Australian Government Bond ETF | AGVT | BetaShares
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OVERVIEW

About

Aims to provide diversification benefits, defensive qualities and regular monthly income via exposure to a portfolio of predominantly Australian government bonds

  • Assets are invested primarily in a portfolio of relatively ‘long-duration’ high-quality Australian government bonds
  • Eligible bonds must be AUD denominated fixed-rate bonds and have a term to maturity of between 7 to 12 years, along with minimum issuance size requirements
  • 75% of total portfolio weight allocated to bonds issued by the Australian federal and state governments
  • 25% of total portfolio weight allocated to bonds issued by supranational organisations, Australian and foreign government agencies and government-related banks (developed countries only), and non-Australian government and regional authorities (developed countries only).

Advantages

  • Defensive characteristics – government bonds have tended to rise in value in periods of equity market weakness, providing diversification benefits
  • Superior credit quality – Fund offers fixed-income exposure of superior credit quality in the Australian bond market, relative to corporate bonds
  • Regular, monthly income – Fund’s focus on longer duration bonds means income potential is typically higher than other Australian government bond funds that do not have this focus
  • Low cost – management costs of only 0.22% p.a.
  • Access – simple way to access a diversified portfolio of Australian government bonds
  • Liquidity – available to trade on the ASX like any share, capital not locked up unlike term deposits

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 31 March 2020

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 * $51.90
* As at 30 March 2020

Profile

Net Assets* ($A) $16,609,314
Units Outstanding* (#) 320,025
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 30 March 2020
* 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)
Market Makers Deutsche Securities
SMSF Eligible Yes

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

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.
2.58 % 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.
1.03 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.63 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%.
7.67 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 31 March 2020

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 4.75% APR-27 8.2
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 8.0
AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 7.1
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 7.0
AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 7.0
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.5
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.5
BNG BANK NV 3.3% APR-29 4.5
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 3.9
EUROPEAN INVESTMENT BANK 3.3% FEB-28 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 4.75 04/21/27 Govt AUSTRALIA GOVERNMENT BOND 4.75% APR-27 8.2 Government Bond Australia AUD 1,050,000 $1,353,240 $1,353,240 2027-04-21 4.75 0.5665 6.0947
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 8.0 Government Bond Australia AUD 1,080,000 $1,317,848 $1,317,848 2029-04-21 3.25 0.7312 7.9211
ACGB 2.25 05/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 7.1 Government Bond Australia AUD 1,034,000 $1,163,219 $1,163,219 2028-05-21 2.25 0.6690 7.4463
ACGB 2.5 05/21/30 Govt AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 7.0 Government Bond Australia AUD 990,000 $1,155,251 $1,155,251 2030-05-21 2.5 0.7834 9.0115
ACGB 2.75 11/21/27 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 7.0 Government Bond Australia AUD 994,000 $1,151,589 $1,151,589 2027-11-21 2.75 0.6205 6.9178
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.5 Government Bond Australia AUD 920,000 $1,077,274 $1,077,274 2028-11-21 2.75 0.7057 7.7340
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.5 Government Bond Australia AUD 900,000 $1,066,095 $1,066,095 2029-11-21 2.75 0.7597 8.5343
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 4.5 Bonds Netherlands AUD 650,000 $744,062 $744,062 2029-04-26 3.3 1.5803 7.8401
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 3.9 Government Bond Australia AUD 595,000 $636,870 $636,870 2031-06-21 1.5 0.8412 10.3192
EIB 3.3 02/03/28 Corp EUROPEAN INVESTMENT BANK 3.3% FEB-28 3.5 Bonds Supranational AUD 510,000 $580,528 $580,528 2028-02-03 3.3 1.4285 6.9546
NEDWBK 3.5 07/20/27 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.5% JUL-27 2.4 Bonds Netherlands AUD 350,000 $396,519 $396,519 2027-07-20 3.5 1.5658 6.4729
IFC 3.2 10/18/27 Corp INTERNATIONAL FINANCE CORP 3.2% OCT-27 2.3 Bonds Supranational AUD 339,000 $382,721 $382,721 2027-10-18 3.2 1.3930 6.6847
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 2.2 Bonds Supranational AUD 321,000 $366,659 $366,659 2029-06-26 3.15 1.4947 8.0534
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.8 Government Bond Australia AUD 300,000 $301,884 $301,884 2031-08-21 1.75 1.6880 10.2714
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.7 Government Bond Australia AUD 246,000 $280,807 $280,807 2030-02-20 3.0 1.4573 8.6362
QTC 2.75 08/20/27 Govt QUEENSLAND TREASURY CORP 2.75% AUG-27 1.6 Government Bond Australia AUD 231,000 $256,955 $256,955 2027-08-20 2.75 1.1579 6.7173
ASIA 3.4 09/10/27 Corp ASIAN DEVELOPMENT BANK 3.4% SEP-27 1.5 Bonds Supranational AUD 220,000 $251,801 $251,801 2027-09-10 3.4 1.3506 6.6409
NSWTC 3 03/20/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAR-28 1.5 Government Bond Australia AUD 219,000 $248,484 $248,484 2028-03-20 3.0 1.2209 7.1549
NSWTC 3 05/20/27 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAY-27 1.5 Government Bond Australia AUD 220,000 $247,933 $247,933 2027-05-20 3.0 1.1408 6.4210
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.5 Government Bond Australia AUD 210,000 $239,789 $239,789 2029-04-20 3.0 1.3309 7.9276
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.25% JUL-28 1.4 Government Bond Australia AUD 200,000 $231,252 $231,252 2028-07-21 3.25 1.2614 7.3382
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 1.4 Bonds Supranational AUD 200,000 $229,058 $229,058 2028-08-08 3.3 1.4467 7.3618
KFW 3.2 03/15/28 Corp KREDITANSTALT FUER WIEDERAUFBAU 3.2% MAR-28 1.4 Bonds Germany AUD 200,000 $227,088 $227,088 2028-03-15 3.2 1.3944 7.0891
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.3 Government Bond Australia AUD 190,000 $221,185 $221,185 2029-08-21 3.25 1.3795 8.1922
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.2 Government Bond Australia AUD 170,000 $194,485 $194,485 2028-10-20 3.0 1.2207 7.5438
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.1 Government Bond Australia AUD 170,000 $187,032 $187,032 2029-10-22 2.5 1.3769 8.4712
IBRD 3.3 08/14/28 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28 1.0 Bonds Supranational AUD 149,000 $170,912 $170,912 2028-08-14 3.3 1.4291 7.3796
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK 3.35% AUG-28 1.0 Bonds Supranational AUD 150,000 $169,053 $169,053 2028-08-08 3.35 1.7112 7.3299
BNG 3.3 07/17/28 Corp BNG BANK NV 3.3% JUL-28 1.0 Bonds Netherlands AUD 146,000 $165,627 $165,627 2028-07-17 3.3 1.5647 7.2925
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS 3.4% JUL-28 1.0 Bonds Norway AUD 144,000 $164,870 $164,870 2028-07-24 3.4 1.5355 7.2923
BNG 3.5 07/19/27 Corp BNG BANK NV 3.5% JUL-27 0.9 Bonds Netherlands AUD 134,000 $152,491 $152,491 2027-07-19 3.5 1.4964 6.4746
RENTEN 2.6 03/23/27 Corp LANDWIRTSCHAFTLICHE RENTENBANK 2.6% MAR-27 0.9 Bonds Germany AUD 140,000 $150,875 $150,875 2027-03-23 2.6 1.4256 6.3975
IADB 3.1 02/22/28 Corp INTER-AMERICAN DEVELOPMENT BANK 3.1% FEB-28 0.9 Bonds Supranational AUD 131,000 $146,868 $146,868 2028-02-22 3.1 1.4684 7.0434
WATC 3.25 07/20/28 Govt WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28 0.7 Government Bond Australia AUD 100,000 $115,713 $115,713 2028-07-20 3.25 1.2506 7.3363
SAFA 3 09/20/27 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% SEP-27 0.7 Government Bond Australia AUD 100,000 $112,860 $112,860 2027-09-20 3.0 1.1935 6.7487
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.6 Government Bond Australia AUD 100,000 $103,376 $103,376 2029-05-21 2.0 1.6002 8.2846
WATC 3 10/21/27 Govt WESTERN AUSTRALIAN TREASURY CORP 3.0% OCT-27 0.6 Government Bond Australia AUD 90,000 $101,570 $101,570 2027-10-21 3.0 1.2128 6.7452
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.6 Government Bond Australia AUD 100,000 $101,042 $101,042 2031-10-23 1.75 1.6491 10.3554
RENTEN 3.25 04/12/28 Corp LANDWIRTSCHAFTLICHE RENTENBANK 3.25% APR-28 0.6 Bonds Germany AUD 80,000 $90,571 $90,571 2028-04-12 3.25 1.4968 7.0469
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 0.4 Government Bond Australia AUD 60,000 $71,696 $71,696 2030-08-21 3.5 1.4692 8.8664
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 0.4 Bonds Netherlands AUD 60,000 $68,449 $68,449 2029-05-02 3.3 1.6259 7.8524
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 0.4 Government Bond Australia AUD 60,000 $60,067 $60,067 2030-11-20 1.5 1.4880 9.7414
AUD AUD - AUSTRALIA DOLLAR 0.1 Cash AUD 10,695 $10,695 $10,695
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* As at 30 March 2020

Sector Allocation

Australian Government
53.1%
Australian State Governments
22.0%
Supranational Banks
12.9%
Government Development Banks/Agencies
10.7%
Regional Authorities
1.3%
* As of 8 July 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 1.17% 1.21%
3 months 2.08% 2.14%
6 months 1.48% 1.61%
1 year - 12.85%
3 year p.a - 8.12%
5 year p.a - 5.72%
Since inception (p.a) 4.86% 5.01%
Inception date 5-Jul-19 -
* As at 28 February 2020

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

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
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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NRWT and Fund Payment Notice information - February 2020 distributions
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NRWT and Fund Payment Notice information - January 2020 distributions
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NRWT and Fund Payment Notice information - December 2019 distributions
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NRWT and Fund Payment Notice information - November 2019 distributions
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NRWT and Fund Payment Notice information - October 2019 distributions
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NRWT and Fund Payment Notice information - September 2019 distributions
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NRWT and Fund Payment Notice information - August 2019 distributions
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NRWT and Fund Payment Notice information - July 2019 distributions
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2020 BetaShares Distribution Calendar
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