Inflation-Protected U.S. Treasury Bond Currency Hedged ETF
Overview
Fund Objective
UTIP aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of US Treasury Inflation-Protected Securities (‘TIPS’), hedged into AUD.
TIPS are a type of government bond issued by the US Treasury, whose face value and interest payments are adjusted for inflation, as measured by US CPI.
Benefits
Inflation-protected principal and income
TIPS provide protection from a higher inflation environment by indexing both principal and coupon payments to the US CPI.
Potential defensive benefits
As part of a broader portfolio, UTIP may provide defensive benefits during times of significant global economic weakness.
Potential outperformance in inflationary environments
TIPS typically outperform traditional fixed rate Treasuries of equivalent maturities when inflation is higher than expected, or when inflation expectations are on the upswing (but likewise can be expected to underperform in declining inflationary environments).
Invest in UTIP with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 7,280,077 |
|---|---|
| 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 19 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 19 December 2024 |
| NAV/Unit* | $25.17 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| Bloomberg code | UTIP AU |
|---|---|
| IRESS code | UTIP.AXW |
| Market makers | BNP Paribas Financial Markets SNC |
Index information
| Index | Bloomberg Global Inflation-Linked: U.S. TIPS Total Return Index Hedged AUD |
|---|---|
| Index provider | Bloomberg |
| Index ticker | N/A |
| Bloomberg index ticker | H01551AU Index |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 0.52% | 0.45% |
| 3 months | -0.12% | -0.14% |
| 6 months | 2.96% | 3.00% |
| 1 year | 4.76% | 4.95% |
| 3 year p.a. | - | -3.10% |
| 5 year p.a. | - | 1.18% |
| 10 year p.a. | - | 2.04% |
| Since inception | 4.06% | 4.13% |
| Inception date | 18-Sep-23 | - |
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.
Portfolio characteristics
| Running yield (local currency, % p.a.) | 1.14 |
|---|---|
| Real yield (local currency, % p.a.) | 2.24 |
| Yield to maturity (local currency, % p.a.) | 4.84 |
| Estimated FX hedging impact (% p.a.) | -0.40 |
| Average maturity (yrs) | 7.16 |
| Modified duration (yrs) | 6.54 |
| Average credit rating | AA+ |
* As at 20 December 2024
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| UNITED STATES TREASURY INFLATION INDEXED BONDS 1.875% JUL-34 | 4.0 |
| UNITED STATES TREASURY INFLATION INDEXED BONDS 1.75% JAN-34 | 3.8 |
| UNITED STATES TREASURY INFLATION INDEXED BONDS 1.125% JAN-33 | 3.5 |
| UNITED STATES TREASURY INFLATION INDEXED BONDS 1.375% JUL-33 | 3.5 |
| UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% JUL-32 | 3.5 |
| UNITED STATES TREASURY INFLATION INDEXED BONDS 2.125% APR-29 | 3.4 |
| UNITED STATES TREASURY INFLATION INDEXED BONDS 2.375% OCT-28 | 3.4 |
| UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% JAN-32 | 3.3 |
| UNITED STATES TREASURY INFLATION INDEXED BONDS 1.625% OCT-27 | 3.2 |
| UNITED STATES TREASURY INFLATION INDEXED BONDS 1.25% APR-28 | 3.1 |
Sector allocation
| Sovereign Bonds | 100.0% |
|---|
* As of 29 November 2024
Distributions
Frequency and yield
| Distribution frequency | Quarterly |
|---|---|
| 12 mth distribution yield* | 2.0% |
*As at 29 November 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) |
|---|---|---|---|---|
| 1-Oct-24 | 2-Oct-24 | 16-Oct-24 | $0.127272 | - |
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.120888 | - |
| 2-Apr-24 | 3-Apr-24 | 17-Apr-24 | $0.11165 | - |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.14375 | - |
Announcements
ASX Announcements: UTIP
Payment notice information
NRWT & fund payments
| Document | Date |
|---|---|
| 2024-09 | |
| 2024-06 | |
| 2024-03 | |
| 2023-12 |