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 26 November 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 * $24.36
* As at 24 November 2020

Profile

Net Assets* ($A) $1,949,939
Units Outstanding* (#) 80,048
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 24 November 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.
1.85 % 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.
0.95 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
27.54 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%.
21.22 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AA
As at 25 November 2020

Portfolio Holdings

Name Weight (%)
UNITED KINGDOM GILT 3.25% JAN-44 5.2
FRENCH REPUBLIC GOVERNMENT BOND OAT 4.0% APR-60 4.0
JAPAN GOVERNMENT THIRTY YEAR BOND 1.9% SEP-42 3.9
UNITED STATES TREASURY NOTE/BOND 3.75% NOV-43 3.6
BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 2.5% AUG-46 3.6
UNITED KINGDOM GILT 3.75% JUL-52 3.5
FRENCH REPUBLIC GOVERNMENT BOND OAT 4.5% APR-41 3.5
UNITED KINGDOM GILT 4.25% DEC-49 3.3
UNITED STATES TREASURY NOTE/BOND 2.0% FEB-50 3.3
UNITED KINGDOM GILT 4.0% JAN-60 3.0
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 5.2 Government Bond GBP 36,000 $98,711 $98,711 2044-01-22 3.25 0.8666 17.6293
FRTR 4 04/25/60 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 4.0% APR-60 4.0 Government Bond EUR 20,000 $75,282 $75,282 2060-04-25 4.0 0.4073 26.5893
JGB 1.9 09/20/42 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 1.9% SEP-42 3.9 Government Bond JPY 4,300,000 $73,128 $73,128 2042-09-20 1.9 0.3900 20.0521
T 3.75 11/15/43 Govt UNITED STATES TREASURY NOTE/BOND 3.75% NOV-43 3.6 Government Bond USD 34,000 $67,088 $67,088 2043-11-15 3.75 1.4389 16.8522
DBR 2.5 08/15/46 Govt BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 2.5% AUG-46 3.6 Government Bond EUR 24,000 $66,993 $66,993 2046-08-15 2.5 -0.2193 20.9659
UKT 3.75 07/22/52 Govt UNITED KINGDOM GILT 3.75% JUL-52 3.5 Government Bond GBP 20,000 $65,642 $65,642 2052-07-22 3.75 0.8715 21.9954
FRTR 4.5 04/25/41 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 4.5% APR-41 3.5 Government Bond EUR 21,000 $65,321 $65,321 2041-04-25 4.5 0.0672 15.5104
UKT 4.25 12/07/49 Govt UNITED KINGDOM GILT 4.25% DEC-49 3.3 Government Bond GBP 18,000 $61,507 $61,507 2049-12-07 4.25 0.8789 20.0412
T 2 02/15/50 Govt UNITED STATES TREASURY NOTE/BOND 2.0% FEB-50 3.3 Government Bond USD 41,000 $61,374 $61,374 2050-02-15 2.0 1.5889 22.3411
UKT 4 01/22/60 Govt UNITED KINGDOM GILT 4.0% JAN-60 3.0 Government Bond GBP 15,000 $56,282 $56,282 2060-01-22 4.0 0.8395 25.6363
T 3 02/15/49 Govt UNITED STATES TREASURY NOTE/BOND 3.0% FEB-49 2.9 Government Bond USD 30,000 $54,563 $54,563 2049-02-15 3.0 1.5523 20.2833
T 3 02/15/48 Govt UNITED STATES TREASURY NOTE/BOND 3.0% FEB-48 2.9 Government Bond USD 30,000 $54,289 $54,289 2048-02-15 3.0 1.5421 19.7516
T 3 02/15/47 Govt UNITED STATES TREASURY NOTE/BOND 3.0% FEB-47 2.9 Government Bond USD 30,000 $54,072 $54,072 2047-02-15 3.0 1.5251 19.2150
T 3 11/15/44 Govt UNITED STATES TREASURY NOTE/BOND 3.0% NOV-44 2.8 Government Bond USD 30,000 $53,200 $53,200 2044-11-15 3.0 1.4881 18.0659
JGB 1.7 03/20/54 Govt JAPAN GOVERNMENT FORTY YEAR BOND 1.7% MAR-54 2.7 Government Bond JPY 3,000,000 $51,432 $51,432 2054-03-20 1.7 0.5750 27.8912
JGB 0.6 12/20/46 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 0.6% DEC-46 2.7 Government Bond JPY 3,800,000 $50,290 $50,290 2046-12-20 0.6 0.5365 22.8092
T 2.5 02/15/46 Govt UNITED STATES TREASURY NOTE/BOND 2.5% FEB-46 2.6 Government Bond USD 30,000 $49,367 $49,367 2046-02-15 2.5 1.5238 19.2526
JGB 0.4 12/20/49 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 0.4% DEC-49 2.6 Government Bond JPY 4,000,000 $49,104 $49,104 2049-12-20 0.4 0.6375 24.4768
BTPS 2.7 03/01/47 Govt ITALY BUONI POLIENNALI DEL TESORO 2.7% MAR-47 2.5 Government Bond EUR 23,000 $47,988 $47,988 2047-03-01 2.7 1.4058 19.5863
JGB 1.7 06/20/44 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 1.7% JUN-44 2.5 Government Bond JPY 2,800,000 $46,586 $46,586 2044-06-20 1.7 0.4315 21.2657
BTPS 2.45 09/01/50 Govt ITALY BUONI POLIENNALI DEL TESORO 2.45% SEP-50 2.3 Government Bond EUR 22,000 $44,133 $44,133 2050-09-01 2.45 1.4756 21.8472
BTPS 4.75 09/01/44 Govt ITALY BUONI POLIENNALI DEL TESORO 4.75% SEP-44 2.0 Government Bond EUR 14,000 $38,536 $38,536 2044-09-01 4.75 1.3445 16.4456
FRTR 2 05/25/48 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 2.0% MAY-48 2.0 Government Bond EUR 16,000 $38,042 $38,042 2048-05-25 2.0 0.2599 22.4138
JGB 2.2 03/20/49 Govt JAPAN GOVERNMENT FORTY YEAR BOND 2.2% MAR-49 2.0 Government Bond Japan JPY 2,000,000 $36,985 $36,985 2049-03-20 2.2 0.5125 24.6546
JGB 0.7 06/20/48 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 0.7% JUN-48 1.9 Government Bond JPY 2,700,000 $36,351 $36,351 2048-06-20 0.7 0.5670 23.7685
FRTR 0.75 05/25/52 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 0.75% MAY-52 1.9 Government Bond EUR 20,000 $36,160 $36,160 2052-05-25 0.75 0.3630 28.1860
T 3 05/15/42 Govt UNITED STATES TREASURY NOTE/BOND 3.0% MAY-42 1.9 Government Bond USD 20,000 $35,282 $35,282 2042-05-15 3.0 1.3942 16.6254
UKT 1.625 10/22/54 Govt UNITED KINGDOM GILT 1.625% OCT-54 1.8 Government Bond GBP 15,500 $34,285 $34,285 2054-10-22 1.625 0.8838 26.8989
UKT 1.625 10/22/71 Govt UNITED KINGDOM GILT 1.625% OCT-71 1.7 Government Bond GBP 13,000 $32,460 $32,460 1971-10-22 1.625 0.7421 37.3053
JGB 0.5 03/20/59 Govt JAPAN GOVERNMENT FORTY YEAR BOND 0.5% MAR-59 1.6 Government Bond JPY 2,500,000 $30,820 $30,820 2059-03-20 0.5 0.6755 30.4064
DBR 2.5 07/04/44 Govt BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 2.5% JUL-44 1.6 Government Bond EUR 11,000 $29,948 $29,948 2044-07-04 2.5 -0.2663 19.4682
DBR 3.25 07/04/42 Govt BUNDESREPUBLIK DEUTSCHLAND BUNDESANLEIHE 3.25% JUL-42 1.6 Government Bond EUR 10,000 $29,240 $29,240 2042-07-04 3.25 -0.3093 17.4096
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 $28,612 $28,612 2050-05-15 1.25 1.6139 24.2644
CAN 2 12/01/51 Govt CANADIAN GOVERNMENT BOND 2.0% DEC-51 1.1 Government Bond CAD 17,000 $21,516 $21,516 2051-12-01 2.0 1.2195 23.7120
T 4.75 02/15/41 Govt UNITED STATES TREASURY NOTE/BOND 4.75% FEB-41 1.1 Government Bond USD 9,000 $19,881 $19,881 2041-02-15 4.75 1.2986 14.6201
UKT 2.5 07/22/65 Govt UNITED KINGDOM GILT 2.5% JUL-65 0.9 Government Bond Britain GBP 6,000 $17,763 $17,763 2065-07-22 2.5 0.8302 30.8986
CAN 3.5 12/01/45 Govt CANADIAN GOVERNMENT BOND 3.5% DEC-45 0.9 Government Bond CAD 11,000 $17,563 $17,563 2045-12-01 3.5 1.1470 18.2396
JGB 1.4 09/20/45 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 1.4% SEP-45 0.8 Government Bond JPY 1,000,000 $15,751 $15,751 2045-09-20 1.4 0.4650 22.2018
FRTR 3.25 05/25/45 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 3.25% MAY-45 0.7 Euro Bond France EUR 5,000 $14,112 $14,112 2045-05-25 3.25 0.1949 18.9585
JGB 2 09/20/41 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 2.0% SEP-41 0.6 Government Bond Japan JPY 700,000 $12,020 $12,020 2041-09-20 2.0 0.3660 19.2889
UKT 1.25 10/22/41 Govt UNITED KINGDOM GILT 1.25% OCT-41 0.6 Government Bond Britain GBP 6,000 $11,737 $11,737 2041-10-22 1.25 0.8509 18.4716
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 $11,042 $11,042 2049-08-15 2.25 1.5795 21.6149
UKT 4.5 12/07/42 Govt UNITED KINGDOM GILT 4.5% DEC-42 0.5 Government Bond Britain GBP 3,000 $9,573 $9,573 2042-12-07 4.5 0.8341 15.9890
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 $9,018 $9,018 2050-08-15 1.375 1.6130 24.0131
FRTR 1.5 05/25/50 Govt FRENCH REPUBLIC GOVERNMENT BOND OAT 1.5% MAY-50 0.5 Euro Bond France EUR 4,000 $8,671 $8,671 2050-05-25 1.5 0.3132 24.6950
JGB 1.8 09/20/43 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 1.8% SEP-43 0.4 Government Bond JPY 500,000 $8,405 $8,405 2043-09-20 1.8 0.4150 20.7896
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 $8,057 $8,057 2049-11-15 2.375 1.5772 21.6603
UKT 1.5 07/22/47 Govt UNITED KINGDOM GILT 1.5% JUL-47 0.4 Government Bond Britain GBP 3,500 $7,297 $7,297 2047-07-22 1.5 0.8950 22.2297
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 $7,234 $7,234 2042-02-15 3.125 1.3713 16.2802
JGB 0.8 09/20/47 Govt JAPAN GOVERNMENT THIRTY YEAR BOND 0.8% SEP-47 0.4 Government Bond Japan JPY 500,000 $6,910 $6,910 2047-09-20 0.8 0.5410 23.3865
BTPS 3.25 09/01/46 Govt ITALY BUONI POLIENNALI DEL TESORO 3.25% SEP-46 0.4 Euro Bond Italy EUR 3,000 $6,839 $6,839 2046-09-01 3.25 1.3894 18.6968
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 $5,886 $5,886 2041-08-15 3.75 1.3477 15.5043
JGB 0.5 03/20/60 Govt JAPAN GOVERNMENT FORTY YEAR BOND 0.5% MAR-60 0.3 Government Bond Japan JPY 400,000 $4,924 $4,924 2060-03-20 0.5 0.6765 31.0238
AUD AUD - AUSTRALIA DOLLAR FX Forwards AUD 1,967,808 $1,967,808
CAD CAD - CANADA DOLLAR FX Forwards CAD -37,052 -$38,729
EUR EUR - EURO FX Forwards EUR -299,945 -$484,720
GBP GBP - BRITISH POUND FX Forwards GBP -239,195 -$434,276
JPY JPY - JAPANESE YEN FX Forwards JPY -33,055,000 -$430,084
USD USD - UNITED STATES DOLLAR FX Forwards USD -379,121 -$515,250
Download CSV
* As at 24 November 2020. Excludes cash

Sector Allocation

Sovereign Bonds
100.0%
* As of 30 October 2020

Country Allocation

United States
27.4%
Germany
6.8%
France
12.6%
Britain
21.0%
Italy
7.1%
Japan
23.1%
Canada
2.0%
* As of 30 October 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -0.68% -0.72%
3 months -2.26% -2.28%
6 months - -1.07%
1 year - 7.94%
3 year p.a - 10.26%
5 year p.a - 9.13%
Since inception (p.a) -0.20% -0.18%
Inception date 7-May-20 -
* As at 30 October 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-Oct-20 2-Oct-20 16-Oct-20 $0.04748 -
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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Annual Report - June 2020
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NRWT and Fund Payment Notice information - September 2020 distributions
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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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