# First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP (FGOV)

**Source:** https://fundology.uk/fund/fgov · ISIN IE00BKS2X200 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 01/10/2026, FGOV (First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP, ISIN IE00BKS2X200) closed at £14.63 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the five years to 01/10/2026 its total return was +7.2%, or −16.2% after UK CPIH inflation.

## Summary

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.

Latest close: **£14.63** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | FGOV |
| ISIN | IE00BKS2X200 |
| Category | Government bonds |
| Type | ETF |
| Provider | First Trust |
| Income | Distributing |
| Ongoing charge | 0.45% a year (£45 per £10,000) |
| Fund size | £1.2m |
| Launched | 2020 |
| Domicile | Ireland |

## Past returns (periods to 01/10/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +2.66% | -0.56% | income reinvested |
| 3 years | +15.59% | +4.31% | income reinvested |
| 5 years | +7.18% | -16.21% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of First Trust Global Funds ICAV - First Trust Low Duration Global Government Bond UCITS ETF B Hedged GBP 0.45% a year, as of 02/10/2026: 15 of the 275 other government bond funds charge more, 1 the same and 259 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.45%** per year
- ISA eligible: yes
- SIPP eligible: yes

## 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, as of 02/10/2026: 15 of the 275 other government bond funds charge more, 1 the same and 259 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.

**How has FGOV done after inflation?**

Over the five years to 01/10/2026 FGOV’s total return was +7.2%, or −16.2% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.