Global Government Bond Active UCITS ETF

Global Government Bond Active UCITS ETF

About

Global Government Bond Active UCITS ETF (IE0008P6LL15) is a UCITS-compliant bond ETF tracking the Bloomberg Global Aggregate Treasuries Index Total Return USD Unhedged. With a TER of 0.23%, it is moderately priced, reinvesting dividends. The fund holds 448 positions across 37 regions with 586M in assets, with heavy concentration — 84% in government bonds.

ISIN
Fund Size €586.1M
Issuer JPMorgan
Distribution Re-Invests Dividends
Replication —
Inception Jun 2025
Base Currency USD
Index Bloomberg Global Aggregate Treasuries Index Total Return USD Unhedged
Asset Class Bonds
Category Aggregate Bond

Costs

8.5
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%

Holdings

6.5
This fund holds 448 individual investments, offering moderate diversification compared to other ETFs.
#1
French Republic Government Bond OAT
0.05%
#2
Cash and Cash Equivalent
0.05%
#3
F/C ICE 3MTH SONIA FU DEC27
0.04%
#4
United States Treasury Note/Bond
0.03%
#5
JAPAN BANK FOR INTERNATIONAL COOPE
0.02%
#6
United States Treasury Note/Bond
0.02%
#7
Bank Gospodarstwa Krajowego
0.02%
#8
United States Treasury Note/Bond
0.01%
#9
Australia Government Bond
0.01%
#10
French Republic Government Bond OAT
0.01%

Sectors

1.2
This fund is concentrated in just a few of its 3 sectors, reducing diversification.

Regions

7.0
This fund invests across 38 countries, though its geographic allocation deviates somewhat from the global market.

Nerd Stuff

Advanced risk and return metrics (2025-06-03 — 2026-04-17).
1.9%
Volatility
-3.2%
Max Drawdown
-1.01
Sharpe Ratio
-1.40
Sortino Ratio
-0.58
Calmar Ratio
0.23
Beta
-9.34%
Alpha (Jensen's)
0.212
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
Trading 212
Trade
Free
Savings Plan
Free
Account
Free

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