• GGFD provides geared, currency-hedged exposure to approximately 10-year US Treasury Bonds.
  • The fund reports one holding, an Ultra 10 Year US Treasury Note future.
  • The management fee is 0.98%.
  • The latest distribution was a final payment of $0.106 per unit.

The Betashares Geared Long US Treasury Bond Currency Hedged Complex ETF (ASX:GGFD) is a complex fund that provides geared exposure to US Treasury bonds, hedged to Australian dollars. It sits in the Unconstrained Fixed Income category and has been listed since 6 December 2023. The fund reports a single holding, an Ultra 10 Year US Treasury Note future. Key details are in the table below.

Fund name

Betashares Geared Long US Treasury Bond Currency Hedged Complex ETF

ASX code

GGFD

Category

Unconstrained Fixed Income

Management fee

0.98%

Last price (23 October 2026 session)

$17.50

Admitted to ASX

6 December 2023

What exposure does GGFD offer?

GGFD aims to provide unitholders with geared long exposure to the returns of US Treasury Bonds with a term to maturity of approximately ten years, hedged to Australian dollars. Gearing is applied through futures, with the fund's only reported holding the Ultra 10 Year US Treasury Note Future for June 2026 and the portfolio recorded as 100% cash. Monthly notional derivatives exposure reports form part of its announcements.

The Unconstrained Fixed Income category covers funds with broad scope to build portfolios with little reference to traditional bond indices. Holdings can include government bonds, corporate debt, securitised bonds, sub investment grade debt, emerging markets debt, private debt and hybrid securities, and derivatives may be prominent in managing exposures.

Portfolio composition

The fund's reported asset allocation comprises cash 100.00%. The fund reports a single holding, Ultra 10 Year US Treasury Note Future June 26, at 0.00% of the portfolio.

Fees, price and distributions

The management fee is 0.98%. The last quoted price was $17.50 during the 23 October 2026 session. The latest distribution was $0.106 per unit, with an ex-date of 1 July 2026, a record date of 2 October 2026 and a payment date of 16 July 2026.

Who GGFD may suit

The fund may be of interest to investors who want a magnified, currency-hedged view on US Treasury returns and who understand how gearing amplifies both gains and losses. The reported standard deviation of 16.47 and the 0.98% management fee are part of the profile investors would weigh. The latest distribution listed is a final payment of $0.106 per unit, with a payment date of 16 July 2026.

Final takeaways

GGFD is a derivatives-based product built around 10-year US Treasury exposure with a currency hedge. Its objective, fees and distribution details appear above, and further information is available through the fund announcements, including the annual report lodged on 25 September 2026.