USD Ultra-Short Income Active UCITS ETF

USD Ultra-Short Income Active UCITS ETF

About

USD Ultra-Short Income Active UCITS ETF (IE00BDFC6Q91) is a UCITS-compliant bond ETF tracking the ICE BofA US 3-Month Treasury Bill Index. With a TER of 0.18%, it is competitively priced, distributing dividends. The fund holds 431 positions across 15 regions with 840M in assets, with heavy concentration — 32% in corporate bonds.

ISIN
Fund Size €840.2M
Issuer JPMorgan
Distribution Pays Dividends
Replication —
Inception Feb 2018
Base Currency USD
Index ICE BofA US 3-Month Treasury Bill Index
Asset Class Bonds
Category Money Market

Costs

7.6
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
Tracking Difference0.00%
TD Consistency0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

6.3
This fund holds 431 individual investments, offering moderate diversification compared to other ETFs.
#1
Cash and Cash Equivalent
0.05%
#2
United States Treasury Note/Bond
0.03%
#3
COOP RAB UA/N FRN Jan28
0.03%
#4
United States Treasury Note/Bond
0.01%
#5
SUNCORP BK NORFI DISC 11/27/26
0.01%
#6
MIZUHO BK LTD 4.2% 03/24/27
0.01%
#7
Home Depot Inc/The
0.01%
#8
Roche Holdings Inc
0.01%
#9
BANCO BILBAO VIZ 3.83% 8/31/26
0.01%
#10
FELLS POINT FUNDING TRUST 144A
0.01%

Sectors

4.8
This fund is concentrated in just a few of its 10 sectors, reducing diversification.

Regions

7.5
This fund invests across 16 countries, though its geographic allocation deviates somewhat from the global market.

Nerd Stuff

Advanced risk and return metrics (2023-06-04 — 2026-04-17).
1.0%
Volatility
-0.8%
Max Drawdown
-1.99
Sharpe Ratio
-2.12
Sortino Ratio
-2.55
Calmar Ratio
0.19
Beta
-7.95%
Alpha (Jensen's)
0.197
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
flatex
Trade
Free
Savings Plan
Free
Account
Free
Trade Republic
Trade
€1.00
Savings Plan
Free
Account
Free
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

Similar ETFs

Other funds tracking Money Market indices.
Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C
LU0290358497·TER 0.10%
7.6
Amundi Smart Overnight Return UCITS ETF Acc
LU1190417599·TER 0.10%
7.9
iShares € Ultrashort Bond UCITS ETF
IE00BCRY6557·TER 0.09%
8.5
Amundi EUR Overnight Return UCITS ETF Acc
FR0010510800·TER 0.10%
7.3
iShares $ Floating Rate Bond UCITS ETF
IE00BDFGJ627·TER 0.10%
8.1
BetaBuilders US Treasury Bond 0-1 yr UCITS ETF
IE00BJK3WF00·TER 0.07%
7.1
Feedback
ETFs
Basket
Compare
Millennial Index