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 17 July 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 * $52.08
* As at 15 July 2020

Profile

Net Assets* ($A) $20,834,326
Units Outstanding* (#) 400,044
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 15 July 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.
2.34 % 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.
1.00 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.78 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%.
7.89 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 16 July 2020

Portfolio Holdings

Name Weight (%)
AUSTRALIAN GOVERNMENT 3.250 21 APR 29 7.5
AUSTRALIAN GOVERNMENT 2.500 21 MAY 30 7.5
AUSTRALIAN GOVERNMENT 2.750 21 NOV 29 7.0
AUSTRALIAN GOVERNMENT 2.250 21 MAY 28 6.9
AUSTRALIAN GOVERNMENT 2.750 21 NOV 27 6.7
AUSTRALIAN GOVERNMENT 2.750 21 NOV 28 6.1
AUSTRALIAN GOVERNMENT 1.500 21 JUN 31 4.7
AUSTRALIAN GOVERNMENT 1.000 21 DEC 30 4.4
AUSTRALIAN GOVERNMENT 1.250 21 MAY 32 3.4
ASIAN DEVELOPMENT BANK MTN 3.300 08 AUG 28 2.7
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
ACGB 3.25 04/21/29 Govt AUSTRALIAN GOVERNMENT 3.250 21 APR 29 7.5 Government Bond AUD 1,280,000 $1,544,218 $1,544,218 2029-04-21 3.25 0.8000 7.7200
ACGB 2.5 05/21/30 Govt AUSTRALIAN GOVERNMENT 2.500 21 MAY 30 7.5 Government Bond AUD 1,340,000 $1,543,774 $1,543,774 1930-05-21 2.5 0.8800 8.8000
ACGB 2.75 11/21/29 Govt AUSTRALIAN GOVERNMENT 2.750 21 NOV 29 7.0 Government Bond AUD 1,240,000 $1,451,383 $1,451,383 2029-11-21 2.75 0.8500 8.3300
ACGB 2.25 05/21/28 Govt AUSTRALIAN GOVERNMENT 2.250 21 MAY 28 6.9 Government Bond AUD 1,274,000 $1,422,052 $1,422,052 2028-05-21 2.25 0.7200 7.2200
ACGB 2.75 11/21/27 Govt AUSTRALIAN GOVERNMENT 2.750 21 NOV 27 6.7 Government Bond AUD 1,199,000 $1,377,783 $1,377,783 2027-11-21 2.75 0.6600 6.7000
ACGB 2.75 11/21/28 Govt AUSTRALIAN GOVERNMENT 2.750 21 NOV 28 6.1 Government Bond AUD 1,090,000 $1,263,877 $1,263,877 2028-11-21 2.75 0.7700 7.5200
ACGB 1.5 06/21/31 Govt AUSTRALIAN GOVERNMENT 1.500 21 JUN 31 4.7 Government Bond AUD 915,000 $965,938 $965,938 1931-06-21 1.5 0.9600 10.0800
ACGB 1 12/21/30 Govt AUSTRALIAN GOVERNMENT 1.000 21 DEC 30 4.4 Government Bond Australia AUD 900,000 $905,796 $905,796 1930-12-21 1.0 0.9300 9.8700
ACGB 1.25 05/21/32 Govt AUSTRALIAN GOVERNMENT 1.250 21 MAY 32 3.4 Government Bond Australia AUD 685,000 $704,187 $704,187 1932-05-21 1.25 1.0000 10.9800
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK MTN 3.300 08 AUG 28 2.7 Bonds AUD 480,000 $561,024 $561,024 2028-08-08 3.3 1.1000 7.0900
BNG 3.3 07/17/28 Corp BNG BANK NV MTN 3.300 17 JUL 28 2.5 Bonds AUD 446,000 $517,886 $517,886 2028-07-17 3.3 1.1800 7.1300
BNG 3.3 04/26/29 Corp BNG BANK NV MTN 3.300 26 APR 29 2.4 Bonds AUD 420,000 $490,480 $490,480 2029-04-26 3.3 1.2700 7.6800
IFC 3.2 10/18/27 Corp INTL FINANCE CORP MTN 3.200 18 OCT 27 2.1 Bonds AUD 379,000 $435,547 $435,547 2027-10-18 3.2 1.0600 6.5000
NEDWBK 3.5 07/20/27 Corp NEDER WATERSCHAPSBANK MTN 3.500 20 JUL 27 1.9 Bonds AUD 350,000 $403,498 $403,498 2027-07-20 3.5 1.2200 6.2900
NSWTC 3 02/20/30 Govt NEW S WALES TREASURY CRP 3.000 20 FEB 30 1.7 Government Bond AUD 306,000 $349,513 $349,513 1930-02-20 3.0 1.4100 8.3400
EIB 3.3 02/03/28 Corp EUROPEAN INVESTMENT BANK MTN 3.300 03 FEB 28 1.7 Bonds AUD 300,000 $348,597 $348,597 2028-02-03 3.3 1.0600 6.6800
IADB 3.1 02/22/28 Corp INTER-AMERICAN DEVEL BK MTN 3.100 22 FEB 28 1.6 Bonds AUD 291,000 $333,364 $333,364 2028-02-22 3.1 1.1000 6.7700
NSWTC 3 04/20/29 Govt NEW S WALES TREASURY CRP 3.000 20 APR 29 1.6 Government Bond AUD 290,000 $331,427 $331,427 2029-04-20 3.0 1.2700 7.7400
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.250 21 AUG 29 1.5 Government Bond AUD 260,000 $302,955 $302,955 2029-08-21 3.25 1.3200 7.9000
TCV 3 10/20/28 Govt TREASURY CORP VICTORIA 3.000 20 OCT 28 1.4 Government Bond AUD 260,000 $296,712 $296,712 2028-10-20 3.0 1.2000 7.3500
QTC 2.75 08/20/27 Govt QUEENSLAND TREASURY CORP 2.750 20 AUG 27 1.4 Government Bond AUD 261,000 $291,540 $291,540 2027-08-20 2.75 1.0300 6.4300
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS MTN 3.400 24 JUL 28 1.4 Bonds AUD 244,000 $285,626 $285,626 2028-07-24 3.4 1.1600 7.1300
RENTEN 3.25 04/12/28 Corp LANDWIRTSCH. RENTENBANK MTN 3.250 12 APR 28 1.3 Bonds AUD 240,000 $278,186 $278,186 2028-04-12 3.25 1.1000 6.8800
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.500 21 AUG 30 1.3 Government Bond AUD 220,000 $262,154 $262,154 1930-08-21 3.5 1.4500 8.5700
NSWTC 3 03/20/28 Govt NEW S WALES TREASURY CRP 3.000 20 MAR 28 1.2 Government Bond AUD 224,000 $254,507 $254,507 2028-03-20 3.0 1.1400 6.8700
TCV 2.5 10/22/29 Govt TREASURY CORP VICTORIA 2.500 22 OCT 29 1.2 Government Bond AUD 220,000 $242,273 $242,273 2029-10-22 2.5 1.3300 8.2700
IFC 3.15 06/26/29 Corp INTL FINANCE CORP MTN 3.150 26 JUN 29 1.2 Bonds AUD 206,000 $239,854 $239,854 2029-06-26 3.15 1.2000 7.8900
ASIA 3.4 09/10/27 Corp ASIAN DEVELOPMENT BANK MTN 3.400 10 SEP 27 1.2 Bonds AUD 205,000 $238,624 $238,624 2027-09-10 3.4 1.0100 6.3700
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.250 21 JUL 28 1.1 Government Bond AUD 200,000 $231,758 $231,758 2028-07-21 3.25 1.1700 7.1500
BNG 3.5 07/19/27 Corp BNG BANK NV MTN 3.500 19 JUL 27 1.1 Bonds AUD 194,000 $224,578 $224,578 2027-07-19 3.5 1.1500 6.2900
TCV 1.5 11/20/30 Govt TREASURY CORP VICTORIA 1.500 20 NOV 30 1.0 Government Bond AUD 210,000 $210,059 $210,059 1930-11-20 1.5 1.5000 9.5200
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.750 21 AUG 31 1.0 Government Bond AUD 200,000 $202,820 $202,820 1931-08-21 1.75 1.6100 9.9800
NEDWBK 3.3 05/02/29 Corp NEDER WATERSCHAPSBANK MTN 3.300 02 MAY 29 0.9 Bonds AUD 160,000 $186,286 $186,286 2029-05-02 3.3 1.3100 7.7000
IBRD 3.3 08/14/28 Corp INTL BK RECON & DEVELOP MTN 3.300 14 AUG 28 0.8 Bonds AUD 149,000 $174,406 $174,406 2028-08-14 3.3 1.0900 7.1100
KFW 3.2 03/15/28 Corp KFW MTN 3.200 15 MAR 28 0.8 Bonds AUD 150,000 $173,385 $173,385 2028-03-15 3.2 1.0700 6.8200
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK MTN 3.350 08 AUG 28 0.8 Bonds AUD 150,000 $171,390 $171,390 2028-08-08 3.35 1.4700 7.0500
WATC 3.25 07/20/28 Govt WESTERN AUST TREAS CORP 3.250 20 JUL 28 0.7 Government Bond AUD 130,000 $150,808 $150,808 2028-07-20 3.25 1.1500 7.1500
WATC 2.75 07/24/29 Govt WESTERN AUST TREAS CORP 2.750 24 JUL 29 0.6 Government Bond AUD 120,000 $134,561 $134,561 2029-07-24 2.75 1.3200 8.0600
EUROF 3.35 05/21/29 Corp EUROFIMA MTN 3.350 21 MAY 29 0.6 Bonds AUD 100,000 $115,768 $115,768 2029-05-21 3.35 1.4400 7.7300
NSWTC 3 11/15/28 Govt NEW S WALES TREASURY CRP 3.000 15 NOV 28 0.6 Government Bond AUD 100,000 $114,481 $114,481 2028-11-15 3.0 1.1700 7.4200
SAFA 3 09/20/27 Govt SOUTH AUST GOVT FIN AUTH 3.000 20 SEP 27 0.5 Government Bond AUD 100,000 $113,242 $113,242 2027-09-20 3.0 1.0800 6.4600
WATC 1.75 10/22/31 Govt WESTERN AUST TREAS CORP 1.750 22 OCT 31 0.5 Government Bond Australia AUD 110,000 $111,791 $111,791 1931-10-22 1.75 1.5900 10.1500
NSWTC 2 03/20/31 Govt NEW S WALES TREASURY CRP 2.000 20 MAR 31 0.5 Government Bond AUD 100,000 $104,502 $104,502 1931-03-20 2.0 1.5400 9.5500
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREAS 2.000 21 MAY 29 0.5 Government Bond AUD 100,000 $104,007 $104,007 2029-05-21 2.0 1.5100 8.0700
WATC 3 10/21/27 Govt WESTERN AUST TREAS CORP 3.000 21 OCT 27 0.5 Government Bond AUD 90,000 $102,269 $102,269 2027-10-21 3.0 1.0400 6.5500
SAFA 3 05/24/28 Govt SOUTH AUST GOVT FIN AUTH 3.000 24 MAY 28 0.5 Government Bond AUD 90,000 $102,074 $102,074 2028-05-24 3.0 1.2000 7.0400
AUSCAP 1.75 10/23/31 Govt AUST CAPITAL TERRITORY 1.750 23 OCT 31 0.5 Government Bond AUD 100,000 $100,746 $100,746 1931-10-23 1.75 1.6800 10.1500
QTC 2.5 03/06/29 Govt QUEENSLAND TREASURY CORP 2.500 06 MAR 29 0.3 Government Bond AUD 60,000 $65,975 $65,975 2029-03-06 2.5 1.2800 7.7500
SAFA 1.75 05/24/32 Govt SOUTH AUST GOVT FIN AUTH 1.750 24 MAY 32 0.3 Government Bond AUD 65,000 $65,020 $65,020 1932-05-24 1.75 1.7500 10.6300
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE 2.000 24 JAN 30 0.2 Government Bond Australia AUD 40,000 $41,385 $41,385 1930-01-24 2.0 1.6100 8.6600
Download CSV
* As at 15 July 2020. Excludes cash

Sector Allocation

Australian Government
53.4%
Australian State Governments
21.2%
Supranational Banks
12.8%
Government Development Banks/Agencies
12.5%
Regional Authorities
0.0%
* As of 30 June 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.47% 0.49%
3 months 0.65% 0.57%
6 months 5.14% 5.20%
1 year - 5.96%
3 year p.a - 7.62%
5 year p.a - 6.47%
Since inception (p.a) 5.39% 5.56%
Inception date 5-Jul-19 -
* As at 30 June 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)
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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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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NRWT and Fund Payment Notice information - March 2020 distributions
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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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