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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)
$58,370
AUM
$39,479,300
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
INDONESIA GOVERNMENT
13.40%
n/a
CHINA GOVERNMENT BOND
11.96%
n/a
MALAYSIA GOVERNMENT
9.24%
n/a
INDIA GOVERNMENT BOND
7.30%
n/a
AUSTRALIAN GOVERNMENT
5.03%
n/a
THAILAND GOVERNMENT BOND
4.82%
n/a
NEW ZEALAND GOVERNMENT
4.80%
n/a
RUSSIA GOVT BOND - OFZ
4.76%
n/a
SINGAPORE GOVERNMENT
4.75%
n/a
HONG KONG GOVERNMENT
4.67%
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 CGMS, LEMB, CEMB

AGOV
Exchange Listed Funds Trust - ETC Gavekal Asia Pacific Government Bond ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
LEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Local Currency Bond ETF
CEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Corporate Bond ETF
EBND
SPDR Series Trust - SPDR Bloomberg Emerging Markets Local Bond ETF
EMLC
VanEck ETF Trust - VanEck J.P. Morgan EM Local Currency Bond ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF
EMHC
SPDR Series Trust - SPDR Bloomberg Emerging Markets USD Bond ETF
XSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - September
STRV
EA Series Trust - Strive 500 ETF
FEMB
First Trust Exchange-Traded Fund III - First Trust Emerging Markets Local Currency Bond ETF

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

Aggressive

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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.

The top holdings for AGOV include INDONESIA GOVERNMENT, CHINA GOVERNMENT BOND, and MALAYSIA GOVERNMENT.

AGOV has 20 total holdings.

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 -0.0133%. This is the percent change in the value of AGOV over the most recent 1-month period. The 3-month return on AGOV is -0.0004%. 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 0.1661%. 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 SHV, EMB, and IEI.

ETFs correlated to AGOV include CGMS, LEMB, and CEMB.

ETFs that are inversely correlated to AGOV include EFZ, EPV, and FMF.

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.