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

US Treasury Bond ETF (Currency Hedged)

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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 11 Sep 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 11 Sep 2024

NAV/Unit (A$) 9.61740000
Currency (NAV) AUD
Shares Outstanding 93,163,720
AUM (A$) 895,996,100.90
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 30 Aug 2024

12-Month Yield 2.28%
12-Month Franking Level 0.00%
Distribution Frequency Quarterly
Distribution History View

Portfolio Characteristics As of 11 Sep 2024

Current Yield (%) 3
YTM (%) 3.65
Maturity (Yrs) 8.08
Modified Duration 6.21
Moody's Credit Rating Aaa

Performance Table As of 11 Sep 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 2.16% 2.15% 0.01% 0.03%
3 Months 5.58% 5.59% -0.01% 0.12%
1 Year 7.36% 7.31% 0.05% 0.17%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 0.20% 0.14% 0.06% 1.38%

Top Holdings As of 12 Sep 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
0.93 T 4 3/8 05/15/34 BQSB5K1 105.83 53,624 8,554,264
0.87 T 4 1/2 11/15/33 BRBS4K9 106.69 49,986 8,038,642
0.87 T 4 02/15/34 BS2G1B9 102.78 51,812 8,027,264
0.78 T 3 7/8 08/15/33 BRT3QG6 101.84 47,052 7,223,317
0.76 T 1 5/8 05/15/31 BMHV4S5 88.69 52,342 6,997,407
0.74 T 4 1/8 11/15/32 BQXS7B2 103.78 43,707 6,837,508
0.72 T 1 1/8 02/15/31 BM9WFM7 86.48 51,067 6,657,350
0.71 T 0 7/8 11/15/30 BN7JWT3 85.49 51,079 6,582,518
0.71 T 1 1/4 08/15/31 BMWVP09 85.98 50,735 6,575,795
0.70 T 3 3/8 05/15/33 BQYLTK3 98.20 43,800 6,483,705
0.70 T 3 1/2 02/15/33 BQXLPX9 99.22 43,292 6,474,817
0.70 T 2 7/8 05/15/32 BPSLLY0 95.33 44,939 6,457,595
0.68 T 1 3/8 11/15/31 BMCNFW7 86.27 48,599 6,319,550
0.67 T 2 3/4 08/15/32 BQHM4D1 94.28 43,298 6,153,421
0.67 T 1 7/8 02/15/32 BM96PV8 89.00 45,792 6,143,332
0.65 T 0 5/8 08/15/30 BMDNWC5 84.70 46,798 5,974,615
0.61 T 1 1/2 01/31/27 BKMH699 95.30 38,975 5,599,195
0.56 T 4 5/8 05/15/54 BQSB5H8 111.34 31,058 5,212,660
0.55 T 0 5/8 05/15/30 BMHCRF6 85.32 39,504 5,080,605
0.54 T 4 3/4 11/15/53 BRBS4M1 113.34 29,333 5,011,643
0.54 T 3 1/8 11/15/28 BGRW840 98.60 33,209 4,935,836
0.53 T 2 5/8 02/15/29 BJ7G9F1 96.54 33,799 4,918,514
0.53 T 2 3/8 05/15/29 BK1WFV0 95.28 33,790 4,853,171
0.52 T 4 1/4 02/15/54 BS2G1C0 104.64 30,731 4,847,368
0.52 T 4 5/8 04/30/29 BLDCKH6 104.95 30,495 4,824,083
0.52 T 4 5/8 06/30/26 BRT7679 101.57 31,314 4,794,551
0.52 T 4 1/2 05/31/29 BS3FRV7 104.52 30,318 4,776,849
0.51 T 4 7/8 05/31/26 BS3FRT5 101.86 30,688 4,711,732
0.51 T 1 3/4 11/15/29 BKVKB83 91.92 33,997 4,710,643
0.51 T 4 1/4 06/30/29 BRT7668 103.44 30,202 4,709,120
0.51 T 4 07/31/29 BRC1742 102.40 30,418 4,695,116
0.50 T 4 1/8 03/31/29 BQV12R4 102.77 29,967 4,642,135
0.50 T 4 1/2 03/31/26 BQV12S5 101.03 30,339 4,620,248
0.50 T 4 7/8 04/30/26 BLDCKD2 101.72 30,040 4,606,210
0.50 T 4 3/8 07/31/26 BRC1731 101.24 30,166 4,603,702
0.49 T 2 7/8 08/15/28 BFZLQP9 97.78 30,893 4,553,431
0.48 T 1 5/8 08/15/29 BK9DLB7 91.80 32,173 4,452,304
0.48 T 1 1/2 02/15/30 BK8ZZ12 90.21 32,625 4,436,412
0.47 T 2 7/8 05/15/28 BD59D36 97.91 29,432 4,343,611
0.46 T 2 3/4 02/15/28 BG0D0D3 97.61 29,140 4,287,573
0.46 T 4 1/4 02/28/29 BMG7NM1 103.27 27,493 4,279,952
0.46 T 4 5/8 02/28/26 BMG7NL0 101.10 27,773 4,232,544
0.46 T 4 1/8 08/15/53 BRT3QH7 102.31 27,442 4,232,254
0.46 T 2 1/4 11/15/25 BYQ26R6 97.97 28,505 4,209,682
0.45 T 2 11/15/26 BZ1BP78 96.64 28,500 4,151,704
0.45 T 4 1/4 01/31/26 BPJM960 100.48 27,290 4,133,371
0.44 T 1 5/8 02/15/26 BD2C0G0 96.90 27,837 4,066,002
0.44 T 2 1/4 08/15/27 BF53YJ5 96.52 27,945 4,065,890
0.44 T 2 3/8 05/15/27 BF0T9Y8 97.04 27,722 4,055,111
0.44 T 4 01/31/29 BPJM982 102.16 26,148 4,026,508
0.43 T 3 3/4 08/15/27 BR2NN84 100.70 26,366 4,002,272
0.43 T 0 3/4 03/31/26 BMDNPN7 95.44 27,739 3,990,747
0.43 T 4 3/8 07/15/27 BT5FJ16 102.34 25,882 3,992,511
0.43 T 0 7/8 06/30/26 BMBYXC7 95.11 27,823 3,988,870
0.43 T 0 3/4 05/31/26 BM9BQT8 95.06 27,838 3,988,867
0.43 T 0 3/8 01/31/26 BMZ2XK5 95.29 27,666 3,974,053
0.43 T 1 1/8 10/31/26 BN7DP63 94.91 27,767 3,972,345
0.43 T 2 1/4 02/15/27 BYPG9T2 96.97 27,119 3,963,909
0.43 T 1 5/8 05/15/26 BYZ2XV0 96.55 27,209 3,959,975
0.43 T 0 7/8 09/30/26 BMCV833 94.62 27,767 3,960,243
0.43 T 2 1/4 11/15/27 BF92XX5 96.27 27,300 3,961,801
0.43 T 4 5/8 06/15/27 BSLSTT0 102.95 25,389 3,939,768
0.43 T 1 1/4 05/31/28 BM9BQW1 92.29 28,248 3,929,707
0.43 T 1 1/2 08/15/26 BDH26G7 95.98 27,109 3,922,269
0.42 T 4 1/2 05/15/27 BQSB5L2 102.46 25,303 3,908,074
0.42 T 2 1/4 05/15/41 BMCXZ94 78.73 32,654 3,875,463
0.42 T 3 3/4 12/31/28 BRT4MG1 101.12 25,284 3,853,855
0.42 T 1 1/4 09/30/28 BMCV844 91.65 27,716 3,828,979
0.41 T 4 1/2 04/15/27 BQBC9Y3 102.38 24,717 3,814,264
0.41 T 4 7/8 10/31/28 BMWPXZ2 105.35 23,895 3,794,581
0.41 T 0 5/8 07/31/26 BMD9ZB3 94.47 26,621 3,791,080
0.41 T 0 3/4 04/30/26 BMDV7M4 95.25 26,197 3,761,229
0.41 T 4 11/15/52 BQXS7C3 99.86 25,070 3,773,677
0.41 T 1 1/4 04/30/28 BLPKDT1 92.43 26,930 3,752,073
0.41 T 1 1/4 03/31/28 BMDNPR1 92.59 26,875 3,750,749
0.41 T 0 3/4 08/31/26 BN4FTY8 94.52 26,265 3,742,033
0.41 T 4 3/8 11/30/28 BNTC728 103.52 23,988 3,743,282
0.40 T 0 1/2 02/28/26 BLKH0X0 95.24 25,977 3,729,452
0.40 T 1 3/8 10/31/28 BN7DP74 91.97 26,864 3,724,159
0.40 T 1 1/8 02/29/28 BLKH0Y1 92.35 26,710 3,718,278
0.40 T 1 1/4 06/30/28 BMBYXD8 92.13 26,768 3,717,223
0.40 T 4 1/4 03/15/27 BQ2MK50 101.73 24,118 3,698,286
0.40 T 4 1/4 12/31/25 BRT4MH2 100.38 24,341 3,682,849
0.40 T 1 07/31/28 BMD9ZD5 91.07 26,780 3,676,325
0.40 T 1 1/4 11/30/26 BP39M24 95.04 25,524 3,656,637
0.40 T 0 3/4 01/31/28 BMZ2XM7 91.34 26,555 3,656,390
0.40 T 1 7/8 02/15/41 BMT9GQ9 74.58 32,487 3,652,122
0.39 T 1 1/4 12/31/26 BPP1JT4 94.95 25,424 3,638,715
0.39 T 0 3/8 12/31/25 BNNXCK0 95.52 24,974 3,595,847
0.39 T 4 7/8 11/30/25 BNTC739 101.02 23,615 3,595,891
0.39 T 2 3/8 05/15/51 BMHV4V8 72.58 32,930 3,602,639
0.39 T 1 1/8 08/31/28 BN4FTZ9 91.35 26,006 3,581,054
0.39 T 4 1/8 02/15/27 BS2G197 101.27 23,372 3,567,930
0.39 T 1 1/2 11/30/28 BP39M35 92.30 25,646 3,568,111
0.39 T 0 3/8 11/30/25 BLH34N9 95.73 24,615 3,551,944
0.38 T 3 5/8 02/15/53 BQXLPR3 93.53 25,196 3,552,299
0.38 T 3 5/8 05/15/53 BQYLTM5 93.63 25,014 3,530,258
0.38 T 0 5/8 12/31/27 BNNXCL1 91.16 25,520 3,506,689
0.38 T 1 7/8 02/28/27 BP94LV5 96.08 24,193 3,503,743
0.38 T 0 1/4 10/31/25 BMYVTV6 95.82 24,034 3,471,628
0.37 T 1 3/4 08/15/41 BLDBLR0 72.13 31,838 3,461,418
0.37 T 4 01/15/27 BQPG6W8 100.94 22,614 3,440,824
0.37 T 1 3/4 01/31/29 BN95VM5 93.02 24,278 3,404,370
0.37 T 1 3/8 11/15/40 BNG0BM3 69.00 32,738 3,405,038
0.37 T 2 1/2 03/31/27 BPRT3V6 97.54 23,063 3,390,867
0.37 T 4 5/8 09/30/28 BMX7M72 104.32 21,556 3,389,719
0.36 T 1 3/8 12/31/28 BPP1JW7 91.71 24,287 3,357,546
0.36 T 4 3/8 12/15/26 BM92T47 101.70 21,799 3,341,653
0.36 T 5 10/31/25 BMWPY04 101.02 21,881 3,331,805
0.36 T 2 08/15/51 BMWVP21 66.41 32,935 3,296,818
0.35 T 4 5/8 02/15/40 B3M3870 109.36 19,825 3,268,024
0.35 T 0 1/2 10/31/27 BMYVTX8 91.17 23,717 3,259,423
0.35 T 0 1/4 09/30/25 BMT6SJ7 96.05 22,377 3,239,937
0.35 T 0 5/8 11/30/27 BLH34Q2 91.38 23,390 3,221,637
0.35 T 2 5/8 05/31/27 BK93979 97.69 21,758 3,203,975
0.35 T 4 1/4 06/30/31 BRT7680 104.30 20,375 3,203,235
0.35 T 2 7/8 05/15/52 BPSLLZ1 80.67 26,355 3,204,889
0.34 T 1 7/8 02/15/51 BM9WFN8 64.59 32,737 3,187,524
0.34 T 4 5/8 11/15/26 BRBS4G5 102.09 20,532 3,159,736
0.34 T 0 3/8 09/30/27 BMT6SK8 91.06 23,001 3,157,213
0.34 T 2 3/4 04/30/27 BQ2GVM6 98.06 21,238 3,139,400
0.34 T 4 3/8 11/15/39 B59RHH2 106.42 19,610 3,145,870
0.34 T 4 1/4 11/15/40 B5M0864 104.81 19,865 3,138,530
0.34 T 4 5/8 05/31/31 BS3FRW8 106.44 19,411 3,114,307
0.34 T 4 3/8 05/15/40 B3TCBS2 106.45 19,425 3,117,100
0.34 T 4 3/8 08/31/28 BMGC3Q0 103.32 19,952 3,107,378
0.34 T 4 3/8 05/15/41 BYQLV12 106.14 19,450 3,111,965
0.34 T 3 08/15/52 BQHM4F3 82.81 24,924 3,111,289
0.34 T 4 5/8 04/30/31 BLDCKG5 106.41 19,334 3,101,097
0.33 T 1 7/8 02/28/29 BP94LT3 93.42 21,942 3,089,931
0.33 T 5 09/30/25 BMX7M61 100.88 20,160 3,065,564
0.33 T 1 1/8 08/15/40 BKVKF47 66.69 30,550 3,070,982
0.33 T 4 5/8 05/15/44 BPZRNR8 107.78 18,866 3,065,164
0.33 T 4 3/4 02/15/41 B3RFGR7 110.97 18,309 3,062,589
0.33 T 4 3/4 11/15/43 BP0VPN5 109.66 18,514 3,060,265
0.33 T 3 5/8 03/31/28 BRPT260 100.52 20,127 3,049,581
0.33 T 2 11/15/41 BPBMDF5 74.84 27,033 3,049,821
0.33 T 0 1/4 08/31/25 BMV9TX5 96.29 20,929 3,037,901
0.33 T 2 3/4 07/31/27 BQ7Y9P4 97.95 20,497 3,026,145
0.33 T 3 1/2 04/30/28 BMDLR24 100.09 20,053 3,025,346
0.33 T 4 1/8 03/31/31 BQV12W9 103.44 19,276 3,005,550
0.33 T 4 1/8 07/31/31 BRC1719 103.55 19,231 3,001,637
0.32 T 4 02/29/28 BMTY6H5 101.70 19,545 2,996,350
0.32 T 4 1/8 09/30/27 BN6ML41 101.87 19,466 2,989,068
0.32 T 4 5/8 10/15/26 BRWHW78 101.98 19,421 2,985,349
0.32 T 3 3/8 11/15/48 BGRW851 88.77 22,355 2,991,246
0.32 T 4 3/8 08/15/26 BRT3QF5 101.30 19,514 2,979,850
0.32 T 1 5/8 11/15/50 BN7JWV5 60.67 32,629 2,984,111
0.32 T 2 3/8 03/31/29 BPRT3T4 95.38 20,632 2,966,454
0.32 T 3 1/4 06/30/27 BQC7W15 99.34 19,788 2,962,941
0.32 T 4 1/8 07/31/28 BNTDWZ9 102.35 19,177 2,958,768
0.32 T 4 1/2 02/15/44 BPG5RX5 106.08 18,519 2,961,251
0.32 T 4 1/2 08/15/39 B43HGR4 107.83 18,114 2,944,283
0.32 T 1 7/8 11/15/51 BMCNFZ0 64.28 30,280 2,933,986
0.32 T 4 5/8 09/15/26 BP5X257 101.86 18,991 2,915,976
0.31 T 2 1/4 02/15/52 BM96PW9 70.36 27,447 2,910,949
0.31 T 2 7/8 04/30/29 BQ2GVL5 97.43 19,745 2,899,796
0.31 T 4 3/8 08/15/43 BQC4SL8 104.52 18,374 2,894,720
0.31 T 3 7/8 08/15/34 BR2NN62 101.81 18,809 2,886,681
0.31 T 3 7/8 11/30/27 BP4XZ15 101.17 18,901 2,882,445
0.31 T 3 7/8 12/31/27 BMCVF10 101.27 18,868 2,880,188
0.31 T 4 1/4 02/28/31 BMG7NX2 104.14 18,304 2,873,354
0.31 T 3 5/8 05/31/28 BP489T6 100.52 18,907 2,864,929
0.31 T 4 06/30/28 BQXV186 101.88 18,595 2,855,830
0.31 T 4 1/8 10/31/27 BNTVWV9 101.87 18,590 2,854,569
0.31 T 4 01/31/31 BPJM959 102.67 18,254 2,825,030
0.31 T 3 7/8 08/15/40 B50PG34 100.34 18,700 2,828,539
0.31 T 3 3/4 11/15/43 BGK9QZ5 95.77 19,558 2,823,294
0.31 T 3 1/8 08/31/27 BQ0LV01 98.95 18,856 2,812,515
0.30 T 3 02/15/49 BJ7G9G2 82.97 22,557 2,821,076
0.30 T 4 02/15/26 BQXLPS4 100.22 18,566 2,804,783
0.30 T 5 08/31/25 BMGC3P9 100.74 18,415 2,796,490
0.30 T 2 3/8 02/15/42 BNYF3R9 79.19 23,347 2,786,890
0.30 T 3 3/4 08/15/41 B459474 97.95 18,539 2,737,411
0.29 T 0 1/2 08/31/27 BMV9TY6 91.63 19,676 2,717,515
0.29 T 2 7/8 05/15/49 BK1WFY3 80.98 22,271 2,718,732
0.29 T 3 1/4 05/15/42 BMDPZG6 90.19 19,928 2,709,095
0.29 T 3 1/2 01/31/28 BL6BW07 100.06 17,915 2,702,223
0.29 T 4 1/2 11/15/25 BQVW426 100.55 17,712 2,684,576
0.29 T 4 1/8 06/15/26 BRXDCY2 100.66 17,640 2,676,599
0.29 T 4 5/8 03/15/26 BQXJJZ3 101.17 17,450 2,661,170
0.29 T 3 5/8 02/15/44 BJT0ZC0 93.95 18,799 2,662,428
0.29 T 4 1/4 10/15/25 BPTH5G7 100.17 17,570 2,652,956
0.29 T 4 7/8 10/31/30 BMWPXY1 107.43 16,254 2,632,067
0.28 T 2 3/4 05/31/29 BK939H9 96.84 17,993 2,626,377
0.28 T 3 08/15/48 BFZLQN7 83.11 20,962 2,626,022
0.28 T 3 7/8 01/15/26 BNNMQW7 99.96 17,348 2,613,960
0.28 T 4 3/8 11/30/30 BNTC717 104.70 16,537 2,609,963
0.28 T 3 7/8 05/15/43 BLB3TM9 97.78 17,676 2,605,309
0.28 T 3 3/4 04/15/26 BN6QD47 99.94 17,197 2,590,668
0.28 T 4 11/15/42 BL56GP6 99.91 17,247 2,597,339
0.28 T 4 1/2 07/15/26 BRBP392 101.40 16,887 2,581,164
0.28 T 0 3/8 07/31/27 BMXXZ82 91.49 18,693 2,578,036
0.28 T 3 3/4 12/31/30 BRT4MF0 101.26 16,844 2,570,966
0.28 T 4 5/8 09/30/30 BMX7M83 105.97 16,052 2,564,105
0.28 T 3 5/8 05/15/26 BQYLTJ2 99.77 17,012 2,558,567
0.28 T 3 05/15/42 BYQLTY1 87.14 19,528 2,565,051
0.28 T 4 12/15/25 BL6JPN5 100.04 16,932 2,553,158
0.28 T 3 1/8 08/31/29 BQ0LV12 98.37 17,236 2,555,782
0.28 T 3 1/4 06/30/29 BQC7W26 98.96 17,057 2,544,405
0.27 T 3 7/8 09/30/29 BN6ML52 101.77 16,536 2,536,680
0.27 T 2 3/8 11/15/49 BKVKB94 73.00 23,104 2,542,330
0.27 T 3 3/8 05/15/44 BM7S970 90.45 18,638 2,541,260
0.27 T 3 7/8 02/15/43 BMXHQM5 98.02 17,089 2,524,829
0.27 T 3 1/8 11/15/41 B6ZKRY9 89.73 18,660 2,523,976
0.27 T 4 1/4 05/15/39 B41K8R9 105.11 15,814 2,505,513
0.27 T 3 5/8 08/15/43 BCZQWC2 94.17 17,648 2,505,250
0.27 T 0 1/2 06/30/27 BL5BXR2 92.03 17,985 2,495,017
0.27 T 3 1/2 09/15/25 BNHSXS6 99.36 16,642 2,492,462
0.27 T 4 10/31/29 BNTVWS6 102.36 16,122 2,487,578
0.27 T 0 1/2 05/31/27 BLB6SP4 92.22 17,766 2,469,694
0.27 T 3 3/4 05/31/30 BP489S5 101.23 16,164 2,466,632
0.27 T 3 1/8 05/15/48 BG5NQ30 85.09 19,272 2,472,063
0.27 T 3 11/15/45 BYQP1M5 84.67 19,337 2,468,019
0.26 T 3 1/8 08/15/44 BPYD753 86.94 18,452 2,418,162
0.26 T 2 1/4 08/15/49 BK9DLC8 71.16 22,548 2,418,505
0.26 T 3 05/15/45 BXC4FZ0 84.88 18,738 2,397,311
0.26 T 3 1/8 02/15/42 B7FRYY6 89.27 17,644 2,374,151
0.26 T 3 3/4 06/30/30 BMY8B88 101.23 15,518 2,368,107
0.26 T 3 1/8 02/15/43 B89T3Q0 87.94 17,897 2,372,409
0.26 T 4 1/8 08/31/30 BMGC3L5 103.25 15,171 2,361,107
0.26 T 1 1/8 05/15/40 BMFKWB3 67.28 23,246 2,357,551
0.25 T 3 1/2 04/30/30 BMDLR35 99.98 15,606 2,351,875
0.25 T 3 11/15/44 BSJWZQ3 85.09 18,260 2,342,173
0.25 T 4 07/31/30 BNTDWX7 102.57 15,101 2,334,830
0.25 T 2 7/8 05/15/43 B8W8CX4 84.36 18,289 2,325,672
0.25 T 2 5/8 07/31/29 BQ7Y9N2 96.17 15,947 2,311,757
0.25 T 1 3/8 08/15/50 BMDNWD6 56.89 26,948 2,310,916
0.25 T 2 3/4 11/15/42 B8JB195 83.36 18,299 2,299,347
0.25 T 3 3/8 08/15/42 BJLVKG0 91.66 16,626 2,297,057
0.25 T 3 5/8 03/31/30 BRPT271 100.62 15,072 2,285,952
0.25 T 2 02/15/50 BK8ZZ34 67.00 22,686 2,291,131
0.25 T 2 7/8 08/15/45 BYSJ1Z8 82.98 18,205 2,277,252
0.25 T 4 02/28/30 BMTY6J7 102.48 14,703 2,271,272
0.24 T 3 7/8 11/30/29 BP4XZ04 101.80 14,726 2,259,636
0.24 T 3 7/8 12/31/29 BMCVF21 101.80 14,723 2,259,351
0.24 T 3 02/15/48 BG0D0F5 83.30 17,841 2,240,077
0.24 T 3 1/2 01/31/30 BL6BVY4 100.01 14,768 2,226,289
0.24 T 2 3/4 08/15/42 B75JF50 83.59 17,642 2,223,049
0.24 T 1 1/4 05/15/50 BMHCRG7 55.27 26,252 2,186,975
0.24 T 1 5/8 09/30/26 BJYQBG9 96.05 14,986 2,169,906
0.23 T 2 7/8 11/15/46 BZ1BP67 82.22 17,495 2,168,228
0.23 T 2 1/2 02/15/45 BVVT273 77.97 18,282 2,148,661
0.23 T 2 1/4 03/31/26 BJ5S5T5 97.66 14,480 2,131,736
0.23 T 2 5/8 12/31/25 BHN7686 98.33 14,221 2,107,745
0.23 T 2 3/4 08/15/47 BF53YK6 79.84 17,552 2,112,497
0.23 T 2 3/4 11/15/47 BF92XY6 79.70 17,540 2,107,304
0.23 T 3 05/15/47 BF0T9Z9 83.72 16,677 2,104,633
0.23 T 2 1/2 02/28/26 BJKRNY8 98.07 14,166 2,094,259
0.23 T 3 02/15/47 BDRJ2Q0 83.88 16,507 2,086,962
0.22 T 2 5/8 01/31/26 BGC26F2 98.30 13,524 2,004,077
0.22 T 3 10/31/25 BGN70G5 98.83 13,423 1,999,725
0.22 T 2 1/2 02/15/46 BD2C0D7 77.30 17,164 1,999,827
0.22 T 0 1/2 04/30/27 BMWWQX2 92.44 14,729 2,052,323
0.22 T 2 7/8 11/30/25 BGSLD30 98.67 13,575 2,019,039
0.22 T 2 3/8 04/30/26 BK1LRJ9 97.79 13,662 2,013,851
0.22 T 2 1/8 05/31/26 BK0Y6D6 97.33 13,717 2,012,486
0.22 T 1 7/8 06/30/26 BJXXZT2 96.81 13,744 2,005,665
0.21 T 1 3/4 12/31/26 BKRM4B7 95.99 13,636 1,973,085
0.21 T 1 3/8 08/31/26 BKS3C71 95.71 13,624 1,965,515
0.21 T 1 5/8 10/31/26 BKZ7NK6 95.91 13,571 1,961,999
0.21 T 2 1/4 08/15/46 BD1FML9 73.33 17,611 1,946,612
0.21 T 1 7/8 07/31/26 BJVN8R3 96.71 13,300 1,938,813
0.21 T 2 1/2 05/15/46 BYZ2TS9 77.06 16,697 1,939,577
0.21 T 0 5/8 03/31/27 BKPSY95 92.94 13,661 1,913,832
0.21 T 1 5/8 11/30/26 BJR45M4 95.80 13,112 1,893,623
0.20 T 3 09/30/25 BFM0VV0 98.84 12,446 1,854,334
0.20 T 1 1/8 02/28/27 BL1LY73 94.30 12,989 1,846,399
0.20 T 2 3/4 08/31/25 BG0MNF3 98.63 12,088 1,797,148
0.19 T 4 1/2 02/15/36 B0YBFV4 108.42 10,543 1,723,142
0.19 T 4 1/4 08/15/54 BR2NN95 104.92 10,886 1,721,663
0.18 T 3 1/2 02/15/39 B527Q49 97.06 11,288 1,651,615
0.18 T 6 1/8 11/15/27 2124555 107.79 10,115 1,643,461
0.16 T 4 1/2 05/15/38 B3CJB24 108.14 8,786 1,432,149
0.14 T 4 3/8 02/15/38 B2PKS37 106.94 8,136 1,311,562
0.14 T 6 1/4 05/15/30 2545907 113.88 7,424 1,274,280
0.13 T 5 3/8 02/15/31 2724610 110.71 6,983 1,165,338
0.12 T 4 3/4 02/15/37 B1RDG66 110.73 6,504 1,085,716
0.11 T 5 05/15/37 B23Y8Q4 113.23 5,983 1,021,223
0.09 T 6 02/15/26 2888163 102.96 5,491 852,126
0.09 T 5 1/4 02/15/29 2388704 107.46 4,969 804,846
0.09 T 5 1/2 08/15/28 2285269 107.55 4,914 796,576
0.08 T 6 1/2 11/15/26 2941572 106.47 4,618 741,113
0.08 T 6 1/8 08/15/29 2480150 111.74 4,312 726,283
0.08 T 6 5/8 02/15/27 2894999 107.28 4,354 704,118
0.08 T 5 1/4 11/15/28 2307271 106.74 4,375 703,952
0.07 T 6 3/8 08/15/27 2094937 107.82 3,930 638,764
0.06 T 6 3/4 08/15/26 2942434 105.74 3,409 543,420
Holdings are subject to change.

Sector Breakdown As of 12 Sep 2024

Sector Weight (%)
Government 99.9
Other/Cash 0.1

Country Breakdown As of 12 Sep 2024

Country Weight (%)
United States 99.9
Other/Cash 0.1

Research

US Treasuries: Blood on the Streets

Read More

How to Use US Bonds in an Australian Portfolio

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Three Ways to Enhance Portfolio Income with ETFs

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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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