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 301–319 of 319 government bond funds, ordered by fund size, largest first. An order is not a ranking of quality.
| Fund | Charge | Size |
|---|---|---|
| MUKLM&G UK Index-Linked Gilts Active UCITS ETFM&GIE000KEV0H41ETFISASIPP | 0.15% | Not available |
| MUSPM&G US Treasury Bond Active UCITS ETF AccumUSDM&GIE0000DO92H7ETFISASIPP | 0.15% | Not available |
| MGILM&G UK Gilts Active UCITS ETF Accum- GBPM&GIE000PTM74B6ETFISASIPP | 0.15% | Not available |
| GOVSPIMCO Advantage Global Government Bond UCITS ETF - Hedged GBPPIMCOIE000J46YVX2ETFISASIPP | 0.44% | Not available |
| Vanguard Euro Government Bond Index FundVanguardIE00BFRTD722OEICISASIPP | 0.12% | Not available |
| Vanguard Global Government Bond Index Fund GBP Hedged AccVanguardIE000SS2Y1K0OEICISASIPP | 0.14% | Not available |
| Vanguard Global Government Bond Index Fund GBP Hedged IncVanguardIE000UWCCDB4OEICISASIPP | 0.14% | Not available |
| Vanguard Japan Government Bond Index FundVanguardIE00BFRTD946OEICISASIPP | 0.12% | Not available |
| Vanguard U.K. Government Bond Index Fund AccVanguardIE00B1S75374OEICISASIPP | 0.12% | Not available |
| Vanguard U.K. Government Bond Index Fund IncVanguardIE00B1S75820OEICISASIPP | 0.12% | Not available |
| Vanguard U.K. Inflation-Linked Gilt Index Fund IncVanguardGB00B467FS56OEICISASIPP | 0.12% | Not available |
| Vanguard U.K. Inflation-Linked Gilt Index Fund AccVanguardGB00B45Q9038OEICISASIPP | 0.12% | Not available |
| Vanguard U.K. Long Duration Gilt Index Fund IncVanguardGB00B44DQC62OEICISASIPP | 0.12% | Not available |
| Vanguard U.K. Long Duration Gilt Index Fund AccVanguardGB00B4M89245OEICISASIPP | 0.12% | Not available |
| Vanguard U.K. Short-Term Gilt Index Fund AccVanguardIE000I6LIW80OEICISASIPP | 0.12% | Not available |
| Vanguard U.K. Short-Term Gilt Index Fund IncVanguardIE000OVUGSX4OEICISASIPP | 0.12% | Not available |
| Vanguard U.S. Government Bond Index Fund GBP Hedged AccVanguardIE00BFRTDB69OEICISASIPP | 0.12% | Not available |
| Vanguard U.S. Government Bond Index Fund GBP Hedged IncVanguardIE00BDD0SS10OEICISASIPP | 0.12% | Not available |
| Xtrackers II Global Inflation-Linked Bond UCITS ETF CHF HedgedXtrackersLU0641007421ETFISASIPP | 0.25% | 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.