Invest in Treasury Bills
Through investment funds at Openbank
What are Treasury Bills?
They are short-term fixed-income securities (normally with a 3, 6, 12 or 18-month maturity) issued by a government in an effort to secure financing. At Openbank, you can invest in treasury bills quickly and easily through investment funds.
Advantages of investing in Treasury Bills through investment funds
Treasury Bills
MUTUAFONDO DINERO
This fund invests exclusively in treasury bills and cash. Diversified portfolio with a minimum of 6 issues held at all times. No pre-fixed duration limit.
The average maturity of the fund’s portfolio is approximately 0.32 years2.
The internal rate of return (IRR) of this fund for the next 12 months is 3.50%2. Data is gross of fees and expenses, which in this case correspond to 0.42% of the total investment and are to be discounted from the IRR shown. The fund's return in 2022 was -0.63% and in 2023 is 1.47%2.
RENTA4 FONDTESORO CORTO PLAZO
Short-term fixed income fund (euro-denominated) that mainly invests in assets issued or guaranteed by the Spanish Treasury (primarily treasury bills). The average duration of its portfolio will not exceed 12 months.
The average maturity of the fund’s portfolio is approximately 0.43 years2.
The internal rate of return (IRR) of this fund for the next 12 months is 3.65%2. Data is gross of fees and expenses, which in this case correspond to 0.51% of the total investment and are to be discounted from the IRR shown. The fund's return in 2022 was -1.64% and in 2023 is 1.47%2.
BBVA FONDTESORO CORTO PLAZO
Short-term fixed income fund (euro-denominated) that mainly invests in assets issued or guaranteed by the Spanish Treasury (primarily treasury bills). The average duration of its portfolio will not exceed 12 months.
The average maturity of the fund’s portfolio is approximately 0.39 years2.
The internal rate of return (IRR) of this fund for the next 12 months is 3.46%2. Data is gross of fees and expenses, which in this case correspond to 0.43% of the total investment and are to be discounted from the IRR shown. The fund's return in 2022 was -0.84% and in 2023 is 1.35%2.
By clicking “Find out more”, you will be taken to the information sheet for each Investment Fund, where you can consult the 5-year return (or calculated from the fund's inception date, if less than 5 years old), among other details.
*Key Investor Information Document (KIID) risk scale. Risk rating 1 does not mean a risk-free investment. This indicator may change over time.
Other Target Return and short-term Fixed Income alternatives
SANTANDER OBJETIVO 9M AGO-24
This fund invests mainly in government bonds issued or guaranteed by EU states with a non-guaranteed estimated target return of 2.3% at maturity, which corresponds to 3.00% APR over 12 months.
NON-GUARANTEED NET APR3 of 3.00% for fund subscriptions made on 14/09/2023 and held until 31/07/2024.
BNP SUSTAINABLE ENHANCED 12M
This fund aims to achieve a performance that is higher than the return of the euro money market by actively investing in euro-denominated short- and medium-term bonds. It also follows a sustainable approach by evaluating issuers in line with strict environmental, social and good governance criteria.
The average maturity of the fund’s portfolio is approximately 0.98 years2.
The internal rate of return (IRR) of this fund for the next 12 months is 4.52%2. Data is gross of fees and expenses, which in this case correspond to 0.58% of the total investment and are to be discounted from the IRR shown. The fund's return in 2022 was -3.09% and in 2023 is 2.18%2.
CARMIGNAC SÉCURITÉ
The lion’s share of the fund’s portfolio is made up of bonds, debt securities or money market instruments, mainly demoninated in euros, as well as floating-rate bonds. The weighted average rating of the securities will be no lower than ‘investment grade’.
The average maturity of the fund’s portfolio is approximately 3.1 years2.
The internal rate of return (IRR) of this fund for the next 12 months is 5.2%2. Data is gross of fees and expenses, which in this case correspond to 1.22% of the total investment and are to be discounted from the IRR shown. The fund's return in 2022 was -4.75% and in 2023 is 1.22%2.
By clicking “Find out more”, you will be taken to the information sheet for each Investment Fund, where you can consult the 5-year return (or calculated from the fund's inception date, if less than 5 years old), among other details.
*Key Investor Information Document (KIID) risk scale. Risk rating 1 does not mean a risk-free investment. This indicator may change over time.
Please note that all investments bear some level of risk, including the lack of return, loss of invested capital and/or foreign exchange risk for non-euro-denominated products. The value of the investment is subject to market fluctuations and the return actually obtained may differ from that expressed in the Internal Rate of Return ("IRR") or APR due to potential changes in the assets held in the portfolio or the market performance of interest rates and issuer credit. This data is not a reliable indicator of future performance or the return actually obtained. Past performance is no guarantee of future results.
The level of risk and the information regarding each of the Investment Funds marketed by Open Bank, S.A. is detailed in the Prospectus or Key Investor Information Document (KIID) for each of the Investment Funds, available at www.openbank.es/en and www.cnmv.es.
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1 Source: Tesoro Público [Spanish Treasury] - Results of latest Treasury Bill auctions.
2 Internal rate of return (IRR) expressed as the return for the next 12 months on the bond issues in which each of the funds invests, taking the principal and coupon payments (if any) into account. Bear in mind that the value shown should no be considered the sole value of the potential return on the investment obtained by the investor. This IRR figure is gross of investment fund fees and the fund's ongoing charges must be deducted. These include fees for purchasing and holding the fixed-income issues in which the fund invests, which are implicitly deducted from the fund's daily net asset value and are expressed as an annual percentage. Risk on a scale of 1 to 7. Risk rating 1 does not mean a risk-free investment. Source for returns: Refinitiv. The 2022 return refers to the period between 01/01/2022 and 31/08/2022. The 2023 return refers to the period between 01/01/2023 and 31/08/2023. The returns shown are net of fees.
3 The ESTIMATED RETURN IS NOT GUARANTEED and the return actually obtained by the CIS may differ due to potential changes in the assets held in the portfolio or the market performance of interest rates and issuer credit.
APR, IRR and average maturity of the investment funds' portfolios are provided and reviewed by the asset managers and updated by Open Bank, S.A. at least once a month.
The information on this website is not intended to influence any decision of the recipient and does not represent a personalised recommendation of investment or advisory services, given that the financial situation, investment goals or other personal needs of the end investor, who is responsible for making a decision on their own investment based on the legal documentation of the Investment Funds prior to investing, have not been taken into account.
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