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

USTB


US Treasury Bond ETF (Currency Hedged)

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 26 Mar 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 26 Mar 2024

NAV/Unit (A$) 9.24610000
Currency (NAV) AUD
Shares Outstanding 78,458,498
AUM (A$) 725,434,278.80
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 29 Feb 2024

12-Month Yield 2.04%
12-Month Franking Level 0.00%
Distribution Frequency Quarterly
Distribution History View

Portfolio Characteristics As of 26 Mar 2024

Current Yield (%) 2.91
Yield to Maturity (%) 4.37
Average Maturity (Yrs) 7.99
Modified Duration (%) 6.1
Moody’s Credit Rating Aaa

Performance Table As of 26 Mar 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 0.53% 0.54% -0.01% 0.02%
3 Months -1.32% -1.32% -0.01% 0.05%
1 Year -2.63% -2.65% 0.02% 1.80%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. -2.66% -2.76% 0.10% 1.55%

Top Holdings As of 27 Mar 2024

Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
0.91 T 4 1/2 11/15/33 BRBS4K9 102.02 42,193 6,585,094
0.83 T 3 7/8 08/15/33 BRT3QG6 97.16 40,395 6,004,098
0.78 T 4 1/8 11/15/32 BQXS7B2 99.14 37,252 5,650,160
0.76 T 1 5/8 05/15/31 BMHV4S5 84.13 42,800 5,508,335
0.75 T 1 1/8 02/15/31 BM9WFM7 81.88 43,347 5,429,612
0.75 T 0 7/8 11/15/30 BN7JWT3 80.83 43,752 5,410,223
0.73 T 3 3/8 05/15/33 BQYLTK3 93.48 37,131 5,310,450
0.73 T 2 7/8 05/15/32 BPSLLY0 90.66 38,077 5,281,001
0.72 T 3 1/2 02/15/33 BQXLPX9 94.53 36,157 5,228,989
0.71 T 1 3/8 11/15/31 BMCNFW7 81.53 41,280 5,148,967
0.70 T 2 3/4 08/15/32 BQHM4D1 89.53 36,941 5,059,789
0.70 T 1 7/8 02/15/32 BM96PV8 84.30 39,210 5,056,682
0.68 T 0 5/8 08/15/30 BMDNWC5 79.95 39,933 4,884,474
0.57 T 0 5/8 05/15/30 BMHCRF6 80.65 33,658 4,152,746
0.56 T 3 1/8 11/15/28 BGRW840 95.23 27,833 4,055,177
0.55 T 4 3/4 11/15/53 BRBS4M1 105.84 24,551 3,975,399
0.54 T 2 5/8 02/15/29 BJ7G9F1 92.87 27,655 3,929,099
0.54 T 2 3/8 05/15/29 BK1WFV0 91.43 28,008 3,917,636
0.52 T 1 3/4 11/15/29 BKVKB83 87.95 27,825 3,744,113
0.51 T 1 5/8 08/15/29 BK9DLB7 87.70 27,698 3,716,365
0.51 T 2 7/8 08/15/28 BFZLQP9 94.40 25,575 3,693,416
0.51 T 1 1/4 08/15/31 BMWVP09 81.30 29,532 3,673,001
0.50 T 2 7/8 05/15/28 BD59D36 94.64 24,893 3,604,133
0.50 T 4 1/4 02/28/29 BMG7NM1 100.12 23,503 3,599,926
0.50 T 2 1/4 11/15/25 BYQ26R6 96.09 24,480 3,598,477
0.49 T 2 3/4 02/15/28 BG0D0D3 94.41 24,546 3,545,185
0.49 T 4 5/8 02/28/26 BMG7NL0 99.99 23,165 3,543,545
0.49 T 1 1/2 02/15/30 BK8ZZ12 85.86 26,900 3,533,438
0.48 T 2 1/8 05/15/25 BXC4FY9 96.90 23,493 3,482,759
0.48 T 4 01/31/29 BPJM982 98.96 22,961 3,476,219
0.48 T 1 5/8 02/15/26 BD2C0G0 94.58 23,784 3,441,354
0.48 T 4 1/4 01/31/26 BPJM960 99.27 22,646 3,439,447
0.48 T 2 08/15/25 BYS2RD7 96.24 23,345 3,437,214
0.47 T 2 3/8 05/15/27 BF0T9Y8 94.13 23,725 3,416,625
0.47 T 1 5/8 05/15/26 BYZ2XV0 94.02 23,693 3,407,864
0.47 T 2 1/4 11/15/27 BF92XX5 93.04 23,667 3,368,736
0.46 T 1 1/2 08/15/26 BDH26G7 93.21 23,449 3,343,871
0.46 T 4 1/8 08/15/53 BRT3QH7 95.30 22,666 3,304,467
0.45 T 3 3/4 12/31/28 BRT4MG1 97.86 21,904 3,279,332
0.45 T 4 1/4 12/31/25 BRT4MH2 99.23 21,375 3,244,915
0.45 T 0 3/4 05/31/26 BM9BQT8 92.15 22,849 3,221,110
0.44 T 2 11/15/26 BZ1BP78 93.92 22,352 3,211,736
0.44 T 0 7/8 06/30/26 BMBYXC7 92.23 22,735 3,207,840
0.44 T 2 1/4 02/15/27 BYPG9T2 94.16 22,230 3,202,126
0.44 T 4 3/8 11/30/28 BNTC728 100.53 20,771 3,194,524
0.44 T 0 7/8 09/30/26 BMCV833 91.55 22,806 3,194,062
0.44 T 0 3/8 01/31/26 BMZ2XK5 92.44 22,561 3,190,707
0.44 T 0 3/4 08/31/26 BN4FTY8 91.44 22,697 3,174,963
0.44 T 2 1/4 08/15/27 BF53YJ5 93.39 22,221 3,174,828
0.44 T 0 3/4 04/30/26 BMDV7M4 92.39 22,428 3,170,172
0.44 T 2 1/4 05/15/41 BMCXZ94 73.30 28,257 3,168,577
0.43 T 1 1/4 04/30/28 BLPKDT1 88.65 23,199 3,146,228
0.43 T 4 7/8 11/30/25 BNTC739 12.69 20,478 397,418
0.43 T 1 1/4 06/30/28 BMBYXD8 88.27 23,244 3,139,016
0.43 T 1 1/4 05/31/28 BM9BQW1 88.45 23,160 3,134,046
0.43 T 1 3/8 10/31/28 BN7DP74 88.05 23,259 3,132,997
0.43 T 1 1/8 02/29/28 BLKH0Y1 88.59 23,120 3,133,346
0.43 T 1 1/4 03/31/28 BMDNPR1 88.84 23,043 3,131,680
0.43 T 0 5/8 07/31/26 BMD9ZB3 91.40 22,344 3,124,270
0.43 T 1 1/8 08/31/28 BN4FTZ9 87.41 23,197 3,101,883
0.43 T 1 1/8 10/31/26 BN7DP63 91.88 22,023 3,095,488
0.43 T 0 3/4 01/31/28 BMZ2XM7 87.47 23,123 3,094,258
0.43 T 4 7/8 10/31/28 BMWPXZ2 102.52 19,730 3,094,350
0.43 T 1 1/4 11/30/26 BP39M24 91.98 21,964 3,090,902
0.43 T 4 11/15/52 BQXS7C3 93.20 21,619 3,082,613
0.43 T 1 7/8 11/15/51 BMCNFZ0 59.30 33,886 3,074,065
0.42 T 0 3/8 12/31/25 BNNXCK0 92.75 21,618 3,067,398
0.42 T 0 3/4 03/31/26 BMDNPN7 92.66 21,609 3,063,361
0.42 T 1 07/31/28 BMD9ZD5 87.11 22,980 3,062,402
0.42 T 1 1/4 09/30/28 BMCV844 87.71 22,685 3,044,007
0.42 T 4 1/8 02/15/27 BS2G197 99.23 19,975 3,032,534
0.42 T 0 1/2 02/28/26 BLKH0X0 92.42 21,418 3,028,421
0.42 T 0 3/8 11/30/25 BLH34N9 93.03 21,101 3,003,115
0.41 T 1 1/4 12/31/26 BPP1JT4 91.83 21,268 2,987,778
0.41 T 1 1/2 11/30/28 BP39M35 88.40 22,071 2,984,860
0.41 T 5 10/31/25 BMWPY04 100.34 19,391 2,976,745
0.41 T 1 7/8 02/15/41 BMT9GQ9 69.19 28,073 2,971,424
0.40 T 0 5/8 12/31/27 BNNXCL1 87.28 21,779 2,908,083
0.40 T 1 1/2 01/31/27 BKMH699 92.25 20,580 2,904,478
0.40 T 4 01/15/27 BQPG6W8 98.88 19,101 2,889,562
0.40 T 0 1/4 10/31/25 BMYVTV6 93.13 20,257 2,886,239
0.40 T 1 3/4 08/15/41 BLDBLR0 66.91 28,170 2,883,401
0.40 T 2 3/8 05/15/51 BMHV4V8 67.25 27,977 2,878,359
0.40 T 4 3/8 12/15/26 BM92T47 99.83 18,829 2,875,591
0.39 T 3 5/8 02/15/53 BQXLPR3 87.05 21,334 2,841,110
0.39 T 3 5/8 05/15/53 BQYLTM5 87.09 21,264 2,833,278
0.39 T 4 5/8 09/30/28 BMX7M72 101.44 18,191 2,823,024
0.39 T 1 7/8 02/28/27 BP94LV5 93.09 19,767 2,815,207
0.39 T 0 1/4 09/30/25 BMT6SJ7 93.43 19,639 2,807,109
0.39 T 4 5/8 11/15/26 BRBS4G5 100.41 18,147 2,787,482
0.38 T 0 5/8 11/30/27 BLH34Q2 87.50 20,728 2,774,686
0.38 T 1 3/8 12/31/28 BPP1JW7 87.69 20,536 2,754,957
0.38 T 1 3/8 11/15/40 BNG0BM3 63.78 28,160 2,747,724
0.38 T 5 09/30/25 BMX7M61 100.30 17,877 2,743,203
0.37 T 2 3/4 04/30/27 BQ2GVM6 95.28 18,535 2,701,846
0.37 T 1 3/4 01/31/29 BN95VM5 89.13 19,768 2,695,559
0.37 T 0 1/4 08/31/25 BMV9TX5 93.74 18,790 2,694,727
0.37 T 4 5/8 10/15/26 BRWHW78 100.36 17,415 2,673,886
0.37 T 1 3/4 03/15/25 BP96166 96.91 18,009 2,670,148
0.36 T 2 5/8 05/31/27 BK93979 94.82 18,183 2,637,694
0.36 T 4 3/8 08/31/28 BMGC3Q0 100.41 17,092 2,625,497
0.36 T 0 1/4 07/31/25 BMXXZ93 94.07 18,206 2,620,003
0.36 T 2 5/8 04/15/25 BNGDFD1 97.57 17,543 2,618,656
0.36 T 2 08/15/51 BMWVP21 61.33 27,882 2,615,963
0.36 T 4 5/8 02/15/40 B3M3870 102.98 16,551 2,607,582
0.36 T 0 1/2 10/31/27 BMYVTX8 87.32 19,431 2,595,757
0.36 T 4 3/4 02/15/41 B3RFGR7 104.02 16,236 2,583,699
0.36 T 5 08/31/25 BMGC3P9 100.25 16,810 2,578,089
0.36 T 4 3/8 11/15/39 B59RHH2 100.27 16,798 2,576,630
0.36 T 2 1/2 03/31/27 BPRT3V6 94.73 17,771 2,575,310
0.35 T 2 7/8 05/15/52 BPSLLZ1 74.97 22,370 2,565,619
0.35 T 3 1/4 06/30/27 BQC7W15 96.62 17,329 2,561,489
0.35 T 0 1/4 06/30/25 BL5BXQ1 94.39 17,712 2,557,766
0.35 T 1 7/8 02/15/51 BM9WFN8 59.63 27,683 2,525,238
0.35 T 4 5/8 09/15/26 BP5X257 100.28 16,411 2,517,790
0.35 T 1 7/8 02/28/29 BP94LT3 89.54 18,345 2,513,009
0.35 T 3 08/15/52 BQHM4F3 76.95 21,324 2,510,429
0.35 T 2 11/15/41 BPBMDF5 69.61 23,603 2,513,603
0.35 T 4 3/4 11/15/43 BP0VPN5 103.14 15,878 2,505,341
0.34 T 2 7/8 06/15/25 BQB7JY8 97.58 16,715 2,495,347
0.34 T 4 1/8 09/30/27 BN6ML41 99.26 16,429 2,494,795
0.34 T 2 3/4 07/31/27 BQ7Y9P4 94.99 17,154 2,492,927
0.34 T 2 3/4 05/15/25 BPSLLX9 97.58 16,633 2,483,064
0.34 T 3 1/8 08/31/27 BQ0LV01 96.09 16,874 2,480,525
0.34 T 4 1/8 10/31/27 BNTVWV9 99.25 16,298 2,474,618
0.34 T 4 1/8 07/31/28 BNTDWZ9 99.40 16,158 2,457,099
0.34 T 3 7/8 11/30/27 BP4XZ15 98.41 16,287 2,452,020
0.34 T 0 1/4 05/31/25 BLB6SL0 94.68 16,897 2,447,355
0.34 T 4 06/30/28 BQXV186 98.89 16,185 2,448,624
0.34 T 4 02/29/28 BMTY6H5 98.85 16,158 2,443,619
0.34 T 2 3/8 03/31/29 BPRT3T4 91.59 17,418 2,440,772
0.34 T 4 1/4 11/15/40 B5M0864 98.03 16,263 2,438,980
0.34 T 0 3/8 09/30/27 BMT6SK8 87.20 18,187 2,426,052
0.33 T 1 5/8 11/15/50 BN7JWV5 55.89 28,295 2,419,346
0.33 T 3 5/8 05/31/28 BP489T6 97.47 16,211 2,417,329
0.33 T 4 5/8 06/30/25 BQXV164 99.68 15,823 2,412,993
0.33 T 4 1/4 05/31/25 BP489V8 99.20 15,862 2,407,194
0.33 T 4 3/4 07/31/25 BNTDWY8 99.88 15,754 2,407,222
0.33 T 3 3/8 11/15/48 BGRW851 82.91 18,950 2,403,499
0.33 T 1 1/8 08/15/40 BKVKF47 61.38 25,528 2,396,962
0.33 T 4 1/2 08/15/39 B43HGR4 101.86 15,385 2,397,496
0.33 T 3 7/8 03/31/25 BRPT259 98.88 15,824 2,393,708
0.33 T 3 7/8 12/31/27 BMCVF10 98.42 15,878 2,390,834
0.33 T 3 07/15/25 BMQ53Q9 97.68 15,936 2,381,393
0.33 T 4 3/8 08/15/26 BRT3QF5 99.69 15,567 2,374,134
0.33 T 3 7/8 04/30/25 BMDLR13 98.82 15,697 2,373,216
0.33 T 2 7/8 04/30/29 BQ2GVL5 93.76 16,492 2,365,527
0.33 T 4 02/15/34 BS2G1B9 98.13 15,755 2,365,093
0.33 T 4 1/4 02/28/31 BMG7NX2 100.08 15,424 2,361,448
0.33 T 0 1/2 08/31/27 BMV9TY6 87.84 17,562 2,359,908
0.33 T 4 3/8 05/15/40 B3TCBS2 99.91 15,405 2,354,523
0.32 T 4 3/8 08/15/43 BQC4SL8 98.23 15,564 2,339,007
0.32 T 3 1/2 04/30/28 BMDLR24 97.01 15,743 2,336,429
0.32 T 3 7/8 08/15/40 B50PG34 93.80 16,235 2,329,735
0.32 T 3 1/2 01/31/28 BL6BW07 97.10 15,677 2,328,915
0.32 T 4 1/2 07/15/26 BRBP392 99.92 15,200 2,323,649
0.32 T 3 5/8 03/31/28 BRPT260 97.50 15,553 2,319,885
0.32 T 3 1/8 08/15/25 BQHM4C0 97.75 15,503 2,318,365
0.32 T 2 1/4 02/15/52 BM96PW9 65.11 23,036 2,294,622
0.32 T 4 1/2 11/15/25 BQVW426 99.61 15,052 2,293,702
0.32 T 0 3/8 04/30/25 BMWWQN2 95.14 15,733 2,289,851
0.32 T 4 5/8 03/15/26 BQXJJZ3 99.98 14,972 2,290,075
0.32 T 4 5/8 02/28/25 BMTY6G4 99.59 14,969 2,280,677
0.31 T 4 3/8 11/30/30 BNTC717 100.75 14,785 2,278,939
0.31 T 3 5/8 05/15/26 BQYLTJ2 98.07 15,178 2,277,219
0.31 T 4 1/4 10/15/25 BPTH5G7 99.21 14,969 2,272,029
0.31 T 4 7/8 10/31/30 BMWPXY1 103.55 14,343 2,272,114
0.31 T 4 12/15/25 BL6JPN5 98.81 14,988 2,265,619
0.31 T 4 1/8 06/15/26 99.09 14,937 2,264,205
0.31 T 2 3/4 05/31/29 BK939H9 93.10 15,882 2,262,157
0.31 T 3 7/8 01/15/26 BNNMQW7 98.61 14,993 2,261,769
0.31 T 4 3/8 05/15/41 BYQLV12 99.22 14,888 2,259,829
0.31 T 3 3/4 12/31/30 BRT4MF0 97.14 15,184 2,256,576
0.31 T 3 1/2 09/15/25 BNHSXS6 98.16 14,970 2,247,976
0.31 T 3 3/4 04/15/26 BN6QD47 98.32 14,781 2,223,251
0.31 T 4 02/15/26 BQXLPS4 98.82 14,674 2,218,369
0.31 T 3 1/4 06/30/29 BQC7W26 95.33 15,202 2,217,015
0.30 T 3 02/15/49 BJ7G9G2 77.31 18,620 2,202,332
0.30 T 4 1/4 05/15/39 B41K8R9 99.20 14,490 2,199,141
0.30 T 2 7/8 05/15/49 BK1WFY3 75.42 18,995 2,191,760
0.30 T 3 1/4 05/15/42 BMDPZG6 84.44 16,938 2,187,983
0.30 T 4 01/31/31 BPJM959 98.59 14,457 2,180,629
0.30 T 4 5/8 09/30/30 BMX7M83 102.11 13,940 2,177,655
0.30 T 3 3/4 08/15/41 B459474 91.50 15,460 2,164,161
0.30 T 2 3/8 02/15/42 BNYF3R9 73.83 19,082 2,155,281
0.30 T 1 3/8 08/15/50 BMDNWD6 52.27 26,767 2,140,264
0.30 T 0 3/8 07/31/27 BMXXZ82 87.70 15,946 2,139,317
0.30 T 3 3/4 11/15/43 BGK9QZ5 89.86 15,560 2,139,145
0.30 T 0 1/2 03/31/25 BKPSY51 95.59 14,617 2,137,576
0.29 T 3 5/8 02/15/44 BJT0ZC0 88.14 15,766 2,126,011
0.29 T 3 08/15/48 BFZLQN7 77.42 17,929 2,123,552
0.29 T 3 5/8 08/15/43 BCZQWC2 88.38 15,696 2,122,112
0.29 T 1 1/8 02/28/25 BL1LYC8 96.46 14,371 2,120,926
0.29 T 4 11/15/42 BL56GP6 93.63 14,683 2,103,112
0.28 T 3 7/8 05/15/43 BLB3TM9 91.75 14,645 2,055,713
0.28 T 0 1/2 06/30/27 BL5BXR2 88.34 15,180 2,051,581
0.28 T 3 3/8 05/15/44 BM7S970 84.77 15,769 2,044,988
0.28 T 3 7/8 02/15/43 BMXHQM5 91.88 14,420 2,026,838
0.28 T 4 1/8 08/31/30 BMGC3L5 99.29 13,336 2,025,759
0.28 T 3 7/8 11/30/29 BP4XZ04 98.13 13,464 2,021,406
0.28 T 3 1/8 08/31/29 BQ0LV12 94.63 13,962 2,021,157
0.28 T 3 1/8 11/15/41 B6ZKRY9 83.45 15,765 2,012,798
0.28 T 3 1/8 02/15/42 B7FRYY6 83.17 15,774 2,007,152
0.28 T 4 10/31/29 BNTVWS6 98.76 13,267 2,004,473
0.28 T 2 5/8 07/31/29 BQ7Y9N2 92.34 14,172 2,001,930
0.28 T 2 3/8 11/15/49 BKVKB94 67.84 19,213 1,994,167
0.27 T 3 5/8 03/31/30 BRPT271 96.72 13,288 1,966,230
0.27 T 3 1/8 08/15/44 BPYD753 81.34 15,788 1,964,719
0.27 T 4 07/31/30 BNTDWX7 98.63 13,022 1,964,737
0.27 T 3 7/8 09/30/29 BN6ML52 98.19 12,952 1,945,628
0.27 T 3 05/15/42 BYQLTY1 81.33 15,589 1,939,657
0.27 T 3 11/15/44 BSJWZQ3 79.52 15,904 1,934,676
0.27 T 3 1/8 02/15/43 B89T3Q0 82.30 15,355 1,933,209
0.27 T 4 02/28/30 BMTY6J7 98.70 12,800 1,932,816
0.27 T 3 3/4 06/30/30 BMY8B88 97.28 12,951 1,927,503
0.27 T 3 1/2 01/31/30 BL6BVY4 96.15 13,062 1,921,370
0.27 T 3 11/15/45 BYQP1M5 78.81 15,908 1,918,111
0.27 T 0 1/2 05/31/27 BLB6SP4 88.58 14,150 1,917,447
0.26 T 2 1/4 08/15/49 BK9DLC8 66.06 18,949 1,915,111
0.26 T 3 7/8 12/31/29 BMCVF21 98.09 12,745 1,912,670
0.26 T 3 1/2 04/30/30 BMDLR35 96.02 13,001 1,909,680
0.26 T 1 1/8 05/15/40 BMFKWB3 61.94 20,096 1,904,257
0.26 T 3 3/8 08/15/42 BJLVKG0 85.80 14,521 1,906,058
0.26 T 2 3/4 11/15/42 B8JB195 77.75 15,857 1,886,170
0.26 T 3 05/15/45 BXC4FZ0 79.17 15,527 1,880,719
0.26 T 2 3/4 08/15/42 B75JF50 77.94 15,764 1,879,573
0.26 T 2 7/8 05/15/43 B8W8CX4 78.94 15,466 1,867,727
0.26 T 2 7/8 08/15/45 BYSJ1Z8 77.25 15,768 1,863,531
0.26 T 3 02/15/48 BG0D0F5 77.56 15,619 1,853,415
0.25 T 2 02/15/50 BK8ZZ34 62.03 19,349 1,836,211
0.25 T 3 1/8 05/15/48 BG5NQ30 79.31 14,905 1,808,482
0.25 T 3 3/4 05/31/30 BP489S5 97.30 12,117 1,803,794
0.25 T 2 5/8 01/31/26 BGC26F2 96.41 12,158 1,793,225
0.25 T 2 3/8 04/30/26 BK1LRJ9 95.59 12,217 1,786,625
0.25 T 0 1/2 04/30/27 BMWWQX2 88.84 13,120 1,783,257
0.24 T 2 5/8 12/31/25 BHN7686 96.52 12,001 1,772,053
0.24 T 3 05/15/47 BF0T9Z9 77.92 14,761 1,759,702
0.24 T 2 1/2 02/28/26 BJKRNY8 96.08 11,943 1,755,532
0.24 T 3 02/15/47 BDRJ2Q0 78.05 14,591 1,742,146
0.24 T 2 1/4 03/31/26 BJ5S5T5 95.50 11,911 1,740,279
0.24 T 2 7/8 11/30/25 BGSLD30 97.00 11,661 1,730,578
0.24 T 2 1/2 02/15/45 BVVT273 72.58 15,538 1,725,301
0.24 T 2 7/8 05/31/25 BF50TQ8 97.64 11,512 1,719,648
0.24 T 1 5/8 09/30/26 BJYQBG9 93.32 12,028 1,717,163
0.24 T 3 10/31/25 BGN70G5 97.30 11,529 1,716,115
0.24 T 2 1/8 05/31/26 BK0Y6D6 94.97 11,807 1,715,472
0.24 T 2 3/4 08/31/25 BG0MNF3 97.15 11,505 1,709,972
0.24 T 2 3/4 06/30/25 BD9MJH7 97.41 11,442 1,705,168
0.24 T 1 7/8 06/30/26 BJXXZT2 94.38 11,800 1,703,796
0.23 T 1 3/8 08/31/26 BKS3C71 92.87 11,686 1,660,247
0.23 T 3 09/30/25 BFM0VV0 97.39 11,140 1,659,732
0.23 T 2 3/4 11/15/47 BF92XY6 74.09 14,636 1,659,099
0.23 T 2 3/4 08/15/47 BF53YK6 74.23 14,480 1,644,437
0.23 T 2 7/8 07/31/25 BFNQWY7 97.45 11,025 1,643,550
0.23 T 1 7/8 07/31/26 BJVN8R3 94.14 11,409 1,643,093
0.23 T 1 5/8 11/30/26 BJR45M4 92.92 11,951 1,699,005
0.23 T 1 5/8 10/31/26 BKZ7NK6 93.11 11,923 1,698,361
0.23 T 2 7/8 11/15/46 BZ1BP67 76.45 14,509 1,697,014
0.23 T 1 1/8 02/28/27 BL1LY73 91.07 12,177 1,696,556
0.23 T 2 7/8 04/30/25 BG44Z71 97.77 11,153 1,668,202
0.23 T 1 3/4 12/31/26 BKRM4B7 93.10 11,704 1,667,028
0.22 T 2 1/2 05/15/46 BYZ2TS9 71.55 14,772 1,616,929
0.22 T 0 5/8 03/31/27 BKPSY95 89.48 11,683 1,599,443
0.22 T 2 1/2 02/15/46 BD2C0D7 71.72 14,570 1,598,660
0.22 T 4 1/2 02/15/36 B0YBFV4 103.59 10,032 1,589,924
0.22 T 2 3/4 02/28/25 BYZMK08 97.91 10,442 1,564,085
0.21 T 4 1/2 05/15/38 B3CJB24 102.53 9,518 1,492,992
0.20 T 2 1/4 08/15/46 BD1FML9 67.88 14,120 1,466,255
0.20 T 2 5/8 03/31/25 BYZNTH1 97.66 9,777 1,460,702
0.19 T 4 1/4 02/15/54 BS2G1C0 97.52 9,420 1,405,306
0.19 T 5 05/15/37 B23Y8Q4 108.11 8,179 1,352,699
0.18 T 3 1/2 02/15/39 B527Q49 91.30 9,545 1,333,112
0.18 T 6 1/8 11/15/27 2124555 105.86 8,091 1,310,336
0.17 T 4 3/8 02/15/38 B2PKS37 101.39 8,126 1,260,530
0.16 T 1 1/4 05/15/50 BMHCRG7 50.59 15,292 1,183,613
0.15 T 6 1/4 05/15/30 2545907 110.46 6,382 1,078,508
0.14 T 4 3/4 02/15/37 B1RDG66 105.83 6,125 991,622
0.14 T 5 3/8 02/15/31 2724610 107.05 6,005 983,419
0.11 T 4 1/2 02/15/44 BPG5RX5 100.03 5,338 816,872
0.10 T 6 02/15/26 2888163 102.37 4,709 737,397
0.10 T 6 1/8 08/15/29 2480150 108.77 4,274 711,178
0.10 T 6 1/2 11/15/26 2941572 105.05 4,371 702,503
0.09 T 5 1/4 02/15/29 2388704 104.24 4,274 681,528
0.09 T 5 1/2 08/15/28 2285269 104.85 4,224 677,516
0.09 T 6 7/8 08/15/25 2935553 102.82 4,236 666,408
0.09 T 5 1/4 11/15/28 2307271 103.98 4,160 661,689
0.08 T 6 5/8 02/15/27 2894999 105.86 3,739 605,556
0.08 T 6 3/8 08/15/27 2094937 106.06 3,676 596,544
0.08 T 6 3/4 08/15/26 2942434 104.66 3,384 541,851
Holdings are subject to change.

Research

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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