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 61–120 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 |
|---|---|---|---|---|---|
| EU13State Street SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF EURSPDRIE00B6YX5F63ETFISASIPP | 0.15% | −4.8% | +1.1% | −21.1% | £650m |
| TR3XInvesco US Treasury Bond 1-3 Year UCITS ETF AccumUSDInvescoIE00BF2FNH52ETFISASIPP | 0.06% | +0.7% | Not available | Not available | £644m |
| TRXGInvesco US Treasury Bond 7-10 Year UCITS ETFInvescoIE00BF2FN646ETFISASIPP | 0.06% | −2.5% | −5.3% | −26.1% | £624m |
| 0MV9Xtrackers II Global Government Bond UCITS ETF EUR Hedged AccXtrackersLU0378818131ETFISASIPP | 0.25% | −7.6% | −14.9% | −33.5% | £611m |
| 0DMMXtrackers II Eurozone Government Bond 5-7 UCITS ETF Capitalisation 1CXtrackersLU0290357176ETFISASIPP | 0.16% | −7.5% | −8.9% | −28.9% | £606m |
| 0E03Xtrackers II Japan Government Bond UCITS ETF -1C- CapitalisationXtrackersLU0952581584ETFISASIPP | 0.15% | −12.8% | −43.8% | −56.1% | £570m |
| IGLHiShares Global Govt Bond UCITS ETF Hedged GBPiSharesIE00BDFK3H31ETFISASIPP | 0.25% | −0.6% | −6.8% | −27.2% | £567m |
| GGGAInvesco Global Government Bond UCITS ETF Accum-PFHDG- GBPInvescoIE000VKU6XC9ETFISASIPP | 0.12% | Not available | Not available | Not available | £562m |
| JGBHiShares Japan Govt Bond UCITS ETF Hedged GBPiSharesIE0009SA6OY7ETFISASIPP | 0.09% | +0.2% | Not available | Not available | £560m |
| IBGYiShares EUR Govt Bond 5-7 Year UCITS ETFiSharesIE00B4WXJG34ETFISASIPP | 0.17% | −7.7% | −8.6% | −28.6% | £553m |
| FGGGFidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBPFidelityIE000QVCP9S5ETFISASIPP | 0.25% | 0.0% | Not available | Not available | £526m |
| CU31iShares USD Treasury Bond 1-3yr UCITS ETF USD (Acc) BiSharesIE00B3VWN179ETFISASIPP | 0.07% | +0.7% | +12.2% | −12.5% | £519m |
| IGTAiShares USD Treasury Bond 7-10yr UCITS ETF AccumHedged GBPiSharesIE000R4RN8C3ETFISASIPP | 0.10% | −1.1% | Not available | Not available | £516m |
| 0A0BiShares USD Treasury Bond 1-3yr UCITS ETF Accum Hedged MXNiSharesIE00BDDRHB81ETFISASIPP | 0.10% | +3.0% | +60.7% | +25.4% | £503m |
| VEMTVanguard USD Emerging Markets Government Bond UCITS ETFVanguardIE00BZ163L38ETFISASIPP | 0.23% | −1.1% | −16.5% | −34.8% | £502m |
| GT15Invesco UK GILT 15+ Year UCITS ETF GBPInvescoIE000AES5KQ5ETFISASIPP | 0.06% | −1.9% | Not available | Not available | £497m |
| 0TPEiShares USD TIPS UCITS ETF AcciSharesIE00BDZVH966ETFISASIPP | 0.12% | −7.0% | −12.6% | −31.8% | £485m |
| 0MUEXtrackers II Eurozone Government Bond 3-5 UCITS ETF Capitalisation 1CXtrackersLU0290356954ETFISASIPP | 0.15% | −6.3% | −3.9% | −25.0% | £473m |
| INXGiShares GBP Index-Linked Gilts UCITS ETFiSharesIE00B1FZSD53ETFISASIPP | 0.10% | +2.3% | −40.5% | −53.6% | £470m |
| IGLAiShares Global Govt Bond UCITS ETF Accum USDiSharesIE00BYZ28V50ETFISASIPP | 0.20% | −4.5% | −14.7% | −33.4% | £457m |
| IDTGiShares USD Treasury Bond 20+yr UCITS ETF Hedged GBPiSharesIE00BK5MT033ETFISASIPP | 0.10% | −4.3% | −36.3% | −50.3% | £456m |
| VUTYVanguard USD Treasury Bond UCITS ETFVanguardIE00BZ163M45ETFISASIPP | 0.05% | −1.9% | −18.4% | −36.3% | £449m |
| CNYBiShares China CNY Bond UCITS ETF USDiSharesIE00BYPC1H27ETFISASIPP | 0.35% | +8.2% | +18.0% | −7.9% | £443m |
| 0VPYiShares Swiss Domestic Government Bond 7-15 ETF (CH)iSharesCH0016999861ETFNot usually ISASIPP | 0.15% | −6.1% | +9.7% | −14.3% | £437m |
| EMGAiShares J.P. Morgan EM Local Govt Bond UCITS ETF AcciSharesIE00BFZPF546ETFISASIPP | 0.50% | +0.7% | +13.2% | −11.6% | £423m |
| IITBiShares Italy Govt Bond UCITS ETFiSharesIE00B7LW6Y90ETFISASIPP | 0.20% | −7.0% | −7.9% | −28.1% | £420m |
| GIL5Multi Units Luxembourg SICAV - Amundi UK Government Bond Dist DistributionAmundiLU1439943090ETFISASIPP | 0.06% | +2.2% | +8.3% | −15.5% | £417m |
| 0VPXiShares Swiss Domestic Government Bond 3-7 ETF (CH)iSharesCH0016999846ETFNot usually ISASIPP | 0.15% | −5.4% | +10.5% | −13.8% | £413m |
| TIPHMulti Units Luxembourg SICAV - Amundi US TIPS -Dist- Distribution GBP HedgedAmundiLU1452600601ETFISASIPP | 0.12% | 0.0% | −4.1% | −25.2% | £410m |
| TIPGMulti Units Luxembourg SICAV - Amundi US TIPS -Dist- DistributionAmundiLU1452600270ETFISASIPP | 0.09% | −2.8% | −0.4% | −22.3% | £399m |
| SGILiShares Global Inflation Linked Govt Bond UCITS ETFiSharesIE00B3B8PX14ETFISASIPP | 0.22% | −1.6% | −14.5% | −33.3% | £389m |
| TIGGL&G India INR Government Bond UCITS ETF USDL&GIE00BL6K6H97ETFISASIPP | 0.39% | −4.5% | −7.2% | −27.6% | £387m |
| X71UXtrackers II Eurozone Government Bond 7-10 UCITS ETF 2C Hedged- CapitalisationXtrackersLU2523865991ETFISASIPP | 0.20% | −3.5% | Not available | Not available | £384m |
| 0E60UBS (Lux) Fund Solutions - UBS Core BBG TIPS 1-10 UCITS ETF Shs -hEUR acc- CapitalisationUBSLU1459801780ETFISASIPP | 0.10% | −6.0% | −4.8% | −25.7% | £380m |
| 0MM2iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETFiSharesDE0006289499ETFISASIPP | 0.17% | −6.7% | −15.4% | −34.0% | £376m |
| VGOVVanguard UK Gilt UCITS ETFVanguardIE00B42WWV65ETFISASIPP | 0.05% | −0.8% | −26.7% | −42.8% | £353m |
| 0ACVAmundi US Treasury Bond 7-10Y UCITS ETFAmundiLU1407887915ETFISASIPP | 0.07% | −2.6% | Not available | Not available | £349m |
| GXUSAmundi Global ex-US Government Bond Capitaisation -UCITS ETF-AmundiLU3254330437ETFISASIPP | 0.22% | Not available | Not available | Not available | £340m |
| XGSGXtrackers II Global Government Bond UCITS ETFXtrackersLU0641006290ETFISASIPP | 0.25% | −0.6% | −5.8% | −26.5% | £339m |
| CBUGiShares USD Treasury Bond 3-7yr UCITS ETF GBPiSharesIE00BJJPVP04ETFISASIPP | 0.10% | +0.2% | −0.1% | −22.0% | £333m |
| 0DMSXtrackers II Eurozone Inflation-Linked Bond UCITS ETFXtrackersLU0290358224ETFISASIPP | 0.15% | −6.0% | −4.5% | −25.4% | £332m |
| XUSTXtrackers II US Treasuries UCITS ETF Shs 1C CapitalisationXtrackersLU1920015796ETFISASIPP | 0.07% | −2.4% | Not available | Not available | £324m |
| GLT5Invesco UK Gilt 1-5 Year UCITS ETF GBPInvescoIE00BG0TQ445ETFISASIPP | 0.06% | +1.9% | +6.2% | −17.1% | £321m |
| GGOVAmundi Index Solutions - J.P. Morgan GBI Global GoviesAmundiLU1437016204ETFISASIPP | 0.22% | −4.6% | −14.6% | −33.4% | £306m |
| XGSIXtrackers II Global Government Bond UCITS ETF USD Hedged AccXtrackersLU0641006456ETFISASIPP | 0.25% | −2.8% | −2.8% | −24.2% | £301m |
| UKG5L&G UK Gilt 0-5 Year UCITS ETF GBPL&GIE00BLRPQK69ETFISASIPP | 0.06% | +2.2% | +6.8% | −16.6% | £296m |
| 0DMRXtrackers II Global Inflation-Linked Bond UCITS ETF EUR Hedged AccXtrackersLU0290357929ETFISASIPP | 0.25% | −6.5% | −19.1% | −36.9% | £294m |
| 0HE5Amundi Euro Government Bond 15+Y UCITS ETF AccAmundiLU1287023268ETFISASIPP | 0.16% | −10.7% | −39.5% | −52.8% | £284m |
| GLTLState Street SPDR Bloomberg 15+ Year Gilt UCITS ETF GBPSPDRIE00B6YX5L24ETFISASIPP | 0.15% | −1.2% | −46.3% | −58.1% | £279m |
| 0E46Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF AccAmundiLU1287023342ETFISASIPP | 0.17% | −7.2% | −18.6% | −36.5% | £275m |
| BBM3BetaBuilders US Treasury Bond 0-3 Months UCITS ETF Acc USDJPMorganIE00BMD8KM66ETFISASIPP | 0.07% | +0.7% | +21.1% | −5.5% | £273m |
| EARTMulti Units Luxembourg SICAV - Amundi Euro Government Green Bond -Acc- CapitalisationAmundiLU2356220926ETFISASIPP | 0.20% | −9.2% | −31.8% | −46.8% | £269m |
| XG7SXtrackers II Global Government Bond UCITS ETF 5C CapitalisationXtrackersLU0908508731ETFISASIPP | 0.20% | −5.3% | −13.6% | −32.6% | £267m |
| 0W7ODeka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETFDekaDE000ETFL185ETFISASIPP | 0.20% | −4.5% | −2.4% | −23.8% | £266m |
| JUEGJpmorgan ETFs Ireland ICAV - EUR Government Bond Active UCITS ETFJPMorganIE000JUREXG2ETFISASIPP | 0.15% | −6.1% | Not available | Not available | £265m |
| 0VQIiShares Swiss Domestic Government Bond 0-3 ETF (CH) Anteile AiSharesCH0102530786ETFNot usually ISASIPP | 0.22% | −4.4% | +12.1% | −12.5% | £260m |
| UBIFUBS Core BBG Euro Inflation Linked Bond 1-10 UCITS ETF -EUR dis- DistributionUBSLU1645380368ETFISASIPP | 0.09% | −4.4% | +4.6% | −18.4% | £233m |
| 0HEQUBS BBG USD EM Sovereign UCITS ETF -hEUR acc- CapitalisationUBSLU1324516308ETFISASIPP | 0.28% | −4.4% | −2.6% | −24.0% | £231m |
| IBTGiShares USD Treasury Bond 1-3yr UCITS ETFiSharesIE00BDFK1N50ETFISASIPP | 0.10% | +2.3% | +9.1% | −14.9% | £228m |
| IGBGIshares Broad Global Govt Bond UCITS ETF USDiSharesIE000J8Z5N74ETFISASIPP | 0.10% | −2.7% | Not available | Not available | £226m |
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.