# iShares Global Govt Bond UCITS ETF Hedged GBP (IGLH)

**Page:** https://fundology.uk/fund/iglh · ISIN IE00BDFK3H31

## 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, IGLH (iShares Global Govt Bond UCITS ETF Hedged GBP, ISIN IE00BDFK3H31) closed at £4.44 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was −7.4%, or −27.7% after UK CPIH inflation.

## Summary

iShares Global Govt Bond UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the FTSE G7 Government Bond Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% 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 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: **£4.44** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IGLH |
| ISIN | IE00BDFK3H31 |
| Category | Government bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | FTSE G7 Government Bond Index |
| Income | Distributing |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £567m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 14/03/2018 |

## 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 | -0.98% | -4.48% | income reinvested |
| 3 years | +8.61% | -1.87% | income reinvested |
| 5 years | -7.41% | -27.73% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Global Govt Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2022 −14.2%, 2023 +3.2%, 2024 −1.8%, 2025 +0.6%; 2026 to 13/11/2026 −4.3%. Returns of iShares Global Govt Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.4%; to 30/09/2025: −1.8%; to 30/09/2024: +6.1%; to 30/09/2023: −3.2%; to 30/09/2022: −13.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -14.2% | -21.4% | Price |
| 2023 | +3.2% | -0.9% | Price |
| 2024 | -1.8% | -5.1% | Price |
| 2025 | +0.6% | -2.8% | Price |
| 2026 to 13/11/2026 | -4.3% | -7.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 4.23% | -5.98% |
| 3 years | 4.81% | -7.25% |
| 5 years | 5.25% | -18.18% |

## Largest fall

Volatility of iShares Global Govt Bond UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 4.2% over 1 year, 4.8% over 3 years, 5.2% over 5 years. Largest fall in the price of iShares Global Govt Bond UCITS ETF Hedged GBP since November 2021, in pounds: −18.2% from 03/12/2021 to 02/10/2026. The lowest 12-month return of iShares Global Govt Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since January 2021 was −15.4% (12 months to 04/11/2022); the highest was +6.3% (12 months to 18/10/2024). On 13/11/2026 the price of iShares Global Govt Bond UCITS ETF Hedged GBP was 17.2% below its highest weekly close since November 2021 (03/12/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Global Govt Bond UCITS ETF Hedged 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

3 funds track FTSE G7 Government Bond Index, 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 |
|---|---|---|---|---|
| iShares Global Govt Bond UCITS ETF | 0.20% | -4.0% | -1.9% | -15.0% |
| iShares Global Govt Bond UCITS ETF Accum USD | 0.20% | -3.1% | -0.9% | -15.4% |
| iShares Global Govt Bond UCITS ETF Hedged GBP (this fund) | 0.25% | -1.0% | +8.6% | -7.4% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** per year (as of 09/10/2026)
- 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, IGLH holds 909 positions, according to its published holdings. The largest is Treasury Note 4.25% 15/05/2035 at 0.55% of the fund; the ten largest make up 4.7%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury Note 4.25% 15/05/2035 | — | 0.55% |
| 2 | Treasury Note 4.50% 15/11/2033 | — | 0.49% |
| 3 | Treasury Note 4.25% 15/08/2035 | — | 0.48% |
| 4 | US Treasury N/B 0.63% 15/08/2030 | — | 0.48% |
| 5 | Treasury Note (Old) 4.38% 15/05/2036 | — | 0.47% |
| 6 | Treasury Note (Otr) 4.63% 15/08/2036 | — | 0.47% |
| 7 | Treasury Note 4.38% 15/05/2034 | — | 0.44% |
| 8 | Treasury Note 4.63% 15/02/2035 | — | 0.43% |
| 9 | Treasury Note 3.50% 15/02/2033 | — | 0.42% |
| 10 | Treasury Note 3.50% 31/01/2028 | — | 0.42% |

## 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 | 99.7% |
| Cash and derivatives | 0.3% |

### By country

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

| Country | Weight |
|---|---|
| United States | 55.9% |
| Japan | 11.6% |
| France | 8.3% |
| Italy | 7.5% |
| United Kingdom | 7.1% |
| Germany | 6.8% |
| Canada | 2.6% |
| Cash and derivatives | 0.2% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 99.7% |
| Cash and money market | 0.3% |

The 897 holdings on record (of 909 reported): https://fundology.uk/fund/iglh/holdings

## Questions people ask

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

The ongoing charge of IGLH 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 iShares Global Govt Bond UCITS ETF Hedged 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 IGLH track?**

IGLH tracks the FTSE G7 Government Bond Index.

**Is IGLH accumulating or distributing?**

IGLH 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 IGLH?**

The ISIN of IGLH is IE00BDFK3H31. An ISIN identifies one exact share class of a fund; IGLH is its ticker on the London Stock Exchange.

**What does IGLH hold?**

As of 06/11/2026, IGLH holds 909 positions, according to its published holdings. The largest is Treasury Note 4.25% 15/05/2035 at 0.55% of the fund; the ten largest make up 4.7%. Its ten largest holdings are Treasury Note 4.25% 15/05/2035 (0.55%), Treasury Note 4.50% 15/11/2033 (0.49%), Treasury Note 4.25% 15/08/2035 (0.48%), US Treasury N/B 0.63% 15/08/2030 (0.48%), Treasury Note (Old) 4.38% 15/05/2036 (0.47%), Treasury Note (Otr) 4.63% 15/08/2036 (0.47%), Treasury Note 4.38% 15/05/2034 (0.44%), Treasury Note 4.63% 15/02/2035 (0.43%), Treasury Note 3.50% 15/02/2033 (0.42%) and Treasury Note 3.50% 31/01/2028 (0.42%).

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

Calendar-year returns of IGLH in pounds (price only, income paid out not included): 2022 −14.2%, 2023 +3.2%, 2024 −1.8%, 2025 +0.6%; 2026 to 13/11/2026 −4.3%. Past performance is not a guide to future returns.

**How has IGLH done after inflation?**

Over the five years to 13/11/2026 IGLH’s total return was −7.4%, or −27.7% 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/295886/ishares-global-govt-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-global-govt-bond-ucits-etf-gbp-hedged-dist-gb-ie00bdfk3h31-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iglh-ishares-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.