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

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 3 December 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 * $52.40
* As at 2 December 2020

Profile

Net Assets* ($A) $75,726,723
Units Outstanding* (#) 1,445,058
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 2 December 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 SOLAUGOV Index
Index Methodology

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.
2.19 % 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.
0.94 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.86 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%.
8.03 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 03 December 2020

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 7.3
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.1
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.5
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.5
AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 6.2
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 5.7
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 5.1
AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 4.7
AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 3.7
EUROPEAN INVESTMENT BANK 3.3% FEB-28 3.0
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 7.3 Government Bond AUD 4,850,000 $5,547,915 $5,547,915 2030-05-21 2.5 0.9198 8.5100
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.1 Government Bond AUD 4,490,000 $5,400,594 $5,400,594 2029-04-21 3.25 0.7930 7.4432
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.5 Government Bond AUD 4,220,000 $4,908,219 $4,908,219 2029-11-21 2.75 0.8675 8.0405
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.5 Government Bond AUD 4,240,000 $4,902,330 $4,902,330 2028-11-21 2.75 0.7402 7.2300
ACGB 2.25 05/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 6.2 Government Bond AUD 4,204,000 $4,689,961 $4,689,961 2028-05-21 2.25 0.6715 6.9124
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 5.7 Government Bond Australia AUD 4,330,000 $4,357,431 $4,357,431 2030-12-21 1.0 0.9820 9.4860
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 5.1 Government Bond AUD 3,685,000 $3,886,827 $3,886,827 2031-06-21 1.5 1.0200 9.6950
ACGB 1 11/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 4.7 Government Bond Australia AUD 3,610,000 $3,589,243 $3,589,243 2031-11-21 1.0 1.0600 10.3428
ACGB 1.25 05/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 3.7 Government Bond Australia AUD 2,775,000 $2,821,592 $2,821,592 2032-05-21 1.25 1.0988 10.6524
EIB 3.3 02/03/28 Corp EUROPEAN INVESTMENT BANK 3.3% FEB-28 3.0 Bonds AUD 1,920,000 $2,274,298 $2,274,298 2028-02-03 3.3 0.8045 6.4140
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 2.3 Bonds AUD 1,490,000 $1,756,181 $1,756,181 2029-04-26 3.3 1.1103 7.4212
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 2.3 Bonds AUD 1,450,000 $1,726,595 $1,726,595 2028-08-08 3.3 0.8704 6.8279
BNG 3.3 07/17/28 Corp BNG BANK NV 3.3% JUL-28 2.3 Bonds AUD 1,456,000 $1,719,085 $1,719,085 2028-07-17 3.3 1.0036 6.7591
RENTEN 3.25 04/12/28 Corp LANDWIRTSCHAFTLICHE RENTENBANK 3.25% APR-28 2.2 Bonds AUD 1,420,000 $1,669,451 $1,669,451 2028-04-12 3.25 0.8486 6.6077
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.25% JUL-28 1.9 Government Bond AUD 1,190,000 $1,415,660 $1,415,660 2028-07-21 3.25 0.8427 6.7907
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.7 Government Bond AUD 1,126,000 $1,321,502 $1,321,502 2030-02-20 3.0 1.1119 8.1019
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 1.7 Bonds AUD 1,106,000 $1,315,510 $1,315,510 2029-06-26 3.15 1.0054 7.5281
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.7 Government Bond AUD 1,090,000 $1,267,959 $1,267,959 2028-10-20 3.0 0.8982 7.0810
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.6 Government Bond AUD 990,000 $1,186,065 $1,186,065 2029-08-21 3.25 0.9852 7.6598
NEDWBK 3.45 07/17/28 Govt NEDERLANDSE WATERSCHAPSBANK NV 3.45% JUL-28 1.5 Bonds Netherlands AUD 950,000 $1,132,163 $1,132,163 2028-07-17 3.45 1.0097 6.7299
IADB 3.1 02/22/28 Corp INTER-AMERICAN DEVELOPMENT BANK 3.1% FEB-28 1.5 Bonds AUD 971,000 $1,131,443 $1,131,443 2028-02-22 3.1 0.8604 6.4970
KFW 3.2 03/15/28 Corp KREDITANSTALT FUER WIEDERAUFBAU 3.2% MAR-28 1.5 Bonds AUD 962,000 $1,129,330 $1,129,330 2028-03-15 3.2 0.8336 6.5422
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.4 Government Bond AUD 910,000 $1,062,762 $1,062,762 2029-04-20 3.0 0.9570 7.4824
NSWTC 3 03/20/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAR-28 1.3 Government Bond AUD 864,000 $1,003,018 $1,003,018 2028-03-20 3.0 0.8122 6.5927
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.3 Government Bond AUD 850,000 $956,327 $956,327 2029-10-22 2.5 1.0568 8.0080
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS 3.4% JUL-28 1.2 Bonds AUD 794,000 $941,632 $941,632 2028-07-24 3.4 1.0314 6.7569
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 1.2 Bonds AUD 760,000 $893,581 $893,581 2029-05-02 3.3 1.1404 7.4374
NSWTC 1.25 11/20/30 Govt NEW SOUTH WALES TREASURY CORP 1.25% NOV-30 1.2 Government Bond Australia AUD 870,000 $872,880 $872,880 2030-11-20 1.25 1.2208 9.3284
IBRD 3.3 08/14/28 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28 1.1 Bonds AUD 699,000 $832,422 $832,422 2028-08-14 3.3 0.8669 6.8443
EUROF 3.35 05/21/29 Corp EUROFIMA 3.35% MAY-29 1.1 Bonds AUD 700,000 $818,734 $818,734 2029-05-21 3.35 1.2485 7.4703
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.0 Government Bond AUD 750,000 $787,605 $787,605 2031-08-21 1.75 1.2983 9.7236
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 0.9 Government Bond AUD 580,000 $711,541 $711,541 2030-08-21 3.5 1.1374 8.3518
NHFIC 1.41 06/29/32 Govt NATIONAL HOUSING FINANCE AND INVESTMENT CORP 1.41% JUN-32 0.9 Bonds Australia AUD 650,000 $663,358 $663,358 2032-06-29 1.41 1.2761 10.5829
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK 3.35% AUG-28 0.9 Bonds AUD 550,000 $647,551 $647,551 2028-08-08 3.35 1.0841 6.8034
TCV 1.5 09/10/31 Govt TREASURY CORP OF VICTORIA 1.5% SEP-31 0.8 Bonds Australia AUD 630,000 $640,219 $640,219 2031-09-10 1.5 1.3738 9.8770
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 0.8 Government Bond AUD 560,000 $574,104 $574,104 2030-11-20 1.5 1.2378 9.2297
SAFA 2.75 05/24/30 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 2.75% MAY-30 0.8 Government Bond AUD 500,000 $572,113 $572,113 2030-05-24 2.75 1.1484 8.4260
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 0.8 Government Bond AUD 530,000 $569,628 $569,628 2031-03-20 2.0 1.2670 9.2900
WATC 3.25 07/20/28 Govt WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28 0.7 Government Bond AUD 460,000 $549,093 $549,093 2028-07-20 3.25 0.7930 6.7915
QTC 1.25 03/10/31 Govt QUEENSLAND TREASURY CORP 1.25% MAR-31 0.7 Government Bond Australia AUD 500,000 $500,888 $500,888 2031-03-10 1.25 1.2631 9.5687
IFC 0.75 05/24/28 Corp INTERNATIONAL FINANCE CORP 0.75% MAY-28 0.7 Euro Bond Supranational AUD 500,000 $495,218 $495,218 2028-05-24 0.75 0.8864 7.2378
WATC 1.75 10/22/31 Govt WESTERN AUSTRALIAN TREASURY CORP 1.75% OCT-31 0.4 Government Bond AUD 310,000 $326,173 $326,173 2031-10-22 1.75 1.2570 9.8941
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.4 Government Bond AUD 270,000 $312,782 $312,782 2029-07-24 2.75 0.9558 7.7093
SAFA 3 05/24/28 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% MAY-28 0.4 Government Bond AUD 250,000 $288,931 $288,931 2028-05-24 3.0 0.8567 6.7688
NSWTC 3 11/15/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% NOV-28 0.3 Government Bond AUD 220,000 $256,493 $256,493 2028-11-15 3.0 0.8580 7.1546
SAFA 1.75 05/24/32 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32 0.3 Government Bond AUD 235,000 $242,343 $242,343 2032-05-24 1.75 1.4590 10.3744
NTTC 3.5 05/21/30 Govt NORTHERN TERRITORY TREASURY CORP 3.5% MAY-30 0.3 Government Bond AUD 200,000 $240,157 $240,157 2030-05-21 3.5 1.2584 8.2080
QTC 2.5 03/06/29 Govt QUEENSLAND TREASURY CORP 2.5% MAR-29 0.3 Government Bond AUD 200,000 $225,614 $225,614 2029-03-06 2.5 0.9610 7.4759
IBRD 1.1 11/18/30 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.1% NOV-30 0.3 Bonds Supranational AUD 200,000 $198,119 $198,119 2030-11-18 1.1 1.2068 9.3847
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.1 Government Bond AUD 100,000 $106,680 $106,680 2029-05-21 2.0 1.1787 7.7941
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.1 Government Bond AUD 100,000 $103,934 $103,934 2031-10-23 1.75 1.3807 9.8836
AUSCAP 2.25 05/22/29 Govt AUSTRALIAN CAPITAL TERRITORY 2.25% MAY-29 0.1 Government Bond Australia AUD 60,000 $66,029 $66,029 2029-05-22 2.25 1.0187 7.7444
TASCOR 3.25 01/24/28 Govt TASMANIAN PUBLIC FINANCE CORP 3.25% JAN-28 0.1 Government Bond AUD 50,000 $58,878 $58,878 2028-01-24 3.25 0.8519 6.3927
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.1 Government Bond Australia AUD 40,000 $42,621 $42,621 2030-01-24 2.0 1.3220 8.3035
Download CSV
* As at 2 December 2020. Excludes cash

Sector Allocation

Australian Govt
55.2%
Australian State Govts
19.8%
Supranational Banks
11.4%
Govt Development Banks/Agencies
13.7%
Regional Authorities
0.0%
* As of 30 October 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -0.20% -0.17%
3 months 1.71% 1.76%
6 months 1.98% 2.09%
1 year 4.14% 4.31%
3 year p.a - 7.31%
5 year p.a - 6.29%
Since inception (p.a) 4.91% 5.09%
Inception date 5-Jul-19 -
* As at 30 November 2020

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)
2-Nov-20 3-Nov-20 17-Nov-20 $0.03544 1.33%
1-Oct-20 2-Oct-20 16-Oct-20 $0.03562 1.29%
1-Sep-20 2-Sep-20 16-Sep-20 $0.03684 1.06%
3-Aug-20 4-Aug-20 18-Aug-20 $0.03269 1.36%
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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Portfolio Holdings
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Product Disclosure Statement – AGVT
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Annual Report - June 2020
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NRWT and Fund Payment Notice information - October 2020 distributions
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NRWT and Fund Payment Notice information - September 2020 distributions
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NRWT and Fund Payment Notice information - August 2020 distributions
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NRWT and Fund Payment Notice information - July 2020 distributions
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NRWT and Fund Payment Notice information - June 2020 distributions
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NRWT and Fund Payment Notice information - May 2020 distributions
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NRWT and Fund Payment Notice information - April 2020 distributions
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NRWT and Fund Payment Notice information - March 2020 distributions
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NRWT and Fund Payment Notice information - February 2020 distributions
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NRWT and Fund Payment Notice information - January 2020 distributions
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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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2020 BetaShares Distribution Calendar
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