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State Street® SPDR® Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Acc)Index, costs, backtest, listings and taxation

ISIN: IE000ZMFFPP4Ticker: TRA3 (Borsa Italiana) · TRA3 (London SE)Issuer: SPDR
Issuer-declared data
TER
0.05%
Transaction costs
0.03% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
69.1 mln EUR
NAV
10.05 USD (30 August 2026)
Domicile
Ireland
Inception date
22 February 2026
Data as declared by SPDR in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

State Street® SPDR® Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Acc) tracks the issuer-declared index: Bloomberg U.S. 1-3 Year Treasury Bond Index. The declared annual cost (TER) is 0.05%, plus 0.03% in transaction costs estimated by the issuer in the KID. Replication is stratified-sampling physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 69 million euro, was launched on 22 February 2026 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

Investment objective The investment objective of the Fund is to seek to track the performance of the short-dated U.S. Treasury bond market. The Fund is an index tracking fund (also known as a passively managed fund). Investment policies The Fund invests primarily in securities included in the Index. These securities will include public (government) obligations of the U.S. Treasury with a maturity between 1 and up to (but not including) 3 years. As it may be difficult to purchase all securities in the Index efficiently, in seeking to track the performance of the Index the Fund will use a a stratified sampling strategy to build a representative portfolio. Consequently, the Fund will typically hold only a subset of the securities included in the Index. In limited circumstances the Fund may purchase securities that are not included in the Index. The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, shares of the Fund may be purchased or sold through brokers on one or more stock exchanges. The Fund trades on these stock exchanges at market prices which may fluctuate throughout the day. Market prices may be greater or less than the daily net asset value of the Fund. The Fund's maximum exposure to securities lending as a percentage of its Net Asset Value will not exceed 70%. Shareholders may redeem shares on any UK business day (other than days on which relevant financial markets are closed for The Shares of the USD Class are issued in U.S. Dollar. Index Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg's licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith. Index Source: The Index is the intellectual property of the Index provider. The Fund is not sponsored or endorsed by the Index provider. The Index provider does not provide any warranty or accept any liability in relation to any error relating to the Index, including any error in respect of the quality, accuracy or completeness of Index data, and does not guarantee that the Index will be in line with the described Index methodology. Please see the Prospectus for the full index disclaimer.

Keep reading the KID section ▾

Intended retail investorThis Fund is intended for investors who plan to stay invested for at least 3 years and are prepared to take on a medium-high level of risk of loss to their original capital in order to get a higher potential return. It is designed to form part of a portfolio of investments. Practical information Depositary The Fund depositary is State Street Custodial Services (Ireland) Limited.

From the KID’s “Objectives” section · 5 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.05%: below the median of bond ETFs we track (0.15%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Feb 2026 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+0.5%
Annualised
+1.0%
Volatility (ann.)
1.4%
Max drawdown
-0.83%
-4%-2%+0%+2%+4%Feb 2026Apr 2026Jun 2026Jul 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+1%Feb 2026Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-1%-2%-3%-4%2026−0.83% · 26 Mar 2026
Max drawdown
-0.83%
peak → trough
Trough
26 Mar 2026
from the 27 Feb 2026 peak
Recovery time
92 days
recovery only: trough to break-even · ≈ 3 months
Underwater
119 days
decline + recovery: peak to break-even · ≈ 4 months · → recovered on 26 Jun 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
27 Feb 202626 Mar 2026-0.83%26 Jun 2026119
25 Aug 202601 Sept 2026-0.29%ongoing9
15 Jul 202623 Jul 2026-0.27%30 Jul 202615
06 Jul 202613 Jul 2026-0.20%15 Jul 20269
29 Jun 202601 Jul 2026-0.11%06 Jul 20267
Source: SPDR. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

Full history
Volatility (ann.)5.69%
Max drawdown-2.59%
Sharpe0.27
Sortino0.37
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.25%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Duration and maturities

Duration · effective duration
1.85years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
< 1 year
0.06%
1–3 years
99.94%

Source: factsheet SPDR, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
Aaa
0.06%
Aa
99.94%

Source: factsheet SPDR, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
97
Top-10 weight
17.4%

Top 10 holdings

US TREASURY N/B 3.5 01/31/2028
2.61%
US TREASURY N/B 4.625 04/30/2029
1.86%
US TREASURY N/B 4.25 06/30/2029
1.77%
US TREASURY N/B 2.875 05/15/2028
1.64%
US TREASURY N/B 4 01/31/2029
1.61%
US TREASURY N/B 1.125 02/29/2028
1.60%
US TREASURY N/B 4.125 03/31/2029
1.59%
US TREASURY N/B 3.125 11/15/2028
1.58%
US TREASURY N/B 3.75 04/15/2028
1.58%
US TREASURY N/B 4.25 01/15/2028
1.58%
Download the full portfolio — Excel, 97 rows
Full portfolio declared by SPDR, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Index tracked

Bloomberg U.S. 1-3 Year Treasury Bond Index
This fund belongs to the government bonds family: compare all census ETFs in this family →

Italian taxation

Effective rate on capital gains
12.63%
White-list share
99.04%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)TRA325 Feb 2026
+ 5 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does State Street® SPDR® Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Acc) track?
The issuer SPDR declares the benchmark: Bloomberg U.S. 1-3 Year Treasury Bond Index.
How much does TRA3 cost?
The issuer-declared TER is 0.05% per year; the transaction costs estimated in the KID are 0.03%.
How is TRA3 taxed in Italy?
On sale, the capital gain is taxed at an effective 12.63% rate (white-list share 99.04%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of TRA3?
The fund size declared by SPDR is about 69 million euro.
When was TRA3 launched?
The fund was launched on 22 February 2026: it has been trading for 195 days: the page fills up as the issuer publishes data.
How does TRA3 replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (sampled) (issuer wording: “Stratified Sampling”).
Does TRA3 pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulation”).
How many securities does TRA3 hold?
The declared portfolio holds 97 securities; the top 10 positions weigh 17.4%.
Transparency note
The data in this sheet is declared by SPDR in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.