Key Highlights

  • The fund holds 108 companies and issuers, with Government Bonds making up the entire portfolio.
  • The United States accounts for 24.07%, with Mexico at 12.23% and New Zealand at 9.88%.
  • The management fee is 0.55%, and the listing shows no annual yield.
  • The top ten holdings make up 25.34% of the fund, mixing US Treasury notes with emerging market sovereigns.

Colchester Global Government Bond Complex ETF (ASX:CISB) tracks the FTSE World Government Bond index hedged to the Australian dollar, giving investors access to sovereign Debt from around the world in a single product. The units were listed at $20.20, and the management fee is 0.55%. The fund was admitted to the ASX on 29 July 2026, so it is a recent addition to the exchange, and its portfolio reflects the breadth of the global sovereign market.

Ticker

ASX:CISB

Listed price

$20.20

Management fee

0.55%

Benchmark

FTSE WGBI Hdg AUD

Admitted to ASX

29 July 2026

Holdings

108 companies

Portfolio make-up

Bonds make up 100% of the fund. The United States accounts for 24.07%, Mexico for 12.23%, New Zealand for 9.88%, Indonesia for 7.04%, Australia for 7.86%, Norway for 6.17%, Poland for 6.06%, the United Kingdom for 6.11% and Germany for 5.09%. Emerging market sovereigns feature alongside developed markets, which broadens the country mix.

The largest holdings include Polish government bonds at 3.32%, US Treasury notes at 3.06% and 2.55%, Mexican government bonds at 2.70% and 2.64%, and German government bonds at 2.00%. The top ten holdings make up 25.34% of the fund.

Income and costs

The management fee is 0.55%, which is higher than the Australian Government Bond funds in this series. The listing shows no annual yield, though the fund makes periodic distributions. Because the fund is hedged to the Australian dollar, its returns reflect the Interest Rate differences between markets as well as the bond prices themselves.

Risks to weigh

The fund carries interest rate risk in each market it holds, and Credit risk in emerging market sovereigns can be higher than in developed markets. Currency hedging reduces Exchange Rate movements but can cost money when rate differences shift, and it does not remove every foreign exchange effect. Investors should also consider the fund's short listing history when judging how it behaves.

Final Word

The Colchester Global Government Bond Complex ETF offers sovereign bond exposure across developed and emerging markets, hedged to the Australian dollar. Its higher fee and mix of emerging market issuers are the main points to weigh against the Diversification it provides.