iShares Global Government Bond USD Hedged Active ETF
Actively managed global bond ETF
The investment objective of iShares Global Government Bond USD Hedged Active ETF (the Fund) is to seek a total return, net of Fund expenses, in excess of the Bloomberg Global Treasury USD Hedged Index.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
United States Treasury 4.38% · due 2027-07-15 | 2.07% | $0.91M | — |
United States Treasury 1.38% · due 2031-11-15 | 2.04% | $0.89M | — |
United States Treasury 1.25% · due 2031-08-15 | 2.02% | $0.88M | — |
United States Treasury 2.25% · due 2027-08-15 | 1.99% | $0.87M | — |
United States Treasury 3.88% · due 2034-08-15 | 1.93% | $0.84M | — |
United States Treasury 4.00% · due 2029-07-31 | 1.72% | $0.75M | — |
United States Treasury 3.50% · due 2030-04-30 | 1.71% | $0.75M | — |
United States Treasury 2.88% · due 2028-08-15 | 1.68% | $0.73M | — |
United States Treasury 1.38% · due 2028-10-31 | 1.61% | $0.71M | — |
United States Treasury 3.00% · due 2044-11-15 | 1.51% | $0.66M | — |
The 200 largest of 688 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 92.10% |
| Derivatives | 1.02% |
| Cash & short-term | 0.60% |
These positions come to 93.72% of net assets. Not everything a fund owns is reported as a holding — uninvested cash is collected at fund level instead — so the total is not expected to reach 100%.
Derivatives are shown at market value, not notional exposure.
How it has done
C000260349 share class · total returns with dividends reinvested
Past returns are a record, not a forecast.
May 2026 and Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
iShares Global Government Bond USD Hedged Active ETF is an actively managed global bond ETF.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
- Features
- Non-diversified
- Expense ratio, by class
- 0.39%
- Portfolio turnover
- 29.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
506 new· the largest 1
247 exited· the largest 5
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 99.4% |
| Zero-coupon or unclassified | 0.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.2% |
| 1-3y | 25.6% |
| 3-5y | 16.5% |
| 5-10y | 29.3% |
| 10y+ | 27.4% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 56% |
| Credit spreads | 44% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.04 yr |
| High yield | -0.05 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.33 yr | 9% |
| 10 yr | 2.48 yr | 70% |
| 30 yr | 0.71 yr | 20% |
5 yr is NEGATIVE (-0.99 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.05 yr | 3% |
| 5 yr | 1.30 yr | 65% |
| 10 yr | 0.12 yr | 6% |
| 30 yr | 0.52 yr | 26% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.00 | +0.00 | $0 | $1 |
| 1 yr | +0.33 | +0.05 | +0.00 | $218 | $0 |
| 5 yr | -0.99 | +1.10 | +0.21 | $4.8k | $900 |
| 10 yr | +2.48 | +0.53 | -0.40 | $2.3k | -$1.8k |
| 30 yr | +0.71 | +0.37 | +0.14 | $1.6k | $626 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 2.56 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
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