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 4 March 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* $49.99
* As at 3 March 2021

Profile

Net Assets* ($A) $172,215,158
Units Outstanding* (#) 3,445,128
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 3 March 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)
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
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.
2.29 % 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.
1.56 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.72 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%.
7.85 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 04 March 2021

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.9
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.9
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.6
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.3
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 5.8
AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 5.8
BNG BANK NV 3.3% APR-29 5.4
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 5.0
AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 4.8
AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 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 2.5 05/21/30 Govt AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.9 Government Bond AUD 10,940,000 $11,919,568 $11,919,568 2030-05-21 2.5 1.5392 8.2045
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.9 Government Bond AUD 10,240,000 $11,840,000 $11,840,000 2029-04-21 3.25 1.3710 7.1495
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.6 Government Bond AUD 10,200,000 $11,348,520 $11,348,520 2029-11-21 2.75 1.4670 7.7407
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.3 Government Bond AUD 9,680,000 $10,784,633 $10,784,633 2028-11-21 2.75 1.2997 6.9426
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 5.8 Government Bond Australia AUD 10,560,000 $9,976,402 $9,976,402 2030-12-21 1.0 1.6368 9.2360
ACGB 2.25 05/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 5.8 Government Bond AUD 9,234,000 $9,949,727 $9,949,727 2028-05-21 2.25 1.2195 6.6313
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 5.4 Bonds Netherlands AUD 8,270,000 $9,301,352 $9,301,352 2029-04-26 3.3 1.8046 7.1183
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 5.0 Government Bond AUD 8,715,000 $8,598,175 $8,598,175 2031-06-21 1.5 1.6760 9.4552
ACGB 1 11/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 4.8 Government Bond Australia AUD 8,920,000 $8,308,757 $8,308,757 2031-11-21 1.0 1.7345 10.0336
ACGB 1.25 05/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 3.5 Government Bond Australia AUD 6,375,000 $6,060,617 $6,060,617 2032-05-21 1.25 1.7737 10.3330
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 2.6 Bonds AUD 3,910,000 $4,412,200 $4,412,200 2028-08-08 3.3 1.5013 6.6341
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 2.4 Bonds AUD 3,636,000 $4,071,902 $4,071,902 2029-06-26 3.15 1.6776 7.3277
RENTEN 3.25 04/12/28 Corp LANDWIRTSCHAFTLICHE RENTENBANK 3.25% APR-28 2.1 Bonds AUD 3,170,000 $3,592,054 $3,592,054 2028-04-12 3.25 1.4631 6.3212
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.8 Government Bond Australia AUD 2,796,000 $3,103,672 $3,103,672 2030-02-20 3.0 1.6869 7.9076
NSWTC 3 03/20/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAR-28 1.8 Government Bond Australia AUD 2,714,000 $3,056,127 $3,056,127 2028-03-20 3.0 1.3260 6.3118
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.25% JUL-28 1.8 Government Bond AUD 2,690,000 $3,051,509 $3,051,509 2028-07-21 3.25 1.3852 6.6009
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.7 Government Bond Australia AUD 2,620,000 $2,946,937 $2,946,937 2029-04-20 3.0 1.5112 7.1916
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 1.7 Government Bond AUD 2,480,000 $2,869,521 $2,869,521 2030-08-21 3.5 1.7110 8.1653
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK 3.35% AUG-28 1.7 Bonds AUD 2,550,000 $2,850,020 $2,850,020 2028-08-08 3.35 1.6937 6.6132
IBRD 1.1 11/18/30 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.1% NOV-30 1.6 Bonds AUD 3,032,000 $2,809,936 $2,809,936 2030-11-18 1.1 1.9715 9.0766
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.5 Government Bond AUD 2,240,000 $2,542,669 $2,542,669 2029-08-21 3.25 1.5559 7.4702
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.5 Government Bond AUD 2,267,000 $2,542,577 $2,542,577 2028-10-20 3.0 1.4670 6.7938
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.4 Government Bond AUD 2,228,000 $2,402,586 $2,402,586 2029-10-22 2.5 1.6392 7.7127
TCV 4.25 12/20/32 Govt TREASURY CORP OF VICTORIA 4.25% DEC-32 1.4 Government Bond AUD 1,886,000 $2,344,317 $2,344,317 2032-12-20 4.25 2.0108 9.5070
KFW 3.2 03/15/28 Corp KREDITANSTALT FUER WIEDERAUFBAU 3.2% MAR-28 1.3 Bonds AUD 2,042,000 $2,280,567 $2,280,567 2028-03-15 3.2 1.4351 6.3449
EUROF 3.35 05/21/29 Corp EUROFIMA 3.35% MAY-29 1.3 Bonds AUD 1,950,000 $2,187,149 $2,187,149 2029-05-21 3.35 1.8744 7.1711
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 1.2 Government Bond AUD 2,124,000 $2,072,036 $2,072,036 2030-11-20 1.5 1.8268 8.9304
BNG 3.3 07/17/28 Corp BNG BANK NV 3.3% JUL-28 1.2 Bonds AUD 1,802,000 $2,014,303 $2,014,303 2028-07-17 3.3 1.6591 6.5639
WATC 3.25 07/20/28 Govt WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28 1.0 Government Bond Australia AUD 1,510,000 $1,717,867 $1,717,867 2028-07-20 3.25 1.3422 6.6008
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.0 Government Bond AUD 1,730,000 $1,708,176 $1,708,176 2031-08-21 1.75 1.8911 9.4987
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 0.9 Government Bond Australia AUD 1,570,000 $1,605,749 $1,605,749 2031-03-20 2.0 1.8526 8.9812
TCV 1.5 09/10/31 Govt TREASURY CORP OF VICTORIA 1.5% SEP-31 0.9 Bonds AUD 1,674,000 $1,600,972 $1,600,972 2031-09-10 1.5 1.9606 9.6437
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 0.7 Bonds AUD 1,110,000 $1,246,103 $1,246,103 2029-05-02 3.3 1.8264 7.1338
IBRD 3.3 08/14/28 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28 0.7 Bonds AUD 1,049,000 $1,183,335 $1,183,335 2028-08-14 3.3 1.5026 6.6505
NHFIC 1.41 06/29/32 Govt NATIONAL HOUSING FINANCE AND INVESTMENT CORP 1.41% JUN-32 0.7 Bonds AUD 1,230,000 $1,160,702 $1,160,702 2032-06-29 1.41 1.9953 10.3300
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS 3.4% JUL-28 0.6 Bonds AUD 982,000 $1,102,766 $1,102,766 2028-07-24 3.4 1.6797 6.5642
SAFA 3 05/24/28 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% MAY-28 0.6 Government Bond Australia AUD 960,000 $1,073,486 $1,073,486 2028-05-24 3.0 1.3972 6.4859
NEDWBK 3.45 07/17/28 Govt NEDERLANDSE WATERSCHAPSBANK NV 3.45% JUL-28 0.6 Bonds AUD 950,000 $1,071,377 $1,071,377 2028-07-17 3.45 1.6674 6.5371
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.6 Government Bond Australia AUD 920,000 $1,012,235 $1,012,235 2029-07-24 2.75 1.5134 7.5104
QTC 1.5 08/20/32 Govt QUEENSLAND TREASURY CORP 1.5% AUG-32 0.5 Government Bond Australia AUD 1,000,000 $943,970 $943,970 2032-08-20 1.5 2.0580 10.4204
IFC 0.75 05/24/28 Corp INTERNATIONAL FINANCE CORP 0.75% MAY-28 0.4 Euro Bond AUD 700,000 $663,747 $663,747 2028-05-24 0.75 1.5431 6.9588
SAFA 1.75 05/24/32 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32 0.4 Government Bond AUD 660,000 $644,153 $644,153 2032-05-24 1.75 2.0409 10.0568
NSWTC 3 11/15/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% NOV-28 0.4 Government Bond Australia AUD 570,000 $643,778 $643,778 2028-11-15 3.0 1.3503 6.8710
NSWTC 1.5 02/20/32 Govt NEW SOUTH WALES TREASURY CORP 1.5% FEB-32 0.4 Government Bond AUD 650,000 $619,730 $619,730 2032-02-20 1.5 1.9817 10.0124
QTC 2.5 03/06/29 Govt QUEENSLAND TREASURY CORP 2.5% MAR-29 0.3 Government Bond AUD 550,000 $590,618 $590,618 2029-03-06 2.5 1.5174 7.2700
SAFA 2.75 05/24/30 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 2.75% MAY-30 0.3 Government Bond AUD 500,000 $546,773 $546,773 2030-05-24 2.75 1.7397 8.1215
WATC 1.75 10/22/31 Govt WESTERN AUSTRALIAN TREASURY CORP 1.75% OCT-31 0.3 Government Bond Australia AUD 480,000 $479,030 $479,030 2031-10-22 1.75 1.8395 9.5839
QTC 1.25 03/10/31 Govt QUEENSLAND TREASURY CORP 1.25% MAR-31 0.3 Government Bond AUD 500,000 $474,150 $474,150 2031-03-10 1.25 1.8167 9.3326
NSWTC 1.25 11/20/30 Govt NEW SOUTH WALES TREASURY CORP 1.25% NOV-30 0.3 Government Bond Australia AUD 470,000 $451,538 $451,538 2030-11-20 1.25 1.7335 9.0381
AUSCAP 2.25 05/22/29 Govt AUSTRALIAN CAPITAL TERRITORY 2.25% MAY-29 0.2 Government Bond AUD 290,000 $308,305 $308,305 2029-05-22 2.25 1.5148 7.4596
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.2 Government Bond AUD 290,000 $285,470 $285,470 2031-10-23 1.75 1.9822 9.5714
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.1 Government Bond Australia AUD 240,000 $243,060 $243,060 2030-01-24 2.0 1.8726 8.0913
NTTC 3.5 04/21/28 Govt NORTHERN TERRITORY TREASURY CORP 3.5% APR-28 0.1 Government Bond Australia AUD 200,000 $229,186 $229,186 2028-04-21 3.5 1.5266 6.2982
NTTC 3.5 05/21/30 Govt NORTHERN TERRITORY TREASURY CORP 3.5% MAY-30 0.1 Government Bond Australia AUD 200,000 $227,781 $227,781 2030-05-21 3.5 1.9660 7.8878
AUSCAP 3 04/18/28 Govt AUSTRALIAN CAPITAL TERRITORY 3.0% APR-28 0.1 Government Bond AUD 150,000 $168,421 $168,421 2028-04-18 3.0 1.3549 6.3891
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.1 Government Bond Australia AUD 100,000 $102,862 $102,862 2029-05-21 2.0 1.7022 7.5087
Download CSV
* As at 3 March 2021. Excludes cash

Sector Allocation

Australian Govt
52.3%
Australian State Govts
22.6%
Supranational Banks
12.3%
Govt Development Banks/Agencies
12.9%
Regional Authorities
0.0%
* As of 29 January 2021

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -0.62% -0.60%
3 months -1.28% -1.24%
6 months -0.20% -0.11%
1 year 2.09% 2.26%
3 year p.a - 7.51%
5 year p.a - 5.55%
Since inception (p.a) 3.66% 3.84%
Inception date 5-Jul-19 -
* As at 29 January 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-Feb-21 2-Feb-21 16-Feb-21 $0.04065 1.04%
4-Jan-21 5-Jan-21 19-Jan-21 $0.04131 1.02%
1-Dec-20 2-Dec-20 16-Dec-20 $0.03668 1.27%
2-Nov-20 3-Nov-20 17-Nov-20 $0.03544 1.33%
1-Oct-20 2-Oct-20 16-Oct-20 $0.03562 1.29%
1-Sep-20 2-Sep-20 16-Sep-20 $0.03684 1.06%
3-Aug-20 4-Aug-20 18-Aug-20 $0.03269 1.36%
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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Annual Report - June 2020
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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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NRWT and Fund Payment Notice information - September 2020 distributions
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NRWT and Fund Payment Notice information - August 2020 distributions
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NRWT and Fund Payment Notice information - July 2020 distributions
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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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2020 BetaShares Distribution Calendar
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