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 900M in assets, with heavy concentration — 31% in corporate bonds.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jul 2, 2026
Component Score Details
Overall 7.2 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 7.6 Tracking Difference: 10.0 · TD Consistency: 2.1 · Expense Ratio (TER): 5.8
Diversification (45%) 6.6 Holding Count: 6.4 · Country Concentration: 7.6 · Sector Concentration: 4.8
Liquidity (25%) 7.8 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

ISIN
Fund Size $900.4M
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%
 
Metric Value
TER 0.18%
Tracking Difference (avg) 0.88%
TD Consistency (std dev) 0.79%

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%
 
Period Cumulative Return
1 Month +0.30%
3 Months +0.71%
6 Months +1.80%
1 Year +4.39%
3 Years +5.13%
5 Years +3.58%
10 Years —
YTD +1.39%
Since Inception +28.90%

Holdings

6.4
This fund holds 431 individual investments, offering moderate diversification compared to other ETFs.
#1
C
Cash and Cash Equivalent
7.29%
#2
U
United States Treasury Note/Bond
3.06%
#3
C
COOP RAB UA/N FRN Jan28
2.75%
#4
U
United States Treasury Note/Bond
1.02%
#5
S
SUNCORP BK NORFI DISC 11/27/26
0.96%
#6
M
MIZUHO BK LTD 4.2% 03/24/27
0.95%
#7
H
Home Depot Inc/The
0.91%
#8
R
Roche Holdings Inc
0.91%
#9
B
BANCO BILBAO VIZ 3.83% 8/31/26
0.88%
#10
F
FELLS POINT FUNDING TRUST 144A
0.74%

Sectors

4.8
This fund is concentrated in just a few of its 10 sectors, reducing diversification.
 
Sector Weight
Unknown 5058.00%
Corporate Bonds 3113.00%
Financials 884.00%
Government Bonds 411.00%
Industrials 161.00%
Technology 114.00%
Health Care 73.00%
Consumer Discretionary 71.00%
Utilities 63.00%
Consumer Staples 52.00%

Regions

7.6
This fund is well-diversified across 16 countries, closely matching the global market.
 
Country Weight
UNKNOWN 5058.00%
United States 3288.00%
Canada 496.00%
Netherlands 334.00%
United Kingdom 312.00%
France 104.00%
Spain 102.00%
Switzerland 70.00%
Ireland 56.00%
Japan 53.00%
Australia 47.00%
MULT 26.00%
Finland 19.00%
Denmark 17.00%
New Zealand 10.00%
Cayman Islands 8.00%

Nerd Stuff

Advanced risk and return metrics (2023-07-02 — 2026-04-17).
1.0%
Volatility
-0.8%
Max Drawdown
-2.00
Sharpe Ratio
-2.13
Sortino Ratio
-2.57
Calmar Ratio
0.19
Beta
-7.46%
Alpha (Jensen's)
0.195
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.
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