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

Superior 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 22 October 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* $49.48
* As at 21 October 2021

Profile

Net Assets* ($A) $203,145,504
Units Outstanding* (#) 4,105,499
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 Citigroup Pty Limited
Custodian Citigroup Pty Limited
Registry Link Market Services
Auditor KPMG
* As at 21 October 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.
2.22 % 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.
1.82 % 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%.
7.97 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 22 October 2021

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.6
BNG BANK NV 3.3% APR-29 6.6
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 6.2
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.2
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.0
AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 5.7
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 5.7
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 5.7
AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 4.5
INTERNATIONAL FINANCE CORP 3.15% JUN-29 4.3
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 6.6 Government Bond AUD 12,380,000 $13,360,867 $13,360,867 2030-05-21 2.5 1.6400 7.6601
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 6.6 Bonds Netherlands AUD 12,255,000 $13,354,702 $13,354,702 2029-04-26 3.3 2.0053 6.6789
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 6.2 Government Bond Australia AUD 13,450,000 $12,682,476 $12,682,476 2030-12-21 1.0 1.7175 8.6477
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.2 Government Bond AUD 11,270,000 $12,658,182 $12,658,182 2029-04-21 3.25 1.5100 6.7055
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.0 Government Bond AUD 11,040,000 $12,143,227 $12,143,227 2029-11-21 2.75 1.5825 7.1970
ACGB 1 11/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 5.7 Government Bond Australia AUD 12,449,000 $11,599,854 $11,599,854 2031-11-21 1.0 1.7900 9.4537
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 5.7 Government Bond AUD 10,470,000 $11,493,181 $11,493,181 2028-11-21 2.75 1.4663 6.3872
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 5.7 Government Bond AUD 11,675,000 $11,480,028 $11,480,028 2031-06-21 1.5 1.7475 8.8889
ACGB 1.25 05/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 4.5 Government Bond Australia AUD 9,715,000 $9,234,545 $9,234,545 2032-05-21 1.25 1.8225 9.7670
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 4.3 Bonds AUD 7,936,000 $8,706,784 $8,706,784 2029-06-26 3.15 1.9288 6.7798
ACGB 4.5 04/21/33 Govt AUSTRALIA GOVERNMENT BOND 4.5% APR-33 3.7 Government Bond Australia AUD 5,860,000 $7,477,829 $7,477,829 2033-04-21 4.5 1.8300 9.3243
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 3.6 Bonds AUD 6,630,000 $7,221,363 $7,221,363 2029-05-02 3.3 2.0071 6.6976
ACGB 1.75 11/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.75% NOV-32 2.9 Government Bond AUD 5,850,000 $5,834,176 $5,834,176 2032-11-21 1.75 1.8525 9.9382
IBRD 1.1 11/18/30 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.1% NOV-30 2.7 Bonds AUD 6,032,000 $5,535,958 $5,535,958 2030-11-18 1.1 2.1629 8.4887
NHFIC 1.41 06/29/32 Govt NATIONAL HOUSING FINANCE AND INVESTMENT CORP 1.41% JUN-32 2.6 Bonds AUD 5,580,000 $5,247,962 $5,247,962 2032-06-29 1.41 2.0826 9.7670
EUROF 3.35 05/21/29 Corp EUROFIMA 3.35% MAY-29 2.5 Bonds AUD 4,550,000 $5,000,154 $5,000,154 2029-05-21 3.35 2.1344 6.6302
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.7 Government Bond Australia AUD 3,206,000 $3,510,762 $3,510,762 2030-02-20 3.0 1.8335 7.3651
EIB 1.3 01/27/31 Corp EUROPEAN INVESTMENT BANK 1.3% JAN-31 1.6 Bonds AUD 3,599,000 $3,350,435 $3,350,435 2031-01-27 1.3 2.1662 8.6004
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 1.6 Government Bond AUD 2,830,000 $3,220,285 $3,220,285 2030-08-21 3.5 1.8738 7.6356
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.6 Government Bond Australia AUD 2,950,000 $3,213,922 $3,213,922 2029-04-20 3.0 1.7275 6.7344
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.4 Government Bond AUD 2,470,000 $2,752,630 $2,752,630 2029-08-21 3.25 1.7575 6.9242
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.3 Government Bond AUD 2,447,000 $2,663,584 $2,663,584 2028-10-20 3.0 1.6600 6.3290
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.3 Government Bond AUD 2,528,000 $2,656,283 $2,656,283 2029-10-22 2.5 1.8184 7.2446
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 1.2 Government Bond Australia AUD 2,370,000 $2,373,614 $2,373,614 2031-03-20 2.0 2.0053 8.5141
TCV 4.25 12/20/32 Govt TREASURY CORP OF VICTORIA 4.25% DEC-32 1.1 Government Bond AUD 1,836,000 $2,248,531 $2,248,531 2032-12-20 4.25 2.1261 9.0194
BNG 1.6 11/27/30 Govt BNG BANK NV 1.6% NOV-30 1.1 Government Bond Netherlands AUD 2,300,000 $2,201,077 $2,201,077 2030-11-27 1.6 2.2055 8.3240
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 1.1 Government Bond AUD 2,224,000 $2,154,133 $2,154,133 2030-11-20 1.5 1.9581 8.3599
TCV 1.5 09/10/31 Govt TREASURY CORP OF VICTORIA 1.5% SEP-31 1.0 Bonds AUD 2,224,000 $2,116,803 $2,116,803 2031-09-10 1.5 2.0635 9.0800
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.0 Government Bond AUD 2,080,000 $2,032,389 $2,032,389 2031-08-21 1.75 2.0438 8.9333
NSWTC 1.5 02/20/32 Govt NEW SOUTH WALES TREASURY CORP 1.5% FEB-32 0.9 Government Bond Australia AUD 1,850,000 $1,748,093 $1,748,093 2032-02-20 1.5 2.1269 9.4423
NSWTC 2 03/08/33 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-33 0.6 Government Bond AUD 1,276,000 $1,250,033 $1,250,033 2033-03-08 2.0 2.2301 10.0680
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.6 Government Bond Australia AUD 1,120,000 $1,210,955 $1,210,955 2029-07-24 2.75 1.7225 6.9543
QTC 1.5 08/20/32 Govt QUEENSLAND TREASURY CORP 1.5% AUG-32 0.6 Government Bond AUD 1,270,000 $1,193,902 $1,193,902 2032-08-20 1.5 2.1522 9.8584
SAFA 2.75 05/24/30 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 2.75% MAY-30 0.5 Government Bond AUD 1,000,000 $1,079,030 $1,079,030 2030-05-24 2.75 1.8944 7.5807
QTC 1.5 03/02/32 Govt QUEENSLAND TREASURY CORP 1.5% MAR-32 0.5 Government Bond Australia AUD 1,050,000 $994,576 $994,576 2032-03-02 1.5 2.0939 9.4780
TCV 2.25 09/15/33 Govt TREASURY CORP OF VICTORIA 2.25% SEP-33 0.3 Government Bond Australia AUD 650,000 $649,977 $649,977 2033-09-15 2.25 2.2748 10.3497
SAFA 1.75 05/24/32 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32 0.3 Government Bond Australia AUD 660,000 $639,702 $639,702 2032-05-24 1.75 2.1549 9.5058
NSWTC 3 11/15/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% NOV-28 0.3 Government Bond AUD 570,000 $630,531 $630,531 2028-11-15 3.0 1.6030 6.3164
WATC 1.5 10/22/30 Govt WESTERN AUSTRALIAN TREASURY CORP 1.5% OCT-30 0.3 Government Bond Australia AUD 617,000 $597,120 $597,120 2030-10-22 1.5 1.8935 8.3509
QTC 2.5 03/06/29 Govt QUEENSLAND TREASURY CORP 2.5% MAR-29 0.3 Government Bond AUD 550,000 $582,871 $582,871 2029-03-06 2.5 1.6833 6.7116
WATC 1.75 10/22/31 Govt WESTERN AUSTRALIAN TREASURY CORP 1.75% OCT-31 0.3 Government Bond Australia AUD 580,000 $565,923 $565,923 2031-10-22 1.75 2.0217 9.1020
QTC 6.5 03/14/33 Govt QUEENSLAND TREASURY CORP 6.5% MAR-33 0.3 Government Bond AUD 382,000 $550,808 $550,808 2033-03-14 6.5 2.1723 8.6639
NTTC 2.5 05/21/32 Govt NORTHERN TERRITORY TREASURY CORP 2.5% MAY-32 0.3 Government Bond AUD 500,000 $510,265 $510,265 2032-05-21 2.5 2.3945 9.1541
AUSCAP 1.75 05/17/30 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% MAY-30 0.2 Government Bond AUD 500,000 $497,573 $497,573 2030-05-17 1.75 1.9097 7.8457
QTC 1.25 03/10/31 Govt QUEENSLAND TREASURY CORP 1.25% MAR-31 0.2 Government Bond AUD 500,000 $469,568 $469,568 2031-03-10 1.25 1.9834 8.7515
NSWTC 1.25 11/20/30 Govt NEW SOUTH WALES TREASURY CORP 1.25% NOV-30 0.2 Government Bond Australia AUD 470,000 $446,385 $446,385 2030-11-20 1.25 1.9216 8.4540
AUSCAP 2.25 05/22/29 Govt AUSTRALIAN CAPITAL TERRITORY 2.25% MAY-29 0.1 Government Bond AUD 290,000 $302,640 $302,640 2029-05-22 2.25 1.7685 6.8921
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.1 Government Bond AUD 290,000 $280,292 $280,292 2031-10-23 1.75 2.1252 9.0953
TASCOR 2.25 01/22/32 Govt TASMANIAN PUBLIC FINANCE CORP 2.25% JAN-32 0.1 Government Bond AUD 250,000 $251,725 $251,725 2032-01-22 2.25 2.2385 9.0488
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.1 Government Bond Australia AUD 240,000 $241,529 $241,529 2030-01-24 2.0 1.9832 7.5294
NTTC 3.5 05/21/30 Govt NORTHERN TERRITORY TREASURY CORP 3.5% MAY-30 0.1 Government Bond Australia AUD 200,000 $227,276 $227,276 2030-05-21 3.5 1.9551 7.3806
NTTC 3.75 04/21/33 Govt NORTHERN TERRITORY TREASURY CORP 3.75% APR-33 0.1 Government Bond Australia AUD 200,000 $224,640 $224,640 2033-04-21 3.75 2.5136 9.4518
NTTC 2 04/21/31 Govt NORTHERN TERRITORY TREASURY CORP 2.0% APR-31 0.1 Government Bond Australia AUD 200,000 $195,956 $195,956 2031-04-21 2.0 2.2410 8.5788
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.1 Government Bond Australia AUD 100,000 $102,008 $102,008 2029-05-21 2.0 1.8366 6.9437
Download CSV
* As at 21 October 2021. Excludes cash

Sector Allocation

Australian Govt
53.3%
Australian State Govts
21.8%
Supranational Banks
11.2%
Govt Development Banks/Agencies
13.7%
Regional Authorities
0.0%
* As of 30 September 2021

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -2.43% -2.38%
3 months 0.28% 0.36%
6 months 2.54% 2.68%
1 year -2.88% -2.71%
3 year p.a - 5.73%
5 year p.a - 3.66%
Since inception (p.a) 1.63% 1.81%
Inception date 5-Jul-19 -
* As at 30 September 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* (%) 1.0%
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Oct-21 4-Oct-21 18-Oct-21 $0.05547 0.85%
1-Sep-21 2-Sep-21 16-Sep-21 $0.05255 0.83%
2-Aug-21 3-Aug-21 17-Aug-21 $0.05139 0.80%
1-Jul-21 2-Jul-21 16-Jul-21 $0.03927 0.76%
1-Jun-21 2-Jun-21 17-Jun-21 $0.04207 0.74%
3-May-21 4-May-21 18-May-21 $0.04113 0.73%
1-Apr-21 6-Apr-21 20-Apr-21 $0.0465 0.80%
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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Investor Guide to BetaShares Fixed Income Solutions
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Portfolio Holdings
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Product Disclosure Statement – AGVT
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Product Disclosure Statement Update – 20 September 2021
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Product Disclosure Statement Update - 8 March 2021
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Annual Report - June 2021
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Interim Financial Report - December 2020
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NRWT and Fund Payment Notice information - September 2021 distributions
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NRWT and Fund Payment Notice information - August 2021 distributions
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NRWT and Fund Payment Notice information - July 2021 distributions
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NRWT and Fund Payment Notice information - June 2021 distributions
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NRWT and Fund Payment Notice information - May 2021 distributions
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NRWT and Fund Payment Notice information - April 2021 distributions
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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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