CRED ASX ETF | Investment Grade Bond ETF | BetaShares
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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 13 April 2021

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* $27.00
* As at 12 April 2021

Profile

Net Assets* ($A) $475,654,061
Units Outstanding* (#) 17,617,102
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 12 April 2021
* 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)

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.
3.14 % 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.
2.62 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
7.68 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%.
6.67 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
BBB+
As at 13 April 2021

Portfolio Holdings

Name Weight (%)
VODAFONE GROUP PLC 4.2% DEC-27 3.8
COLES GROUP TREASURY PTY LTD 2.1% AUG-30 3.6
EMIRATES NBD BANK PJSC 4.75% FEB-28 3.5
BARCLAYS PLC 4.0% JUN-29 3.5
WOOLWORTHS GROUP LTD 2.8% MAY-30 3.5
AT&T INC 4.6% SEP-28 3.4
AUSGRID FINANCE PTY LTD 1.814% FEB-27 3.4
AGI FINANCE PTY LTD 1.8152% NOV-28 3.4
UNIVERSITY OF TECHNOLOGY SYDNEY 3.75% JUL-27 3.3
LONSDALE FINANCE PTY LTD 2.1% OCT-27 3.3
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
VOD 4.2 12/13/27 Corp VODAFONE GROUP PLC 4.2% DEC-27 3.8 Bonds AUD 15,880,000 $17,938,524 $17,938,524 2027-12-13 4.2 2.3195 5.7897
CGJAU 2.1 08/27/30 Corp COLES GROUP TREASURY PTY LTD 2.1% AUG-30 3.6 Bonds AUD 18,240,000 $17,279,664 $17,279,664 2030-08-27 2.1 2.7750 8.3847
EBIUH 4.75 02/09/28 Corp EMIRATES NBD BANK PJSC 4.75% FEB-28 3.5 Bonds AUD 15,000,000 $16,950,900 $16,950,900 2028-02-09 4.75 2.7809 5.8415
BACR 4 06/26/29 Corp BARCLAYS PLC 4.0% JUN-29 3.5 Bonds AUD 15,500,000 $16,857,103 $16,857,103 2029-06-26 4.0 2.9561 6.9381
WOWAU 2.8 05/20/30 Corp WOOLWORTHS GROUP LTD 2.8% MAY-30 3.5 Bonds AUD 16,230,000 $16,527,415 $16,527,415 2030-05-20 2.8 2.7121 7.9015
T 4.6 09/19/28 Corp AT&T INC 4.6% SEP-28 3.4 Bonds AUD 14,150,000 $16,316,931 $16,316,931 2028-09-19 4.6 2.3871 6.3652
AUSGF 1.814 02/05/27 Corp AUSGRID FINANCE PTY LTD 1.814% FEB-27 3.4 Bonds Australia AUD 16,540,000 $16,291,156 $16,291,156 2027-02-05 1.814 2.1543 5.4592
AGIF 1.8152 11/23/28 Corp AGI FINANCE PTY LTD 1.8152% NOV-28 3.4 Bonds Australia AUD 16,700,000 $16,123,349 $16,123,349 2028-11-23 1.8152 2.4187 6.9880
UTSYDN 3.75 07/20/27 Corp UNIVERSITY OF TECHNOLOGY SYDNEY 3.75% JUL-27 3.3 Bonds AUD 14,150,000 $15,881,040 $15,881,040 2027-07-20 3.75 1.8238 5.5868
LOFINA 2.1 10/15/27 Corp LONSDALE FINANCE PTY LTD 2.1% OCT-27 3.3 Bonds AUD 15,700,000 $15,582,172 $15,582,172 2027-10-15 2.1 2.2247 6.0408
NBNAUS 2.2 12/16/30 Corp NBN CO LTD 2.2% DEC-30 3.2 Bonds Australia AUD 16,010,000 $15,481,510 $15,481,510 2030-12-16 2.2 2.6751 8.5607
QNBK 4.9 02/01/28 Corp QNB FINANCE LTD 4.9% FEB-28 3.2 Bonds AUD 13,380,000 $15,203,025 $15,203,025 2028-02-01 4.9 2.8420 5.7956
BPCEGP 4.5 04/26/28 Corp BPCE SA 4.5% APR-28 3.2 Bonds AUD 13,280,000 $15,137,208 $15,137,208 2028-04-26 4.5 2.6388 5.9721
ORGAU 2.65 11/11/27 Corp ORIGIN ENERGY FINANCE LTD 2.65% NOV-27 3.2 Bonds AUD 14,790,000 $15,097,336 $15,097,336 2027-11-11 2.65 2.4933 5.7282
AU3CB0266906 Corp PACIFIC NATIONAL FINANCE PTY LTD 3.7% SEP-29 3.1 Bonds AUD 14,880,000 $15,046,954 $15,046,954 2029-09-24 3.7 3.5752 7.0048
VZ 3 03/23/31 Corp VERIZON COMMUNICATIONS INC 3.0% MAR-31 3.1 Bonds Communication Services United States AUD 15,000,000 $15,025,350 $15,025,350 2031-03-23 3.0 3.0020 8.5225
MET 4 07/13/27 Corp METROPOLITAN LIFE GLOBAL FUNDING I 4.0% JUL-27 3.1 Bonds AUD 13,317,000 $15,007,127 $15,007,127 2027-07-13 4.0 2.0017 5.5262
MQGAU 4.15 12/15/27 Corp MACQUARIE GROUP LTD 4.15% DEC-27 3.0 Bonds AUD 13,070,000 $14,524,626 $14,524,626 2027-12-15 4.15 2.5501 5.7890
QPHFIN 2.85 01/29/31 Corp QPH FINANCE CO PTY LTD 2.85% JAN-31 3.0 Bonds AUD 14,420,000 $14,494,407 $14,494,407 2031-01-29 2.85 2.8594 8.4401
LLOYDS 4.25 11/22/27 Corp LLOYDS BANKING GROUP PLC 4.25% NOV-27 3.0 Bonds AUD 12,540,000 $14,171,141 $14,171,141 2027-11-22 4.25 2.3868 5.7194
MCD 3.8 03/08/29 Corp MCDONALD'S CORP 3.8% MAR-29 3.0 Bonds AUD 12,790,000 $14,145,484 $14,145,484 2029-03-08 3.8 2.3748 6.6606
NSWENF 2.543 09/23/30 Corp NSW ELECTRICITY NETWORKS FINANCE PTY LTD 2.543% SEP-30 2.9 Corporate Bond AUD 14,260,000 $13,768,458 $13,768,458 2030-09-23 2.543 2.9841 8.2897
EBIUH 3.05 02/26/30 Corp EMIRATES NBD BANK PJSC 3.05% FEB-30 2.7 Euro Bond AUD 13,150,000 $13,119,689 $13,119,689 2030-02-26 3.05 3.1323 7.6809
VZ 2.65 05/06/30 Corp VERIZON COMMUNICATIONS INC 2.65% MAY-30 2.7 Bonds AUD 13,100,000 $13,000,964 $13,000,964 2030-05-06 2.65 2.8933 7.8913
AZJAU 2.9 09/02/30 Corp AURIZON NETWORK PTY LTD 2.9% SEP-30 2.7 Bonds AUD 12,990,000 $12,699,738 $12,699,738 2030-09-02 2.9 3.2208 8.1029
NETFIN 2.25 11/11/26 Corp NETWORK FINANCE CO PTY LTD 2.25% NOV-26 2.5 Bonds AUD 11,760,000 $12,025,894 $12,025,894 2026-11-11 2.25 1.8355 5.0050
LLCAU 3.4 10/27/27 Corp LENDLEASE FINANCE LTD 3.4% OCT-27 2.5 Bonds AUD 11,170,000 $11,886,779 $11,886,779 2027-10-27 3.4 2.5916 5.5722
ABIBB 4.1 09/06/27 Corp ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.1% SEP-27 2.5 Bonds AUD 10,480,000 $11,878,399 $11,878,399 2027-09-06 4.1 1.9439 5.6604
CPIFFI 2.485 10/28/30 Corp CPIF FINANCE PTY LTD 2.485% OCT-30 2.2 Bonds Australia AUD 10,800,000 $10,491,984 $10,491,984 2030-10-28 2.485 2.9704 8.2990
AZOAU 3 03/09/28 Corp AURIZON FINANCE PTY LTD 3.0% MAR-28 2.1 Bonds Australia AUD 9,800,000 $9,905,938 $9,905,938 2028-03-09 3.0 2.8744 5.9763
QANAU 5.25 09/09/30 Corp QANTAS AIRWAYS LTD 5.25% SEP-30 1.9 Bonds AUD 8,200,000 $9,150,503 $9,150,503 2030-09-09 5.25 3.8364 7.3132
QANAU 2.95 11/27/29 Corp QANTAS AIRWAYS LTD 2.95% NOV-29 1.2 Bonds AUD 6,050,000 $5,813,022 $5,813,022 2029-11-27 2.95 3.6377 7.4160
WSOFIN 4.5 03/31/27 Corp WSO FINANCE PTY LTD 4.5% MAR-27 1.0 Bonds AUD 4,000,000 $4,580,900 $4,580,900 2027-03-31 4.5 1.9430 5.0892
BACAU 4.5 12/30/30 Corp BRISBANE AIRPORT CORP PTY LTD 4.5% DEC-30 0.8 Bonds AUD 3,500,000 $3,897,233 $3,897,233 2030-12-30 4.5 3.2835 7.6839
AIANZ 4.5 09/23/27 Corp AUCKLAND INTERNATIONAL AIRPORT LTD 4.5% SEP-27 0.7 Bonds AUD 3,050,000 $3,470,183 $3,470,183 2027-09-23 4.5 2.2372 5.6408
GAIF 1.9 12/14/28 Corp GAIF BOND ISSUER PTY LTD 1.9% DEC-28 0.7 Bonds Australia AUD 3,200,000 $3,120,096 $3,120,096 2028-12-14 1.9 2.3490 7.0303
NEE 2.2 12/02/26 Corp NEXTERA ENERGY CAPITAL HOLDINGS INC 2.2% DEC-26 0.4 Bonds AUD 1,760,000 $1,784,772 $1,784,772 2026-12-02 2.2 2.0868 5.2323
CHETAU 2.317 09/25/30 Corp CHARTER HALL EXCHANGE FINANCE PTY LTD 2.317% SEP-30 0.3 Bonds AUD 1,700,000 $1,638,613 $1,638,613 2030-09-25 2.317 2.7701 8.3861
LLCAU 3.7 03/31/31 Corp LENDLEASE FINANCE LTD 3.7% MAR-31 0.2 Bonds Australia AUD 800,000 $810,904 $810,904 2031-03-31 3.7 3.5544 8.1003
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* As at 12 April 2021. Excludes cash

Sector Allocation

Financial
34.0%
Communications
16.4%
Consumer, Non-cyclical
17.3%
Utilities
16.1%
Industrial
10.0%
Consumer, Cyclical
6.1%
Basic Materials
0.0%
* As of 31 March 2021

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.14% 0.23%
3 months -3.63% -3.44%
6 months -1.05% -0.70%
1 year 4.31% 4.58%
3 year p.a - 6.74%
5 year p.a - 5.97%
Since inception (p.a) 6.52% 7.08%
Inception date 31-May-18 -
* As at 31 March 2021

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* (%) 4.1%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 March 2021. 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-Apr-21 2-Apr-21 20-Apr-21 $0.11353 -
1-Mar-21 2-Mar-21 16-Mar-21 $0.08477 3.40%
1-Feb-21 2-Feb-21 16-Feb-21 $0.0821 3.56%
4-Jan-21 5-Jan-21 19-Jan-21 $0.08408 3.54%
1-Dec-20 2-Dec-20 16-Dec-20 $0.05236 4.61%
2-Nov-20 3-Nov-20 17-Nov-20 $0.05303 4.67%
1-Oct-20 2-Oct-20 16-Oct-20 $0.05344 4.63%
1-Sep-20 2-Sep-20 16-Sep-20 $0.05285 4.65%
3-Aug-20 4-Aug-20 18-Aug-20 $0.05659 4.70%
1-Jul-20 2-Jul-20 16-Jul-20 $0.25638 4.70%
1-Jun-20 2-Jun-20 17-Jun-20 $0.11004 4.23%
1-May-20 4-May-20 18-May-20 $0.11512 4.10%
1-Apr-20 2-Apr-20 20-Apr-20 $0.10966 4.06%
2-Mar-20 3-Mar-20 17-Mar-20 $0.14465 4.22%
3-Feb-20 4-Feb-20 18-Feb-20 $0.10131 3.99%
2-Jan-20 3-Jan-20 17-Jan-20 $0.10579 3.83%
2-Dec-19 3-Dec-19 17-Dec-19 $0.08001 3.88%
1-Nov-19 4-Nov-19 18-Nov-19 $0.06407 3.88%
1-Oct-19 2-Oct-19 16-Oct-19 $0.06671 4.03%
2-Sep-19 3-Sep-19 17-Sep-19 $0.05445 4.04%
1-Aug-19 2-Aug-19 16-Aug-19 $0.06051 4.16%
1-Jul-19 2-Jul-19 16-Jul-19 $0.12562 4.20%
3-Jun-19 4-Jun-19 19-Jun-19 $0.07664 3.98%
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 -
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(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

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RESOURCES

Factsheet - CRED
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Fund Flyer - CRED
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Product Brochure - CRED
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Portfolio Holdings
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Product Disclosure Statement - CRED
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Product Disclosure Statement Update - 8 March 2021
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Annual Report - June 2020
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NRWT and Fund Payment Notice information - February 2021 distributions
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NRWT and Fund Payment Notice information - January 2021 distributions
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NRWT and Fund Payment Notice information - December 2020 distributions
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NRWT and Fund Payment Notice information - November 2020 distributions
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NRWT and Fund Payment Notice information - October 2020 distributions
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NRWT and Fund Payment Notice information - September 2020 distributions
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NRWT and Fund Payment Notice information - August 2020 distributions
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NRWT and Fund Payment Notice information - July 2020 distributions
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NRWT and Fund Payment Notice information - June 2020 distributions
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NRWT and Fund Payment Notice information - May 2020 distributions
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NRWT and Fund Payment Notice information - April 2020 distributions
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NRWT and Fund Payment Notice information - March 2020 distributions
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Interim Financial Report - December 2020
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