumpy has it been?

2.2%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-2.8%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

-0.05

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

-8.5%

Since inception

Total growth since launch — about -1.8% a year.

+2.1%

Best 12 months

The strongest one-year stretch on record.

-7.2%

Worst 12 months

The weakest one-year stretch on record.

-9.3%

Worst fall on record ?

It has not fully recovered yet.

Dividend history

This fund pays its dividends out to you (Quarterly). Recent payments per share:

Ex-date	Amount / share
2026-03-12	CHF 0.3441
2025-09-11	CHF 0.3652
2025-03-13	CHF 0.3838
2024-12-12	CHF 0.4145
2024-09-12	CHF 0.3932
2024-06-13	CHF 0.4003
2024-03-14	CHF 0.3978
2023-12-14	CHF 0.4003

What's inside

The 10 biggest holdings make up 14.5% of the fund — the rest is spread across roughly 87 more companies.

Top 10 holdings

#	Company	Weight
1	US TSY N/B 3.5% 31/01/28	2.2%
2	US TSY N/B 4.25% 30/06/29	1.4%
3	US TSY N/B 4.125% 30/06/28	1.4%
4	US TSY N/B 3.875% 31/07/27	1.4%
5	US TSY N/B 4.625% 30/04/29	1.4%
6	US TSY N/B 3.625% 31/08/27	1.4%
7	US TSY N/B 4.5% 31/05/29	1.4%
8	US TSY N/B 4.125% 31/03/29	1.4%
9	US TSY N/B 3.375% 31/12/27	1.3%
10	US TSY N/B 3.375% 30/11/27	1.3%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
LSE	T3GB	GBP	★ Primary
CHF listings
SIX	T3GB	CHF
GBP listings
B3	T3GBL	GBP
B3	T3GBZ	GBP
E1	T3GBEUR	GBP
E1	T3GBGBX	GBP
EB	T3GBL	GBP
EB	T3GBZ	GBP
EO	T3GBGBX	GBP
EO	T3GBEUR	GBP
EP	T3GBGBX	GBP
EU	T3GBEUR	GBP
EU	T3GBGBX	GBP
EZ	T3GBGBX	GBP
IX	T3GBL	GBP
IX	T3GBZ	GBP
L1	T3GBZ	GBP
L3	T3GBL	GBP
L3	T3GBZ	GBP
London Stock Exchange	T3GB	GBP
PO	T3GBL	GBP
PO	T3GBZ	GBP
QX	T3GBZ	GBP
QX	T3GBL	GBP
S2	T3GBZ	GBP
SE	T3GB	GBP
X2	T3GBGBX	GBP
XA	T3GBGBX	GBP
XA	T3GBEUR	GBP
XE	T3GBEUR	GBP
XE	T3GBGBX	GBP
XF	T3GBEUR	GBP
XF	T3GBGBX	GBP
XG	T3GBEUR	GBP
XG	T3GBGBX	GBP
XH	T3GBGBX	GBP
XH	T3GBEUR	GBP
XJ	T3GBEUR	GBP
XJ	T3GBGBX	GBP
XL	T3GBEUR	GBP
XL	T3GBGBX	GBP
XO	T3GBGBX	GBP
XO	T3GBEUR	GBP
XQ	T3GBEUR	GBP
XQ	T3GBGBX	GBP
XT	T3GBGBX	GBP
XU	T3GBEUR	GBP
XU	T3GBGBX	GBP
XV	T3GBGBX	GBP
XV	T3GBEUR	GBP
XW	T3GBEUR	GBP
XW	T3GBGBX	GBP
XX	T3GBEUR	GBP
XX	T3GBGBX	GBP
XZ	T3GBEUR	GBP
XZ	T3GBGBX	GBP

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-20 · the fund's own published holdings.

#	Company	Weight
1	US TSY N/B 3.5% 31/01/28	2.2%
2	US TSY N/B 4.25% 30/06/29	1.4%
3	US TSY N/B 4.125% 30/06/28	1.4%
4	US TSY N/B 3.875% 31/07/27	1.4%
5	US TSY N/B 4.625% 30/04/29	1.4%
6	US TSY N/B 3.625% 31/08/27	1.4%
7	US TSY N/B 4.5% 31/05/29	1.4%
8	US TSY N/B 4.125% 31/03/29	1.4%
9	US TSY N/B 3.375% 31/12/27	1.3%
10	US TSY N/B 3.375% 30/11/27	1.3%
11	US TSY N/B 3.375% 29/02/28	1.3%
12	US TSY N/B 3.75% 30/04/28	1.3%
13	US TSY N/B 3.5% 30/09/27	1.3%
14	US TSY N/B 3.875% 31/03/28	1.3%
15	US TSY N/B 4% 31/05/28	1.3%
16	US TSY N/B 4.25% 28/02/29	1.3%
17	US TSY N/B 3.5% 31/10/27	1.3%
18	US TSY N/B 3.875% 15/03/28	1.2%
19	US TSY N/B 1.25% 30/04/28	1.2%
20	US TSY N/B 2.875% 15/05/28	1.2%
21	US TSY N/B 4.125% 15/11/27	1.2%
22	US TSY N/B 4% 31/01/29	1.2%
23	US TSY N/B 3.75% 15/04/28	1.2%
24	US TSY N/B 2.75% 15/02/28	1.2%
25	US TSY N/B 4.25% 15/01/28	1.2%
26	US TSY N/B 3.5% 15/03/29	1.2%
27	US TSY N/B 3.125% 15/11/28	1.2%
28	US TSY N/B 1.25% 31/05/28	1.2%
29	US TSY N/B 3.75% 31/12/28	1.2%
30	US TSY N/B 3.5% 15/10/28	1.2%
31	US TSY N/B 3.75% 15/05/28	1.2%
32	US TSY N/B 3.5% 15/12/28	1.2%
33	US TSY N/B 4.125% 15/06/29	1.2%
34	US TSY N/B 1.375% 31/10/28	1.2%
35	US TSY N/B 3.875% 15/06/28	1.1%
36	US TSY N/B 3.5% 15/01/29	1.1%
37	US TSY N/B 4% 15/12/27	1.1%
38	US TSY N/B 3.375% 15/09/27	1.1%
39	US TSY N/B 2.875% 15/08/28	1.1%
40	US TSY N/B 0.75% 31/01/28	1.1%
41	US TSY N/B 1.125% 31/08/28	1.1%
42	US TSY N/B 1.125% 29/02/28	1.1%
43	US TSY N/B 3.5% 15/02/29	1.1%
44	US TSY N/B 3.75% 15/08/27	1.1%
45	US TSY N/B 3.875% 15/05/29	1.1%
46	US TSY N/B 3.875% 15/10/27	1.1%
47	US TSY N/B 3.375% 15/09/28	1.1%
48	US TSY N/B 3.5% 15/11/28	1.1%
49	US TSY N/B 4.375% 30/11/28	1.1%
50	US TSY N/B 3.875% 15/07/28	1.1%
51	US TSY N/B 2.625% 15/02/29	1.1%
52	US TSY N/B 4.25% 15/02/28	1.1%
53	US TSY N/B 3.875% 15/04/29	1.1%
54	US TSY N/B 1% 31/07/28	1.1%
55	US TSY N/B 1.25% 30/09/28	1.1%
56	US TSY N/B 1.5% 30/11/28	1.1%
57	US TSY N/B 3.625% 15/08/28	1.1%
58	US TSY N/B 4.375% 15/07/27	1.1%
59	US TSY N/B 4.875% 31/10/28	1.1%
60	US TSY N/B 1.25% 31/03/28	1.0%
61	US TSY N/B 1.25% 30/06/28	1.0%
62	US TSY N/B 4.625% 30/09/28	1.0%
63	US TSY N/B 1.375% 31/12/28	1.0%
64	US TSY N/B 0.625% 31/12/27	1.0%
65	US TSY N/B 1.75% 31/01/29	1.0%
66	US TSY N/B 0.375% 30/09/27	0.9%
67	US TSY N/B 4.125% 31/07/28	0.9%
68	US TSY N/B 0.625% 30/11/27	0.9%
69	US TSY N/B 4.125% 30/09/27	0.9%
70	US TSY N/B 2.75% 31/07/27	0.9%
71	US TSY N/B 4.375% 31/08/28	0.9%
72	US TSY N/B 2.375% 15/05/29	0.9%
73	US TSY N/B 1.875% 28/02/29	0.9%
74	US TSY N/B 3.625% 31/03/28	0.9%
75	US TSY N/B 0.375% 31/07/27	0.9%
76	US TSY N/B 3.875% 31/12/27	0.9%
77	US TSY N/B 4.125% 31/10/27	0.9%
78	US TSY N/B 4% 29/02/28	0.9%
79	US TSY N/B 2.375% 31/03/29	0.9%
80	US TSY N/B 2.25% 15/11/27	0.8%
81	US TSY N/B 4% 30/06/28	0.8%
82	US TSY N/B 3.625% 31/05/28	0.8%
83	US TSY N/B 0.5% 31/10/27	0.8%
84	US TSY N/B 3.5% 30/04/28	0.8%
85	US TSY N/B 3.25% 30/06/29	0.8%
86	US TSY N/B 2.25% 15/08/27	0.8%
87	US TSY N/B 3.125% 31/08/27	0.8%
88	US TSY N/B 2.75% 31/05/29	0.8%
89	US TSY N/B 3.875% 30/11/27	0.8%
90	US TSY N/B 2.875% 30/04/29	0.8%
91	US TSY N/B 0.5% 31/08/27	0.7%
92	Cash and/or Derivatives	0.3%
93	US TSY N/B 5.25% 15/11/28	0.2%
94	US TSY N/B 5.5% 15/08/28	0.1%
95	US TSY N/B 6.375% 15/08/27	0.1%
96	US TSY N/B 6.125% 15/11/27	0.1%
97	US TSY N/B 5.25% 15/02/29	0.1%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 40% of similar ETFs💰 All-in cost cheaper than 27%📈 Higher 1-yr return than 15%📈 Higher 3-yr return than 32%📈 Higher 5-yr return than 57%📊 Beat its category by 1.1% (1-yr) (category average -2.1%)📊 Beat its category by 2.4% (3-yr) (category average -2.5%)📊 Beat its category by 4.8% (5-yr) (category average -6.6%)

Versus the Bonds · United States · GBP ETFs we track.

Advanced risk

-0.06

Sortino (3y) ?

-0.05

Calmar (3y) ?

2.0%

Downside deviation ?

67%

Up months (hit rate) ?

£3,745.25

52-week high ?

£3,657.75

52-week low ?

Concentration depth

~89 ?

Effective number of holdings

Roughly 97 companies are held, but the largest names carry most of the weight — so it behaves like ~89 equal-sized positions.

Documents

📄 KID (PDF)

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 United States bonds

Compare side by side

6 similar funds

	Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg DistInvescoYou're viewing	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	Schwab U.S. TIPS ETFSchwabBroader match	iShares $ Treasury Bond 3-7yr UCITS ETFiSharesBroader match	Schwab Intermediate-Term U.S. Treasury ETFSchwabBroader match	Schwab Short-Term U.S. Treasury ETFSchwabBroader match
Why it's similar	This is the fund on this page.	BondsPhysical Tracks a different index in the same category.	BondsDistributingPhysical Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysical Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	Bloomberg US Treasury 1-3 Year Index	ICE U.S. Treasury 1-3 Year Bond Index	ICE U.S. Treasury 1-3 Year Bond Index		ICE U.S. Treasury 3-7 Year Bond Index
Yearly fee (TER)	0.10%	0.10%	0.10%	0.03%	0.10%	0.03%	0.03%
All-in cost	0.13%	0.10%	0.10%	0.00%	0.10%	0.00%	0.00%
Fund size	€273.3M	€14.8B	€14.8B	€14.4B	€12.8B	€11.7B	€11.1B
Domicile	Ireland	Ireland	Ireland	United States	Ireland	United States	United States
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	-0.1%		+2.1%	+0.2%		-0.2%	+0.1%
5-yr return p.a.	-1.8%		-0.1%	-3.6%		-3.0%	-1.2%
# holdings	97	97	97	49	93	102	97

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Data as of 2026-07-20 · Source: issuer data, compiled by Finance Hamster

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