CRED ASX ETF | Investment Grade Bond ETF | BetaShares
  • Request info pack
  • Download factsheet
  • Request a call
  • Request Lonsec research
  • View all funds
  • Download Factsheet

Thank you for your request, an email will be sent to you shortly. If you don’t receive it within 30 minutes please contact info@betashares.com.au

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 35 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.

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 23 September 2020

Current Price
Last Trade* -
% Change (prev day) -
Bid (delayed) -
Offer (delayed) -
*Data is delayed by at least 20 minutes.
Download NAV history
NAV
NAV/Unit * $27.50
* As at 21 September 2020

Profile

Net Assets* ($A) $409,493,496
Units Outstanding* (#) 14,889,284
Mgmt Costs** (% p.a.) 0.25%
Distribution Frequency Monthly
Distribution Reinvestment Plan (DRP) Full or partial participation available
Issuer BetaShares Capital Ltd
Fund Administrator RBC Investor Services
Custodian RBC Investor Services
Registry Link Market Services
Auditor KPMG
* As at 21 September 2020
* 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
Trading Hours 10.00-16.00 (AEST)
Market Makers Deutsche Securities
SMSF Eligible Yes

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
Index Methodology

Portfolio Characteristics

Running Yield (% p.a.)
Average coupon (weighted by market value) of the bonds in the portfolio, divided by the current market price of the bonds. Provides an indication of expected current income from making an investment at market price. This value will vary over time as interest rates change.
3.31 % p.a.
Yield to Maturity (% p.a.)
Total expected return from the bond portfolio, based on current bond prices and assuming no change in prevailing interest rates. This value will vary over time. Reflects annualised costs and benefits associated with FX-hedging, where relevant.
2.30 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
7.52 yrs
Modified Duration (yrs)
A measure of the sensitivity of the portfolio’s value to a change in interest rates. For example, a Modified Duration of 0.15 years implies that a 1% rise in the reference interest rate will reduce the value of the portfolio by 0.15%.
6.48 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
A-
As at 22 September 2020

Portfolio Holdings

Name Weight (%)
LLOYDS BANKING GROUP PLC 4.25% NOV-27 4.4
WOOLWORTHS GROUP LTD 2.8% MAY-30 4.3
EMIRATES NBD BANK PJSC 4.75% FEB-28 4.1
AUSNET SERVICES HOLDINGS PTY LTD 4.2% AUG-28 4.1
VERIZON COMMUNICATIONS INC 4.5% AUG-27 4.1
UNIVERSITY OF TECHNOLOGY SYDNEY 3.75% JUL-27 4.0
BARCLAYS PLC 4.0% JUN-29 3.9
MCDONALD'S CORP 3.8% MAR-29 3.8
BPCE SA 4.5% APR-28 3.7
METROPOLITAN LIFE GLOBAL FUNDING I 4.0% JUL-27 3.7
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
LLOYDS 4.25 11/22/27 Corp LLOYDS BANKING GROUP PLC 4.25% NOV-27 4.4 Bonds AUD 16,120,000 $18,062,460 $18,062,460 2027-11-22 4.25 2.4073 6.1557
WOWAU 2.8 05/20/30 Corp WOOLWORTHS GROUP LTD 2.8% MAY-30 4.3 Bonds AUD 16,500,000 $17,506,995 $17,506,995 2030-05-20 2.8 2.0983 8.4024
EBIUH 4.75 02/09/28 Corp EMIRATES NBD BANK PJSC 4.75% FEB-28 4.1 Bonds AUD 15,000,000 $16,663,650 $16,663,650 2028-02-09 4.75 3.0582 6.2446
ANVAU 4.2 08/21/28 Corp AUSNET SERVICES HOLDINGS PTY LTD 4.2% AUG-28 4.1 Bonds AUD 14,010,000 $16,603,952 $16,603,952 2028-08-21 4.2 1.6887 6.8375
VZ 4.5 08/17/27 Corp VERIZON COMMUNICATIONS INC 4.5% AUG-27 4.1 Bonds AUD 13,920,000 $16,570,229 $16,570,229 2027-08-17 4.5 1.5757 6.0240
UTSYDN 3.75 07/20/27 Corp UNIVERSITY OF TECHNOLOGY SYDNEY 3.75% JUL-27 4.0 Bonds Australia AUD 14,150,000 $16,156,329 $16,156,329 2027-07-20 3.75 1.5508 6.0568
BACR 4 06/26/29 Corp BARCLAYS PLC 4.0% JUN-29 3.9 Bonds AUD 14,500,000 $15,672,035 $15,672,035 2029-06-26 4.0 2.9453 7.3555
MCD 3.8 03/08/29 Corp MCDONALD'S CORP 3.8% MAR-29 3.8 Bonds AUD 13,290,000 $15,282,038 $15,282,038 2029-03-08 3.8 1.8748 7.1390
BPCEGP 4.5 04/26/28 Corp BPCE SA 4.5% APR-28 3.7 Bonds AUD 13,280,000 $15,077,315 $15,077,315 2028-04-26 4.5 2.5281 6.4044
MET 4 07/13/27 Corp METROPOLITAN LIFE GLOBAL FUNDING I 4.0% JUL-27 3.7 Bonds AUD 13,317,000 $15,074,444 $15,074,444 2027-07-13 4.0 1.9207 5.9799
MQGAU 4.15 12/15/27 Corp MACQUARIE GROUP LTD 4.15% DEC-27 3.6 Bonds AUD 13,070,000 $14,674,735 $14,674,735 2027-12-15 4.15 2.2953 6.2423
VOD 4.2 12/13/27 Corp VODAFONE GROUP PLC 4.2% DEC-27 3.6 Bonds AUD 12,710,000 $14,499,822 $14,499,822 2027-12-13 4.2 2.0880 6.2426
IPLAU 4.3 03/18/26 Corp INCITEC PIVOT LTD 4.3% MAR-26 3.4 Bonds AUD 13,010,000 $13,963,113 $13,963,113 2026-03-18 4.3 2.8473 4.6942
QNBK 4.9 02/01/28 Corp QNB FINANCE LTD 4.9% FEB-28 3.4 Bonds AUD 12,380,000 $13,919,329 $13,919,329 2028-02-01 4.9 3.0023 6.2043
FCGNZ 4 11/02/27 Corp FONTERRA CO-OPERATIVE GROUP LTD 4.0% NOV-27 3.2 Bonds AUD 11,200,000 $13,059,424 $13,059,424 2027-11-02 4.0 1.5257 6.2001
CGJAU 2.65 11/06/29 Corp COLES GROUP TREASURY PTY LTD 2.65% NOV-29 3.2 Bonds AUD 12,070,000 $12,826,306 $12,826,306 2029-11-06 2.65 1.8982 7.8486
QANAU 5.25 09/09/30 Corp QANTAS AIRWAYS LTD 5.25% SEP-30 3.0 Bonds Industrials Australia AUD 12,000,000 $12,254,400 $12,254,400 2030-09-09 5.25 4.9770 7.5484
ORGAU 2.65 11/11/27 Corp ORIGIN ENERGY FINANCE LTD 2.65% NOV-27 2.6 Bonds AUD 10,480,000 $10,724,394 $10,724,394 2027-11-11 2.65 2.2933 6.2116
ANVAU 2.6 07/31/29 Corp AUSNET SERVICES HOLDINGS PTY LTD 2.6% JUL-29 2.6 Bonds AUD 9,950,000 $10,489,390 $10,489,390 2029-07-31 2.6 1.9305 7.8868
CGJAU 2.2 11/06/26 Corp COLES GROUP TREASURY PTY LTD 2.2% NOV-26 2.5 Bonds AUD 9,900,000 $10,370,844 $10,370,844 2026-11-06 2.2 1.3861 5.4689
EBIUH 3.05 02/26/30 Corp EMIRATES NBD BANK PJSC 3.05% FEB-30 2.5 Euro Bond AUD 10,250,000 $10,243,030 $10,243,030 2030-02-26 3.05 3.0582 8.1154
ABIBB 4.1 09/06/27 Corp ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.1% SEP-27 2.5 Bonds AUD 8,950,000 $10,170,512 $10,170,512 2027-09-06 4.1 1.9893 6.1086
BACAU 3.1 06/30/26 Corp BRISBANE AIRPORT CORP PTY LTD 3.1% JUN-26 2.4 Bonds AUD 9,950,000 $9,876,470 $9,876,470 2026-06-30 3.1 3.2410 5.1996
LOFINA 2.45 11/20/26 Corp LONSDALE FINANCE PTY LTD 2.45% NOV-26 2.4 Bonds AUD 9,620,000 $9,871,563 $9,871,563 2026-11-20 2.45 1.9962 5.4404
VZ 2.65 05/06/30 Corp VERIZON COMMUNICATIONS INC 2.65% MAY-30 2.4 Bonds AUD 9,240,000 $9,626,602 $9,626,602 2030-05-06 2.65 2.1656 8.4056
AUSGF 1.814 02/05/27 Corp AUSGRID FINANCE PTY LTD 1.814% FEB-27 2.2 Bonds Australia AUD 8,900,000 $8,832,182 $8,832,182 2027-02-05 1.814 1.9419 5.9653
T 4.6 09/19/28 Corp AT&T INC 4.6% SEP-28 1.9 Bonds AUD 6,500,000 $7,695,220 $7,695,220 2028-09-19 4.6 2.0881 6.8155
AU3CB0266906 Corp PACIFIC NATIONAL FINANCE PTY LTD 3.7% SEP-29 1.7 Bonds AUD 7,080,000 $6,935,710 $6,935,710 2029-09-24 3.7 3.9711 7.5701
NETFIN 2.25 11/11/26 Corp NETWORK FINANCE CO PTY LTD 2.25% NOV-26 1.6 Bonds AUD 6,310,000 $6,508,954 $6,508,954 2026-11-11 2.25 1.7061 5.4484
QANAU 2.95 11/27/29 Corp QANTAS AIRWAYS LTD 2.95% NOV-29 1.3 Bonds AUD 6,050,000 $5,265,860 $5,265,860 2029-11-27 2.95 4.7049 7.7396
SGTOPT 2.5 07/01/30 Corp OPTUS FINANCE PTY LTD 2.5% JUL-30 1.3 Bonds Australia AUD 5,000,000 $5,198,600 $5,198,600 2030-07-01 2.5 2.0490 8.6170
GTAFIN 2.2 08/26/27 Corp GTA FINANCE CO PTY LTD 2.2% AUG-27 1.2 Bonds Australia AUD 4,800,000 $4,839,888 $4,839,888 2027-08-26 2.2 2.0704 6.1700
WSOFIN 4.5 03/31/27 Corp WSO FINANCE PTY LTD 4.5% MAR-27 1.1 Bonds AUD 4,000,000 $4,620,640 $4,620,640 2027-03-31 4.5 1.9541 5.5438
CGJAU 2.1 08/27/30 Corp COLES GROUP TREASURY PTY LTD 2.1% AUG-30 1.0 Bonds Australia AUD 4,200,000 $4,224,402 $4,224,402 2030-08-27 2.1 2.0349 8.7065
AAA AT BETASHARES AUSTRALIAN HIGH INT 1.0 Equities AUD 80,000 $4,006,400 $4,006,400
CEUAU 3.4 03/25/26 Corp CONNECTEAST FINANCE PTY LTD 3.4% MAR-26 0.9 Bonds AUD 3,300,000 $3,530,307 $3,530,307 2026-03-25 3.4 2.0520 4.8233
AIANZ 4.5 09/23/27 Corp AUCKLAND INTERNATIONAL AIRPORT LTD 4.5% SEP-27 0.8 Bonds AUD 3,050,000 $3,436,801 $3,436,801 2027-09-23 4.5 2.5124 6.0668
Download CSV
* As at 21 September 2020. Excludes cash

Sector Allocation

Financial
34.2%
Communications
13.6%
Consumer, Non-cyclical
26.0%
Utilities
12.1%
Industrial
3.7%
Consumer, Cyclical
6.7%
Basic Materials
3.6%
* As of 31 August 2020

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.36% 0.38%
3 months 3.91% 3.96%
6 months -0.59% 0.37%
1 year 2.32% 3.27%
3 year p.a - 7.80%
5 year p.a - 6.53%
Since inception (p.a) 8.30% 8.88%
Inception date 31-May-18 -
* As at 31 August 2020

Chart

Chart Type
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.

DISTRIBUTIONS

Yield Information

Distribution Frequency Monthly
12 Mth Distribution Yield* (%) 4.6%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 August 2020. Yield figures are calculated by summing the prior 12 month net and gross fund per unit distributions divided by the fund closing NAV per unit. Past performance is not an indicator of future performance.

Recent Distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
1-Sep-20 2-Sep-20 16-Sep-20 $0.05285 5.53%
3-Aug-20 4-Aug-20 18-Aug-20 $0.05659 5.72%
1-Jul-20 2-Jul-20 16-Jul-20 $0.25638 5.78%
1-Jun-20 2-Jun-20 17-Jun-20 $0.11004 5.21%
1-May-20 4-May-20 18-May-20 $0.11512 5.11%
1-Apr-20 2-Apr-20 20-Apr-20 $0.10966 5.04%
2-Mar-20 3-Mar-20 17-Mar-20 $0.14465 4.35%
3-Feb-20 4-Feb-20 18-Feb-20 $0.10131 4.06%
2-Jan-20 3-Jan-20 17-Jan-20 $0.10579 3.97%
2-Dec-19 3-Dec-19 17-Dec-19 $0.08001 3.98%
1-Nov-19 4-Nov-19 18-Nov-19 $0.06407 4.02%
1-Oct-19 2-Oct-19 16-Oct-19 $0.06671 4.29%
2-Sep-19 3-Sep-19 17-Sep-19 $0.05445 4.38%
1-Aug-19 2-Aug-19 16-Aug-19 $0.06051 4.39%
1-Jul-19 2-Jul-19 16-Jul-19 $0.12562 4.50%
3-Jun-19 4-Jun-19 19-Jun-19 $0.07664 4.41%
1-May-19 2-May-19 16-May-19 $0.07789 -
1-Apr-19 2-Apr-19 16-Apr-19 $0.07851 -
1-Mar-19 4-Mar-19 18-Mar-19 $0.07364 -
1-Feb-19 4-Feb-19 18-Feb-19 $0.07689 -
2-Jan-19 3-Jan-19 17-Jan-19 $0.08194 -
3-Dec-18 4-Dec-18 18-Dec-18 $0.07744 -
1-Nov-18 2-Nov-18 16-Nov-18 $0.08086 -
1-Oct-18 2-Oct-18 16-Oct-18 $0.07127 -
3-Sep-18 4-Sep-18 18-Sep-18 $0.07897 -
1-Aug-18 2-Aug-18 16-Aug-18 $0.08283 -
2-Jul-18 3-Jul-18 17-Jul-18 $0.07285 -
View more
(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. It is calculated as the difference between total Fund return and NAV return. NAV return is the change in the Fund's NAV price. Total return is the NAV return plus reinvestment of all distributions back to the Fund. Past performance not indicative of future performance.

ANNOUNCEMENTS

ASX Announcements: CRED

Download
Showing - of

RESOURCES

Factsheet - CRED
Download
Fund Flyer - CRED
Download
Product Brochure - CRED
Download
Portfolio Holdings
Download
Product Disclosure Statement - CRED
Download
Annual Report - June 2019
Download
NRWT and Fund Payment Notice information - August 2020 distributions
Download
NRWT and Fund Payment Notice information - July 2020 distributions
Download
NRWT and Fund Payment Notice information - June 2020 distributions
Download
NRWT and Fund Payment Notice information - May 2020 distributions
Download
NRWT and Fund Payment Notice information - April 2020 distributions
Download
NRWT and Fund Payment Notice information - March 2020 distributions
Download
NRWT and Fund Payment Notice information - February 2020 distributions
Download
NRWT and Fund Payment Notice information - January 2020 distributions
Download
NRWT and Fund Payment Notice information - December 2019 distributions
Download
NRWT and Fund Payment Notice information - November 2019 distributions
Download
NRWT and Fund Payment Notice information - October 2019 distributions
Download
NRWT and Fund Payment Notice information - September 2019 distributions
Download
2020 BetaShares Distribution Calendar
Download
View more

LEARN MORE ABOUT CRED

Request an info pack