Fixed income
GGOV
Betashares U.S. Treasury Bond 20+ Year Currency Hedged ETF · Betashares
Long-dated US government bonds — US Treasury bonds with 20 or more years until they mature — hedged back to Australian dollars.
What the fee costs you
The management fee is 0.22% a year. Here’s what that works out to in dollars:
A 0.22% yearly fee works out to about $22 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- Betashares
- Asset class
- Fixed income
- Number of holdings
- ~47
- Where it invests
- 100% United States.
- Income paid
- Quarterly
- Currency hedged
- Yes — It's hedged back to Australian dollars, so its returns come mainly from the bonds themselves rather than swings in foreign currencies — the usual approach for an international bond fund.
Its character
A defensive holding rather than a growth one, built around the highest-quality government debt there is. Because the bonds are very long-dated, their prices swing a lot when interest rates move — much more than a short-dated bond fund — so it can be volatile for a bond fund even though credit risk is very low.
What to keep in mind
The dominant risk is interest rates, not the share market or credit: these are long-dated bonds, so their prices move sharply when rates change — falling when rates rise and rising when rates fall. Being US Treasuries, the credit risk (the chance of not being repaid) is about as low as it gets.
Figures last verified 2026-06-22against the issuer’s factsheet and PDS.