Australian Government Bond ETF

AGVT

Earn attractive income from Australian government bonds

Invest with us

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.

There are risks associated with an investment in AGVT, including interest rate risk, credit risk, market risk and index tracking risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.

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

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)

* Data is delayed by at least 20 minutes.

NAV
NAV/Unit* $41.34

* As at 21 May 2024

Profile

Net assets* ($A) $616,482,321
Units outstanding* (#) 14,912,464
Management fee and cost** (p.a.) 0.22%
Distribution frequency Monthly
Distribution reinvestment plan (DRP) Full or partial participation available
Registry Link Market Services

* As at 21 May 2024

**Certain additional costs apply. Please refer to PDS.

Trading information

ASX code AGVT
Bloomberg code AGVT AU
IRESS code AGVT.AXW
Market makers Susquehanna Pacific

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

Portfolio characteristics

Running yield (% p.a.) 3.13
Yield to maturity (% p.a.) 4.58
Yield to worst (% p.a.) 4.58
Average maturity (yrs) 8.84
Modified duration (yrs) 7.53
Average credit rating AAA
As at 22 May 2024

Holdings & allocation

Portfolio holdings

Name Weight (%)
AUSTRALIAN GOVERNMENT 1.0% NOV-31 6.6%
AUSTRALIAN GOVERNMENT 1.5% JUN-31 6.3%
AUSTRALIAN GOVERNMENT 1.25% MAY-32 6.3%
AUSTRALIAN GOVERNMENT 4.5% APR-33 5.4%
AUSTRALIAN GOVERNMENT 1.75% NOV-32 4.7%
AUSTRALIAN GOVERNMENT 3.0% NOV-33 4.3%
AUSTRALIAN GOVERNMENT 3.75% MAY-34 4.0%
INTL BK RECON & DEVELOP 4.2% APR-33 3.8%
AUSTRALIAN GOVERNMENT 3.5% DEC-34 3.4%
INTL FINANCE CORP 1.5% APR-35 2.7%

* As at 21 May 2024. Excludes cash

Sector allocation

Australian Govt
44.2%
Australian State Government
30.8%
Supranational
12.8%
Government Special Purpose Bank
6.3%
Sovereign Agency
3.8%
Foreign Local Authority
2.1%
Cash
0.0%

* As of 30 April 2024

Performance

Fund returns after fees (%)

  Fund Index
1 month -3.29% -3.27%
3 months -2.20% -2.16%
6 months 6.60% 6.71%
1 year -3.24% -3.04%
3 year p.a. -4.27% -4.08%
5 year p.a. - -1.16%
10 year p.a. - 2.71%
Since inception (p.a.) -2.27% -2.09%
Inception date 5-Jul-19 -

* As at 30 April 2024.
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.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency Monthly
12 mth distribution yield* 3.4%

* As at 30 April 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.

You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-May-24 2-May-24 16-May-24 $0.127106 3.19%
2-Apr-24 3-Apr-24 17-Apr-24 $0.111189 3.24%
1-Mar-24 4-Mar-24 18-Mar-24 $0.114243 3.34%
1-Feb-24 2-Feb-24 16-Feb-24 $0.128866 3.29%
2-Jan-24 3-Jan-24 17-Jan-24 $0.114773 3.37%
1-Dec-23 4-Dec-23 18-Dec-23 $0.113481 3.11%
1-Nov-23 2-Nov-23 16-Nov-23 $0.11855 3.06%
2-Oct-23 3-Oct-23 17-Oct-23 $0.103347 3.16%
1-Sep-23 4-Sep-23 18-Sep-23 $0.111885 3.19%
1-Aug-23 2-Aug-23 16-Aug-23 $0.112723 3.03%
3-Jul-23 4-Jul-23 18-Jul-23 $0.109409 3.12%
1-Jun-23 2-Jun-23 19-Jun-23 $0.122783 3.04%
1-May-23 2-May-23 16-May-23 $0.107154 2.94%
3-Apr-23 4-Apr-23 20-Apr-23 $0.118076 2.73%
1-Mar-23 2-Mar-23 16-Mar-23 $0.102202 2.39%
1-Feb-23 2-Feb-23 16-Feb-23 $0.119999 2.28%
3-Jan-23 4-Jan-23 18-Jan-23 $0.109586 2.05%
1-Dec-22 2-Dec-22 16-Dec-22 $0.112194 2.01%
1-Nov-22 2-Nov-22 16-Nov-22 $0.111997 1.84%
3-Oct-22 4-Oct-22 18-Oct-22 $0.099666 1.63%
1-Sep-22 2-Sep-22 16-Sep-22 $0.113665 1.53%
1-Aug-22 2-Aug-22 16-Aug-22 $0.101769 1.45%
1-Jul-22 4-Jul-22 18-Jul-22 $0.069813 1.31%
1-Jun-22 2-Jun-22 17-Jun-22 $0.06908 1.27%
2-May-22 3-May-22 17-May-22 $0.063806 1.22%
1-Apr-22 4-Apr-22 20-Apr-22 $0.067065 1.21%
1-Mar-22 2-Mar-22 16-Mar-22 $0.064773 1.22%
1-Feb-22 2-Feb-22 16-Feb-22 $0.066865 1.14%
4-Jan-22 5-Jan-22 19-Jan-22 $0.062103 1.09%
1-Dec-21 2-Dec-21 16-Dec-21 $0.053586 1.05%
1-Nov-21 2-Nov-21 16-Nov-21 $0.056022 0.93%
1-Oct-21 4-Oct-21 18-Oct-21 $0.055467 0.85%
1-Sep-21 2-Sep-21 16-Sep-21 $0.052549 0.83%
2-Aug-21 3-Aug-21 17-Aug-21 $0.05139 0.80%
1-Jul-21 2-Jul-21 16-Jul-21 $0.039267 0.76%
1-Jun-21 2-Jun-21 17-Jun-21 $0.042073 0.74%
3-May-21 4-May-21 18-May-21 $0.041132 0.73%
1-Apr-21 6-Apr-21 20-Apr-21 $0.0465 0.80%
1-Mar-21 2-Mar-21 16-Mar-21 $0.039478 0.81%
1-Feb-21 2-Feb-21 16-Feb-21 $0.040648 0.84%
4-Jan-21 5-Jan-21 19-Jan-21 $0.04131 0.87%
1-Dec-20 2-Dec-20 16-Dec-20 $0.036677 1.11%
2-Nov-20 3-Nov-20 17-Nov-20 $0.035441 1.15%
1-Oct-20 2-Oct-20 16-Oct-20 $0.035623 1.14%
1-Sep-20 2-Sep-20 16-Sep-20 $0.03684 1.16%
3-Aug-20 4-Aug-20 18-Aug-20 $0.032694 1.24%
1-Jul-20 2-Jul-20 16-Jul-20 $0.082945 -
1-Jun-20 2-Jun-20 17-Jun-20 $0.049994 -
1-May-20 4-May-20 18-May-20 $0.045828 -
1-Apr-20 2-Apr-20 20-Apr-20 $0.049996 -
2-Mar-20 3-Mar-20 17-Mar-20 $0.045452 -
3-Feb-20 4-Feb-20 18-Feb-20 $0.049998 -
2-Jan-20 3-Jan-20 17-Jan-20 $0.052612 -
2-Dec-19 3-Dec-19 17-Dec-19 $0.050373 -
1-Nov-19 4-Nov-19 18-Nov-19 $0.040999 -
1-Oct-19 2-Oct-19 16-Oct-19 $0.049374 -
2-Sep-19 3-Sep-19 17-Sep-19 $0.062124 -
1-Aug-19 2-Aug-19 16-Aug-19 $0.043422 -

1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.

Announcements

ASX announcements: AGVT

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