# iShares Global Govt Bond UCITS ETF (SGLO)

**Page:** https://fundology.uk/fund/sglo · ISIN IE00B3F81K65

## 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, SGLO (iShares Global Govt Bond UCITS ETF, ISIN IE00B3F81K65) closed at £64.21 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was −15.0%, or −33.7% after UK CPIH inflation.

## Summary

iShares Global Govt Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2009. 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 0.2% a year — about £20 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.

Latest close: **£64.21** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SGLO |
| ISIN | IE00B3F81K65 |
| Also listed as | IGLO (London Stock Exchange, US dollars), EUN3 (Xetra, euros) |
| Category | Government bonds |
| Type | ETF |
| Provider | iShares |
| Tracks | FTSE G7 Government Bond Index |
| Income | Distributing |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £999m |
| Launched | 2009 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/05/2010 |

## 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 | -3.98% | -7.38% | income reinvested |
| 3 years | -1.93% | -11.40% | income reinvested |
| 5 years | -15.03% | -33.67% | 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 in pounds (price only, income paid out not included): 2022 −8.5%, 2023 −3.2%, 2024 −3.6%, 2025 −4.8%; 2026 to 13/11/2026 −4.9%. Returns of iShares Global Govt Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.6%; to 30/09/2025: −2.6%; to 30/09/2024: −1.9%; to 30/09/2023: −10.3%; to 30/09/2022: −5.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.5% | -16.3% | Price |
| 2023 | -3.2% | -7.0% | Price |
| 2024 | -3.6% | -6.8% | Price |
| 2025 | -4.8% | -8.1% | Price |
| 2026 to 13/11/2026 | -4.9% | -7.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.05% | -8.10% |
| 3 years | 5.90% | -13.53% |
| 5 years | 6.66% | -25.71% |

## Largest fall

Volatility of iShares Global Govt Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.1% over 1 year, 5.9% over 3 years, 6.7% over 5 years. Largest fall in the price of iShares Global Govt Bond UCITS ETF since November 2021, in pounds: −25.7% from 03/12/2021 to 09/10/2026. The lowest 12-month return of iShares Global Govt Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −12.3% (12 months to 18/08/2023); the highest was +1.3% (12 months to 16/08/2024). On 13/11/2026 the price of iShares Global Govt Bond UCITS ETF was 25.2% 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 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 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 (this fund) | 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 | 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): **0.20%** 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, SGLO 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/sglo/holdings

## Questions people ask

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

The ongoing charge of SGLO is 0.20% a year — about £20 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 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once).

**What does SGLO track?**

SGLO tracks the FTSE G7 Government Bond Index.

**Is SGLO accumulating or distributing?**

SGLO 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 SGLO?**

The ISIN of SGLO is IE00B3F81K65. An ISIN identifies one exact share class of a fund; SGLO is its ticker on the London Stock Exchange. The same share class is also listed as IGLO (London Stock Exchange, US dollars) and EUN3 (Xetra, euros).

**What does SGLO hold?**

As of 06/11/2026, SGLO 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 SGLO’s returns in each of the last five years?**

Calendar-year returns of SGLO in pounds (price only, income paid out not included): 2022 −8.5%, 2023 −3.2%, 2024 −3.6%, 2025 −4.8%; 2026 to 13/11/2026 −4.9%. Past performance is not a guide to future returns.

**How has SGLO done after inflation?**

Over the five years to 13/11/2026 SGLO’s total return was −15.0%, or −33.7% 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/251753/ishares-global-government-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-global-govt-bond-ucits-etf-usd-dist-gb-ie00b3f81k65-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/iglo-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.