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 28 June 2022

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* $41.78
* As at 27 June 2022

Profile

Net Assets* ($A) $418,957,462
Units Outstanding* (#) 10,026,792
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 27 June 2022
* 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 annual coupon (weighted by market value) of the securities in the portfolio, divided by the current market price of the securities (including any accrued interest). Provides an indication of expected income receivable over the next 12 months, however it does not take into account capital gains/losses realisable when a security is sold or matures.
2.34
Yield to Maturity (% p.a.)
The annualised total expected return of a bond if it is held to maturity, the bond does not default, and the coupons are reinvested [at the Yield to Maturity (YTM)]. The fund's YTM is the weighted average of its underlying bonds' YTMs. The YTM for FX-hedged exposures reflects the annualised costs and benefits of FX hedging for relevant funds.
4.06
Yield to Worst (% p.a.)
The annualised total expected return of a bond if it is held to maturity or is called, the bond does not default, and the coupons are reinvested [at the Yield To Worst (YTW)]. The YTW is the lower of either YTM or Yield to Call (YTC), where YTC is calculated in the same way as YTM but replacing the maturity date with the call date. The fund's YTW is the weighted average of its underlying bonds' YTWs. The YTW for FX-hedged exposures reflects the annualised costs and benefits of FX hedging for relevant funds.
4.06
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.78
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%.
7.91
Average Credit Rating
Average credit rating for the securities in the portfolio. Source: Bloomberg
AAA
As at 28 June 2022

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 7.2
AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 6.8
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.6
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 6.6
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 6.6
AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 5.8
AUSTRALIA GOVERNMENT BOND 4.5% APR-33 4.5
AUSTRALIA GOVERNMENT BOND 1.75% NOV-32 4.1
INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.1% NOV-30 3.8
EUROPEAN INVESTMENT BANK 1.3% JAN-31 3.7
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 7.2 Government Bond AUD 32,630,000 $29,922,526 $29,922,526 2030-05-21 2.5 3.7650 7.0187
ACGB 1 11/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 6.8 Government Bond Australia AUD 36,429,000 $28,406,606 $28,406,606 2031-11-21 1.0 3.8275 8.7373
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.6 Government Bond AUD 29,380,000 $27,613,087 $27,613,087 2029-11-21 2.75 3.7350 6.5686
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 6.6 Government Bond Australia AUD 34,530,000 $27,583,082 $27,583,082 2030-12-21 1.0 3.8024 7.9429
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 6.6 Government Bond AUD 33,405,000 $27,580,671 $27,580,671 2031-06-21 1.5 3.8175 8.2000
ACGB 1.25 05/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 5.8 Government Bond Australia AUD 30,505,000 $24,116,643 $24,116,643 2032-05-21 1.25 3.8300 9.0551
ACGB 4.5 04/21/33 Govt AUSTRALIA GOVERNMENT BOND 4.5% APR-33 4.5 Government Bond Australia AUD 17,750,000 $18,912,181 $18,912,181 2033-04-21 4.5 3.8512 8.5124
ACGB 1.75 11/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.75% NOV-32 4.1 Government Bond AUD 20,984,000 $17,270,881 $17,270,881 2032-11-21 1.75 3.8550 9.2348
IBRD 1.1 11/18/30 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.1% NOV-30 3.8 Bonds AUD 21,107,000 $15,935,574 $15,935,574 2030-11-18 1.1 4.6865 7.7660
EIB 1.3 01/27/31 Corp EUROPEAN INVESTMENT BANK 1.3% JAN-31 3.7 Bonds AUD 20,147,000 $15,432,803 $15,432,803 2031-01-27 1.3 4.7304 7.8161
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 3.5 Bonds AUD 16,036,000 $14,720,487 $14,720,487 2029-06-26 3.15 4.5386 6.1496
IFC 1.25 02/06/31 Corp INTERNATIONAL FINANCE CORP 1.25% FEB-31 3.4 Bonds Supranational AUD 18,690,000 $14,221,314 $14,221,314 2031-02-06 1.25 4.7374 7.8615
BNG 1.6 11/27/30 Govt BNG BANK NV 1.6% NOV-30 3.4 Government Bond Netherlands AUD 18,290,000 $14,180,511 $14,180,511 2030-11-27 1.6 4.9164 7.6087
ACGB 3 11/21/33 Govt AUSTRALIA GOVERNMENT BOND 3.0% NOV-33 3.0 Government Bond Australia AUD 13,644,000 $12,583,657 $12,583,657 2033-11-21 3.0 3.8863 9.4279
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 2.0 Government Bond Australia AUD 9,066,000 $8,425,487 $8,425,487 2030-02-20 3.0 4.2591 6.6248
NHFIC 1.41 06/29/32 Govt NATIONAL HOUSING FINANCE AND INVESTMENT CORP 1.41% JUN-32 2.0 Bonds AUD 10,820,000 $8,158,713 $8,158,713 2032-06-29 1.41 4.4914 9.0302
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 1.8 Bonds AUD 8,040,000 $7,438,367 $7,438,367 2029-05-02 3.3 4.6818 5.9698
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 1.7 Government Bond AUD 7,340,000 $7,064,787 $7,064,787 2030-08-21 3.5 4.2312 6.8875
BNG 2.45 07/21/32 Govt BNG BANK NV 2.45% JUL-32 1.7 Government Bond Netherlands AUD 8,600,000 $7,045,636 $7,045,636 2032-07-21 2.45 4.8830 8.4978
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.6 Government Bond AUD 7,578,000 $6,779,468 $6,779,468 2029-10-22 2.5 4.2682 6.5102
TCV 1.5 09/10/31 Govt TREASURY CORP OF VICTORIA 1.5% SEP-31 1.6 Bonds AUD 8,564,000 $6,716,488 $6,716,488 2031-09-10 1.5 4.4443 8.2925
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 1.5 Government Bond Australia AUD 7,630,000 $6,375,208 $6,375,208 2031-03-20 2.0 4.3639 7.7426
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.5 Government Bond AUD 6,600,000 $6,313,230 $6,313,230 2029-08-21 3.25 4.1474 6.2019
TCV 4.25 12/20/32 Govt TREASURY CORP OF VICTORIA 4.25% DEC-32 1.3 Government Bond AUD 5,706,000 $5,605,089 $5,605,089 2032-12-20 4.25 4.4773 8.3418
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.3 Government Bond AUD 6,440,000 $5,238,071 $5,238,071 2031-08-21 1.75 4.3262 8.1541
NSWTC 1.5 02/20/32 Govt NEW SOUTH WALES TREASURY CORP 1.5% FEB-32 1.3 Government Bond Australia AUD 6,730,000 $5,228,268 $5,228,268 2032-02-20 1.5 4.4393 8.6460
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 1.2 Government Bond AUD 5,984,000 $4,804,284 $4,804,284 2030-11-20 1.5 4.3545 7.6590
NSWTC 2 03/08/33 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-33 0.7 Government Bond AUD 3,586,000 $2,850,780 $2,850,780 2033-03-08 2.0 4.5120 9.2327
QTC 1.5 08/20/32 Govt QUEENSLAND TREASURY CORP 1.5% AUG-32 0.7 Government Bond AUD 3,670,000 $2,823,515 $2,823,515 2032-08-20 1.5 4.4119 9.0504
TCV 2.25 09/15/33 Govt TREASURY CORP OF VICTORIA 2.25% SEP-33 0.7 Government Bond Australia AUD 3,450,000 $2,774,956 $2,774,956 2033-09-15 2.25 4.5757 9.4857
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.7 Government Bond Australia AUD 2,950,000 $2,734,045 $2,734,045 2029-07-24 2.75 4.1522 6.2248
EUROF 3.35 05/21/29 Corp EUROFIMA EUROPAEISCHE GESELLSCHAFT FUER DIE FINANZIERUNG VON EISENBAHNMATERIAL 3.35% MAY-29 0.6 Bonds AUD 2,600,000 $2,393,482 $2,393,482 2029-05-21 3.35 4.7784 6.0063
SAFA 2.75 05/24/30 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 2.75% MAY-30 0.6 Government Bond AUD 2,600,000 $2,341,430 $2,341,430 2030-05-24 2.75 4.2888 6.9326
QTC 1.5 03/02/32 Govt QUEENSLAND TREASURY CORP 1.5% MAR-32 0.5 Government Bond Australia AUD 2,600,000 $2,029,534 $2,029,534 2032-03-02 1.5 4.3674 8.6846
QTC 2 08/22/33 Govt QUEENSLAND TREASURY CORP 2.0% AUG-33 0.5 Government Bond Australia AUD 2,550,000 $2,020,212 $2,020,212 2033-08-22 2.0 4.4677 9.5645
SAFA 1.75 05/24/32 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32 0.4 Government Bond Australia AUD 2,230,000 $1,755,255 $1,755,255 2032-05-24 1.75 4.4549 8.7899
NSWTC 1.75 03/20/34 Govt NEW SOUTH WALES TREASURY CORP 1.75% MAR-34 0.4 Government Bond Australia AUD 2,200,000 $1,651,529 $1,651,529 2034-03-20 1.75 4.5750 10.1317
WATC 1.75 10/22/31 Govt WESTERN AUSTRALIAN TREASURY CORP 1.75% OCT-31 0.3 Government Bond Australia AUD 1,630,000 $1,317,162 $1,317,162 2031-10-22 1.75 4.3182 8.3190
SAFA 1.75 05/24/34 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-34 0.3 Government Bond Australia AUD 1,750,000 $1,300,066 $1,300,066 2034-05-24 1.75 4.5988 10.3011
WATC 1.5 10/22/30 Govt WESTERN AUSTRALIAN TREASURY CORP 1.5% OCT-30 0.3 Government Bond Australia AUD 1,597,000 $1,297,115 $1,297,115 2030-10-22 1.5 4.2454 7.5906
NSWTC 2.5 11/22/32 Govt NEW SOUTH WALES TREASURY CORP 2.5% NOV-32 0.3 Government Bond Australia AUD 1,500,000 $1,264,298 $1,264,298 2032-11-22 2.5 4.4351 8.8583
NSWTC 1.25 11/20/30 Govt NEW SOUTH WALES TREASURY CORP 1.25% NOV-30 0.3 Government Bond Australia AUD 1,520,000 $1,196,612 $1,196,612 2030-11-20 1.25 4.3203 7.7426
QTC 6.5 03/14/33 Govt QUEENSLAND TREASURY CORP 6.5% MAR-33 0.3 Government Bond AUD 892,000 $1,065,655 $1,065,655 2033-03-14 6.5 4.4223 7.8260
QTC 1.25 03/10/31 Govt QUEENSLAND TREASURY CORP 1.25% MAR-31 0.3 Government Bond AUD 1,350,000 $1,059,581 $1,059,581 2031-03-10 1.25 4.2932 7.9828
AUSCAP 2.5 10/22/32 Govt AUSTRALIAN CAPITAL TERRITORY 2.5% OCT-32 0.2 Bonds Australia AUD 1,000,000 $844,570 $844,570 2032-10-22 2.5 4.4534 8.7754
AUSCAP 1.75 05/17/30 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% MAY-30 0.2 Government Bond AUD 1,000,000 $832,480 $832,480 2030-05-17 1.75 4.3112 7.1627
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.2 Government Bond Australia AUD 890,000 $762,659 $762,659 2030-01-24 2.0 4.3776 6.7848
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.2 Government Bond AUD 840,000 $669,119 $669,119 2031-10-23 1.75 4.4893 8.3073
NTTC 3.5 05/21/30 Govt NORTHERN TERRITORY TREASURY CORP 3.5% MAY-30 0.2 Government Bond Australia AUD 700,000 $661,140 $661,140 2030-05-21 3.5 4.3973 6.7523
NTTC 2 04/21/31 Govt NORTHERN TERRITORY TREASURY CORP 2.0% APR-31 0.1 Government Bond Australia AUD 700,000 $574,634 $574,634 2031-04-21 2.0 4.5425 7.8126
NTTC 3.75 04/21/33 Govt NORTHERN TERRITORY TREASURY CORP 3.75% APR-33 0.1 Government Bond Australia AUD 600,000 $555,129 $555,129 2033-04-21 3.75 4.7265 8.6171
TASCOR 2.25 01/22/32 Govt TASMANIAN PUBLIC FINANCE CORP 2.25% JAN-32 0.1 Government Bond AUD 650,000 $545,188 $545,188 2032-01-22 2.25 4.4689 8.2577
NTTC 2.5 05/21/32 Govt NORTHERN TERRITORY TREASURY CORP 2.5% MAY-32 0.1 Government Bond AUD 500,000 $417,428 $417,428 2032-05-21 2.5 4.6346 8.4707
TASCOR 2.5 01/21/33 Govt TASMANIAN PUBLIC FINANCE CORP 2.5% JAN-33 0.1 Bonds Australia AUD 400,000 $339,820 $339,820 2033-01-21 2.5 4.4317 8.8876
XMU2 Comdty AUST 10Y BOND FUT SEP22 Bond Future Variable AUD 46 2022-09-15
Download CSV
* As at 27 June 2022. Excludes cash

Sector Allocation

Australian Govt
51.8%
Australian State Govts
24.1%
Supranational Banks
15.0%
Govt Development Banks/Agencies
9.1%
Regional Authorities
0.0%
* As of 31 May 2022

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -1.49% -1.49%
3 months -8.77% -8.74%
6 months -11.57% -11.49%
1 year -12.33% -12.18%
3 year p.a - -2.83%
5 year p.a - 0.97%
Since inception (p.a) -3.65% -3.50%
Inception date 5-Jul-19 -
* As at 31 May 2022

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* (%) 1.6%
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Jun-22 2-Jun-22 17-Jun-22 $0.06908 1.27%
2-May-22 3-May-22 17-May-22 $0.06381 1.22%
1-Apr-22 4-Apr-22 20-Apr-22 $0.06706 1.21%
1-Mar-22 2-Mar-22 16-Mar-22 $0.06477 1.22%
1-Feb-22 2-Feb-22 16-Feb-22 $0.06686 1.14%
4-Jan-22 5-Jan-22 19-Jan-22 $0.0621 1.09%
1-Dec-21 2-Dec-21 16-Dec-21 $0.05359 1.05%
1-Nov-21 2-Nov-21 16-Nov-21 $0.05602 0.93%
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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Interim Financial Report - December 2021
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Annual Report - June 2021
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NRWT and Fund Payment Notice information - May 2022 distributions
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NRWT and Fund Payment Notice information - April 2022 distributions
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NRWT and Fund Payment Notice information - March 2022 distributions
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NRWT and Fund Payment Notice information - February 2022 distributions
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NRWT and Fund Payment Notice information - January 2022 distributions
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NRWT and Fund Payment Notice information - December 2021 distributions
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NRWT and Fund Payment Notice information - November 2021 distributions
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NRWT and Fund Payment Notice information - October 2021 distributions
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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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