Key Highlights

  • Betashares Inflation Protected US Treasury Bond Currency Hedged ETF (ASX:UTIP) holds 48 US Treasury securities and tracks a hedged inflation-linked index.
  • iShares U.S. Treasury Bond (AUD Hedged) ETF (ASX:IUSG) tracks the ICE U.S. Treasury Core Bond Index, with a management fee of 0.17%.
  • Betashares US Treasury Bond 20+ Year Currency Hedged ETF (ASX:GGOV) is benchmarked to the S&P US Treasury 20+Yr Hgd TR AUD index.

Three bond exchange traded funds provide AUD hedged exposure to the US Treasury market: Betashares Inflation Protected US Treasury Bond Currency Hedged ETF (ASX:UTIP), iShares U.S. Treasury Bond (AUD Hedged) ETF (ASX:IUSG) and Betashares US Treasury Bond 20+ Year Currency Hedged ETF (ASX:GGOV). Each follows a different index, covering inflation-linked Treasuries, the Treasury core bond market and long-dated Treasuries.

Betashares Inflation Protected US Treasury Bond Currency Hedged ETF (ASX:UTIP)

The Responsible Entity employs a passive management approach with the aim of tracking the index's performance before fees and expenses. The fund is categorised as Bonds - Inflation-linked, a category that predominantly invests in fixed interest securities indexed to inflation, most commonly CPI, with terms to maturity generally greater than one year.

The fund holds 48 holdings. Its largest positions are United States Treasury Notes 1.875% (4.05%), United States Treasury Notes 2.125% (4.00%), United States Treasury Notes 1.875% (3.98%), United States Treasury Notes 1.875% (3.76%), United States Treasury Notes 1.75% (3.60%), and the top ten holdings together account for 36.32% of the portfolio.

The remaining top ten positions are United States Treasury Notes 1.125% (3.43%), United States Treasury Notes 1.25% (3.39%), United States Treasury Notes 1.625% (3.37%), United States Treasury Notes 1.125% (3.35%), United States Treasury Notes 1.375% (3.34%).

The most recent recorded distribution was a interim distribution of $0.277 per unit, with an ex-date of 1 October 2026, a record date of 2 October 2026 and payment on 16 October 2026.

iShares U.S. Treasury Bond (AUD Hedged) ETF (ASX:IUSG)

The index is designed to measure the AUD hedged performance of the U.S. Treasury bond market. The fund is categorised as Bonds - Global, a category that invests in foreign government and corporate debt with terms to maturity generally greater than one year and typically maintains a predominant currency hedge.

The portfolio is held through a single investment, iShares $ Treasury Bond ETF AUD H Dist (GADUx), which represents 99.93% of the fund.

In terms of asset allocation, bonds make up 99.76% of the portfolio and cash 0.24%. Geographic exposure is United States (100.00%).

The most recent recorded distribution was a interim distribution of $2.016 per unit, with an ex-date of 29 September 2026, a record date of 30 September 2026 and payment on 9 October 2026.

Betashares US Treasury Bond 20+ Year Currency Hedged ETF (ASX:GGOV)

The benchmark name indicates exposure to US Treasury bonds with maturities of 20 years or more, hedged to Australian dollars. The Bonds - Global category invests in foreign government and corporate debt with terms to maturity generally greater than one year, with an average credit quality typically of 'A-' or above and a predominant currency hedge.

Fund Details at a Glance

  • UTIP: Bonds - Inflation-linked; benchmark Bloomberg Gbl Inf Lnked US TIPS H TR AUD; admitted 20 September 2023; fund size $104.05 million; management fee 0.22%
  • IUSG: Bonds - Global; benchmark ICE U.S. Treasury Core Bond H TR AUD; admitted 22 September 2023; fund size $33.98 million; management fee 0.17%
  • GGOV: Bonds - Global; benchmark S&P US Treasury 20+Yr Hgd TR AUD; admitted 11 May 2020; fund size $82.40 million

Closing Perspective

UTIP, IUSG and GGOV each give hedged access to US Treasuries through a different index. UTIP's most recent distribution was $0.277 per unit (paid 16 October 2026) and IUSG's was $2.016 per unit (paid 9 October 2026).