USTB

Superstate Short Duration US Government Securities Fund

USTB
Overview

Assets Under Management

$112.15M

NAV per Share

$10.196083

7-Day Yield 1

5.36%

Management Fee 2

0.15%

The Superstate Short Duration US Government Securities Fund (the “Fund”) offers Qualified Purchasers access to short-duration Treasury Bills. The Fund’s investment objective is to seek current income as is consistent with liquidity and stability of principal, targeting returns in line with the federal funds rate. Ownership in the Fund is represented by an ERC-20 token, USTB. Subscriptions and redemptions are facilitated through USD or USDC, with liquidity each market day. 3

For more information on the mechanics behind USTB see our Knowledge Base

Historical Data
01/23
02/15
03/09
04/01
04/24
05/18
$10.0000
$10.0500
$10.1000
$10.1500
Network Details

Ethereum

Shares

10,913,445.31 (99.22%)

Allowlist

0x42d7...dE8149

Book-Entry

Shares

85,490.73 (0.78%)

Fund Service Providers & Structure

Custodian

UMB Bank, N.A.

Auditor

Ernst & Young LLP

NAV Calculation Agent

NAV Consulting, Inc.

Investment Manager

Superstate Inc.

Sub-Advisor

Federated Hermes, Inc.

Domicile

United States

Structure

The Fund is a series of a Delaware Statutory Trust

Eligible Investors

Qualified Purchasers in supported jurisdictions

Holdings
4

As of 05/17/2024

FHLB Discount 5/21/2024 21-May-2024 5.3575% $19,767,035.00 18.63%
U.S. Treasury Bill 05/21/2024 21-May-2024 5.3414% $3,124,531.00 2.95%
U.S. Treasury Bill 05/21/2024 21-May-2024 5.3901% $1,149,828.00 1.08%
U.S. Treasury Bill 05/23/2024 23-May-2024 5.4005% $6,017,351.00 5.67%
U.S. Treasury Bill 05/28/2024 28-May-2024 5.4049% $9,309,189.00 8.78%
U.S. Treasury Bill 05/30/2024 30-May-2024 5.4064% $1,053,470.00 0.99%
U.S. Treasury Bill 06/04/2024 04-Jun-2024 5.3850% $5,986,920.00 5.64%
U.S. Treasury Bill 06/06/2024 06-Jun-2024 5.4064% $3,461,429.00 3.26%
U.S. Treasury Bill 06/11/2024 11-Jun-2024 5.3978% $3,100,017.00 2.92%
U.S. Treasury Bill 06/13/2024 13-Jun-2024 5.4064% $3,363,188.00 3.17%
U.S. Treasury Bill 06/18/2024 18-Jun-2024 5.3799% $19,915,200.00 18.77%
U.S. Treasury Bill 06/18/2024 18-Jun-2024 5.4073% $4,978,800.00 4.69%
U.S. Treasury Bill, 06/20/2024 20-Jun-2024 5.4013% $4,151,110.00 3.91%
U.S. Treasury Bill 06/25/2024 25-Jun-2024 5.4073% $4,948,931.00 4.67%
U.S. Treasury Bill 06/27/2024 27-Jun-2024 5.4013% $7,756,632.00 7.31%
U.S. Treasury Bill 07/02/2024 02-Jul-2024 5.4021% $3,577,356.00 3.37%
U.S. Treasury Bill 07/05/2024 05-Jul-2024 5.3892% $1,986,540.00 1.87%
U.S. Treasury Bill 07/11/2024 11-Jul-2024 5.3832% $1,488,630.00 1.40%
U.S. Treasury Bill 07/16/2024 16-Jul-2024 5.4021% $9,341,531.00 8.81%
U.S. Treasury Bill 07/16/2024 16-Jul-2024 5.3897% $1,487,505.00 1.40%
U.S. Treasury Bill 07/18/2024 18-Jul-2024 5.4093% $1,982,800.00 1.87%
U.S. Treasury Bill 07/25/2024 25-Jul-2024 5.4145% $990,380.00 0.93%
U.S. Treasury Bill 07/30/2024 30-Jul-2024 5.3844% $989,650.00 0.93%
U.S. Treasury Bill 08/01/2024 01-Aug-2024 5.4093% $989,360.00 0.93%
U.S. Treasury Bill, 08/06/2024 06-Aug-2024 5.3791% $1,977,280.00 1.86%
U.S. Treasury Bill 08/13/2024 13-Aug-2024 5.4107% $987,630.00 0.93%
U.S. Treasury Bill 08/15/2024 15-Aug-2024 5.4018% $6,985,289.00 6.58%
U.S. Treasury Bill 08/15/2024 15-Aug-2024 5.4093% $2,468,300.00 2.33%
U.S. Treasury Bill 08/20/2024 20-Aug-2024 5.4212% $986,600.00 0.93%
U.S. Treasury Bill 08/27/2024 27-Aug-2024 5.4212% $985,590.00 0.93%
U.S. Treasury Bill 09/17/2024 17-Sep-2024 5.4160% $2,088,216.00 1.97%
Disclaimers

Past performance does not guarantee future results.

The Superstate Short Duration US Government Securities Fund (“USTB”) will be limited to Investors that meet certain criteria. Investors will be required to provide certain personal and financial information before eligibility to participate in this offering is determined. The information gathered is to ensure compliance with applicable laws including anti-money laundering as well as “qualified purchaser” status, as defined under the Investment Company Act of 1940, and “accredited investor” status, as defined under the Securities Act of 1933. No investment should be made until offering and Fund related documents, which are available upon request, are thoroughly reviewed and understood.

1 7 Day Yield is reflective of the accrued net income from the Fund’s underlying holdings over the past seven days divided by the average outstanding shares for that same period, divided by the last calculated NAV of the Fund, and then annualized. This 7 Day Yield calculation is inclusive of fees and expenses, which are not accrued until the Fund reaches a $200 million Net Asset Value. The return of the Fund’s underlying holdings are variable and will vary.

2 Management Fee will not accrue until the Fund reaches a $200 million Net Asset Value; once reached, the management fee will accrue daily. This is not inclusive of all fees and expenses that may be incurred by investing in the Fund.

3 USTB purchases and redemptions are made in U.S. Dollars. USDC facilitation is done through Circle, a third party. Daily liquidity facilitated through USDC is subject to risks as outlined within USTB’s Offering Documents.

4 Portfolio holdings are shown as of the date indicated and are unaudited. Since market conditions fluctuate suddenly and frequently, the portfolio holdings may change and this list is not indicative of future portfolio composition. These portfolio holdings are not intended to be and do not constitute recommendations that others buy, sell, or hold any of the securities listed.

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All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. Neither the Website nor any of its content is offered as investment advice and should not be deemed as investment advice or a recommendation to purchase or sell any specific security. The information contained herein reflects the opinions and projections of Superstate as of the date hereof, which are subject to change without notice at any time. Superstate does not represent that any opinion or projection will be realized. Neither Superstate nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current or complete, and such information is subject to change without notice. Any performance information must be considered in conjunction with applicable disclosures. Past performance is not a guarantee of future results. Neither this Website nor its contents should be construed as legal, tax, or other advice. Individuals are urged to consult with their own tax or legal advisers before entering into any advisory contract.

Superstate is currently exempt from registration with the U.S. Securities and Exchange Commission (“SEC”) in reliance on the private fund adviser exemption under the Investment Advisers Act of 1940 (“Advisers Act”). Information about Superstate can be found by visiting the SEC website www.adviserinfo.sec.gov and searching for our firm name. Neither the information, nor any opinion expressed above should be construed as solicitation or recommendation to buy or sell a security or personalized investment, tax, or legal advice.