VanEck 5-10 Year Australian Government Bond ETF (5GOV) Review & Analysis

MER · Top 25%AUM · #335 of 5081Y Return · #335 of 4263Y Return · #272 of 300

What's new this monthData to 30 September 2026

−1.3% in September (total return), behind the median Australian bonds ETF at −0.4%.
Investors withdrew a net $5.1m (-8.6% of the fund).
The unit price closed the month at $50.74, 6% below its 12-month high (range $50.34 to $53.94).

About 5GOV

5GOV is an Australian bonds ETF from VanEck, listed on the ASX since September 2023. With $54m under management it is number 42 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 52% of the fund. By sector it leans towards bonds & cash (100%).

Over the past year it returned −1.8%, 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.

5GOV distributions and dividend dates

5GOV pays distributions monthly, with payment about 15 days after the ex-date. (Pattern estimated from recent payments.)

The latest distribution was $0.135 per unit (0% franked), ex-distribution on 2 November 2026 and paid on 17 November 2026. To receive it you need to own 5GOV before the ex-date.

Its distribution yield over the past 12 months is about 2.8%. 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 5GOV Check overlap VanEck website ↗

Compare 5GOV with

5GOVvsXGOV

VanEck 10+ Year Australian Government Bond ETF

Fee	0.22%	0.22%
1 year	−1.8%	−2.5%
5 yrs p.a.	–	–
Size	$54m	$477m

Same holdingsNo holdings data

Full comparison →

5GOVvsALTB

iShares 15+ Year Australian Government Bond ETF

Fee	0.22%	0.15%
1 year	−1.8%	−5.9%
5 yrs p.a.	–	–
Size	$54m	$315m

Same holdingsNo holdings data

Full comparison →

5GOVvs1GOV

VanEck 1-5 Year Australian Government Bond ETF

Fee	0.22%	0.22%
1 year	−1.8%	+0.6%
5 yrs p.a.	–	–
Size	$54m	$17m

Same holdingsNo holdings data

Full comparison →

5GOVvsVGB

Vanguard Australian Government Bond Index ETF

Fee	0.22%	0.16%
1 year	−1.8%	−0.7%
5 yrs p.a.	–	−0.5%
Size	$54m	$1.4bn

Same holdingsNo holdings data

Full comparison →

5GOV price by TradingView

Stock Code	5GOV
Fund Manager	VanEck
Asset Class	Australian bonds
AUM	$54m
MER (%)	0.22%
Net flows (Sep)	−$5.1m
Last Price	$50.74
52-Week Range	$50.34 – $53.94
Bid/Ask Spread	0.06%
Listing Date	28/09/2023
Exchange	ASX
Index tracked	S&P/ASX iBoxx Australian & State Governments 5-10 Index
Issuer website	VanEck ↗

Performance (% return)

1 month−1.3%

1 year−1.8%

3 years p.a.+3.3%

5 years p.a.–

$10,000 invested…

1 year ago$9,8223 years ago$11,019

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.

5GOV at a glance: strengths and things to watch

👍 Strengths

Cheap to trade. A bid/ask spread of 0.06%, so buying and selling costs little extra.

⚠️ Things to watch

Money is flowing out. Investors withdrew a net $5.1m in September (9% of the fund).
Concentrated. The top 10 holdings make up 52% of the fund, so a few companies drive the result.

Worked out from 5GOV's fees, size, flows, returns and trend against the 59 Australian bonds ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 16 Oct 2026

5GOV is in a base. Here's why that matters.

5GOV'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.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

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.

Investment Focus

Themes & Sectors

Bonds & fixed income

Portfolio Breakdown

Top 10 holdings (52.4% of the fund)

Symbol	Company	% assets
		7.03%
		6.49%
		5.90%
		5.80%
		5.33%
		5.02%
		4.52%
		4.41%
		3.99%
		3.92%

Sector breakdown

Bonds & cash100.0%

Holdings from the issuer's published portfolio. Compare 5GOV's holdings with other ETFs →

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

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
XGOV	VanEck 10+ Year Australian Government Bond ETF	–	0.22%	$477m	−2.5%	+2.7%	–
ALTB	iShares 15+ Year Australian Government Bond ETF	–	0.15%	$315m	−5.9%	–	–
1GOV	VanEck 1-5 Year Australian Government Bond ETF	–	0.22%	$17m	+0.6%	+3.2%	–
VGB	Vanguard Australian Government Bond Index ETF	–	0.16%	$1.4bn	−0.7%	+3.2%	−0.5%
AGVT	Betashares Australian Government Bond ETF	–	0.22%	$1.1bn	−1.8%	+3.3%	−1.6%
RGB	Russell Investments Australian Government Bond ETF	–	0.24%	$285m	−2.5%	+2.7%	−1.7%

Same holdings is the share of 5GOV's money in companies the other ETF also holds, weighted by size. No other ETF shares much with 5GOV, so these are ETFs in the same category. See every ETF like 5GOV →

5GOV vs its closest alternatives

What actually differs between 5GOV 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: 5GOV +3.3%, XGOV +2.7% (5GOV ahead by 0.6 percentage points).
XGOV is about 9 times larger ($477m vs $54m), which usually means tighter trading spreads.

Compare 5GOV and XGOV side by side →

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: 5GOV −1.8%, ALTB −5.9% (5GOV ahead by 4.2 percentage points).
ALTB is about 6 times larger ($315m vs $54m), which usually means tighter trading spreads.

Compare 5GOV and ALTB side by side →

1GOV VanEck 1-5 Year Australian Government Bond ETF

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

Compare 5GOV and 1GOV side by side →

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

5GOV FAQs

What is the fee for 5GOV?

5GOV 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 5GOV?

5GOV had $54m in funds under management as at 30 September 2026.

How has 5GOV performed?

5GOV returned −1.8% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +3.3% a year. Past performance is not a reliable indicator of future performance.

Who manages 5GOV?

5GOV 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.