Global Government Bond 20+ Year ETF - Currency Hedged | BetaShares
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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 19 September 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 * $24.58
* As at 17 September 2020

Profile

Net Assets* ($A) $1,967,234
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 17 September 2020
* As of close of previous day
**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
Index Methodology

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.
1.92 % 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.
1.01 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
27.61 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%.
21.32 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AA
As at 18 September 2020

Portfolio Holdings

Name Weight (%)
UNITED KINGDOM GILT 3.25% JAN-44 5.0
JAPAN GOVERNMENT THIRTY YEAR BOND 1.9% SEP-42 4.1
FRENCH REPUBLIC GOVERNMENT BOND OAT 4.5% APR-41 4.0
UNITED KINGDOM GILT 4.0% JAN-60 3.9
FRENCH REPUBLIC GOVERNMENT BOND OAT 4.0% APR-60 3.7
UNITED STATES TREASURY NOTE/BOND 3.75% NOV-43 3.5
UNITED KINGDOM GILT 3.75% JUL-52 3.4
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 2.5% AUG-46 3.3
UNITED STATES TREASURY NOTE/BOND 2.0% FEB-50 3.2
UNITED KINGDOM GILT 4.25% DEC-49 3.1
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
UKT 3.25 01/22/44 Govt UNITED KINGDOM GILT 3.25% JAN-44 5.0 Government Bond GBP 36,000 $98,342 $98,342 2044-01-22 3.25 0.7227 17.9005
JGB 1.9 09/20/42 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 1.9% SEP-42 4.1 Government Bond JPY 4,700,000 $80,515 $80,515 2042-09-20 1.9 0.3895 20.2511
FRTR 4.5 04/25/41 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 4.5% APR-41 4.0 Government Bond EUR 26,000 $79,055 $79,055 2041-04-25 4.5 0.1800 15.6249
UKT 4 01/22/60 Govt UNITED KINGDOM GILT 4.0% JAN-60 3.9 Government Bond GBP 20,000 $75,951 $75,951 2060-01-22 4.0 0.6814 26.1171
FRTR 4 04/25/60 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 4.0% APR-60 3.7 Government Bond EUR 20,000 $72,789 $72,789 2060-04-25 4.0 0.5217 26.5369
T 3.75 11/15/43 Govt UNITED STATES TREASURY NOTE/BOND 3.75% NOV-43 3.5 Government Bond USD 34,000 $69,364 $69,364 2043-11-15 3.75 1.3082 16.9065
UKT 3.75 07/22/52 Govt UNITED KINGDOM GILT 3.75% JUL-52 3.4 Government Bond GBP 20,000 $65,987 $65,987 2052-07-22 3.75 0.7163 22.3681
DBR 2.5 08/15/46 Govt BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 2.5% AUG-46 3.3 Government Bond EUR 24,000 $65,642 $65,642 2046-08-15 2.5 -0.1052 21.0560
T 2 02/15/50 Govt UNITED STATES TREASURY NOTE/BOND 2.0% FEB-50 3.2 Government Bond USD 41,000 $63,772 $63,772 2050-02-15 2.0 1.4415 22.6688
UKT 4.25 12/07/49 Govt UNITED KINGDOM GILT 4.25% DEC-49 3.1 Government Bond GBP 18,000 $61,375 $61,375 2049-12-07 4.25 0.7300 20.3798
T 3 02/15/49 Govt UNITED STATES TREASURY NOTE/BOND 3.0% FEB-49 2.9 Government Bond USD 30,000 $56,380 $56,380 2049-02-15 3.0 1.4155 20.6000
T 3 02/15/48 Govt UNITED STATES TREASURY NOTE/BOND 3.0% FEB-48 2.8 Government Bond USD 30,000 $56,052 $56,052 2048-02-15 3.0 1.4066 20.0571
T 3 02/15/47 Govt UNITED STATES TREASURY NOTE/BOND 3.0% FEB-47 2.8 Government Bond USD 30,000 $55,782 $55,782 2047-02-15 3.0 1.3899 19.5106
T 3 11/15/44 Govt UNITED STATES TREASURY NOTE/BOND 3.0% NOV-44 2.8 Government Bond USD 30,000 $55,074 $55,074 2044-11-15 3.0 1.3564 18.1355
JGB 1.7 03/20/54 Govt JAPAN GOVERNMENT FORTY YEAR BOND 1.7% MAR-54 2.7 Government Bond JPY 3,000,000 $52,542 $52,542 2054-03-20 1.7 0.5235 28.4870
BTPS 4.75 09/01/44 Govt ITALY BUONI POLIENNALI DEL TESORO 4.75% SEP-44 2.6 Government Bond EUR 20,000 $51,625 $51,625 2044-09-01 4.75 1.7389 16.3108
T 2.5 02/15/46 Govt UNITED STATES TREASURY NOTE/BOND 2.5% FEB-46 2.6 Government Bond USD 30,000 $50,907 $50,907 2046-02-15 2.5 1.3925 19.5324
JGB 0.6 12/20/46 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 0.6% DEC-46 2.6 Government Bond JPY 3,800,000 $50,832 $50,832 2046-12-20 0.6 0.5145 23.0820
JGB 0.4 12/20/49 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 0.4% DEC-49 2.5 Government Bond JPY 4,000,000 $50,052 $50,052 2049-12-20 0.4 0.5850 24.9403
JGB 1.7 06/20/44 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 1.7% JUN-44 2.4 Government Bond JPY 2,800,000 $46,902 $46,902 2044-06-20 1.7 0.4180 21.5190
BTPS 2.7 03/01/47 Govt ITALY BUONI POLIENNALI DEL TESORO 2.7% MAR-47 2.3 Government Bond EUR 23,000 $44,430 $44,430 2047-03-01 2.7 1.8042 19.3977
BTPS 2.45 09/01/50 Govt ITALY BUONI POLIENNALI DEL TESORO 2.45% SEP-50 2.1 Government Bond EUR 22,000 $40,417 $40,417 2050-09-01 2.45 1.8836 21.5450
JGB 2.2 03/20/49 Govt JAPAN GOVERNMENT FORTY YEAR BOND 2.2% MAR-49 1.9 Government Bond Japan JPY 2,000,000 $37,547 $37,547 2049-03-20 2.2 0.4795 25.0578
FRTR 2 05/25/48 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 2.0% MAY-48 1.9 Government Bond EUR 16,000 $37,080 $37,080 2048-05-25 2.0 0.3727 22.4928
JGB 0.7 06/20/48 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 0.7% JUN-48 1.9 Government Bond JPY 2,700,000 $36,824 $36,824 2048-06-20 0.7 0.5355 24.1074
T 3 05/15/42 Govt UNITED STATES TREASURY NOTE/BOND 3.0% MAY-42 1.9 Government Bond USD 20,000 $36,515 $36,515 2042-05-15 3.0 1.2549 16.6947
FRTR 0.75 05/25/52 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 0.75% MAY-52 1.8 Government Bond EUR 20,000 $35,138 $35,138 2052-05-25 0.75 0.4710 28.2734
UKT 1.625 10/22/54 Govt UNITED KINGDOM GILT 1.625% OCT-54 1.8 Government Bond GBP 15,500 $34,884 $34,884 2054-10-22 1.625 0.7283 27.0971
UKT 1.625 10/22/71 Govt UNITED KINGDOM GILT 1.625% OCT-71 1.7 Government Bond GBP 13,000 $33,476 $33,476 1971-10-22 1.625 0.5946 37.7204
JGB 0.5 03/20/59 Govt JAPAN GOVERNMENT FORTY YEAR BOND 0.5% MAR-59 1.6 Government Bond JPY 2,500,000 $31,643 $31,643 2059-03-20 0.5 0.6125 31.1423
T 1.25 05/15/50 Govt UNITED STATES TREASURY NOTE/BOND 1.25% MAY-50 1.5 Government Bond United States USD 23,000 $29,982 $29,982 2050-05-15 1.25 1.4586 24.4203
DBR 2.5 07/04/44 Govt BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 2.5% JUL-44 1.5 Government Bond EUR 11,000 $29,349 $29,349 2044-07-04 2.5 -0.1529 19.5726
DBR 3.25 07/04/42 Govt BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 3.25% JUL-42 1.5 Government Bond EUR 10,000 $28,731 $28,731 2042-07-04 3.25 -0.2013 17.5257
CAN 2 12/01/51 Govt CANADIAN GOVERNMENT BOND 2.0% DEC-51 1.1 Government Bond CAD 17,000 $21,846 $21,846 2051-12-01 2.0 1.1007 24.0250
T 4.75 02/15/41 Govt UNITED STATES TREASURY NOTE/BOND 4.75% FEB-41 1.0 Government Bond USD 9,000 $20,383 $20,383 2041-02-15 4.75 1.1625 14.8721
UKT 2.5 07/22/65 Govt UNITED KINGDOM GILT 2.5% JUL-65 0.9 Government Bond Britain GBP 6,000 $18,116 $18,116 2065-07-22 2.5 0.6767 31.4535
CAN 3.5 12/01/45 Govt CANADIAN GOVERNMENT BOND 3.5% DEC-45 0.9 Government Bond CAD 11,000 $17,632 $17,632 2045-12-01 3.5 1.0439 18.4998
JGB 1.4 09/20/45 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 1.4% SEP-45 0.8 Government Bond JPY 1,000,000 $15,919 $15,919 2045-09-20 1.4 0.4495 22.4628
FRTR 3.25 05/25/45 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 3.25% MAY-45 0.7 Euro Bond France EUR 5,000 $13,786 $13,786 2045-05-25 3.25 0.3080 19.0496
JGB 0.5 03/20/60 Govt JAPAN GOVERNMENT FORTY YEAR BOND 0.5% MAR-60 0.6 Government Bond Japan JPY 1,000,000 $12,648 $12,648 2060-03-20 0.5 0.6135 31.7838
JGB 2 09/20/41 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 2.0% SEP-41 0.6 Government Bond Japan JPY 700,000 $12,101 $12,101 2041-09-20 2.0 0.3690 19.4771
UKT 1.25 10/22/41 Govt UNITED KINGDOM GILT 1.25% OCT-41 0.6 Government Bond Britain GBP 6,000 $11,763 $11,763 2041-10-22 1.25 0.7056 18.5999
T 2.25 08/15/49 Govt UNITED STATES TREASURY NOTE/BOND 2.25% AUG-49 0.6 Government Bond United States USD 7,000 $11,446 $11,446 2049-08-15 2.25 1.4376 21.9355
UKT 4.5 12/07/42 Govt UNITED KINGDOM GILT 4.5% DEC-42 0.5 Government Bond Britain GBP 3,000 $9,485 $9,485 2042-12-07 4.5 0.6858 16.2601
T 1.375 08/15/50 Govt UNITED STATES TREASURY NOTE/BOND 1.375% AUG-50 0.5 Government Bond United States USD 7,000 $9,422 $9,422 2050-08-15 1.375 1.4545 24.3413
JGB 1.8 09/20/43 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 1.8% SEP-43 0.4 Government Bond JPY 500,000 $8,484 $8,484 2043-09-20 1.8 0.4050 21.0278
FRTR 1.5 05/25/50 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 1.5% MAY-50 0.4 Euro Bond France EUR 4,000 $8,447 $8,447 2050-05-25 1.5 0.4208 24.7720
T 2.375 11/15/49 Govt UNITED STATES TREASURY NOTE/BOND 2.375% NOV-49 0.4 Government Bond United States USD 5,000 $8,393 $8,393 2049-11-15 2.375 1.4349 21.7734
T 3.125 02/15/42 Govt UNITED STATES TREASURY NOTE/BOND 3.125% FEB-42 0.4 Government Bond United States USD 4,000 $7,441 $7,441 2042-02-15 3.125 1.2322 16.5362
JGB 0.8 09/20/47 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 0.8% SEP-47 0.4 Government Bond Japan JPY 500,000 $6,998 $6,998 2047-09-20 0.8 0.5175 23.6797
BTPS 3.25 09/01/46 Govt ITALY BUONI POLIENNALI DEL TESORO 3.25% SEP-46 0.3 Euro Bond Italy EUR 3,000 $6,344 $6,344 2046-09-01 3.25 1.7962 18.5062
T 3.75 08/15/41 Govt UNITED STATES TREASURY NOTE/BOND 3.75% AUG-41 0.3 Government Bond United States USD 3,000 $6,047 $6,047 2041-08-15 3.75 1.2079 15.7595
AUD AUD - AUSTRALIA DOLLAR FX Forwards AUD 1,912,635 $1,912,635
CAD CAD - CANADA DOLLAR FX Forwards CAD -38,270 -$39,761
EUR EUR - EURO FX Forwards EUR -306,310 -$497,418
GBP GBP - BRITISH POUND FX Forwards GBP -230,730 -$408,806
JPY JPY - JAPANESE YEN FX Forwards JPY -34,208,759 -$448,787
USD USD - UNITED STATES DOLLAR FX Forwards USD -387,025 -$530,971
Download CSV
* As at 18 September 2020. Excludes cash

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -3.62% -3.68%
3 months -1.36% -1.35%
6 months - -0.09%
1 year - 2.65%
3 year p.a - 9.30%
5 year p.a - 9.37%
Since inception (p.a) -1.58% -1.61%
Inception date 7-May-20 -
* As at 31 August 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 -
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ANNOUNCEMENTS

ASX Announcements: GGOV

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RESOURCES

Factsheet - GGOV
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Fund Flyer - GGOV
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Product Brochure - GGOV
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Portfolio Holdings
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Product Disclosure Statement - GGOV
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NRWT and Fund Payment Notice information - June 2020 distributions
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LEARN MORE ABOUT GGOV

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