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 28 September 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 * $52.63
* As at 25 September 2020

Profile

Net Assets* ($A) $42,110,391
Units Outstanding* (#) 800,050
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 25 September 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
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.
2.21 % 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.
0.86 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.66 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%.
7.82 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 28 September 2020

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.2
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.5
AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 6.2
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 5.9
AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 5.7
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 5.5
AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 4.8
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 4.7
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 4.0
AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 2.9
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 AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.2 Government Bond AUD 2,480,000 $2,999,610 $2,999,610 2029-04-21 3.25 0.7215 7.5368
ACGB 2.5 05/21/30 Govt AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.5 Government Bond AUD 2,350,000 $2,720,666 $2,720,666 2030-05-21 2.5 0.7975 8.6168
ACGB 2.25 05/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 6.2 Government Bond AUD 2,304,000 $2,581,286 $2,581,286 2028-05-21 2.25 0.6345 7.0328
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 5.9 Government Bond AUD 2,090,000 $2,455,604 $2,455,604 2029-11-21 2.75 0.7655 8.1427
ACGB 2.75 11/21/27 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 5.7 Government Bond AUD 2,069,000 $2,383,529 $2,383,529 2027-11-21 2.75 0.5749 6.5121
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 5.5 Government Bond AUD 1,990,000 $2,315,285 $2,315,285 2028-11-21 2.75 0.6830 7.3362
ACGB 1 11/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 4.8 Government Bond Australia AUD 2,000,000 $2,018,780 $2,018,780 2031-11-21 1.0 0.9112 10.4920
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 4.7 Government Bond AUD 1,845,000 $1,963,006 $1,963,006 2031-06-21 1.5 0.8740 9.8971
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 4.0 Government Bond Australia AUD 1,660,000 $1,684,452 $1,684,452 2030-12-21 1.0 0.8493 9.6842
ACGB 1.25 05/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 2.9 Government Bond Australia AUD 1,185,000 $1,226,392 $1,226,392 2032-05-21 1.25 0.9327 10.7925
EIB 3.3 02/03/28 Corp EUROPEAN INVESTMENT BANK 3.3% FEB-28 2.6 Bonds AUD 920,000 $1,078,599 $1,078,599 2028-02-03 3.3 0.8718 6.5965
BNG 3.3 07/17/28 Corp BNG BANK NV 3.3% JUL-28 2.3 Bonds AUD 826,000 $967,568 $967,568 2028-07-17 3.3 1.0091 6.9453
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 2.1 Bonds AUD 760,000 $892,909 $892,909 2029-05-02 3.3 1.1560 7.5197
ASIA 3.4 09/10/27 Corp ASIAN DEVELOPMENT BANK 3.4% SEP-27 2.1 Bonds AUD 745,000 $873,736 $873,736 2027-09-10 3.4 0.8348 6.2760
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 1.9 Bonds AUD 670,000 $788,423 $788,423 2029-04-26 3.3 1.1310 7.5033
IFC 3.2 10/18/27 Corp INTERNATIONAL FINANCE CORP 3.2% OCT-27 1.9 Bonds AUD 679,000 $788,285 $788,285 2027-10-18 3.2 0.8442 6.3237
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.8 Government Bond AUD 660,000 $767,765 $767,765 2029-04-20 3.0 1.0040 7.5701
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.8 Government Bond AUD 656,000 $764,299 $764,299 2030-02-20 3.0 1.1411 8.2856
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 1.6 Bonds AUD 580,000 $684,916 $684,916 2028-08-08 3.3 0.9097 7.0118
RENTEN 3.25 04/12/28 Corp LANDWIRTSCHAFTLICHE RENTENBANK 3.25% APR-28 1.6 Bonds AUD 570,000 $667,504 $667,504 2028-04-12 3.25 0.8972 6.7006
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.4 Government Bond AUD 510,000 $592,518 $592,518 2028-10-20 3.0 0.9125 7.1765
NSWTC 3 03/20/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAR-28 1.4 Government Bond AUD 504,000 $582,206 $582,206 2028-03-20 3.0 0.8528 6.7800
IADB 3.1 02/22/28 Corp INTER-AMERICAN DEVELOPMENT BANK 3.1% FEB-28 1.3 Bonds AUD 471,000 $545,531 $545,531 2028-02-22 3.1 0.8852 6.6821
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS 3.4% JUL-28 1.2 Bonds AUD 444,000 $522,921 $522,921 2028-07-24 3.4 1.0279 6.9437
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.25% JUL-28 1.2 Government Bond AUD 440,000 $518,307 $518,307 2028-07-21 3.25 0.8862 6.9744
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 1.2 Government Bond AUD 410,000 $498,822 $498,822 2030-08-21 3.5 1.1742 8.5342
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.2 Government Bond AUD 430,000 $483,015 $483,015 2029-10-22 2.5 1.0689 8.1057
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 1.1 Bonds AUD 406,000 $477,578 $477,578 2029-06-26 3.15 1.0350 7.7131
EUROF 3.35 05/21/29 Corp EUROFIMA 3.35% MAY-29 1.1 Bonds AUD 400,000 $466,344 $466,344 2029-05-21 3.35 1.3138 7.5454
NHFIC 1.41 06/29/32 Govt NATIONAL HOUSING FINANCE AND INVESTMENT CORP 1.41% JUN-32 1.1 Bonds Australia AUD 450,000 $464,508 $464,508 2032-06-29 1.41 1.1164 10.7888
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.0 Government Bond AUD 350,000 $415,300 $415,300 2029-08-21 3.25 1.0475 7.8410
IBRD 3.3 08/14/28 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28 1.0 Bonds AUD 349,000 $412,626 $412,626 2028-08-14 3.3 0.8969 7.0289
KFW 3.2 03/15/28 Corp KREDITANSTALT FUER WIEDERAUFBAU 3.2% MAR-28 1.0 Bonds AUD 350,000 $408,247 $408,247 2028-03-15 3.2 0.8898 6.7285
QTC 2.5 03/06/29 Govt QUEENSLAND TREASURY CORP 2.5% MAR-29 0.9 Government Bond AUD 350,000 $392,070 $392,070 2029-03-06 2.5 1.0099 7.6620
WATC 1.75 10/22/31 Govt WESTERN AUSTRALIAN TREASURY CORP 1.75% OCT-31 0.8 Government Bond AUD 310,000 $324,186 $324,186 2031-10-22 1.75 1.3043 9.9939
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 0.8 Government Bond AUD 310,000 $317,477 $317,477 2030-11-20 1.5 1.2459 9.3486
WATC 3.25 07/20/28 Govt WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28 0.7 Government Bond AUD 260,000 $307,143 $307,143 2028-07-20 3.25 0.8450 6.9746
SAFA 3 05/24/28 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% MAY-28 0.7 Government Bond AUD 250,000 $288,528 $288,528 2028-05-24 3.0 0.9105 6.8652
NSWTC 3 11/15/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% NOV-28 0.7 Government Bond AUD 240,000 $279,514 $279,514 2028-11-15 3.0 0.8950 7.2478
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 0.6 Government Bond AUD 250,000 $260,243 $260,243 2031-08-21 1.75 1.3444 9.9050
SAFA 1.75 05/24/32 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32 0.6 Government Bond AUD 235,000 $241,016 $241,016 2032-05-24 1.75 1.5094 10.4671
WATC 3 10/21/27 Govt WESTERN AUSTRALIAN TREASURY CORP 3.0% OCT-27 0.5 Government Bond AUD 170,000 $196,590 $196,590 2027-10-21 3.0 0.7234 6.3744
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 0.5 Government Bond AUD 180,000 $192,436 $192,436 2031-03-20 2.0 1.2926 9.4768
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK 3.35% AUG-28 0.4 Bonds AUD 150,000 $175,023 $175,023 2028-08-08 3.35 1.1260 6.9869
TCV 1.25 11/19/27 Govt TREASURY CORP OF VICTORIA 1.25% NOV-27 0.4 Government Bond Australia AUD 150,000 $154,635 $154,635 2027-11-19 1.25 0.8036 6.8001
SAFA 3 09/20/27 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% SEP-27 0.4 Government Bond AUD 130,000 $149,594 $149,594 2027-09-20 3.0 0.7758 6.3689
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.3 Government Bond AUD 120,000 $137,574 $137,574 2029-07-24 2.75 1.0097 7.8914
NTTC 3.5 05/21/30 Govt NORTHERN TERRITORY TREASURY CORP 3.5% MAY-30 0.3 Government Bond AUD 100,000 $118,270 $118,270 2030-05-21 3.5 1.4615 8.2542
NEDWBK 3.45 07/17/28 Govt NEDERLANDSE WATERSCHAPSBANK NV 3.45% JUL-28 0.3 Bonds Netherlands AUD 100,000 $117,916 $117,916 2028-07-17 3.45 1.0512 6.9136
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.3 Government Bond AUD 100,000 $105,789 $105,789 2029-05-21 2.0 1.2898 7.9000
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.2 Government Bond AUD 100,000 $102,907 $102,907 2031-10-23 1.75 1.4642 9.9782
TCV 1.5 09/10/31 Govt TREASURY CORP OF VICTORIA 1.5% SEP-31 0.2 Bonds Australia AUD 100,000 $101,177 $101,177 2031-09-10 1.5 1.3837 10.0653
AUSCAP 2.25 05/22/29 Govt AUSTRALIAN CAPITAL TERRITORY 2.25% MAY-29 0.2 Government Bond Australia AUD 60,000 $65,477 $65,477 2029-05-22 2.25 1.1381 7.8436
TASCOR 3.25 01/24/28 Govt TASMANIAN PUBLIC FINANCE CORP 3.25% JAN-28 0.1 Government Bond AUD 50,000 $58,060 $58,060 2028-01-24 3.25 0.9632 6.5725
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.1 Government Bond Australia AUD 40,000 $42,182 $42,182 2030-01-24 2.0 1.3740 8.4855
Download CSV
* As at 25 September 2020. Excludes cash

Sector Allocation

Australian Government
54.0%
Australian State Governments
20.6%
Supranational Banks
13.2%
Government Development Banks/Agencies
12.2%
Regional Authorities
0.0%
* As of 31 August 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -0.80% -0.78%
3 months 0.27% 0.33%
6 months 0.30% 0.36%
1 year 1.79% 1.97%
3 year p.a - 7.50%
5 year p.a - 5.78%
Since inception (p.a) 4.46% 4.63%
Inception date 5-Jul-19 -
* As at 31 August 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* (%) 1.2%
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
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 - 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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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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2020 BetaShares Distribution Calendar
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NRWT and Fund Payment Notice information - August 2020 distributions
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