ETF · iShares
JGBG iShares Japan Govt Bond UCITS ETF AccumHedged GBP
ISIN IE000NQ9GTW5London Stock Exchange: JGBGBlackRock, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
- GBP hedged
Latest close
LSE£4.85
on
- Ongoing charge
- 0.09% a year
- Fund size
- £33.1m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, JGBG (iShares Japan Govt Bond UCITS ETF AccumHedged GBP, ISIN IE000NQ9GTW5) closed at £4.85 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the year to 13/11/2026 its total return was −0.7%, or −4.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.7%
- −4.2% after inflation (UK CPIH)
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 iShares Japan Govt Bond UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −1.0%. Returns of iShares Japan Govt Bond UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −3.9%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −1.0% | −4.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −3.9% | −7.3% |
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)
3.8%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since July 2025
- −4.6%
- From to
- Below its highest weekly close since July 2025
- 2.8%
- High of , latest
In words: Volatility of iShares Japan Govt Bond UCITS ETF AccumHedged GBP in pounds, annualised from weekly returns to 13/11/2026: 3.8% over 1 year. Largest fall in the price of iShares Japan Govt Bond UCITS ETF AccumHedged GBP since July 2025, in pounds: −4.6% from 04/07/2025 to 25/09/2026. On 13/11/2026 the price of iShares Japan Govt Bond UCITS ETF AccumHedged GBP was 2.8% below its highest weekly close since July 2025 (04/07/2025), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.09%
- a year
- On £10,000
- £9
- a year, roughly
- Over five years
- £45
- of £10,000, before growth
- 73 charge less
- 14 the same
- 224 charge more
Ongoing charge of iShares Japan Govt Bond UCITS ETF AccumHedged GBP 0.09% a year. Compared on 14/11/2026, 224 of the 311 other government bond funds charge more, 14 the same and 73 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares Japan Govt Bond UCITS ETF AccumHedged GBP is an exchange-traded fund (ETF) from iShares, launched in 2025.
It tracks the Bloomberg Japan Treasury Index - JPY - 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 0.09% a year — about £9 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.
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:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- JGBG
- ISIN
- IE000NQ9GTW5
- Provider
- iShares
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.09% a year · about £9 on £10,000
- Fund size
- £33.1m
- 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 £4.97 on 14/11/2025 to £4.85 on 13/11/2026 (−2.3%). The lowest close shown was £4.76 on 25/09/2026 and the highest £4.97 on 14/11/2025.
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. Weeks missing from our record are filled from the same history.
As of , at least 15 min delayed
Five years of prices, and after inflation
72 weekly closes, from 04/07/2025 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
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 296
- on record
- Ten largest
- 10.6%
- of the whole fund
- Effective number of holdings
- 187
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 1.3%
- Japan (Government Of) 10YR #350 0.10% 20/03/2028
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Japan (Government Of) 10YR #350 0.10% 20/03/2028Treasury | 1.32% |
| 2 | Japan (Government Of) 10YR #359 0.10% 20/06/2030Treasury | 1.09% |
| 3 | Japan (Government Of) 10YR #360 0.10% 20/09/2030Treasury | 1.05% |
| 4 | Japan (Government Of) 10YR #368 0.20% 20/09/2032Treasury | 1.03% |
| 5 | Japan (Government Of) 10YR #380 1.70% 20/09/2035Treasury | 1.03% |
| 6 | Japan (Government Of) 10YR #349 0.10% 20/12/2027Treasury | 1.01% |
| 7 | Japan (Government Of) 10YR #352 0.10% 20/09/2028Treasury | 1.01% |
| 8 | Japan (Government Of) 10YR #366 0.20% 20/03/2032Treasury | 1.01% |
| 9 | Japan (Government Of) 10YR #382 2.40% 20/03/2036Treasury | 1.01% |
| 10 | Japan (Government Of) 10YR #355 0.10% 20/06/2029Treasury | 1.00% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Treasury99.9%
- Cash and derivatives0.1%
By type of asset
- Bonds99.9%
- Cash and money market0.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 296 holdings; the ten largest make up 10.6% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track Bloomberg Japan Treasury Index - JPY - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.09% to 0.09% a year (13/11/2026).
| Fund | Charge | 1 year |
|---|---|---|
| iShares Japan Govt Bond UCITS ETF AccumHedged GBPThis fundAccumulating · Currency hedged · 0.09% a year | 0.09% | −0.7% |
| iShares Japan Govt Bond UCITS ETF Hedged GBPDistributing · Currency hedged · 0.09% a year | 0.09% | −0.7% |
As of
Bloomberg Japan Treasury funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The largest fall since July 2025, 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 and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of JGBG?
The ongoing charge of JGBG is 0.09% a year — about £9 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 Japan Govt Bond UCITS ETF AccumHedged GBP 0.09% a year. Compared on 14/11/2026, 224 of the 311 other government bond funds charge more, 14 the same and 73 less (share classes counted once).
What does JGBG track?
JGBG tracks the Bloomberg Japan Treasury Index - JPY - Benchmark TR Net.
Is JGBG accumulating or distributing?
JGBG 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 JGBG?
The ISIN of JGBG is IE000NQ9GTW5. An ISIN identifies one exact share class of a fund; JGBG is its ticker on the London Stock Exchange.
What does JGBG hold?
As of 06/11/2026, JGBG holds 296 positions, according to its published holdings. The largest is Japan (Government Of) 10YR #350 0.10% 20/03/2028 at 1.32% of the fund; the ten largest make up 10.6%. Its ten largest holdings are Japan (Government Of) 10YR #350 0.10% 20/03/2028 (1.32%), Japan (Government Of) 10YR #359 0.10% 20/06/2030 (1.09%), Japan (Government Of) 10YR #360 0.10% 20/09/2030 (1.05%), Japan (Government Of) 10YR #368 0.20% 20/09/2032 (1.03%), Japan (Government Of) 10YR #380 1.70% 20/09/2035 (1.03%), Japan (Government Of) 10YR #349 0.10% 20/12/2027 (1.01%), Japan (Government Of) 10YR #352 0.10% 20/09/2028 (1.01%), Japan (Government Of) 10YR #366 0.20% 20/03/2032 (1.01%), Japan (Government Of) 10YR #382 2.40% 20/03/2036 (1.01%) and Japan (Government Of) 10YR #355 0.10% 20/06/2029 (1.00%).
What were JGBG’s returns in each of the last five years?
Calendar-year returns of JGBG in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −1.0%. Past performance is not a guide to future returns.
How has JGBG done after inflation?
Over the year to 13/11/2026 JGBG’s total return was −0.7%, or −4.2% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.