Fundology

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 121–180 of 319 government bond funds, ordered by fund size, largest first. An order is not a ranking of quality.

Government bond funds, including gilts: ongoing charge, returns before and after inflation, and size, ordered by fund size, largest first
FundCharge1 year5 years5y real (return over 5 years after inflation)Size
CYGBiShares China CNY Bond UCITS ETF Hedged GBPiSharesIE00BMZ17Y47ETFISASIPP0.40%+5.3%+7.7%−15.9%£224m
EMDGLegal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USDL&GIE00BLRPQP15ETFISASIPP0.25%+0.7%+4.2%−18.7%£220m
0MLXiShares eb.rexx Government Germany UCITS ETF (DE)iSharesDE0006289465ETFISASIPP0.16%−5.7%−9.7%−29.5%£218m
TRSGInvesco US Treasury Bond UCITS ETFInvescoIE00BF2GFH28ETFISASIPP0.06%−2.0%−2.1%−23.6%£213m
TRXSInvesco US Treasury Bond 7-10 Year UCITS ETF GBP HedgedInvescoIE00BF2FNB90ETFISASIPP0.10%−1.1%−9.1%−29.1%£209m
GILGiShares Global Inflation Linked Government Bond UCITS ETF Hedged GBPiSharesIE00BMDBML89ETFISASIPP0.20%+0.7%+5.1%−18.0%£209m
USTYSSGA SPDR ETFs Europe I PLC - State Street SPDR Bloomberg U.S. Treasury Bond UCITS ETF USDSPDRIE00B44CND37ETFISASIPP0.15%−2.0%−2.4%−23.8%£204m
UTIPState Street SPDR Bloomberg U.S. TIPS UCITS ETF USDSPDRIE00BZ0G8977ETFISASIPP0.17%−2.4%−1.0%−22.7%£204m
XGIGXtrackers II Global Inflation-Linked Bond UCITS ETFXtrackersLU0641007264ETFISASIPP0.25%+0.7%−12.5%−31.7%£201m
0MLZiShares eb.rexx Government Germany 2.5-5.5 UCITS ETF (DE)iSharesDE0006289481ETFISASIPP0.16%−5.5%−6.8%−27.3%£200m
GLTPInvesco UK Gilts UCITS ETF GBPInvescoIE00BG0TQC25ETFISASIPP0.06%+0.7%−23.1%−40.0%£198m
U10GAmundi US Treasury Bond Long Dated UCITS ETFAmundiLU1407890620ETFISASIPP0.06%−5.4%−29.1%−44.6%£186m
IBGTiShares USD Treasury Bond 1-3yr UCITS ETF AccumHedged GBPiSharesIE000KN6U873ETFISASIPP0.10%+2.2%Not availableNot available£184m
SDEUiShares Germany Govt Bond UCITS ETFiSharesIE00B5V94313ETFISASIPP0.20%−6.2%−17.4%−35.5%£179m
VGVAVanguard UK Gilt UCITS ETF Acc Unhedged GBPVanguardIE00BH04GW44ETFISASIPP0.05%+2.2%−14.2%−33.1%£179m
GLTSSSgA SPDR ETFs Europe I Plc - Blmb. 1-5 Yr Gilt UCITS ETF GBPSPDRIE00B6YX5K17ETFISASIPP0.15%+1.8%+5.6%−17.6%£177m
U71GAmundi US Treasury Bond 7-10Y UCITS ETF -Dist- DistributionAmundiLU1407888053ETFISASIPP0.07%−3.2%−5.6%−26.3%£175m
IESPiShares Spain Govt Bond UCITS ETFiSharesIE00B428Z604ETFISASIPP0.20%−8.0%−18.0%−36.0%£170m
XUTGXtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- CapitalisationXtrackersLU2610432036ETFISASIPPNot published−0.1%Not availableNot available£169m
0ACOiShares USD TIPS 0-5 UCITS ETF Hedged EURiSharesIE000WIQIPT2ETFISASIPP0.12%−4.5%Not availableNot available£164m
0DZ5Xtrackers II iBoxx Eurozone Government Bond Yield Plus 1-3XtrackersLU0925589839ETFISASIPP0.15%−4.5%+2.2%−20.2%£159m
0DO0Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF -1C - EUR Hedged- CapitalisationXtrackersLU0321462953ETFISASIPP0.40%−4.8%−6.2%−26.8%£159m
XGLUXtrackers II Eurozone Government Bond UCITS ETF 2C-USD Hedged CapitalisationXtrackersLU2009147591ETFISASIPP0.20%−2.2%+3.2%−19.5%£158m
TIPAMulti Units Luxembourg SICAV - Amundi US TIPS -C-USD- CapitalisationAmundiLU1452600197ETFISASIPP0.09%−2.1%−1.1%−22.8%£157m
GLTAInvesco Markets II PLC - UK GILTS UCITS ETF AccumGBPInvescoIE00BG0TQD32ETFISASIPP0.06%+0.6%−23.1%−40.0%£156m
0W7QDeka Deutsche Boerse EUROGOV Germany 5-10 UCITS ETFDekaDE000ETFL201ETFISASIPP0.15%Not available−18.3%−36.2%£154m
0MLYiShares eb.rexx Government Germany 1.5-2.5yr UCITS ETF (DE) EUR (Dist) AnteileiSharesDE0006289473ETFISASIPP0.18%−4.4%−0.6%−22.4%£150m
SAAAiShares Global AAA-AA Govt Bond UCITS ETFiSharesIE00B87G8S03ETFISASIPP0.20%−3.2%−13.2%−32.2%£148m
0E79Amundi Italy BTP Government Bond 1-3Y UCITS ETF D Shs -Acc- CapitalisationAmundiLU1598691050ETFISASIPP0.17%−4.2%+3.4%−19.3%£144m
EGBDBNP Paribas Easy SICAV - ESG Enhanced EUR Government Bond -UCITS ETF- CapitalisationBNP ParibasLU2697597552ETFISASIPP0.13%−6.6%Not availableNot available£142m
020YiShares EUR Govt Bond 20 Year Target Duration UCITS ETFiSharesIE00BSKRJX20ETFISASIPP0.15%−11.2%−46.4%−58.2%£134m
0H9UXtrackers II Global Government Bond UCITS ETF AccXtrackersLU0641006613ETFISASIPP0.25%−7.9%−11.7%−31.1%£129m
CBGAiShares USD Treasury Bond 3-7yr UCITS ETF Accum Hedged GBPiSharesIE0000U2ASV9ETFISASIPP0.10%+0.1%Not availableNot available£127m
0HFIUBS (Lux) Fund Solutions - UBS Core BBG TIPS 1-10 UCITS ETF -hCHF acc- CapitalisationUBSLU1459802168ETFISASIPP0.10%−7.1%−1.4%−23.1%£124m
UBTPUBS (LUX) Fund Sol - UBS Core BBG TIPS 1-10 UCITS ETF -hGBP acc- CapitalisationUBSLU1459801947ETFISASIPP0.10%+0.5%+4.4%−18.5%£124m
U13GAmundi US Treasury Bond 1-3Y UCITS ETF -Dist- DistributionAmundiLU1407887162ETFISASIPP0.07%0.0%+11.8%−12.7%£116m
XUT3Xtrackers II IBOXX USD TREASURIES 1-3 UCITS ETF (DR) Distribution 1DXtrackersLU0429458895ETFISASIPP0.07%+0.4%+11.8%−12.8%£112m
EII1UBS Core BBG Euro Inflation Linked Bond 1-10 UCITS ETF Shs -(EUR) A-acc- CapitalisationUBSLU1645380442ETFISASIPP0.09%−3.0%Not availableNot available£108m
TRAGInvesco US Treasury Bond UCITS ETF Accum USDInvescoIE00BF2GFJ42ETFISASIPP0.06%−2.0%Not availableNot available£104m
J13UJPMorgan ETFs (Ireland) ICAV - BetaBuilders US Treasury Bond 1-3 yr UCITS ETF USDJPMorganIE00BD9MMD49ETFISASIPP0.10%0.0%+11.7%−12.8%£103m
VUDSVanguard U.S. Treasury 1-3 Year Bond UCITS ETF Acc - USDVanguardIE000H3Q3AF6ETFISASIPP0.13%−0.2%Not availableNot available£101m
LUTRSSgA SPDR ETFs Europe I Plc - Blm.10+ Yr. US Treas, Bd. ETF USDSPDRIE00BYSZ5V04ETFISASIPP0.05%−5.0%−29.4%−44.9%£99.4m
0DXYXtrackers II Global Government Bond UCITS ETF DistXtrackersLU0690964092ETFISASIPP0.25%−6.8%−15.3%−33.9%£98.0m
XGIUXtrackers II Global Inflation-Linked Bond UCITS ETF AccXtrackersLU0908508814ETFISASIPP0.20%−1.7%−14.4%−33.2%£96.4m
HJGBHSBC Global Funds ICAV - Japan Government Bond UCITS ETFHSBCIE000DKL1700ETFISASIPP0.07%−3.0%Not availableNot available£96.3m
UBTLUBS (Lux) Fund Solutions - UBS BBG TIPS 10+ UCITS ETF Adis- DistributionUBSLU1459802754ETFISASIPP0.10%−15.2%−32.6%−47.4%£95.0m
ITPAiShares USD TIPS UCITS ETF Accum- Hedge GBPiSharesIE000B3NURO6ETFISASIPP0.12%−0.4%Not availableNot available£94.4m
TR3GInvesco US Treasury Bond 1-3 Year UCITS ETFInvescoIE00BF2FNG46ETFISASIPP0.06%+0.1%+12.1%−12.5%£91.9m
TRS5State Street SPDR Bloomberg 3-7 Year U.S. Treasury Bond UCITS ETF USDSPDRIE00BYSZ5R67ETFISASIPP0.15%−1.6%+3.0%−19.6%£86.0m
JGOVGlobal Government Bond Active UCITS ETF AccumUnhedged USDJPMorganIE000JS4ANL9ETFISASIPP0.53%−3.5%Not availableNot available£85.7m
HEGBHSBC Global Funds ICAV - Euro Government Bond UCITS ETFHSBCIE00066KZ5B5ETFISASIPP0.06%−5.6%Not availableNot available£84.7m
IDGAiShares USD Treasury Bond 20+yr UCITS ETF 1AccumHedged GBPiSharesIE0006NB6WZ4ETFISASIPP0.10%−4.0%Not availableNot available£84.2m
TR7GInvesco US Treasury Bond 3-7 Year UCITS ETFInvescoIE00BF2FNQ44ETFISASIPP0.06%−2.0%+3.5%−19.2%£83.3m
0W7NDeka Deutsche Boerse EUROGOV Germany UCITS ETFDekaDE000ETFL177ETFISASIPP0.20%−5.4%−12.0%−31.3%£80.3m
U10CAmundi US Treasury Bond Long Dated UCITS ETF Acc- CapitalisationAmundiLU1407890547ETFISASIPP0.07%−5.1%−30.5%−45.7%£80.1m
SBEGUBS BBG USD EM Sovereign UCITS ETF -hGBP dis- DistributionUBSLU1324516480ETFISASIPP0.28%+2.9%+7.1%−16.4%£78.6m
0W7KDeka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETFDekaDE000ETFL144ETFISASIPP0.20%−6.6%−14.4%−33.2%£77.5m
GILEiShares Global Inflation Linked Govt Bond UCITS ETF EUR Hedged DistiSharesIE00BD8PH174ETFISASIPP0.25%−5.7%−20.8%−38.2%£77.3m
GILIAmundi UK Government Inflation-Linked Bond UCITS ETFAmundiLU1407893301ETFISASIPP0.07%+2.5%−39.0%−52.4%£75.9m
0H8QXtrackers II Germany Government Bond UCITS ETFXtrackersLU0468896575ETFISASIPP0.15%−5.8%−17.3%−35.5%£72.5m

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.

All index pages

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.