U.S. Treasury Bond 20+ Year ETF – Currency Hedged

GGOV

Generate income and defend your portfolio with long-dated US Treasury bonds

Invest with us

Overview

Note: GGOV’s benchmark index and name was changed following close of ASX trading on 22 August 2022. Refer to the Product Disclosure Statement dated 23 August 2022 and the ASX announcement here for more information.

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, fixed rate US Treasury bonds, hedged into AUD.

Benefits of GGOV

  • High credit quality

    US Treasury bonds are among the highest credit quality and most liquid of all securities.

  • Diversification and defence

    US Treasury bonds historically have been among the better-performing assets during US recessions and periods of global economic weakness.

  • Attractive income

    GGOV’s focus on long maturity US Treasury bonds offers the potential for attractive income, paid quarterly.

There are risks associated with an investment in GGOV, including interest rate risk, credit risk, international investment risk and non-traditional index methodology risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.

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

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)

* Data is delayed by at least 20 minutes.

NAV
NAV/Unit* $14.24

* As at 18 June 2024

Profile

Net assets* ($A) $202,357,763
Units outstanding* (#) 14,207,091
Management fee and cost** (p.a.) 0.22%
Investment manager Betashares Capital Ltd
Distribution frequency Quarterly
Distribution reinvestment plan (DRP) Full or partial participation available
Registry Link Market Services

* As at 18 June 2024

* 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
Market makers Susquehanna Pacific

Index information

Index S&P U.S. Treasury Bond 20+ Year Index
Index provider S&P Dow Jones Indices LLC
Index ticker N/A
Bloomberg index ticker SPBDADHT

Portfolio characteristics

Running yield (local currency, % p.a.) 3.72
Yield to maturity (local currency, % p.a.) 4.44
Estimated FX hedging impact (% p.a.) -1.08
Average maturity (yrs) 26.09
Modified duration (yrs) 16.73
Average credit rating AA+
As at 20 June 2024

Holdings & allocation

Portfolio holdings

Name Weight (%)
UNITED STATES TREASURY NOTE/BOND 4.75% NOV-53 5.2%
UNITED STATES TREASURY NOTE/BOND 4.25% FEB-54 5.0%
UNITED STATES TREASURY NOTE/BOND 4.125% AUG-53 4.5%
UNITED STATES TREASURY NOTE/BOND 4.0% NOV-52 3.9%
UNITED STATES TREASURY NOTE/BOND 2.375% MAY-51 3.7%
UNITED STATES TREASURY NOTE/BOND 3.625% FEB-53 3.7%
UNITED STATES TREASURY NOTE/BOND 3.625% MAY-53 3.7%
UNITED STATES TREASURY NOTE/BOND 2.0% AUG-51 3.4%
UNITED STATES TREASURY NOTE/BOND 2.875% MAY-52 3.3%
UNITED STATES TREASURY NOTE/BOND 1.875% FEB-51 3.3%

* As at 19 June 2024. Excludes cash

Sector allocation

Sovereign Bonds
100.0%

* As of 31 May 2024

Performance

Fund returns after fees (%)

  Fund Index
1 month 2.74% 2.76%
3 months -3.28% -3.22%
6 months -0.32% -0.21%
1 year -10.94% -10.80%
3 year p.a. - -12.50%
5 year p.a. - -6.10%
10 year p.a. - 0.24%
Since inception (p.a.) -11.03% -10.96%
Inception date 22-Aug-22 -

* As at 31 May 2024.
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.
Inception date refers to the inception of the Fund's current investment strategy. Prior to the inception date, the Fund traded under a different investment strategy, and was subject to different management costs. Information about the Fund's performance prior to the current strategy inception date is available on request by emailing [email protected] or calling 1300 487 577.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency Quarterly
12 mth distribution yield* 2.5%

*As at 31 May 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.

You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
2-Apr-24 3-Apr-24 17-Apr-24 $0.085998 2.05%
2-Jan-24 3-Jan-24 17-Jan-24 $0.092371 2.27%
2-Oct-23 3-Oct-23 17-Oct-23 $0.075235 1.98%
3-Jul-23 4-Jul-23 18-Jul-23 $0.087258 2.14%
3-Apr-23 4-Apr-23 20-Apr-23 $0.098241 1.70%
3-Jan-23 4-Jan-23 18-Jan-23 $0.097161 1.26%
3-Oct-22 4-Oct-22 18-Oct-22 $0.0999 1.02%
1-Jul-22 4-Jul-22 18-Jul-22 $0.045434 0.79%
1-Apr-22 4-Apr-22 20-Apr-22 $0.058204 2.55%
4-Jan-22 5-Jan-22 19-Jan-22 $0.056079 2.50%
1-Oct-21 4-Oct-21 18-Oct-21 $0.043626 2.49%
1-Jul-21 2-Jul-21 16-Jul-21 $0.454048 2.48%
1-Apr-21 6-Apr-21 20-Apr-21 $0.054345 2.56%
4-Jan-21 5-Jan-21 19-Jan-21 $0.04997 -
1-Oct-20 2-Oct-20 16-Oct-20 $0.047478 -
1-Jul-20 2-Jul-20 16-Jul-20 $0.528779 -

1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance

Announcements

ASX announcements: GGOV

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