Betashares Australian Government Bond ETF (AGVT) Review & Analysis
- −1.3% in September (total return), behind the median Australian bonds ETF at −0.4%.
- Investors added a net $45m (4.3% of the fund). That ranked #45 of 508 ETFs for new money.
- The unit price closed the month at $39.88, near its 12-month low (range $39.55 to $43.10).
About AGVT
AGVT holds bonds issued by the Australian federal government and the state government borrowing authorities, focused on longer-dated bonds of roughly seven to twelve years to maturity. It is passively managed and pays income monthly.
Because AGVT concentrates on longer maturities, it is more sensitive to interest rates than a fund holding the whole spread of government bonds. When rates rise, the unit price can fall noticeably; when rates fall, it can rise by more. That sensitivity is also what can make it a good counterweight to shares in a recession, when rates are often cut. Default risk is very low given the issuers. Income comes from interest and is unfranked, and there is no currency risk.
AGVT is often used as a defensive building block by investors who want government bond exposure with a bit more interest rate sensitivity. Alternatives include VGB and XGOV, while ILB holds inflation-linked bonds; see VGB vs AGVT and AGVT vs XGOV.
AGVT distributions and dividend dates
AGVT pays distributions monthly, with payment about 15 days after the ex-date. (Pattern estimated from recent payments.)
The latest distribution was $0.175 per unit (0% franked), ex-distribution on 2 November 2026 and paid on 17 November 2026. To receive it you need to own AGVT before the ex-date.
Its distribution yield over the past 12 months is about 4.5%. 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 AGVT with
| Fee | 0.22% | 0.16% |
| 1 year | −1.8% | −0.7% |
| 5 yrs p.a. | −1.6% | −0.5% |
| Size | $1.1bn | $1.4bn |
| Fee | 0.22% | 0.18% |
| 1 year | −1.8% | −0.4% |
| 5 yrs p.a. | −1.6% | +0.3% |
| Size | $1.1bn | $1.6bn |
| Fee | 0.22% | 0.22% |
| 1 year | −1.8% | −2.5% |
| 5 yrs p.a. | −1.6% | – |
| Size | $1.1bn | $477m |
| Fee | 0.22% | 0.15% |
| 1 year | −1.8% | −5.9% |
| 5 yrs p.a. | −1.6% | – |
| Size | $1.1bn | $315m |
AGVT price by TradingView
| Stock Code | AGVT |
|---|---|
| Fund Manager | Betashares |
| Asset Class | Australian bonds |
| AUM | $1.1bn |
| MER (%) | 0.22% |
| Net flows (Sep) | +$45m |
| Last Price | $39.88 |
| 52-Week Range | $39.55 – $43.10 |
| Bid/Ask Spread | 0.05% |
| Listing Date | 09/07/2019 |
| Exchange | ASX |
| Index | Not yet in our data. See the PDS |
| Issuer website | Betashares ↗ |
Performance (% return)
$10,000 invested…
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.
etf