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 29 January 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* $48.26
* As at 27 January 2022

Profile

Net Assets* ($A) $230,946,505
Units Outstanding* (#) 4,785,781
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 January 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 bonds in the portfolio, divided by the current market price of the bonds (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 bond is sold or matures.
2.22
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.
2.18
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.
2.18
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.81
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%.
7.92
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 28 January 2022

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 7.0
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.6
AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 6.5
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 6.5
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.4
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 6.3
BNG BANK NV 3.3% APR-29 5.8
AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 5.1
AUSTRALIA GOVERNMENT BOND 4.5% APR-33 4.3
INTERNATIONAL FINANCE CORP 3.15% JUN-29 4.0
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 7.0 Government Bond AUD 15,350,000 $16,145,360 $16,145,360 2030-05-21 2.5 1.8875 7.4635
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.6 Government Bond AUD 13,830,000 $15,277,724 $15,277,724 2029-04-21 3.25 1.8313 6.4185
ACGB 1 11/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 6.5 Government Bond Australia AUD 16,349,000 $15,005,357 $15,005,357 2031-11-21 1.0 1.9475 9.2253
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 6.5 Government Bond Australia AUD 16,200,000 $15,003,387 $15,003,387 2030-12-21 1.0 1.9225 8.4139
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.4 Government Bond AUD 13,810,000 $14,770,140 $14,770,140 2029-11-21 2.75 1.8637 7.0009
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 6.3 Government Bond AUD 15,225,000 $14,685,350 $14,685,350 2031-06-21 1.5 1.9350 8.6753
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 5.8 Bonds Netherlands AUD 12,555,000 $13,376,599 $13,376,599 2029-04-26 3.3 2.4416 6.3851
ACGB 1.25 05/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 5.1 Government Bond Australia AUD 12,655,000 $11,846,346 $11,846,346 2032-05-21 1.25 1.9649 9.5515
ACGB 4.5 04/21/33 Govt AUSTRALIA GOVERNMENT BOND 4.5% APR-33 4.3 Government Bond Australia AUD 7,890,000 $9,983,690 $9,983,690 2033-04-21 4.5 1.9775 9.0342
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 4.0 Bonds AUD 8,836,000 $9,335,897 $9,335,897 2029-06-26 3.15 2.3593 6.5832
IBRD 1.1 11/18/30 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.1% NOV-30 3.6 Bonds AUD 9,282,000 $8,296,112 $8,296,112 2030-11-18 1.1 2.4809 8.2523
ACGB 1.75 11/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.75% NOV-32 3.5 Government Bond AUD 8,270,000 $8,110,596 $8,110,596 2032-11-21 1.75 1.9850 9.7441
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 3.3 Bonds AUD 7,090,000 $7,550,212 $7,550,212 2029-05-02 3.3 2.4427 6.4026
EIB 1.3 01/27/31 Corp EUROPEAN INVESTMENT BANK 1.3% JAN-31 2.2 Bonds AUD 5,600,000 $5,058,788 $5,058,788 2031-01-27 1.3 2.5103 8.3716
NHFIC 1.41 06/29/32 Govt NATIONAL HOUSING FINANCE AND INVESTMENT CORP 1.41% JUN-32 2.1 Bonds AUD 5,280,000 $4,838,064 $4,838,064 2032-06-29 1.41 2.3349 9.5504
EUROF 3.35 05/21/29 Corp EUROFIMA 3.35% MAY-29 2.0 Bonds AUD 4,350,000 $4,608,629 $4,608,629 2029-05-21 3.35 2.5525 6.4386
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.9 Government Bond Australia AUD 4,136,000 $4,431,538 $4,431,538 2030-02-20 3.0 2.2096 7.0726
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.7 Government Bond Australia AUD 3,750,000 $3,997,256 $3,997,256 2029-04-20 3.0 2.1375 6.4427
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 1.7 Government Bond AUD 3,460,000 $3,851,482 $3,851,482 2030-08-21 3.5 2.2404 7.3390
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.5 Government Bond AUD 3,478,000 $3,574,775 $3,574,775 2029-10-22 2.5 2.2050 6.9526
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 1.4 Government Bond Australia AUD 3,390,000 $3,330,370 $3,330,370 2031-03-20 2.0 2.3050 8.2209
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.4 Government Bond AUD 3,050,000 $3,320,886 $3,320,886 2029-08-21 3.25 2.1774 6.6312
TCV 1.5 09/10/31 Govt TREASURY CORP OF VICTORIA 1.5% SEP-31 1.3 Bonds AUD 3,274,000 $3,047,145 $3,047,145 2031-09-10 1.5 2.3813 8.7852
TCV 4.25 12/20/32 Govt TREASURY CORP OF VICTORIA 4.25% DEC-32 1.2 Government Bond AUD 2,336,000 $2,755,207 $2,755,207 2032-12-20 4.25 2.4171 8.8680
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.2 Government Bond AUD 2,840,000 $2,718,476 $2,718,476 2031-08-21 1.75 2.3440 8.6432
BNG 2.45 07/21/32 Govt BNG BANK NV 2.45% JUL-32 1.1 Government Bond Netherlands AUD 2,650,000 $2,616,557 $2,616,557 2032-07-21 2.45 2.5966 9.1624
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 1.1 Government Bond AUD 2,724,000 $2,558,871 $2,558,871 2030-11-20 1.5 2.3032 8.1334
NSWTC 1.5 02/20/32 Govt NEW SOUTH WALES TREASURY CORP 1.5% FEB-32 1.0 Government Bond Australia AUD 2,580,000 $2,396,936 $2,396,936 2032-02-20 1.5 2.3732 9.1561
BNG 1.6 11/27/30 Govt BNG BANK NV 1.6% NOV-30 0.9 Government Bond Netherlands AUD 2,300,000 $2,127,397 $2,127,397 2030-11-27 1.6 2.5947 8.0991
NSWTC 2 03/08/33 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-33 0.7 Government Bond AUD 1,626,000 $1,568,684 $1,568,684 2033-03-08 2.0 2.4480 9.7732
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.6 Government Bond Australia AUD 1,340,000 $1,396,159 $1,396,159 2029-07-24 2.75 2.1491 6.7502
QTC 1.5 08/20/32 Govt QUEENSLAND TREASURY CORP 1.5% AUG-32 0.6 Government Bond AUD 1,470,000 $1,356,009 $1,356,009 2032-08-20 1.5 2.4092 9.5688
QTC 1.5 03/02/32 Govt QUEENSLAND TREASURY CORP 1.5% MAR-32 0.5 Government Bond Australia AUD 1,200,000 $1,114,680 $1,114,680 2032-03-02 1.5 2.3675 9.1847
TCV 2.25 09/15/33 Govt TREASURY CORP OF VICTORIA 2.25% SEP-33 0.5 Government Bond Australia AUD 1,100,000 $1,078,435 $1,078,435 2033-09-15 2.25 2.5321 10.0456
SAFA 2.75 05/24/30 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 2.75% MAY-30 0.4 Government Bond AUD 1,000,000 $1,041,935 $1,041,935 2030-05-24 2.75 2.2629 7.3827
SAFA 1.75 05/24/32 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32 0.4 Government Bond Australia AUD 1,060,000 $998,610 $998,610 2032-05-24 1.75 2.4249 9.2983
QTC 6.5 03/14/33 Govt QUEENSLAND TREASURY CORP 6.5% MAR-33 0.4 Government Bond AUD 682,000 $970,878 $970,878 2033-03-14 6.5 2.3949 8.3580
QTC 2.5 03/06/29 Govt QUEENSLAND TREASURY CORP 2.5% MAR-29 0.3 Government Bond AUD 730,000 $757,649 $757,649 2029-03-06 2.5 2.0784 6.4206
WATC 1.5 10/22/30 Govt WESTERN AUSTRALIAN TREASURY CORP 1.5% OCT-30 0.3 Government Bond Australia AUD 747,000 $706,337 $706,337 2030-10-22 1.5 2.2440 8.0598
WATC 1.75 10/22/31 Govt WESTERN AUSTRALIAN TREASURY CORP 1.75% OCT-31 0.3 Government Bond Australia AUD 730,000 $697,241 $697,241 2031-10-22 1.75 2.3250 8.8084
QTC 1.25 03/10/31 Govt QUEENSLAND TREASURY CORP 1.25% MAR-31 0.3 Government Bond AUD 630,000 $579,877 $579,877 2031-03-10 1.25 2.2838 8.4618
QTC 2 08/22/33 Govt QUEENSLAND TREASURY CORP 2.0% AUG-33 0.2 Government Bond Australia AUD 550,000 $529,020 $529,020 2033-08-22 2.0 2.4699 10.1197
NSWTC 1.25 11/20/30 Govt NEW SOUTH WALES TREASURY CORP 1.25% NOV-30 0.2 Government Bond Australia AUD 550,000 $506,891 $506,891 2030-11-20 1.25 2.2694 8.2193
NTTC 2.5 05/21/32 Govt NORTHERN TERRITORY TREASURY CORP 2.5% MAY-32 0.2 Government Bond AUD 500,000 $497,758 $497,758 2032-05-21 2.5 2.6051 8.9766
AUSCAP 1.75 05/17/30 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% MAY-30 0.2 Government Bond AUD 500,000 $483,090 $483,090 2030-05-17 1.75 2.2481 7.6252
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.2 Government Bond AUD 440,000 $414,988 $414,988 2031-10-23 1.75 2.4675 8.7983
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.2 Government Bond Australia AUD 390,000 $381,089 $381,089 2030-01-24 2.0 2.3215 7.3170
NTTC 3.5 05/21/30 Govt NORTHERN TERRITORY TREASURY CORP 3.5% MAY-30 0.1 Government Bond Australia AUD 300,000 $329,721 $329,721 2030-05-21 3.5 2.2757 7.2020
AUSCAP 2.25 05/22/29 Govt AUSTRALIAN CAPITAL TERRITORY 2.25% MAY-29 0.1 Government Bond AUD 290,000 $292,472 $292,472 2029-05-22 2.25 2.1886 6.6755
TASCOR 2.25 01/22/32 Govt TASMANIAN PUBLIC FINANCE CORP 2.25% JAN-32 0.1 Government Bond AUD 250,000 $244,835 $244,835 2032-01-22 2.25 2.4923 8.8590
NTTC 3.75 04/21/33 Govt NORTHERN TERRITORY TREASURY CORP 3.75% APR-33 0.1 Government Bond Australia AUD 200,000 $219,800 $219,800 2033-04-21 3.75 2.8247 9.1382
TASCOR 2.5 01/21/33 Govt TASMANIAN PUBLIC FINANCE CORP 2.5% JAN-33 0.1 Bonds Australia AUD 200,000 $199,726 $199,726 2033-01-21 2.5 2.5223 9.5325
NTTC 2 04/21/31 Govt NORTHERN TERRITORY TREASURY CORP 2.0% APR-31 0.1 Government Bond Australia AUD 200,000 $193,909 $193,909 2031-04-21 2.0 2.4397 8.2957
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.0 Government Bond Australia AUD 100,000 $99,049 $99,049 2029-05-21 2.0 2.2009 6.7246
Download CSV
* As at 27 January 2022. Excludes cash

Sector Allocation

Australian Govt
52.2%
Australian State Govts
22.6%
Supranational Banks
11.6%
Govt Development Banks/Agencies
13.6%
Regional Authorities
0.0%
* As of 31 December 2021

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.33% 0.35%
3 months -1.81% -1.78%
6 months -1.54% -1.45%
1 year -4.38% -4.24%
3 year p.a - 3.95%
5 year p.a - 4.41%
Since inception (p.a) 0.72% 0.89%
Inception date 5-Jul-19 -
* As at 31 December 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* (%) 1.1%
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
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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Annual Report - June 2021
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Interim Financial Report - December 2020
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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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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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