Xtrackers US 0-1 Year Treasury ETF

Xtrackers US 0-1 Year Treasury ETF (TRSY) holds US Treasury securities that mature in one year or less. It tracks the ICE U.S. Treasury Short Bond Index. Its 0.06% expense ratio is half the 0.12% average of similar short-term Treasury funds. But it is small: net assets were $94.9 million as of August 31, 2026, far less than rivals such as SHV and SGOV.

• Over the year to Oct 27, 2026, TRSY returned +3.7%, 2nd of 8 among similar funds.
• Its worst full calendar year was 2025 (+4.2%); its best was 2025 (+4.2%).
• The deepest fall in its price history was 0.8% (Apr 28, 2025 to Apr 29, 2025), recovered by Jul 14, 2025.

As of Aug 31, 2026, the fund held 92 securities; the ten largest made up 29.22% of assets.

The bonds mature in 0.4 years on average (weighted by size), with an average coupon of 1.05%.

• Over the three months to Aug 31, 2026, investors added a net $23.5M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.26%, +0.34%, +0.30%.

TRSY is an index fund. It aims to match the ICE U.S. Treasury Short Bond Index, before fees. ICE Data Indices, which is not affiliated with the fund, runs the index. To get in, a Treasury security needs more than one month and no more than one year left until it matures. It also needs a fixed payment schedule and at least $300 million outstanding. The index leaves out inflation-linked bonds, floating-rate notes, STRIPS, retail savings bonds and agency debt such as Fannie Mae and Freddie Mac bonds. As of July 31, 2026, the index held 91 securities, and their weighted average maturity was 4.42 months.

Each security is weighted by how much of it is outstanding, minus the amount the Federal Reserve holds. The index rebalances on the last calendar day of each month. A new issue must be auctioned by that date to join the next month. Cash from bonds that mature during the month sits uninvested until month-end, which drags slightly on returns. The fund uses "representative sampling": it holds a sample of the index's bonds chosen to behave like the whole index. It keeps at least 80% of its assets in index securities and at least 80% in Treasuries.

TRSY is not a money market fund. Its share price does not stay fixed and can dip slightly. The fund may also lend up to one-third of its assets to other institutions in return for collateral.

• TRSY charges 0.06% a year, versus an average of 0.12% for the similar funds below (2nd of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $6 in the first year and $77 over 10 years (assuming a 5% annual return).

It holds only very short-term US Treasuries, so its price moves very little and it can serve as a cash-like reserve.

TRSY could serve as a cash reserve. As of August 31, 2026, its holdings averaged about 0.4 years to maturity, so changes in interest rates barely move its price. It launched in October 2024, so it has no record from the 2008, 2020 or 2022 downturns. Its only full calendar year, 2025, returned 4.25%. Its deepest drop was 0.8%, from April 28 to April 29, 2025. It made that back by July 14, about 2.5 months later. That steadiness matters most when you need cash in a bad year for stocks. The trailing 12-month yield was 3.44% as of October 27, 2026, paid monthly. That income will shrink if short-term rates fall, and it may not keep up with inflation. Under the SEC's standard example, costs are $6 a year on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by bond funds with the closest average maturity and issuer mix (N-PORT).