# BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP (BBTP) **Source:** https://fundology.uk/fund/bbtp · ISIN IE00BK6Q9938 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 30/09/2026, BBTP (BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP, ISIN IE00BK6Q9938) closed at £77.27 on the London Stock Exchange. Its ongoing charge is 0.21% a year (about £21 on £10,000). Over the five years to 30/09/2026 its total return was −8.4%, or −28.4% after UK CPIH inflation. ## Summary BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP is an exchange-traded fund (ETF) from JPMorgan, launched in 2019. It tracks the J.P. Morgan Government Bond Index United States Select Maturity - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.21% a year — about £21 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£77.27** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | BBTP | | ISIN | IE00BK6Q9938 | | Category | Government bonds | | Type | ETF | | Provider | JPMorgan | | Tracks | J.P. Morgan Government Bond Index United States Select Maturity - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.21% a year (£21 per £10,000) | | Fund size | £13.4m | | Launched | 2019 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -1.48% | -4.57% | income reinvested | | 3 years | +9.65% | -1.05% | income reinvested | | 5 years | -8.38% | -28.38% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP in pounds (price, with income reinvested in the fund): 2022 −13.6%, 2023 +2.8%, 2024 0.0%, 2025 +6.2%; 2026 to 30/09/2026 −3.0%. Returns of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.0%; to 30/09/2025: +1.3%; to 30/09/2024: +9.5%; to 30/09/2023: −2.5%; to 30/09/2022: −14.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -13.6% | -20.9% | Price | | 2023 | +2.8% | -1.3% | Price | | 2024 | -0.0% | -3.4% | Price | | 2025 | +6.2% | +2.5% | Price | | 2026 to 30/09/2026 | -3.0% | -5.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.61% | -4.72% | | 3 years | 5.28% | -4.83% | | 5 years | 5.81% | -17.95% | ## Largest fall Volatility of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP in pounds, annualised from weekly returns to 30/09/2026: 3.6% over 1 year, 5.3% over 3 years, 5.8% over 5 years. Largest fall in the price of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP since October 2021, in pounds: −18.0% from 03/12/2021 to 20/10/2023. The lowest 12-month return of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP in pounds (price, with income reinvested in the fund) since January 2021 was −16.2% (12 months to 04/11/2022); the highest was +9.5% (12 months to 27/09/2024). On 30/09/2026 the price of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP was 9.5% below its highest weekly close since October 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP 0.21% a year, as of 01/10/2026: 52 of the 274 other government bond funds charge more, 1 the same and 221 less (share classes counted once). ## Funds tracking the same index 2 funds track J.P. Morgan Government Bond Index United States Select Maturity - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.18% to 0.21% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP (this fund) | 0.21% | -1.5% | +9.7% | -8.4% | | BetaBuilders US Treasury Bond UCITS ETF Accum USD | 0.18% | -0.7% | +1.2% | -3.2% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.21%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | US Treas Nts 4.25% 11/15/34 | 1.82% | | US Treas Nts 0.625% 08/15/30 | 1.76% | | US Treas Nts 4.5% 11/15/33 | 1.73% | | US Treas Nts 1.125% 02/15/31 | 1.69% | | US Treas Nts 0.875% 11/15/30 | 1.65% | | US Treas Nts 1.625% 05/15/31 | 1.62% | | US Treas Nts 1.25% 08/15/31 | 1.57% | | US Treas Nts 0.75% 01/31/28 | 1.49% | | US Treas Nts 0.625% 12/31/27 | 1.46% | | Wi Treasury SE 4.375% 05/15/34 | 1.44% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By type of asset Added up from the holdings JPMorgan publishes, as of 30/09/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | All 174 holdings: https://fundology.uk/fund/bbtp/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.