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Fee Reduction: On November 1, 2023, the management cost for the SPDR® S&P®/ASX Australian Government Bond Fund has been reduced to 0.10% p.a. from 0.20% p.a., making it amongst the most cost-effective ETF offering in its respective peer group.

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SPDR® S&P®/ASX Australian Government Bond Fund GOVT

NAV

NAV

Market value of an ETF's total assets, minus liabilities divided by the number of units outstanding.

AUD $23.87
as of 23 Feb 2024
Base Currency
AUD
1 Day Nav Change
- AUD $0.06 (-0.24%)
as of 23 Feb 2024
Assets Under Management
AUD $36.11 M
as of 23 Feb 2024
Management Costs
0.1% p.a.

Key Features

  • Core Index Exposure - A potential core Australian fixed income exposure for investors.
  • Diversification - A low-cost, diversified portfolio of Australian bonds that can possibly complement an equity portfolio.
  • Access High-Quality - 68% of the fund's holdings are rated AAA.1
  • Income Generation - Potential to benefit from regular income stream in the form of coupon payments.

Fund Objective

The SPDR® S&P®/ASX Australian Government Bond Fund seeks to closely track, before fees and expenses, the returns of the S&P/ASX Government Bond Index.

About this Benchmark

The S&P/ASX Government Bond Index includes commonwealth government and state government bonds. It is a market value-weighted Australian dollar denominated fixed rate index with maturities greater than 1 year. The issuer must be either the Australian Commonwealth Government or Australian State Government, Territories, and Semi-Government issuers.

Fund Information as of 25 Feb 2024

Ticker Symbol GOVT
Benchmark S&P/ASX Government Bond Index
ASX iNav Code -
Inception Date 26 Jul 2012
Management Costs 0.1% p.a.
Base Currency AUD
Countries of Registration Australia
Domicile Australia
Regulatory Structure Registered Managed Investment Scheme
Replication Method Stratified Sampling
Investment Manager State Street Global Advisors, Australia, Limited ABN 42 003 914 225
Responsible Entity State Street Global Advisors, Australia Services Limited ABN 16 108 671 441
Distribution Frequency Quarterly

Listing Information as of 25 Feb 2024

Primary Exchange ASX Quotation Date Trading Currency ASX Stock Code Bloomberg Ticker ISIN
Australian Securities Exchange 27 Jul 2012 AUD GOVT GOVT AU AU00000GOVT2

Fund Characteristics as of 22 Feb 2024

Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds in a portfolio, where maturity is defined as Stated Final for bullet maturity bond and the average time to receipt of all principal payments for amortising instruments, including mortgage pass-throughs, CMOs, amortising asset-backed securities and ARMs.

7.58
Convexity

Convexity

A curvature measure of the sensitivity of a bond's duration to changes in interest rates.

0.63%
Current Yield

Average Current Yield

The market value weighted average current coupon of the bonds in the portfolio divided by current market price of the bonds in the portfolio.

2.96%
Modified Adjusted Duration

Modified Adjusted Duration

An option-adjusted measure of a portfolio's sensitivity to changes in interest rates. Calculated as the percentage change of a portfolio's value for a 100 basis point change in yield.

6.35 years
Number of Holdings 109
Yield to Maturity

Average Yield To Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

4.22%

Index Characteristics as of 22 Feb 2024

Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds in a portfolio, where maturity is defined as Stated Final for bullet maturity bond and the average time to receipt of all principal payments for amortising instruments, including mortgage pass-throughs, CMOs, amortising asset-backed securities and ARMs.

7.57
Convexity

Convexity

A curvature measure of the sensitivity of a bond's duration to changes in interest rates.

0.63%
Current Yield

Average Current Yield

The market value weighted average current coupon of the bonds in the portfolio divided by current market price of the bonds in the portfolio.

2.96%
Modified Adjusted Duration

Modified Adjusted Duration

An option-adjusted measure of a portfolio's sensitivity to changes in interest rates. Calculated as the percentage change of a portfolio's value for a 100 basis point change in yield.

6.35 years
Number of Holdings 142
Yield to Maturity

Average Yield To Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

4.21%

Fund Net Asset Value as of 23 Feb 2024

NAV

NAV

Market value of an ETF's total assets, minus liabilities divided by the number of units outstanding.

AUD $23.87
Assets Under Management AUD $36.11 M
Units on Issue 1,512,717

Fund Performance

  • Fund Inception Date: 26 Jul 2012

as of 31 Jan 2024

As Of 1 Month 3 Month YTD 1 Year 3 Year (p.a.) 5 Year (p.a.) Since Inception (p.a.)
26 Jul 2012
Fund Distribution Return 31 Jan 2024 0.00% 0.17% 0.00% 1.13% 1.37% 1.69% 2.40%
Fund Growth Return 31 Jan 2024 0.12% 7.07% 0.12% 0.68% -5.04% -1.81% -0.32%
Fund Total Return 31 Jan 2024 0.12% 7.23% 0.12% 1.81% -3.66% -0.12% 2.08%
Benchmark
S&P/ASX Government Bond Index
31 Jan 2024 0.13% 7.26% 0.13% 2.01% -3.45% 0.11% 2.32%

Past Performance is not a reliable indicator of future performance. Performance returns for periods of less than one year are not annualised and have been calculated based on changes in the net asset value of the Fund rather than the last quoted price. The Total Return is the sum of the Growth (or Price) Return and Distribution Return and is shown net of management fees and costs but does not reflect the brokerage fees or the bid/ask spread that investors pay to buy and sell ETF securities on the Australian Securities Exchange. Distributions are assumed to be reinvested under the Dividend Reinvestment Program (DRP). Investment returns and principal value will fluctuate, so you may have a gain or loss when units are sold. Current performance may be higher or lower than that quoted. The index returns are unmanaged and do not reflect the deduction of any fees or expenses. The index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.

All SPDR ETFs, aside from the SPDR® S&P 500® ETF Trust and the SPDR® S&P®/ASX 200 Listed Property Fund are managed on an accumulation basis, with income reinvested into investable securities. This means that subsequent application and redemption activity could distort the nature and size of distributions. The proportion of total return attributable to income versus capital growth may differ from the relevant index.

Fund History as of 31 Jan 2024

Growth of $10,000: SPDR® S&P®/ASX Australian Government Bond Fund

Fund Inception Date: 26 Jul 2012

Currency: AUD

The Growth of $10,000 chart reflects the performance of a hypothetical investment in the Fund since inception. The performance of the hypothetical investment is based on the actual past performance of the Fund over the time period shown.  Past Performance is not a reliable indicator of future results. Performance returns have been calculated based on changes in the net asset value of the Fund rather than the last quoted price. Return is shown net of management fees and costs but does not reflect the brokerage fees or the bid/ask spread that investors pay to buy and sell ETF securities on the Australian Securities Exchange. Distributions are assumed to be reinvested under the Dividend Reinvestment Program (DRP). Investment returns and principal value will fluctuate, so you may have a gain or loss when units are sold. Current performance may be higher or lower than that quoted.

Top Holdings

Subject to change.

as of 22 Feb 2024
as of 22 Feb 2024

Fund Top 10 Holdings as of 22 Feb 2024

Name Weight
AUSTRALIAN GOVERNMENT 4.5 04/21/2033 2.85%
AUSTRALIAN GOVERNMENT 1 11/21/2031 2.76%
AUSTRALIAN GOVERNMENT 1.25 05/21/2032 2.72%
AUSTRALIAN GOVERNMENT 0.5 09/21/2026 2.60%
AUSTRALIAN GOVERNMENT 4.75 04/21/2027 2.51%
AUSTRALIAN GOVERNMENT 1.75 11/21/2032 2.47%
AUSTRALIAN GOVERNMENT 2.5 05/21/2030 2.43%
AUSTRALIAN GOVERNMENT 3.25 04/21/2029 2.34%
AUSTRALIAN GOVERNMENT 1.5 06/21/2031 2.34%
AUSTRALIAN GOVERNMENT 4.25 04/21/2026 2.31%
Download All Holdings: Daily

Index Top 10 Holdings as of 22 Feb 2024

Name Weight
AUSTRALIAN GOVERNMENT 4.5 04/21/2033 2.86%
AUSTRALIAN GOVERNMENT 1 11/21/2031 2.78%
AUSTRALIAN GOVERNMENT 1.25 05/21/2032 2.69%
AUSTRALIAN GOVERNMENT .5 09/21/2026 2.66%
AUSTRALIAN GOVERNMENT 4.75 04/21/2027 2.58%
AUSTRALIAN GOVERNMENT 1.75 11/21/2032 2.49%
AUSTRALIAN GOVERNMENT 2.5 05/21/2030 2.43%
AUSTRALIAN GOVERNMENT 3.25 04/21/2025 2.38%
AUSTRALIAN GOVERNMENT 1.5 06/21/2031 2.30%
AUSTRALIAN GOVERNMENT 3.25 04/21/2029 2.30%

Sector Allocation

as of 22 Feb 2024
as of 22 Feb 2024

Fund Sector Breakdown as of 22 Feb 2024

Sector Weights
Commonwealth Government 53.90%
Semi Government 45.53%
Other 0.34%
Government Related 0.23%

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Index Sector Breakdown as of 22 Feb 2024

Sector Weights
Commonwealth Government 54.06%
Semi Government 45.69%
Government Related 0.25%

Quality Breakdown

Quality Breakdown

Bloomberg uses the middle rating of Moody’s, S&P and Fitch to determine a security’s credit classification. If only two agencies rate a security, the more conservative (lower) rating is used. If only one rates a security, that single rating is used. Bloomberg breakdowns are grouped into larger categories.  For example, AAA+ and AAA are listed as Aaa; AA1, AA2, and AA3 are listed as Aa, etc.

as of 22 Feb 2024
as of 22 Feb 2024

Fund Quality Breakdown as of 22 Feb 2024

Name Weight
AAA 71.60%
AA1 13.49%
AA2 14.10%
AA3 0.80%

Index Quality Breakdown as of 22 Feb 2024

Name Weight
AAA 70.91%
AA1 13.68%
AA2 14.59%
AA3 0.82%

Maturity Ladder

as of 22 Feb 2024
as of 22 Feb 2024

Fund Maturity Ladder as of 22 Feb 2024

Name Weight
0 - 1 Year 0.34%
1 - 2 Years 7.14%
2 - 3 Years 9.05%
3 - 5 Years 16.89%
5 - 7 Years 16.86%
7 - 10 Years 27.44%
10 - 15 Years 15.35%
15 - 20 Years 3.23%
20 - 30 Years 2.69%
> 30 Years 1.01%

Index Maturity Ladder as of 22 Feb 2024

Name Weight
1 - 2 Years 7.72%
2 - 3 Years 9.05%
3 - 5 Years 16.61%
5 - 7 Years 17.01%
7 - 10 Years 27.68%
10 - 15 Years 14.90%
15 - 20 Years 3.34%
20 - 30 Years 2.76%
> 30 Years 0.93%

Distribution History as of 29 Dec 2023

Ex- Date Record Date Payment Date Dollars Per Unit Distribution

The amount distributed per unit.

Franking Credits

Franking credits per unit.

Foreign Tax Credits

Foreign tax credits per unit.

DRP Price

DRP stands for “Distribution Reinvestment Plan”. This is the price applied when calculating the number of units to be issued to an investor who has elected or defaulted to re-invest their distribution back into the fund as additional units and is the net asset value per unit calculated as at the next business day after the distribution record date.

28-Dec-23 29-Dec-23 11-Jan-24 0.037034 0.000000 0.000000 24.0211
28-Sep-23 29-Sep-23 13-Oct-23 0.060409 0.000000 0.000000 23.1042
29-Jun-23 30-Jun-23 12-Jul-23 0.091185 0.000000 0.000000 23.4822
30-Mar-23 31-Mar-23 14-Apr-23 0.075229 0.000000 0.000000 24.3353
29-Dec-22 30-Dec-22 12-Jan-23 0.035162 0.000000 0.000000 23.2438
29-Sep-22 30-Sep-22 14-Oct-22 0.089027 0.000000 0.000000 23.1848
29-Jun-22 30-Jun-22 12-Jul-22 0.060379 0.000000 0.000000 23.6555
30-Mar-22 31-Mar-22 12-Apr-22 0.053546 0.000000 0.000000 24.7872
30-Dec-21 31-Dec-21 13-Jan-22 0.106131 0.000000 0.000000 26.6044
29-Sep-21 30-Sep-21 12-Oct-21 0.082051 0.000000 0.000000 27.216
29-Jun-21 30-Jun-21 12-Jul-21 0.145357 0.000000 0.000000 27.2473
30-Mar-21 31-Mar-21 14-Apr-21 0.258811 0.000000 0.000000 26.9207
30-Dec-20 31-Dec-20 13-Jan-21 0.198628 0.000000 0.000000 28.2844
29-Sep-20 30-Sep-20 12-Oct-20 0.134762 0.000000 0.000000 28.5056
29-Jun-20 30-Jun-20 10-Jul-20 0.182478 0.000000 0.000000 28.3702
30-Mar-20 31-Mar-20 14-Apr-20 0.107211 0.000000 0.000000 28.7349
30-Dec-19 31-Dec-19 13-Jan-20 0.135649 0.000000 0.000000 27.7195
27-Sep-19 30-Sep-19 11-Oct-19 0.117981 0.000000 0.000000 28.4001
27-Jun-19 28-Jun-19 11-Jul-19 0.136306 0.000000 0.000000 27.7367
28-Mar-19 29-Mar-19 12-Apr-19 0.175634 0.000000 0.000000 26.988
28-Dec-18 31-Dec-18 11-Jan-19 0.129343 0.000000 0.000000 26.2648
27-Sep-18 28-Sep-18 11-Oct-18 0.136218 0.000000 0.000000 25.6842
28-Jun-18 29-Jun-18 11-Jul-18 0.127920 0.000000 0.000000 25.7751
28-Mar-18 29-Mar-18 12-Apr-18 0.133829 0.000000 0.000000 25.6323
28-Dec-17 29-Dec-17 11-Jan-18 0.147965 0.000000 0.000000 25.5265
28-Sep-17 29-Sep-17 11-Oct-17 0.141134 0.000000 0.000000 25.3362
29-Jun-17 30-Jun-17 11-Jul-17 0.144835 0.000000 0.000000 25.5589
30-Mar-17 31-Mar-17 11-Apr-17 0.169464 0.000000 0.000000 25.4906
29-Dec-16 30-Dec-16 11-Jan-17 0.186047 0.000000 0.000000 25.3683
29-Sep-16 30-Sep-16 11-Oct-16 0.206023 0.000000 0.000000 26.3455
29-Jun-16 30-Jun-16 11-Jul-16 0.223289 0.000000 0.000000 26.5329
30-Mar-16 31-Mar-16 11-Apr-16 0.185833 0.000000 0.000000 25.8367
29-Dec-15 31-Dec-15 11-Jan-16 0.259862 0.000000 0.000000 25.5844
28-Sep-15 30-Sep-15 09-Oct-15 0.223109 0.000000 0.000000 25.8387
26-Jun-15 30-Jun-15 09-Jul-15 0.301854 0.000000 0.000000 25.4617
27-Mar-15 31-Mar-15 10-Apr-15 0.346623 0.000000 0.000000 26.4072
29-Dec-14 31-Dec-14 09-Jan-15 0.233863 0.000000 0.000000 25.9406
26-Sep-14 30-Sep-14 09-Oct-14 0.199978 0.000000 0.000000 25.0833
26-Jun-14 30-Jun-14 09-Jul-14 0.183728 0.000000 0.000000 25.0114
25-Mar-14 31-Mar-14 08-Apr-14 0.145335 0.000000 0.000000 24.3552

The tables above show historical distributions from the funds. Historical distributions are no indication of future distributable income.

The distribution components are as calculated and reported to the Australian Securities Exchange ("ASX") at the time of each distribution. The year end components reported to investors in their annual tax statements, once all year end information is finalised, may be different.

The ability of the Funds to pay distributions depends on, among other things, the dividends and distributions declared and paid by the companies whose securities are held by the Funds. There can be no assurance that such securities will pay dividends or other earnings. For further information on distributions, including tax implications, please refer to the relevant fund PDS. However, the information contained therein is not tax advice and investors should obtain their own professional tax and or financial advice.

Purchase Information

SPDR ETFs are flexible and easy to trade. Investors buy and sell them like shares, typically through a stock broker. Investors can also employ traditional share trading techniques, including stop orders, limit orders and margin purchases (if available).

To purchase a SPDR fund, please consult your stock broker or financial adviser.

1State Street Global Advisors, as at 30 June 2023.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates rise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.