Key Highlights

  • The fund holds 11 Commonwealth government securities, each weighted at about 10%.
  • The index covers bonds with 5 to 10 years to maturity.
  • The management fee is 0.24% and the fund size is $286.14 million.
  • The October 2026 distribution of $0.185 is lower than the $0.217 paid in April.

Russell Investments Australian Government Bond ETF (ASX:RGB) seeks to track the performance of the DBIQ 5-10 Year Australian Government Bond Index by investing predominantly in Australian government fixed income securities. The index filters the largest and most liquid Commonwealth Government securities and weights them equally on reconstitution. The fund was admitted to the ASX on 13 March 2012 and last traded at $18.41 on 13 October 2026. It reports a fund size of $286.14 million.

Detail

Information

Ticker

ASX:RGB

Fund

Russell Investments Australian Government Bond ETF

Category

Bonds - Australia

Benchmark

DBIQ 5-10 Yr Australian Gov TR AUD

Fund size

$286.14 million

Management fee

0.24%

Total holdings

11

ASX admission date

13 March 2012

Equal-weight holdings

Each of the ten largest positions carries between 10.09% and 10.11%. Five series of Australian Commonwealth Government Loans account for about 10.1% each, alongside Commonwealth of Australia bonds with coupons of 4.5%, 2.75%, 3%, 5% and 4.25%.

Bonds represent 101.02% of the fund and other assets -1.02%, with no cash allocation. Reported turnover is 17.00%. The ten largest positions add up to 101.02% of net assets.

Country exposure and risk

Australia accounts for 100% of the fund, against 74.93% for the category. The fund reports a beta of 1.42 and a standard deviation of 4.37.

The fund may use derivatives to a limited extent to obtain or reduce exposure to the securities. The management fee is 0.24% a year.

Distributions

The interim distribution of $0.185 per unit had an ex-date of 30 September 2026, a record date of 1 October and payment on 15 October.

That is higher than the $0.086 paid in January 2026, $0.116 in October 2025 and $0.170 in July 2025, but lower than the $0.217 paid in April 2026.

Category classification and liquidity

Morningstar places the fund in the Bonds - Australia category, which covers funds investing primarily in traditional Australian fixed interest securities, including government and corporate debt, generally with maturities longer than one year and an average credit quality typically of A- or above.

Liquidity indicators add a further view. There are 15,568,221 units on issue, and average daily trading volume is 26,878 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 4,900 to 17,200 units, with 12,130 recorded on 13 October while the market was still open. The bid-offer range stood at $18.00 to $20.50, and the day range at $18.36 to $18.42. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged Month End Units on Issue, a Final Distribution notice for September 2026 and a dividend and distribution update on 6 October, and the Annual Financial Report on 30 September.

Final Takeaway

RGB gives equal-weighted exposure to a small group of intermediate-term Commonwealth bonds at a 0.24% fee, with no corporate credit. Its quarterly distribution varies between $0.086 and $0.217. These facts do not forecast outcomes.