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 21 February 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 * $51.29
* As at 19 February 2020

Profile

Net Assets* ($A) $22,567,733
Units Outstanding* (#) 440,020
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 19 February 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 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.
2.59 % 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.
1.17 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.70 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%.
7.72 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 20 February 2020

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 4.75% APR-27 8.2
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.8
AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 7.3
AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 7.3
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 7.2
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.8
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.6
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 4.2
KREDITANSTALT FUER WIEDERAUFBAU 3.2% MAR-28 3.5
BNG BANK NV 3.3% APR-29 3.3
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 1,460,000 $1,849,499 $1,849,499 2027-04-21 4.75 0.8930 6.1762
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.8 Government Bond Australia AUD 1,470,000 $1,757,444 $1,757,444 2029-04-21 3.25 1.0088 7.9979
ACGB 2.75 11/21/27 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 7.3 Government Bond Australia AUD 1,444,000 $1,639,229 $1,639,229 2027-11-21 2.75 0.9347 7.0011
ACGB 2.25 05/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 7.3 Government Bond Australia AUD 1,484,000 $1,634,492 $1,634,492 2028-05-21 2.25 0.9665 7.5296
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 7.2 Government Bond Australia AUD 1,400,000 $1,623,636 $1,623,636 2029-11-21 2.75 1.0225 8.6117
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.8 Government Bond Australia AUD 1,320,000 $1,513,987 $1,513,987 2028-11-21 2.75 0.9902 7.8145
ACGB 2.5 05/21/30 Govt AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.6 Government Bond Australia AUD 1,300,000 $1,484,301 $1,484,301 2030-05-21 2.5 1.0370 9.0881
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 4.2 Government Bond Australia AUD 895,000 $935,642 $935,642 2031-06-21 1.5 1.0730 10.3973
KFW 3.2 03/15/28 Corp KREDITANSTALT FUER WIEDERAUFBAU 3.2% MAR-28 3.5 Bonds Germany AUD 700,000 $795,522 $795,522 2028-03-15 3.2 1.4025 7.0925
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 3.3 Bonds Netherlands AUD 650,000 $748,813 $748,813 2029-04-26 3.3 1.5177 7.9492
EIB 3.3 02/03/28 Corp EUROPEAN INVESTMENT BANK 3.3% FEB-28 2.6 Bonds Supranational AUD 510,000 $584,608 $584,608 2028-02-03 3.3 1.3513 7.0637
ASIA 3.4 09/10/27 Corp ASIAN DEVELOPMENT BANK 3.4% SEP-27 2.1 Bonds Supranational AUD 420,000 $481,614 $481,614 2027-09-10 3.4 1.3476 6.6461
NEDWBK 3.5 07/20/27 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.5% JUL-27 1.8 Bonds Netherlands AUD 350,000 $399,616 $399,616 2027-07-20 3.5 1.4719 6.5825
IFC 3.2 10/18/27 Corp INTERNATIONAL FINANCE CORP 3.2% OCT-27 1.7 Bonds Supranational AUD 339,000 $384,562 $384,562 2027-10-18 3.2 1.3446 6.7911
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 1.6 Bonds Supranational AUD 321,000 $369,022 $369,022 2029-06-26 3.15 1.4323 8.1625
RENTEN 2.6 03/23/27 Corp LANDWIRTSCHAFTLICHE RENTENBANK 2.6% MAR-27 1.6 Bonds Germany AUD 340,000 $368,737 $368,737 2027-03-23 2.6 1.3440 6.4290
QTC 2.75 08/20/27 Govt QUEENSLAND TREASURY CORP 2.75% AUG-27 1.6 Government Bond Australia AUD 331,000 $366,086 $366,086 2027-08-20 2.75 1.2623 6.8148
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.6 Government Bond Australia AUD 310,000 $360,118 $360,118 2029-08-21 3.25 1.4230 8.2916
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.5 Government Bond Australia AUD 290,000 $330,484 $330,484 2029-04-20 3.0 1.3718 8.0269
NSWTC 3 03/20/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAR-28 1.5 Government Bond Australia AUD 289,000 $327,050 $327,050 2028-03-20 3.0 1.2775 7.1602
NSWTC 3 05/20/27 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAY-27 1.5 Government Bond Australia AUD 290,000 $325,870 $325,870 2027-05-20 3.0 1.2094 6.5207
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.25% JUL-28 1.4 Government Bond Australia AUD 280,000 $322,806 $322,806 2028-07-21 3.25 1.3223 7.4371
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.4 Government Bond Australia AUD 276,000 $316,152 $316,152 2030-02-20 3.0 1.4319 8.7425
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.4 Government Bond Australia AUD 300,000 $304,158 $304,158 2031-08-21 1.75 1.6174 10.3833
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.3 Government Bond Australia AUD 250,000 $284,805 $284,805 2028-10-20 3.0 1.2940 7.6407
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.2 Government Bond Australia AUD 240,000 $263,813 $263,813 2029-10-22 2.5 1.3981 8.5722
WATC 3 10/21/27 Govt WESTERN AUSTRALIAN TREASURY CORP 3.0% OCT-27 1.2 Government Bond Australia AUD 230,000 $259,021 $259,021 2027-10-21 3.0 1.2653 6.8448
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 1.0 Bonds Supranational AUD 200,000 $229,990 $229,990 2028-08-08 3.3 1.4124 7.4682
SAFA 3 05/24/28 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% MAY-28 0.9 Government Bond Australia AUD 170,000 $191,884 $191,884 2028-05-24 3.0 1.3455 7.3325
IBRD 3.3 08/14/28 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28 0.8 Bonds Supranational AUD 149,000 $171,810 $171,810 2028-08-14 3.3 1.3792 7.4872
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK 3.35% AUG-28 0.8 Bonds Supranational AUD 150,000 $170,534 $170,534 2028-08-08 3.35 1.6118 7.4414
BNG 3.3 07/17/28 Corp BNG BANK NV 3.3% JUL-28 0.7 Bonds Netherlands AUD 146,000 $166,662 $166,662 2028-07-17 3.3 1.4995 7.4013
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS 3.4% JUL-28 0.7 Bonds Norway AUD 144,000 $165,668 $165,668 2028-07-24 3.4 1.4906 7.3995
BNG 3.5 07/19/27 Corp BNG BANK NV 3.5% JUL-27 0.7 Bonds Netherlands AUD 134,000 $153,325 $153,325 2027-07-19 3.5 1.4387 6.5819
IADB 3.1 02/22/28 Corp INTER-AMERICAN DEVELOPMENT BANK 3.1% FEB-28 0.7 Bonds Supranational AUD 131,000 $147,716 $147,716 2028-02-22 3.1 1.4069 7.1514
WATC 3.25 07/20/28 Govt WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28 0.5 Government Bond Australia AUD 100,000 $115,333 $115,333 2028-07-20 3.25 1.3165 7.4348
SAFA 3 09/20/27 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% SEP-27 0.5 Government Bond Australia AUD 100,000 $112,411 $112,411 2027-09-20 3.0 1.2746 6.7577
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 0.5 Government Bond Australia AUD 100,000 $104,461 $104,461 2031-03-20 2.0 1.5594 9.8546
NSWTC 3 11/15/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% NOV-28 0.5 Government Bond Australia AUD 90,000 $102,536 $102,536 2028-11-15 3.0 1.3052 7.7089
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.5 Government Bond Australia AUD 100,000 $102,302 $102,302 2029-05-21 2.0 1.7287 8.3774
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.4 Government Bond Australia AUD 90,000 $100,524 $100,524 2029-07-24 2.75 1.4188 8.3519
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.4 Government Bond Australia AUD 100,000 $100,414 $100,414 2031-10-23 1.75 1.7104 10.4506
RENTEN 3.25 04/12/28 Corp LANDWIRTSCHAFTLICHE RENTENBANK 3.25% APR-28 0.4 Bonds Germany AUD 80,000 $91,290 $91,290 2028-04-12 3.25 1.4070 7.1569
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 0.3 Government Bond Australia AUD 60,000 $71,739 $71,739 2030-08-21 3.5 1.4797 8.9687
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 0.3 Bonds Netherlands AUD 60,000 $68,897 $68,897 2029-05-02 3.3 1.5609 7.9623
AUD AUD - AUSTRALIA DOLLAR 0.1 Cash AUD 24,331 $24,331 $24,331
Download CSV
* As at 19 February 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 3.40% 3.41%
3 months 1.97% 2.01%
6 months 2.67% 2.74%
1 year - 13.00%
3 year p.a - 7.73%
5 year p.a - 5.48%
Since inception (p.a) 3.65% 3.76%
Inception date 5-Jul-19 -
* As at 31 January 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 - 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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