# Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP (FGGG) **Page:** https://fundology.uk/fund/fggg · ISIN IE000QVCP9S5 ## 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, FGGG (Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP, ISIN IE000QVCP9S5) closed at £5.48 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the three years to 13/11/2026 its total return was +3.5%, or −6.5% after UK CPIH inflation. ## Summary Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP is an exchange-traded fund (ETF) from Fidelity, launched in 2023. It tracks the Solactive Paris Aware Global Government USD Index - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£5.48** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | FGGG | | ISIN | IE000QVCP9S5 | | Category | Government bonds | | Type | ETF | | Provider | Fidelity | | Tracks | Solactive Paris Aware Global Government USD Index - Benchmark TR Gross | | Income | Accumulating | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £525m | | Launched | 2023 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 26/07/2023 | ## 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 | -0.38% | -3.91% | income reinvested | | 3 years | +3.54% | -6.46% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP in pounds (price, with income reinvested in the fund): 2024 +2.4%, 2025 +3.7%; 2026 to 13/11/2026 −0.5%. Returns of Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −0.9%; to 30/09/2025: +2.3%; to 30/09/2024: +9.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +2.4% | -1.1% | Price | | 2025 | +3.7% | +0.2% | Price | | 2026 to 13/11/2026 | -0.5% | -3.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 4.30% | -3.22% | | 3 years | 3.92% | -3.22% | ## Largest fall Volatility of Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP in pounds, annualised from weekly returns to 13/11/2026: 4.3% over 1 year, 3.9% over 3 years. Largest fall in the price of Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP since August 2023, in pounds: −3.2% from 27/02/2026 to 02/10/2026. The lowest 12-month return of Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) since August 2023 was −1.0% (12 months to 23/10/2026); the highest was +9.5% (12 months to 18/10/2024). On 13/11/2026 the price of Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP was 2.4% below its highest weekly close since August 2023 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once). ## Funds tracking the same index 2 funds track Solactive Paris Aware Global Government USD Index - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.25% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Fidelity Global Government Bond Climate Aware Ucits ETF | 0.20% | -4.5% | +0.1% | — | | Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP (this fund) | 0.25% | -0.4% | +3.5% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** 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 FGGG?** The ongoing charge of FGGG is 0.25% a year — about £25 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 Fidelity Ucits II ICAV - Fidelity Global Government Bond Climate Aware Ucits ETF AccumHedged GBP 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once). **What does FGGG track?** FGGG tracks the Solactive Paris Aware Global Government USD Index - Benchmark TR Gross. **Is FGGG accumulating or distributing?** FGGG is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of FGGG?** The ISIN of FGGG is IE000QVCP9S5. An ISIN identifies one exact share class of a fund; FGGG is its ticker on the London Stock Exchange. **What were FGGG’s returns in each of the last five years?** Calendar-year returns of FGGG in pounds (price, with income reinvested in the fund): 2024 +2.4%, 2025 +3.7%; 2026 to 13/11/2026 −0.5%. Past performance is not a guide to future returns. **How has FGGG done after inflation?** Over the three years to 13/11/2026 FGGG’s total return was +3.5%, or −6.5% 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.