The iShares $ Treasury Bond 1-3yr UCITS ETF USD (Acc) (IBTA) is an Ireland-domiciled fixed-income ETF managed by BlackRock and traded on the London Stock Exchange.

The fund seeks to track the performance of the ICE U.S. Treasury 1-3 Year Bond Index, a benchmark composed of U.S. dollar-denominated Treasury securities with remaining maturities between one and three years.

IBTA provides exposure to short-term U.S. sovereign fixed income. The ETF follows a passive investment strategy and uses physical replication through a sampling methodology to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The ICE U.S. Treasury 1-3 Year Bond Index includes U.S. dollar-denominated securities issued by the U.S. Treasury with remaining maturities between one and three years. The benchmark is rebalanced monthly, allowing its composition to adjust as securities approach maturity and new issues become eligible.

Composition / Exposure Profile

IBTA primarily provides exposure to:

• U.S. Treasury securities.

• U.S. dollar-denominated government bonds.

• Securities with remaining maturities between one and three years.

• Short-term sovereign fixed income.

The fund's geographic exposure is concentrated in the United States because its benchmark consists of securities issued by the U.S. Treasury.

By investing in securities with remaining maturities between one and three years, the fund has lower interest-rate sensitivity than strategies focused on longer-term Treasuries. Its performance is primarily influenced by conditions in the U.S. fixed-income market and changes in U.S. interest rates.

Structure and Costs

IBTA trades in U.S. dollars on the London Stock Exchange. Both the fund's base currency and the share class currency are the U.S. dollar. The same strategy is available through other share classes, including distributing and currency-hedged versions.

The ETF has a total expense ratio (TER) of 0.07% per year and uses a physical structure with a sampling methodology. IBTA is domiciled in Ireland, operates under the UCITS framework, and is part of iShares plc.

IBTA is an accumulating share class, meaning interest and other income generated by its holdings are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The iShares $ Treasury Bond 1-3yr UCITS ETF USD (Acc) (IBTA) was launched in 2017 as an accumulating share class providing exposure to U.S. Treasury securities with remaining maturities between one and three years.

Since its launch, IBTA has maintained a passive strategy linked to the ICE U.S. Treasury 1-3 Year Bond Index, using a physical portfolio of securities to track its benchmark. Throughout its history, the fund's performance has primarily reflected conditions in the short-term U.S. Treasury market and changes in U.S. interest rates.

Additional Information

iShares $ Treasury Bond 1-3yr UCITS ETF USD (Acc) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $4.79 billion.

Over the past 12 months, iShares $ Treasury Bond 1-3yr UCITS ETF USD (Acc) recorded a return of 1.71%, with its price trading between $5.85 and $5.98 during the same period.

The ETF is traded under the ticker IBTA.