Australian Government Bond ETF | AGVT | BetaShares
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OVERVIEW

About

Aims to provide diversification benefits, defensive qualities and regular monthly income via exposure to a portfolio of predominantly Australian government bonds

  • Assets are invested primarily in a portfolio of relatively ‘long-duration’ high-quality Australian government bonds
  • Eligible bonds must be AUD denominated fixed-rate bonds and have a term to maturity of between 7 to 12 years, along with minimum issuance size requirements
  • 75% of total portfolio weight allocated to bonds issued by the Australian federal and state governments
  • 25% of total portfolio weight allocated to bonds issued by supranational organisations, Australian and foreign government agencies and government-related banks (developed countries only), and non-Australian government and regional authorities (developed countries only).

Advantages

  • Defensive characteristics – government bonds have tended to rise in value in periods of equity market weakness, providing diversification benefits
  • Superior credit quality – Fund offers fixed-income exposure of superior credit quality in the Australian bond market, relative to corporate bonds
  • Regular, monthly income – Fund’s focus on longer duration bonds means income potential is typically higher than other Australian government bond funds that do not have this focus
  • Low cost – management costs of only 0.22% p.a.
  • Access – simple way to access a diversified portfolio of Australian government bonds
  • Liquidity – available to trade on the ASX like any share, capital not locked up unlike term deposits

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 20 January 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 * $50.65
* As at 17 January 2020

Profile

Net Assets* ($A) $22,287,168
Units Outstanding* (#) 440,017
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 17 January 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 N/A

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.
2.63 % 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.
1.33 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.77 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%.
7.77 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 20 January 2020

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 4.75% APR-27 8.7
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.8
AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 7.3
AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 7.3
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 7.2
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.8
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.6
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 3.7
KREDITANSTALT FUER WIEDERAUFBAU 3.2% MAR-28 3.6
BNG BANK NV 3.3% APR-29 3.3
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
ACGB 4.75 04/21/27 Govt AUSTRALIA GOVERNMENT BOND 4.75% APR-27 8.7 Government Bond Australia AUD 1,530,000 $1,925,214 $1,925,214 2027-04-21 4.75 1.0398 6.2560
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.8 Government Bond Australia AUD 1,470,000 $1,736,702 $1,736,702 2029-04-21 3.25 1.1735 8.0717
ACGB 2.75 11/21/27 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 7.3 Government Bond Australia AUD 1,444,000 $1,623,937 $1,623,937 2027-11-21 2.75 1.0855 7.0813
ACGB 2.25 05/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 7.3 Government Bond Australia AUD 1,484,000 $1,616,388 $1,616,388 2028-05-21 2.25 1.1250 7.6087
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 7.2 Government Bond Australia AUD 1,400,000 $1,602,160 $1,602,160 2029-11-21 2.75 1.1890 8.6849
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.8 Government Bond Australia AUD 1,320,000 $1,496,286 $1,496,286 2028-11-21 2.75 1.1548 7.8911
ACGB 2.5 05/21/30 Govt AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.6 Government Bond Australia AUD 1,300,000 $1,462,968 $1,462,968 2030-05-21 2.5 1.2055 9.1599
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 3.7 Government Bond Australia AUD 800,000 $822,072 $822,072 2031-06-21 1.5 1.2400 10.4686
KFW 3.2 03/15/28 Corp KREDITANSTALT FUER WIEDERAUFBAU 3.2% MAR-28 3.6 Bonds Germany AUD 700,000 $788,004 $788,004 2028-03-15 3.2 1.5510 7.1711
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 3.3 Bonds Netherlands AUD 650,000 $738,589 $738,589 2029-04-26 3.3 1.7027 8.0205
EIB 3.3 02/03/28 Corp EUROPEAN INVESTMENT BANK 3.3% FEB-28 2.6 Bonds Supranational AUD 510,000 $578,651 $578,651 2028-02-03 3.3 1.5139 7.0399
ASIA 3.4 09/10/27 Corp ASIAN DEVELOPMENT BANK 3.4% SEP-27 2.2 Bonds Supranational AUD 420,000 $478,044 $478,044 2027-09-10 3.4 1.4782 6.7270
NEDWBK 3.5 07/20/27 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.5% JUL-27 1.8 Bonds Netherlands AUD 350,000 $395,941 $395,941 2027-07-20 3.5 1.6322 6.6622
IFC 3.2 10/18/27 Corp INTERNATIONAL FINANCE CORP 3.2% OCT-27 1.7 Bonds Supranational AUD 339,000 $381,300 $381,300 2027-10-18 3.2 1.4867 6.8708
RENTEN 2.6 03/23/27 Corp LANDWIRTSCHAFTLICHE RENTENBANK 2.6% MAR-27 1.6 Bonds Germany AUD 340,000 $365,367 $365,367 2027-03-23 2.6 1.4982 6.5101
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 1.6 Bonds Supranational AUD 321,000 $364,178 $364,178 2029-06-26 3.15 1.6065 8.2351
QTC 2.75 08/20/27 Govt QUEENSLAND TREASURY CORP 2.75% AUG-27 1.6 Government Bond Australia AUD 331,000 $361,770 $361,770 2027-08-20 2.75 1.4503 6.8079
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.6 Government Bond Australia AUD 310,000 $354,104 $354,104 2029-08-21 3.25 1.6392 8.2430
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.5 Government Bond Australia AUD 290,000 $325,322 $325,322 2029-04-20 3.0 1.5784 8.0968
NSWTC 3 03/20/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAR-28 1.5 Government Bond Australia AUD 289,000 $322,882 $322,882 2028-03-20 3.0 1.4698 7.2357
NSWTC 3 05/20/27 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAY-27 1.5 Government Bond Australia AUD 290,000 $322,524 $322,524 2027-05-20 3.0 1.3849 6.6001
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.25% JUL-28 1.4 Government Bond Australia AUD 280,000 $318,374 $318,374 2028-07-21 3.25 1.5242 7.5111
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.4 Government Bond Australia AUD 276,000 $310,826 $310,826 2030-02-20 3.0 1.6367 8.6949
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.3 Government Bond Australia AUD 300,000 $296,844 $296,844 2031-08-21 1.75 1.8514 10.3537
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.3 Government Bond Australia AUD 250,000 $280,978 $280,978 2028-10-20 3.0 1.4835 7.7142
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.2 Government Bond Australia AUD 240,000 $259,354 $259,354 2029-10-22 2.5 1.6030 8.6414
WATC 3 10/21/27 Govt WESTERN AUSTRALIAN TREASURY CORP 3.0% OCT-27 1.2 Government Bond Australia AUD 230,000 $255,937 $255,937 2027-10-21 3.0 1.4551 6.9215
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 1.0 Bonds Supranational AUD 200,000 $227,692 $227,692 2028-08-08 3.3 1.5628 7.4385
SAFA 3 05/24/28 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% MAY-28 0.9 Government Bond Australia AUD 170,000 $189,375 $189,375 2028-05-24 3.0 1.5382 7.4077
IBRD 3.3 08/14/28 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28 0.8 Bonds Supranational AUD 149,000 $169,975 $169,975 2028-08-14 3.3 1.5389 7.4567
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK 3.35% AUG-28 0.8 Bonds Supranational AUD 150,000 $168,881 $168,881 2028-08-08 3.35 1.7573 7.4095
BNG 3.3 07/17/28 Corp BNG BANK NV 3.3% JUL-28 0.7 Bonds Netherlands AUD 146,000 $164,713 $164,713 2028-07-17 3.3 1.6736 7.4773
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS 3.4% JUL-28 0.7 Bonds Norway AUD 144,000 $163,757 $163,757 2028-07-24 3.4 1.6634 7.4754
BNG 3.5 07/19/27 Corp BNG BANK NV 3.5% JUL-27 0.7 Bonds Netherlands AUD 134,000 $151,998 $151,998 2027-07-19 3.5 1.5911 6.6621
IADB 3.1 02/22/28 Corp INTER-AMERICAN DEVELOPMENT BANK 3.1% FEB-28 0.7 Bonds Supranational AUD 131,000 $146,455 $146,455 2028-02-22 3.1 1.5420 7.1331
WATC 3.25 07/20/28 Govt WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28 0.5 Government Bond Australia AUD 100,000 $113,753 $113,753 2028-07-20 3.25 1.5182 7.5089
SAFA 3 09/20/27 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% SEP-27 0.5 Government Bond Australia AUD 100,000 $111,177 $111,177 2027-09-20 3.0 1.4525 6.8357
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 0.5 Government Bond Australia AUD 100,000 $102,281 $102,281 2031-03-20 2.0 1.7737 9.9184
NSWTC 3 11/15/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% NOV-28 0.5 Government Bond Australia AUD 90,000 $101,053 $101,053 2028-11-15 3.0 1.5066 7.7817
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.5 Government Bond Australia AUD 100,000 $100,757 $100,757 2029-05-21 2.0 1.9106 8.4519
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.4 Government Bond Australia AUD 90,000 $98,811 $98,811 2029-07-24 2.75 1.6338 8.4217
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.4 Government Bond Australia AUD 100,000 $98,017 $98,017 2031-10-23 1.75 1.9391 10.5107
RENTEN 3.25 04/12/28 Corp LANDWIRTSCHAFTLICHE RENTENBANK 3.25% APR-28 0.4 Bonds Germany AUD 80,000 $90,478 $90,478 2028-04-12 3.25 1.5470 7.2355
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 0.3 Government Bond Australia AUD 60,000 $70,355 $70,355 2030-08-21 3.5 1.7099 8.8977
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 0.3 Bonds Netherlands AUD 60,000 $67,896 $67,896 2029-05-02 3.3 1.7565 8.0330
AUD AUD - AUSTRALIA DOLLAR 0.1 Cash AUD 23,175 $23,175 $23,175
Download CSV
* As at 17 January 2020

Sector Allocation

Australian Government
53.1%
Australian State Governments
22.0%
Supranational Banks
12.9%
Government Development Banks/Agencies
10.7%
Regional Authorities
1.3%
* As of 8 July 2019

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -2.42% -2.40%
3 months -2.20% -2.17%
6 months - 0.71%
1 year - 10.25%
3 year p.a - 6.79%
5 year p.a - 5.37%
Since inception (p.a) 0.24% 0.34%
Inception date 5-Jul-19 -
* As at 31 December 2019

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

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
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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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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NRWT and Fund Payment Notice information - August 2019 distributions
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NRWT and Fund Payment Notice information - July 2019 distributions
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