# Amundi Index Solutions - J.P. Morgan GBI Global Govies (GGOV) **Page:** https://fundology.uk/fund/ggov · ISIN LU1437016204 ## 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, GGOV (Amundi Index Solutions - J.P. Morgan GBI Global Govies, ISIN LU1437016204) closed at £38.31 on the London Stock Exchange. Its ongoing charge is 0.22% a year (about £22 on £10,000). Over the five years to 13/11/2026 its total return was −15.0%, or −33.6% after UK CPIH inflation. ## Summary Amundi Index Solutions - J.P. Morgan GBI Global Govies is an exchange-traded fund (ETF) from Amundi, launched in 2016. It tracks the J.P. Morgan Government Bond Index Global (GBI Global) Index - EUR. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.22% a year — about £22 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. Latest close: **£38.31** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | GGOV | | ISIN | LU1437016204 | | Also listed as | GOVU (London Stock Exchange, US dollars) | | Category | Government bonds | | Type | ETF | | Provider | Amundi | | Tracks | J.P. Morgan Government Bond Index Global (GBI Global) Index - EUR | | Income | Accumulating | | Ongoing charge | 0.22% a year (£22 per £10,000) | | Fund size | £307m | | Launched | 2016 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 31/10/2016 | ## 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 | -4.47% | -7.86% | income reinvested | | 3 years | -1.73% | -11.22% | income reinvested | | 5 years | -14.96% | -33.62% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi Index Solutions - J.P. Morgan GBI Global Govies in pounds (price, with income reinvested in the fund): 2022 −7.4%, 2023 −1.9%, 2024 −1.5%, 2025 −2.0%; 2026 to 13/11/2026 −1.7%. Returns of Amundi Index Solutions - J.P. Morgan GBI Global Govies in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −3.2%; to 30/09/2025: +0.1%; to 30/09/2024: +0.5%; to 30/09/2023: −8.9%; to 30/09/2022: −4.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -7.4% | -15.2% | Price | | 2023 | -1.9% | -5.8% | Price | | 2024 | -1.5% | -4.9% | Price | | 2025 | -2.0% | -5.3% | Price | | 2026 to 13/11/2026 | -1.7% | -4.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 4.44% | -4.91% | | 3 years | 5.60% | -5.83% | | 5 years | 6.42% | -16.91% | ## Largest fall Volatility of Amundi Index Solutions - J.P. Morgan GBI Global Govies in pounds, annualised from weekly returns to 13/11/2026: 4.4% over 1 year, 5.6% over 3 years, 6.4% over 5 years. Largest fall in the price of Amundi Index Solutions - J.P. Morgan GBI Global Govies since November 2021, in pounds: −16.9% from 03/12/2021 to 21/08/2026. The lowest 12-month return of Amundi Index Solutions - J.P. Morgan GBI Global Govies in pounds (price, with income reinvested in the fund) since January 2021 was −11.1% (12 months to 18/08/2023); the highest was +3.8% (12 months to 16/08/2024). On 13/11/2026 the price of Amundi Index Solutions - J.P. Morgan GBI Global Govies was 16.4% below its highest weekly close since November 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Index Solutions - J.P. Morgan GBI Global Govies 0.22% a year. Compared on 14/11/2026, 52 of the 311 other government bond funds charge more, 7 the same and 252 less (share classes counted once). ## Funds tracking the same index 2 funds track J.P. Morgan Government Bond Index Global (GBI Global) Index - EUR, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.22% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core Global Government Bond UCITS ETF GBP Hedged Dist | 0.15% | -1.3% | +8.0% | +2.7% | | Amundi Index Solutions - J.P. Morgan GBI Global Govies (this fund) | 0.22% | -4.5% | -1.7% | -15.0% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.22%** 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. ## What it holds As of 11/11/2026, GGOV holds 1,142 positions, according to its published holdings. The largest is UNITED ST TSY 4.25% 15May35 at 0.38% of the fund; the ten largest make up 3.7%. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | UNITED ST TSY 4.25% 15May35 | — | 0.38% | | 2 | UNITED ST TSY 4.25% 15Nov34 | — | 0.38% | | 3 | UNITED ST TSY 4.625% 15Feb35 | — | 0.38% | | 4 | UNITED ST TSY 4.125% 15Feb36 | — | 0.37% | | 5 | UNITED ST TSY 4.375% 15May34 | — | 0.37% | | 6 | UNITED ST TSY 4.625% 15Aug36 | — | 0.37% | | 7 | UNITED ST TSY 1.625% 15May31 | — | 0.36% | | 8 | UNITED ST TSY 4% 15Nov35 | — | 0.36% | | 9 | UNITED ST TSY 4.25% 15Aug35 | — | 0.36% | | 10 | UNITED ST TSY 4.375% 15May36 | — | 0.36% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country As published for the fund, as of 11/11/2026. | Country | Weight | |---|---| | United States | 52.0% | | Japan | 14.6% | | United Kingdom | 6.4% | | France | 6.1% | | Italy | 5.6% | | Germany | 5.1% | | Spain | 3.7% | | Canada | 2.2% | | Other countries | 4.3% | The 1,131 holdings on record (of 1,142 reported): https://fundology.uk/fund/ggov/holdings ## Questions people ask **What is the ongoing charge of GGOV?** The ongoing charge of GGOV is 0.22% a year — about £22 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 Amundi Index Solutions - J.P. Morgan GBI Global Govies 0.22% a year. Compared on 14/11/2026, 52 of the 311 other government bond funds charge more, 7 the same and 252 less (share classes counted once). **What does GGOV track?** GGOV tracks the J.P. Morgan Government Bond Index Global (GBI Global) Index - EUR. **Is GGOV accumulating or distributing?** GGOV 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 GGOV?** The ISIN of GGOV is LU1437016204. An ISIN identifies one exact share class of a fund; GGOV is its ticker on the London Stock Exchange. The same share class is also listed as GOVU (London Stock Exchange, US dollars). **What does GGOV hold?** As of 11/11/2026, GGOV holds 1,142 positions, according to its published holdings. The largest is UNITED ST TSY 4.25% 15May35 at 0.38% of the fund; the ten largest make up 3.7%. Its ten largest holdings are UNITED ST TSY 4.25% 15May35 (0.38%), UNITED ST TSY 4.25% 15Nov34 (0.38%), UNITED ST TSY 4.625% 15Feb35 (0.38%), UNITED ST TSY 4.125% 15Feb36 (0.37%), UNITED ST TSY 4.375% 15May34 (0.37%), UNITED ST TSY 4.625% 15Aug36 (0.37%), UNITED ST TSY 1.625% 15May31 (0.36%), UNITED ST TSY 4% 15Nov35 (0.36%), UNITED ST TSY 4.25% 15Aug35 (0.36%) and UNITED ST TSY 4.375% 15May36 (0.36%). **What were GGOV’s returns in each of the last five years?** Calendar-year returns of GGOV in pounds (price, with income reinvested in the fund): 2022 −7.4%, 2023 −1.9%, 2024 −1.5%, 2025 −2.0%; 2026 to 13/11/2026 −1.7%. Past performance is not a guide to future returns. **How has GGOV done after inflation?** Over the five years to 13/11/2026 GGOV’s total return was −15.0%, or −33.6% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/fixed-income/amundi-core-global-government-bond-ucits-etf-acc/lu1437016204) - Links checked 12/10/2026. --- 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.