• GGAB provides geared long exposure to approximately 10-year Australian Treasury Bonds.
  • The fund reports one holding, a 10-year Australian Treasury bond future.
  • The management fee is 0.98%.
  • The fund has been listed since 6 December 2023.

The Betashares Geared Long Australian Government Bond Complex ETF (ASX:GGAB) is a complex fund that provides geared exposure to Australian government bonds. It sits in the Unconstrained Fixed Income category and has been listed since 6 December 2023. The fund reports a single holding, a 10-year Australian Treasury bond future. The table below summarises its main details.

Fund name

Betashares Geared Long Australian Government Bond Complex ETF

ASX code

GGAB

Category

Unconstrained Fixed Income

Management fee

0.98%

Last price (23 October 2026 session)

$18.76

Admitted to ASX

6 December 2023

What exposure does GGAB offer?

GGAB aims to provide unitholders with geared long exposure to the returns of Australian Treasury Bonds with a term to maturity of approximately ten years. Gearing is applied through derivatives, and the fund's only reported holding is the 10 Year Australian Treasury Bond Future for June 2026, with the portfolio recorded as 100% cash. The fund publishes a monthly notional derivatives exposure report alongside its other disclosures.

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

Reported asset allocation is cash 100.00%. The fund reports a single holding, 10 Year Australian Treasury Bond Future June 26, at 0.00% of the portfolio.

Fees, price and distributions

The management fee is 0.98%. The last quoted price was $18.76 during the 23 October 2026 session. The latest distribution was $0.642 per unit, with an ex-date of 1 July 2025, a record date of 2 October 2026 and a payment date of 16 July 2025.

Who GGAB may suit

The fund may be of interest to investors who want a magnified view on Australian government bond returns and who understand that gearing increases both gains and losses. Its reported standard deviation is 12.98 and its management fee is 0.98%. The most recent distribution listed is a final distribution of $0.642 per unit with an ex-date of 1 July 2025.

In summary

GGAB is a specialised, derivatives-based product rather than a conventional bond fund. Its objective, structure and fee level are set out above, and further details are available in the monthly derivatives exposure reports and other fund announcements.