# BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP (BBTP) **Page:** https://fundology.uk/fund/bbtp · ISIN IE00BK6Q9938 ## 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 13/11/2026, BBTP (BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP, ISIN IE00BK6Q9938) closed at £78.26 on the London Stock Exchange. Its ongoing charge is 0.21% a year (about £21 on £10,000). Over the five years to 13/11/2026 its total return was −6.8%, or −27.2% 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: **£78.26** (13/11/2026). ## 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 | £18.8m | | Launched | 2019 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 16/05/2019 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -0.84% | -4.35% | income reinvested | | 3 years | +10.62% | -0.06% | income reinvested | | 5 years | -6.76% | -27.22% | income reinvested | Returns: as reported (delayed data). Inflation: UK 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 +6.0%; 2026 to 13/11/2026 −1.6%. 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: −2.5%; to 30/09/2025: +1.7%; to 30/09/2024: +9.5%; to 30/09/2023: −2.5%; to 30/09/2022: −13.7%. | 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 | +6.0% | +2.4% | Price | | 2026 to 13/11/2026 | -1.6% | -4.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.99% | -4.56% | | 3 years | 5.17% | -4.83% | | 5 years | 5.84% | -17.95% | ## Largest fall Volatility of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 4.0% over 1 year, 5.2% over 3 years, 5.8% over 5 years. Largest fall in the price of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP since November 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 13/11/2026 the price of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP was 8.3% below its highest weekly close since November 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. Compared on 14/11/2026, 60 of the 311 other government bond funds charge more, 1 the same and 250 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 (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP (this fund) | 0.21% | -0.8% | +10.6% | -6.8% | | BetaBuilders US Treasury Bond UCITS ETF Accum USD | 0.18% | -1.7% | +3.0% | -3.6% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.21%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 13/11/2026, BBTP holds 164 positions, according to its published holdings. The largest is US Treas Nts 4.25% 11/15/34 at 1.97% of the fund; the ten largest make up 18.1%. ### Top holdings Largest positions (as of 13/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | US Treas Nts 4.25% 11/15/34 | — | 1.97% | | 2 | US Treas Nts 4.5% 11/15/33 | — | 1.94% | | 3 | US Treas Nts 1.625% 05/15/31 | — | 1.91% | | 4 | US Treas Nts 1.125% 02/15/31 | — | 1.90% | | 5 | US Treas Nts 1.25% 08/15/31 | — | 1.87% | | 6 | US Treas Nts 0.875% 11/15/30 | — | 1.85% | | 7 | US Treas Nts 0.625% 08/15/30 | — | 1.83% | | 8 | US Treas Nts 0.75% 01/31/28 | — | 1.67% | | 9 | US Treas Nts 1.125% 08/31/28 | — | 1.56% | | 10 | US Treas Bds 4.125% 11/15/32 | — | 1.55% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By type of asset Added up from the fund’s published holdings, as of 13/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | All 164 holdings: https://fundology.uk/fund/bbtp/holdings ## Questions people ask **What is the ongoing charge of BBTP?** The ongoing charge of BBTP 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. Platform and dealing fees are charged separately. Ongoing charge of BetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBP 0.21% a year. Compared on 14/11/2026, 60 of the 311 other government bond funds charge more, 1 the same and 250 less (share classes counted once). **What does BBTP track?** BBTP tracks the J.P. Morgan Government Bond Index United States Select Maturity - Benchmark TR Net. **Is BBTP accumulating or distributing?** BBTP is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of BBTP?** The ISIN of BBTP is IE00BK6Q9938. An ISIN identifies one exact share class of a fund; BBTP is its ticker on the London Stock Exchange. **What does BBTP hold?** As of 13/11/2026, BBTP holds 164 positions, according to its published holdings. The largest is US Treas Nts 4.25% 11/15/34 at 1.97% of the fund; the ten largest make up 18.1%. Its ten largest holdings are US Treas Nts 4.25% 11/15/34 (1.97%), US Treas Nts 4.5% 11/15/33 (1.94%), US Treas Nts 1.625% 05/15/31 (1.91%), US Treas Nts 1.125% 02/15/31 (1.90%), US Treas Nts 1.25% 08/15/31 (1.87%), US Treas Nts 0.875% 11/15/30 (1.85%), US Treas Nts 0.625% 08/15/30 (1.83%), US Treas Nts 0.75% 01/31/28 (1.67%), US Treas Nts 1.125% 08/31/28 (1.56%) and US Treas Bds 4.125% 11/15/32 (1.55%). **What were BBTP’s returns in each of the last five years?** Calendar-year returns of BBTP in pounds (price, with income reinvested in the fund): 2022 −13.6%, 2023 +2.8%, 2024 0.0%, 2025 +6.0%; 2026 to 13/11/2026 −1.6%. Past performance is not a guide to future returns. **How has BBTP done after inflation?** Over the five years to 13/11/2026 BBTP’s total return was −6.8%, or −27.2% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at J.P. Morgan Asset Management](https://am.jpmorgan.com/gb/en/asset-management/per/products/jpm-betabuilders-us-treasury-bond-ucits-etf-gbp-hedged-acc-ie00bk6q9938) - [Key investor information document (KIID)](https://wl.fundsquare.net/serv/down-doc/request?cdClient=jpmorgan&isin=IE00BK6Q9938&docTypeCode=KIID&docLang=EN&docCountry=GB) - Links checked 12/10/2026. --- 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.