Australian Government Bond ETF
- Cash & Fixed income
Earn attractive income from Australian government bonds
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.
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.
|% Change (prev day)|
* Data is delayed by at least 20 minutes.
* As at 30 November 2023
|Net assets* ($A)||$574,357,402|
|Units outstanding* (#)||14,143,317|
|Management fee and cost** (p.a.)||0.22%|
|Distribution reinvestment plan (DRP)||Full or partial participation available|
|Registry||Link Market Services|
* As at 30 November 2023**Certain additional costs apply. Please refer to PDS.
|Bloomberg code||AGVT AU|
|Market makers||Susquehanna Pacific|
|Index||Solactive Australian Government 7 - 12 Year AUD TR Index|
|Index provider||Solactive AG|
|Bloomberg index ticker||SOLAUGOV Index|
|Running yield (% p.a.)||2.64|
|Yield to maturity (% p.a.)||4.73|
|Yield to worst (% p.a.)||4.73|
|Average maturity (yrs)||9.00|
|Modified duration (yrs)||7.80|
|Average credit rating||AAA|
Holdings & allocation
|AUSTRALIAN GOVERNMENT 1.0% NOV-31||6.2%|
|AUSTRALIAN GOVERNMENT 1.5% JUN-31||6.0%|
|AUSTRALIAN GOVERNMENT 1.0% DEC-30||6.0%|
|AUSTRALIAN GOVERNMENT 1.25% MAY-32||5.8%|
|AUSTRALIAN GOVERNMENT 4.5% APR-33||5.0%|
|AUSTRALIAN GOVERNMENT 1.75% NOV-32||4.7%|
|AUSTRALIAN GOVERNMENT 3.0% NOV-33||3.9%|
|INTL FINANCE CORP 1.5% APR-35||3.7%|
|AUSTRALIAN GOVERNMENT 3.75% MAY-34||3.4%|
|INTL BK RECON & DEVELOP 1.1% NOV-30||3.2%|
* As at 1 December 2023. Excludes cash
|Australian State Governments||29.5%|
|Government Dev Banks/Agencies||8.3%|
* As of 31 October 2023
Fund returns after fees (%)
|3 year p.a.||-7.82%||-7.65%|
|5 year p.a.||-||-0.93%|
|10 year p.a.||-||2.44%|
|Since inception (p.a.)||-3.96%||-3.79%|
* As at 31 October 2023.
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.
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
|12 mth distribution yield*||3.4%|
* As at 31 October 2023. 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.
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
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.
ASX announcements: AGVT
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