U.S. Treasury Bond 20+ Year ETF – Currency Hedged
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
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.
Invest in GGOV with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 17,181,849 |
|---|---|
| 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 19 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 19 December 2024 |
| NAV/Unit* | $13.25 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
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 |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | 2.00% | 1.82% |
| 3 months | -2.23% | -2.39% |
| 6 months | 5.01% | 4.98% |
| 1 year | 4.68% | 4.76% |
| 3 year p.a. | - | -13.93% |
| 5 year p.a. | - | -6.54% |
| 10 year p.a. | - | -0.31% |
| Since inception (p.a.) | -6.73% | -6.69% |
| Inception date | 22-Aug-22 | - |
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.
Portfolio characteristics
| Running yield (local currency, % p.a.) | 4.21 |
|---|---|
| Yield to maturity (local currency, % p.a.) | 5.06 |
| Estimated FX hedging impact (% p.a.) | -0.45 |
| Average maturity (yrs) | 26.14 |
| Modified duration (yrs) | 16.24 |
| Average credit rating | AA+ |
* As at 20 December 2024
Holdings and 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 | 4.8 |
| UNITED STATES TREASURY NOTE/BOND 4.25% AUG-54 | 4.7 |
| UNITED STATES TREASURY NOTE/BOND 4.25% FEB-54 | 4.7 |
| UNITED STATES TREASURY NOTE/BOND 4.125% AUG-53 | 4.2 |
| 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% FEB-53 | 3.4 |
| UNITED STATES TREASURY NOTE/BOND 3.625% MAY-53 | 3.4 |
| UNITED STATES TREASURY NOTE/BOND 2.0% AUG-51 | 3.1 |
Sector allocation
| Sovereign Bonds | 100.0% |
|---|
* As of 29 November 2024
Distributions
Frequency and yield
| Distribution frequency | Quarterly |
|---|---|
| 12 mth distribution yield* | 2.6% |
*As at 29 November 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) |
|---|---|---|---|---|
| 1-Oct-24 | 2-Oct-24 | 16-Oct-24 | $0.094122 | 2.88% |
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.088396 | 2.17% |
| 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
Payment notice information
NRWT & fund payments
| Document | Date |
|---|---|
| 2024-09 | |
| 2024-06 | |
| 2024-03 | |
| 2023-12 |