# State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD (USTY) **Page:** https://fundology.uk/fund/usty · ISIN IE00B44CND37 ## 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, USTY (State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD, ISIN IE00B44CND37) closed at £70.92 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was −3.2%, or −24.4% after UK CPIH inflation. ## Summary SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD is an exchange-traded fund (ETF) from SPDR, launched in 2011. It tracks the Bloomberg U.S. Treasury Bond Index - Benchmark TR Gross. 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 paid out to holders as cash, usually a few times a year. Latest close: **£70.92** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | USTY | | ISIN | IE00B44CND37 | | Also listed as | TRSY (London Stock Exchange, US dollars), SYBT (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | SPDR | | Tracks | Bloomberg U.S. Treasury Bond Index - Benchmark TR Gross | | Income | Distributing | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £206m | | Launched | 2011 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 03/06/2011 | ## Income and distributions > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 14/11/2026, the latest distribution of USTY was US$1.8889 per share: it went ex-dividend on 03/08/2026 and was paid on 17/08/2026. In the 12 months to 14/11/2026 USTY declared 2 distributions, together US$3.6675 per share. Latest distributions of USTY per share, as of 14/11/2026: | Ex-dividend date | Payment date | Amount per share | |---|---|---| | 03/08/2026 | 17/08/2026 | US$1.8889 | | 02/02/2026 | 17/02/2026 | US$1.7786 | | 04/08/2025 | 18/08/2025 | US$1.7358 | | 03/02/2025 | 18/02/2025 | US$1.6543 | | 02/08/2024 | 16/08/2024 | US$1.5508 | | 01/02/2024 | 15/02/2024 | US$1.3779 | | 01/08/2023 | 15/08/2023 | US$1.1797 | | 01/02/2023 | 15/02/2023 | US$0.9911 | USTY declares its distributions in US dollars; what reaches an account in pounds depends on the exchange rate the platform uses. Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 30 distributions are on record since 29/07/2011. ## 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 | -2.12% | -5.59% | income reinvested | | 3 years | +3.67% | -6.34% | income reinvested | | 5 years | -3.16% | -24.41% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD in pounds (price only, income paid out not included): 2022 −3.1%, 2023 −4.1%, 2024 +0.3%, 2025 −5.7%; 2026 to 13/11/2026 −3.0%. Returns of SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.3%; to 30/09/2025: −1.9%; to 30/09/2024: −3.1%; to 30/09/2023: −11.8%; to 30/09/2022: +4.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.1% | -11.3% | Price | | 2023 | -4.1% | -7.9% | Price | | 2024 | +0.3% | -3.1% | Price | | 2025 | -5.7% | -8.9% | Price | | 2026 to 13/11/2026 | -3.0% | -6.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.74% | -7.58% | | 3 years | 7.29% | -11.58% | | 5 years | 8.03% | -21.19% | ## Largest fall Volatility of SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 6.7% over 1 year, 7.3% over 3 years, 8.0% over 5 years. Largest fall in the price of SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD since November 2021, in pounds: −21.2% from 23/09/2022 to 26/08/2026. The lowest 12-month return of SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −13.4% (12 months to 22/09/2023); the highest was +7.4% (12 months to 23/09/2022). On 13/11/2026 the price of SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD was 19.9% below its highest weekly close since November 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD 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). ## Funds tracking the same index 2 funds track Bloomberg U.S. Treasury Bond Index - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.15% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | SSgA SPDR ETFs Europe I Plc - Blm. U.S. Treas. Bd. UCITS ETF | 0.05% | — | — | — | | SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD (this fund) | 0.15% | -2.1% | +3.7% | -3.2% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.15%** per year - 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 05/11/2026, USTY holds 229 positions, according to its published holdings. The largest is US Treasury N/B 4.5 11/15/2033 at 1.14% of the fund; the ten largest make up 10.6%. ### Top holdings Largest positions (as of 05/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | US Treasury N/B 4.5 11/15/2033 | — | 1.14% | | 2 | US Treasury N/B 4.375 05/15/2034 | — | 1.12% | | 3 | US Treasury N/B 4.25 11/15/2034 | — | 1.08% | | 4 | US Treasury N/B 4.125 11/15/2032 | — | 1.06% | | 5 | US Treasury N/B 4 11/15/2035 | — | 1.05% | | 6 | US Treasury N/B 1.375 11/15/2031 | — | 1.04% | | 7 | US Treasury N/B 4 02/28/2030 | — | 1.04% | | 8 | US Treasury N/B 4.625 02/15/2035 | — | 1.04% | | 9 | US Treasury N/B 4.25 08/15/2035 | — | 1.02% | | 10 | US Treasury N/B 2.875 05/15/2032 | — | 1.01% | The 227 holdings on record (of 229 reported): https://fundology.uk/fund/usty/holdings ## Questions people ask **What is the ongoing charge of USTY?** The ongoing charge of USTY 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 SSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD 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). **What does USTY track?** USTY tracks the Bloomberg U.S. Treasury Bond Index - Benchmark TR Gross. **Is USTY accumulating or distributing?** USTY is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **When does USTY pay dividends?** USTY pays its income out twice a year. In the 12 months to 14/11/2026 it went ex-dividend on 02/02/2026 and 03/08/2026. The latest distribution went ex-dividend on 03/08/2026 and was paid on 17/08/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change. **What is the ISIN of USTY?** The ISIN of USTY is IE00B44CND37. An ISIN identifies one exact share class of a fund; USTY is its ticker on the London Stock Exchange. The same share class is also listed as TRSY (London Stock Exchange, US dollars) and SYBT (Xetra, euros). **What does USTY hold?** As of 05/11/2026, USTY holds 229 positions, according to its published holdings. The largest is US Treasury N/B 4.5 11/15/2033 at 1.14% of the fund; the ten largest make up 10.6%. Its ten largest holdings are US Treasury N/B 4.5 11/15/2033 (1.14%), US Treasury N/B 4.375 05/15/2034 (1.12%), US Treasury N/B 4.25 11/15/2034 (1.08%), US Treasury N/B 4.125 11/15/2032 (1.06%), US Treasury N/B 4 11/15/2035 (1.05%), US Treasury N/B 1.375 11/15/2031 (1.04%), US Treasury N/B 4 02/28/2030 (1.04%), US Treasury N/B 4.625 02/15/2035 (1.04%), US Treasury N/B 4.25 08/15/2035 (1.02%) and US Treasury N/B 2.875 05/15/2032 (1.01%). **What were USTY’s returns in each of the last five years?** Calendar-year returns of USTY in pounds (price only, income paid out not included): 2022 −3.1%, 2023 −4.1%, 2024 +0.3%, 2025 −5.7%; 2026 to 13/11/2026 −3.0%. Past performance is not a guide to future returns. **How has USTY done after inflation?** Over the five years to 13/11/2026 USTY’s total return was −3.2%, or −24.4% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at State Street Global Advisors](https://www.ssga.com/uk/en_gb/intermediary/etfs/state-street-spdr-bloomberg-us-treasury-bond-ucits-etf-dist-sybt-gy) - [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00B44CND37&documentType=kiid&country=uk&language=en_gb&ticker=sybt-gy) - [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-sybt-gy.pdf) - 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.