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VGB

Fixed Income

Vanguard Australian Government Bond Index ETF

About this ETF

Tracks the Bloomberg AusBond Govt 0+ Yr Index, investing solely in bonds issued by the Australian Commonwealth and state governments and treasury corporations.

IssuerVanguard
Management fee (MER)0.16% p.a.
Inception date24 Apr 2012
BenchmarkBloomberg AusBond Govt 0+ Yr Index

Scout Score

65/100
Ranked #14 of 58 in Fixed Income

An independent score calculated by ETF Scout across 7 real-data factors (cost, diversification, tracking, liquidity, fund strength, performance, income), ranked against other funds in the same category.

Cost81
Diversification24
Tracking83
Liquidity73
Fund Strength86
Performance32
Income33

Strengths

  • Large, established fund — $1.4B in assets, bigger than 86% of Fixed Income funds.
  • Tight index tracking — 0.23% tracking error, tighter than 83% of Fixed Income peers.
  • Low fee — 0.16% p.a., cheaper than 81% of Fixed Income funds.

Weaknesses

  • Concentrated holdings — top holdings make up 29.1% of the fund, more concentrated than 76% of Fixed Income peers.
  • Weak long-term return — +0.7% p.a. (blended), trails 68% of rated Fixed Income peers.
  • Below-average yield — 3.29%, lower than 67% of Fixed Income peers.

Performance (as of 30 Sep 2026)

Total returns, net of fees. Periods longer than 1 year are annualised.

1 Month-0.97%
3 Months-1.77%
YTD+0.42%
1 Year-0.94%
3 Years (p.a.)+3.16%
5 Years (p.a.)-0.53%

Price history

Cumulative return over the selected period, indexed to 0% at the start of the range.

-14%-11%-7%-3%+1%2021-092022-122024-032025-062026-09

Geographic exposure (as at 30 Sep 2026)

Country (where the company is based).

Australia flagAustralia
100.00%

Top holdings (as of 30 Sep 2026)

The fund's largest individual holdings, ranked by portfolio weight.

  1. 1.Australia Government Bond 2.75% due 21 Nov 20283.17%
  2. 2.Australia Government Bond 3.25% due 21 Apr 20293.10%
  3. 3.Australia Government Bond 2.75% due 21 Nov 20293.09%
  4. 4.Australia Government Bond 1.5% due 21 Jun 20312.99%
  5. 5.Australia Government Bond 2.5% due 21 May 20302.93%
  6. 6.Australia Government Bond 1% due 21 Dec 20302.86%
  7. 7.Australia Government Bond 1% due 21 Nov 20312.79%
  8. 8.Australia Government Bond 4.75% due 21 Apr 20272.79%
  9. 9.Australia Government Bond 2.75% due 21 Nov 20272.72%
  10. 10.Australia Government Bond 1.25% due 21 May 20322.64%
  11. 11.Australia Government Bond 2.25% due 21 May 20282.55%
  12. 12.Australia Government Bond 4.5% due 21 Apr 20332.06%
  13. 13.Australia Government Bond 1.75% due 21 Nov 20322.05%
  14. 14.Australia Government Bond 2.75% due 21 Jun 20351.89%
  15. 15.Australia Government Bond 4.25% due 21 Mar 20361.88%
  16. 16.Australia Government Bond 3% due 21 Nov 20331.84%
  17. 17.Australia Government Bond 3.5% due 21 Dec 20341.80%
  18. 18.Australia Government Bond 4.25% due 21 Dec 20351.76%
  19. 19.Australia Government Bond 3.75% due 21 May 20341.64%
  20. 20.Australia Government Bond 4.25% due 21 Oct 20361.59%