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

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.

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 24 July 2021

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* $51.92
* As at 22 July 2021

Profile

Net Assets* ($A) $176,798,078
Units Outstanding* (#) 3,405,350
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 22 July 2021
* 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)

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.
2.21 % 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.
1.20 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.81 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%.
7.95 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 23 July 2021

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 6.8
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.5
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 6.2
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.2
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 5.9
AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 5.6
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 5.6
BNG BANK NV 3.3% APR-29 4.3
AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 4.2
AUSTRALIA GOVERNMENT BOND 4.5% APR-33 3.4
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 6.8 Government Bond Australia AUD 10,730,000 $12,082,248 $12,082,248 2030-05-21 2.5 1.0537 7.9528
ACGB 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 6.5 Government Bond Australia AUD 9,670,000 $11,426,942 $11,426,942 2029-04-21 3.25 0.9260 6.8972
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 6.2 Government Bond Australia AUD 11,150,000 $11,034,988 $11,034,988 2030-12-21 1.0 1.1270 8.9346
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.2 Government Bond Australia AUD 9,640,000 $11,031,004 $11,031,004 2029-11-21 2.75 1.0005 7.4859
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 5.9 Government Bond Australia AUD 9,170,000 $10,428,262 $10,428,262 2028-11-21 2.75 0.8805 6.6674
ACGB 1 11/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.0% NOV-31 5.6 Government Bond Australia AUD 10,049,000 $9,879,524 $9,879,524 2031-11-21 1.0 1.1930 9.7473
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 5.6 Government Bond Australia AUD 9,525,000 $9,847,469 $9,847,469 2031-06-21 1.5 1.1530 9.1857
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 4.3 Bonds Netherlands AUD 6,570,000 $7,553,069 $7,553,069 2029-04-26 3.3 1.3710 6.8700
ACGB 1.25 05/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 4.2 Government Bond Australia AUD 7,315,000 $7,351,941 $7,351,941 2032-05-21 1.25 1.2225 10.0691
ACGB 4.5 04/21/33 Govt AUSTRALIA GOVERNMENT BOND 4.5% APR-33 3.4 Government Bond Australia AUD 4,350,000 $5,943,275 $5,943,275 2033-04-21 4.5 1.2450 9.5093
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 2.6 Bonds Netherlands AUD 4,030,000 $4,627,468 $4,627,468 2029-05-02 3.3 1.3848 6.8866
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 2.6 Bonds Supranational AUD 3,910,000 $4,524,398 $4,524,398 2028-08-08 3.3 1.1931 6.2663
ACGB 1.75 11/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.75% NOV-32 2.4 Government Bond Australia AUD 4,100,000 $4,325,459 $4,325,459 2032-11-21 1.75 1.2574 10.2528
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 2.2 Bonds Supranational AUD 3,336,000 $3,803,741 $3,803,741 2029-06-26 3.15 1.3146 7.0691
BNG 3.3 07/17/28 Corp BNG BANK NV 3.3% JUL-28 2.1 Bonds Netherlands AUD 3,302,000 $3,750,956 $3,750,956 2028-07-17 3.3 1.2697 6.2922
NEDWBK 3.45 07/17/28 Govt NEDERLANDSE WATERSCHAPSBANK NV 3.45% JUL-28 1.9 Bonds Netherlands AUD 2,950,000 $3,381,231 $3,381,231 2028-07-17 3.45 1.2670 6.2693
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.8 Government Bond Australia AUD 2,706,000 $3,112,820 $3,112,820 2030-02-20 3.0 1.3006 7.5540
IBRD 1.1 11/18/30 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.1% NOV-30 1.7 Bonds Supranational AUD 3,032,000 $2,924,121 $2,924,121 2030-11-18 1.1 1.5358 8.7774
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 1.6 Government Bond Australia AUD 2,330,000 $2,804,108 $2,804,108 2030-08-21 3.5 1.2918 7.8204
EUROF 3.35 05/21/29 Corp EUROFIMA 3.35% MAY-29 1.6 Bonds Supranational AUD 2,450,000 $2,795,107 $2,795,107 2029-05-21 3.35 1.5154 6.9188
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.6 Government Bond Australia AUD 2,450,000 $2,795,058 $2,795,058 2029-04-20 3.0 1.1965 6.9255
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.25% JUL-28 1.6 Government Bond Australia AUD 2,400,000 $2,759,484 $2,759,484 2028-07-21 3.25 1.0295 6.3242
IBRD 3.3 08/14/28 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28 1.4 Bonds Supranational AUD 2,149,000 $2,487,811 $2,487,811 2028-08-14 3.3 1.1827 6.2834
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.4 Government Bond Australia AUD 2,070,000 $2,429,280 $2,429,280 2029-08-21 3.25 1.1718 7.1134
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK 3.35% AUG-28 1.3 Bonds Supranational AUD 2,050,000 $2,364,573 $2,364,573 2028-08-08 3.35 1.2937 6.2515
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.3 Government Bond Australia AUD 2,028,000 $2,241,062 $2,241,062 2029-10-22 2.5 1.2384 7.4478
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.3 Government Bond Australia AUD 1,947,000 $2,220,028 $2,220,028 2028-10-20 3.0 1.0937 6.5236
NHFIC 1.41 06/29/32 Govt NATIONAL HOUSING FINANCE AND INVESTMENT CORP 1.41% JUN-32 1.3 Bonds Australia AUD 2,230,000 $2,217,824 $2,217,824 2032-06-29 1.41 1.4750 10.0739
TCV 4.25 12/20/32 Govt TREASURY CORP OF VICTORIA 4.25% DEC-32 1.1 Government Bond Australia AUD 1,536,000 $1,976,448 $1,976,448 2032-12-20 4.25 1.5388 9.3574
EIB 1.3 01/27/31 Corp EUROPEAN INVESTMENT BANK 1.3% JAN-31 1.0 Bonds Supranational AUD 1,858,000 $1,822,224 $1,822,224 2031-01-27 1.3 1.5184 8.8934
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.0 Government Bond Australia AUD 1,730,000 $1,791,891 $1,791,891 2031-08-21 1.75 1.4476 9.1557
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 1.0 Government Bond Australia AUD 1,724,000 $1,743,567 $1,743,567 2030-11-20 1.5 1.4014 8.6476
TCV 1.5 09/10/31 Govt TREASURY CORP OF VICTORIA 1.5% SEP-31 1.0 Bonds Australia AUD 1,674,000 $1,685,341 $1,685,341 2031-09-10 1.5 1.4881 9.3076
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 0.9 Government Bond Australia AUD 1,570,000 $1,659,019 $1,659,019 2031-03-20 2.0 1.4463 8.7268
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS 3.4% JUL-28 0.6 Bonds Norway AUD 982,000 $1,119,588 $1,119,588 2028-07-24 3.4 1.3012 6.2939
WATC 3.25 07/20/28 Govt WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28 0.6 Government Bond Australia AUD 910,000 $1,046,832 $1,046,832 2028-07-20 3.25 1.0220 6.3219
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.6 Government Bond Australia AUD 920,000 $1,032,148 $1,032,148 2029-07-24 2.75 1.1520 7.2381
NSWTC 2 03/08/33 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-33 0.5 Government Bond Australia AUD 926,000 $963,503 $963,503 2033-03-08 2.0 1.6875 10.2842
QTC 1.5 08/20/32 Govt QUEENSLAND TREASURY CORP 1.5% AUG-32 0.5 Government Bond Australia AUD 870,000 $870,370 $870,370 2032-08-20 1.5 1.5600 10.0896
SAFA 1.75 05/24/32 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32 0.4 Government Bond Australia AUD 660,000 $669,851 $669,851 2032-05-24 1.75 1.6298 9.8071
NSWTC 3 11/15/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% NOV-28 0.4 Government Bond Australia AUD 570,000 $651,248 $651,248 2028-11-15 3.0 1.0516 6.5952
NSWTC 1.5 02/20/32 Govt NEW SOUTH WALES TREASURY CORP 1.5% FEB-32 0.4 Government Bond Australia AUD 650,000 $649,396 $649,396 2032-02-20 1.5 1.5766 9.6675
QTC 2.5 03/06/29 Govt QUEENSLAND TREASURY CORP 2.5% MAR-29 0.3 Government Bond Australia AUD 550,000 $611,688 $611,688 2029-03-06 2.5 1.0935 6.9168
QTC 6.5 03/14/33 Govt QUEENSLAND TREASURY CORP 6.5% MAR-33 0.3 Government Bond Australia AUD 382,000 $589,275 $589,275 2033-03-14 6.5 1.5960 8.8231
SAFA 2.75 05/24/30 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 2.75% MAY-30 0.3 Government Bond Australia AUD 500,000 $559,798 $559,798 2030-05-24 2.75 1.3647 7.8700
NTTC 2.5 05/21/32 Govt NORTHERN TERRITORY TREASURY CORP 2.5% MAY-32 0.3 Government Bond Australia AUD 500,000 $536,563 $536,563 2032-05-21 2.5 1.7994 9.4713
TASCOR 2.25 01/22/32 Govt TASMANIAN PUBLIC FINANCE CORP 2.25% JAN-32 0.3 Government Bond Australia AUD 500,000 $532,238 $532,238 2032-01-22 2.25 1.5834 9.3640
AUSCAP 1.75 05/17/30 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% MAY-30 0.3 Government Bond Australia AUD 500,000 $514,595 $514,595 2030-05-17 1.75 1.4368 8.1251
QTC 1.25 03/10/31 Govt QUEENSLAND TREASURY CORP 1.25% MAR-31 0.3 Government Bond Australia AUD 500,000 $496,990 $496,990 2031-03-10 1.25 1.3695 8.9880
WATC 1.75 10/22/31 Govt WESTERN AUSTRALIAN TREASURY CORP 1.75% OCT-31 0.3 Government Bond Australia AUD 480,000 $496,606 $496,606 2031-10-22 1.75 1.4338 9.3245
NSWTC 1.25 11/20/30 Govt NEW SOUTH WALES TREASURY CORP 1.25% NOV-30 0.3 Government Bond Australia AUD 470,000 $466,527 $466,527 2030-11-20 1.25 1.3612 8.7397
WATC 1.5 10/22/30 Govt WESTERN AUSTRALIAN TREASURY CORP 1.5% OCT-30 0.2 Government Bond Australia AUD 317,000 $323,093 $323,093 2030-10-22 1.5 1.3236 8.5765
AUSCAP 2.25 05/22/29 Govt AUSTRALIAN CAPITAL TERRITORY 2.25% MAY-29 0.2 Government Bond Australia AUD 290,000 $313,217 $313,217 2029-05-22 2.25 1.2274 7.1715
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.2 Government Bond Australia AUD 290,000 $296,573 $296,573 2031-10-23 1.75 1.5578 9.3152
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.1 Government Bond Australia AUD 240,000 $250,955 $250,955 2030-01-24 2.0 1.4293 7.8126
NTTC 3.5 05/21/30 Govt NORTHERN TERRITORY TREASURY CORP 3.5% MAY-30 0.1 Government Bond Australia AUD 200,000 $236,389 $236,389 2030-05-21 3.5 1.3784 7.6774
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.1 Government Bond Australia AUD 100,000 $105,639 $105,639 2029-05-21 2.0 1.2885 7.2223
Download CSV
* As at 22 July 2021. Excludes cash

Sector Allocation

Australian Govt
52.8%
Australian State Govts
21.9%
Supranational Banks
11.8%
Govt Development Banks/Agencies
13.5%
Regional Authorities
0.0%
* As of 30 June 2021

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 1.02% 1.03%
3 months 2.26% 2.31%
6 months -2.88% -2.82%
1 year -1.88% -1.73%
3 year p.a - 5.78%
5 year p.a - 3.85%
Since inception (p.a) 1.70% 1.86%
Inception date 5-Jul-19 -
* As at 30 June 2021

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* (%) 1.0%
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Jul-21 2-Jul-21 16-Jul-21 $0.03927 0.76%
1-Jun-21 2-Jun-21 17-Jun-21 $0.04207 0.74%
3-May-21 4-May-21 18-May-21 $0.04113 0.73%
1-Apr-21 6-Apr-21 20-Apr-21 $0.0465 0.80%
1-Mar-21 2-Mar-21 16-Mar-21 $0.03948 0.81%
1-Feb-21 2-Feb-21 16-Feb-21 $0.04065 0.84%
4-Jan-21 5-Jan-21 19-Jan-21 $0.04131 0.87%
1-Dec-20 2-Dec-20 16-Dec-20 $0.03668 1.11%
2-Nov-20 3-Nov-20 17-Nov-20 $0.03544 1.15%
1-Oct-20 2-Oct-20 16-Oct-20 $0.03562 1.14%
1-Sep-20 2-Sep-20 16-Sep-20 $0.03684 1.16%
3-Aug-20 4-Aug-20 18-Aug-20 $0.03269 1.24%
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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Product Disclosure Statement Update - 8 March 2021
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Interim Financial Report - December 2020
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Annual Report - June 2020
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NRWT and Fund Payment Notice information - June 2021 distributions
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NRWT and Fund Payment Notice information - May 2021 distributions
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NRWT and Fund Payment Notice information - April 2021 distributions
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NRWT and Fund Payment Notice information - March 2021 distributions
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NRWT and Fund Payment Notice information - February 2021 distributions
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NRWT and Fund Payment Notice information - January 2021 distributions
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NRWT and Fund Payment Notice information - December 2020 distributions
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NRWT and Fund Payment Notice information - November 2020 distributions
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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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