Bonds and cash-like
Government bond funds, including gilts
Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Go to the 319 funds- Funds with a price
- 319
- Typical ongoing charge
- 0.13% a year · £13 on £10,000
- Lowest ongoing charge
- 0.05% a year
How to compare government bond funds
What differs from one fund to the next. None of it says which fund to choose.
- What it follows
- The index a tracker copies, or the strategy a manager follows. Two funds on the same index hold much the same companies. Index funds
- Ongoing charge
- Taken from the fund’s value every year. 0.20% is about £20 a year on £10,000, before any platform fee. Ongoing charges figure
- Income
- Accumulating share classes reinvest income inside the fund; distributing ones pay it out as cash. Accumulating or distributing
- Currency
- Hedged share classes aim to take out currency moves against the pound; unhedged ones keep them. Currency hedging
- Returns after inflation
- Past returns with UK inflation (CPIH) taken out, dated and sourced. They say nothing certain about the future. How real returns are worked out
- Holdings overlap
- How much of two funds is the same companies at the same weights. A high figure means owning both is close to owning one. Compare two funds
Specific to government bond funds: Funds holding longer-dated bonds move more when interest rates change than funds holding short-dated ones.
Funds (319)
Showing 1–60 of 319 government bond funds, ordered by fund size, largest first. An order is not a ranking of quality.
| Fund | Charge | 1 year | 5 years | 5y real (return over 5 years after inflation) | Size |
|---|---|---|---|---|---|
| CU71iShares USD Treasury Bond 3-7yr UCITS ETFiSharesIE00B3VWN393ETFISASIPP | 0.07% | −1.9% | +3.6% | −19.1% | £6.1bn |
| IBTAiShares USD Treasury Bond 1-3yr UCITS ETF AcciSharesIE00BYXPSP02ETFISASIPP | 0.07% | +0.4% | +11.9% | −12.7% | £5.8bn |
| SEGAiShares Core EUR Govt Bond UCITS ETFiSharesIE00B4WXJJ64ETFISASIPP | 0.07% | −6.8% | −15.0% | −33.7% | £4.5bn |
| SEMLiShares J.P. Morgan EM Local Govt Bond UCITS ETFiSharesIE00B5M4WH52ETFISASIPP | 0.50% | +0.7% | +12.7% | −12.0% | £3.9bn |
| CBU0iShares USD Treasury Bond 7-10yr UCITS ETF USD (Acc) USDiSharesIE00B3VWN518ETFISASIPP | 0.07% | −2.8% | −5.5% | −26.3% | £3.8bn |
| VETAVanguard EUR Eurozone Government Bond UCITS ETF Acc Unhedged EURVanguardIE00BH04GL39ETFISASIPP | 0.07% | −6.9% | −15.4% | −34.0% | £3.4bn |
| IGLTiShares Core UK Gilts UCITS ETFiSharesIE00B1FZSB30ETFISASIPP | 0.07% | +0.9% | −20.9% | −38.2% | £3.3bn |
| IBTMiShares USD Treasury Bond 7-10yr UCITS ETFiSharesIE00B1FZS798ETFISASIPP | 0.07% | −3.1% | −5.4% | −26.1% | £3.0bn |
| 0DMLXtrackers II Eurozone Government Bond 1-3 UCITS ETFXtrackersLU0290356871ETFISASIPP | 0.24% | −4.2% | +1.6% | −20.7% | £2.9bn |
| ITPSiShares USD TIPS UCITS ETFiSharesIE00B1FZSC47ETFISASIPP | 0.10% | −2.4% | −0.7% | −22.5% | £2.9bn |
| DTLAiShares USD Treasury Bond 20+yr UCITS ETF USD (Accumulating)iSharesIE00BFM6TC58ETFISASIPP | 0.07% | −5.7% | −33.1% | −47.8% | £2.6bn |
| 0E6HBNP Paribas Easy SICAV - JPM Tilted EMU Government Bond IG -UCITS ETF- CapitalisationBNP ParibasLU1481202692ETFISASIPP | 0.15% | −6.6% | −15.6% | −34.1% | £2.4bn |
| IGLSiShares UK Gilts 0-5yr UCITS ETFiSharesIE00B4WXJK79ETFISASIPP | 0.07% | +2.3% | +8.6% | −15.2% | £2.2bn |
| CE31iShares EUR Govt Bond 1-3 UCITS ETF EUR (ACC)iSharesIE00B3VTMJ91ETFISASIPP | 0.11% | −4.2% | +2.5% | −20.0% | £2.1bn |
| XGLEXtrackers II Eurozone Government Bond UCITS ETFXtrackersLU0290355717ETFISASIPP | 0.07% | −6.7% | −15.4% | −33.9% | £2.0bn |
| IBTSiShares USD Treasury Bond 1-3yr UCITS ETF USDiSharesIE00B14X4S71ETFISASIPP | 0.07% | +0.1% | +12.1% | −12.5% | £2.0bn |
| 0HGYAmundi Euro Government Bond 1-3Y UCITS ETF AccAmundiLU1650487413ETFISASIPP | 0.16% | −4.4% | +0.8% | −21.3% | £1.9bn |
| 0HGZMulti Units LU Amundi Euro Government Bond 3-5Y Acc- CapitalisationAmundiLU1650488494ETFISASIPP | 0.16% | −5.8% | −4.7% | −25.6% | £1.7bn |
| IBGXiShares EUR Govt Bond 3-5 Year UCITS ETFiSharesIE00B1FZS681ETFISASIPP | 0.15% | −6.0% | −4.8% | −25.7% | £1.7bn |
| GILSMulti Units Luxembourg SICAV - Amundi Core UK Government Bond Dist DistributionAmundiLU1407892592ETFISASIPP | 0.05% | +0.8% | −21.0% | −38.3% | £1.5bn |
| U03AIshares USD Treasury Bond 0-3 Month UCITS ETF AccumUSDiSharesIE000SSFEUS3ETFISASIPP | 0.07% | +1.9% | Not available | Not available | £1.5bn |
| IBCIiShares Euro Inflation Linked Government Bond UCITS ETF AccumEURiSharesIE00B0M62X26ETFISASIPP | 0.09% | −5.4% | −6.1% | −26.7% | £1.5bn |
| IBGSiShares EUR Govt Bond 1-3 UCITS ETF EUR (Dist)iSharesIE00B14X4Q57ETFISASIPP | 0.11% | −4.2% | +2.4% | −20.0% | £1.5bn |
| IGBSIshares Broad Global Govt Bond UCITS ETF - Hedge GBPiSharesIE000S6ZDHA0ETFISASIPP | 0.14% | +0.4% | Not available | Not available | £1.4bn |
| 0E5HXtrackers II US Treasuries UCITS ETF EURXtrackersLU1399300455ETFISASIPP | 0.10% | −10.0% | −15.0% | −33.6% | £1.3bn |
| 0MUJXtrackers II Eurozone Government Bond 7-10 UCITS ETF Capitalisation 1CXtrackersLU0290357259ETFISASIPP | 0.15% | −7.3% | −15.4% | −34.0% | £1.3bn |
| ITPGiShares USD TIPS UCITS ETF GBP Hedged DistiSharesIE00BDZVH859ETFISASIPP | 0.12% | −0.4% | −4.3% | −25.3% | £1.3bn |
| 0E44Amundi Euro Government Bond 7-10Y UCITS ETF AccAmundiLU1287023185ETFISASIPP | 0.16% | −7.4% | −14.8% | −33.5% | £1.2bn |
| VUTAVanguard USD Treasury Bond UCITS ETF Acc Unhedged USDVanguardIE00BGYWFS63ETFISASIPP | 0.05% | −1.6% | −2.4% | −23.8% | £1.2bn |
| IBTEiShares USD Treasury Bond 1-3yr UCITS ETF EUR Hedged AcciSharesIE00BDFK1573ETFISASIPP | 0.10% | −4.3% | −1.3% | −23.0% | £1.2bn |
| 0ACMiShares USD Treasury Bond 7-10yr UCITS ETF Hedged EURiSharesIE00BGPP6697ETFISASIPP | 0.10% | −7.5% | −17.5% | −35.6% | £1.2bn |
| MTIXAmundi Euro Government Inflation Linked Bond -Acc- CapitalisationAmundiLU1650491282ETFISASIPP | 0.09% | −5.3% | −6.0% | −26.7% | £1.2bn |
| CE71iShares EUR Govt Bond 3-7 UCITS ETF (Acc)iSharesIE00B3VTML14ETFISASIPP | 0.16% | −6.3% | −6.6% | −27.1% | £1.2bn |
| VETYVanguard EUR Eurozone Government Bond UCITS ETFVanguardIE00BZ163H91ETFISASIPP | 0.07% | −7.6% | −23.4% | −40.2% | £1.2bn |
| MTXXAmundi Core Euro Government Bond -UCITS ETF ACC- CapitalisationAmundiLU1437018598ETFISASIPP | 0.11% | −6.8% | Not available | Not available | £1.1bn |
| EMDLSSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF USDSPDRIE00B4613386ETFISASIPP | 0.55% | +0.3% | −3.0% | −24.3% | £1.1bn |
| IGTMiShares USD Treasury Bond 7-10yr UCITS ETF GBPiSharesIE00BGPP6580ETFISASIPP | 0.10% | −1.1% | −8.7% | −28.8% | £1.1bn |
| 0HOVUBS (Lux) Fund Solutions - UBS Core BBG EUR Gov 1-10 UCITS ETF-EUR dis- DistributionUBSLU0969639128ETFISASIPP | 0.10% | −5.8% | −6.4% | −27.0% | £1.0bn |
| SGLOiShares Global Govt Bond UCITS ETFiSharesIE00B3F81K65ETFISASIPP | 0.20% | −4.4% | −14.8% | −33.5% | £999m |
| TI5GiShares USD TIPS 0-5 UCITS ETF GBPiSharesIE00BDZVHB89ETFISASIPP | 0.12% | +2.0% | +12.7% | −12.0% | £988m |
| GLTYState Street SPDR Bloomberg UK Gilt UCITS ETF GBPSPDRIE00B3W74078ETFISASIPP | 0.15% | +0.6% | −23.6% | −40.4% | £957m |
| PRIRAmundi Prime Euro Government Bond -UCITS ETF DR- DistributionAmundiLU1931975152ETFISASIPP | 0.07% | −6.8% | −14.9% | −33.5% | £953m |
| TI5AiShares USD TIPS 0-5 UCITS ETF Accum USDiSharesIE000JXFRNI0ETFISASIPP | 0.10% | 0.0% | Not available | Not available | £935m |
| 0HH0Amundi Euro Government Bond 10-15Y UCITS ETF AccAmundiLU1650489385ETFISASIPP | 0.16% | −8.2% | −21.5% | −38.7% | £926m |
| 0MVRXtrackers II iBoxx Eurozone Government Bond Yield Plus UCITSXtrackersLU0524480265ETFISASIPP | 0.15% | −7.8% | −12.1% | −31.4% | £861m |
| DTLEiShares USD Treasury Bond 20+yr UCITS ETF Hedged EURiSharesIE00BD8PGZ49ETFISASIPP | 0.10% | −10.3% | −42.2% | −54.9% | £845m |
| JT13UBS (Lux) Fund Solutions - UBS BBG Japan Gov 1-3 UCITS ETF -JPY acc- CapitalisationUBSLU2098179695ETFISASIPP | 0.15% | −4.9% | −7.3% | −27.6% | £819m |
| 0WAWAmundi Euro Government Bond 0-6M UCITS ETF FCP PartsAmundiFR0010754200ETFISASIPP | 0.14% | −2.9% | +7.4% | −16.1% | £817m |
| IGL5iShares UK Gilts 0-5yr UCITS ETF AccumGBPiSharesIE000RCMNFR9ETFISASIPP | 0.07% | +2.3% | Not available | Not available | £790m |
| IBGMiShares EUR Govt Bond 7-10 Year UCITS ETFiSharesIE00B1FZS806ETFISASIPP | 0.16% | −7.5% | −15.8% | −34.3% | £787m |
| GBPGGoldman Sachs Access UK Gilts 1-10 Years UCITS ETF - GBPGoldman SachsIE0003MKK4H3ETFISASIPP | 0.07% | +1.3% | +6.3% | −17.1% | £781m |
| IBTLiShares USD Treasury Bond 20+yr UCITS ETFiSharesIE00BSKRJZ44ETFISASIPP | 0.07% | −6.0% | −33.1% | −47.7% | £774m |
| CE01iShares EUR Govt Bond 7-10 UCITS ETF EUR (Acc)iSharesIE00B3VTN290ETFISASIPP | 0.15% | −7.5% | −15.8% | −34.3% | £766m |
| IBGLiShares EUR Govt Bond 15-30 Year UCITS ETFiSharesIE00B1FZS913ETFISASIPP | 0.18% | −9.9% | −37.6% | −51.3% | £738m |
| TP05iShares USD TIPS 0-5 UCITS ETF USDiSharesIE00BDQYWQ65ETFISASIPP | 0.10% | 0.0% | +16.2% | −9.3% | £736m |
| XUTDXtrackers II US Treasuries UCITS ETFXtrackersLU0429459356ETFISASIPP | 0.07% | −1.8% | −3.1% | −24.4% | £726m |
| VEMAVanguard USD Emerging Markets Government Bond UCITS ETF Acc Unhedged USDVanguardIE00BGYWCB81ETFISASIPP | 0.23% | −0.9% | +10.8% | −13.5% | £704m |
| 0E7AAmundi Italy BTP Government Bond 10Y UCITS ETFAmundiLU1598691217ETFISASIPP | 0.17% | −7.4% | −10.3% | −30.0% | £660m |
| 0E5ZUBS Core BBG TIPS 1-10 UCITS ETF -USD acc- CapitalisationUBSLU1459801517ETFISASIPP | 0.09% | −1.2% | +8.0% | −15.7% | £658m |
| 0E43Amundi Euro Government Bond 5-7Y UCITS ETF AccAmundiLU1287023003ETFISASIPP | 0.17% | −6.6% | −9.1% | −29.0% | £656m |
As of , at least 15 min delayed
Funds by the index they track
Each page lists every UK fund on one index, by name, with charges and share classes. These are the indices most of the government bond funds here track.
- Bloomberg US Govt Inflation-Linked funds (8 here)
- Bloomberg US Treasury 7-10 Year funds (8 here)
- Bloomberg US Treasury (1-3Y) funds (7 here)
- Bloomberg US Treasury (3-7 Y) funds (7 here)
- FTSE WGBI - Developed Markets funds (7 here)
- Bloomberg US Long Treasury funds (6 here)
- Bloomberg China Treasury + Policy Bank funds (5 here)
- Bloomberg Global Aggregate Treasuries funds (5 here)
- Bloomberg World Govt Inflation-Linked funds (5 here)
- ICE BofA US Treasury (7-10 Y) funds (5 here)
- ICE BofA US Treasury Bond (20+ Y) funds (5 here)
- Bloomberg U.S. Treasury funds (4 here)
Questions people ask
What are government bond funds?
Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
How many government bond funds does Fundology track?
Fundology holds a recorded closing price for 319 UK-listed government bond funds open to UK investors. The list changes as funds launch and close.
How much do government bond funds cost?
The typical (median) ongoing charge among the government bond funds Fundology tracks is 0.13% a year, about £13 a year on every £10,000. The lowest is 0.05%. The charge is taken from the fund’s value rather than billed, and a lower charge does not mean a higher return.
What is worth checking when comparing government bond funds?
The index or strategy each fund follows, its ongoing charge, whether it reinvests income or pays it out, currency hedging, its size, and how much its holdings overlap with funds already held.
How is this list ordered?
By fund size, largest first, unless another order is chosen. Size says how widely a fund is held, not how good it is, and no order on this page is a recommendation.
Related groups
Loans to governments and companies, and funds that behave like cash.