The ETF's objective is to reflect the returns of the ICE US Treasury Core Bond index with a base currency in US dollars.
It offers investors exposure to US government bonds with different maturities and has an expense ratio of 0.07%.
This comes 1 basis point more expensive than Invesco’s US Treasury Bond UCITS ETF (TRES) and 2 basis points higher than Amundi’s Prime US Treasury UCITS ETF (PRIT).
TRES and PRIT launched earlier this year in January and March, respectively. Both have performed well since launching with TRES producing returns of 7.8% and PRIT producing an impressive 18.8%.