SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Ticker: TSY3.L) is an exchange-traded fund that seeks to replicate, before fees and expenses, the performance of the Bloomberg U.S. Treasury 1-3 Years Index; it provides exposure to U.S. dollar-denominated debt issued by the U.S. Treasury with maturities between one and three years. The ETF offers investors a low-risk fixed income product focused on short-term government securities, characterized by high liquidity, minimal credit risk, and yields that serve as benchmarks for short-term interest rates; it distributes dividends quarterly and employs a sampling strategy to track the index. Sponsored by State Street Global Advisors (SSgA), founded in 1993 and headquartered in Boston, Massachusetts, the fund operates primarily in Europe as a UCITS-compliant vehicle, targeting institutional and retail investors seeking capital preservation and income in a USD Treasury segment.
The fund maintains a portfolio of investment-grade Treasuries across categories including Treasury notes and bonds with remaining maturities of one to three years; it excludes securities with less than one year to maturity or callable bonds. Geographically, it focuses on U.S. Treasury issuances while being listed on the London Stock Exchange for European accessibility, with additional listings on Deutsche Börse and others. SSgA, a subsidiary of State Street Corporation established in 1971, oversees the ETF as part of its broader SPDR ETF family, which includes fixed income, equity, and commodity products serving global markets.