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 22 November 2019

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 * $51.02
* As at 21 November 2019

Profile

Net Assets* ($A) $10,204,954
Units Outstanding* (#) 200,007
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 21 November 2019
* As of close of previous day
**Certain additional costs apply. Please refer to PDS.

Trading Information

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.
1.24 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.85 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%.
7.85 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 22 November 2019

Portfolio Holdings

Name Weight (%)
AUSTRALIAN GOVERNMENT 2.750 21 Nov 29 15.9
KFW MTN 3.200 15 Mar 28 7.8
AUSTRALIAN GOVERNMENT 2.750 21 Nov 27 7.8
AUSTRALIAN GOVERNMENT 2.750 21 Nov 28 6.7
AUSTRALIAN GOVERNMENT 2.250 21 May 28 6.7
AUSTRALIAN GOVERNMENT 4.750 21 Apr 27 5.4
AUSTRALIAN GOVERNMENT 3.250 21 Apr 29 5.3
ASIAN DEVELOPMENT BANK MTN 3.400 10 Sep 27 4.7
TREASURY CORP VICTORIA 5.500 17 Nov 26 2.9
INTL FINANCE CORP MTN 3.150 26 Jun 29 2.8
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
ACGB 2.75 11/21/29 Govt AUSTRALIAN GOVERNMENT 2.750 21 Nov 29 15.9 Government Bond Australia AUD 1,400,000 $1,621,648 $1,621,648 2029-11-21 2.75 1.0738 8.8524
KFW 3.2 03/15/28 Corp KFW MTN 3.200 15 Mar 28 7.8 Bonds Germany AUD 700,000 $795,221 $795,221 2028-03-15 3.2 1.4545 7.3340
ACGB 2.75 11/21/27 Govt AUSTRALIAN GOVERNMENT 2.750 21 Nov 27 7.8 Government Bond AUD 700,000 $793,625 $793,625 2027-11-21 2.75 1.0030 7.2426
ACGB 2.75 11/21/28 Govt AUSTRALIAN GOVERNMENT 2.750 21 Nov 28 6.7 Government Bond Australia AUD 600,000 $686,670 $686,670 2028-11-21 2.75 1.0605 8.0547
ACGB 2.25 05/21/28 Govt AUSTRALIAN GOVERNMENT 2.250 21 May 28 6.7 Government Bond Australia AUD 620,000 $680,996 $680,996 2028-05-21 2.25 1.0360 7.7708
ACGB 4.75 04/21/27 Govt AUSTRALIAN GOVERNMENT 4.750 21 Apr 27 5.4 Government Bond Australia AUD 430,000 $546,177 $546,177 2027-04-21 4.75 0.9598 6.4164
ACGB 3.25 04/21/29 Govt AUSTRALIAN GOVERNMENT 3.250 21 Apr 29 5.3 Government Bond Australia AUD 450,000 $537,539 $537,539 2029-04-21 3.25 1.0695 8.2366
ASIA 3.4 09/10/27 Corp ASIAN DEVELOPMENT BANK MTN 3.400 10 Sep 27 4.7 Bonds Supranational AUD 420,000 $481,324 $481,324 2027-09-10 3.4 1.4134 6.8871
TCV 5.5 11/17/26 Govt TREASURY CORP VICTORIA 5.500 17 Nov 26 2.9 Government Bond Australia AUD 230,000 $296,063 $296,063 2026-11-17 5.5 1.1957 5.9965
IFC 3.15 06/26/29 Corp INTL FINANCE CORP MTN 3.150 26 Jun 29 2.8 Bonds Supranational AUD 250,000 $286,310 $286,310 2029-06-26 3.15 1.5156 8.2855
ACGB 2.5 05/21/30 Govt AUSTRALIAN GOVERNMENT 2.500 21 May 30 2.8 Government Bond Australia AUD 250,000 $284,863 $284,863 2030-05-21 2.5 1.0893 9.3283
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.250 21 Aug 29 2.7 Government Bond Australia AUD 240,000 $276,895 $276,895 2029-08-21 3.25 1.5433 8.4070
NSWTC 3 04/20/29 Govt NEW S WALES TREASURY CRP 3.000 20 Apr 29 2.7 Government Bond Australia AUD 240,000 $271,858 $271,858 2029-04-20 3.0 1.4817 8.2606
ACGB 1.5 06/21/31 Govt AUSTRALIAN GOVERNMENT 1.500 21 Jun 31 2.6 Government Bond Australia AUD 250,000 $260,140 $260,140 2031-06-21 1.5 1.1250 10.5605
WATC 3 10/21/27 Govt WESTERN AUST TREAS CORP 3.000 21 Oct 27 2.5 Government Bond Australia AUD 230,000 $257,821 $257,821 2027-10-21 3.0 1.3789 7.0813
TCV 3 10/20/28 Govt TREASURY CORP VICTORIA 3.000 20 Oct 28 2.2 Government Bond Australia AUD 200,000 $226,704 $226,704 2028-10-20 3.0 1.3990 7.8760
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.750 21 Aug 31 2.0 Government Bond Australia AUD 200,000 $200,614 $200,614 2031-08-21 1.75 1.7208 10.5239
IFC 3.2 10/18/27 Corp INTL FINANCE CORP MTN 3.200 18 Oct 27 1.8 Bonds Supranational AUD 160,000 $181,144 $181,144 2027-10-18 3.2 1.4238 7.0298
EIB 3.3 02/03/28 Corp EUROPEAN INVESTMENT BANK MTN 3.300 03 Feb 28 1.7 Bonds Supranational AUD 150,000 $171,405 $171,405 2028-02-03 3.3 1.4455 7.1990
IBRD 3.3 08/14/28 Corp INTL BK RECON & DEVELOP MTN 3.300 14 Aug 28 1.2 Bonds Supranational AUD 110,000 $126,492 $126,492 2028-08-14 3.3 1.4618 7.6172
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.250 21 Jul 28 1.1 Government Bond Australia AUD 100,000 $114,697 $114,697 2028-07-21 3.25 1.4372 7.5666
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS MTN 3.400 24 Jul 28 1.1 Bonds Norway AUD 100,000 $114,376 $114,376 2028-07-24 3.4 1.6144 7.5234
NSWTC 3 03/20/28 Govt NEW S WALES TREASURY CRP 3.000 20 Mar 28 1.1 Government Bond Australia AUD 100,000 $112,687 $112,687 2028-03-20 3.0 1.3797 7.3981
NSWTC 3 05/20/27 Govt NEW S WALES TREASURY CRP 3.000 20 May 27 1.1 Government Bond Australia AUD 100,000 $112,184 $112,184 2027-05-20 3.0 1.2870 6.7616
SAFA 3 09/20/27 Govt SOUTH AUST GOVT FIN AUTH 3.000 20 Sep 27 1.1 Government Bond Australia AUD 100,000 $112,070 $112,070 2027-09-20 3.0 1.3663 6.9971
KOMMUN 2.9 11/27/26 Govt KOMMUNEKREDIT MTN 2.900 27 Nov 26 1.1 Bonds Denmark AUD 100,000 $108,558 $108,558 2026-11-27 2.9 1.6032 6.3675
BNG 3.5 07/19/27 Corp BNG BANK NV MTN 3.500 19 Jul 27 0.9 Bonds Netherlands AUD 80,000 $91,429 $91,429 2027-07-19 3.5 1.5142 6.7200
IADB 3.1 02/22/28 Corp INTER-AMERICAN DEVEL BK MTN 3.100 22 Feb 28 0.9 Bonds Supranational AUD 80,000 $90,026 $90,026 2028-02-22 3.1 1.4785 7.2917
NSWTC 3 02/20/30 Govt NEW S WALES TREASURY CRP 3.000 20 Feb 30 0.7 Government Bond Australia AUD 60,000 $68,444 $68,444 2030-02-20 3.0 1.5105 8.8632
BNG 3.3 04/26/29 Corp BNG BANK NV MTN 3.300 26 Apr 29 0.6 Bonds Netherlands AUD 50,000 $57,379 $57,379 2029-04-26 3.3 1.6049 8.1846
NSWTC 3 11/15/28 Govt NEW S WALES TREASURY CRP 3.000 15 Nov 28 0.6 Government Bond Australia AUD 50,000 $56,605 $56,605 2028-11-15 3.0 1.4257 7.9441
RENTEN 2.6 03/23/27 Corp LANDWIRTSCH. RENTENBANK MTN 2.600 23 Mar 27 0.5 Bonds Germany AUD 50,000 $54,117 $54,117 2027-03-23 2.6 1.4125 6.6706
BNG 3.3 07/17/28 Corp BNG BANK NV MTN 3.300 17 Jul 28 0.4 Bonds Netherlands AUD 40,000 $45,533 $45,533 2028-07-17 3.3 1.5809 7.5312
AUD AUD - Australia Dollar 0.3 Cash AUD 32,143 $32,143 $32,143
NSWTC 2 03/20/31 Govt NEW S WALES TREASURY CRP 2.000 20 Mar 31 0.2 Government Bond Australia AUD 20,000 $20,770 $20,770 2031-03-20 2.0 1.6260 10.0918
Download CSV
* As at 21 November 2019

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 -0.83% -0.82%
3 months 0.69% 0.72%
6 months - 6.25%
1 year - 14.73%
3 year p.a - 6.25%
5 year p.a - 6.65%
Since inception (p.a) 1.65% 1.72%
Inception date 5-Jul-19 -
* As at 31 October 2019

Chart

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)
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 - 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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