What Does iShares Global Government Bond USD Hedged Active ETF (NYSEARCA:GGOV) Hold Across Sovereign Debt Markets?

Aditi Sarkar

28 October 2026 10:47 PM AEDT

What Does iShares Global Government Bond USD Hedged Active ETF (NYSEARCA:GGOV) Hold Across Sovereign Debt Markets?

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Highlights

GGOV invests in an actively managed portfolio of government bonds with US-dollar currency hedging and tracks no specified index.
The fund reported 708 holdings, effective duration of 5.34 years and weighted-average maturity of 8.51 years on 26 October 2026.
The ETF’s reported closing market price was USD 50.67 on 27 October 2026, while fund net assets totalled USD 4.29 billion on that date.

The iShares Global Government Bond USD Hedged Active ETF (NYSEARCA:GGOV) provides exposure to a portfolio of government debt securities with currency exposure hedged into US dollars. Listed on NYSE Arca, the fund is actively managed rather than designed to replicate a specified index. GGOV closed at USD 50.67 on 27 October 2026. Its net asset value was USD 50.57 on that date, and net assets stood at USD 4,294,570,851. The portfolio combines individual Treasury securities with liquidity and collateral positions associated with its investment activities.

Government Bond Exposure and Portfolio Composition

GGOV references the Bloomberg Global Treasury USD Hedged Index as its benchmark, but its investment team determines portfolio holdings through active management. The fund description identifies diversified government bonds as its core asset class, with foreign-currency exposures hedged to the US dollar. The portfolio therefore includes both the interest-rate characteristics of sovereign bonds and the operational effects of currency hedging. Currency hedges do not eliminate credit, interest-rate or derivative-related risks.

Individual Holdings and Position Weights

The holdings list dated 27 October 2026 shows a BlackRock Cash CL Inst SL Agency money-market position valued at approximately USD 84.84 million, representing 1.98% of the listed portfolio value. A Treasury note maturing on 31 July 2028 accounts for approximately USD 69.16 million, or 1.61%, and carries a 4.25% coupon. Another Treasury note maturing on 30 June 2028 represents approximately USD 66.27 million, or 1.54%, with a 4.13% coupon. A Treasury note maturing on 30 June 2031 is valued at approximately USD 59.34 million, or 1.38%, with a 4.25% coupon.

Additional Treasury Positions and Cash Collateral

Other reported Treasury investments include a note maturing on 15 May 2033, valued at approximately USD 50.98 million and weighted at 1.19%, with a 3.38% coupon. Notes maturing on 31 July 2029 and 31 July 2031 represented approximately 0.99% and 0.97% of the portfolio, respectively. Cash collateral and margin positions were also present in the published holdings, including balances valued at approximately USD 56.50 million and USD 40.07 million. These positions form part of the holdings disclosure and should not be confused with direct sovereign bond exposure.

Maturity, Yield and Duration Measures

The fund reported 708 holdings as of 26 October 2026. Its effective duration was 5.34 years, weighted-average maturity was 8.51 years and weighted-average coupon was 2.51%. Average yield to maturity was 5.18%, with a 30-day SEC yield of 3.44% and a trailing twelve-month distribution yield of 4.00%. These measures describe different characteristics of the fund: duration reflects sensitivity to interest-rate changes, maturity describes the timing of principal repayment, and yield calculations use different methodologies. They are not promises of future investor returns.

Fund Structure, Management and Distributions

GGOV began operating on 25 June 2025 and lists its distribution frequency as quarterly. Its published expense ratio is 0.39%. Named portfolio managers include Tom Becker, Vish Acharya, Dan Felder, Richard Murrall and Simon Wan. The fund reported 84,920,000 shares outstanding on 27 October 2026. An income distribution of USD 0.405245 per share was recorded with an ex-date of 1 October 2026 and payment date of 6 October 2026. The fund’s governing documentation also describes the use of derivatives for hedging and the associated counterparty and liquidity risks.

Portfolio Data and Reporting Basis

The published holdings weights and market values are tied to the dates stated above and may change as positions are traded or valuations move. The manager notes that listed holdings market values can differ from accounting net asset values because of valuation methodologies and timing. Accordingly, portfolio weights, yields and bond attributes refer to the reported dates, rather than to a permanent allocation or guaranteed outcome. The current exposure can be described through sovereign securities, liquidity holdings and the currency-hedging overlay without relying on historical ETF returns.

FAQs

Q: What is the main exposure of (NYSEARCA:GGOV)?

A: It is an actively managed fund holding government bonds with foreign-currency exposure hedged into US dollars.

Q: What was GGOV’s reported closing price?

A: Its closing market price was USD 50.67 on 27 October 2026.

Q: What portfolio measures describe GGOV’s bond holdings?

A: On 26 October 2026, it reported 708 holdings, effective duration of 5.34 years and weighted-average maturity of 8.51 years.

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