US Treasury Bond ETF (Currency Hedged) (USTB) – Global X ETFs Australia
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USTB

US Treasury Bond ETF (Currency Hedged)

Invest in USTB
Overview Performance Holdings & Characteristics Research Documents Announcements FAQs

Reasons to Consider USTB

Diversification

Exposure to US Treasuries ranging from 1-30 year maturities.

Competitive Cost

At a 0.19% management fee, USTB offers access to US Treasuries via the ASX at a competitive cost.

Alternative Income Source

USTB seeks to generate income while mitigating risk.

Product Information As of 24 Apr 2024

Inception Date 1 Jul 2022
Management Costs (% p.a.) 0.19
Currency Hedged Yes
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 24 Apr 2024

NAV/Unit (A$) 9.00080000
Currency (NAV) AUD
Shares Outstanding 83,410,687
AUM (A$) 750,763,651.40
NAV History File View

Product Summary

The Global X US Treasury Bond ETF (Currency Hedged) (USTB) invests in US Treasuries across the yield curve while providing currency hedging.

Product Objective

The Global X US Treasury Bond ETF (Currency Hedged) (USTB) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the iBoxx $ Treasuries Index (AUD Hedged).

Trading Details

Ticker USTB
Bloomberg Code USTB AU Equity
ISIN AU0000227712
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited

Benchmark Information

Benchmark iBoxx $ Treasuries Index (AUD Hedged)
Provider IHS Markit
Ticker IBXXTRA2

Distributions As of 28 Mar 2024

12-Month Yield 2.58%
12-Month Franking Level 0.00%
Distribution Frequency Quarterly
Distribution History View

Portfolio Characteristics As of 24 Apr 2024

Current Yield (%) 3.03
Yield to Maturity (%) 4.76
Average Maturity (Yrs) 8.03
Modified Duration (%) 6.06
Moody’s Credit Rating Aaa

Performance Table As of 24 Apr 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month -2.20% -2.19% -0.01% 0.03%
3 Months -1.95% -1.93% -0.02% 0.05%
1 Year -4.04% -4.06% 0.02% 1.80%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. -3.69% -3.78% 0.09% 1.51%

Top Holdings As of 24 Apr 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
0.92 T 4 1/2 11/15/33 BRBS4K9 99.14 45,429 6,954,150
0.82 T 3 7/8 08/15/33 BRT3QG6 94.44 42,438 6,188,099
0.78 T 4 1/8 11/15/32 BQXS7B2 96.53 39,540 5,893,440
0.77 T 1 5/8 05/15/31 BMHV4S5 82.19 46,141 5,855,334
0.75 T 1 1/8 02/15/31 BM9WFM7 80.03 46,137 5,701,186
0.74 T 0 7/8 11/15/30 BN7JWT3 79.09 45,807 5,594,185
0.73 T 3 3/8 05/15/33 BQYLTK3 90.91 39,604 5,559,004
0.73 T 3 1/2 02/15/33 BQXLPX9 91.97 39,047 5,544,788
0.73 T 2 7/8 05/15/32 BPSLLY0 88.34 40,427 5,514,486
0.71 T 1 3/8 11/15/31 BMCNFW7 79.48 43,947 5,393,514
0.69 T 2 3/4 08/15/32 BQHM4D1 87.20 39,043 5,256,926
0.69 T 1 7/8 02/15/32 BM96PV8 82.16 41,362 5,246,924
0.68 T 0 5/8 08/15/30 BMDNWC5 78.29 42,478 5,134,810
0.62 T 4 02/15/34 BS2G1B9 95.28 32,084 4,720,208
0.57 T 0 5/8 05/15/30 BMHCRF6 79.02 35,285 4,304,955
0.57 T 3 1/8 11/15/28 BGRW840 93.70 29,651 4,289,535
0.55 T 2 5/8 02/15/29 BJ7G9F1 91.31 29,439 4,150,578
0.55 T 2 3/8 05/15/29 BK1WFV0 89.86 29,821 4,137,582
0.54 T 4 3/4 11/15/53 BRBS4M1 100.38 26,415 4,093,956
0.53 T 2 7/8 08/15/28 BFZLQP9 93.01 28,217 4,052,182
0.52 T 2 7/8 05/15/28 BD59D36 93.32 27,543 3,968,718
0.52 T 1 3/4 11/15/29 BKVKB83 86.28 29,614 3,945,180
0.52 T 2 1/8 05/15/25 BXC4FY9 96.91 26,276 3,931,881
0.52 T 1 5/8 08/15/29 BK9DLB7 86.09 29,466 3,917,006
0.51 T 1 1/2 02/15/30 BK8ZZ12 84.18 29,934 3,890,731
0.51 T 2 1/4 11/15/25 BYQ26R6 95.85 26,035 3,853,019
0.50 T 1 1/4 08/15/31 BMWVP09 79.34 31,088 3,808,656
0.50 T 4 1/4 02/28/29 BMG7NM1 98.34 25,047 3,803,331
0.50 T 2 08/15/25 BYS2RD7 96.12 25,595 3,798,590
0.50 T 4 5/8 02/28/26 BMG7NL0 99.40 24,670 3,786,374
0.50 T 2 3/4 02/15/28 BG0D0D3 93.17 26,129 3,758,891
0.47 T 1 5/8 02/15/26 BD2C0G0 94.23 24,711 3,595,249
0.47 T 2 11/15/26 BZ1BP78 93.25 24,960 3,593,840
0.47 T 4 1/4 01/31/26 BPJM960 98.76 23,533 3,588,626
0.47 T 2 3/8 05/15/27 BF0T9Y8 93.22 24,848 3,576,459
0.47 T 4 01/31/29 BPJM982 97.26 23,808 3,575,197
0.47 T 1 1/2 08/15/26 BDH26G7 92.67 24,953 3,570,543
0.47 T 2 1/4 02/15/27 BYPG9T2 93.38 24,761 3,569,973
0.47 T 1 5/8 05/15/26 BYZ2XV0 93.60 24,693 3,568,781
0.46 T 2 1/4 08/15/27 BF53YJ5 92.40 24,692 3,522,733
0.46 T 2 1/4 11/15/27 BF92XX5 91.92 24,782 3,517,354
0.46 T 4 1/8 08/15/53 BRT3QH7 90.33 24,955 3,480,519
0.46 T 4 1/4 12/31/25 BRT4MH2 98.77 22,760 3,471,129
0.45 T 0 7/8 06/30/26 BMBYXC7 91.79 24,191 3,428,521
0.45 T 0 1/2 02/28/26 BLKH0X0 92.18 24,026 3,419,523
0.45 T 0 3/8 01/31/26 BMZ2XK5 92.25 23,960 3,412,614
0.45 T 3 3/4 12/31/28 BRT4MG1 96.22 22,974 3,413,222
0.45 T 0 3/4 03/31/26 BMDNPN7 92.36 23,871 3,404,007
0.45 T 0 3/4 04/30/26 BMDV7M4 92.06 23,831 3,387,482
0.45 T 0 3/4 08/31/26 BN4FTY8 90.95 24,117 3,386,576
0.44 T 0 7/8 09/30/26 BMCV833 90.99 23,973 3,368,117
0.44 T 4 7/8 11/30/25 BNTC739 99.75 21,811 3,359,259
0.44 T 4 1/4 03/15/27 BQ2MK50 98.58 22,074 3,359,794
0.44 T 1 1/8 10/31/26 BN7DP63 91.28 23,834 3,359,167
0.44 T 0 5/8 07/31/26 BMD9ZB3 90.95 23,769 3,338,068
0.44 T 0 3/4 05/31/26 BM9BQT8 91.77 23,552 3,337,054
0.44 T 1 1/4 04/30/28 BLPKDT1 87.47 24,672 3,332,152
0.44 T 1 1/8 02/29/28 BLKH0Y1 87.48 24,582 3,320,284
0.44 T 1 1/4 05/31/28 BM9BQW1 87.26 24,635 3,319,053
0.44 T 1 1/4 03/31/28 BMDNPR1 87.69 24,502 3,317,345
0.43 T 1 1/4 11/30/26 BP39M24 91.34 23,346 3,292,656
0.43 T 0 3/8 12/31/25 BNNXCK0 92.58 22,966 3,282,904
0.43 T 0 3/4 01/31/28 BMZ2XM7 86.41 24,582 3,279,895
0.43 T 4 7/8 10/31/28 BMWPXZ2 100.84 21,036 3,275,181
0.43 T 1 1/4 06/30/28 BMBYXD8 87.05 24,264 3,261,122
0.43 T 1 1/8 08/31/28 BN4FTZ9 86.13 24,498 3,258,045
0.43 T 1 3/8 10/31/28 BN7DP74 86.70 24,314 3,255,049
0.43 T 4 3/8 11/30/28 BNTC728 98.84 21,233 3,240,589
0.43 T 1 07/31/28 BMD9ZD5 85.88 24,436 3,240,052
0.43 T 4 1/8 02/15/27 BS2G197 98.25 21,271 3,226,932
0.42 T 2 1/4 05/15/41 BMCXZ94 70.11 29,822 3,228,296
0.42 T 1 1/4 09/30/28 BMCV844 86.41 24,133 3,219,706
0.42 T 0 3/8 11/30/25 BLH34N9 92.90 22,427 3,216,982
0.42 T 5 10/31/25 BMWPY04 99.91 20,658 3,186,690
0.42 T 1 1/4 12/31/26 BPP1JT4 91.14 22,607 3,181,312
0.42 T 1 1/2 11/30/28 BP39M35 87.02 23,483 3,155,398
0.41 T 4 11/15/52 BQXS7C3 88.41 22,799 3,112,103
0.41 T 1 1/2 01/31/27 BKMH699 91.52 21,881 3,091,807
0.41 T 0 1/4 10/31/25 BMYVTV6 93.06 21,510 3,090,774
0.41 T 0 5/8 12/31/27 BNNXCL1 86.26 23,146 3,082,733
0.41 T 4 01/15/27 BQPG6W8 97.95 20,340 3,076,082
0.40 T 1 7/8 11/15/51 BMCNFZ0 55.92 35,627 3,076,250
0.40 T 4 3/8 12/15/26 BM92T47 98.91 20,057 3,063,085
0.40 T 1 7/8 02/15/41 BMT9GQ9 66.14 29,594 3,022,287
0.40 T 0 1/4 09/30/25 BMT6SJ7 93.40 20,864 3,008,926
0.40 T 1 7/8 02/28/27 BP94LV5 92.29 21,027 2,996,243
0.39 T 4 5/8 09/30/28 BMX7M72 99.80 19,388 2,987,466
0.39 T 4 5/8 11/15/26 BRBS4G5 99.50 19,337 2,970,768
0.39 T 0 5/8 11/30/27 BLH34Q2 86.53 22,028 2,943,133
0.39 T 5 09/30/25 BMX7M61 99.90 19,044 2,937,459
0.39 T 2 3/8 05/15/51 BMHV4V8 63.64 29,899 2,937,985
0.38 T 1 3/4 08/15/41 BLDBLR0 63.89 29,589 2,918,974
0.38 T 1 3/8 12/31/28 BPP1JW7 86.30 21,848 2,911,154
0.38 T 2 1/2 03/31/27 BPRT3V6 93.84 20,014 2,899,976
0.38 T 0 1/4 08/31/25 BMV9TX5 93.74 19,950 2,887,594
0.38 T 3 5/8 05/15/53 BQYLTM5 82.45 22,727 2,893,421
0.38 T 3 5/8 02/15/53 BQXLPR3 82.41 22,568 2,871,577
0.38 T 1 3/4 01/31/29 BN95VM5 87.67 21,038 2,847,838
0.37 T 2 3/4 04/30/27 BQ2GVM6 94.36 19,440 2,832,340
0.37 T 1 3/8 11/15/40 BNG0BM3 60.97 30,025 2,826,551
0.37 T 0 1/4 07/31/25 BMXXZ93 94.11 19,332 2,808,960
0.37 T 4 5/8 10/15/26 BRWHW78 99.48 18,137 2,785,945
0.37 T 2 5/8 05/31/27 BK93979 93.86 19,177 2,779,197
0.37 T 4 3/8 08/31/28 BMGC3Q0 98.81 18,213 2,778,745
0.36 T 5 08/31/25 BMGC3P9 99.87 17,908 2,761,524
0.36 T 0 1/2 10/31/27 BMYVTX8 86.39 20,653 2,754,969
0.36 T 3 1/4 06/30/27 BQC7W15 95.59 18,449 2,723,160
0.36 T 4 5/8 02/15/40 B3M3870 98.83 17,672 2,696,704
0.35 T 4 5/8 09/15/26 BP5X257 99.45 17,485 2,685,045
0.35 T 4 3/8 11/15/39 B59RHH2 96.17 17,948 2,665,145
0.35 T 2 08/15/51 BMWVP21 57.92 29,759 2,661,507
0.35 T 1 7/8 02/28/29 BP94LT3 88.05 19,525 2,654,588
0.35 T 4 1/4 02/15/54 BS2G1C0 92.39 18,634 2,658,256
0.35 T 4 1/8 09/30/27 BN6ML41 98.07 17,501 2,650,083
0.35 T 2 3/4 07/31/27 BQ7Y9P4 93.97 18,257 2,648,974
0.35 T 0 1/4 05/31/25 BLB6SL0 94.80 17,945 2,626,746
0.35 T 4 1/8 10/31/27 BNTVWV9 98.01 17,365 2,627,817
0.35 T 2 7/8 06/15/25 BQB7JY8 97.50 17,417 2,621,902
0.35 T 0 1/4 06/30/25 BL5BXQ1 94.46 17,968 2,620,547
0.35 T 2 3/4 05/15/25 BPSLLX9 97.54 17,384 2,618,066
0.34 T 2 7/8 05/15/52 BPSLLZ1 70.92 23,913 2,618,615
0.34 T 3 7/8 11/30/27 BP4XZ15 97.18 17,350 2,603,326
0.34 T 4 1/8 07/31/28 BNTDWZ9 97.86 17,218 2,601,632
0.34 T 4 06/30/28 BQXV186 97.41 17,247 2,593,911
0.34 T 4 3/4 02/15/41 B3RFGR7 99.78 16,845 2,595,311
0.34 T 4 5/8 06/30/25 BQXV164 99.43 16,852 2,587,019
0.34 T 4 1/4 05/31/25 BP489V8 99.03 16,895 2,583,220
0.34 T 4 3/4 07/31/25 BNTDWY8 99.58 16,783 2,580,489
0.34 T 4 3/4 11/15/43 BP0VPN5 98.75 16,963 2,586,394
0.34 T 2 11/15/41 BPBMDF5 66.48 25,173 2,584,171
0.34 T 2 3/8 03/31/29 BPRT3T4 90.03 18,540 2,577,302
0.34 T 0 3/8 09/30/27 BMT6SK8 86.29 19,325 2,574,706
0.34 T 1 7/8 02/15/51 BM9WFN8 56.31 29,553 2,569,602
0.34 T 3 5/8 05/31/28 BP489T6 96.05 17,269 2,561,058
0.34 T 3 07/15/25 BMQ53Q9 97.53 16,959 2,553,785
0.34 T 2 5/8 04/15/25 BNGDFD1 97.60 16,907 2,547,843
0.33 T 3 5/8 03/31/28 BRPT260 96.15 17,097 2,538,155
0.33 T 3 7/8 12/31/27 BMCVF10 97.15 16,917 2,537,518
0.33 T 4 3/8 08/15/26 BRT3QF5 98.91 16,585 2,532,790
0.33 T 4 3/8 05/15/40 B3TCBS2 95.86 17,096 2,530,432
0.33 T 3 1/8 08/31/27 BQ0LV01 95.02 17,118 2,511,334
0.33 T 4 1/4 02/28/31 BMG7NX2 97.84 16,619 2,510,745
0.33 T 0 1/2 08/31/27 BMV9TY6 86.97 18,661 2,505,896
0.33 T 4 02/29/28 BMTY6H5 97.50 16,603 2,499,556
0.33 T 2 7/8 04/30/29 BQ2GVL5 92.12 17,565 2,498,280
0.33 T 3 08/15/52 BQHM4F3 72.78 22,220 2,497,057
0.33 T 3 1/8 08/15/25 BQHM4C0 97.52 16,500 2,484,551
0.33 T 3 1/2 04/30/28 BMDLR24 95.65 16,769 2,476,465
0.33 T 4 1/2 08/15/39 B43HGR4 97.73 16,423 2,478,350
0.33 T 4 3/8 05/15/41 BYQLV12 95.19 16,854 2,477,138
0.32 T 3 3/8 11/15/48 BGRW851 78.95 20,251 2,468,757
0.32 T 1 1/8 08/15/40 BKVKF47 58.63 27,222 2,464,085
0.32 T 4 1/2 11/15/25 BQVW426 99.18 16,029 2,454,636
0.32 T 0 3/8 04/30/25 BMWWQN2 95.31 16,658 2,451,396
0.32 T 4 5/8 03/15/26 BQXJJZ3 99.40 15,946 2,447,396
0.32 T 3 1/2 01/31/28 BL6BW07 95.81 16,497 2,440,556
0.32 T 3 5/8 05/15/26 BQYLTJ2 97.50 16,184 2,436,457
0.32 T 4 1/2 07/15/26 BRBP392 99.18 15,903 2,435,296
0.32 T 4 12/15/25 BL6JPN5 98.40 15,956 2,424,144
0.32 T 4 01/31/31 BPJM959 96.39 16,305 2,426,652
0.32 T 4 1/8 06/15/26 98.43 15,925 2,420,318
0.32 T 3 7/8 01/15/26 BNNMQW7 98.14 15,961 2,418,708
0.32 T 1 5/8 11/15/50 BN7JWV5 52.75 29,748 2,422,913
0.32 T 3 1/2 09/15/25 BNHSXS6 97.89 15,940 2,409,428
0.32 T 4 3/8 08/15/43 BQC4SL8 94.05 16,622 2,413,718
0.32 T 3 7/8 04/30/25 BMDLR13 98.73 15,738 2,399,098
0.32 T 4 7/8 10/31/30 BMWPXY1 101.34 15,302 2,394,380
0.31 T 4 1/4 11/15/40 B5M0864 94.03 16,477 2,392,308
0.31 T 4 1/4 10/15/25 BPTH5G7 98.87 15,602 2,381,699
0.31 T 2 1/4 02/15/52 BM96PW9 61.48 25,118 2,384,540
0.31 T 4 02/15/26 BQXLPS4 98.32 15,633 2,373,365
0.31 T 2 3/4 05/31/29 BK939H9 91.46 16,635 2,349,202
0.31 T 3 3/4 04/15/26 BN6QD47 97.80 15,439 2,331,297
0.31 T 3 3/4 12/31/30 BRT4MF0 94.98 15,890 2,330,477
0.31 T 4 3/8 11/30/30 BNTC717 98.53 15,287 2,325,718
0.30 T 3 7/8 08/15/40 B50PG34 89.95 16,618 2,308,105
0.30 T 4 1/4 05/15/39 B41K8R9 95.20 15,647 2,300,119
0.30 T 3 02/15/49 BJ7G9G2 73.56 20,257 2,300,852
0.30 T 3 1/4 06/30/29 BQC7W26 93.61 15,830 2,288,061
0.30 T 3 7/8 03/31/25 BRPT259 98.82 14,946 2,280,609
0.30 T 3 3/4 08/15/41 B459474 87.61 16,881 2,283,519
0.30 T 0 3/8 07/31/27 BMXXZ82 86.88 16,940 2,272,269
0.30 T 3 1/4 05/15/42 BMDPZG6 80.84 18,087 2,257,782
0.30 T 4 5/8 09/30/30 BMX7M83 99.94 14,588 2,251,001
0.29 T 2 7/8 05/15/49 BK1WFY3 71.70 20,215 2,238,109
0.29 T 2 3/8 02/15/42 BNYF3R9 70.58 20,358 2,218,477
0.29 T 0 1/2 03/31/25 BKPSY51 95.78 14,896 2,202,828
0.29 T 3 3/4 11/15/43 BGK9QZ5 85.91 16,616 2,204,009
0.29 T 3 5/8 08/15/43 BCZQWC2 84.48 16,749 2,184,822
0.29 T 0 1/2 06/30/27 BL5BXR2 87.54 16,132 2,180,510
0.29 T 1 3/8 08/15/50 BMDNWD6 49.25 28,577 2,173,150
0.29 T 4 11/15/42 BL56GP6 89.72 15,684 2,172,652
0.29 T 3 08/15/48 BFZLQN7 73.69 19,092 2,172,258
0.28 T 3 5/8 02/15/44 BJT0ZC0 84.20 16,478 2,142,424
0.28 T 4 1/8 08/31/30 BMGC3L5 97.21 14,217 2,134,009
0.28 T 3 7/8 05/15/43 BLB3TM9 87.83 15,640 2,120,907
0.28 T 2 5/8 07/31/29 BQ7Y9N2 90.66 15,091 2,112,510
0.28 T 3 7/8 09/30/29 BN6ML52 96.33 14,195 2,111,257
0.28 T 3 3/8 05/15/44 BM7S970 80.92 16,848 2,105,144
0.28 T 3 7/8 02/15/43 BMXHQM5 87.98 15,394 2,091,253
0.27 T 3 1/8 11/15/41 B6ZKRY9 79.86 16,836 2,076,002
0.27 T 3 1/8 08/31/29 BQ0LV12 92.88 14,435 2,070,019
0.27 T 4 07/31/30 BNTDWX7 96.56 13,880 2,069,481
0.27 T 3 7/8 11/30/29 BP4XZ04 96.25 13,898 2,065,448
0.27 T 3 1/8 02/15/42 B7FRYY6 79.59 16,833 2,068,744
0.27 T 3 3/4 05/31/30 BP489S5 95.31 13,991 2,059,069
0.27 T 4 10/31/29 BNTVWS6 96.88 13,705 2,050,222
0.27 T 0 1/2 05/31/27 BLB6SP4 87.80 15,034 2,038,000
0.27 T 4 02/28/30 BMTY6J7 96.74 13,644 2,038,123
0.27 T 2 3/8 11/15/49 BKVKB94 64.38 20,514 2,039,086
0.27 T 3 7/8 12/31/29 BMCVF21 96.20 13,689 2,033,292
0.27 T 3 3/4 06/30/30 BMY8B88 95.27 13,804 2,030,693
0.27 T 3 1/2 01/31/30 BL6BVY4 94.27 13,920 2,026,239
0.27 T 3 5/8 03/31/30 BRPT271 94.78 13,782 2,016,898
0.27 T 3 1/2 04/30/30 BMDLR35 94.09 13,855 2,012,804
0.26 T 3 05/15/42 BYQLTY1 77.80 16,645 1,999,368
0.26 T 3 1/8 02/15/43 B89T3Q0 78.64 16,383 1,989,341
0.26 T 3 05/15/45 BXC4FZ0 75.47 16,927 1,972,441
0.26 T 3 11/15/45 BYQP1M5 75.14 16,989 1,971,031
0.26 T 3 3/8 08/15/42 BJLVKG0 82.16 15,502 1,966,476
0.26 T 3 1/8 05/15/48 BG5NQ30 75.55 16,818 1,961,810
0.26 T 1 1/8 05/15/40 BMFKWB3 59.22 21,443 1,960,670
0.26 T 2 1/4 08/15/49 BK9DLC8 62.66 20,233 1,957,426
0.26 T 2 3/4 11/15/42 B8JB195 74.25 16,933 1,941,292
0.26 T 3 11/15/44 BSJWZQ3 75.83 16,565 1,939,473
0.25 T 2 3/4 08/15/42 B75JF50 74.52 16,834 1,936,822
0.25 T 3 1/8 08/15/44 BPYD753 77.61 16,153 1,935,694
0.25 T 2 7/8 05/15/43 B8W8CX4 75.38 16,550 1,926,095
0.25 T 2 5/8 01/31/26 BGC26F2 96.01 12,929 1,916,715
0.25 T 3 02/15/48 BG0D0F5 73.91 16,674 1,902,793
0.25 T 0 1/2 04/30/27 BMWWQX2 88.09 13,942 1,896,334
0.25 T 2 5/8 12/31/25 BHN7686 96.17 12,764 1,895,356
0.25 T 2 02/15/50 BK8ZZ34 58.75 20,825 1,889,080
0.25 T 2 1/2 02/28/26 BJKRNY8 95.66 12,706 1,876,703
0.25 T 2 1/4 03/31/26 BJ5S5T5 95.11 12,670 1,860,604
0.24 T 2 7/8 11/30/25 BGSLD30 96.70 12,404 1,851,895
0.24 T 2 7/8 08/15/45 BYSJ1Z8 73.64 16,251 1,847,780
0.24 T 3 10/31/25 BGN70G5 97.02 12,267 1,837,570
0.24 T 2 3/4 08/31/25 BG0MNF3 96.96 12,235 1,831,667
0.24 T 2 1/8 05/31/26 BK0Y6D6 94.49 12,554 1,831,671
0.24 T 1 5/8 09/30/26 BJYQBG9 92.69 12,786 1,829,850
0.24 T 1 7/8 06/30/26 BJXXZT2 93.84 12,547 1,817,853
0.24 T 1 5/8 11/30/26 BJR45M4 92.26 12,714 1,811,106
0.24 T 1 5/8 10/31/26 BKZ7NK6 92.47 12,674 1,809,519
0.23 T 2 7/8 11/15/46 BZ1BP67 72.84 15,502 1,743,540
0.23 T 3 09/30/25 BFM0VV0 97.16 11,850 1,777,588
0.23 T 1 3/4 12/31/26 BKRM4B7 92.38 12,450 1,775,975
0.23 T 1 3/8 08/31/26 BKS3C71 92.30 12,433 1,771,990
0.23 T 2 7/8 04/30/25 BG44Z71 97.75 11,728 1,770,224
0.23 T 3 05/15/47 BF0T9Z9 74.25 15,461 1,772,519
0.23 T 2 1/2 02/15/45 BVVT273 69.13 16,586 1,770,219
0.23 T 2 7/8 07/31/25 BFNQWY7 97.28 11,726 1,761,231
0.23 T 2 7/8 05/31/25 BF50TQ8 97.57 11,641 1,753,779
0.23 T 1 7/8 07/31/26 BJVN8R3 93.60 12,133 1,753,555
0.23 T 3 02/15/47 BDRJ2Q0 74.38 15,305 1,757,628
0.23 T 2 3/8 04/30/26 BK1LRJ9 95.14 11,871 1,743,937
0.22 T 0 5/8 03/31/27 BKPSY95 88.75 12,418 1,701,622
0.22 T 2 3/4 11/15/47 BF92XY6 70.53 15,643 1,703,573
0.22 T 4 1/2 02/15/44 BPG5RX5 95.63 11,500 1,697,900
0.22 T 2 3/4 06/30/25 BD9MJH7 97.30 11,239 1,688,412
0.22 T 2 3/4 08/15/47 BF53YK6 70.67 15,455 1,686,438
0.22 T 2 1/2 05/15/46 BYZ2TS9 68.09 15,777 1,658,757
0.22 T 1 1/8 02/28/27 BL1LY73 90.35 11,773 1,642,391
0.22 T 2 1/2 02/15/46 BD2C0D7 68.30 15,546 1,639,331
0.21 T 4 1/2 02/15/36 B0YBFV4 100.03 10,520 1,624,869
0.20 T 2 5/8 03/31/25 BYZNTH1 97.69 10,270 1,549,133
0.20 T 4 1/2 05/15/38 B3CJB24 98.61 10,164 1,547,526
0.20 T 2 1/4 08/15/46 BD1FML9 64.53 15,472 1,541,602
0.18 T 5 05/15/37 B23Y8Q4 104.20 8,686 1,397,457
0.18 T 6 1/8 11/15/27 2124555 104.39 8,635 1,391,772
0.18 T 3 1/2 02/15/39 B527Q49 87.61 10,193 1,378,863
0.17 T 4 3/8 02/15/38 B2PKS37 97.59 8,779 1,322,968
0.16 T 1 1/4 05/15/50 BMHCRG7 47.69 16,332 1,202,545
0.15 T 6 1/4 05/15/30 2545907 108.20 6,807 1,137,247
0.14 T 5 3/8 02/15/31 2724610 104.70 6,390 1,033,017
0.14 T 4 3/4 02/15/37 B1RDG66 102.00 6,537 1,029,547
0.10 T 6 02/15/26 2888163 101.67 5,029 789,428
0.10 T 6 1/8 08/15/29 2480150 106.74 4,555 750,801
0.09 T 5 1/4 02/15/29 2388704 102.34 4,544 718,056
0.09 T 5 1/2 08/15/28 2285269 103.19 4,495 716,204
0.09 T 6 7/8 08/15/25 2935553 102.34 4,511 712,790
0.09 T 5 1/4 11/15/28 2307271 102.14 4,434 699,335
0.09 T 6 1/2 11/15/26 2941572 104.07 4,239 681,157
0.09 T 6 5/8 02/15/27 2894999 104.79 3,996 646,594
0.08 T 6 3/8 08/15/27 2094937 104.69 3,594 580,990
0.08 T 6 3/4 08/15/26 2942434 103.89 3,602 577,781
0.00 T 2 1/4 02/15/52 BM96PW9 61.48 0 0
0.00 T 3 07/15/25 BMQ53Q9 97.53 0 0
0.00 T 3 1/8 08/31/29 BQ0LV12 92.88 0 0
Holdings are subject to change.

Research

US Treasuries: Blood on the Streets

Read More

How to Use US Bonds in an Australian Portfolio

Read More

Three Ways to Enhance Portfolio Income with ETFs

Read More

Documents

FAQs

  • What are US Treasuries?

    Like any government, the US government needs money to fund itself. In order to do this, the United States Department of the Treasury issues debt – sometimes called Treasuries – to finance government spending as an alternative to taxation.

    The market for US government debt is the most liquid and deep of any type of financial instrument. As of January 2022, there is more than US$23 trillion in outstanding Treasuries. Every day, hundreds of billions of dollars worth of Treasuries change hands. Treasuries are held and used by countless institutions around the world. They often use them to earn a return on their cash in a low-risk way. However, uses are not limited to this. They are also used for analytical purposes as their yields set the risk-free rate of return.

  • How do you choose which bonds get included in the fund?

    USTB is passively managed. It tracks an index of US Treasuries calculated and published by IHS Markit, a subsidiary of S&P Global, and does not seek to outperform its benchmark. The index reflects the performance of tradable US dollar denominated debt issued by the US government. Bonds need to have a maturity of at least 1 year (exposure across the whole yield curve) and a minimum outstanding amount of USD $1 billion per issue

  • What role does DWS play in managing USTB?

    USTB is issued and managed by Global X Australia but gains its exposure to US Treasuries via an ETF issued and managed by DWS. USTB buys and sells units in the European-listed Xtrackers US Treasuries UCITS ETF (Ticker: XUTD), and manages this exposure to ensure the fund tracks the index as closely as possible. XUTD tracks the same index of US Treasuries but is not hedged to Australian dollars. Global X Australia separately manages the currency hedging.

  • Why do you use currency hedging?

    The main attraction of bonds as an asset class is that they provide capital stability and reliable income. This is especially true of US Treasuries. Yet when Australian investors buy unhedged Treasuries, the changing value of the US dollar elevates the risk of capital loss as currencies can move against investors. Additionally, currency fluctuations can swell or shrink income payments. In order to reduce this volatility, and provide more reliable income, we have chosen to use currency hedging for USTB.

  • What are the potential benefits of using USTB in a portfolio?

    The fund can be used to provide a steady return on investment. US Treasuries have provided steady income in all kinds of investment climates for centuries. The appeal of US Treasuries has become more acute in the past 10 years, as many Asian and European countries have experienced sustained near-zero or sub-zero interest rates.

    Cheaper access is another advantage of using USTB. Investors can buy US Treasuries directly in some instances. However, trading treasuries directly can come with wider spreads than trading treasury ETFs.

    Currency hedging is another benefit. The types of financial instruments used to currency hedge a portfolio – currency forwards – are not easily available to most investors. USTB provides currency hedging, managed by professional traders.

  • What are some of the potential risks?

    US Treasuries are usually characterised as lower-risk assets. However, they are not without risks. Two key risks include:

    Inflation risk. When inflation rises, the value of fixed coupon bonds can fall. This is because inflation erodes the real value of the coupon payments that bonds make. Rising inflation can have the added effect of causing central banks to increase interest rates. Rising interest rates also lower the value of fixed interest bonds.

    Interest rate risk. When interest rates rise, prices of debt securities typically fall. (The vulnerability of debt securities to interest rate rises is commonly measured by a statistic called “duration”). This means that changes in monetary policy or guidance by the US Federal Reserve are likely to affect the performance of the fund.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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