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 181–240 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 |
|---|---|---|---|---|---|
| PRIGAmundi Prime Global Government Bond UCITS ETF DR DistributionAmundiLU1931975236ETFISASIPP | 0.07% | −4.0% | −13.9% | −32.8% | £72.2m |
| VGEDVanguard EUR Eurozone Government Bond UCITS ETF Accum- Hedged USDVanguardIE00BH04GM46ETFISASIPP | 0.10% | −1.8% | Not available | Not available | £67.6m |
| PRHGAmundi Index Solutions - Prime Glb Govt Bond UCITS ETF Hedge- DistributionAmundiLU2977996904ETFISASIPP | 0.09% | 0.0% | Not available | Not available | £66.9m |
| XGB4Xtrackers II Global Government Bond UCITS ETF -4D- DistributionXtrackersLU3284391318ETFISASIPP | 0.20% | Not available | Not available | Not available | £66.9m |
| TRGBInvesco US Treasury Bond UCITS ETF GBP HedgedInvescoIE00BF2GFM70ETFISASIPP | 0.10% | −0.1% | −6.0% | −26.6% | £66.3m |
| UH10Amundi US Treasury Bond Long Dated UCITS ETF GBP Hedged DistAmundiLU1407891271ETFISASIPP | 0.10% | −6.6% | Not available | Not available | £64.3m |
| HCGBChina Government Local Bond UCITS ETF Accum-ETFC- USDHSBCIE000N5JOGS2ETFISASIPP | 0.60% | +8.0% | Not available | Not available | £62.5m |
| T3GBInvesco US Treasury Bond 1-3 Year UCITS ETF GBP HedgedInvescoIE00BF2FNL98ETFISASIPP | 0.10% | +2.1% | +8.6% | −15.2% | £62.3m |
| SEGPiShares EURGovt Bond Climate UCITS ETF AccumHedged GBPiSharesIE000M9FJ295ETFISASIPP | 0.12% | −0.3% | Not available | Not available | £60.0m |
| JGGVGlobal Government Bond Active UCITS ETF AccumHedged GBPJPMorganIE000TWNMI25ETFISASIPP | 0.54% | 0.0% | Not available | Not available | £59.0m |
| TSY3State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF Shs USDSPDRIE00BC7GZJ81ETFISASIPP | 0.18% | +0.1% | +11.7% | −12.8% | £56.6m |
| LIOGL&G LSF African Government Bond (USD) UCITS ETF USD DistributingL&GIE000MJ79846ETFISASIPP | Not published | Not available | Not available | Not available | £55.3m |
| UBTAUBS BBG TIPS 10+ UCITS ETF -A-acc- CapitalisationUBSLU1459802838ETFISASIPP | Not published | −4.0% | Not available | Not available | £53.8m |
| VGGSVanguard Global Government Bond UCITS ETF Accum-Hedged- GBPVanguardIE000AI6QNJ5ETFISASIPP | 0.10% | +0.8% | Not available | Not available | £51.2m |
| U37GMulti Units Luxembourg SICAV - Amundi US Treasury Bond 3-7Y UCITS ETF -Dist- DistributionAmundiLU1407888996ETFISASIPP | 0.06% | −2.1% | +3.3% | −19.3% | £50.8m |
| PEMDInvesco Emerging Markets USD Bond UCITS ETFInvescoIE00BF51K132ETFISASIPP | 0.25% | −0.8% | +10.4% | −13.8% | £50.7m |
| JEEGJpmorgan ETFs Ireland ICAV - EUR Government Bond Active UCITS ETF Unhedged EURJPMorganIE00081SF8K7ETFISASIPP | 0.17% | −6.5% | Not available | Not available | £50.7m |
| 0W7PDeka Deutsche Boerse EUROGOV Germany 3-5 UCITS ETFDekaDE000ETFL193ETFISASIPP | 0.20% | −5.3% | −9.0% | −29.0% | £49.5m |
| TRXXInvesco US Treasury Bond 7-10 Year UCITS ETF Accum- USDInvescoIE00BF2FN752ETFISASIPP | 0.06% | −3.0% | Not available | Not available | £49.0m |
| GISGAmundi Global Gov Inflation-Linked Bond 1-10y UCITS ETFAmundiLU1910940425ETFISASIPP | 0.20% | +1.6% | +7.3% | −16.3% | £47.8m |
| JPBMJPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETFJPMorganIE00BDFC6G93ETFISASIPP | 0.39% | −0.2% | +6.9% | −16.6% | £47.1m |
| TRLGInvesco US Treasury Bond 10+ Year UCITS ETF Hedged GBPInvescoIE00BKWD3859ETFISASIPP | 0.13% | −3.4% | Not available | Not available | £45.2m |
| 0MM9iShares eb.rexx Government Germany 10.5+ UCITS ETF (DE)iSharesDE000A0D8Q31ETFISASIPP | 0.16% | −8.0% | −38.6% | −52.1% | £44.7m |
| LEMBAmundi Index Solutions - USD Emerging Markets Government BondAmundiLU1686830909ETFISASIPP | 0.30% | −0.6% | +3.8% | −19.0% | £43.3m |
| XCS2Xtrackers II AUSTRALIA GOVERNMENT BONDS UCITS ETF (DR) Capitalisation 1CXtrackersLU0494592974ETFISASIPP | 0.25% | +4.7% | −8.7% | −28.8% | £42.2m |
| JMABJPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF AccJPMorganIE00BJ06C937ETFISASIPP | 0.39% | −0.1% | +7.1% | −16.4% | £41.9m |
| T10AUBS BBG TIPS 10+ UCITS ETF -(hedged to GBP) A-acc- CapitalisationUBSLU1459803216ETFISASIPP | Not published | −4.4% | Not available | Not available | £41.2m |
| MEXPFinamex Mexico International Sovereign Bond 5-10yr UCITS ETF AccumUSDHANetfIE000RI14ZD9ETFISASIPP | 0.55% | −1.7% | Not available | Not available | £40.5m |
| XIGBXtrackers India Government Bond UCITS ETF Accum-1C- USDXtrackersIE000QVYFUT7ETFISASIPP | 0.52% | −4.4% | Not available | Not available | £40.0m |
| X7GBXtrackers II Eurozone Government Bond 7-10 UCITS ETF -1D Hedged- DistributionXtrackersLU2523865728ETFISASIPP | 0.20% | −1.0% | Not available | Not available | £39.8m |
| TR7XInvesco US Treasury Bond 3-7 Year UCITS ETF AccumUSDInvescoIE00BF2FNR50ETFISASIPP | 0.06% | −2.0% | Not available | Not available | £37.6m |
| CBGBGoldman Sachs Access China Government Bond UCITS ETF USDGoldman SachsIE00BJSBCS90ETFISASIPP | 0.24% | +7.3% | +11.1% | −13.3% | £37.0m |
| GTBGAmundi Global Treasury Bond -Ucits ETF Hedged- DistributionAmundiLU2977964027ETFISASIPP | 0.14% | +0.6% | Not available | Not available | £36.4m |
| XG7UXtrackers II Global Inflation-Linked Bond UCITS ETF USD Hedged AccXtrackersLU0641007009ETFISASIPP | 0.25% | −1.0% | −9.5% | −29.3% | £36.1m |
| G10GBNP Paribas Easy SICAV - JPM Tilted EMU Government Bond IG 10Y+ -UCITS ETF- CapitalisationBNP ParibasLU2742533636ETFISASIPP | 0.15% | −9.3% | Not available | Not available | £36.0m |
| 0W7RDeka Deutsche Boerse EUROGOV Germany 10+ UCITS ETFDekaDE000ETFL219ETFISASIPP | 0.15% | −8.8% | −42.7% | −55.3% | £34.1m |
| JG15JPMorgan ETFs (Ireland) ICAV - BetaBuilders UK Gilt 1-5 yr UCITS ETF GBPJPMorganIE00BD9MMC32ETFISASIPP | 0.07% | +1.8% | +5.6% | −17.6% | £33.4m |
| JGBGiShares Japan Govt Bond UCITS ETF AccumHedged GBPiSharesIE000NQ9GTW5ETFISASIPP | 0.09% | +0.1% | Not available | Not available | £32.9m |
| U71HAmundi US Treasury Bond 7-10Y UCITS ETF GBP Hedged DistributionAmundiLU1407888483ETFISASIPP | 0.09% | −5.2% | Not available | Not available | £32.3m |
| SGEAiShares Emerging Asia Local Govt Bond UCITS ETF USDiSharesIE00B6QGFW01ETFISASIPP | 0.45% | −1.8% | +4.5% | −18.4% | £31.4m |
| BBRTBetaBuilders US Treasury Bond UCITS ETF Accum USDJPMorganIE00BJK9HH50ETFISASIPP | 0.18% | −1.7% | −3.4% | −24.6% | £30.1m |
| XUS1Xtrackers II US Treasuries 1-3 UCITS ETF Shs 1C CapitalisationXtrackersLU1920015523ETFISASIPP | 0.07% | +0.4% | Not available | Not available | £29.6m |
| GAAAiShares Global AAA-AA Govt Bond UCITS ETF AcciSharesIE00BZ171348ETFISASIPP | 0.20% | −2.9% | −13.4% | −32.4% | £28.0m |
| GISTAmundi Global Government Inflation Linked Bond 1-10Y -USD- DistributionAmundiLU1910939849ETFISASIPP | 0.09% | −1.2% | +5.3% | −17.8% | £26.5m |
| TRLXInvesco US Treasury Bond 10+ Year UCITS ETF USDInvescoIE00BKWD3743ETFISASIPP | 0.06% | −5.3% | Not available | Not available | £26.1m |
| HGVUHsbc Global Government Bond Ucits ETFHSBCIE0006NCFSW9ETFISASIPP | 0.10% | −1.3% | Not available | Not available | £25.6m |
| AEMHAmundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- CapitalisationAmundiLU3307281595ETFISASIPP | 0.45% | Not available | Not available | Not available | £24.3m |
| T10GUBS (Lux) Fund Solutions - UBS BBG TIPS 10+ UCITS ETF -(hedged to GBP) A-dis- DistributionUBSLU1459803133ETFISASIPP | 0.10% | −5.8% | −38.7% | −52.1% | £23.4m |
| XBGBXtrackers II Germany Government Bond UCITS ETF -2D-GBP Hedged- DistributionXtrackersLU2523866296ETFISASIPP | 0.20% | +0.5% | Not available | Not available | £22.9m |
| 0HEPUBS (Lux) Fund Solutions - UBS Core BBG US Treasury 1-3 UCITS ETF -hEUR dis- DistributionUBSLU1324510525ETFISASIPP | 0.10% | −4.4% | −1.9% | −23.4% | £21.6m |
| TRA3State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF AccumUSDSPDRIE000ZMFFPP4ETFISASIPP | 0.08% | Not available | Not available | Not available | £21.2m |
| GOVGAmundi Core Global Government Bond UCITS ETF GBP Hedged DistAmundiLU2355200796ETFISASIPP | 0.15% | −0.2% | +3.6% | −19.1% | £20.5m |
| 0W7IDeka iBoxx EUR Liquid Sovereign Diversified 1-3 UCITS ETFDekaDE000ETFL128ETFISASIPP | 0.20% | −4.6% | −3.1% | −24.4% | £20.1m |
| CGBXtrackers II HARVEST CSI CHINA SOVEREIGN BOND UCITS ETF (DR) Distribution 1DXtrackersLU1094612022ETFISASIPP | 0.21% | +7.6% | +13.8% | −11.2% | £19.2m |
| BBGEJPMorgan ETFs (Ireland) ICAV - BetaBuilders EUR Govt Bond UCITS ETF EUR (Acc)JPMorganIE00BJK9HD13ETFISASIPP | 0.10% | −7.7% | −14.6% | −33.3% | £19.2m |
| BBTPBetaBuilders US Treasury Bond UCITS ETF Accum Hedged GBPJPMorganIE00BK6Q9938ETFISASIPP | 0.21% | −0.2% | −6.7% | −27.1% | £18.9m |
| TR7SInvesco US Treasury Bond 3-7 Year UCITS ETF GBP HedgedInvescoIE00BF2GC043ETFISASIPP | 0.13% | 0.0% | −0.4% | −22.3% | £18.7m |
| VITSVanguard U.S. Treasury 3-7 Year Bond UCITS ETF Accum USDVanguardIE000VZ8BBU9ETFISASIPP | 0.05% | −2.1% | Not available | Not available | £18.3m |
| VLDSVanguard U.S. Treasury 7-10 Year Bond UCITS ETF AccumUSDVanguardIE000UXDT343ETFISASIPP | 0.06% | −3.0% | Not available | Not available | £18.1m |
| IT29Ishares Ibonds Dec 2029 Term USD Treasury Ucits ETF AccumUSDiSharesIE00055OM853ETFISASIPP | 0.13% | −0.7% | Not available | Not available | £18.1m |
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.