# Goldman Sachs Access China Government Bond UCITS ETF USD (CBGB) **Page:** https://fundology.uk/fund/cbgb · ISIN IE00BJSBCS90 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, CBGB (Goldman Sachs Access China Government Bond UCITS ETF USD, ISIN IE00BJSBCS90) closed at £43.85 on the London Stock Exchange. Its ongoing charge is 0.24% a year (about £24 on £10,000). Over the five years to 13/11/2026 its total return was +11.0%, or −13.3% after UK CPIH inflation. ## Summary Goldman Sachs Access China Government Bond UCITS ETF USD is an exchange-traded fund (ETF) from Goldman Sachs, launched in 2019. It tracks the FTSE Goldman Sachs China Government Bond Index - CNY — the price of gold. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.24% a year — about £24 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£43.85** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | CBGB | | ISIN | IE00BJSBCS90 | | Also listed as | CBND (London Stock Exchange, US dollars), GASF (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | Goldman Sachs | | Tracks | FTSE Goldman Sachs China Government Bond Index - CNY | | Income | Distributing | | Ongoing charge | 0.24% a year (£24 per £10,000) | | Fund size | £37.5m | | Launched | 2019 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 23/09/2019 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +8.46% | +4.62% | income reinvested | | 3 years | +8.08% | -2.35% | income reinvested | | 5 years | +11.03% | -13.33% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Goldman Sachs Access China Government Bond UCITS ETF USD in pounds (price only, income paid out not included): 2023 −6.7%, 2024 +5.1%, 2025 −5.5%; 2026 to 13/11/2026 +7.2%. Returns of Goldman Sachs Access China Government Bond UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +8.4%; to 30/09/2025: −1.8%; to 30/09/2024: −1.7%; to 30/09/2023: −10.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | -6.7% | -10.4% | Price | | 2024 | +5.1% | +1.5% | Price | | 2025 | -5.5% | -8.8% | Price | | 2026 to 13/11/2026 | +7.2% | +3.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 4.89% | -2.39% | | 3 years | 5.79% | -9.82% | ## Largest fall Volatility of Goldman Sachs Access China Government Bond UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 4.9% over 1 year, 5.8% over 3 years. Largest fall in the price of Goldman Sachs Access China Government Bond UCITS ETF USD since February 2022, in pounds: −16.0% from 23/09/2022 to 27/06/2025. The lowest 12-month return of Goldman Sachs Access China Government Bond UCITS ETF USD in pounds (price only, income paid out not included) since February 2022 was −13.4% (12 months to 14/07/2023); the highest was +9.2% (12 months to 02/10/2026). On 13/11/2026 the price of Goldman Sachs Access China Government Bond UCITS ETF USD was 7.1% below its highest weekly close since February 2022 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of Goldman Sachs Access China Government Bond UCITS ETF USD 0.24% a year. Compared on 14/11/2026, 47 of the 311 other government bond funds charge more, 1 the same and 263 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.24%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of CBGB?** The ongoing charge of CBGB is 0.24% a year — about £24 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Goldman Sachs Access China Government Bond UCITS ETF USD 0.24% a year. Compared on 14/11/2026, 47 of the 311 other government bond funds charge more, 1 the same and 263 less (share classes counted once). **What does CBGB track?** CBGB tracks the FTSE Goldman Sachs China Government Bond Index - CNY — the price of gold. **Is CBGB accumulating or distributing?** CBGB is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of CBGB?** The ISIN of CBGB is IE00BJSBCS90. An ISIN identifies one exact share class of a fund; CBGB is its ticker on the London Stock Exchange. The same share class is also listed as CBND (London Stock Exchange, US dollars) and GASF (Xetra, euros). **What were CBGB’s returns in each of the last five years?** Calendar-year returns of CBGB in pounds (price only, income paid out not included): 2023 −6.7%, 2024 +5.1%, 2025 −5.5%; 2026 to 13/11/2026 +7.2%. Past performance is not a guide to future returns. **How has CBGB done after inflation?** Over the five years to 13/11/2026 CBGB’s total return was +11.0%, or −13.3% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.