U.S. Treasury Bond 7-10 Year Currency Hedged ETF
Generate income and defend your portfolio with US Treasury bonds
Overview
Fund Objective
US10 aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of fixed rate 7-10 year US Treasury bonds, hedged into AUD.
Benefits of US10
-
High credit quality
US Treasury bonds are among the highest credit quality and most liquid of all securities.
-
Diversification and defence
US Treasury bonds historically have been among the better-performing assets during US recessions and periods of global economic weakness.
-
Attractive income
US10 offers the potential for attractive income, paid quarterly.
How to Invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.
Key facts
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
* Data is delayed by at least 20 minutes.
| NAV | |
|---|---|
| NAV/Unit* | $53.29 |
* As at 16 September 2024
Profile
| Net assets* ($A) | $32,522,580 |
|---|---|
| Units outstanding* (#) | 610,341 |
| Management fee and cost** (p.a.) | 0.22% |
| Investment manager | Betashares Capital Ltd |
| Distribution frequency | Quarterly |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Registry | Link Market Services |
* As at 16 September 2024
* As of close of previous day**Certain additional costs apply. Please refer to PDS.
Trading information
| ASX code | US10 |
|---|---|
| Bloomberg code | US10 AU |
| IRESS code | US10.AXW |
| Market makers | BNP Paribas Financial Markets SNC |
Index information
| Index | Bloomberg U.S. Treasury: 7-10 Year Total Return Index Hedged AUD |
|---|---|
| Index provider | Bloomberg |
| Index ticker | N/A |
| Bloomberg index ticker | H00058AU Index |
Portfolio characteristics
| Running yield (local currency, % p.a.) | 3.42 |
|---|---|
| Yield to maturity (local currency, % p.a.) | 3.62 |
| Estimated FX hedging impact (% p.a.) | -0.96 |
| Average maturity (yrs) | 8.54 |
| Modified duration (yrs) | 7.25 |
| Average credit rating | AA+ |
Holdings & allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| UNITED STATES TREASURY NOTE/BOND 4.375% MAY-34 | 10.6% |
| UNITED STATES TREASURY NOTE/BOND 4.0% FEB-34 | 10.2% |
| UNITED STATES TREASURY NOTE/BOND 4.5% NOV-33 | 10.2% |
| UNITED STATES TREASURY NOTE/BOND 3.875% AUG-33 | 9.1% |
| UNITED STATES TREASURY NOTE/BOND 4.125% NOV-32 | 8.6% |
| UNITED STATES TREASURY NOTE/BOND 3.5% FEB-33 | 8.1% |
| UNITED STATES TREASURY NOTE/BOND 3.375% MAY-33 | 8.1% |
| UNITED STATES TREASURY NOTE/BOND 2.875% MAY-32 | 8.1% |
| UNITED STATES TREASURY NOTE/BOND 1.375% NOV-31 | 7.9% |
| UNITED STATES TREASURY NOTE/BOND 1.875% FEB-32 | 7.7% |
* As at 16 September 2024. Excludes cash
Sector allocation
| Sovereign Bonds | 100.0% |
|---|
* As of 30 August 2024
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 1.25% | 1.27% |
| 3 months | 5.33% | 5.41% |
| 6 months | 4.29% | 4.44% |
| 1 year | - | 4.47% |
| 3 year p.a. | - | -5.02% |
| 5 year p.a. | - | -2.09% |
| 10 year p.a. | - | 1.25% |
| Since inception (p.a.) | 6.66% | 6.90% |
| Inception date | 22-Sep-23 | - |
* As at 30 August 2024.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Chart
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Distributions
Yield information
| Distribution frequency | Quarterly |
|---|---|
| 12 mth distribution yield* | - |
*As at 30 August 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 01-Jul-24 | 02-Jul-24 | 16-Jul-24 | $0.633284 | - |
| 02-Apr-24 | 03-Apr-24 | 17-Apr-24 | $0.273897 | - |
| 02-Jan-24 | 03-Jan-24 | 17-Jan-24 | $0.307447 | - |
1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance