Key Highlights

  • The fund holds about 712 government-related bonds and cash instruments, hedged back to U.S. dollars.
  • Effective duration is 6.01 years, and the weighted average Maturity is 8.59 years.
  • Net asset value is $50.99, after a one-day gain of $0.02, or 0.04%.
  • The expense ratio is 0.39%, and distributions are paid quarterly.

Investors seeking global government bond exposure without the currency swings that come with foreign holdings have a managed option in the iShares Global Government Bond USD Hedged Active ETF (NYSEARCA:GGOV). Figures in this article are current to November 9, 2026. The fund seeks to provide income and lower Volatility through diversified exposure to USD-hedged government bonds, using active management rather than tracking a fixed index. The fund trades on NYSE Arca and has been listed since June 2025.

Fund Fact

Detail

Exchange and ticker

NYSE Arca: GGOV

Fund inception

June 25, 2025

Net assets

$4.38 billion

Net asset value

$50.99

Daily NAV change

+$0.02 (+0.04%)

Expense ratio

0.39%

30-day SEC yield

3.38%

Distribution frequency

Quarterly

Number of holdings

712

Portfolio Structure and Duration

The fund holds Treasury notes from the United States and other sovereign issuers across several maturities. Cash and Collateral positions also appear among the top holdings. The effective duration of 6.01 years indicates moderate sensitivity to Interest Rate movements, and the average Yield to maturity of 5.09% reflects the yield environment for the bonds held.

Because the bonds are hedged to the U.S. dollar, currency fluctuations between the dollar and foreign Government Bonds are largely offset. The option-adjusted spread of 41.64 basis points and weighted average coupon of 2.62% describe the portfolio’s structure.

Trading Activity and Price Movement

The net asset value rose $0.02 in the latest session, or 0.04%. Shares outstanding total about 86 million, and the 30-day average Volume of roughly 513,000 shares indicates steady trading. The median bid-ask spread of 0.04% suggests low trading costs.

The premium of -0.13 to NAV in recent figures means shares traded slightly below the value of underlying holdings.

Costs, Income and Risks

The expense ratio is 0.39%, consisting of a management fee of the same amount. Distributions are paid quarterly, and the 30-day SEC yield of 3.38% reflects a meaningful income component.

Fixed income risks include interest rate and Credit risk, and bond prices typically decline when rates rise. Derivatives used for hedging can carry counterparty risk, and hedging may not fully eliminate currency or interest rate exposure.

Final Word

The iShares Global Government Bond USD Hedged Active ETF combines global sovereign bond exposure with currency hedging and active management. Its duration profile, quarterly income and moderate fee define its structure. Investors considering a hedged Global Bond holding will weigh these features within their broader fixed income allocation.