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›ETF Providers›Waystone›MUSS

MUSS

IE000YFPL0I4

Active ETF Fixed Income

MUSS ETF · M&G US Treasury Bond Active UCITS ETF

The MUSS Exchange Traded Fund (ETF) is provided by Waystone. This fund is actively managed; it does not track an index. The dividend policy is capitalization.

Share class

Acc

GBP

Hedged

Last update 3/16/2026, 8:00 AM UTC

LIVE

CLOSED

This fund is part ofUS Treasuries1M perf.-1.66%

Last price

£10.05

1M perf.

-1.00%

1M flows

+€579K

AuM

€175M

E/R

0.18%

Rating

Not rated

ESG Consensus®

MUSS

£10.05

Performance & flows

Segment for quartile rank

December 31, 2025 → March 16, 2026

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MUSS

£10.06

+0.60%

US Treasuries

+0.26%

Historic performance and flows

	1M	3M	1Y	3Y	5Y	MTD	QTD	YTD
Perf.	-1.00%	N/A	N/A	N/A	N/A	-1.55%	+0.60%	+0.60%
Flows

Key fund info

Segment for quartile rank

Main characteristics

Issuer

Waystone

ISIN

IE000YFPL0I4

AuM

€175M

E/R

0.18%

ESG Consensus®

More details

NAV

3/16/2026

£10.06

1D NAV change

+0.38%

Dividend policy

Capitalization

No. of holdings

N/A

Inception date

12/12/2025

Jurisdiction

Ireland

Distribution

United Kingdom

Legal structure

Irish Collective Asset-management Vehicle

Base currency

GBP

Classification

Product type

Active ETF

Asset class

Fixed Income

Factors

N/A

Share class info

GBP capitalizing hedged

Total AuM of fund

€177M

Decimalisation of shares

Investment strategy

The Sub-Fund aims to provide a higher total return (through a combination of capital growth and income) than that of the US treasury market over any 5-year period.

Tax optimisation

PEA

France

UK Reporting Status

United Kingdom

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Risk profile

Segment for quartile rank

Historical risk/return profile

Data will be available soon for this fund.

Synthetic Risk and Reward Indicator (SRRI)

UCITS

N/A

PRIIPS

N/A

Built for professionals: access exclusive risk metrics in Trackinsight Enterprise.

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

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Exposure

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Enterprise

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Sustainability

Integrates ESG criteria

SDG

Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

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Issuer

Waystone

Waystone ID Card

Number of funds

Total AuM

€313M

Expense ratio range

0.15% - 0.18%

Average expense ratio

0.1575%

View all Waystone funds

Top 4 funds by Waystone

		AuM
MUSS	M&G US Treasury Bond Active UCITS ETF	€175M
MUKL	M&G UK Index-Link Gilts Active UCITS ETF	€69M
MGIL	M&G UK Gilts Active UCITS ETF	€67M
MUSA	M&G US Treasury Bond Active UCITS ETF	€1.7M

Frequently asked questions about MUSS

What does M&G US Treasury Bond Active UCITS ETF, MUSS, invest in?

MUSS is a Active ETF. This ETF provides exposure to US Investment Grade Government Bonds.

What is the Total Expense ratio (TER) of MUSS?

MUSS carries a total expense ratio (TER) of 0.18%, indicating the annual cost for holding the fund.

When was MUSS launched?

MUSS was introduced to the market on December 12, 2025. It trades on United Kingdom

Who is the ETF issuer of MUSS?

M&G US Treasury Bond Active UCITS ETF, MUSS, is provided by Waystone. Learn more about Waystone here.

Does MUSS have multiple share classes?

Yes, MUSS is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .

What is the current assets under management (AUM) of MUSS?

MUSS oversees €175M in assets as of March 16, 2026.

How has MUSS performed lately?

Based on data from March 16, 2026, MUSS returned -1.00% over the past month and 0.60% year-to-date.

What are the latest inflows or outflows for MUSS?

As of March 16, 2026, MUSS recorded net flows of +€582K over the last month and +€582K year-to-date.

Does MUSS distribute dividends?

MUSS follows a capitalizing, meaning it reinvests income within the fund.

What is the base currency of MUSS?

The base currency of MUSS is GBP.

Is MUSS currency-hedged?

MUSS is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.

About Trackinsight

Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.

Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.

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MUSS ETF · M&G US Treasury Bond Active UCITS ETF

Performance & flows

Historic performance and flows

Monthly performance and flows

Trading and listing info

Key fund info

Enterprise

Risk profile

Historical risk/return profile

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Exposure

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Sustainability

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Issuer

Frequently asked questions about MUSS

What does M&G US Treasury Bond Active UCITS ETF, MUSS, invest in?

MUSS is a Active ETF. This ETF provides exposure to US Investment Grade Government Bonds.

What is the Total Expense ratio (TER) of MUSS?

MUSS carries a total expense ratio (TER) of 0.18%, indicating the annual cost for holding the fund.

When was MUSS launched?

MUSS was introduced to the market on December 12, 2025. It trades on United Kingdom

Who is the ETF issuer of MUSS?

M&G US Treasury Bond Active UCITS ETF, MUSS, is provided by Waystone. Learn more about Waystone here.

Does MUSS have multiple share classes?

Yes, MUSS is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes here.

What is the current assets under management (AUM) of MUSS?

MUSS oversees €175M in assets as of March 16, 2026.

How has MUSS performed lately?

Based on data from March 16, 2026, MUSS returned -1.00% over the past month and 0.60% year-to-date.

What are the latest inflows or outflows for MUSS?

As of March 16, 2026, MUSS recorded net flows of +€582K over the last month and +€582K year-to-date.

Does MUSS distribute dividends?

MUSS follows a capitalizing, meaning it reinvests income within the fund.

What is the base currency of MUSS?

The base currency of MUSS is GBP.

Is MUSS currency-hedged?

MUSS is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.

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Yes, MUSS is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .