U.S. Treasury Bond 20+ Year ETF – Currency Hedged
- Cash & Fixed income
Generate income and defend your portfolio with long-dated US Treasury 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, 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.
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* | $13.55 |
* As at 20 November 2024
Profile
| Net assets* ($A) | $253,926,827 |
|---|---|
| Units outstanding* (#) | 18,741,849 |
| 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 20 November 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.) | 3.93 |
|---|---|
| Yield to maturity (local currency, % p.a.) | 4.69 |
| Estimated FX hedging impact (% p.a.) | -0.45 |
| Average maturity (yrs) | 25.85 |
| Modified duration (yrs) | 16.28 |
| Average credit rating | AA+ |
Holdings & allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| UNITED STATES TREASURY NOTE/BOND 4.625% MAY-54 | 5.0% |
| UNITED STATES TREASURY NOTE/BOND 4.75% NOV-53 | 4.9% |
| UNITED STATES TREASURY NOTE/BOND 4.25% AUG-54 | 4.7% |
| UNITED STATES TREASURY NOTE/BOND 4.25% FEB-54 | 4.6% |
| UNITED STATES TREASURY NOTE/BOND 4.125% AUG-53 | 4.1% |
| UNITED STATES TREASURY NOTE/BOND 4.0% NOV-52 | 3.7% |
| UNITED STATES TREASURY NOTE/BOND 2.375% MAY-51 | 3.5% |
| UNITED STATES TREASURY NOTE/BOND 3.625% MAY-53 | 3.4% |
| UNITED STATES TREASURY NOTE/BOND 3.625% FEB-53 | 3.4% |
| UNITED STATES TREASURY NOTE/BOND 2.0% AUG-51 | 3.1% |
* As at 20 November 2024. Excludes cash
Sector allocation
| Sovereign Bonds | 100.0% |
|---|
* As of 31 October 2024
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -5.82% | -5.80% |
| 3 months | -2.20% | -2.08% |
| 6 months | 5.77% | 5.96% |
| 1 year | 12.31% | 12.59% |
| 3 year p.a. | - | -13.59% |
| 5 year p.a. | - | -6.95% |
| 10 year p.a. | - | -0.13% |
| Since inception (p.a.) | -7.80% | -7.68% |
| Inception date | 22-Aug-22 | - |
* As at 31 October 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* | 2.6% |
*As at 31 October 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'.