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 241–300 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 |
|---|---|---|---|---|---|
| IT27Ishares Ibonds Dec 2027 Term USD Treasury Ucits ETF AccumUSDiSharesIE0004OYBZA6ETFISASIPP | 0.13% | +1.2% | Not available | Not available | £17.0m |
| XGLBXtrackers II Eurozone Government Bond UCITS ETF -2D Hedged- DistributionXtrackersLU2523866023ETFISASIPP | 0.20% | −0.4% | Not available | Not available | £16.7m |
| XEMPXtrackers II J.P. Morgan EM Local Government Bond UCITS ETFXtrackersLU2158769930ETFISASIPP | 0.25% | +1.1% | Not available | Not available | £15.7m |
| TRLPInvesco US Treasury Bond 10+ Year UCITS ETF Accum- USDInvescoIE000GE4QIR1ETFISASIPP | 0.06% | −5.3% | Not available | Not available | £15.6m |
| GOVPiShares USD Treasury Bond UCITS ETF GBPiSharesIE00BKTN1T54ETFISASIPP | 0.10% | −4.0% | −19.8% | −37.4% | £14.4m |
| SEMHSSgA SPDR ETFs EUROPE II PLC - State Street SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF USDSPDRIE00BP46NG52ETFISASIPP | 0.42% | −4.6% | −1.5% | −23.1% | £13.4m |
| 0E7QUBS BBG Euro Inflation Linked 10+ UCITS ETF -EUR dis- DistributionUBSLU1645381689ETFISASIPP | 0.10% | −8.9% | −26.7% | −42.8% | £12.7m |
| TRSXState Street SPDR Bloomberg 7-10 Year U.S. Treasury Bond UCITS ETF USDSPDRIE00BYSZ5T81ETFISASIPP | 0.05% | −2.8% | −5.9% | −26.5% | £12.0m |
| J13EJPMorgan ETFs (Ireland) ICAV - Betabuilders Eur Govt Bond 1-3 Yr UCITS ETF EURJPMorganIE00BYVZV757ETFISASIPP | 0.10% | −4.5% | +1.2% | −21.0% | £12.0m |
| XGEPXtrackers II Eurozone Government Bond 3-5 UCITS ETF 2D GBP Hedged DistributionXtrackersLU2606231418ETFISASIPP | 0.20% | +0.7% | Not available | Not available | £11.4m |
| VDTSVanguard USD Treasury Bond UCITS ETF Hedged GBPVanguardIE000S0PSP47ETFISASIPP | 0.08% | −0.1% | Not available | Not available | £10.1m |
| TLTIIncomeShares 20+ Year Treasury (TLT) Options ETPIncomeSharesXS3068771271ETPISASIPP | 0.55% | −0.4% | Not available | Not available | £10.1m |
| PRITAmundi Core US Treasury Bond UCITS ETF Dist- DistributionAmundiLU1931975319ETFISASIPP | 0.05% | −2.1% | −2.0% | −23.5% | £8.7m |
| 0DUXXtrackers II Target Maturity Sept 2029 Italy and Spain Government Bond UCITS ETF 1C CapitalisationXtrackersLU0484969463ETFISASIPP | 0.13% | −4.7% | −14.4% | −33.2% | £8.6m |
| IGAAiShares Emerging Asia Local Govt Bond UCITS ETFiSharesIE00BFM6T814ETFISASIPP | 0.45% | −1.5% | +4.3% | −18.6% | £8.6m |
| U13EAmundi US Treasury Bond 1-3Y UCITS ETF -Monthly Hedged to GBP- DistributionAmundiLU1407887675ETFISASIPP | 0.06% | −0.8% | Not available | Not available | £7.0m |
| TIPXState Street SPDR Bloomberg U.S. TIPS UCITS ETF Accum USDSPDRIE00090GHHQ4ETFISASIPP | 0.05% | Not available | Not available | Not available | £6.5m |
| JMBPJPMorgan ETFs (IE) ICAV - USD EM Sov. Bd. UCITS ETF GBP Hedged DistJPMorganIE00BJLTWS02ETFISASIPP | 0.39% | +1.8% | +1.8% | −20.6% | £6.3m |
| VGGUVanguard Global Government Bond UCITS ETF Accum-Hedged- USDVanguardIE0006YIB0U2ETFISASIPP | 0.10% | −1.8% | Not available | Not available | £6.3m |
| GGVTGoldman Sachs Global Government Bond Active UCITS ETF Hedged GBPGoldman SachsIE000UU89RZ0ETFISASIPP | 0.20% | Not available | Not available | Not available | £5.0m |
| GILHMulti Units Luxembourg SICAV - Amundi Core UK Government Bond Capitalisation UCITS ETF HedgedAmundiLU3019781460ETFISASIPP | 0.07% | Not available | Not available | Not available | £3.8m |
| XUT7Xtrackers II US Treasuries 3-7 UCITS ETF -1D- DistributionXtrackersLU2662649503ETFISASIPP | 0.06% | −1.6% | Not available | Not available | £3.1m |
| XUTLXtrackers II US Treasuries 10+ UCITS ETF -1D- DistributionXtrackersLU2662649412ETFISASIPP | 0.06% | −5.4% | Not available | Not available | £2.9m |
| VGGPVanguard Global Government Bond UCITS ETF -Hedged- GBPVanguardIE000A2E14U6ETFISASIPP | 0.10% | −0.1% | Not available | Not available | £2.7m |
| U37HAmundi US Treasury Bond 3-7Y UCITS ETF -Monthly Hedged to GBP - Dist- DistributionAmundiLU1407889457ETFISASIPP | 0.06% | −3.2% | Not available | Not available | £2.4m |
| XU10Xtrackers II US Treasuries 7-10 UCITS ETF -1D- DistributionXtrackersLU2662649685ETFISASIPP | 0.06% | −2.9% | Not available | Not available | £2.4m |
| JGVGGlobal Government Bond Active UCITS ETF Hedged GBPJPMorganIE000CJUN9X7ETFISASIPP | 0.54% | +0.1% | Not available | Not available | £2.3m |
| JGAVGlobal Government Bond Active UCITS ETF AccumHedged USDJPMorganIE000WFXD0F2ETFISASIPP | 0.53% | −1.7% | Not available | Not available | £2.2m |
| VUDYVanguard U.S. Treasury 1-3 Year Bond UCITS ETF -USDVanguardIE000GU6MFI0ETFISASIPP | 0.13% | −0.2% | Not available | Not available | £2.2m |
| XBUSXtrackers II Germany Government Bond UCITS ETF 2C-USD Hedged- CapitalisationXtrackersLU2523866379ETFISASIPP | 0.20% | −1.2% | Not available | Not available | £1.9m |
| JGVUGlobal Government Bond Active UCITS ETF Unhedged USDJPMorganIE0005NMTKY4ETFISASIPP | 0.53% | −1.5% | Not available | Not available | £1.9m |
| XZWSXtrackers II ESG Global Government Bond UCITS ETF -2D - GBP Hedged- DistributionXtrackersLU2385068247ETFISASIPP | 0.25% | −0.3% | Not available | Not available | £1.9m |
| VLDPVanguard U.S. Treasury 7-10 Year Bond UCITS ETF USDVanguardIE000U882CN5ETFISASIPP | 0.06% | −3.0% | Not available | Not available | £1.6m |
| VITDVanguard U.S. Treasury 3-7 Year Bond UCITS ETF USDVanguardIE000128BSS1ETFISASIPP | 0.05% | −2.1% | Not available | Not available | £1.6m |
| TRAYSSgA SPDR ETFs Europe I Plc - Blm. U.S. Treas. Bd. UCITS ETFSPDRIE000QB5HJC8ETFISASIPP | 0.05% | Not available | Not available | Not available | £1.5m |
| GOVDAmundi Global Government Bond UCITS ETF-USD- DistributionAmundiLU2099288503ETFISASIPP | 0.09% | −4.6% | −2.7% | −24.1% | £1.1m |
| FGOVFirst Trust Low Duration Global Government Bond UCITS ETF B Hedged GBPFirst TrustIE00BKS2X200ETFISASIPP | 0.45% | +2.3% | +7.6% | −16.0% | £1.0m |
| GGGDInvesco Global Government Bond UCITS ETF -PFHDG- GBPInvescoIE000GXS8PV9ETFISASIPP | 0.12% | Not available | Not available | Not available | £1.0m |
| FRGPiShares France Govt Bond UCITS ETF Hedged GBPiSharesIE00014E9P24ETFISASIPP | 0.22% | −2.5% | Not available | Not available | £980k |
| TRAXSSgA SPDR ETFs Europe I Plc - Blm. 7-10 Yr. US Trea. Bd. ETFSPDRIE000K22VCJ6ETFISASIPP | 0.06% | Not available | Not available | Not available | £970k |
| HUSTHSBC Global Funds ICAV US Treasury Bond UCITS ETFHSBCIE000D2UDLG6ETFISASIPP | 0.06% | 0.0% | Not available | Not available | £900k |
| XGEDXtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- CapitalisationXtrackersLU2606231335ETFISASIPP | 0.20% | −1.0% | Not available | Not available | £800k |
| XJ2DXtrackers II JAPAN GOVERNMENT BOND UCITS ETF -2D GBP Hedged- DistributionXtrackersLU3003218958ETFISASIPP | 0.20% | −0.9% | Not available | Not available | £760k |
| MTHGAmundi Euro Government Bond 25+Y -UCITS ETF- DistributionAmundiLU2891728078ETFISASIPP | 0.09% | −4.0% | Not available | Not available | £760k |
| SPEHiShares Spain Govt Bond UCITS ETF AcciSharesIE00BFMM8Y81ETFISASIPP | 0.23% | −0.7% | −0.2% | −22.1% | £730k |
| TRA5SSgA SPDR ETFs Europe I Plc - Blmb. 3-7 Year U.S. Tre. Bd. Accum USDSPDRIE000191HKF0ETFISASIPP | 0.05% | Not available | Not available | Not available | £680k |
| HGVGHSBC Global Funds ICAV - Global Government Bond UCITS ETF -ETFSH- GBPHSBCIE000Q7EQ7R4ETFISASIPP | 0.10% | +2.0% | Not available | Not available | £620k |
| SPPBiShares Spain Govt Bond UCITS ETF -HEDGED- GBPiSharesIE000Q4EBLW2ETFISASIPP | 0.22% | +1.4% | Not available | Not available | £620k |
| FGGPFidelity Global Government Bond Climate Aware Ucits ETFFidelityIE000IF0HTJ9ETFISASIPP | 0.20% | −4.2% | Not available | Not available | £620k |
| MTHUAmundi Euro Government Bond 25+Y UCITS ETF USD HEDGED Acc CapitalisationAmundiLU2891727930ETFISASIPP | 0.09% | −5.9% | Not available | Not available | £540k |
| ITEBiShares Italy Govt Bond UCITS ETF Hedged GBPiSharesIE0003V00UC4ETFISASIPP | 0.22% | −0.2% | Not available | Not available | £510k |
| HCGGChina Government Local Bond UCITS ETF Accum-ETFSHGBP- GBPHSBCIE0009PACXU3ETFISASIPP | 0.60% | +6.3% | Not available | Not available | £490k |
| XE5GXtrackers II Eurozone Government Bond 5-7 UCITS ETF -1D GBP Hedged- DistributionXtrackersLU3003217984ETFISASIPP | 0.20% | −0.4% | Not available | Not available | £460k |
| HSGUHSBC Global Funds ICAV - Global ESG Government Bond UCITS ETF Acc -ETFCH- USDHSBCIE000NOLCFO5ETFISASIPP | 0.15% | −1.8% | Not available | Not available | £440k |
| ITEHiShares Italy Govt Bond UCITS ETF USD Hedged AcciSharesIE00BFMM9235ETFISASIPP | 0.22% | −1.7% | +4.9% | −18.1% | £410k |
| IGBDIshares Broad Global Govt Bond UCITS ETF AccumUSDiSharesIE000I0U8OO3ETFISASIPP | 0.11% | −0.9% | Not available | Not available | £400k |
| GOVTGoldman Sachs Global Government Bond Active UCITS ETF AccumUSDGoldman SachsIE000JQ3ELQ8ETFISASIPP | 0.20% | Not available | Not available | Not available | £330k |
| HSGGHSBC Global Funds ICAV - Global ESG Government Bond UCITS ETF -ETFSHGBP- GBPHSBCIE000VYC5HU2ETFISASIPP | 0.15% | +1.3% | Not available | Not available | £330k |
| HCGUChina Government Local Bond UCITS ETF Accum-ETFCH- USDHSBCIE0004A007J3ETFISASIPP | 0.60% | +3.6% | Not available | Not available | £250k |
| GSOVFranklin Sustainable Euro Green Sovereign UCITS ETF AccumEURFranklinIE000P0R7WK6ETFISASIPP | 0.18% | −5.3% | Not available | Not available | Not available |
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.