October 2026 · struck at the Sep 30, 2026 rebalance
Safe Rate 1-12 Month US Treasury Total Return Index constituents
Every one of the 90 holdings, with the three deductions that set its weight, both prices, and its contribution to the month. The contributions add to the published return, which is what makes a level checkable rather than something to trust.
Check it yourself
- Holdings
- 90
- Weights sum to
- 100.0000%
- Contributions sum to
- +0.401183%
- Market value
- $6.50tn
Both totals are added up on this page from the rows in the table below, not read from a stored figure, a total computed somewhere you cannot see would prove nothing. The check below compares that sum against the published month return for this rebalance, shown as the closed month on the 1-12 Month page, fetched separately. Not against that page’s headline level, which is a daily valuation of these holdings on a later day and is a different figure.
These reconcile. The holdings below sum to +0.401183% against a published month return of +0.401183%, a difference of 1.4e-8 basis points, the published rounding rather than arithmetic. That shows this level is reproducible from these holdings; it is not a check on the prices behind them, since both sides use the same ones.
How each weight is set
Par auctioned, less what Treasury has bought back and retired, less what the Federal Reserve holds, gives the float that is actually investable. The two deductions are applied in that order rather than combined: a buyback destroys the debt, while the Federal Reserve only parks it, so merging them would restore retired par the moment quantitative tightening reversed.
| CUSIP | Coupon | Matures | Par auctioned | − Bought back | − Fed held | = Float par | Start dirty | End dirty | Weight | Return | Contribution |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 912797UM7 | 0.000% | Nov 5, 2026 | $261.24bn | – | $17.24bn | $244.00bn | 99.6199 | 99.9677 | 3.740% | +0.349% | +0.01306% |
| 912797TC1 | 0.000% | Dec 24, 2026 | $232.80bn | – | $20.96bn | $211.84bn | 99.0690 | 99.4222 | 3.230% | +0.357% | +0.01151% |
| 912797SU2 | 0.000% | Nov 27, 2026 | $228.43bn | – | $19.03bn | $209.39bn | 99.3683 | 99.7292 | 3.202% | +0.363% | +0.01163% |
| 912797UY1 | 0.000% | Nov 12, 2026 | $179.41bn | – | $10.40bn | $169.00bn | 99.5392 | 99.8922 | 2.589% | +0.355% | +0.00918% |
| 912797VA2 | 0.000% | Dec 3, 2026 | $179.42bn | – | $10.42bn | $169.00bn | 99.3035 | 99.6650 | 2.583% | +0.364% | +0.00940% |
| 912797VG9 | 0.000% | Dec 10, 2026 | $181.02bn | – | $12.02bn | $169.00bn | 99.2281 | 99.5873 | 2.581% | +0.362% | +0.00934% |
| 912797VH7 | 0.000% | Dec 17, 2026 | $183.67bn | – | $14.67bn | $169.00bn | 99.1487 | 99.5075 | 2.578% | +0.362% | +0.00933% |
| 912797UZ8 | 0.000% | Nov 19, 2026 | $180.37bn | – | $12.59bn | $167.78bn | 99.4610 | 99.8168 | 2.568% | +0.358% | +0.00919% |
| 912797VW4 | 0.000% | Nov 10, 2026 | $168.12bn | – | $12.29bn | $155.83bn | 99.5633 | 99.9138 | 2.388% | +0.352% | +0.00840% |
| 912797VX2 | 0.000% | Nov 17, 2026 | $168.44bn | – | $12.61bn | $155.83bn | 99.4856 | 99.8383 | 2.386% | +0.355% | +0.00846% |
| 912797VP9 | 0.000% | Nov 3, 2026 | $164.79bn | – | $10.19bn | $154.60bn | 99.6425 | 99.9894 | 2.370% | +0.348% | +0.00825% |
| 912797VY0 | 0.000% | Nov 24, 2026 | $168.34bn | – | $14.61bn | $153.73bn | 99.4030 | 99.7617 | 2.352% | +0.361% | +0.00849% |
| 912797UD7 | 0.000% | Mar 18, 2027 | $140.06bn | – | $13.36bn | $126.70bn | 98.0633 | 98.4587 | 1.912% | +0.403% | +0.00771% |
| 912797TM9 | 0.000% | Jan 21, 2027 | $135.98bn | – | $10.61bn | $125.37bn | 98.7400 | 99.1133 | 1.905% | +0.378% | +0.00720% |
| 912797TV9 | 0.000% | Feb 18, 2027 | $137.06bn | – | $14.28bn | $122.78bn | 98.4056 | 98.7910 | 1.859% | +0.392% | +0.00728% |
| 912797VS3 | 0.000% | Jan 7, 2027 | $83.20bn | – | $4.19bn | $79.00bn | 98.9002 | 99.2667 | 1.202% | +0.371% | +0.00445% |
| 912797VT1 | 0.000% | Jan 14, 2027 | $82.20bn | – | $3.20bn | $79.00bn | 98.8187 | 99.1929 | 1.201% | +0.379% | +0.00455% |
| 912797VU8 | 0.000% | Jan 28, 2027 | $84.55bn | – | $5.55bn | $79.00bn | 98.6513 | 99.0357 | 1.199% | +0.390% | +0.00467% |
| 912797WC7 | 0.000% | Feb 25, 2027 | $82.56bn | – | $3.56bn | $79.00bn | 98.3136 | 98.6999 | 1.195% | +0.393% | +0.00470% |
| 912797WD5 | 0.000% | Mar 4, 2027 | $83.76bn | – | $4.76bn | $79.00bn | 98.2290 | 98.6173 | 1.194% | +0.395% | +0.00472% |
| 912797WL7 | 0.000% | Mar 25, 2027 | $84.34bn | – | $5.34bn | $79.00bn | 97.9729 | 98.3714 | 1.191% | +0.407% | +0.00484% |
| 912797WB9 | 0.000% | Feb 11, 2027 | $83.79bn | – | $6.13bn | $77.65bn | 98.4779 | 98.8694 | 1.177% | +0.398% | +0.00468% |
| 912797WK9 | 0.000% | Mar 11, 2027 | $85.07bn | – | $7.59bn | $77.48bn | 98.1530 | 98.5452 | 1.170% | +0.400% | +0.00468% |
| 912797VJ3 | 0.000% | Dec 31, 2026 | $84.12bn | – | $8.44bn | $75.68bn | 98.9813 | 99.3444 | 1.153% | +0.367% | +0.00423% |
| 912797VV6 | 0.000% | Feb 4, 2027 | $85.26bn | – | $9.57bn | $75.70bn | 98.5650 | 98.9503 | 1.148% | +0.391% | +0.00449% |
| 912828Z78 | 1.500% | Jan 31, 2027 | $98.52bn | $3.03bn | $22.08bn | $73.42bn | 99.3465 | 99.7269 | 1.122% | +0.383% | +0.00430% |
| 912797WH6 | 0.000% | Dec 29, 2026 | $78.14bn | – | $6.14bn | $72.00bn | 99.0161 | 99.3667 | 1.097% | +0.354% | +0.00388% |
| 912797WN3 | 0.000% | Jan 5, 2027 | $76.31bn | – | $4.31bn | $72.00bn | 98.9200 | 99.2889 | 1.096% | +0.373% | +0.00409% |
| 912797WR4 | 0.000% | Jan 26, 2027 | $77.95bn | – | $6.79bn | $71.16bn | 98.6707 | 99.0603 | 1.080% | +0.395% | +0.00427% |
| 912797WG8 | 0.000% | Dec 22, 2026 | $76.60bn | – | $5.98bn | $70.62bn | 99.0957 | 99.4472 | 1.077% | +0.355% | +0.00382% |
| 91282CME8 | 4.250% | Dec 31, 2026 | $69.68bn | – | $678.7m | $69.00bn | 101.0740 | 101.4436 | 1.073% | +0.366% | +0.00392% |
| 91282CMY4 | 3.750% | Apr 30, 2027 | $73.73bn | $453.0m | $4.73bn | $68.55bn | 101.2255 | 99.7707 | 1.068% | +0.415% | +0.00443% |
| 91282CNL1 | 3.750% | Jun 30, 2027 | $75.87bn | $235.0m | $6.87bn | $68.77bn | 100.4164 | 100.8988 | 1.063% | +0.480% | +0.00510% |
| 91282CMV0 | 3.875% | Mar 31, 2027 | $71.04bn | $259.0m | $2.04bn | $68.74bn | 99.7919 | 100.1951 | 1.056% | +0.404% | +0.00426% |
| 91282CMP3 | 4.125% | Feb 28, 2027 | $75.95bn | $1.01bn | $6.95bn | $67.99bn | 100.2907 | 100.6866 | 1.049% | +0.395% | +0.00414% |
| 91282CPB1 | 3.500% | Sep 30, 2027 | $72.81bn | $102.0m | $3.81bn | $68.90bn | 98.9471 | 99.5048 | 1.049% | +0.564% | +0.00591% |
| 912797WQ6 | 0.000% | Jan 19, 2027 | $78.12bn | – | $9.17bn | $68.95bn | 98.7533 | 99.1333 | 1.048% | +0.385% | +0.00403% |
| 912797WP8 | 0.000% | Jan 12, 2027 | $77.65bn | – | $9.54bn | $68.11bn | 98.8441 | 99.2131 | 1.036% | +0.373% | +0.00387% |
| 91282CNP2 | 3.875% | Jul 31, 2027 | $73.70bn | $1.83bn | $4.70bn | $67.17bn | 100.0904 | 100.6148 | 1.035% | +0.524% | +0.00542% |
| 91282CNV9 | 3.625% | Aug 31, 2027 | $77.33bn | $3.10bn | $8.33bn | $65.90bn | 99.4667 | 100.0059 | 1.009% | +0.542% | +0.00547% |
| 912797WF0 | 0.000% | Dec 15, 2026 | $77.35bn | – | $11.88bn | $65.47bn | 99.1771 | 99.5306 | 0.999% | +0.356% | +0.00356% |
| 912797VZ7 | 0.000% | Dec 1, 2026 | $75.93bn | – | $10.93bn | $65.01bn | 99.3222 | 99.6858 | 0.994% | +0.366% | +0.00364% |
| 912797WE3 | 0.000% | Dec 8, 2026 | $75.35bn | – | $10.51bn | $64.84bn | 99.2482 | 99.6100 | 0.990% | +0.365% | +0.00361% |
| 91282CNE7 | 3.875% | May 31, 2027 | $78.45bn | $6.14bn | $9.45bn | $62.86bn | 100.9273 | 101.3911 | 0.976% | +0.460% | +0.00449% |
| 91282CMH1 | 4.125% | Jan 31, 2027 | $72.83bn | $7.38bn | $3.83bn | $61.62bn | 100.6325 | 101.0537 | 0.954% | +0.419% | +0.00399% |
| 91282CLY5 | 4.250% | Nov 30, 2026 | $73.69bn | $9.12bn | $4.69bn | $59.88bn | 101.4283 | 101.7999 | 0.935% | +0.366% | +0.00342% |
| 91282CKJ9 | 4.500% | Apr 15, 2027 | $58.96bn | $1.0m | $956.5m | $58.00bn | 102.1716 | 100.3163 | 0.912% | +0.386% | +0.00352% |
| 91282CKV2 | 4.625% | Jun 15, 2027 | $59.88bn | $1.38bn | $1.88bn | $56.63bn | 101.4898 | 101.9566 | 0.884% | +0.460% | +0.00407% |
| 91282CLL3 | 3.375% | Sep 15, 2027 | $58.55bn | $11.0m | $554.2m | $57.99bn | 98.9929 | 99.5725 | 0.883% | +0.585% | +0.00517% |
| 91282CDK4 | 1.250% | Nov 30, 2026 | $63.86bn | $2.10bn | $4.96bn | $56.80bn | 99.9513 | 100.3106 | 0.874% | +0.359% | +0.00314% |
| 91282CDQ1 | 1.250% | Dec 31, 2026 | $64.74bn | $1.25bn | $7.74bn | $55.76bn | 99.5971 | 99.9558 | 0.855% | +0.360% | +0.00308% |
| 91282CKE0 | 4.250% | Mar 15, 2027 | $56.00bn | $798.0m | – | $55.20bn | 100.1878 | 100.5948 | 0.851% | +0.406% | +0.00346% |
| 91282CLG4 | 3.750% | Aug 15, 2027 | $69.03bn | $5.31bn | $11.03bn | $52.69bn | 99.7914 | 100.3050 | 0.809% | +0.515% | +0.00416% |
| 91282CKZ3 | 4.375% | Jul 15, 2027 | $67.42bn | $6.63bn | $9.42bn | $51.37bn | 100.8336 | 101.3390 | 0.797% | +0.501% | +0.00400% |
| 91282CJT9 | 4.000% | Jan 15, 2027 | $52.00bn | $878.0m | – | $51.12bn | 100.7853 | 101.1644 | 0.793% | +0.376% | +0.00298% |
| 91282CKR1 | 4.500% | May 15, 2027 | $65.29bn | $7.89bn | $7.29bn | $50.11bn | 101.7310 | 102.1848 | 0.785% | +0.446% | +0.00350% |
| 912828X88 | 2.375% | May 15, 2027 | $71.06bn | $4.19bn | $15.75bn | $51.12bn | 99.6471 | 100.0724 | 0.784% | +0.427% | +0.00335% |
| 91282CJP7 | 4.375% | Dec 15, 2026 | $50.00bn | – | – | $50.00bn | 101.3222 | 101.7047 | 0.780% | +0.378% | +0.00294% |
| 91282CEF4 | 2.500% | Mar 31, 2027 | $60.49bn | $450.0m | $9.49bn | $50.55bn | 99.1319 | 99.5391 | 0.771% | +0.411% | +0.00317% |
| 912797VR5 | 0.000% | Aug 5, 2027 | $56.12bn | – | $4.12bn | $52.00bn | 96.3468 | 96.8490 | 0.771% | +0.521% | +0.00402% |
| 912797VQ7 | 0.000% | Jul 8, 2027 | $54.76bn | – | $3.25bn | $51.52bn | 96.7178 | 97.1687 | 0.767% | +0.466% | +0.00357% |
| 912797WA1 | 0.000% | Sep 2, 2027 | $55.14bn | – | $3.28bn | $51.85bn | 96.0333 | 96.5378 | 0.766% | +0.525% | +0.00402% |
| 91282CEN7 | 2.750% | Apr 30, 2027 | $55.79bn | $1.18bn | $6.79bn | $47.82bn | 100.2133 | 99.2652 | 0.737% | +0.426% | +0.00314% |
| 91282CKA8 | 4.125% | Feb 15, 2027 | $57.99bn | $6.70bn | $3.99bn | $47.30bn | 100.4643 | 100.8543 | 0.731% | +0.388% | +0.00284% |
| 912797UX3 | 0.000% | May 13, 2027 | $53.14bn | – | $4.63bn | $48.51bn | 97.4302 | 97.8240 | 0.727% | +0.404% | +0.00294% |
| 91282CJK8 | 4.625% | Nov 15, 2026 | $48.91bn | $1.67bn | $913.4m | $46.33bn | 101.7782 | 102.1491 | 0.726% | +0.364% | +0.00264% |
| 912797VF1 | 0.000% | Jun 10, 2027 | $53.22bn | – | $4.81bn | $48.40bn | 97.0810 | 97.5067 | 0.723% | +0.438% | +0.00317% |
| 912828U24 | 2.000% | Nov 15, 2026 | $69.14bn | $4.86bn | $17.85bn | $46.44bn | 100.4742 | 100.8356 | 0.718% | +0.360% | +0.00258% |
| 91282CEW7 | 3.250% | Jun 30, 2027 | $50.59bn | $445.0m | $3.59bn | $46.56bn | 99.9151 | 100.3852 | 0.716% | +0.471% | +0.00337% |
| 91282CEC1 | 1.875% | Feb 28, 2027 | $62.08bn | $6.47bn | $9.05bn | $46.55bn | 99.1918 | 99.5763 | 0.711% | +0.388% | +0.00275% |
| 91282CAL5 | 0.375% | Sep 30, 2027 | $56.85bn | $228.0m | $8.93bn | $47.68bn | 95.9073 | 96.4715 | 0.704% | +0.588% | +0.00414% |
| 91282CET4 | 2.625% | May 31, 2027 | $55.22bn | $2.98bn | $7.22bn | $45.02bn | 99.6947 | 100.1742 | 0.691% | +0.481% | +0.00332% |
| 91282CFM8 | 4.125% | Sep 30, 2027 | $44.00bn | – | – | $44.00bn | 99.5426 | 100.1240 | 0.674% | +0.584% | +0.00394% |
| 91282CFB2 | 2.750% | Jul 31, 2027 | $49.99bn | $2.53bn | $3.99bn | $43.47bn | 98.9946 | 99.5149 | 0.662% | +0.526% | +0.00348% |
| 912797UE5 | 0.000% | Apr 15, 2027 | $51.97bn | – | $8.04bn | $43.94bn | 97.7242 | 98.1277 | 0.661% | +0.413% | +0.00273% |
| 91282CFH9 | 3.125% | Aug 31, 2027 | $50.86bn | $2.83bn | $5.86bn | $42.17bn | 98.9551 | 99.5126 | 0.642% | +0.563% | +0.00362% |
| 912828V98 | 2.250% | Feb 15, 2027 | $65.82bn | $4.82bn | $19.95bn | $41.05bn | 99.5374 | 99.9518 | 0.629% | +0.416% | +0.00262% |
| 9128282R0 | 2.250% | Aug 15, 2027 | $69.92bn | $2.50bn | $26.32bn | $41.10bn | 98.3186 | 98.8580 | 0.622% | +0.549% | +0.00341% |
| 91282CAD3 | 0.375% | Jul 31, 2027 | $49.00bn | $2.52bn | $5.44bn | $41.04bn | 96.6882 | 97.1895 | 0.611% | +0.519% | +0.00317% |
| 912828ZV5 | 0.500% | Jun 30, 2027 | $46.61bn | $656.0m | $9.50bn | $36.45bn | 97.2514 | 97.7011 | 0.546% | +0.462% | +0.00252% |
| 91282CAH4 | 0.500% | Aug 31, 2027 | $51.08bn | $828.0m | $13.65bn | $36.61bn | 96.4178 | 96.9620 | 0.543% | +0.564% | +0.00307% |
| 912828ZN3 | 0.500% | Apr 30, 2027 | $38.04bn | $851.0m | $5.96bn | $31.23bn | 98.0217 | 98.1903 | 0.471% | +0.427% | +0.00201% |
| 912828ZS2 | 0.500% | May 31, 2027 | $41.99bn | $2.80bn | $10.72bn | $28.47bn | 97.5743 | 98.0555 | 0.428% | +0.493% | +0.00211% |
| 912828YX2 | 1.750% | Dec 31, 2026 | $35.01bn | – | $11.97bn | $23.04bn | 99.8485 | 100.2194 | 0.354% | +0.371% | +0.00132% |
| 912828ZE3 | 0.625% | Mar 31, 2027 | $36.30bn | $425.0m | $13.70bn | $22.18bn | 98.2205 | 98.6192 | 0.335% | +0.406% | +0.00136% |
| 912828YU8 | 1.625% | Nov 30, 2026 | $34.54bn | $1.91bn | $12.82bn | $19.82bn | 100.1399 | 100.5007 | 0.305% | +0.360% | +0.00110% |
| 912828ZB9 | 1.125% | Feb 28, 2027 | $36.84bn | $99.0m | $23.16bn | $13.58bn | 98.8151 | 99.2270 | 0.206% | +0.417% | +0.00086% |
| 912810EY0 | 6.500% | Nov 15, 2026 | $11.47bn | $633.0m | $6.59bn | $4.24bn | 102.6114 | 102.8954 | 0.067% | +0.277% | +0.00019% |
| 912810FA1 | 6.375% | Aug 15, 2027 | $10.73bn | $1.54bn | $5.56bn | $3.63bn | 102.1579 | 102.7748 | 0.057% | +0.604% | +0.00034% |
| 912810EZ7 | 6.625% | Feb 15, 2027 | $10.45bn | $934.0m | $6.67bn | $2.85bn | 101.5336 | 102.0160 | 0.045% | +0.475% | +0.00021% |
| Total | $6.55tn | 100.000% | +0.40118% | ||||||||
Prices are dirty, Treasury's END OF DAY column plus accrued. The index is still valued on the bid side: Treasury labels none of its three columns a bid, an ask or a mid, but measured against 1.6 million matched dealer quotes END OF DAY sits within half a cent of the bid, closer than SELL does. A security's return includes coupons received during the month, which are held as cash to the next reconstitution rather than reinvested intra-month. A dash in a deduction column means that security has none.