NYSE Arca · ETF
Invest in ULST ETF from India
Indian and foreign residents can buy State Street Ultra Short Term Bond ETF (ULST) units directly through Paasa.
By Paasa · Updated
ULST at a glance
- Price
- $40.24+$0.01 (0.01%)
- Expense ratio
- 0.2%
- Day range
- $40.22 – $40.24
- Assets
- $514.3M
- Domicile
- the US
- Holdings
- 285
- Launched
- 2013
- Dividends
- Distributing
- 1 month
- -0.38%
- 6 months
- -0.51%
- YTD
- -0.68%
- 1 year
- -1.12%
- 5 years
- -0.56%
Price change, excluding dividends.
Top 10 holdings
- 1US TREASURY N/B 02/27 4.12512.2%
- 2SSI US GOV MONEY MARKET CLASS10.0%
- 3TREASURY BILL 10/26 0.000007.5%
- 4TREASURY BILL 10/26 0.000005.6%
- 5US 2YR NOTE (CBT) DEC264.5%
- 6US TREASURY N/B 08/27 3.6253.4%
- 7US TREASURY N/B 06/28 43.2%
- 8ATHENE GLOBAL FUNDING SR SECURED 144A 11/26 2.952.7%
- 9TORONTO DOMINION BANK SR UNSECURED 12/26 4.5681.9%
- 10TRUIST BANK SUBORDINATED 10/26 3.81.5%
ULST holds 285 securities in total. These 10 are 52.6% of the fund.
Where the money is invested
Countries
- United States73.5%
- Other15.5%
- Canada3.1%
- Spain2.6%
- Japan1.8%
- United Kingdom1.6%
How to invest in ULST from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search ULST and buy
Find the fund by its ticker, ULST, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in ULST from India
What ULST holds
The State Street Ultra Short Term Bond ETF aims to generate current income for investors, while steadfastly upholding capital preservation and offering readily available daily liquidity. This objective is met through a strategic allocation to high-quality, short-duration investments.
Hold a dollar asset
ULST is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one ULST unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy ULST from India?
Yes. Indian residents can buy State Street Ultra Short Term Bond ETF (ULST) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does ULST invest in?
State Street Ultra Short Term Bond ETF holds 285 securities. Its largest holdings are US TREASURY N/B 02/27 4.125 (12.2%), SSI US GOV MONEY MARKET CLASS (10.0%) and TREASURY BILL 10/26 0.00000 (7.5%). It is a distributing fund domiciled in the US.
What is the expense ratio of ULST?
State Street Ultra Short Term Bond ETF has an expense ratio of 0.2% a year, taken from the fund's assets rather than billed to you. The fund manages about $514.3M.
How are ULST dividends taxed in India?
State Street Ultra Short Term Bond ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell ULST?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one ULST unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $40.24, and there is no minimum trade size.
What happens to my ULST units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.