VanEck 1-5 Year Australian Government Bond ETF (1GOV) Review & Analysis

MER Β· Top 25%AUM Β· #415 of 5081Y Return Β· #278 of 4263Y Return Β· #274 of 300
What's new this monthData to 30 September 2026
  • βˆ’0.4% in September (total return), in line with the median Australian bonds ETF at βˆ’0.4%.
  • Investors withdrew a net $3.0m (-15.0% of the fund).
  • The unit price closed the month at $50.92, 3% below its 12-month high (range $50.47 to $52.47).

About 1GOV

1GOV is an Australian bonds ETF from VanEck, listed on the ASX since September 2023. With $17m under management it is number 49 of 59 Australian bonds ETFs by size. The management fee is 0.22% a year, about $22 on every $10,000 invested, cheaper than the typical Australian bonds ETF at 0.25%.

Its largest holdings are AUSTRALIA GOVERNMENT BOND, AUSTRALIA GOVERNMENT BOND and AUSTRALIA GOVERNMENT BOND, and the top 10 make up 68% of the fund. By sector it leans towards bonds & cash (100%).

Over the past year it returned +0.6%, against +0.7% for the median Australian bonds ETF. With its focus on bonds & fixed income, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.

1GOV distributions and dividend dates

1GOV pays distributions monthly, with payment about 15 days after the ex-date. (Pattern estimated from recent payments.)

The latest distribution was $0.125 per unit (0% franked), ex-distribution on 2 November 2026 and paid on 17 November 2026. To receive it you need to own 1GOV before the ex-date.

Its distribution yield over the past 12 months is about 2.7%. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare 1GOV with

1GOV price by TradingView

Stock Code1GOV
Fund ManagerVanEck
Asset ClassAustralian bonds
AUM$17m
MER (%)0.22%
Net flows (Sep)βˆ’$3.0m
Last Price$50.92
52-Week Range$50.47 – $52.47
Bid/Ask Spread0.07%
Listing Date28/09/2023
ExchangeASX
Index trackedS&P/ASX iBoxx Australian & State Governments 1-5 Index
Issuer websiteVanEck β†—

Performance (% return)

-0%3%6%10%1M-0.4%1Y0.6%3Y9.9%5Yn/a
1 monthβˆ’0.4%
1 year+0.6%
3 years p.a.+3.2%
5 years p.a.–

$10,000 invested…

1 year ago$10,0603 years ago$10,991

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

1GOV at a glance: strengths and things to watch

πŸ‘ Strengths

  • Cheap to trade. A bid/ask spread of 0.07%, so buying and selling costs little extra.

⚠️ Things to watch

  • Small fund. With $17m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
  • Money is flowing out. Investors withdrew a net $3.0m in September (18% of the fund).
  • Concentrated. The top 10 holdings make up 68% of the fund, so a few companies drive the result.

Worked out from 1GOV's fees, size, flows, returns and trend against the 59 Australian bonds ETFs in Australia, to 30 September 2026. General information, not a recommendation.

Joshua StegaetfadviserTrend check
Base since 14 Oct 2026

1GOV is in a base. Here's why that matters.

1GOV's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Why no chart? Bond, cash and currency fund prices drop each time a distribution is paid, so a price chart makes them look worse than they are. Check the total returns above instead.

Read more at etfadviser.com.au β†’

Investment Focus

Themes & Sectors

Bonds & fixed income

Portfolio Breakdown

Top 10 holdings (68.2% of the fund)

SymbolCompany% assets
10.04%
9.44%
8.81%
8.56%
7.64%
7.16%
6.20%
4.07%
3.24%
3.01%

Sector breakdown

  • Bonds & cash100.0%

Holdings from the issuer's published portfolio. Compare 1GOV's holdings with other ETFs β†’

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

Similar ETFs

CodeNameSame holdingsMERAUM1Y3Y p.a.5Y p.a.
XGOVVanEck 10+ Year Australian Government Bond ETF–0.22%$477mβˆ’2.5%+2.7%–
ALTBiShares 15+ Year Australian Government Bond ETF–0.15%$315mβˆ’5.9%––
5GOVVanEck 5-10 Year Australian Government Bond ETF–0.22%$54mβˆ’1.8%+3.3%–
VGBVanguard Australian Government Bond Index ETF–0.16%$1.4bnβˆ’0.7%+3.2%βˆ’0.5%
AGVTBetashares Australian Government Bond ETF–0.22%$1.1bnβˆ’1.8%+3.3%βˆ’1.6%
RGBRussell Investments Australian Government Bond ETF–0.24%$285mβˆ’2.5%+2.7%βˆ’1.7%

Same holdings is the share of 1GOV's money in companies the other ETF also holds, weighted by size. No other ETF shares much with 1GOV, so these are ETFs in the same category. See every ETF like 1GOV β†’

1GOV vs its closest alternatives

What actually differs between 1GOV and the ETFs most like it. Data to 30 Sep 2026.

XGOV VanEck 10+ Year Australian Government Bond ETF

  • Both charge the same fee (0.22%).
  • Over 3 years, a year: 1GOV +3.2%, XGOV +2.7% (almost identical).
  • XGOV is much larger ($477m vs $17m), which usually means tighter trading spreads.

Compare 1GOV and XGOV side by side β†’

ALTB iShares 15+ Year Australian Government Bond ETF

  • ALTB is cheaper (0.15% vs 0.22%), worth about $4,899 on $100,000 over 20 years.
  • Over 1 year: 1GOV +0.6%, ALTB βˆ’5.9% (1GOV ahead by 6.6 percentage points).
  • ALTB is much larger ($315m vs $17m), which usually means tighter trading spreads.

Compare 1GOV and ALTB side by side β†’

5GOV VanEck 5-10 Year Australian Government Bond ETF

  • Both charge the same fee (0.22%).
  • Over 3 years, a year: 1GOV +3.2%, 5GOV +3.3% (almost identical).
  • 5GOV is about 3 times larger ($54m vs $17m), which usually means tighter trading spreads.

Compare 1GOV and 5GOV side by side β†’

General information only. Past performance is not a reliable indicator of future performance.

1GOV FAQs

What is the fee for 1GOV?

1GOV charges a management fee (MER) of 0.22% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is 1GOV?

1GOV had $17m in funds under management as at 30 September 2026.

How has 1GOV performed?

1GOV returned +0.6% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +3.2% a year. Past performance is not a reliable indicator of future performance.

Who manages 1GOV?

1GOV is managed by VanEck and has been listed since September 2023.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the VanEck product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.