AGVT ETF | Australian Government Bond ETF | BetaShares
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OVERVIEW

Fund Objective

AGVT aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of high-quality bonds issued by Australian federal and state governments, and with a component issued by supranationals and sovereign agencies.

Fund Strategy

The Fund’s strategy is to invest primarily in a portfolio of relatively ‘long duration’ Australian government bonds. Eligible bonds must be AUD denominated fixed-rate bonds and have a term to maturity of between 7 to 12 years. 75% of the total portfolio weight is allocated to bonds issued by Australian federal and state governments, and 25% of the total portfolio weight is allocated to bonds issued by supranational organisations, Australian and foreign government agencies and other similar issuers.

Benefits of AGVT

Credit quality

Australian government bonds have the highest credit ratings in the Australian bond market.

Diversification and defence

Government bonds historically have tended to rise in periods of significant equity market weakness.

Regular income, paid monthly

AGVT’s focus on longer duration bonds means income potential is typically higher than other Australian government bond funds that do not have this focus.

How to Invest

  • You can buy or sell units just like you’d buy or sell any share on the ASX.
  • Fund requires no minimum investment.

KEY FACTS

Pricing Information 10 May 2021

Current Price
Last Trade* -
% Change (prev day) -
Bid (delayed) -
Offer (delayed) -
* Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit* $50.24
* As at 6 May 2021

Profile

Net Assets* ($A) $179,104,445
Units Outstanding* (#) 3,565,216
Mgmt Costs** (% p.a.) 0.22%
Distribution Frequency Monthly
Distribution Reinvestment Plan (DRP) Full or partial participation available
Investment Manager BetaShares Capital Ltd
Fund Administrator RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As at 6 May 2021
* As of close of previous day
**Certain additional costs apply. Please refer to PDS.

Trading Information

ASX Code AGVT
Bloomberg Code AGVT AU
IRESS Code AGVT.AXW
Trading Hours 10:00-16:00 (AEST)

Index Information

Index Solactive Australian Government 7 - 12 Year AUD TR Index
Index Provider Solactive AG
Index Ticker N/A
Bloomberg Index Ticker SOLAUGOV Index
Index Methodology

Portfolio Characteristics

Running Yield (% p.a.)
Average coupon (weighted by market value) of the bonds in the portfolio, divided by the current market price of the bonds. Provides an indication of expected current income from making an investment at market price. This value will vary over time as interest rates change.
2.27 % p.a.
Yield to Maturity (% p.a.)
Total expected return from the bond portfolio, based on current bond prices and assuming no change in prevailing interest rates. This value will vary over time. Reflects annualised costs and benefits associated with FX-hedging, where relevant.
1.56 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.85 yrs
Modified Duration (yrs)
A measure of the sensitivity of the portfolio’s value to a change in interest rates. For example, a Modified Duration of 0.15 years implies that a 1% rise in the reference interest rate will reduce the value of the portfolio by 0.15%.
7.94 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 07 May 2021

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.4
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.2
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.0
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 5.9
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 5.7
AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 5.2
BNG BANK NV 3.3% APR-29 5.2
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 4.7
AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 4.4
AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 3.5
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
ACGB 2.5 05/21/30 Govt AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.4 Government Bond AUD 10,530,000 $11,572,312 $11,572,312 2030-05-21 2.5 1.4655 8.0356
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.2 Government Bond AUD 9,670,000 $11,118,179 $11,118,179 2029-04-21 3.25 1.2848 7.0813
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.0 Government Bond AUD 9,640,000 $10,817,719 $10,817,719 2029-11-21 2.75 1.3880 7.5716
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 5.9 Government Bond Australia AUD 11,150,000 $10,619,483 $10,619,483 2030-12-21 1.0 1.5790 9.0659
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 5.7 Government Bond AUD 9,070,000 $10,190,417 $10,190,417 2028-11-21 2.75 1.2092 6.7728
ACGB 2.25 05/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 5.2 Government Bond AUD 8,624,000 $9,370,968 $9,370,968 2028-05-21 2.25 1.1225 6.4609
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 5.2 Bonds Netherlands AUD 8,270,000 $9,269,430 $9,269,430 2029-04-26 3.3 1.6890 7.0563
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 4.7 Government Bond AUD 8,475,000 $8,427,328 $8,427,328 2031-06-21 1.5 1.6230 9.2857
ACGB 1 11/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 4.4 Government Bond Australia AUD 8,399,000 $7,889,853 $7,889,853 2031-11-21 1.0 1.6798 9.8631
ACGB 1.25 05/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 3.5 Government Bond Australia AUD 6,565,000 $6,295,474 $6,295,474 2032-05-21 1.25 1.7193 10.1633
ACGB 4.5 04/21/33 Govt AUSTRALIA GOVERNMENT BOND 4.5% APR-33 2.7 Government Bond Australia AUD 3,700,000 $4,810,259 $4,810,259 2033-04-21 4.5 1.7313 9.6346
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 2.5 Bonds AUD 4,030,000 $4,511,887 $4,511,887 2029-05-02 3.3 1.7012 7.0718
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 2.5 Bonds AUD 3,910,000 $4,436,677 $4,436,677 2028-08-08 3.3 1.4566 6.4614
ACGB 1.75 11/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.75% NOV-32 2.5 Government Bond Australia AUD 4,400,000 $4,429,876 $4,429,876 2032-11-21 1.75 1.7642 10.3114
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 2.3 Bonds AUD 3,636,000 $4,103,081 $4,103,081 2029-06-26 3.15 1.6120 7.1583
BNG 3.3 07/17/28 Corp BNG BANK NV 3.3% JUL-28 2.1 Bonds AUD 3,302,000 $3,728,239 $3,728,239 2028-07-17 3.3 1.5479 6.3954
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK 3.35% AUG-28 1.6 Bonds AUD 2,550,000 $2,877,165 $2,877,165 2028-08-08 3.35 1.5928 6.4442
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.6 Government Bond Australia AUD 2,556,000 $2,870,554 $2,870,554 2030-02-20 3.0 1.5745 7.7419
IBRD 1.1 11/18/30 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.1% NOV-30 1.6 Bonds AUD 3,032,000 $2,818,744 $2,818,744 2030-11-18 1.1 1.9091 8.9588
EUROF 3.35 05/21/29 Corp EUROFIMA 3.35% MAY-29 1.5 Bonds AUD 2,450,000 $2,763,061 $2,763,061 2029-05-21 3.35 1.8432 6.9983
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.5 Government Bond Australia AUD 2,450,000 $2,743,351 $2,743,351 2029-04-20 3.0 1.4233 7.1190
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 1.5 Government Bond AUD 2,330,000 $2,721,510 $2,721,510 2030-08-21 3.5 1.6307 7.9980
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.25% JUL-28 1.5 Government Bond AUD 2,340,000 $2,682,131 $2,682,131 2028-07-21 3.25 1.2620 6.4329
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.2 Government Bond AUD 1,940,000 $2,223,570 $2,223,570 2029-08-21 3.25 1.4607 7.3022
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.2 Government Bond AUD 1,967,000 $2,202,155 $2,202,155 2028-10-20 3.0 1.3318 6.7183
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.2 Government Bond AUD 2,028,000 $2,185,931 $2,185,931 2029-10-22 2.5 1.5302 7.6354
NHFIC 1.41 06/29/32 Govt NATIONAL HOUSING FINANCE AND INVESTMENT CORP 1.41% JUN-32 1.2 Bonds AUD 2,230,000 $2,124,298 $2,124,298 2032-06-29 1.41 1.9369 10.1622
IBRD 3.3 08/14/28 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28 1.2 Bonds AUD 1,849,000 $2,096,821 $2,096,821 2028-08-14 3.3 1.4620 6.4775
TCV 4.25 12/20/32 Govt TREASURY CORP OF VICTORIA 4.25% DEC-32 1.1 Government Bond AUD 1,536,000 $1,933,962 $1,933,962 2032-12-20 4.25 1.9108 9.3499
IFC 0.75 05/24/28 Corp INTERNATIONAL FINANCE CORP 0.75% MAY-28 1.1 Euro Bond AUD 2,000,000 $1,907,290 $1,907,290 2028-05-24 0.75 1.4989 6.7852
EIB 1.3 01/27/31 Corp EUROPEAN INVESTMENT BANK 1.3% JAN-31 1.0 Bonds Supranational AUD 1,858,000 $1,766,586 $1,766,586 2031-01-27 1.3 1.8993 9.0153
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.0 Government Bond AUD 1,730,000 $1,724,879 $1,724,879 2031-08-21 1.75 1.8225 9.3303
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 0.9 Government Bond AUD 1,724,000 $1,702,424 $1,702,424 2030-11-20 1.5 1.7245 8.7638
TCV 1.5 09/10/31 Govt TREASURY CORP OF VICTORIA 1.5% SEP-31 0.9 Bonds AUD 1,674,000 $1,625,320 $1,625,320 2031-09-10 1.5 1.8372 9.4829
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 0.9 Government Bond Australia AUD 1,570,000 $1,610,404 $1,610,404 2031-03-20 2.0 1.7459 8.9066
WATC 3.25 07/20/28 Govt WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28 0.7 Government Bond Australia AUD 1,060,000 $1,216,101 $1,216,101 2028-07-20 3.25 1.2482 6.4310
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS 3.4% JUL-28 0.6 Bonds AUD 982,000 $1,113,185 $1,113,185 2028-07-24 3.4 1.5789 6.3952
SAFA 3 05/24/28 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% MAY-28 0.6 Government Bond Australia AUD 960,000 $1,084,469 $1,084,469 2028-05-24 3.0 1.2750 6.3176
NEDWBK 3.45 07/17/28 Govt NEDERLANDSE WATERSCHAPSBANK NV 3.45% JUL-28 0.6 Bonds AUD 950,000 $1,082,003 $1,082,003 2028-07-17 3.45 1.5585 6.3686
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.6 Government Bond Australia AUD 920,000 $1,020,289 $1,020,289 2029-07-24 2.75 1.4417 7.3402
NSWTC 2 03/08/33 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-33 0.5 Government Bond AUD 926,000 $925,477 $925,477 2033-03-08 2.0 2.0385 10.4443
QTC 1.5 08/20/32 Govt QUEENSLAND TREASURY CORP 1.5% AUG-32 0.5 Government Bond Australia AUD 870,000 $831,485 $831,485 2032-08-20 1.5 1.9725 10.2549
SAFA 1.75 05/24/32 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32 0.4 Government Bond AUD 660,000 $649,608 $649,608 2032-05-24 1.75 1.9919 9.8875
NSWTC 3 11/15/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% NOV-28 0.4 Government Bond Australia AUD 570,000 $639,534 $639,534 2028-11-15 3.0 1.2863 6.7890
NSWTC 1.5 02/20/32 Govt NEW SOUTH WALES TREASURY CORP 1.5% FEB-32 0.3 Government Bond AUD 650,000 $627,955 $627,955 2032-02-20 1.5 1.8832 9.8474
QTC 2.5 03/06/29 Govt QUEENSLAND TREASURY CORP 2.5% MAR-29 0.3 Government Bond AUD 550,000 $596,428 $596,428 2029-03-06 2.5 1.4165 7.1039
QTC 6.5 03/14/33 Govt QUEENSLAND TREASURY CORP 6.5% MAR-33 0.3 Government Bond AUD 382,000 $565,400 $565,400 2033-03-14 6.5 2.0190 8.9520
SAFA 2.75 05/24/30 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 2.75% MAY-30 0.3 Government Bond AUD 500,000 $551,953 $551,953 2030-05-24 2.75 1.6596 7.9536
NTTC 2.5 05/21/32 Govt NORTHERN TERRITORY TREASURY CORP 2.5% MAY-32 0.3 Government Bond Australia AUD 500,000 $516,315 $516,315 2032-05-21 2.5 2.2853 9.5032
TASCOR 2.25 01/22/32 Govt TASMANIAN PUBLIC FINANCE CORP 2.25% JAN-32 0.3 Government Bond Australia AUD 500,000 $514,385 $514,385 2032-01-22 2.25 2.0202 9.4257
QTC 1.25 03/10/31 Govt QUEENSLAND TREASURY CORP 1.25% MAR-31 0.3 Government Bond AUD 500,000 $478,053 $478,053 2031-03-10 1.25 1.7616 9.1646
WATC 1.75 10/22/31 Govt WESTERN AUSTRALIAN TREASURY CORP 1.75% OCT-31 0.3 Government Bond Australia AUD 480,000 $476,911 $476,911 2031-10-22 1.75 1.8275 9.4947
NSWTC 1.25 11/20/30 Govt NEW SOUTH WALES TREASURY CORP 1.25% NOV-30 0.3 Government Bond Australia AUD 470,000 $455,070 $455,070 2030-11-20 1.25 1.6800 8.8670
WATC 1.5 10/22/30 Govt WESTERN AUSTRALIAN TREASURY CORP 1.5% OCT-30 0.2 Government Bond Australia AUD 317,000 $311,819 $311,819 2030-10-22 1.5 1.6969 8.7566
AUSCAP 2.25 05/22/29 Govt AUSTRALIAN CAPITAL TERRITORY 2.25% MAY-29 0.2 Government Bond AUD 290,000 $309,423 $309,423 2029-05-22 2.25 1.5017 7.2851
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.2 Government Bond AUD 290,000 $286,056 $286,056 2031-10-23 1.75 1.9032 9.4899
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.1 Government Bond Australia AUD 240,000 $245,317 $245,317 2030-01-24 2.0 1.7974 7.9218
NTTC 3.5 05/21/30 Govt NORTHERN TERRITORY TREASURY CORP 3.5% MAY-30 0.1 Government Bond Australia AUD 200,000 $231,293 $231,293 2030-05-21 3.5 1.8126 7.7279
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.1 Government Bond Australia AUD 100,000 $103,950 $103,950 2029-05-21 2.0 1.5996 7.3403
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* As at 7 May 2021. Excludes cash

Sector Allocation

Australian Govt
53.6%
Australian State Govts
21.5%
Supranational Banks
12.1%
Govt Development Banks/Agencies
12.8%
Regional Authorities
0.0%
* As of 31 March 2021

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.90% 0.91%
3 months -3.58% -3.57%
6 months -4.81% -4.76%
1 year -2.21% -2.06%
3 year p.a - 5.86%
5 year p.a - 4.43%
Since inception (p.a) 1.11% 1.26%
Inception date 5-Jul-19 -
* As at 30 April 2021

Chart

Chart Type
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

DISTRIBUTIONS

Yield Information

Distribution Frequency Monthly
12 Mth Distribution Yield* (%) 1.1%
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Apr-21 2-Apr-21 20-Apr-21 $0.0465 -
1-Mar-21 2-Mar-21 16-Mar-21 $0.03948 0.81%
1-Feb-21 2-Feb-21 16-Feb-21 $0.04065 0.84%
4-Jan-21 5-Jan-21 19-Jan-21 $0.04131 0.87%
1-Dec-20 2-Dec-20 16-Dec-20 $0.03668 1.11%
2-Nov-20 3-Nov-20 17-Nov-20 $0.03544 1.15%
1-Oct-20 2-Oct-20 16-Oct-20 $0.03562 1.14%
1-Sep-20 2-Sep-20 16-Sep-20 $0.03684 1.16%
3-Aug-20 4-Aug-20 18-Aug-20 $0.03269 1.24%
1-Jul-20 2-Jul-20 16-Jul-20 $0.08295 -
1-Jun-20 2-Jun-20 17-Jun-20 $0.04999 -
1-May-20 4-May-20 18-May-20 $0.04583 -
1-Apr-20 2-Apr-20 20-Apr-20 $0.05 -
2-Mar-20 3-Mar-20 17-Mar-20 $0.04545 -
3-Feb-20 4-Feb-20 18-Feb-20 $0.05 -
2-Jan-20 3-Jan-20 17-Jan-20 $0.05261 -
2-Dec-19 3-Dec-19 17-Dec-19 $0.05037 -
1-Nov-19 4-Nov-19 18-Nov-19 $0.041 -
1-Oct-19 2-Oct-19 16-Oct-19 $0.04937 -
2-Sep-19 3-Sep-19 17-Sep-19 $0.06212 -
1-Aug-19 2-Aug-19 16-Aug-19 $0.04342 -
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ANNOUNCEMENTS

ASX Announcements: AGVT

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RESOURCES

Factsheet – AGVT
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Fund Flyer - AGVT
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Product Brochure - AGVT
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Portfolio Holdings
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Product Disclosure Statement – AGVT
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Product Disclosure Statement Update - 8 March 2021
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Annual Report - June 2020
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NRWT and Fund Payment Notice information - March 2021 distributions
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NRWT and Fund Payment Notice information - February 2021 distributions
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NRWT and Fund Payment Notice information - January 2021 distributions
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NRWT and Fund Payment Notice information - December 2020 distributions
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NRWT and Fund Payment Notice information - November 2020 distributions
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NRWT and Fund Payment Notice information - October 2020 distributions
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NRWT and Fund Payment Notice information - September 2020 distributions
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NRWT and Fund Payment Notice information - August 2020 distributions
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NRWT and Fund Payment Notice information - July 2020 distributions
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NRWT and Fund Payment Notice information - June 2020 distributions
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NRWT and Fund Payment Notice information - May 2020 distributions
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NRWT and Fund Payment Notice information - April 2020 distributions
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Interim Financial Report - December 2020
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