Australian Investment Grade Corporate Bond ETF

CRED

Earn attractive income from Australian corporate bonds

Invest with us

Overview

Fund Objective

CRED aims to track the performance of an index (before fees and expenses) that provides intelligent exposure to a portfolio of senior, fixed-rate, investment grade Australian corporate bonds.

Fund Strategy

The Fund’s strategy will preference securities offering superior expected excess returns over Australian government bonds. Up to 50 bonds are selected, with eligible bonds requiring amounts outstanding of >$250m and a term to maturity of between 5.25 to 10.25 years.

Benefits of CRED

  • Attractive income paid monthly

    Income is paid monthly at a rate expected to be higher than term deposits, government and composite bond exposures.

  • Diversification & defence

    Australian corporate bonds historically have tended to rise when Australian shares have fallen, providing potential diversification and defensive benefits for portfolios.

  • Invest in bonds intelligently

    CRED selects bonds based on expected returns rather than debt outstanding, seeking to avoid the shortcomings of traditional debt-weighted indices and provide higher returns.

There are risks associated with an investment in CRED, including interest rate risk, credit risk, market risk and index tracking risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.

How to Invest

  • You can buy or sell units just like you’d buy or sell any share on the ASX.
  • Fund requires no minimum investment.

Key facts

Pricing information

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)

* Data is delayed by at least 20 minutes.

NAV
NAV/Unit* $22.48

* As at 11 April 2024

Profile

Net assets* ($A) $702,662,503
Units outstanding* (#) 31,251,946
Management fee and cost** (p.a.) 0.25%
Distribution frequency Monthly
Distribution reinvestment plan (DRP) Full or partial participation available
Issuer Betashares Capital Ltd
Registry Link Market Services

* As at 11 April 2024

* As of close of previous day
**Certain additional costs apply. Please refer to PDS.

Trading information

ASX code CRED
Bloomberg code CRED AU
IRESS code CRED.AXW
Market makers Susquehanna Pacific

Index information

Index Solactive Australian Investment Grade Corporate Bond Select TR Index
Index provider Solactive AG
Index ticker N/A
Bloomberg index ticker SOLAUSIG Index

Portfolio characteristics

Running yield (% p.a.) 4.58
Yield to maturity (% p.a.) 5.80
Yield to worst (% p.a.) 5.80
Average maturity (yrs) 7.03
Modified duration (yrs) 5.76
Average credit rating BBB+
As at 12 April 2024

Holdings & allocation

Portfolio holdings

Name Weight (%)
DEUTSCHE BAHN FIN GMBH 6.016% NOV-33 2.4%
NESTLE CAPITAL CORP 5.25% APR-34 2.4%
AUSTRALIA PACIFIC AIRPOR 3.763% NOV-31 2.3%
WESTCONNEX FINANCE CO PT 3.15% MAR-31 2.2%
AUSNET SERVICES HOLDINGS 6.134% MAY-33 2.2%
NSW ELECTRICITY NETWORKS 2.543% SEP-30 2.2%
SCENTRE GROUP TRUST 1/2 6.5% MAY-31 2.2%
WOOLWORTHS GROUP LTD 2.75% NOV-31 2.2%
CONTACT ENERGY LTD 6.398% NOV-30 2.2%
VERIZON COMMUNICATIONS 2.65% MAY-30 2.2%

* As at 11 April 2024. Excludes cash

Sector allocation

Financial
38.9%
Communications
10.1%
Consumer, Non-cyclical
14.3%
Utilities
14.3%
Industrial
16.4%
Consumer, Cyclical
6.1%
Technology
0.0%

* As of 28 March 2024

Performance

Fund returns after fees (%)

  Fund Index
1 month 1.53% 1.54%
3 months 2.04% 2.04%
6 months 8.01% 7.93%
1 year 6.12% 6.02%
3 year p.a. -0.94% -0.84%
5 year p.a. 1.46% 1.78%
10 year p.a. - 4.55%
Since inception (p.a.) 2.62% 2.94%
Inception date 31-May-18 -

* As at 28 March 2024.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency Monthly
12 mth distribution yield* 4.6%

*As at 28 March 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.

You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
2-Apr-24 3-Apr-24 17-Apr-24 $0.085253 4.88%
1-Mar-24 4-Mar-24 18-Mar-24 $0.087494 4.96%
1-Feb-24 2-Feb-24 16-Feb-24 $0.098908 4.91%
2-Jan-24 3-Jan-24 17-Jan-24 $0.087266 5.07%
1-Dec-23 4-Dec-23 18-Dec-23 $0.086583 4.76%
1-Nov-23 2-Nov-23 16-Nov-23 $0.090932 4.71%
2-Oct-23 3-Oct-23 17-Oct-23 $0.080099 4.77%
1-Sep-23 4-Sep-23 18-Sep-23 $0.086652 4.78%
1-Aug-23 2-Aug-23 16-Aug-23 $0.086236 4.59%
3-Jul-23 4-Jul-23 18-Jul-23 $0.083085 4.66%
1-Jun-23 2-Jun-23 19-Jun-23 $0.093 4.51%
1-May-23 2-May-23 16-May-23 $0.0805 4.34%
3-Apr-23 4-Apr-23 20-Apr-23 $0.089085 4.07%
1-Mar-23 2-Mar-23 16-Mar-23 $0.078337 3.66%
1-Feb-23 2-Feb-23 16-Feb-23 $0.090734 3.46%
3-Jan-23 4-Jan-23 18-Jan-23 $0.082361 3.16%
1-Dec-22 2-Dec-22 16-Dec-22 $0.083264 3.12%
1-Nov-22 2-Nov-22 16-Nov-22 $0.083915 2.95%
3-Oct-22 4-Oct-22 18-Oct-22 $0.077529 2.73%
1-Sep-22 2-Sep-22 16-Sep-22 $0.087696 2.65%
1-Aug-22 2-Aug-22 16-Aug-22 $0.077802 2.62%
1-Jul-22 4-Jul-22 18-Jul-22 $0.053884 2.51%
1-Jun-22 2-Jun-22 17-Jun-22 $0.05927 3.31%
2-May-22 3-May-22 17-May-22 $0.054308 3.69%
1-Apr-22 4-Apr-22 20-Apr-22 $0.058959 4.13%
1-Mar-22 2-Mar-22 16-Mar-22 $0.0569 4.47%
1-Feb-22 2-Feb-22 16-Feb-22 $0.064337 4.54%
4-Jan-22 5-Jan-22 19-Jan-22 $0.065598 4.61%
1-Dec-21 2-Dec-21 16-Dec-21 $0.067959 4.64%
1-Nov-21 2-Nov-21 16-Nov-21 $0.063357 4.39%
1-Oct-21 4-Oct-21 18-Oct-21 $0.067299 4.30%
1-Sep-21 2-Sep-21 16-Sep-21 $0.07433 4.37%
2-Aug-21 3-Aug-21 17-Aug-21 $0.070219 4.36%
1-Jul-21 2-Jul-21 16-Jul-21 $0.300827 4.23%
1-Jun-21 2-Jun-21 17-Jun-21 $0.174773 3.32%
3-May-21 4-May-21 18-May-21 $0.151858 2.92%
1-Apr-21 6-Apr-21 20-Apr-21 $0.113526 3.32%
1-Mar-21 2-Mar-21 16-Mar-21 $0.084769 3.40%
1-Feb-21 2-Feb-21 16-Feb-21 $0.082095 3.56%
4-Jan-21 5-Jan-21 19-Jan-21 $0.084075 3.54%
1-Dec-20 2-Dec-20 16-Dec-20 $0.052363 4.61%
2-Nov-20 3-Nov-20 17-Nov-20 $0.053025 4.67%
1-Oct-20 2-Oct-20 16-Oct-20 $0.053443 4.63%
1-Sep-20 2-Sep-20 16-Sep-20 $0.052854 4.65%
3-Aug-20 4-Aug-20 18-Aug-20 $0.056586 4.70%
1-Jul-20 2-Jul-20 16-Jul-20 $0.25638 4.70%
1-Jun-20 2-Jun-20 17-Jun-20 $0.110041 4.23%
1-May-20 4-May-20 18-May-20 $0.115122 4.10%
1-Apr-20 2-Apr-20 20-Apr-20 $0.109656 4.06%
2-Mar-20 3-Mar-20 17-Mar-20 $0.144646 4.22%
3-Feb-20 4-Feb-20 18-Feb-20 $0.101308 3.99%
2-Jan-20 3-Jan-20 17-Jan-20 $0.105787 3.83%
2-Dec-19 3-Dec-19 17-Dec-19 $0.080006 3.88%
1-Nov-19 4-Nov-19 18-Nov-19 $0.064065 3.88%
1-Oct-19 2-Oct-19 16-Oct-19 $0.066707 4.03%
2-Sep-19 3-Sep-19 17-Sep-19 $0.054452 4.04%
1-Aug-19 2-Aug-19 16-Aug-19 $0.060508 4.16%
1-Jul-19 2-Jul-19 16-Jul-19 $0.125625 4.20%
3-Jun-19 4-Jun-19 19-Jun-19 $0.076638 3.98%
1-May-19 2-May-19 16-May-19 $0.077888 -
1-Apr-19 2-Apr-19 16-Apr-19 $0.078508 -
1-Mar-19 4-Mar-19 18-Mar-19 $0.073643 -
1-Feb-19 4-Feb-19 18-Feb-19 $0.076889 -
2-Jan-19 3-Jan-19 17-Jan-19 $0.081935 -
3-Dec-18 4-Dec-18 18-Dec-18 $0.077442 -
1-Nov-18 2-Nov-18 16-Nov-18 $0.080857 -
1-Oct-18 2-Oct-18 16-Oct-18 $0.071273 -
3-Sep-18 4-Sep-18 18-Sep-18 $0.078967 -
1-Aug-18 2-Aug-18 16-Aug-18 $0.082826 -
2-Jul-18 3-Jul-18 17-Jul-18 $0.072855 -

1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.

Announcements

ASX announcements: CRED

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