# Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP (IGBS)

**Page:** https://fundology.uk/fund/igbs · ISIN IE000S6ZDHA0

## 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, IGBS (Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP, ISIN IE000S6ZDHA0) closed at £4.86 on the London Stock Exchange. Its ongoing charge is 0.14% a year (about £14 on £10,000). Over the year to 13/11/2026 its total return was +0.1%, or −3.5% after UK CPIH inflation.

## Summary

iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP is an exchange-traded fund (ETF) from iShares, launched in 2024. It tracks the Bloomberg Global Aggregate Treasuries Index - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.14% a year — about £14 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: **£4.86** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IGBS |
| ISIN | IE000S6ZDHA0 |
| Category | Government bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg Global Aggregate Treasuries Index - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.14% a year (£14 per £10,000) |
| Fund size | £1.4bn |
| Launched | 2024 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 05/07/2024 |

## 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 | +0.05% | -3.49% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP in pounds (price only, income paid out not included): 2025 +0.9%; 2026 to 13/11/2026 −3.3%. Returns of iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | +0.9% | -2.5% | Price |
| 2026 to 13/11/2026 | -3.3% | -6.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 3.93% | -5.00% |

## Largest fall

Volatility of iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP in pounds, annualised from weekly returns to 13/11/2026: 3.9% over 1 year. Largest fall in the price of iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP since October 2024, in pounds: −5.2% from 04/04/2025 to 02/10/2026. The lowest 12-month return of iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP in pounds (price only, income paid out not included) since October 2024 was −4.4% (12 months to 09/10/2026); the highest was +1.9% (12 months to 09/01/2026). On 13/11/2026 the price of iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP was 4.0% below its highest weekly close since October 2024 (04/04/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP 0.14% a year. Compared on 14/11/2026, 146 of the 311 other government bond funds charge more, 4 the same and 161 less (share classes counted once).

## Funds tracking the same index

5 funds track Bloomberg Global Aggregate Treasuries Index - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.14% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Invesco Markets IV ICAV - Invesco Global Government Bond UCITS ETF -PFHDG- GBP | 0.12% | — | — | — |
| Invesco Markets IV ICAV - Invesco Global Government Bond UCITS ETF Accum-PFHDG- GBP | 0.12% | — | — | — |
| Ishares Broad Global Govt Bond UCITS ETF AccumUSD | 0.11% | -0.7% | — | — |
| Ishares Broad Global Govt Bond UCITS ETF USD | 0.10% | -2.6% | — | — |
| iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP (this fund) | 0.14% | +0.1% | — | — |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.14%** 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 06/11/2026, IGBS holds 1,570 positions, according to its published holdings. The largest is China Peoples Republic of (Governm 1.61% 15/02/2035 at 1.47% of the fund; the ten largest make up 8.3%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | China Peoples Republic of (Governm 1.61% 15/02/2035 | — | 1.47% |
| 2 | China Peoples Republic of (Governm 1.49% 25/12/2031 | — | 1.18% |
| 3 | China Peoples Republic of (Governm 1.45% 25/02/2028 | — | 1.09% |
| 4 | China Peoples Republic of (Governm 2.52% 25/08/2033 | — | 0.87% |
| 5 | China Peoples Republic of (Governm 3.19% 15/04/2053 | — | 0.80% |
| 6 | China Peoples Republic of (Governm 1.43% 25/01/2030 | — | 0.79% |
| 7 | China Peoples Republic of (Governm 1.91% 15/07/2029 | — | 0.67% |
| 8 | China Peoples Republic of (Governm 1.46% 25/05/2028 | — | 0.49% |
| 9 | Treasury Note 4.88% 31/10/2028 | — | 0.49% |
| 10 | China Peoples Republic of (Governm 1.65% 15/05/2035 | — | 0.46% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Treasury | 99.5% |
| Cash and derivatives | 0.5% |

### By country

As published for the fund, as of 06/11/2026.

| Country | Weight |
|---|---|
| United States | 35.4% |
| Japan | 13.4% |
| China | 12.2% |
| United Kingdom | 5.5% |
| France | 5.3% |
| Italy | 4.8% |
| Germany | 4.4% |
| Spain | 3.2% |
| Other countries | 15.8% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.5% |
| Cash and money market | 0.5% |

The 1,472 holdings on record (of 1,570 reported): https://fundology.uk/fund/igbs/holdings

## Questions people ask

**What is the ongoing charge of IGBS?**

The ongoing charge of IGBS is 0.14% a year — about £14 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 iShares III PLC - Ishares Broad Global Govt Bond UCITS ETF - Hedge GBP 0.14% a year. Compared on 14/11/2026, 146 of the 311 other government bond funds charge more, 4 the same and 161 less (share classes counted once).

**What does IGBS track?**

IGBS tracks the Bloomberg Global Aggregate Treasuries Index - Benchmark TR Net.

**Is IGBS accumulating or distributing?**

IGBS 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 IGBS?**

The ISIN of IGBS is IE000S6ZDHA0. An ISIN identifies one exact share class of a fund; IGBS is its ticker on the London Stock Exchange.

**What does IGBS hold?**

As of 06/11/2026, IGBS holds 1,570 positions, according to its published holdings. The largest is China Peoples Republic of (Governm 1.61% 15/02/2035 at 1.47% of the fund; the ten largest make up 8.3%. Its ten largest holdings are China Peoples Republic of (Governm 1.61% 15/02/2035 (1.47%), China Peoples Republic of (Governm 1.49% 25/12/2031 (1.18%), China Peoples Republic of (Governm 1.45% 25/02/2028 (1.09%), China Peoples Republic of (Governm 2.52% 25/08/2033 (0.87%), China Peoples Republic of (Governm 3.19% 15/04/2053 (0.80%), China Peoples Republic of (Governm 1.43% 25/01/2030 (0.79%), China Peoples Republic of (Governm 1.91% 15/07/2029 (0.67%), China Peoples Republic of (Governm 1.46% 25/05/2028 (0.49%), Treasury Note 4.88% 31/10/2028 (0.49%) and China Peoples Republic of (Governm 1.65% 15/05/2035 (0.46%).

**What were IGBS’s returns in each of the last five years?**

Calendar-year returns of IGBS in pounds (price only, income paid out not included): 2025 +0.9%; 2026 to 13/11/2026 −3.3%. Past performance is not a guide to future returns.

**How has IGBS done after inflation?**

Over the year to 13/11/2026 IGBS’s total return was +0.1%, or −3.5% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/337756/ishares-broad-global-govt-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-broad-global-govt-bond-ucits-etf-gbp-hedged-dist-gb-ie000s6zdha0-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/igbs-ishares-broad-global-govt-bond-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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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.