# M&G US Treasury Bond Active UCITS ETF AccumUSD (MUSP)

**Page:** https://fundology.uk/fund/musp · ISIN IE0000DO92H7

## 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, MUSP (M&G US Treasury Bond Active UCITS ETF AccumUSD, ISIN IE0000DO92H7) closed at £7.43 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000).

## Summary

M&G (Ireland) ETF ICAV - M&G US Treasury Bond Active UCITS ETF AccumUSD is an exchange-traded fund (ETF) from M&G, launched in 2025. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.15% a year — about £15 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.

Latest close: **£7.43** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | MUSP |
| ISIN | IE0000DO92H7 |
| Also listed as | MUSA (London Stock Exchange, US dollars) |
| Category | Government bonds |
| Type | ETF |
| Provider | M&G |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Launched | 2025 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 09/12/2025 |

## Calendar-year returns

Calendar-year returns of M&G (Ireland) ETF ICAV - M&G US Treasury Bond Active UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | +0.5% | -2.7% | Price |

## Charges compared with similar funds

Ongoing charge of M&G (Ireland) ETF ICAV - M&G US Treasury Bond Active UCITS ETF AccumUSD 0.15% a year. Compared on 14/11/2026, 117 of the 311 other government bond funds charge more, 28 the same and 166 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** 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.

## Questions people ask

**What is the ongoing charge of MUSP?**

The ongoing charge of MUSP is 0.15% a year — about £15 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 M&G (Ireland) ETF ICAV - M&G US Treasury Bond Active UCITS ETF AccumUSD 0.15% a year. Compared on 14/11/2026, 117 of the 311 other government bond funds charge more, 28 the same and 166 less (share classes counted once).

**Is MUSP accumulating or distributing?**

MUSP 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 MUSP?**

The ISIN of MUSP is IE0000DO92H7. An ISIN identifies one exact share class of a fund; MUSP is its ticker on the London Stock Exchange. The same share class is also listed as MUSA (London Stock Exchange, US dollars).

**What were MUSP’s returns in each of the last five years?**

Calendar-year returns of MUSP in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.5%. Past performance is not a guide to future returns.

---

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.