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 5 July 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 * $51.92
* As at 2 July 2020

Profile

Net Assets* ($A) $18,692,963
Units Outstanding* (#) 360,035
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 July 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

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.
2.35 % 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.
1.03 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
8.82 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%.
7.92 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
AAA
As at 03 July 2020

Portfolio Holdings

Name Weight (%)
AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.8
AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 7.2
AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 7.1
AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.7
AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.3
AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 6.3
AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 4.9
AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 4.1
AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 3.5
ASIAN DEVELOPMENT BANK 3.3% AUG-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 3.25 04/21/29 Govt AUSTRALIA GOVERNMENT BOND 3.25% APR-29 7.8 Government Bond Australia AUD 1,200,000 $1,446,444 $1,446,444 2029-04-21 3.25 0.8230 7.7567
ACGB 2.5 05/21/30 Govt AUSTRALIA GOVERNMENT BOND 2.5% MAY-30 7.2 Government Bond Australia AUD 1,170,000 $1,345,945 $1,345,945 2030-05-21 2.5 0.9043 8.8336
ACGB 2.25 05/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.25% MAY-28 7.1 Government Bond Australia AUD 1,184,000 $1,321,249 $1,321,249 2028-05-21 2.25 0.7320 7.2542
ACGB 2.75 11/21/29 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-29 6.7 Government Bond Australia AUD 1,070,000 $1,250,755 $1,250,755 2029-11-21 2.75 0.8692 8.3606
ACGB 2.75 11/21/28 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-28 6.3 Government Bond Australia AUD 1,020,000 $1,182,364 $1,182,364 2028-11-21 2.75 0.7820 7.5563
ACGB 2.75 11/21/27 Govt AUSTRALIA GOVERNMENT BOND 2.75% NOV-27 6.3 Government Bond Australia AUD 1,019,000 $1,171,381 $1,171,381 2027-11-21 2.75 0.6678 6.7342
ACGB 1.5 06/21/31 Govt AUSTRALIA GOVERNMENT BOND 1.5% JUN-31 4.9 Government Bond Australia AUD 865,000 $911,944 $911,944 2031-06-21 1.5 0.9764 10.1153
ACGB 1 12/21/30 Govt AUSTRALIA GOVERNMENT BOND 1.0% DEC-30 4.1 Government Bond Australia AUD 760,000 $763,276 $763,276 2030-12-21 1.0 0.9565 9.9040
ACGB 1.25 05/21/32 Govt AUSTRALIA GOVERNMENT BOND 1.25% MAY-32 3.5 Government Bond Australia AUD 645,000 $661,506 $661,506 2032-05-21 1.25 1.0205 11.0099
ASIA 3.3 08/08/28 Corp ASIAN DEVELOPMENT BANK 3.3% AUG-28 3.0 Bonds Supranational AUD 480,000 $559,834 $559,834 2028-08-08 3.3 1.1413 7.1237
BNG 3.3 07/17/28 Corp BNG BANK NV 3.3% JUL-28 2.3 Bonds Netherlands AUD 366,000 $424,340 $424,340 2028-07-17 3.3 1.2103 7.0583
BNG 3.3 04/26/29 Corp BNG BANK NV 3.3% APR-29 2.2 Bonds Netherlands AUD 350,000 $406,896 $406,896 2029-04-26 3.3 1.3364 7.7135
NEDWBK 3.5 07/20/27 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.5% JUL-27 2.2 Bonds Netherlands AUD 350,000 $402,409 $402,409 2027-07-20 3.5 1.2685 6.2297
NSWTC 3 02/20/30 Govt NEW SOUTH WALES TREASURY CORP 3.0% FEB-30 1.9 Government Bond Australia AUD 306,000 $351,612 $351,612 2030-02-20 3.0 1.3430 8.3863
EIB 3.3 02/03/28 Corp EUROPEAN INVESTMENT BANK 3.3% FEB-28 1.9 Bonds Supranational AUD 300,000 $347,628 $347,628 2028-02-03 3.3 1.1089 6.7148
IADB 3.1 02/22/28 Corp INTER-AMERICAN DEVELOPMENT BANK 3.1% FEB-28 1.8 Bonds Supranational AUD 291,000 $332,604 $332,604 2028-02-22 3.1 1.1374 6.8042
TCV 3 10/20/28 Govt TREASURY CORP OF VICTORIA 3.0% OCT-28 1.6 Government Bond Australia AUD 260,000 $299,200 $299,200 2028-10-20 3.0 1.0920 7.3912
RENTEN 3.25 04/12/28 Corp LANDWIRTSCHAFTLICHE RENTENBANK 3.25% APR-28 1.5 Bonds Germany AUD 240,000 $277,474 $277,474 2028-04-12 3.25 1.1428 6.9120
QTC 3.5 08/21/30 Govt QUEENSLAND TREASURY CORP 3.5% AUG-30 1.4 Government Bond Australia AUD 220,000 $263,987 $263,987 2030-08-21 3.5 1.3772 8.6157
NSWTC 3 03/20/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% MAR-28 1.4 Government Bond Australia AUD 224,000 $255,716 $255,716 2028-03-20 3.0 1.0795 6.9052
NSWTC 3 04/20/29 Govt NEW SOUTH WALES TREASURY CORP 3.0% APR-29 1.4 Government Bond Australia AUD 220,000 $252,622 $252,622 2029-04-20 3.0 1.2154 7.7805
TCV 2.5 10/22/29 Govt TREASURY CORP OF VICTORIA 2.5% OCT-29 1.3 Government Bond Australia AUD 220,000 $244,407 $244,407 2029-10-22 2.5 1.2327 8.3193
IFC 3.15 06/26/29 Corp INTERNATIONAL FINANCE CORP 3.15% JUN-29 1.3 Bonds Supranational AUD 206,000 $239,154 $239,154 2029-06-26 3.15 1.2479 7.9229
ASIA 3.4 09/10/27 Corp ASIAN DEVELOPMENT BANK 3.4% SEP-27 1.3 Bonds Supranational AUD 205,000 $238,023 $238,023 2027-09-10 3.4 1.0626 6.3997
QTC 2.75 08/20/27 Govt QUEENSLAND TREASURY CORP 2.75% AUG-27 1.3 Government Bond Australia AUD 211,000 $236,645 $236,645 2027-08-20 2.75 0.9788 6.4655
QTC 3.25 07/21/28 Govt QUEENSLAND TREASURY CORP 3.25% JUL-28 1.2 Government Bond Australia AUD 200,000 $232,740 $232,740 2028-07-21 3.25 1.1152 7.0874
BNG 3.5 07/19/27 Corp BNG BANK NV 3.5% JUL-27 1.2 Bonds Netherlands AUD 194,000 $224,086 $224,086 2027-07-19 3.5 1.1944 6.2316
QTC 3.25 08/21/29 Govt QUEENSLAND TREASURY CORP 3.25% AUG-29 1.2 Government Bond Australia AUD 190,000 $222,386 $222,386 2029-08-21 3.25 1.2657 7.9412
IFC 3.2 10/18/27 Corp INTERNATIONAL FINANCE CORP 3.2% OCT-27 1.1 Bonds Supranational AUD 179,000 $205,424 $205,424 2027-10-18 3.2 1.0859 6.5373
QTC 1.75 08/21/31 Govt QUEENSLAND TREASURY CORP 1.75% AUG-31 1.1 Government Bond Australia AUD 200,000 $204,236 $204,236 2031-08-21 1.75 1.5419 10.0268
NEDWBK 3.3 05/02/29 Corp NEDERLANDSE WATERSCHAPSBANK NV 3.3% MAY-29 1.0 Bonds Netherlands AUD 160,000 $185,234 $185,234 2029-05-02 3.3 1.3935 7.7257
IBRD 3.3 08/14/28 Corp INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 3.3% AUG-28 0.9 Bonds Supranational AUD 149,000 $173,975 $173,975 2028-08-14 3.3 1.1297 7.1410
KFW 3.2 03/15/28 Corp KREDITANSTALT FUER WIEDERAUFBAU 3.2% MAR-28 0.9 Bonds Germany AUD 150,000 $173,169 $173,169 2028-03-15 3.2 1.0997 6.8504
AFDB 3.35 08/08/28 Corp AFRICAN DEVELOPMENT BANK 3.35% AUG-28 0.9 Bonds Supranational AUD 150,000 $172,148 $172,148 2028-08-08 3.35 1.4118 7.0919
KBN 3.4 07/24/28 Govt KOMMUNALBANKEN AS 3.4% JUL-28 0.9 Bonds Norway AUD 144,000 $168,075 $168,075 2028-07-24 3.4 1.2129 7.0558
WATC 3.25 07/20/28 Govt WESTERN AUSTRALIAN TREASURY CORP 3.25% JUL-28 0.8 Government Bond Australia AUD 130,000 $151,447 $151,447 2028-07-20 3.25 1.0992 7.0859
WATC 2.75 07/24/29 Govt WESTERN AUSTRALIAN TREASURY CORP 2.75% JUL-29 0.7 Government Bond Australia AUD 120,000 $135,175 $135,175 2029-07-24 2.75 1.2660 8.0003
TCV 1.5 11/20/30 Govt TREASURY CORP OF VICTORIA 1.5% NOV-30 0.7 Government Bond Australia AUD 120,000 $121,314 $121,314 2030-11-20 1.5 1.3861 9.5625
NSWTC 3 11/15/28 Govt NEW SOUTH WALES TREASURY CORP 3.0% NOV-28 0.6 Government Bond Australia AUD 100,000 $115,049 $115,049 2028-11-15 3.0 1.1091 7.4586
EUROF 3.35 05/21/29 Corp EUROFIMA 3.35% MAY-29 0.6 Bonds Supranational AUD 100,000 $114,881 $114,881 2029-05-21 3.35 1.5483 7.7514
SAFA 3 09/20/27 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% SEP-27 0.6 Government Bond Australia AUD 100,000 $113,752 $113,752 2027-09-20 3.0 1.0152 6.5001
NSWTC 2 03/20/31 Govt NEW SOUTH WALES TREASURY CORP 2.0% MAR-31 0.6 Government Bond Australia AUD 100,000 $105,164 $105,164 2031-03-20 2.0 1.4766 9.5955
NTTC 2 05/21/29 Govt NORTHERN TERRITORY TREASURY CORP 2.0% MAY-29 0.6 Government Bond Australia AUD 100,000 $104,458 $104,458 2029-05-21 2.0 1.4615 8.1138
WATC 3 10/21/27 Govt WESTERN AUSTRALIAN TREASURY CORP 3.0% OCT-27 0.6 Government Bond Australia AUD 90,000 $102,706 $102,706 2027-10-21 3.0 0.9878 6.5871
SAFA 3 05/24/28 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 3.0% MAY-28 0.5 Government Bond Australia AUD 90,000 $102,520 $102,520 2028-05-24 3.0 1.1484 7.0761
AUSCAP 1.75 10/23/31 Govt AUSTRALIAN CAPITAL TERRITORY 1.75% OCT-31 0.5 Government Bond Australia AUD 100,000 $101,036 $101,036 2031-10-23 1.75 1.6482 10.1845
QTC 2.5 03/06/29 Govt QUEENSLAND TREASURY CORP 2.5% MAR-29 0.4 Government Bond Australia AUD 60,000 $66,323 $66,323 2029-03-06 2.5 1.2147 7.7886
SAFA 1.75 05/24/32 Govt SOUTH AUSTRALIAN GOVERNMENT FINANCING AUTHORITY 1.75% MAY-32 0.4 Government Bond Australia AUD 65,000 $65,504 $65,504 2032-05-24 1.75 1.6774 10.6722
AUD AUD - AUSTRALIA DOLLAR 0.3 Cash AUD 64,151 $64,151 $64,151
TASCOR 2 01/24/30 Govt TASMANIAN PUBLIC FINANCE CORP 2.0% JAN-30 0.2 Government Bond Australia AUD 40,000 $41,603 $41,603 2030-01-24 2.0 1.5467 8.6156
Download CSV
* As at 3 July 2020

Sector Allocation

Australian Government
53.8%
Australian State Governments
21.2%
Supranational Banks
12.6%
Government Development Banks/Agencies
12.3%
Regional Authorities
0.0%
* As of 31 May 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.54% 0.55%
3 months 0.04% 0.03%
6 months 2.11% 2.17%
1 year - 6.88%
3 year p.a - 6.93%
5 year p.a - 5.98%
Since inception (p.a) 4.90% 5.04%
Inception date 5-Jul-19 -
* As at 29 May 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* (%) -
12 Mth Gross Distribution Yield* (%) -
Franking Level -

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
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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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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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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2020 BetaShares Distribution Calendar
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