Key Highlights

  • AGVT tracks Australian Government Bonds with between seven and 12 years to maturity.
  • The fund holds about 79 bonds, with the largest single positions around 4% to 4.5%.
  • Management fees are 0.22% a year, with an interim distribution of A$0.175 and an annual Yield of 4.44%.
  • The fund traded at A$40.55 in the 5 November 2026 session, up 0.42%.

The Betashares Australian Government Bond ETF (ASX:AGVT) provides a single-trade route to Australian government bonds in the seven-to-12-year Maturity range. Its holdings are mainly Commonwealth government bonds, which places the fund's focus on sovereign rather than corporate credit. Units traded at A$40.55 during the 5 November 2026 session, up 0.42%, while the S&P/ASX 200 was up 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$40.55, up 0.42%

Fund size

A$1.09 billion

Management fees and costs

0.22% a year

Annual yield

4.44%

Last distribution

A$0.175 interim, ex-date 2 November 2026

Number of holdings

About 79 bonds

Benchmark

Solactive Aus Gov 7-12 Yr TR AUD

Admitted to ASX

9 July 2019

What the fund is

AGVT is an exchange-traded fund that tracks a government bond index with a defined maturity range. Investors trade units on the ASX, and the fund holds the bonds in its index to reflect the index's composition.

The fund offers a focused exposure to the middle of the government yield curve. Because the maturity range is fixed by the index, the fund's Interest Rate sensitivity sits between very short and very long government bond funds.

How the portfolio is built

The index is limited to government bonds with between seven and 12 years remaining to maturity. Australia accounts for about 79% of the fund, with the remainder in supranational and offshore government issues, including Canada, the Netherlands and Norway.

The largest holdings are Commonwealth government bonds with coupons from 2.75% to 4.75%. Their individual weights are typically in the range of a few percent each, so the fund's performance depends on a relatively broad set of government issues.

Income and costs

The most recent distribution was an interim payment of A$0.175, with an ex-date of 2 November 2026 and payment on 17 November 2026. The annual yield is 4.44%. Yield reflects recent income relative to the unit price and will change as yields and prices move.

Management fees and costs are 0.22% a year. For a passively managed bond fund, this is a key Factor when comparing it with similar Index Funds or with holding bonds directly.

What to understand before investing

Government bonds are generally considered lower in Credit risk than corporate bonds, but they are not free of price risk. When yields rise, bond prices fall, and a fund holding seven-to-12-year bonds will feel that effect more than one holding only short-dated securities.

Investors should consider how the fund's interest rate exposure fits with their other holdings, including any cash or shares they already hold. Units trade on the ASX and can be bought and sold during trading hours, but their price may differ from the underlying value of the bonds.

Comparing with other government bond options

Investors choosing between a government bond fund and a direct bond holding should weigh the convenience of a listed fund against the lack of a fixed maturity date. A fund never matures, so its value at any point depends on prevailing yields rather than on the return of principal at a set date.

The index also rebalances as bonds move in and out of the seven-to-12-year range, which means the fund's holdings change over time even without any action by the manager.

Final Word

AGVT offers a focused, government-only bond exposure with a defined maturity range. Its income depends on the yields of mid-term Commonwealth and state bonds, which the index resets over time.