Long-term US Treasury bonds
This fund lends to the US government for twenty years or more. The long timeframe makes its price swing a lot when interest rates move, up sharply when rates fall and down sharply when they rise. It is used to bet on falling rates or to balance a stock-heavy portfolio.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Can jump in value if rates fall
- Strong cushion in some crashes
- Backed by the US government
- Big price swings, can fall hard
- Hurt badly when rates rise
- US dollar currency risk for SGD investors
About this fund
The fund tracks the ICE US Treasury 20+ Year index, holding the longest-dated US Treasury bonds. Long maturities give it high duration, meaning large price changes for small shifts in interest rates. It is the accumulating sister share class of the well-known IDTL, popular with investors who want maximum sensitivity to US rate moves.
Available on Interactive Brokers
Low-cost access to Long-term US Treasury bonds and 10,000+ funds worldwide.
Frequently asked questions
Is DTLA.L accumulating or distributing?
iShares $ Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for DTLA.L?
DTLA.L has a total expense ratio (TER) of 0.07% per year. On a $10,000 holding that is roughly $7 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy DTLA.L on Interactive Brokers?
Yes. DTLA.L trades on LSE, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does DTLA.L invest in?
iShares $ Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) tracks the ICE US Treasury 20+ Year Bond Index. This fund lends to the US government for twenty years or more. You buy one fund and get the whole basket in a single trade.
Is DTLA.L a UCITS ETF, and where is it domiciled?
Yes, DTLA.L is a UCITS ETF domiciled in Ireland. For non-US investors, Irish-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is DTLA.L?
On the TickerCompare 1 to 5 scale, DTLA.L is rated higher risk (4/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.