State Street® SPDR® Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)

What this fund is

State Street® SPDR® Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) is an exchange-traded fund (ETF) from SPDR, traded under the ticker ZPRM (ISIN IE00BJXRT706). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about very short-term, cash-like instruments, aimed at protecting your money and earning a little interest rather than growing it, spread across its target market. It passively tracks the Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged) index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include TREASURY BILL 0 08/06/2026, TREASURY BILL 0 09/03/2026 and TREASURY BILL 0 09/17/2026. Spread across roughly 20 holdings (the ten largest ≈ 75%), no one position makes or breaks the fund.

Its biggest country exposures are ~100% United States. By industry it concentrates most in ~100% 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 0.05% a year — about €5 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. Its price has swung about 7.8% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2019. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from SPDR.)