DGGB ETF: the Desjardins Global Government Bond Index ETF, explained

Short answer: DGGB is the Desjardins Global Government Bond Index ETF, a passive index fund that tracks the Solactive G7 Government Bond CAD Hedged Index. It began trading on the TSX on June 2, 2026, charges a 0.20% management fee, pays monthly distributions, and is rated Low risk.

Most Canadian bond portfolios are exactly that, Canadian. DGGB is a building block for going wider: government bonds from all seven G7 countries, with the currency exposure hedged back to Canadian dollars so you get the bond returns without the exchange-rate noise. This page covers the essentials. It is not financial advice.

What DGGB is

DGGB at a glance

Attribute	Detail
Ticker	DGGB
Issuer	Desjardins Investments
Index	Solactive G7 Government Bond CAD Hedged TR Index
Holds	Government bonds of Canada, France, Germany, Italy, Japan, UK, US
Management fee	0.20%
Distributions	Monthly
Risk rating	Low
Status	Trading on the TSX since June 2, 2026

It is a plain passive fund: full replication of the index, no leverage, no options, no active calls. The currency hedging is the one moving part worth understanding. Hedging removes the swings of the yen, euro, pound, and US dollar against the loonie, which is usually what you want from the defensive part of a portfolio.

What to weigh

• Government bonds are the point, not the yield. A G7 government bond fund is a diversifier and shock absorber. If you want more income, corporate bond funds pay more for more risk.
• Rates still move it. Low risk does not mean no risk. When interest rates rise, bond prices fall, and a fund holding longer government bonds will feel it.
• Hedging has a small cost. The hedge is worth it for most people in fixed income, but it is not free and it will not be perfect.
• It is new, so data is thin. No published MER yet and only the first monthly distributions to look at.

Frequently asked questions

When did DGGB launch?

It began trading on the TSX on June 2, 2026.

Is DGGB actively managed?

No. It fully replicates the Solactive G7 Government Bond CAD Hedged Index. What you get is the index, minus the fee.

Why hold global government bonds instead of just Canadian ones?

Different countries’ rates do not move in lockstep. Spreading a bond sleeve across seven governments smooths the ride compared to betting everything on Canadian rates, and the CAD hedge keeps currency swings out of it.

Bottom line

DGGB is a sensible, low-cost way to spread the defensive part of a portfolio across G7 government bonds without taking on currency risk. Nothing flashy, which for a bond fund is a compliment. If it joins your fixed-income sleeve, Greenline will show you how your whole mix balances out.