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 28 Jun 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 28 Jun 2024

NAV/Unit (A$) 9.13810000
Currency (NAV) AUD
Shares Outstanding 86,360,687
AUM (A$) 789,172,433.30
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 May 2024

12-Month Yield 2.24%
12-Month Franking Level 0.00%
Distribution Frequency Quarterly
Distribution History View

Portfolio Characteristics As of 28 Jun 2024

Current Yield (%) 3.06
Yield to Maturity (%) 4.41
Average Maturity (Yrs) 7.81
Modified Duration (%) 5.92
Moody’s Credit Rating Aaa

Performance Table As of 28 Jun 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 1.28% 1.27% 0.01% 0.04%
3 Months -0.20% -0.21% -- 0.07%
1 Year -0.81% -0.85% 0.04% 0.42%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. -2.32% -2.41% 0.09% 1.45%

Top Holdings As of 1 Jul 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
0.89 T 4 02/15/34 BS2G1B9 96.88 48,408 7,021,859
0.88 T 4 1/2 11/15/33 BRBS4K9 100.72 46,013 6,939,183
0.79 T 3 7/8 08/15/33 BRT3QG6 96.00 43,354 6,231,882
0.75 T 1 5/8 05/15/31 BMHV4S5 83.77 46,662 5,852,598
0.74 T 4 1/8 11/15/32 BQXS7B2 98.11 39,282 5,770,629
0.73 T 1 1/8 02/15/31 BM9WFM7 81.58 46,995 5,740,427
0.71 T 3 1/2 02/15/33 BQXLPX9 93.52 39,797 5,572,543
0.71 T 2 7/8 05/15/32 BPSLLY0 89.92 41,112 5,535,449
0.70 T 3 3/8 05/15/33 BQYLTK3 92.47 39,953 5,531,823
0.70 T 0 7/8 11/15/30 BN7JWT3 80.70 45,413 5,487,676
0.68 T 2 3/4 08/15/32 BQHM4D1 88.80 40,274 5,354,754
0.68 T 1 3/8 11/15/31 BMCNFW7 81.16 43,910 5,335,940
0.67 T 1 7/8 02/15/32 BM96PV8 83.78 41,943 5,261,696
0.65 T 0 5/8 08/15/30 BMDNWC5 79.95 42,499 5,087,913
0.55 T 0 5/8 05/15/30 BMHCRF6 80.68 36,041 4,353,899
0.54 T 4 1/2 05/31/29 BS3FRV7 100.54 28,115 4,232,438
0.54 T 4 5/8 04/30/29 BLDCKH6 101.00 27,829 4,208,650
0.54 T 3 1/8 11/15/28 BGRW840 94.80 29,634 4,206,285
0.53 T 4 7/8 05/31/26 BS3FRT5 100.14 27,484 4,121,102
0.52 T 2 5/8 02/15/29 BJ7G9F1 92.55 29,622 4,104,900
0.52 T 2 3/8 05/15/29 BK1WFV0 91.17 30,011 4,096,930
0.52 T 4 3/4 11/15/53 BRBS4M1 103.05 26,497 4,088,458
0.52 T 2 7/8 08/15/28 BFZLQP9 94.08 28,850 4,063,967
0.51 T 4 1/4 02/15/54 BS2G1C0 94.92 28,367 4,031,818
0.50 T 4 7/8 04/30/26 BLDCKD2 100.09 26,386 3,954,523
0.50 T 4 1/8 03/31/29 BQV12R4 98.84 26,713 3,953,656
0.50 T 4 1/2 03/31/26 BQV12S5 99.42 26,243 3,906,583
0.49 T 1 1/2 02/15/30 BK8ZZ12 85.70 30,197 3,874,772
0.49 T 1 1/4 08/15/31 BMWVP09 80.98 31,868 3,864,402
0.49 T 4 1/4 02/28/29 BMG7NM1 99.41 25,604 3,811,052
0.48 T 2 1/4 11/15/25 BYQ26R6 96.37 26,302 3,795,272
0.48 T 4 5/8 02/28/26 BMG7NL0 99.59 25,427 3,791,713
0.48 T 2 7/8 05/15/28 BD59D36 94.35 26,768 3,781,741
0.48 T 2 08/15/25 BYS2RD7 96.63 26,132 3,781,005
0.48 T 1 5/8 08/15/29 BK9DLB7 87.50 28,851 3,780,035
0.48 T 2 3/4 02/15/28 BG0D0D3 94.15 26,760 3,772,461
0.48 T 1 3/4 11/15/29 BKVKB83 87.66 28,602 3,754,344
0.47 T 4 1/8 08/15/53 BRT3QH7 92.83 26,337 3,660,680
0.46 T 4 01/31/29 BPJM982 98.33 24,549 3,614,310
0.46 T 4 1/4 01/31/26 BPJM960 98.99 24,230 3,591,412
0.46 T 1 5/8 02/15/26 BD2C0G0 94.91 25,190 3,579,940
0.45 T 1 5/8 05/15/26 BYZ2XV0 94.34 25,097 3,545,145
0.45 T 2 1/4 02/15/27 BYPG9T2 94.16 25,122 3,542,063
0.45 T 1 1/2 08/15/26 BDH26G7 93.49 25,269 3,537,442
0.45 T 2 1/4 08/15/27 BF53YJ5 93.33 25,296 3,535,034
0.45 T 2 11/15/26 BZ1BP78 94.00 25,011 3,520,240
0.45 T 2 3/8 05/15/27 BF0T9Y8 94.07 24,900 3,507,234
0.44 T 2 1/4 11/15/27 BF92XX5 92.93 24,895 3,464,021
0.44 T 4 1/2 05/15/27 BQSB5L2 99.77 23,152 3,458,775
0.44 T 4 1/2 04/15/27 BQBC9Y3 99.76 23,037 3,441,116
0.44 T 3 3/4 12/31/28 BRT4MG1 97.31 23,589 3,437,107
0.44 T 1 1/4 05/31/28 BM9BQW1 88.54 25,907 3,434,562
0.44 T 4 1/4 12/31/25 BRT4MH2 99.00 23,028 3,413,473
0.43 T 0 1/2 02/28/26 BLKH0X0 93.05 24,287 3,383,807
0.43 T 0 3/8 01/31/26 BMZ2XK5 93.13 24,164 3,369,688
0.43 T 0 7/8 09/30/26 BMCV833 91.95 24,426 3,363,077
0.43 T 0 3/4 04/30/26 BMDV7M4 92.94 24,160 3,362,080
0.43 T 1 1/8 10/31/26 BN7DP63 92.20 24,307 3,355,750
0.42 T 0 3/4 03/31/26 BMDNPN7 93.20 23,880 3,332,380
0.42 T 0 3/4 08/31/26 BN4FTY8 91.89 24,208 3,330,784
0.42 T 0 3/4 05/31/26 BM9BQT8 92.67 23,999 3,330,024
0.42 T 1 1/4 06/30/28 BMBYXD8 88.34 25,144 3,326,111
0.42 T 0 5/8 07/31/26 BMD9ZB3 91.91 24,112 3,318,124
0.42 T 4 3/8 11/30/28 BNTC728 99.84 22,074 3,300,031
0.42 T 1 3/8 10/31/28 BN7DP74 88.05 25,017 3,298,084
0.42 T 2 1/4 05/15/41 BMCXZ94 72.08 30,510 3,292,776
0.42 T 1 1/4 03/31/28 BMDNPR1 88.93 24,677 3,285,969
0.42 T 1 1/4 09/30/28 BMCV844 87.73 25,013 3,285,911
0.42 T 0 3/8 12/31/25 BNNXCK0 93.45 23,488 3,286,571
0.42 T 1 1/8 02/29/28 BLKH0Y1 88.71 24,688 3,279,299
0.42 T 1 1/4 04/30/28 BLPKDT1 88.73 24,655 3,275,862
0.41 T 1 1/4 11/30/26 BP39M24 92.27 23,387 3,231,293
0.41 T 1 7/8 11/15/51 BMCNFZ0 57.81 37,259 3,225,305
0.41 T 1 1/8 08/31/28 BN4FTZ9 87.48 24,591 3,221,286
0.41 T 4 1/8 02/15/27 BS2G197 98.77 21,726 3,212,963
0.41 T 4 7/8 11/30/25 BNTC739 99.84 21,450 3,206,496
0.41 T 0 3/4 01/31/28 BMZ2XM7 87.69 24,386 3,201,792
0.41 T 0 7/8 06/30/26 BMBYXC7 92.69 23,040 3,197,589
0.41 T 4 11/15/52 BQXS7C3 90.80 23,441 3,186,847
0.40 T 0 3/8 11/30/25 BLH34N9 93.75 22,552 3,165,673
0.40 T 4 1/4 03/15/27 BQ2MK50 99.11 21,332 3,165,660
0.40 T 4 01/15/27 BQPG6W8 98.45 21,377 3,151,322
0.40 T 1 7/8 02/15/41 BMT9GQ9 68.14 30,805 3,143,036
0.40 T 1 1/4 12/31/26 BPP1JT4 92.11 22,751 3,137,856
0.40 T 4 7/8 10/31/28 BMWPXZ2 101.74 20,390 3,106,273
0.40 T 4 5/8 09/30/28 BMX7M72 100.71 20,556 3,099,866
0.39 T 1 07/31/28 BMD9ZD5 87.22 23,532 3,073,226
0.39 T 3 5/8 05/15/53 BQYLTM5 84.81 24,178 3,070,451
0.39 T 1 1/2 11/30/28 BP39M35 88.37 23,145 3,062,486
0.39 T 5 10/31/25 BMWPY04 99.96 20,342 3,044,827
0.39 T 1 1/2 01/31/27 BKMH699 92.45 21,931 3,035,950
0.39 T 0 5/8 12/31/27 BNNXCL1 87.54 23,087 3,026,169
0.38 T 3 5/8 02/15/53 BQXLPR3 84.78 23,738 3,013,519
0.38 T 1 3/4 08/15/41 BLDBLR0 65.83 30,581 3,014,248
0.38 T 2 3/8 05/15/51 BMHV4V8 65.61 30,648 3,010,866
0.38 T 1 3/8 12/31/28 BPP1JW7 87.69 22,658 2,974,951
0.38 T 1 7/8 02/28/27 BP94LV5 93.20 21,235 2,963,285
0.38 T 0 1/4 09/30/25 BMT6SJ7 94.24 20,966 2,958,635
0.38 T 4 3/8 12/15/26 BM92T47 99.34 19,836 2,950,677
0.37 T 4 5/8 11/15/26 BRBS4G5 99.88 19,409 2,902,521
0.37 T 1 3/8 11/15/40 BNG0BM3 62.86 30,867 2,905,218
0.37 T 0 1/4 10/31/25 BMYVTV6 93.93 20,575 2,893,694
0.37 T 2 1/2 03/31/27 BPRT3V6 94.69 20,406 2,893,176
0.37 T 0 5/8 11/30/27 BLH34Q2 87.80 21,976 2,889,249
0.37 T 5 09/30/25 BMX7M61 99.92 19,221 2,875,719
0.37 T 0 1/4 08/31/25 BMV9TX5 94.57 20,281 2,871,813
0.36 T 4 5/8 02/15/40 B3M3870 101.23 18,752 2,842,450
0.36 T 2 08/15/51 BMWVP21 59.83 31,456 2,817,908
0.36 T 0 1/2 10/31/27 BMYVTX8 87.66 21,292 2,794,809
0.36 T 0 1/4 07/31/25 BMXXZ93 94.94 19,642 2,792,324
0.35 T 4 3/8 11/15/39 B59RHH2 98.53 18,532 2,734,143
0.35 T 1 7/8 02/28/29 BP94LT3 89.40 20,270 2,713,303
0.35 T 3 1/4 06/30/27 BQC7W15 96.38 18,796 2,712,354
0.35 T 1 3/4 01/31/29 BN95VM5 89.03 20,319 2,708,705
0.34 T 5 08/31/25 BMGC3P9 99.88 18,094 2,706,127
0.34 T 4 5/8 10/15/26 BRWHW78 99.83 18,087 2,703,646
0.34 T 4 5/8 05/31/31 BS3FRW8 101.44 17,747 2,695,526
0.34 T 4 3/4 02/15/41 B3RFGR7 102.31 17,593 2,695,183
0.34 T 1 7/8 02/15/51 BM9WFN8 58.16 30,902 2,690,904
0.34 T 2 7/8 05/15/52 BPSLLZ1 73.03 24,576 2,687,425
0.34 T 3 08/15/52 BQHM4F3 74.95 23,908 2,683,167
0.34 T 4 5/8 04/30/31 BLDCKG5 101.42 17,565 2,667,427
0.34 T 0 1/4 06/30/25 BL5BXQ1 95.29 18,636 2,658,887
0.34 T 4 5/8 09/15/26 BP5X257 99.80 17,744 2,651,675
0.34 T 2 5/8 05/31/27 BK93979 94.73 18,590 2,636,780
0.34 T 4 3/4 07/31/25 BNTDWY8 99.63 17,678 2,637,086
0.34 T 2 3/8 03/31/29 BPRT3T4 91.34 19,273 2,635,824
0.34 T 4 1/8 09/30/27 BN6ML41 98.77 17,799 2,632,451
0.33 T 2 3/4 04/30/27 BQ2GVM6 95.18 18,423 2,625,522
0.33 T 0 3/8 09/30/27 BMT6SK8 87.57 19,972 2,618,755
0.33 T 4 3/4 11/15/43 BP0VPN5 101.06 17,324 2,621,514
0.33 T 2 11/15/41 BPBMDF5 68.45 25,497 2,613,383
0.33 T 4 3/8 05/15/40 B3TCBS2 98.27 17,710 2,605,776
0.33 T 4 1/8 07/31/28 BNTDWZ9 98.81 17,552 2,596,950
0.33 T 4 3/8 08/31/28 BMGC3Q0 99.75 17,325 2,587,685
0.33 T 3 7/8 12/31/27 BMCVF10 97.97 17,593 2,580,811
0.33 T 2 3/4 07/31/27 BQ7Y9P4 94.84 18,124 2,573,893
0.33 T 3 1/8 08/31/27 BQ0LV01 95.84 17,906 2,569,742
0.33 T 4 3/8 05/15/34 BQSB5K1 99.81 17,190 2,569,152
0.33 T 4 1/8 10/31/27 BNTVWV9 98.77 17,341 2,564,641
0.33 T 4 3/8 08/15/26 BRT3QF5 99.26 17,244 2,562,830
0.33 T 1 1/8 08/15/40 BKVKF47 60.64 28,219 2,562,264
0.33 T 4 1/2 08/15/39 B43HGR4 99.98 17,091 2,558,676
0.32 T 3 7/8 11/30/27 BP4XZ15 97.98 17,365 2,547,659
0.32 T 3 5/8 03/31/28 BRPT260 97.08 17,479 2,540,800
0.32 T 4 3/8 08/15/43 BQC4SL8 96.25 17,646 2,543,110
0.32 T 3 07/15/25 BMQ53Q9 97.86 17,321 2,537,948
0.32 T 4 1/8 03/31/31 BQV12W9 98.50 17,200 2,536,731
0.32 T 4 5/8 06/30/25 BQXV164 99.48 16,997 2,531,979
0.32 T 4 1/4 02/28/31 BMG7NX2 99.22 16,983 2,523,022
0.32 T 0 1/4 05/31/25 BLB6SL0 95.60 17,604 2,519,968
0.32 T 4 1/2 11/15/25 BQVW426 99.34 16,915 2,515,905
0.32 T 3 3/8 11/15/48 BGRW851 80.94 20,771 2,517,287
0.32 T 2 7/8 04/30/29 BQ2GVL5 93.36 17,994 2,515,350
0.32 T 4 1/2 02/15/44 BPG5RX5 97.83 17,180 2,516,628
0.32 T 3 1/8 08/15/25 BQHM4C0 97.86 17,110 2,507,082
0.32 T 1 5/8 11/15/50 BN7JWV5 54.50 30,699 2,505,225
0.32 T 2 7/8 06/15/25 BQB7JY8 97.87 17,052 2,498,822
0.32 T 2 1/4 02/15/52 BM96PW9 63.45 26,144 2,483,963
0.31 T 3 1/2 01/31/28 BL6BW07 96.73 17,042 2,468,219
0.31 T 4 3/8 05/15/41 BYQLV12 97.70 16,809 2,459,015
0.31 T 0 1/2 08/31/27 BMV9TY6 88.20 18,543 2,449,011
0.31 T 3 1/2 09/15/25 BNHSXS6 98.15 16,541 2,430,940
0.31 T 4 5/8 03/15/26 BQXJJZ3 99.60 16,194 2,415,078
0.31 T 4 1/4 10/15/25 BPTH5G7 99.01 16,214 2,403,656
0.31 T 3 7/8 08/15/40 B50PG34 92.38 17,376 2,403,441
0.31 T 4 06/30/28 BQXV186 98.36 16,285 2,398,444
0.31 T 4 02/15/26 BQXLPS4 98.61 16,239 2,397,624
0.30 T 4 01/31/31 BPJM959 97.81 16,316 2,389,586
0.30 T 3 1/2 04/30/28 BMDLR24 96.62 16,481 2,384,321
0.30 T 4 1/4 11/15/40 B5M0864 96.53 16,485 2,382,807
0.30 T 3 3/4 12/31/30 BRT4MF0 96.42 16,471 2,377,977
0.30 T 4 02/29/28 BMTY6H5 98.36 16,085 2,368,964
0.30 T 4 1/4 05/31/25 BP489V8 99.14 15,904 2,360,796
0.30 T 0 3/8 07/31/27 BMXXZ82 88.09 17,886 2,359,288
0.30 T 3 02/15/49 BJ7G9G2 75.50 20,856 2,357,723
0.30 T 3 3/4 04/15/26 BN6QD47 98.14 16,032 2,356,030
0.30 T 2 3/4 05/31/29 BK939H9 92.75 16,861 2,341,676
0.30 T 3 7/8 01/15/26 BNNMQW7 98.45 15,874 2,339,961
0.30 T 3 5/8 05/31/28 BP489T6 97.03 16,075 2,335,467
0.30 T 4 12/15/25 BL6JPN5 98.67 15,770 2,329,836
0.30 T 3 5/8 05/15/26 BQYLTJ2 97.89 15,865 2,325,445
0.30 T 4 7/8 10/31/30 BMWPXY1 102.64 15,120 2,323,771
0.30 T 4 3/8 11/30/30 BNTC717 99.91 15,491 2,317,426
0.29 T 4 5/8 09/30/30 BMX7M83 101.24 15,223 2,307,745
0.29 T 3 1/4 06/30/29 BQC7W26 94.86 16,246 2,307,482
0.29 T 2 7/8 05/15/49 BK1WFY3 73.63 20,744 2,286,837
0.29 T 3 1/4 05/15/42 BMDPZG6 82.89 18,411 2,285,089
0.29 T 1 3/8 08/15/50 BMDNWD6 50.94 29,908 2,281,098
0.29 T 4 1/4 05/15/39 B41K8R9 97.38 15,639 2,280,206
0.29 T 3 08/15/48 BFZLQN7 75.61 20,039 2,268,723
0.29 T 4 1/2 07/15/26 BRBP392 99.49 15,120 2,252,507
0.29 T 4 11/15/42 BL56GP6 91.88 16,287 2,240,582
0.29 T 3 3/4 11/15/43 BGK9QZ5 88.11 16,969 2,238,740
0.28 T 3 5/8 08/15/43 BCZQWC2 86.63 17,141 2,223,304
0.28 T 0 1/2 06/30/27 BL5BXR2 88.75 16,671 2,215,451
0.28 T 3 5/8 02/15/44 BJT0ZC0 86.34 17,111 2,212,162
0.28 T 3 7/8 02/15/43 BMXHQM5 90.13 16,341 2,205,147
0.28 T 3 3/4 08/15/41 B459474 89.98 16,314 2,198,133
0.28 T 4 1/8 08/31/30 BMGC3L5 98.56 14,727 2,173,508
0.28 T 4 1/8 06/15/26 BRXDCY2 98.79 14,671 2,170,002
0.27 T 3 1/8 11/15/41 B6ZKRY9 82.11 17,553 2,158,008
0.27 T 2 3/8 02/15/42 BNYF3R9 72.55 19,851 2,156,408
0.27 T 3 7/8 05/15/43 BLB3TM9 89.97 15,984 2,153,215
0.27 T 3 3/8 05/15/44 BM7S970 83.05 17,086 2,124,659
0.27 T 3 7/8 09/30/29 BN6ML52 97.55 14,518 2,120,506
0.27 T 3 1/8 08/31/29 BQ0LV12 94.15 15,025 2,118,105
0.27 T 4 02/28/30 BMTY6J7 98.04 14,372 2,109,752
0.27 T 2 3/8 11/15/49 BKVKB94 66.16 21,289 2,108,839
0.27 T 3 1/8 02/15/43 B89T3Q0 80.69 17,404 2,102,650
0.27 T 3 1/8 02/15/42 B7FRYY6 81.84 17,140 2,100,529
0.27 T 4 07/31/30 BNTDWX7 97.94 14,270 2,092,670
0.27 T 2 5/8 07/31/29 BQ7Y9N2 92.00 15,163 2,088,832
0.27 T 3 7/8 12/31/29 BMCVF21 97.47 14,301 2,087,117
0.27 T 3 3/4 06/30/30 BMY8B88 96.63 14,405 2,084,167
0.26 T 3 05/15/42 BYQLTY1 79.98 17,349 2,077,837
0.26 T 3 7/8 11/30/29 BP4XZ04 97.51 14,209 2,074,501
0.26 T 3 3/8 08/15/42 BJLVKG0 84.22 16,467 2,076,599
0.26 T 4 10/31/29 BNTVWS6 98.13 14,075 2,067,982
0.26 T 1 1/8 05/15/40 BMFKWB3 61.23 22,573 2,069,706
0.26 T 3 1/8 08/15/44 BPYD753 79.64 17,329 2,066,438
0.26 T 3 5/8 03/31/30 BRPT271 96.13 14,122 2,032,627
0.26 T 0 1/2 05/31/27 BLB6SP4 88.98 15,228 2,029,031
0.26 T 3 1/2 04/30/30 BMDLR35 95.45 14,187 2,027,730
0.26 T 3 1/2 01/31/30 BL6BVY4 95.61 14,085 2,016,352
0.26 T 2 1/4 08/15/49 BK9DLC8 64.39 20,863 2,011,467
0.26 T 3 1/8 05/15/48 BG5NQ30 77.50 17,337 2,011,836
0.26 T 3 3/4 05/31/30 BP489S5 96.69 13,863 2,007,032
0.25 T 2 7/8 05/15/43 B8W8CX4 77.38 17,268 2,000,671
0.25 T 3 11/15/45 BYQP1M5 77.14 17,313 1,999,799
0.25 T 2 7/8 08/15/45 BYSJ1Z8 75.66 17,602 1,994,004
0.25 T 3 02/15/48 BG0D0F5 75.83 17,438 1,979,973
0.25 T 3 11/15/44 BSJWZQ3 77.83 16,935 1,973,570
0.25 T 2 3/4 08/15/42 B75JF50 76.64 17,131 1,965,939
0.25 T 0 1/2 04/30/27 BMWWQX2 89.26 14,504 1,938,431
0.24 T 2 3/4 11/15/42 B8JB195 76.38 16,584 1,896,552
0.24 T 2 1/2 02/15/45 BVVT273 71.06 17,647 1,877,739
0.24 T 3 05/15/45 BXC4FZ0 77.45 16,165 1,874,661
0.24 T 3 02/15/47 BDRJ2Q0 76.38 16,304 1,864,529
0.24 T 2 5/8 01/31/26 BGC26F2 96.51 12,804 1,850,319
0.24 T 3 09/30/25 BFM0VV0 97.52 12,664 1,849,134
0.24 T 2 3/4 08/31/25 BG0MNF3 97.36 12,678 1,848,176
0.23 T 3 05/15/47 BF0T9Z9 76.23 16,154 1,843,983
0.23 T 2 7/8 11/30/25 BGSLD30 97.14 12,671 1,842,962
0.23 T 1 7/8 06/30/26 BJXXZT2 94.56 12,982 1,838,136
0.23 T 2 3/8 04/30/26 BK1LRJ9 95.75 12,767 1,830,339
0.23 T 2 02/15/50 BK8ZZ34 60.50 20,209 1,830,726
0.23 T 3 10/31/25 BGN70G5 97.41 12,529 1,827,540
0.23 T 1 5/8 11/30/26 BJR45M4 93.09 13,044 1,818,311
0.23 T 1 5/8 10/31/26 BKZ7NK6 93.30 13,001 1,816,298
0.23 T 2 3/4 06/30/25 BD9MJH7 97.69 12,332 1,803,816
0.23 T 1 3/4 12/31/26 BKRM4B7 93.25 12,890 1,799,848
0.23 T 1 3/8 08/31/26 BKS3C71 93.15 12,857 1,793,289
0.23 T 1 1/8 02/28/27 BL1LY73 91.34 13,043 1,783,953
0.23 T 2 7/8 07/31/25 BFNQWY7 97.67 12,158 1,778,048
0.22 T 1 5/8 09/30/26 BJYQBG9 93.52 12,574 1,760,817
0.22 T 2 7/8 11/15/46 BZ1BP67 74.81 15,605 1,748,119
0.22 T 2 3/4 11/15/47 BF92XY6 72.45 16,037 1,739,819
0.22 T 2 3/4 08/15/47 BF53YK6 72.59 15,968 1,735,653
0.22 T 0 5/8 03/31/27 BKPSY95 89.85 12,830 1,726,084
0.22 T 2 7/8 05/31/25 BF50TQ8 97.93 11,761 1,724,537
0.22 T 2 1/4 03/31/26 BJ5S5T5 95.68 11,902 1,705,233
0.21 T 2 5/8 12/31/25 BHN7686 96.68 11,645 1,685,673
0.21 T 2 1/2 02/28/26 BJKRNY8 96.20 11,578 1,667,657
0.21 T 2 1/2 05/15/46 BYZ2TS9 70.02 15,871 1,663,876
0.21 T 2 1/2 02/15/46 BD2C0D7 70.19 15,759 1,656,165
0.21 T 2 1/8 05/31/26 BK0Y6D6 95.17 11,541 1,644,617
0.21 T 1 7/8 07/31/26 BJVN8R3 94.34 11,617 1,640,990
0.21 T 4 1/2 02/15/36 B0YBFV4 101.50 10,792 1,640,234
0.20 T 2 1/4 08/15/46 BD1FML9 66.41 16,094 1,600,239
0.19 T 4 1/2 05/15/38 B3CJB24 100.53 10,144 1,526,925
0.19 T 4 5/8 05/15/54 BQSB5H8 101.05 9,861 1,492,008
0.18 T 3 1/2 02/15/39 B527Q49 89.59 10,479 1,405,759
0.18 T 5 05/15/37 B23Y8Q4 105.77 8,774 1,389,484
0.18 T 6 1/8 11/15/27 2124555 104.97 8,755 1,376,025
0.18 T 4 3/8 02/15/38 B2PKS37 99.45 9,246 1,376,864
0.16 T 1 1/4 05/15/50 BMHCRG7 49.33 17,298 1,277,622
0.14 T 6 1/4 05/15/30 2545907 109.41 6,923 1,134,213
0.14 T 4 3/4 02/15/37 B1RDG66 103.45 6,897 1,068,408
0.14 T 5 3/8 02/15/31 2724610 106.00 6,690 1,061,760
0.12 T 4 5/8 05/15/44 BPZRNR8 99.52 6,507 969,632
0.10 T 6 02/15/26 2888163 101.75 5,242 798,685
0.10 T 6 1/8 08/15/29 2480150 107.73 4,762 768,128
0.09 T 5 1/4 02/15/29 2388704 103.53 4,748 735,978
0.09 T 5 1/2 08/15/28 2285269 104.15 4,692 731,628
0.09 T 6 7/8 08/15/25 2935553 102.13 4,703 719,209
0.09 T 5 1/4 11/15/28 2307271 103.16 4,514 697,250
0.09 T 6 1/2 11/15/26 2941572 104.89 4,275 671,447
0.08 T 6 5/8 02/15/27 2894999 105.09 4,161 654,788
0.08 T 6 3/8 08/15/27 2094937 105.18 3,755 591,366
0.07 T 6 3/4 08/15/26 2942434 104.00 3,750 584,036
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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