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 16 Jan 2025

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 16 Jan 2025

NAV/Unit (A$) 9.06020000
Currency (NAV) AUD
Shares Outstanding 83,612,064
AUM (A$) 757,543,889.20
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 31 Dec 2024

12-Month Yield 2.75%
12-Month Franking Level 0.00%
Distribution Frequency Quarterly
Distribution History View

Portfolio Characteristics As of 16 Jan 2025

Current Yield (%) 3.16
YTM (%) 4.29
Maturity (Yrs) 7.28
Modified Duration 5.5
Moody's Credit Rating Aaa

Performance Table As of 16 Jan 2025

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month -0.81% -0.82% -- 0.02%
3 Months -2.46% -2.46% -- 0.03%
1 Year 0.13% 0.20% -0.07% 0.14%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. -1.56% -1.61% 0.05% 1.28%

Top Holdings As of 17 Jan 2025

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
0.85 T 4 3/8 05/15/34 BQSB5K1 98.23 40,541 6,402,279
0.83 T 4 1/2 11/15/33 BRBS4K9 99.34 38,974 6,224,279
0.83 T 4 02/15/34 BS2G1B9 95.55 40,477 6,217,336
0.82 T 3 7/8 08/15/34 BR2NN62 94.33 40,620 6,159,685
0.74 T 3 7/8 08/15/33 BRT3QG6 95.00 36,416 5,561,418
0.71 T 4 1/8 11/15/32 BQXS7B2 97.31 33,962 5,313,003
0.69 T 1 5/8 05/15/31 BMHV4S5 84.35 38,132 5,170,799
0.67 T 1 1/4 08/15/31 BMWVP09 81.63 38,486 5,050,104
0.67 T 1 1/8 02/15/31 BM9WFM7 82.52 37,834 5,018,767
0.67 T 0 7/8 11/15/30 BN7JWT3 81.86 38,079 5,011,020
0.65 T 3 3/8 05/15/33 BQYLTK3 91.73 33,328 4,914,907
0.65 T 1 3/8 11/15/31 BMCNFW7 81.69 37,237 4,889,979
0.65 T 3 1/2 02/15/33 BQXLPX9 92.88 32,752 4,890,076
0.64 T 2 7/8 05/15/32 BPSLLY0 89.73 33,604 4,847,526
0.64 T 2 3/4 08/15/32 BQHM4D1 88.61 33,823 4,817,941
0.63 T 0 5/8 08/15/30 BMDNWC5 81.27 36,347 4,748,869
0.62 T 1 7/8 02/15/32 BM96PV8 84.08 34,578 4,673,674
0.59 T 1 1/2 01/31/27 BKMH699 94.67 29,221 4,447,313
0.56 T 4 1/4 11/15/34 BRK14Z4 97.14 26,964 4,210,776
0.53 T 4 1/4 11/30/26 BTG00T5 100.01 24,629 3,959,643
0.52 T 4 1/4 12/31/26 BS60BJ5 100.03 24,542 3,946,502
0.52 T 4 1/8 10/31/29 BSZ7PN9 98.81 24,685 3,921,182
0.52 T 0 5/8 05/15/30 BMHCRF6 82.08 29,517 3,894,654
0.52 T 4 07/31/29 BRC1742 98.38 24,546 3,882,143
0.51 T 4 5/8 04/30/29 BLDCKH6 100.91 23,752 3,852,993
0.51 T 4 3/8 07/31/26 BRC1731 100.20 23,807 3,835,032
0.51 T 4 1/4 06/30/29 BRT7668 99.41 24,013 3,837,721
0.50 T 3 1/8 11/15/28 BGRW840 95.66 24,628 3,787,471
0.50 T 4 5/8 06/30/26 BRT7679 100.53 23,380 3,778,391
0.50 T 4 1/8 10/31/26 BSZ7PM8 99.80 23,547 3,777,898
0.50 T 2 3/8 05/15/29 BK1WFV0 92.17 25,473 3,774,414
0.50 T 3 3/4 08/31/26 BRBK5F7 99.23 23,583 3,761,914
0.50 T 4 1/8 11/30/29 BTG00V7 98.81 23,692 3,763,518
0.50 T 1 3/4 11/15/29 BKVKB83 88.70 26,366 3,759,719
0.50 T 3 1/2 09/30/26 BT9K6H2 98.80 23,598 3,748,107
0.50 T 2 7/8 08/15/28 BFZLQP9 95.16 24,371 3,728,126
0.49 T 4 7/8 04/30/26 BLDCKD2 100.77 22,603 3,661,589
0.49 T 2 5/8 02/15/29 BJ7G9F1 93.48 24,383 3,664,355
0.49 T 4 1/2 05/31/29 BS3FRV7 100.43 22,619 3,651,856
0.48 T 4 3/8 12/31/29 BS60BM8 99.90 22,563 3,623,553
0.48 T 4 7/8 05/31/26 BS3FRT5 100.82 22,313 3,616,461
0.48 T 4 1/8 03/31/29 BQV12R4 98.99 22,715 3,614,875
0.48 T 4 5/8 05/15/54 BQSB5H8 96.22 23,302 3,604,411
0.47 T 3 5/8 08/31/29 BRBKHZ1 96.81 22,828 3,552,757
0.47 T 4 1/2 03/31/26 BQV12S5 100.27 21,972 3,541,868
0.47 T 3 1/2 09/30/29 BT9K6K5 96.20 22,695 3,509,837
0.46 T 4 1/4 02/28/29 BMG7NM1 99.51 21,789 3,485,478
0.46 T 1 5/8 08/15/29 BK9DLB7 88.78 24,080 3,436,740
0.45 T 4 1/4 08/15/54 BR2NN95 90.41 23,447 3,407,645
0.45 T 2 7/8 05/15/28 BD59D36 95.52 22,187 3,407,153
0.45 T 4 3/4 11/15/53 BRBS4M1 98.05 21,545 3,395,831
0.45 T 1 1/2 02/15/30 BK8ZZ12 86.84 24,267 3,387,591
0.45 T 4 01/31/29 BPJM982 98.60 21,132 3,349,645
0.44 T 1 5/8 05/15/26 BYZ2XV0 96.63 21,465 3,334,335
0.44 T 1 1/2 08/15/26 BDH26G7 95.83 21,570 3,323,092
0.44 T 4 3/8 07/15/27 BT5FJ16 100.24 20,534 3,308,966
0.44 T 4 1/4 02/15/54 BS2G1C0 90.33 22,752 3,303,808
0.44 T 4 5/8 02/28/26 BMG7NL0 100.38 20,466 3,302,636
0.44 T 2 1/4 08/15/27 BF53YJ5 95.11 21,554 3,295,459
0.43 T 2 3/4 02/15/28 BG0D0D3 95.52 21,166 3,250,287
0.43 T 2 3/8 05/15/27 BF0T9Y8 95.84 20,967 3,230,550
0.43 T 0 3/4 03/31/26 BMDNPN7 95.93 20,813 3,209,833
0.43 T 4 1/8 11/15/27 BRK1506 99.55 20,078 3,213,415
0.43 T 2 1/4 11/15/27 BF92XX5 94.61 21,099 3,209,063
0.42 T 4 1/2 05/15/27 BQSB5L2 100.49 19,658 3,175,733
0.42 T 0 3/4 08/31/26 BN4FTY8 94.58 20,861 3,171,897
0.42 T 1 5/8 02/15/26 BD2C0G0 97.24 20,280 3,170,186
0.42 T 4 12/15/27 BQT5PT1 99.23 19,898 3,174,087
0.42 T 4 1/2 04/15/27 BQBC9Y3 100.50 19,508 3,151,825
0.42 T 0 3/4 05/31/26 BM9BQT8 95.38 20,476 3,139,743
0.42 T 1 1/4 11/30/26 BP39M24 94.68 20,607 3,136,422
0.42 T 0 1/2 02/28/26 BLKH0X0 95.93 20,265 3,125,263
0.42 T 2 11/15/26 BZ1BP78 96.08 20,242 3,126,517
0.42 T 4 1/4 01/31/26 BPJM960 99.98 19,436 3,123,980
0.41 T 0 7/8 06/30/26 BMBYXC7 95.30 20,347 3,117,245
0.41 T 2 1/4 02/15/27 BYPG9T2 96.05 20,134 3,109,073
0.41 T 3 3/4 12/31/28 BRT4MG1 97.73 19,694 3,094,180
0.41 T 1 1/4 09/30/28 BMCV844 89.45 21,502 3,091,737
0.41 T 1 07/31/28 BMD9ZD5 89.12 21,453 3,073,406
0.41 T 3 3/8 09/15/27 BP4YGR1 97.74 19,557 3,073,048
0.41 T 0 3/4 01/31/28 BMZ2XM7 89.97 21,229 3,070,375
0.41 T 0 3/8 12/31/25 BNNXCK0 96.41 19,698 3,053,103
0.40 T 1 3/8 10/31/28 BN7DP74 89.65 21,099 3,040,683
0.40 T 1 1/4 04/30/28 BLPKDT1 90.66 20,785 3,029,093
0.40 T 4 5/8 06/15/27 BSLSTT0 100.80 18,646 3,021,353
0.40 T 0 3/4 04/30/26 BMDV7M4 95.66 19,503 2,999,205
0.40 T 1 1/8 08/31/28 BN4FTZ9 89.26 20,919 3,001,669
0.40 T 0 3/8 01/31/26 BMZ2XK5 96.09 19,365 2,991,362
0.40 T 1 1/4 12/31/26 BPP1JT4 94.44 19,626 2,979,522
0.40 T 0 5/8 07/31/26 BMD9ZB3 94.67 19,541 2,973,920
0.40 T 4 3/8 11/30/28 BNTC728 100.01 18,511 2,976,000
0.39 T 4 7/8 10/31/28 BMWPXZ2 101.76 18,138 2,967,142
0.39 T 4 1/8 02/15/27 BS2G197 99.74 18,488 2,964,479
0.39 T 1 1/8 10/31/26 BN7DP63 94.69 19,466 2,963,113
0.39 T 0 7/8 09/30/26 BMCV833 94.52 19,497 2,962,566
0.39 T 3 7/8 10/15/27 BSVLV71 98.94 18,602 2,958,673
0.39 T 4 1/8 08/15/53 BRT3QH7 88.34 20,759 2,948,163
0.39 T 3 3/4 08/15/27 BR2NN84 98.72 18,598 2,951,420
0.39 T 4 1/4 03/15/27 BQ2MK50 99.98 18,147 2,916,626
0.39 T 4 1/4 12/31/25 BRT4MH2 100.00 18,084 2,907,038
0.38 T 1 1/4 03/31/28 BMDNPR1 90.91 19,763 2,888,390
0.38 T 4 01/15/27 BQPG6W8 99.53 18,042 2,886,771
0.38 T 1 1/8 02/29/28 BLKH0Y1 90.80 19,731 2,880,330
0.38 T 1 1/2 11/30/28 BP39M35 89.87 19,878 2,871,770
0.38 T 1 1/4 05/31/28 BM9BQW1 90.39 19,721 2,865,715
0.38 T 2 1/4 05/15/41 BMCXZ94 70.45 25,244 2,859,179
0.38 T 0 5/8 12/31/27 BNNXCL1 89.90 19,792 2,860,302
0.38 T 1 1/4 06/30/28 BMBYXD8 90.20 19,509 2,828,725
0.37 T 1 7/8 02/28/27 BP94LV5 95.22 18,183 2,783,376
0.37 T 2 1/2 03/31/27 BPRT3V6 96.36 17,870 2,768,210
0.37 T 1 3/8 12/31/28 BPP1JW7 89.19 19,289 2,765,634
0.36 T 1 7/8 02/15/41 BMT9GQ9 66.47 25,422 2,716,462
0.36 T 1 3/4 01/31/29 BN95VM5 90.34 18,710 2,717,168
0.36 T 4 5/8 09/30/28 BMX7M72 100.88 16,737 2,714,169
0.35 T 4 11/15/52 BQXS7C3 86.38 19,183 2,663,607
0.35 T 1 3/4 08/15/41 BLDBLR0 64.28 25,419 2,626,737
0.35 T 2 3/4 04/30/27 BQ2GVM6 96.75 16,811 2,614,618
0.34 T 4 5/8 10/15/26 BRWHW78 100.64 16,030 2,593,538
0.34 T 4 5/8 11/15/26 BRBS4G5 100.66 15,863 2,567,064
0.34 T 0 5/8 11/30/27 BLH34Q2 90.18 17,658 2,559,870
0.34 T 3 5/8 02/15/53 BQXLPR3 80.63 19,588 2,538,824
0.34 T 0 1/2 10/31/27 BMYVTX8 90.13 17,535 2,540,828
0.34 T 2 5/8 05/31/27 BK93979 96.34 16,398 2,539,497
0.34 T 4 3/8 12/15/26 BM92T47 100.23 15,706 2,530,712
0.33 T 3 1/4 06/30/27 BQC7W15 97.69 16,018 2,515,420
0.33 T 4 5/8 04/30/31 BLDCKG5 100.73 15,445 2,501,032
0.33 T 3 5/8 05/15/53 BQYLTM5 80.63 19,213 2,490,233
0.33 T 4 5/8 05/31/31 BS3FRW8 100.71 15,366 2,487,845
0.33 T 1 3/8 11/15/40 BNG0BM3 61.42 25,107 2,479,097
0.32 T 4 1/8 10/31/31 BSZ7PL7 97.78 15,533 2,441,642
0.32 T 3 3/4 08/31/31 BRBKJ00 95.72 15,830 2,435,811
0.32 T 4 3/8 08/15/26 BRT3QF5 100.20 14,970 2,411,304
0.32 T 4 1/8 09/30/27 BN6ML41 99.62 14,941 2,392,782
0.32 T 4 3/8 08/31/28 BMGC3Q0 100.05 14,870 2,391,616
0.32 T 4 1/8 07/31/31 BRC1719 97.91 15,178 2,388,909
0.32 T 2 3/8 05/15/51 BMHV4V8 62.36 23,782 2,384,094
0.32 T 4 02/29/28 BMTY6H5 99.10 14,960 2,383,324
0.32 T 4 1/4 06/30/31 BRT7680 98.64 15,007 2,379,690
0.32 T 0 3/8 09/30/27 BMT6SK8 90.12 16,419 2,378,622
0.32 T 3 3/4 04/15/26 BN6QD47 99.39 14,826 2,368,942
0.31 T 3 5/8 03/31/28 BRPT260 97.95 15,050 2,369,770
0.31 T 4 1/8 10/31/27 BNTVWV9 99.61 14,768 2,364,791
0.31 T 4 1/8 03/31/31 BQV12W9 98.06 14,862 2,342,880
0.31 T 3 7/8 11/30/27 BP4XZ15 98.87 14,696 2,335,723
0.31 T 3 1/2 04/30/28 BMDLR24 97.48 14,863 2,329,273
0.31 T 3 5/8 05/31/28 BP489T6 97.80 14,798 2,326,691
0.31 T 4 5/8 09/15/26 BP5X257 100.60 14,342 2,319,489
0.31 T 4 06/30/28 BQXV186 98.94 14,591 2,320,681
0.31 T 4 1/8 07/31/28 BNTDWZ9 99.29 14,511 2,316,108
0.31 T 4 1/4 02/28/31 BMG7NX2 98.78 14,533 2,307,905
0.31 T 2 3/8 03/31/29 BPRT3T4 92.30 15,526 2,303,875
0.31 T 1 7/8 02/28/29 BP94LT3 90.61 15,786 2,299,389
0.31 T 2 08/15/51 BMWVP21 56.67 25,157 2,291,955
0.30 T 4 3/4 02/15/41 B3RFGR7 98.73 14,430 2,290,438
0.30 T 3 5/8 09/30/31 BT9K6J4 94.95 14,822 2,262,572
0.30 T 2 3/4 07/31/27 BQ7Y9P4 96.38 14,506 2,247,479
0.30 T 0 1/2 08/31/27 BMV9TY6 90.73 111,235 16,223,747
0.30 T 3 1/2 01/31/28 BL6BW07 97.73 14,289 2,245,085
0.30 T 1 7/8 02/15/51 BM9WFN8 55.19 25,120 2,228,623
0.30 T 4 01/31/31 BPJM959 97.51 14,232 2,230,964
0.30 T 3 7/8 12/31/27 BMCVF10 98.87 14,015 2,227,570
0.30 T 4 3/8 05/15/40 B3TCBS2 94.97 14,564 2,223,507
0.29 T 1 1/8 08/15/40 BKVKF47 59.14 23,271 2,212,430
0.29 T 4 1/2 12/31/31 BS60BL7 99.94 13,781 2,214,024
0.29 T 4 1/2 07/15/26 BRBP392 100.36 13,702 2,210,599
0.29 T 4 3/4 11/15/43 BP0VPN5 97.88 14,032 2,207,801
0.29 T 3 08/15/52 BQHM4F3 71.17 19,279 2,205,794
0.29 T 3 1/8 08/31/27 BQ0LV01 97.16 14,141 2,208,641
0.29 T 4 5/8 05/15/44 BPZRNR8 96.14 14,231 2,199,452
0.29 T 2 7/8 04/30/29 BQ2GVL5 94.12 14,495 2,193,123
0.29 T 0 3/8 07/31/27 BMXXZ82 90.70 14,808 2,159,203
0.29 T 4 3/8 08/15/43 BQC4SL8 93.33 14,348 2,152,665
0.29 T 2 11/15/41 BPBMDF5 66.67 20,051 2,149,116
0.29 T 4 1/2 02/15/44 BPG5RX5 94.64 14,128 2,149,460
0.29 T 4 1/8 11/30/31 BTG00S4 97.75 13,669 2,147,897
0.28 T 3 3/8 11/15/48 BGRW851 77.66 17,150 2,140,988
0.28 T 2 7/8 05/15/52 BPSLLZ1 69.38 19,108 2,131,058
0.28 T 4 5/8 03/15/26 BQXJJZ3 100.41 13,206 2,131,723
0.28 T 2 3/4 05/31/29 BK939H9 93.52 14,191 2,133,417
0.28 T 4 3/8 05/15/41 BYQLV12 94.42 13,943 2,116,423
0.28 T 3 3/4 12/31/30 BRT4MF0 96.27 13,672 2,115,950
0.28 T 4 3/8 11/30/30 BNTC717 99.55 13,175 2,108,332
0.28 T 4 1/8 08/15/44 BSLSLK5 89.77 14,574 2,103,102
0.28 T 4 1/8 06/15/26 BRXDCY2 99.83 13,102 2,102,718
0.28 T 4 1/4 11/15/40 B5M0864 93.28 13,912 2,086,245
0.28 T 4 3/8 11/15/39 B59RHH2 95.31 13,607 2,084,932
0.28 T 3 5/8 05/15/26 BQYLTJ2 99.20 13,046 2,080,512
0.28 T 4 5/8 02/15/40 B3M3870 97.78 13,183 2,072,320
0.28 T 0 1/2 05/31/27 BLB6SP4 91.59 14,083 2,073,414
0.28 T 4 1/2 08/15/39 B43HGR4 96.80 13,309 2,071,020
0.28 T 2 1/4 02/15/52 BM96PW9 60.14 21,370 2,066,126
0.28 T 3 02/15/49 BJ7G9G2 72.30 17,769 2,065,207
0.27 T 4 02/15/26 BQXLPS4 99.72 12,872 2,063,590
0.27 T 3 7/8 08/15/40 B50PG34 89.33 14,327 2,057,370
0.27 T 3 1/4 06/30/29 BQC7W26 95.38 13,301 2,039,601
0.27 T 2 5/8 07/31/29 BQ7Y9N2 92.77 13,653 2,036,082
0.27 T 1 7/8 11/15/51 BMCNFZ0 54.72 23,100 2,031,974
0.27 T 4 1/4 05/15/39 B41K8R9 94.41 13,381 2,030,787
0.27 T 3 7/8 01/15/26 BNNMQW7 99.67 12,669 2,029,930
0.27 T 3 3/4 11/15/43 BGK9QZ5 85.39 14,558 1,998,451
0.27 T 0 1/2 06/30/27 BL5BXR2 91.31 13,592 1,995,165
0.26 T 4 5/8 09/30/30 BMX7M83 100.84 12,236 1,983,696
0.26 T 3 3/4 08/15/41 B459474 87.19 14,121 1,979,158
0.26 T 1 5/8 11/15/50 BN7JWV5 51.73 97,681 8,123,888
0.26 T 4 7/8 10/31/30 BMWPXY1 102.11 11,917 1,956,100
0.26 T 4 02/28/30 BMTY6J7 98.09 12,375 1,951,342
0.26 T 4 07/31/30 BNTDWX7 97.85 12,396 1,949,921
0.26 T 2 7/8 05/15/49 BK1WFY3 70.44 17,064 1,932,218
0.26 T 4 1/8 08/31/30 BMGC3L5 98.38 12,227 1,933,627
0.26 T 3 1/4 05/15/42 BMDPZG6 80.67 14,846 1,925,279
0.25 T 3 1/2 01/31/30 BL6BVY4 95.89 12,441 1,917,841
0.25 T 3 5/8 03/31/30 BRPT271 96.28 12,382 1,916,419
0.25 T 3 5/8 08/15/43 BCZQWC2 84.05 14,131 1,909,213
0.25 T 3 7/8 02/15/43 BMXHQM5 87.53 13,522 1,902,698
0.25 T 4 11/15/42 BL56GP6 89.23 13,248 1,900,495
0.25 T 3 08/15/48 BFZLQN7 72.58 16,280 1,899,454
0.25 T 3 7/8 09/30/29 BN6ML52 97.75 11,935 1,875,444
0.25 T 3 3/8 05/15/44 BM7S970 80.38 14,431 1,864,600
0.25 T 3 1/8 05/15/48 BG5NQ30 74.45 15,515 1,856,944
0.25 T 3 1/8 02/15/42 B7FRYY6 79.47 14,524 1,855,530
0.25 T 3 7/8 12/31/29 BMCVF21 97.63 11,795 1,851,079
0.24 T 4 10/31/29 BNTVWS6 98.25 11,626 1,836,202
0.24 T 3 3/4 05/31/30 BP489S5 96.75 11,793 1,834,235
0.24 T 2 3/8 02/15/42 BNYF3R9 70.63 16,095 1,827,384
0.24 T 3 3/4 06/30/30 BMY8B88 96.68 11,771 1,829,535
0.24 T 3 7/8 11/30/29 BP4XZ04 97.67 11,578 1,818,004
0.24 T 1 1/8 05/15/40 BMFKWB3 59.69 18,871 1,810,692
0.24 T 3 1/2 04/30/30 BMDLR35 95.65 11,792 1,813,146
0.24 T 2 1/4 03/31/26 BJ5S5T5 97.66 11,474 1,801,459
0.24 T 3 05/15/42 BYQLTY1 77.67 14,382 1,795,847
0.24 T 1 5/8 09/30/26 BJYQBG9 95.76 11,643 1,792,449
0.24 T 1 3/8 08/31/26 BKS3C71 95.56 11,655 1,790,410
0.24 T 3 11/15/44 BSJWZQ3 75.27 14,650 1,772,569
0.24 T 3 5/8 02/15/44 BJT0ZC0 83.64 13,170 1,770,875
0.24 T 3 1/8 11/15/41 B6ZKRY9 79.75 13,788 1,767,655
0.23 T 3 3/8 08/15/42 BJLVKG0 81.86 13,379 1,760,615
0.23 T 3 11/15/45 BYQP1M5 74.58 14,467 1,734,456
0.23 T 2 3/8 11/15/49 BKVKB94 63.14 17,075 1,733,165
0.23 T 3 1/8 08/31/29 BQ0LV12 94.70 11,383 1,732,911
0.23 T 3 02/15/48 BG0D0F5 72.91 14,736 1,727,136
0.23 T 2 3/4 08/15/42 B75JF50 74.41 14,425 1,725,386
0.23 T 2 3/8 04/30/26 BK1LRJ9 97.66 10,983 1,724,290
0.23 T 1 7/8 06/30/26 BJXXZT2 96.70 11,078 1,721,972
0.23 T 1 1/8 02/28/27 BL1LY73 93.74 11,411 1,719,663
0.23 T 2 3/4 11/15/42 B8JB195 74.08 14,366 1,710,864
0.23 T 2 1/4 08/15/49 BK9DLC8 61.50 17,250 1,705,443
0.23 T 3 7/8 05/15/43 BLB3TM9 87.31 12,098 1,698,130
0.22 T 3 1/8 08/15/44 BPYD753 77.02 13,128 1,625,313
0.22 T 1 5/8 11/30/26 BJR45M4 95.34 11,017 1,688,426
0.22 T 3 05/15/45 BXC4FZ0 74.94 13,995 1,685,954
0.22 T 2 7/8 05/15/43 B8W8CX4 75.09 13,804 1,666,431
0.22 T 2 02/15/50 BK8ZZ34 57.63 17,919 1,659,938
0.22 T 3 1/8 02/15/43 B89T3Q0 78.33 13,128 1,653,035
0.22 T 1 7/8 07/31/26 BJVN8R3 96.52 10,618 1,647,494
0.22 T 0 5/8 03/31/27 BKPSY95 92.48 11,040 1,641,239
0.22 T 2 1/8 05/31/26 BK0Y6D6 97.19 10,453 1,633,242
0.21 T 1 5/8 10/31/26 BKZ7NK6 95.54 10,453 1,605,534
0.21 T 1 3/4 12/31/26 BKRM4B7 95.40 10,462 1,604,505
0.21 T 2 7/8 08/15/45 BYSJ1Z8 73.16 13,486 1,586,016
0.21 T 0 1/2 04/30/27 BMWWQX2 91.88 10,662 1,574,941
0.21 T 1 3/8 08/15/50 BMDNWD6 48.33 20,192 1,568,757
0.21 T 2 5/8 01/31/26 BGC26F2 98.35 9,831 1,554,271
0.21 T 4 5/8 11/15/44 BTPH0B9 96.17 9,969 1,541,252
0.20 T 2 5/8 12/31/25 BHN7686 98.48 9,695 1,534,964
0.20 T 2 1/2 02/28/26 BJKRNY8 98.08 9,716 1,531,899
0.20 T 3 05/15/47 BF0T9Z9 73.41 12,895 1,521,734
0.20 T 2 1/2 05/15/46 BYZ2TS9 67.56 13,671 1,484,792
0.20 T 1 1/4 05/15/50 BMHCRG7 46.98 4,845 365,980
0.19 T 2 3/4 08/15/47 BF53YK6 69.84 13,026 1,462,519
0.19 T 2 1/2 02/15/45 BVVT273 68.72 13,159 1,453,692
0.19 T 4 1/2 02/15/36 B0YBFV4 99.61 9,064 1,451,480
0.19 T 2 1/2 02/15/46 BD2C0D7 67.81 13,292 1,448,972
0.19 T 3 02/15/47 BDRJ2Q0 73.58 12,213 1,444,567
0.19 T 2 3/4 11/15/47 BF92XY6 69.69 12,701 1,422,829
0.19 T 2 7/8 11/15/46 BZ1BP67 72.13 12,117 1,404,964
0.19 T 4 1/2 05/15/38 B3CJB24 97.95 8,883 1,398,750
0.18 T 2 1/4 08/15/46 BD1FML9 64.05 13,382 1,377,827
0.17 T 6 1/8 11/15/27 2124555 104.73 7,675 1,292,296
0.17 T 4 3/8 02/15/38 B2PKS37 96.75 7,981 1,241,312
0.17 T 4 1/2 11/15/54 BRK14H6 94.39 8,175 1,240,558
0.15 T 5 05/15/37 B23Y8Q4 103.19 6,914 1,146,891
0.14 T 3 1/2 02/15/39 B527Q49 87.19 7,715 1,081,381
0.14 T 6 1/4 05/15/30 2545907 108.45 6,041 1,053,318
0.12 T 4 3/4 02/15/37 B1RDG66 101.13 5,645 917,732
0.10 T 5 3/8 02/15/31 2724610 104.63 4,634 779,332
0.10 T 5 1/4 02/15/29 2388704 103.48 4,382 729,007
0.10 T 5 1/2 08/15/28 2285269 103.94 4,339 725,054
0.09 T 6 1/8 08/15/29 2480150 106.94 3,986 685,281
0.09 T 6 1/2 11/15/26 2941572 104.13 3,974 665,244
0.09 T 6 5/8 02/15/27 2894999 104.88 3,858 650,523
0.08 T 5 1/4 11/15/28 2307271 102.91 3,780 625,446
0.08 T 6 3/8 08/15/27 2094937 104.91 3,491 588,799
0.08 T 6 02/15/26 2888163 101.68 3,459 565,453
0.07 T 6 3/4 08/15/26 2942434 103.66 3,035 505,796
Holdings are subject to change.

Sector Breakdown As of 17 Jan 2025

Sector Weight (%)
Government 99.9
Other/Cash 0.1

Country Breakdown As of 17 Jan 2025

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

Research

US Treasuries: Blood on the Streets

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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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