The Fidelity Global Government Bond Climate Aware UCITS ETF Income USD (FGGB) is an Ireland-domiciled fixed-income ETF managed by Fidelity International.

The fund seeks to track the Solactive Paris Aware Global Government USD Index, a global government bond benchmark that incorporates climate-transition considerations into its methodology.

The benchmark includes local-currency government bonds issued by investment-grade countries. Its methodology adjusts country weights based on carbon-emission intensity targets as well as fixed-income market factors such as issuance levels and bond yields.

Composition / Exposure Profile

FGGB primarily provides exposure to:

• Sovereign bonds issued by investment-grade governments.

• Bonds denominated in their respective countries' local currencies.

• Government debt across different maturities.

• Sovereign debt across multiple global markets.

The strategy provides exposure to a range of government bond markets, including economies such as the United States, the United Kingdom, France, Japan, Italy, Germany, Canada, and other countries eligible under the index methodology.

The benchmark's weighting methodology is not based solely on the size of each sovereign debt market. It also incorporates climate objectives, seeking to reduce carbon-emission intensity relative to its investable universe and follow a progressive decarbonization trajectory.

Structure and Costs

The share class has the U.S. dollar as its base currency and distributes income generated by the portfolio. The fund has multiple trading lines across European exchanges, with tickers varying by exchange and trading currency.

The ETF has ongoing charges of 0.20% per year, uses physical replication, and is domiciled in Ireland. It operates as part of Fidelity UCITS II ICAV under the UCITS framework.

FGGB follows an income distribution policy, with distributions made quarterly to shareholders.

History and Evolution of the ETF

The Fidelity Global Government Bond Climate Aware UCITS ETF Income USD was launched in 2023 to provide exposure to global government bonds through a strategy incorporating climate-transition considerations.

Since its launch, the fund has maintained a passive strategy linked to the Solactive Paris Aware Global Government USD Index, combining global sovereign bond exposure with a weighting methodology that incorporates carbon-emission intensity reduction objectives.

Throughout its history, the fund's performance has reflected factors including changes in interest rates, inflation, monetary policy, currency movements, and conditions across global sovereign debt markets.

Additional Information

Fidelity Global Government Bond Climate Aware UCITS ETF Income USD (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $6.19 million.

Over the past 12 months, Fidelity Global Government Bond Climate Aware UCITS ETF Income USD recorded a return of -7.33%, with its price trading between $0.00 and $5.16 during the same period.

The ETF is traded under the ticker FGGB.