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 24 September 2019

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 * $51.14
* As at 20 September 2019

Profile

Net Assets* ($A) $8,182,657
Units Outstanding* (#) 160,003
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 20 September 2019
* As of close of previous day
**Certain additional costs apply. Please refer to PDS.

Trading Information

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 N/A

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.
2.61 % 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.
1.19 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.83 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%.
7.78 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 23 September 2019

Portfolio Holdings

Name Weight (%)
AUSTRALIAN GOVERNMENT 2.750 21 Nov 29 22.9
AUSTRALIAN GOVERNMENT 2.750 21 Nov 27 11.2
ASIAN DEVELOPMENT BANK MTN 3.400 10 Sep 27 6.8
AUSTRALIAN GOVERNMENT 4.750 21 Apr 27 6.3
KFW MTN 3.200 15 Mar 28 5.6
AUSTRALIAN GOVERNMENT 3.250 21 Apr 29 4.2
TREASURY CORP VICTORIA 5.500 17 Nov 26 4.2
AUSTRALIAN GOVERNMENT 2.750 21 Nov 28 4.0
AUSTRALIAN GOVERNMENT 2.500 21 May 30 4.0
QUEENSLAND TREASURY CORP 3.250 21 Aug 29 3.9
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
ACGB 2.75 11/21/29 Govt AUSTRALIAN GOVERNMENT 2.750 21 Nov 29 22.9 Government Bond Australia AUD 2,800,000 $3,266,256 $3,266,256 2029-11-21 2.75 1.0200 8.9248
ACGB 2.75 11/21/27 Govt AUSTRALIAN GOVERNMENT 2.750 21 Nov 27 11.2 Government Bond AUD 1,400,000 $1,595,538 $1,595,538 2027-11-21 2.75 0.9653 7.3290
ASIA 3.4 09/10/27 Corp ASIAN DEVELOPMENT BANK MTN 3.400 10 Sep 27 6.8 Bonds Australia AUD 840,000 $964,337 $964,337 2027-09-10 3.4 1.4265 7.0580
ACGB 4.75 04/21/27 Govt AUSTRALIAN GOVERNMENT 4.750 21 Apr 27 6.3 Government Bond Australia AUD 700,000 $895,342 $895,342 2027-04-21 4.75 0.9260 6.4710
KFW 3.2 03/15/28 Corp KFW MTN 3.200 15 Mar 28 5.6 Bonds Germany AUD 700,000 $798,112 $798,112 2028-03-15 3.2 1.4376 7.5072
ACGB 3.25 04/21/29 Govt AUSTRALIAN GOVERNMENT 3.250 21 Apr 29 4.2 Government Bond Australia AUD 500,000 $602,025 $602,025 2029-04-21 3.25 1.0088 8.3026
TCV 5.5 11/17/26 Govt TREASURY CORP VICTORIA 5.500 17 Nov 26 4.2 Government Bond Australia AUD 460,000 $595,686 $595,686 2026-11-17 5.5 1.1831 6.0420
ACGB 2.75 11/21/28 Govt AUSTRALIAN GOVERNMENT 2.750 21 Nov 28 4.0 Government Bond Australia AUD 500,000 $576,015 $576,015 2028-11-21 2.75 1.0078 8.1342
ACGB 2.5 05/21/30 Govt AUSTRALIAN GOVERNMENT 2.500 21 May 30 4.0 Government Bond Australia AUD 500,000 $573,815 $573,815 2030-05-21 2.5 1.0335 9.4040
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.250 21 Aug 29 3.9 Government Bond Australia AUD 480,000 $556,046 $556,046 2029-08-21 3.25 1.5213 8.5793
ACGB 2.25 05/21/28 Govt AUSTRALIAN GOVERNMENT 2.250 21 May 28 3.9 Government Bond Australia AUD 500,000 $552,125 $552,125 2028-05-21 2.25 0.9905 7.8658
NSWTC 3 04/20/29 Govt NEW S WALES TREASURY CRP 3.000 20 Apr 29 3.8 Government Bond Australia AUD 480,000 $545,707 $545,707 2029-04-20 3.0 1.4620 8.3244
QTC 2.75 08/20/27 Govt QUEENSLAND TREASURY CORP 2.750 20 Aug 27 3.7 Government Bond Australia AUD 480,000 $529,478 $529,478 2027-08-20 2.75 1.3695 7.1370
WATC 3 10/21/27 Govt WESTERN AUST TREAS CORP 3.000 21 Oct 27 3.6 Government Bond Australia AUD 460,000 $516,957 $516,957 2027-10-21 3.0 1.3743 7.1580
TCV 3 10/20/28 Govt TREASURY CORP VICTORIA 3.000 20 Oct 28 3.2 Government Bond Australia AUD 400,000 $455,180 $455,180 2028-10-20 3.0 1.3770 7.9450
IFC 3.15 06/26/29 Corp INTL FINANCE CORP MTN 3.150 26 Jun 29 2.0 Bonds Australia AUD 250,000 $287,113 $287,113 2029-06-26 3.15 1.5076 8.4572
ACGB 1.5 06/21/31 Govt AUSTRALIAN GOVERNMENT 1.500 21 Jun 31 1.8 Government Bond Australia AUD 250,000 $261,980 $261,980 2031-06-21 1.5 1.0647 10.7388
AUD AUD - Australia Dollar 1.1 Cash AUD 161,915 $161,915 $161,915
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS MTN 3.400 24 Jul 28 0.8 Bonds Norway AUD 100,000 $115,023 $115,023 2028-07-24 3.4 1.5714 7.6970
SAFA 3 09/20/27 Govt SOUTH AUST GOVT FIN AUTH 3.000 20 Sep 27 0.8 Government Bond Australia AUD 100,000 $112,416 $112,416 2027-09-20 3.0 1.3549 7.1698
IBRD 3 10/19/26 Corp INTL BK RECON & DEVELOP MTN 3.000 19 Oct 26 0.8 Bonds Australia AUD 100,000 $110,880 $110,880 2026-10-19 3.0 1.3792 6.3436
KOMMUN 2.9 11/27/26 Govt KOMMUNEKREDIT MTN 2.900 27 Nov 26 0.8 Bonds Denmark AUD 100,000 $108,489 $108,489 2026-11-27 2.9 1.6405 6.4512
BNG 3.3 04/26/29 Corp BNG BANK NV MTN 3.300 26 Apr 29 0.4 Bonds Netherlands AUD 50,000 $57,559 $57,559 2029-04-26 3.3 1.5935 8.2396
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* As at 20 September 2019

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 2.36% 2.34%
3 months - 5.16%
6 months - 11.07%
1 year - 16.28%
3 year p.a - 5.77%
5 year p.a - 7.12%
Since inception (p.a) 3.34% 3.35%
Inception date 5-Jul-19 -
* As at 30 August 2019

Chart

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)
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 - August 2019 distributions
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NRWT and Fund Payment Notice information - July 2019 distributions
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