SPDR GOVT ETF (ASX:GOVT)

SPDR S&P / ASX Australian Government Bond Fund

About the GOVT ETF

SPDR S&P/ASX GOVT ETF provides investors with exposure to a portfolio of Australian government bonds. The GOVT ETF aims to track the performance of the S&P/ASX Government Bond Index, before fees and expenses. The GOVT ETF was created in 2012, takes interest rate risk and distributes income quarterly.

GOVT ETF Performance Review

5.04

-3.89

2.09

2.92

4.05

Data Current To: 31/12/2023

Our review of GOVT ETF

Low risk portfolio that invests in Australian Commonwealth government and semi government bonds issued by the states and territories of Australia

More than 70% of the fund is invested in AAA rated securities

The ETF invests in a high percentage of fixed rate bonds and is exposed to interest rate risk

What we like about the GOVT ETF

Good diversification for a high quality portfolio

Low management fee of 0.1% as at 31 December 2023

Things to be aware of about the GOVT ETF

Significant negative returns of -12.35% in 2022 illustrate the significant interest rate risk of the fixed rate portfolio

GOVT ETF Investment Strategy

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. The issuer must be either the Australian Commonwealth Government or Australian State Government, Territories, and Semi-Government issuers.

What does the GOVT ETF Invest In?

GOVT is a Government Bond ETF.

The BOND ETF requires the bond issuer to be either the Australian Commonwealth Government or an Australian State or Territory.

GOVT ETF Credit Quality

A detailed breakdown of the credit quality is expressed below.

GOVT Frequently Asked Questions

What index does the GOVT ETF aim to replicate?

The GOVT ETF aims to replicate the Bloomberg AusBond Govt 0+ Yr Index.

How often does GOVT ETF pay distributions?

The distribution frequency of GOVT is Quarterly.

When did the GOVT ETF start?

The inception date of the GOVT ETF was 26/07/2012.

What are the net assets of the GOVT ETF?

GOVT has net assets of $36.3m (AUD) as of 31/12/2023.

What are the number of holdings in the GOVT ETF?

Total number of holdings in GOVT is 107 as of 31/12/2023.

What are the management fees for the GOVT ETF?

The annual management fees for the GOVT ETF are 0.22% p.a. Learn more about ETF fees in this article.

How can I invest in the GOVT ETF?

GOVT is an Exchange Traded Fund, and units may be bought or sold on the ASX like shares. Learn how to buy and sell ETFs in this article.

Does the GOVT ETF have a minimum investment amount?

No, there is no minimum to invest in the State Street SPDR GOVT ETF. Exchange Traded Funds in general do not have a minimum investment amount required by the issuer. However, if you choose to invest through a broker, they may choose to set their own minimum investment amount.

Are there any performance fees associated with the GOVT ETF?

No, GOVT has no performance fee. This is one of the advantages of Exchange Traded Funds, as they are traded like shares, you’ll generally only pay a commission to buy or sell units and an ongoing management fee.