EUR Ultra-Short Income Active UCITS ETF

EUR Ultra-Short Income Active UCITS ETF

About

EUR Ultra-Short Income Active UCITS ETF (IE00BL0BMX65) is a UCITS-compliant bond ETF tracking the ICE BofA 3-Month German Treasury Bill Index. With a TER of 0.18%, it is competitively priced, distributing dividends. The fund holds 252 positions across 21 regions with 1.7B 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 7.4 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 8.5 Tracking Difference: 9.7 · TD Consistency: — · Expense Ratio (TER): 5.8
Diversification (45%) 6.2 Holding Count: 5.5 · Country Concentration: 7.0 · Sector Concentration: 5.2
Liquidity (25%) 8.4 Assets Under Management

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

ISIN
Fund Size €1.7B
Issuer JPMorgan
Distribution Pays Dividends
Replication —
Inception Jun 2018
Base Currency EUR
Index ICE BofA 3-Month German Treasury Bill Index
Asset Class Bonds
Category Money Market

Costs

8.5
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%
 
Metric Value
TER 0.18%

Holdings

5.5
This fund holds 252 individual investments, offering moderate diversification compared to other ETFs.
#1
C
Cash and Cash Equivalent
5.65%
#2
B
Bundesobligation
3.63%
#3
D
DNB BANK ASA VAR Sep27 EMTN
2.04%
#4
A
Amazon.com Inc
1.47%
#5
D
DNB BANK ASA VAR Jan28 EMTN
1.45%
#6
C
CITIGROUP INC VAR Oct27 EMTN
1.42%
#7
B
Bank of America Corp
1.24%
#8
A
ANZ New Zealand Int'l Ltd/London
1.23%
#9
U
UniCredit SpA
1.18%
#10
F
French Republic Government Bond OAT
1.04%

Sectors

5.2
This fund invests across 8 sectors, though some concentration exists in a few areas.
 
Sector Weight
Unknown 4165.00%
Corporate Bonds 3064.00%
Financials 1983.00%
Government Bonds 540.00%
Consumer Discretionary 195.00%
Consumer Staples 28.00%
Materials 18.00%
Health Care 7.00%

Regions

7.0
This fund invests across 22 countries, though its geographic allocation deviates somewhat from the global market.
 
Country Weight
UNKNOWN 4165.00%
United States 1172.00%
United Kingdom 715.00%
Germany 636.00%
Canada 536.00%
France 501.00%
Spain 383.00%
Norway 349.00%
New Zealand 339.00%
Netherlands 257.00%
Sweden 202.00%
Finland 140.00%
Italy 118.00%
Australia 98.00%
Switzerland 98.00%
Denmark 65.00%
South Korea 58.00%
Cayman Islands 57.00%
Luxembourg 33.00%
Japan 29.00%
Belgium 28.00%
Ireland 21.00%

Nerd Stuff

Advanced risk and return metrics (2025-09-09 — 2026-04-17).
0.5%
Volatility
-0.5%
Max Drawdown
-4.08
Sharpe Ratio
-4.56
Sortino Ratio
-4.42
Calmar Ratio
0.00
Beta
-2.18%
Alpha (Jensen's)
0.001
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

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