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iShares $ Treasury Bond UCITS ETF

iShares · IE00BKTN1T54

iShares $ Treasury Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker GOVP (ISIN IE00BKTN1T54). 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 lending to governments and companies in return for regular interest, which tends to…

· Tracks the ICE U.S. Treasury Core Bond Index index ?

Bond ?Distributing ?Physical ?Ireland ?

Low yearly feePays cash dividendsOwns the shares directlyUnited StatesBroadly spread

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iShares funds Domiciled in Ireland Distributing Physically replicated United States bonds Yearly fee under 0.25%

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Fund size (AUM) ?

€774.9M

Risk level (SRI) ?

4 / 7 · Medium

1-year return ?

+0.4%

Total return · to 2026-07-24

Dividend yield

1.99%

Trailing 12 months

Yearly fee (TER) ?

0.10%

All-in cost ≈ 0.10%

About this fund

What you own

The ICE U.S. Treasury Core Bond Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 299 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)

0.10%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. 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 ?

ICE U.S. Treasury Core Bond Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Sep 2019

7-year track record

Recommended holding period

medium to long term

Bond details

Credit quality ?

Investment Grade

Inflation-linked ?

No — nominal (fixed) payouts

Performance

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

iShares $ Treasury Bond UCITS ETF Average ICE U.S. Treasury Core Bond Index ETF (funds we track) ?

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

YTD-0.8%

1 year+0.4%

3 years+0.7%

5 years-3.1%

Return, year by year

-14.4

-0.2

+0.5

+1.9

'22'23'24'25

2 of 4 up yearsBest: 2025 +1.9%Worst: 2022 -14.4%Calendar-year total returns, in GBP

How bumpy has it been?

3.8%

Volatility (1y) ?

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

-6.4%

Worst drop (3y) ?

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

0.14

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

-13.4%

Since inception

Total growth since launch — about -2.8% a year.

+10.2%

Best 12 months

The strongest one-year stretch on record.

-17.1%

Worst 12 months

The weakest one-year stretch on record.

-22.0%

Worst fall on record ?

It has not fully recovered yet.

Dividend history

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

Ex-date	Amount / share
2026-03-19	£0.0827
2024-09-12	£0.0822
2024-03-14	£0.0806

What's inside

By sector ?

Government99.9%

Other0.1%

The 10 biggest holdings make up 1.8% of the fund — the rest is spread across roughly 4 more companies.

Top 10 holdings

#	Company	Weight
24	US TREASURY N/B	0.7%
180	TREASURY BOND (2OLD)	0.3%
186	TREASURY NOTE (2OLD)	0.3%
191	TREASURY BOND (OLD)	0.3%
251	TREASURY BOND (OTR)	0.1%
274	BLK ICS USD LEAF AGENCY DIST	0.1%
277	TREASURY NOTE (OLD)	0.1%
290	TREASURY NOTE (OTR)	0.0%
293	TREASURY NOTE	0.0%
294	GBP CASH	0.0%

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	GOVP	GBP	★ Primary
GBP listings
B3	GOVPL	GBP
E1	GOVPGBP	GBP
E1	GOVPUSD	GBP
E1	GOVPEUR	GBP
EB	GOVPL	GBP
EO	GOVPGBP	GBP
EP	GOVPGBP	GBP
EP	GOVPUSD	GBP
EU	GOVPUSD	GBP
EU	GOVPGBP	GBP
EU	GOVPEUR	GBP
EZ	GOVPGBP	GBP
EZ	GOVPUSD	GBP
IX	GOVPL	GBP
L3	GOVPL	GBP
London Stock Exchange	GOVP	GBP
PO	GOVPL	GBP
QX	GOVPL	GBP
X1	GOVPEUR	GBP
X1	GOVPUSD	GBP
X2	GOVPEUR	GBP
X2	GOVPGBP	GBP
X2	GOVPUSD	GBP
X9	GOVPGBP	GBP
XA	GOVPUSD	GBP
XA	GOVPGBP	GBP
XA	GOVPEUR	GBP
XE	GOVPEUR	GBP
XE	GOVPGBP	GBP
XE	GOVPUSD	GBP
XF	GOVPEUR	GBP
XF	GOVPGBP	GBP
XF	GOVPUSD	GBP
XG	GOVPUSD	GBP
XG	GOVPGBP	GBP
XG	GOVPEUR	GBP
XH	GOVPEUR	GBP
XH	GOVPGBP	GBP
XH	GOVPUSD	GBP
XJ	GOVPEUR	GBP
XJ	GOVPGBP	GBP
XJ	GOVPUSD	GBP
XL	GOVPUSD	GBP
XL	GOVPGBP	GBP
XL	GOVPEUR	GBP
XO	GOVPEUR	GBP
XO	GOVPGBP	GBP
XO	GOVPUSD	GBP
XQ	GOVPEUR	GBP
XQ	GOVPGBP	GBP
XQ	GOVPUSD	GBP
XS	GOVPUSD	GBP
XS	GOVPEUR	GBP
XU	GOVPEUR	GBP
XU	GOVPGBP	GBP
XU	GOVPUSD	GBP
XV	GOVPEUR	GBP
XV	GOVPGBP	GBP
XV	GOVPUSD	GBP
XW	GOVPUSD	GBP
XW	GOVPGBP	GBP
XW	GOVPEUR	GBP
XX	GOVPEUR	GBP
XX	GOVPGBP	GBP
XX	GOVPUSD	GBP
XZ	GOVPEUR	GBP
XZ	GOVPGBP	GBP
XZ	GOVPUSD	GBP

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

Full holdings

As of 2026-07-24 · the fund's own published holdings.

#	Company	Weight
24	US TREASURY N/B	0.7%
180	TREASURY BOND (2OLD)	0.3%
186	TREASURY NOTE (2OLD)	0.3%
191	TREASURY BOND (OLD)	0.3%
251	TREASURY BOND (OTR)	0.1%
274	BLK ICS USD LEAF AGENCY DIST	0.1%
277	TREASURY NOTE (OLD)	0.1%
290	TREASURY NOTE (OTR)	0.0%
293	TREASURY NOTE	0.0%
294	GBP CASH	0.0%
295	USD CASH	0.0%
297	EUR CASH	0.0%
298	TREASURY BOND	0.0%
299	AUD CASH	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 58% of similar ETFs💰 All-in cost cheaper than 63%📈 Higher 1-yr return than 31%📈 Higher 3-yr return than 23%📈 Higher 5-yr return than 22%📊 Behind its category by 1.1% (1-yr) (category average +1.5%)📊 Behind its category by 1.9% (3-yr) (category average +2.5%)📊 Behind its category by 1.4% (5-yr) (category average -1.6%)

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

Advanced risk

0.18

Sortino (3y) ?

0.11

Calmar (3y) ?

2.9%

Downside deviation ?

58%

Up months (hit rate) ?

£4.34

52-week high ?

£4.13

52-week low ?

Concentration depth

~229 ?

Effective number of holdings

Roughly 299 companies are held, but the largest names carry most of the weight — so it behaves like ~229 equal-sized positions.

Estimated fund flows

+€6.9M

Estimated net flow, last month

Estimated from fund-size changes.

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

	iShares $ Treasury Bond UCITS ETFiSharesYou'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	ICE U.S. Treasury Core Bond 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	0.10%	0.10%	0.10%	0.00%	0.10%	0.00%	0.00%
Fund size	€774.9M	€14.9B	€14.5B	€14.2B	€12.5B	€11.5B	€11B
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.	+0.7%		+2.1%	+0.2%		-0.2%	+0.1%
5-yr return p.a.	-3.1%		-0.1%	-3.6%		-3.0%	-1.2%
# holdings	299	97	97	49	93	102	97

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Data as of 2026-07-24 · Source: issuer data, compiled by Finance Hamster

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