Australian (16)
International (23)
Global
Regional / Country
Sector
Currency Hedged
Cash & Fixed Income (7)
Diversified (4)
Hybrids (1)
Equity Income (6)
Technology (5)
Ethical (3)
Geared (6)
Short (3)
Property (2)
Commodity (5)
Currency (5)
Managed Risk (3)
Active (8)BetaShares Global Government Bond 20+ Year ETF – Currency Hedged
Diversify to defend your portfolio via exposure to high-quality global government bonds.
OVERVIEW
Fund Objective
GGOV aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of high-quality, long-dated, income-producing bonds issued by some of the largest developed economies in the world, hedged into AUD.
Fund Strategy
GGOV’s strategy is to invest in a portfolio of long-maturity bonds issued by governments of the G7 nations (USA, Japan, Germany, United Kingdom, Italy, France and Canada). To be eligible, bonds must be issued in the country’s local currency in the respective domestic market, and have a remaining term to maturity of more than 20 years. Securities are weighted in the Fund’s index according to their market value, with a cap of 25% on any one country’s dollar duration contribution to GGOV’s index. Exposure is hedged into AUD.
Benefits of GGOV
High credit quality
Bonds issued by the national governments of G7 developed market economies are of very high credit quality.
Diversification and defence
Government bonds historically have tended to rise in periods of equity market weakness.
Attractive income, paid quarterly
GGOV’s focus on longer duration bonds means income potential is higher than for comparable bond funds that do not have this focus.
How to Invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.
KEY FACTS
Pricing Information 13 July 2020
| Current Price | |
|---|---|
| Last Trade* | - |
| % Change (prev day) | - |
| Bid (delayed) | - |
| Offer (delayed) | - |
*Data is delayed by at least 20 minutes.
Download NAV history
| NAV | |
|---|---|
| NAV/Unit * | $24.63 |
* As at 9 July 2020
Profile
| Net Assets* ($A) | $1,971,518 |
| Units Outstanding* (#) | 80,037 |
| Mgmt Costs** (% p.a.) | 0.22% |
| Distribution Frequency | Quarterly |
| Distribution Reinvestment Plan (DRP) | Full or partial participation available |
| Investment Manager | BetaShares Capital Ltd |
| Fund Administrator | RBC Investor Services |
| Custodian | RBC Investor Services |
| Registry | Link Market Services |
| Auditor | KPMG |
* As at 9 July 2020
* As of close of previous day
**Certain additional costs apply. Please refer to PDS.
**Certain additional costs apply. Please refer to PDS.
Trading Information
| ASX Code | GGOV |
| Bloomberg Code | GGOV AU |
| IRESS Code | GGOV.AXW |
| Trading Hours | 10:00-16:00 (AEST) |
| Market Makers | Susquehanna |
| SMSF Eligible | Yes |
Index Information
| Index | S&P G7 Sovereign Duration-Capped 20+ Year AUD Hedged Bond Index |
| Index Provider | S&P Dow Jones Indices LLC |
| Index Ticker | N/A |
| Bloomberg Index Ticker | SPG7SDC Index |
Portfolio Characteristics
|
Running Yield (% p.a.)
Average coupon (weighted by market value) of the
bonds
in the portfolio, divided by the current market price of the bonds.
Provides
an indication of expected current income from making an investment at
market
price. This value will vary over time as interest rates change.
|
1.78 % p.a. |
|
Yield to Maturity (% p.a.)
Total expected return from the bond portfolio, based on current bond prices and assuming no change in prevailing interest rates. This value will vary over time. Reflects annualised costs and benefits associated with FX-hedging, where relevant.
|
0.88 % p.a. |
|
Average Maturity (yrs)
Average (weighted by market value) length of time
until the current
bonds in the portfolio mature.
|
27.23 yrs |
|
Modified Duration (yrs)
A measure of the sensitivity of the portfolio’s
value
to a change in
interest rates. For example, a Modified Duration of 0.15 years implies
that
a 1% rise in the
reference interest rate will reduce the value of the portfolio by 0.15%.
|
21.02 yrs |
|
Average Credit Rating
Average credit rating for the bonds in the
portfolio. Source:
Bloomberg
| AA |
As at 10 July 2020
Portfolio Holdings
| Name | Weight (%) |
|---|---|
| AUD - AUSTRALIA DOLLAR | 24.7 |
| UK TSY 3 1/4% 2044 3.250 22 JAN 44 | 5.1 |
| JAPAN (30 YEAR ISSUE) 1.900 20 SEP 42 | 4.1 |
| UK TSY 4% 2060 4.000 22 JAN 60 | 4.0 |
| FRANCE (GOVT OF) EURO 4.500 25 APR 41 | 3.9 |
| US TREASURY N/B 3.750 15 NOV 43 | 3.7 |
| FRANCE (GOVT OF) EURO 4.000 25 APR 60 | 3.6 |
| UK TSY 3 3/4% 2052 3.750 22 JUL 52 | 3.5 |
| US TREASURY N/B 2.000 15 FEB 50 | 3.5 |
| BUNDESREPUB. DEUTSCHLAND EURO 2.500 15 AUG 46 | 3.3 |
| Ticker | Name | Weight (%) | Asset Class | Sector | Country | Currency | Shares/Unit (#) | Market Value (AUD) | Notional Value (AUD) | Maturity Date | Coupon (%) | YTM (%) | Modified Duration |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AUD | AUD - AUSTRALIA DOLLAR | 24.7 | Cash | AUD | 493,203 | $493,203 | $493,203 | ||||||
| UKT 3.25 01/22/44 Govt | UK TSY 3 1/4% 2044 3.250 22 JAN 44 | 5.1 | Government Bond | GBP | 36,000 | $102,384 | $102,384 | 1944-01-22 | 3.25 | 0.6400 | 17.9600 | ||
| JGB 1.9 09/20/42 Govt | JAPAN (30 YEAR ISSUE) 1.900 20 SEP 42 | 4.1 | Government Bond | JPY | 4,700,000 | $82,501 | $82,501 | 1942-09-20 | 1.9 | 0.3800 | 20.3500 | ||
| UKT 4 01/22/60 Govt | UK TSY 4% 2060 4.000 22 JAN 60 | 4.0 | Government Bond | GBP | 20,000 | $80,507 | $80,507 | 1960-01-22 | 4.0 | 0.5500 | 26.3200 | ||
| FRTR 4.5 04/25/41 Govt | FRANCE (GOVT OF) EURO 4.500 25 APR 41 | 3.9 | Government Bond | EUR | 26,000 | $78,082 | $78,082 | 1941-04-25 | 4.5 | 0.2800 | 15.7600 | ||
| T 3.75 11/15/43 Govt | US TREASURY N/B 3.750 15 NOV 43 | 3.7 | Government Bond | USD | 34,000 | $73,957 | $73,957 | 1943-11-15 | 3.75 | 1.2200 | 17.1600 | ||
| FRTR 4 04/25/60 Govt | FRANCE (GOVT OF) EURO 4.000 25 APR 60 | 3.6 | Government Bond | EUR | 20,000 | $71,397 | $71,397 | 1960-04-25 | 4.0 | 0.6000 | 26.5700 | ||
| UKT 3.75 07/22/52 Govt | UK TSY 3 3/4% 2052 3.750 22 JUL 52 | 3.5 | Government Bond | GBP | 20,000 | $69,377 | $69,377 | 1952-07-22 | 3.75 | 0.6000 | 22.4800 | ||
| T 2 02/15/50 Govt | US TREASURY N/B 2.000 15 FEB 50 | 3.5 | Government Bond | USD | 41,000 | $68,995 | $68,995 | 1950-02-15 | 2.0 | 1.3000 | 22.8000 | ||
| DBR 2.5 08/15/46 Govt | BUNDESREPUB. DEUTSCHLAND EURO 2.500 15 AUG 46 | 3.3 | Government Bond | EUR | 24,000 | $65,614 | $65,614 | 1946-08-15 | 2.5 | -0.0900 | 20.9300 | ||
| UKT 4.25 12/07/49 Govt | UK TSY 4 1/4% 2049 4.250 07 DEC 49 | 3.2 | Government Bond | GBP | 18,000 | $64,243 | $64,243 | 1949-12-07 | 4.25 | 0.6300 | 20.6800 | ||
| T 3 02/15/49 Govt | US TREASURY N/B 3.000 15 FEB 49 | 3.0 | Government Bond | USD | 30,000 | $60,731 | $60,731 | 1949-02-15 | 3.0 | 1.2900 | 20.7000 | ||
| T 3 02/15/48 Govt | US TREASURY N/B 3.000 15 FEB 48 | 3.0 | Government Bond | USD | 30,000 | $60,226 | $60,226 | 1948-02-15 | 3.0 | 1.2900 | 20.1400 | ||
| T 3 02/15/47 Govt | US TREASURY N/B 3.000 15 FEB 47 | 3.0 | Government Bond | USD | 30,000 | $59,849 | $59,849 | 1947-02-15 | 3.0 | 1.2700 | 19.5900 | ||
| T 3 11/15/44 Govt | US TREASURY N/B 3.000 15 NOV 44 | 2.9 | Government Bond | USD | 30,000 | $58,779 | $58,779 | 1944-11-15 | 3.0 | 1.2600 | 18.3900 | ||
| T 2.5 02/15/46 Govt | US TREASURY N/B 2.500 15 FEB 46 | 2.7 | Government Bond | USD | 30,000 | $54,463 | $54,463 | 1946-02-15 | 2.5 | 1.2900 | 19.6100 | ||
| JGB 1.7 03/20/54 Govt | JAPAN (40 YEAR ISSUE) 1.700 20 MAR 54 | 2.7 | Government Bond | JPY | 3,000,000 | $54,231 | $54,231 | 1954-03-20 | 1.7 | 0.4900 | 28.7900 | ||
| JGB 0.6 12/20/46 Govt | JAPAN (30 YEAR ISSUE) 0.600 20 DEC 46 | 2.6 | Government Bond | JPY | 3,800,000 | $51,963 | $51,963 | 1946-12-20 | 0.6 | 0.5100 | 23.2800 | ||
| JGB 0.4 12/20/49 Govt | JAPAN (30 YEAR ISSUE) 0.400 20 DEC 49 | 2.6 | Government Bond | JPY | 4,000,000 | $51,432 | $51,432 | 1949-12-20 | 0.4 | 0.5600 | 25.2700 | ||
| BTPS 4.75 09/01/44 Govt | BUONI POLIENNALI DEL TES EURO 4.750 01 SEP 44 | 2.4 | Government Bond | EUR | 20,000 | $48,896 | $48,896 | 1944-09-01 | 4.75 | 2.0800 | 15.9800 | ||
| JGB 1.7 06/20/44 Govt | JAPAN (30 YEAR ISSUE) 1.700 20 JUN 44 | 2.4 | Government Bond | JPY | 2,800,000 | $47,975 | $47,975 | 1944-06-20 | 1.7 | 0.4200 | 21.7400 | ||
| DBR 2.5 07/04/44 Govt | BUNDESREPUB. DEUTSCHLAND EURO 2.500 04 JUL 44 | 2.3 | Government Bond | EUR | 17,000 | $45,284 | $45,284 | 1944-07-04 | 2.5 | -0.1400 | 19.7500 | ||
| BTPS 2.7 03/01/47 Govt | BUONI POLIENNALI DEL TES EURO 2.700 01 MAR 47 | 2.1 | Government Bond | EUR | 23,000 | $41,817 | $41,817 | 1947-03-01 | 2.7 | 2.1100 | 19.0700 | ||
| T 3 05/15/42 Govt | US TREASURY N/B 3.000 15 MAY 42 | 1.9 | Government Bond | USD | 20,000 | $38,926 | $38,926 | 1942-05-15 | 3.0 | 1.1600 | 16.9400 | ||
| JGB 2.2 03/20/49 Govt | JAPAN (40 YEAR ISSUE) 2.200 20 MAR 49 | 1.9 | Government Bond | Japan | JPY | 2,000,000 | $38,597 | $38,597 | 1949-03-20 | 2.2 | 0.4600 | 25.2100 | |
| BTPS 2.45 09/01/50 Govt | BUONI POLIENNALI DEL TES EURO 2.450 01 SEP 50 | 1.9 | Government Bond | EUR | 22,000 | $37,869 | $37,869 | 1950-09-01 | 2.45 | 2.1800 | 21.1300 | ||
| JGB 0.7 06/20/48 Govt | JAPAN (30 YEAR ISSUE) 0.700 20 JUN 48 | 1.9 | Government Bond | JPY | 2,700,000 | $37,703 | $37,703 | 1948-06-20 | 0.7 | 0.5300 | 24.3400 | ||
| UKT 1.625 10/22/54 Govt | UK TSY 1 5/8% 2054 1.625 22 OCT 54 | 1.8 | Government Bond | GBP | 15,500 | $36,903 | $36,903 | 1954-10-22 | 1.625 | 0.6100 | 27.4400 | ||
| FRTR 2 05/25/48 Govt | FRANCE (GOVT OF) EURO 2.000 25 MAY 48 | 1.8 | Government Bond | EUR | 16,000 | $36,332 | $36,332 | 1948-05-25 | 2.0 | 0.4700 | 22.6000 | ||
| UKT 1.625 10/22/71 Govt | UK TSY 1 5/8% 2071 1.625 22 OCT 71 | 1.8 | Government Bond | GBP | 13,000 | $35,895 | $35,895 | 1971-10-22 | 1.625 | 0.4700 | 38.2800 | ||
| FRTR 0.75 05/25/52 Govt | FRANCE (GOVT OF) EURO 0.750 25 MAY 52 | 1.7 | Government Bond | EUR | 20,000 | $34,176 | $34,176 | 1952-05-25 | 0.75 | 0.5700 | 28.3800 | ||
| JGB 0.5 03/20/59 Govt | JAPAN (40 YEAR ISSUE) 0.500 20 MAR 59 | 1.6 | Government Bond | JPY | 2,500,000 | $32,622 | $32,622 | 1959-03-20 | 0.5 | 0.5800 | 31.5200 | ||
| T 1.25 05/15/50 Govt | US TREASURY N/B 1.250 15 MAY 50 | 1.6 | Government Bond | United States | USD | 23,000 | $32,520 | $32,520 | 1950-05-15 | 1.25 | 1.3100 | 24.7400 | |
| DBR 3.25 07/04/42 Govt | BUNDESREPUB. DEUTSCHLAND EURO 3.250 04 JUL 42 | 1.4 | Government Bond | EUR | 10,000 | $28,689 | $28,689 | 1942-07-04 | 3.25 | -0.1800 | 17.7000 | ||
| USD | USD - UNITED STATES DOLLAR | 1.2 | Cash | USD | 16,062 | $23,070 | $23,070 | ||||||
| CAN 2 12/01/51 Govt | CANADIAN GOVERNMENT 2.000 01 DEC 51 | 1.1 | Government Bond | CAD | 17,000 | $22,412 | $22,412 | 1951-12-01 | 2.0 | 1.0700 | 24.2500 | ||
| T 4.75 02/15/41 Govt | US TREASURY N/B 4.750 15 FEB 41 | 1.1 | Government Bond | USD | 9,000 | $21,752 | $21,752 | 1941-02-15 | 4.75 | 1.0600 | 14.9100 | ||
| UKT 2.5 07/22/65 Govt | UK TSY 2 1/2% 2065 2.500 22 JUL 65 | 1.0 | Government Bond | Britain | GBP | 6,000 | $19,330 | $19,330 | 1965-07-22 | 2.5 | 0.5500 | 31.7400 | |
| CAN 3.5 12/01/45 Govt | CANADIAN GOVERNMENT 3.500 01 DEC 45 | 0.9 | Government Bond | CAD | 11,000 | $17,957 | $17,957 | 1945-12-01 | 3.5 | 1.0500 | 18.6800 | ||
| JGB 1.4 09/20/45 Govt | JAPAN (30 YEAR ISSUE) 1.400 20 SEP 45 | 0.8 | Government Bond | JPY | 1,000,000 | $16,287 | $16,287 | 1945-09-20 | 1.4 | 0.4500 | 22.5600 | ||
| JGB 0.5 03/20/60 Govt | JAPAN (40 YEAR ISSUE) 0.500 20 MAR 60 | 0.7 | Government Bond | Japan | JPY | 1,000,000 | $13,046 | $13,046 | 1960-03-20 | 0.5 | 0.5800 | 32.1900 | |
| T 2.375 11/15/49 Govt | US TREASURY N/B 2.375 15 NOV 49 | 0.5 | Government Bond | United States | USD | 5,000 | $9,067 | $9,067 | 1949-11-15 | 2.375 | 1.3000 | 22.1000 | |
| JGB 1.8 09/20/43 Govt | JAPAN (30 YEAR ISSUE) 1.800 20 SEP 43 | 0.4 | Government Bond | JPY | 500,000 | $8,681 | $8,681 | 1943-09-20 | 1.8 | 0.4000 | 21.1100 | ||
| FRTR 1.5 05/25/50 Govt | FRANCE (GOVT OF) EURO 1.500 25 MAY 50 | 0.4 | Euro Bond | EUR | 4,000 | $8,247 | $8,247 | 1950-05-25 | 1.5 | 0.5200 | 24.8700 | ||
| EUR | EUR - EURO | 0.4 | Cash | EUR | 4,806 | $7,794 | $7,794 | ||||||
| GBP | GBP - BRITISH POUND | 0.0 | Cash | GBP | 370 | $670 | $670 | ||||||
| CAD | CAD - CANADA DOLLAR | 0.0 | Cash | CAD | 350 | $370 | $370 | ||||||
| AUD | AUD - AUSTRALIA DOLLAR | FX Forwards | AUD | 1,504,548 | |||||||||
| CAD | CAD - CANADA DOLLAR | FX Forwards | CAD | -38,116 | |||||||||
| EUR | EUR - EURO | FX Forwards | EUR | -310,023 | |||||||||
| GBP | GBP - BRITISH POUND | FX Forwards | GBP | -232,683 | |||||||||
| USD | USD - UNITED STATES DOLLAR | FX Forwards | USD | -374,336 | |||||||||
| JPY | JPY - JAPANESE YEN | -22.3 | Cash | JPY | -33,211,875 | -$445,032 | -$445,032 |
Download CSV
* As at 9 July 2020
PERFORMANCE
Fund Returns After Fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -0.07% | 0.04% |
| 3 months | - | 1.55% |
| 6 months | - | 11.59% |
| 1 year | - | 14.79% |
| 3 year p.a | - | 10.81% |
| 5 year p.a | - | 10.37% |
| Since inception (p.a) | -0.30% | -0.22% |
| Inception date | 7-May-20 | - |
* As at 30 June 2020
Chart
Chart Type
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
DISTRIBUTIONS
Yield Information
| Distribution Frequency | Quarterly |
| 12 Mth Distribution Yield* (%) | - |
| 12 Mth Gross Distribution Yield* (%) | - |
| Franking Level | - |
Recent Distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-20 | 2-Jul-20 | 16-Jul-20 | $0.52878 | - |
View more
