• GOVT aims to match the S&P/ASX iBoxx Australian and State Government index before fees.
  • The fund holds 120 securities, all in Australia.
  • The ten largest holdings account for 29.62% of the portfolio.
  • The management fee is 0.10% and distributions are quarterly.

The State Street SPDR S&P/ASX iBoxx Australian Government Bond ETF (ASX:GOVT) aims to match the performance of the S&P/ASX iBoxx Australian and State Government index, before fees and other costs. It sits in the Bonds - Australia category and has been listed since 27 July 2012. The fund holds 120 securities and has a management fee of 0.10%. The table below sets out its main details.

Fund name

State Street SPDR S&P/ASX iBoxx Australian Government Bond ETF

ASX code

GOVT

Category

Bonds - Australia

Benchmark

S&P/ASX iBoxx Aus & State Gov 0+ TR AUD

Management fee

0.10%

Last price (23 October 2026 session)

$23.91

Admitted to ASX

27 July 2012

What exposure does GOVT offer?

GOVT gives exposure to Australian Commonwealth and state government bonds, all of which are reported as Australian. Its largest positions are Commonwealth bonds, each at roughly 2.6% to 3.2% of the fund. The reported allocation shows bonds at 101.73% and cash at -1.73%, and portfolio turnover is reported at 82.24%.

The Bonds - Australia category covers funds that invest in traditional Australian fixed interest securities, including government and corporate debt, with terms to maturity generally greater than one year and an average credit quality typically of A or above.

Portfolio composition

Reported asset allocation is bonds 101.73% and cash -1.73%. Australia accounts for 100.00% of reported geographic exposure. The fund reports 120 holdings, and the ten largest account for 29.62% of the portfolio. The leading positions include Australia (Commonwealth of) 2.75% (3.23%), Australia (Commonwealth of) 2.75% (second series) (3.19%) and Australia (Commonwealth of) 3.25% (3.12%).

Fees, price and distributions

The management fee is 0.10%. The last quoted price was $23.91 during the 23 October 2026 session. The latest distribution was $0.191 per unit, with an ex-date of 29 September 2026, a record date of 2 October 2026 and a payment date of 12 October 2026. An annual yield of 3.10% is shown for the fund. Distributions are made quarterly.

Who GOVT may suit

The fund may be of interest to investors who want a broad, low-fee index exposure to Australian government and semi-government debt. The ten largest holdings account for 29.62% of the portfolio, and the rest is spread across 120 securities. The latest distribution was $0.191 per unit with an annual yield of 3.10% shown, and distributions are quarterly.

Wrapping up

GOVT provides index-based exposure to Australian government and state government bonds at a 0.10% fee. The summary above covers its composition and distribution schedule, and further disclosures are available through the fund announcements.