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ETFs

ETC Gavekal Asia Pacific Government Bond ETF

AGOV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 21 2021
Expense Ratio
0.50%
Type
Global Ex. US Bonds
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$109,286
AUM
$36,132,600
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
INDONESIA GOVERNMENT
14.21%
n/a
INDIA GOVERNMENT BOND
12.81%
n/a
CHINA GOVERNMENT BOND
12.77%
n/a
MALAYSIA GOVERNMENT
9.15%
n/a
SINGAPORE GOVERNMENT
4.56%
n/a
HONG KONG GOVERNMENT
4.56%
n/a
AUSTRALIAN GOVERNMENT
4.44%
n/a
PHILIPPINE GOVERNMENT
4.35%
n/a
NEW ZEALAND GOVERNMENT
4.27%
n/a
THAILAND GOVERNMENT BOND
4.26%
Invest with AGOV

What is AGOV?

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing in local currency bonds issued by national governments (i.e., sovereign bonds) and instrumentalities or political sub-divisions (i.e., quasi-sovereign bonds) in the Asia-Pacific region ( Asia-Pacific government bonds ). Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in Asia-Pacific government bonds. The Fund also may invest in bonds issued by supranational entities such as the World Bank, Asia Development Bank, and Asian Infrastructure Bank (i.e., supranational bonds). The Fund may invest without limit in securities of issuers in emerging markets, including frontier markets. The Asia-Pacific government bonds in which the Fund expects to invest are those from China, India, Indonesia, Singapore, South Korea, Russia, Japan, Malaysia, Taiwan, Thailand, Hong Kong, the Philippines, Pakistan, Vietnam, Sri Lanka, Kazakhstan, Australia, and New Zealand. Gavekal Capital Limited, the Fund s sub-adviser (the Sub-Adviser ), currently expects to allocate at least 3% of the Fund s total assets to Asia-Pacific government bonds of each country. The list of countries in which the Fund may invest may change from time to time to include other countries in the Asia-Pacific region.

ETFs related toAGOV

ETFs correlated to AGOV include USIG, QLTA, LQD

AGOV
Exchange Listed Funds Trust - ETC Gavekal Asia Pacific Government Bond ETF
USIG
BlackRock Institutional Trust Company N.A. - iShares Broad USD Investment Grade Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
IBDX
iShares Trust - iShares iBonds Dec 2032 Term Corporate ETF
BSCW
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2032 Corporate Bond ETF
CORP
Pimco Exchange Traded Fund - PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
PCY
Invesco Capital Management LLC - Invesco Emerging Markets Sovereign Debt ETF
VCLT
Vanguard Group, Inc. - Vanguard Long-Term Corporate Bond ETF
IGLB
BlackRock Institutional Trust Company N.A. - iShares 10 Year Investment Grade Corporate Bond ETF
EPI
WisdomTree Trust - WisdomTree India Earnings Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
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Risk Rating

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Category

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Risk Rating

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Create your own algorithmic trading strategy with AGOV using Composer

FAQ

AGOV is a Global Ex. US Bonds ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing in local currency bonds issued by national governments (i.e., sovereign bonds) and instrumentalities or political sub-divisions (i.e., quasi-sovereign bonds) in the Asia-Pacific region ( Asia-Pacific government bonds ). Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in Asia-Pacific government bonds. The Fund also may invest in bonds issued by supranational entities such as the World Bank, Asia Development Bank, and Asian Infrastructure Bank (i.e., supranational bonds). The Fund may invest without limit in securities of issuers in emerging markets, including frontier markets. The Asia-Pacific government bonds in which the Fund expects to invest are those from China, India, Indonesia, Singapore, South Korea, Russia, Japan, Malaysia, Taiwan, Thailand, Hong Kong, the Philippines, Pakistan, Vietnam, Sri Lanka, Kazakhstan, Australia, and New Zealand. Gavekal Capital Limited, the Fund s sub-adviser (the Sub-Adviser ), currently expects to allocate at least 3% of the Fund s total assets to Asia-Pacific government bonds of each country. The list of countries in which the Fund may invest may change from time to time to include other countries in the Asia-Pacific region.

Yes, AGOV is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AGOV is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AGOV is -0.0306%. This is the percent change in the value of AGOV over the most recent 1-month period. The 3-month return on AGOV is -0.038%. This is the percent change in the value of AGOV over the most recent 3-month period.

The standard deviation of AGOV for the past year is 0.2026%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AGOV include SHY, TLT, and IEI.

ETFs correlated to AGOV include USIG, QLTA, and LQD.

ETFs that are inversely correlated to AGOV include TSLR, CONY, and SJB.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.