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GOVH ETF · Amundi Core Global Government Bond UCITS ETF
The GOVH Exchange Traded Fund (ETF) is provided by Amundi. It is built to track an index: J.P. Morgan Government Bond Index (GBI) Global Index. The GOVH ETF provides physical exposure, so by buying it you actually own parts of all the 1,114 underlying holdings. The dividend policy is capitalization.
Share class
Acc
EUR
Hedged
Last update Yesterday at 8:00 AM UTC
LIVE
CLOSED
This fund is part ofInternational Sovereign Bonds1M perf.-2.23%
Last price
€46.44
1M perf.
-1.27%
1M flows
+€5.3M
AuM
€1.14B
E/R
0.22%
Rating
ESG Consensus®
GOVH
€46.44
Performance & flows
Segment for quartile rank
December 19, 2025 → March 19, 2026
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GOVH
€46.71
-0.26%
International Sovereign Bonds
-0.13%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.27%  | -0.26%  | +0.61%  | +1.25% | -10.27% | -1.85% | -0.42% | -0.42% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/19/2026
€46.71
1D NAV change
-0.07%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
1114
Inception date
10/30/2017
Jurisdiction
Luxembourg
Distribution
Netherlands
Italy
Austria
Germany
Sweden
Legal structure
SICAV
Base currency
EUR
Classification
Product type
Asset class
Factors
N/A
Share class info
EUR capitalizing hedged
Total AuM of fund
€1.85B
Decimalisation of shares
No
Investment strategy
Amundi Core Global Government Bond UCITS ETF seeks to replicate, as closely as possible, whether the trend is rising or falling, the performance of the JPM GBI Global Total Return Index Level Unhedged EUR (the Index), and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The anticipated level of tracking error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. For further information, please refer to the fund prospectus or KID.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.26% | +0.61% | +1.25% | -10.27% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
51.00%
Japan
14.57%
France
6.63%
United Kingdom
6.41%
Italy
5.94%
Germany
5.01%
Spain
3.96%
Canada
2.10%
Australia
1.53%
Other
2.85%
Sectors
Sovereign
85.73%
Unavailable
14.24%
Diversification
Total weight of top 15 holdings out of 1114
Top 15 holdings
Data as of February 28, 2026
USA, Notes 4.25% 15nov2034, USD (F-2034)
USA, Notes 4.625% 15feb2035, USD (B-2035)
US91282CNC19
USA, Notes 4.375% 15may2034, USD (C-2034)
US91282CPJ44
US91282CNT44
USA, Notes 1.625% 15may2031, USD (C-2031)
USA, Notes 3.875% 15aug2034, USD (E-2034)
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USA, Notes 1.375% 15nov2031, USD (F-2031)
USA, Notes 1.875% 15feb2032, USD (B-2032)
USA, Notes 2.875% 15may2032, USD (C-2032)
USA, Notes 3.875% 15aug2033, USD (E-2033)
USA, Notes 1.125% 15feb2031, USD (B-2031)
USA, Notes 4% 28feb2030, USD (H-2030)
USA, Notes 4% 15feb2034, USD (B-2034)
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Enterprise
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Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about GOVH ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
GOVH’s has a Final Sustainability Grade of either A+, A, or A-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
100.00% of holdings have positive scoring
38.82%
61.18%
Consensus levels
Strong
Medium
Weak
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
J.P. Morgan Government Bond Index (GBI) Global Hedged in EUR Index - EUR
Index ticker
JPMGIGHE Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Amundi
Amundi ID Card
Number of funds
634
Total AuM
€356.81B
Expense ratio range
0.03% - 0.85%
Average expense ratio
0.2335%
Top 5 funds by Amundi
| AuM | ||
|---|---|---|
MEUDN | Amundi Core Stoxx Europe 600 UCITS ETF | €16.52B |
SP5L | Amundi Core S&P 500 Swap UCITS ETF | €12.92B |
MWRD | Amundi Core MSCI World UCITS ETF | €11.93B |
GOLD | AMUNDI PHYSICAL GOLD ETC | €10.75B |
WLD | Amundi MSCI World Swap II UCITS ETF | €7.61B |
Frequently asked questions about GOVH
What does Amundi Core Global Government Bond UCITS ETF, GOVH, invest in?
GOVH is a Passive ETF. This ETF provides exposure to Developed markets Investment Grade Government Bonds.
Which benchmark or index does GOVH replicate?
GOVH tracks the J.P. Morgan Government Bond Index (GBI) Global Hedged in EUR Index - EUR, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of GOVH?
GOVH carries a total expense ratio (TER) of 0.22%, indicating the annual cost for holding the fund.
When was GOVH launched?
GOVH was introduced to the market on October 30, 2017. It trades on Netherlands, among other exchanges
Who is the ETF issuer of GOVH?
Amundi Core Global Government Bond UCITS ETF, GOVH, is provided by Amundi. Learn more about Amundi here.
Does GOVH have multiple share classes?
Yes, GOVH is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of GOVH?
GOVH oversees €1.14B in assets as of March 19, 2026.
How has GOVH performed lately?
Based on data from March 19, 2026, GOVH returned -1.27% over the past month, -0.26% over the last three months and -0.42% year-to-date.
What are the latest inflows or outflows for GOVH?
As of March 19, 2026, GOVH recorded net flows of +€5.3M over the last month and +€3.3M year-to-date.
Does GOVH distribute dividends?
GOVH follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of GOVH?
As of February 28, 2026, GOVH has significant geographic allocations in USA, Japan and France.
In which sector or theme does GOVH invest in?
As of February 28, 2026, GOVH focuses largely on Sovereign.
How many securities does GOVH hold and how diversified is it?
As of February 28, 2026, GOVH holds 1114 positions in its portfolio, with 5.51% of assets concentrated in its top 15 holdings.
What are the main positions in GOVH?
As of February 28, 2026, GOVH top three holdings include USA, Notes 4.25% 15nov2034, USD (F-2034), USA, Notes 4.625% 15feb2035, USD (B-2035) and US91282CNC19.
What is the base currency of GOVH?
The base currency of GOVH is EUR.
Is GOVH currency-hedged?
GOVH is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
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