ETF · First Trust
FGOV First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP
ISIN IE00BKS2X200London Stock Exchange: FGOVAJM Ventures LLC
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£14.71
on
- Ongoing charge
- 0.45% a year
- Fund size
- £1.0m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, FGOV (First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP, ISIN IE00BKS2X200) closed at £14.71 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the five years to 13/11/2026 its total return was +7.6%, or −16.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +2.2%
- −1.4% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +15.1%
- +3.9% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +7.6%
- −16.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,076 on 13/11/2026 — about £840 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP in pounds (price only, income paid out not included): 2022 −8.4%, 2023 +4.0%, 2024 +1.2%, 2025 +2.4%; 2026 to 13/11/2026 −0.6%. Returns of First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.7%; to 30/09/2025: +1.8%; to 30/09/2024: +5.3%; to 30/09/2023: +0.5%; to 30/09/2022: −10.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −0.6% | −3.8% | |
| to | +2.4% | −1.1% | |
| to | +1.2% | −2.3% | |
| +4.0% | −0.1% | ||
| −8.4% | −16.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −0.7% | −4.3% |
| from | +1.8% | −2.2% |
| from | +5.3% | +2.6% |
| from | +0.5% | −5.5% |
| from | −10.3% | −17.6% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
3.0%over 5 years
| 1 year | 2.5% |
|---|---|
| 3 years | 2.4% |
| 5 years | 3.0% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −9.5%
- From to
- Lowest 12-month return
- −10.8%
- 12 months to
- Highest 12-month return
- +5.7%
- 12 months to
- Below its highest weekly close since November 2021
- 2.3%
- High of , latest
In words: Volatility of First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 2.5% over 1 year, 2.4% over 3 years, 3.0% over 5 years. Largest fall in the price of First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP since November 2021, in pounds: −9.5% from 10/12/2021 to 21/10/2022. The lowest 12-month return of First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP in pounds (price only, income paid out not included) since January 2021 was −10.8% (12 months to 10/06/2022); the highest was +5.7% (12 months to 04/10/2024). On 13/11/2026 the price of First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP was 2.3% below its highest weekly close since November 2021 (10/12/2021), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.45%
- a year
- On £10,000
- £45
- a year, roughly
- Over five years
- £223
- of £10,000, before growth
- 294 charge less
- 3 the same
- 14 charge more
Ongoing charge of First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP 0.45% a year. Compared on 14/11/2026, 14 of the 311 other government bond funds charge more, 3 the same and 294 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP is an exchange-traded fund (ETF) from First Trust, launched in 2020.
It tracks the No Underlying Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.45% a year — about £45 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.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- FGOV
- ISIN
- IE00BKS2X200
- Provider
- First Trust
- Tracks
- No index — the manager chooses the holdings
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.45% a year · about £45 on £10,000
- Fund size
- £1.0m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £14.90 on 14/11/2025 to £14.71 on 13/11/2026 (−1.2%). The lowest close shown was £14.65 on 30/10/2026 and the highest £15.02 on 27/02/2026.
One close a week. Before 11/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
258 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since November 2021, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (149 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of FGOV?
The ongoing charge of FGOV is 0.45% a year — about £45 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 First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP 0.45% a year. Compared on 14/11/2026, 14 of the 311 other government bond funds charge more, 3 the same and 294 less (share classes counted once).
Is FGOV accumulating or distributing?
FGOV is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
What is the ISIN of FGOV?
The ISIN of FGOV is IE00BKS2X200. An ISIN identifies one exact share class of a fund; FGOV is its ticker on the London Stock Exchange.
What were FGOV’s returns in each of the last five years?
Calendar-year returns of FGOV in pounds (price only, income paid out not included): 2022 −8.4%, 2023 +4.0%, 2024 +1.2%, 2025 +2.4%; 2026 to 13/11/2026 −0.6%. Past performance is not a guide to future returns.
How has FGOV done after inflation?
Over the five years to 13/11/2026 FGOV’s total return was +7.6%, or −16.0% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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