London Stock Exchange ETF segment · UCITS ETF
Invest in TRS3 ETF from India
Indian and foreign residents can buy State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (TRS3) units directly through Paasa.
By Paasa · Updated
TRS3 at a glance
- Price
- $47.28+$0.01 (0.01%)
- Expense ratio
- 0.05%
- Day range
- $47.28 – $47.30
- Assets
- $78.6M
- Domicile
- Ireland
- Holdings
- 99
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -0.69%
- 6 months
- -1.58%
- YTD
- -3.41%
- 1 year
- -2.29%
- 5 years
- -6.75%
Price change, excluding dividends.
Top 10 holdings
- 1US TREASURY N/B 3.5 01/31/20282.6%
- 2US TREASURY N/B 4.625 04/30/20291.8%
- 3US TREASURY N/B 4.25 06/30/20291.7%
- 4US TREASURY N/B 4.5 05/31/20291.6%
- 5US TREASURY N/B 2.875 05/15/20281.6%
- 6US TREASURY N/B 1.125 02/29/20281.6%
- 7US TREASURY N/B 4 01/31/20291.6%
- 8US TREASURY N/B 0.75 01/31/20281.6%
- 9US TREASURY N/B 4.25 01/15/20281.6%
- 10US TREASURY N/B 3.125 11/15/20281.5%
TRS3 holds 99 securities in total. These 10 are 17.2% of the fund.
Where the money is invested
Countries
- United States99.8%
- Other0.2%
How to invest in TRS3 from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search TRS3 and buy
Find the fund by its ticker, TRS3, on the London Stock Exchange ETF segment, and place your order.
Why invest in TRS3 from India
What TRS3 holds
This fund's primary goal is to replicate the returns generated by the market for short-term U.S. Treasury bonds.
Outside US estate tax
TRS3 is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
TRS3 is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Why TRS3's UCITS structure matters for Indian investors
TRS3 is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy TRS3 from India?
Yes. Indian residents can buy State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (TRS3) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does TRS3 invest in?
State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF holds 99 securities. Its largest holdings are US TREASURY N/B 3.5 01/31/2028 (2.6%), US TREASURY N/B 4.625 04/30/2029 (1.8%) and US TREASURY N/B 4.25 06/30/2029 (1.7%). It is a distributing fund domiciled in Ireland.
What is the expense ratio of TRS3?
State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF has an expense ratio of 0.05% a year, taken from the fund's assets rather than billed to you. The fund manages about $78.6M.
Is TRS3 a UCITS ETF, and why does that matter for Indian investors?
Yes. State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
How are TRS3 dividends taxed in India?
State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell TRS3?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.