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M&G US Treasury Bond Active UCITS ETF GBP-H Acc
ISIN IE000YFPL0I4
|Ticker MUSS
ETF Actively managed strategy
TER
0.18% p.a.
Distribution policy
Accumulating
Replication
Physical
Fund size
GBP 153 m
Inception Date
12 December 2025
Overview
Description
The M&G US Treasury Bond Active UCITS ETF GBP-H Acc is an actively managed ETF.
The ETF tracks US dollar-denominated government bonds issued by the US Treasury. All maturities are included. Rating: Investment grade. Currency hedged to British Pound (GBP).
Documents
Chart
Basics
Data
| Index | M&G US Treasury Bond Active (GBP Hedged) |
| Investment focus | Bonds, USD, United States, Government, All maturities |
| Fund size | GBP 153 m |
| Total expense ratio | 0.18% p.a. |
| Replication | Physical (Full replication) |
| Legal structure | ETF |
| Investment approach | Actively managed |
| Sustainability | No |
| Fund currency | GBP |
| Currency risk | Currency hedged |
| Volatility 1 year (in GBP) | - |
| Inception/ Listing Date | 12 December 2025 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Ireland |
| Fund Provider | M&G |
| Fund Structure | Company With Variable Capital (SICAV) |
| UCITS compliance | Yes |
| Administrator | State Street Fund Services (Ireland) Limited |
| Investment Advisor | M&G Investment Management Limited |
| Custodian Bank | State Street Custodial Services (Ireland) Limited |
| Revision Company | EY Ireland |
| Fiscal Year End | 31 December |
| Swiss representative | - |
| Swiss paying agent | - |
| Germany | Unknown |
| Switzerland | No ESTV Reporting |
| Austria | Non-Tax Reporting Fund |
| UK | UK Reporting |
| Italy | - |
| Indextype | - |
| Swap counterparty | - |
| Collateral manager | |
| Securities lending | No |
| Securities lending counterparty |
Similar ETFs
This section provides you with information on other ETFs with a similar investment focus to the M&G US Treasury Bond Active UCITS ETF GBP-H Acc.
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Performance
Returns overview
| YTD | - |
| 1 month | -0.60% |
| 3 months | -0.40% |
| 6 months | - |
| 1 year | - |
| 3 years | - |
| 5 years | - |
| Since inception (MAX) | -1.67% |
| 2025 | - |
| 2024 | - |
| 2023 | - |
| 2022 | - |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | - |
| Volatility 3 years | - |
| Volatility 5 years | - |
| Return per risk 1 year | - |
| Return per risk 3 years | - |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | - |
| Maximum drawdown 3 years | - |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | -2.65% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| London Stock Exchange | GBP | MUSS |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| Vanguard USD Treasury Bond UCITS ETF Accumulating | 1,323 | 0.05% p.a. | Accumulating | Sampling |
| Xtrackers II US Treasuries UCITS ETF 1D | 942 | 0.06% p.a. | Distributing | Sampling |
| Vanguard USD Treasury Bond UCITS ETF Distributing | 536 | 0.05% p.a. | Distributing | Sampling |
| State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USD Unhedged (Dist) | 268 | 0.05% p.a. | Distributing | Sampling |
| Invesco US Treasury Bond UCITS ETF | 241 | 0.06% p.a. | Distributing | Sampling |
Latest articles
Frequently asked questions
What is the name of MUSS?
The name of MUSS is M&G US Treasury Bond Active UCITS ETF GBP-H Acc.
What is the ticker of M&G US Treasury Bond Active UCITS ETF GBP-H Acc?
The primary ticker of M&G US Treasury Bond Active UCITS ETF GBP-H Acc is MUSS.
What is the ISIN of M&G US Treasury Bond Active UCITS ETF GBP-H Acc?
The ISIN of M&G US Treasury Bond Active UCITS ETF GBP-H Acc is IE000YFPL0I4.
What are the costs of M&G US Treasury Bond Active UCITS ETF GBP-H Acc?
The total expense ratio (TER) of M&G US Treasury Bond Active UCITS ETF GBP-H Acc amounts to 0.18% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
What's the fund size of M&G US Treasury Bond Active UCITS ETF GBP-H Acc?
The fund size of M&G US Treasury Bond Active UCITS ETF GBP-H Acc is 153m GBP. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.