GBP Ultra-Short Income Active UCITS ETF

GBP Ultra-Short Income Active UCITS ETF

About

GBP Ultra-Short Income Active UCITS ETF (IE00BG47J908) is a UCITS-compliant bond ETF tracking the ICE BofA Sterling 3-Month Government Bill Index. With a TER of 0.18%, it is competitively priced, reinvesting dividends. The fund holds 116 positions across 11 regions with 325M in assets, with heavy concentration — 33% in corporate bonds.

ISIN
Fund Size €325.5M
Issuer JPMorgan
Distribution Re-Invests Dividends
Replication —
Inception Jun 2018
Base Currency GBP
Index ICE BofA Sterling 3-Month Government Bill Index
Asset Class Bonds
Category Global Government Bond

Costs

7.8
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

4.0
With only 116 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
Cash and Cash Equivalent
0.05%
#2
United Kingdom Gilt
0.04%
#3
DNB BANK ASA V/R 08/17/27/GBP/
0.04%
#4
Morgan Stanley
0.03%
#5
Toronto-Dominion Bank/The
0.02%
#6
OP CORPORATE BANK PLC MTN RegS
0.02%
#7
CREDIT AGRIC V/R 11/29/27/GBP/
0.02%
#8
Bank of Nova Scotia/The
0.02%
#9
BPCE SA MTN RegS
0.02%
#10
NatWest Markets PLC
0.02%

Sectors

2.3
This fund is concentrated in just a few of its 4 sectors, reducing diversification.

Regions

6.7
This fund invests across 12 countries, though its geographic allocation deviates somewhat from the global market.

Nerd Stuff

Advanced risk and return metrics (2023-06-04 — 2026-04-17).
0.3%
Volatility
-0.4%
Max Drawdown
0.80
Sharpe Ratio
1.93
Sortino Ratio
0.60
Calmar Ratio
0.04
Beta
1.73%
Alpha (Jensen's)
0.023
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.
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

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