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 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.

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 20 January 2022

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* $25.52
* As at 18 January 2022

Profile

Net Assets* ($A) $515,596,108
Units Outstanding* (#) 20,206,135
Mgmt Costs** (% p.a.) 0.25%
Distribution Frequency Monthly
Distribution Reinvestment Plan (DRP) Full or partial participation available
Issuer BetaShares Capital Ltd
Fund Administrator Citigroup Pty Limited
Custodian Citigroup Pty Limited
Registry Link Market Services
Auditor KPMG
* As at 18 January 2022
* 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 annual coupon (weighted by market value) of the bonds in the portfolio, divided by the current market price of the bonds (including any accrued interest). Provides an indication of expected income receivable over the next 12 months, however it does not take into account capital gains/losses realisable when a bond is sold or matures.
3.16
Yield to Maturity (% p.a.)
The annualised total expected return of a bond if it is held to maturity, the bond does not default, and the coupons are reinvested [at the Yield to Maturity (YTM)]. The fund's YTM is the weighted average of its underlying bonds' YTMs. The YTM for FX-hedged exposures reflects the annualised costs and benefits of FX hedging for relevant funds.
3.35
Yield to Worst (% p.a.)
The annualised total expected return of a bond if it is held to maturity or is called, the bond does not default, and the coupons are reinvested [at the Yield To Worst (YTW)]. The YTW is the lower of either YTM or Yield to Call (YTC), where YTC is calculated in the same way as YTM but replacing the maturity date with the call date. The fund's YTW is the weighted average of its underlying bonds' YTWs. The YTW for FX-hedged exposures reflects the annualised costs and benefits of FX hedging for relevant funds.
3.35
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
7.62
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%.
6.62
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
BBB+
As at 19 January 2022

Portfolio Holdings

Name Weight (%)
AURIZON NETWORK PTY LTD 2.9% SEP-30 2.4
CPIF FINANCE PTY LTD 2.485% OCT-30 2.4
QNB FINANCE LTD 4.9% FEB-28 2.4
AURIZON FINANCE PTY LTD 3.0% MAR-28 2.3
AUSNET SERVICES HOLDINGS PTY LTD 4.2% AUG-28 2.3
QPH FINANCE CO PTY LTD 2.85% JAN-31 2.3
NETWORK FINANCE CO PTY LTD 2.579% OCT-28 2.3
COLES GROUP TREASURY PTY LTD 2.65% NOV-29 2.3
AGI FINANCE PTY LTD 1.8152% NOV-28 2.3
CHARTER HALL LWR PTY LTD 2.086% MAR-28 2.2
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
AZJAU 2.9 09/02/30 Corp AURIZON NETWORK PTY LTD 2.9% SEP-30 2.4 Bonds AUD 12,990,000 $12,185,789 $12,185,789 2030-09-02 2.9 3.9092 7.4006
CPIFFI 2.485 10/28/30 Corp CPIF FINANCE PTY LTD 2.485% OCT-30 2.4 Bonds Australia AUD 13,000,000 $12,098,645 $12,098,645 2030-10-28 2.485 3.4868 7.7070
QNBK 4.9 02/01/28 Corp QNB FINANCE LTD 4.9% FEB-28 2.4 Bonds AUD 10,880,000 $12,070,109 $12,070,109 2028-02-01 4.9 3.3084 5.1338
AZOAU 3 03/09/28 Corp AURIZON FINANCE PTY LTD 3.0% MAR-28 2.3 Bonds AUD 12,500,000 $12,048,313 $12,048,313 2028-03-09 3.0 3.8726 5.4603
ANVAU 4.2 08/21/28 Corp AUSNET SERVICES HOLDINGS PTY LTD 4.2% AUG-28 2.3 Bonds Australia AUD 11,000,000 $12,027,400 $12,027,400 2028-08-21 4.2 2.9234 5.6778
QPHFIN 2.85 01/29/31 Corp QPH FINANCE CO PTY LTD 2.85% JAN-31 2.3 Bonds AUD 12,420,000 $11,699,764 $11,699,764 2031-01-29 2.85 3.7949 7.7099
NETFIN 2.579 10/03/28 Corp NETWORK FINANCE CO PTY LTD 2.579% OCT-28 2.3 Bonds AUD 12,000,000 $11,664,000 $11,664,000 2028-10-03 2.5789999999999997 3.1761 6.0380
CGJAU 2.65 11/06/29 Corp COLES GROUP TREASURY PTY LTD 2.65% NOV-29 2.3 Bonds AUD 12,050,000 $11,660,122 $11,660,122 2029-11-06 2.65 3.2035 6.9221
AGIF 1.8152 11/23/28 Corp AGI FINANCE PTY LTD 1.8152% NOV-28 2.3 Bonds Australia AUD 12,700,000 $11,610,086 $11,610,086 2028-11-23 1.8152 3.2748 6.3144
CHLWR 2.086 03/03/28 Corp CHARTER HALL LWR PTY LTD 2.086% MAR-28 2.2 Bonds AUD 12,240,000 $11,513,128 $11,513,128 2028-03-03 2.086 3.3137 5.6141
BPCEGP 4.5 04/26/28 Corp BPCE SA 4.5% APR-28 2.2 Bonds AUD 10,580,000 $11,485,119 $11,485,119 2028-04-26 4.5 3.1726 5.4175
ANVAU 2.6 07/31/29 Corp AUSNET SERVICES HOLDINGS PTY LTD 2.6% JUL-29 2.2 Bonds Australia AUD 11,750,000 $11,484,391 $11,484,391 2029-07-31 2.6 3.1238 6.6799
ORGAU 2.65 11/11/27 Corp ORIGIN ENERGY FINANCE LTD 2.65% NOV-27 2.2 Bonds Australia AUD 11,790,000 $11,453,572 $11,453,572 2027-11-11 2.65 3.2928 5.2943
AGIF 2.119 06/24/27 Corp AGI FINANCE PTY LTD 2.119% JUN-27 2.2 Bonds Australia AUD 11,900,000 $11,428,998 $11,428,998 2027-06-24 2.119 2.9466 5.0615
VOD 4.2 12/13/27 Corp VODAFONE GROUP PLC 4.2% DEC-27 2.2 Bonds AUD 10,600,000 $11,385,248 $11,385,248 2027-12-13 4.2 2.9062 5.2087
LLOYDS 4.25 11/22/27 Corp LLOYDS BANKING GROUP PLC 4.25% NOV-27 2.2 Bonds AUD 10,540,000 $11,377,825 $11,377,825 2027-11-22 4.25 2.8910 5.1461
LOFINA 2.1 10/15/27 Corp LONSDALE FINANCE PTY LTD 2.1% OCT-27 2.2 Bonds AUD 11,700,000 $11,233,580 $11,233,580 2027-10-15 2.1 2.9693 5.3104
MQGAU 4.15 12/15/27 Corp MACQUARIE GROUP LTD 4.15% DEC-27 2.2 Bonds AUD 10,570,000 $11,199,444 $11,199,444 2027-12-15 4.15 3.1153 5.2104
MELAIR 3.763 11/25/31 Corp AUSTRALIA PACIFIC AIRPORTS MELBOURNE PTY LTD 3.763% NOV-31 2.2 Bonds Australia AUD 11,100,000 $11,102,831 $11,102,831 2031-11-25 3.763 3.8322 8.1073
NBNAUS 2.15 06/02/28 Corp NBN CO LTD 2.15% JUN-28 2.2 Bonds Australia AUD 11,600,000 $11,099,112 $11,099,112 2028-06-02 2.15 2.9503 5.8649
WOWAU 2.8 05/20/30 Corp WOOLWORTHS GROUP LTD 2.8% MAY-30 2.2 Bonds AUD 11,430,000 $11,071,555 $11,071,555 2030-05-20 2.8 3.2997 7.3104
EBIUH 3.05 02/26/30 Corp EMIRATES NBD BANK PJSC 3.05% FEB-30 2.1 Euro Bond AUD 11,150,000 $11,033,483 $11,033,483 2030-02-26 3.05 3.3726 7.0168
EBIUH 4.75 02/09/28 Corp EMIRATES NBD BANK PJSC 4.75% FEB-28 2.1 Bonds AUD 10,000,000 $10,978,350 $10,978,350 2028-02-09 4.75 3.3422 5.1717
MCD 3.8 03/08/29 Corp MCDONALD'S CORP 3.8% MAR-29 2.1 Bonds AUD 10,290,000 $10,947,943 $10,947,943 2029-03-08 3.8 3.0182 5.9685
LLCAU 3.7 03/31/31 Corp LENDLEASE FINANCE LTD 3.7% MAR-31 2.1 Bonds Australia AUD 10,940,000 $10,840,008 $10,840,008 2031-03-31 3.7 3.9695 7.6158
GPTAU 3.222 11/05/31 Corp GPT WHOLESALE OFFICE FUND NO1 3.222% NOV-31 2.1 Bonds Australia AUD 11,030,000 $10,833,115 $10,833,115 2031-11-05 3.222 3.5222 8.2484
PNHAU 3.8 09/08/31 Corp PACIFIC NATIONAL FINANCE PTY LTD 3.8% SEP-31 2.1 Bonds Australia AUD 11,000,000 $10,760,035 $10,760,035 2031-09-08 3.8 4.2591 7.8354
BACR 4 06/26/29 Corp BARCLAYS PLC 4.0% JUN-29 2.1 Bonds AUD 10,500,000 $10,745,805 $10,745,805 2029-06-26 4.0 3.6809 6.3761
DWPFAU 1.9 08/04/28 Corp DWPF FINANCE PTY LTD 1.9% AUG-28 2.1 Bonds Australia AUD 11,300,000 $10,666,353 $10,666,353 2028-08-04 1.9 2.9997 6.0164
MGRAU 2.6 09/18/29 Corp MIRVAC GROUP FINANCE LTD 2.6% SEP-29 2.1 Bonds AUD 10,900,000 $10,656,821 $10,656,821 2029-09-18 2.6 3.0613 6.8096
ELECTR 2.4737 12/15/28 Corp ELECTRANET PTY LTD 2.4737% DEC-28 2.1 Bonds Australia AUD 11,150,000 $10,609,448 $10,609,448 2028-12-15 2.4737 3.3062 6.2476
VZ 2.65 05/06/30 Corp VERIZON COMMUNICATIONS INC 2.65% MAY-30 2.1 Bonds AUD 11,100,000 $10,532,957 $10,532,957 2030-05-06 2.65 3.4409 7.2993
CHCFIN 3.092 04/21/31 Corp CHC FINANCE PTY LTD 3.092% APR-31 2.0 Bonds Australia AUD 10,950,000 $10,508,770 $10,508,770 2031-04-21 3.092 3.7109 7.8676
WENNEX 3.15 03/31/31 Corp WESTCONNEX FINANCE CO PTY LTD 3.15% MAR-31 2.0 Bonds AUD 10,900,000 $10,421,708 $10,421,708 2031-03-31 3.15 3.8483 7.7805
TQLAU 3.25 08/05/31 Corp TRANSURBAN QUEENSLAND FINANCE PTY LTD 3.25% AUG-31 2.0 Bonds Australia AUD 10,720,000 $10,399,043 $10,399,043 2031-08-05 3.25 3.8153 7.9649
VZ 3 03/23/31 Corp VERIZON COMMUNICATIONS INC 3.0% MAR-31 2.0 Bonds AUD 10,680,000 $10,355,114 $10,355,114 2031-03-23 3.0 3.5185 7.8360
NSWENF 2.543 09/23/30 Corp NSW ELECTRICITY NETWORKS FINANCE PTY LTD 2.543% SEP-30 2.0 Corporate Bond AUD 11,260,000 $10,317,031 $10,317,031 2030-09-23 2.543 3.8007 7.5678
NBNAUS 2.2 12/16/30 Corp NBN CO LTD 2.2% DEC-30 2.0 Bonds Australia AUD 11,410,000 $10,298,267 $10,298,267 2030-12-16 2.2 3.5127 7.9220
CGJAU 2.1 08/27/30 Corp COLES GROUP TREASURY PTY LTD 2.1% AUG-30 2.0 Bonds AUD 11,240,000 $10,297,751 $10,297,751 2030-08-27 2.1 3.3424 7.6706
T 4.6 09/19/28 Corp AT&T INC 4.6% SEP-28 2.0 Bonds AUD 9,150,000 $10,142,501 $10,142,501 2028-09-19 4.6 3.0500 5.6853
BACAU 4.5 12/30/30 Corp BRISBANE AIRPORT CORP PTY LTD 4.5% DEC-30 2.0 Bonds AUD 9,500,000 $10,068,433 $10,068,433 2030-12-30 4.5 3.7421 7.1832
QANAU 5.25 09/09/30 Corp QANTAS AIRWAYS LTD 5.25% SEP-30 2.0 Bonds AUD 9,280,000 $10,048,987 $10,048,987 2030-09-09 5.25 4.3594 6.6709
WESAU 2.55 06/23/31 Corp WESFARMERS LTD 2.55% JUN-31 1.9 Corporate Bond Consumer Discretionary Australia AUD 10,450,000 $9,999,710 $9,999,710 2031-06-23 2.55 3.1060 8.2593
SCAPRT 2.45 09/24/29 Corp SHOPPING CENTRES AUSTRALASIA PROPERTY RETAIL TRUST 2.45% SEP-29 1.9 Corporate Bond Australia AUD 10,250,000 $9,674,873 $9,674,873 2029-09-24 2.45 3.4072 6.8379
GTAFIN 2.2 08/26/27 Corp GTA FINANCE CO PTY LTD 2.2% AUG-27 1.9 Bonds Australia AUD 10,000,000 $9,640,350 $9,640,350 2027-08-26 2.2 3.0773 5.1613
DXSAU 3 02/03/32 Corp DEXUS FINANCE PTY LTD 3.0% FEB-32 1.2 Bonds Australia AUD 6,400,000 $6,268,768 $6,268,768 2032-02-03 3.0 3.4081 8.4437
APPFCF 3.6 11/11/31 Corp APPF COMMERCIAL FINANCE PTY LTD 3.6% NOV-31 1.1 Bonds Australia AUD 5,830,000 $5,868,303 $5,868,303 2031-11-11 3.6 3.6055 8.1424
AIANZ 4.5 09/23/27 Corp AUCKLAND INTERNATIONAL AIRPORT LTD 4.5% SEP-27 0.7 Bonds AUD 3,050,000 $3,355,915 $3,355,915 2027-09-23 4.5 2.8571 4.9567
CHETAU 2.317 09/25/30 Corp CHARTER HALL EXCHANGE FINANCE PTY LTD 2.317% SEP-30 0.5 Bonds AUD 2,720,000 $2,556,664 $2,556,664 2030-09-25 2.3169999999999997 3.2161 7.6874
MET 4 07/13/27 Corp METROPOLITAN LIFE GLOBAL FUNDING I 4.0% JUL-27 0.1 Bonds United States AUD 449,000 $475,810 $475,810 2027-07-13 4.0 2.8330 4.9170
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* As at 18 January 2022. Excludes cash

Sector Allocation

Financial
37.0%
Communications
12.5%
Consumer, Non-cyclical
12.7%
Utilities
17.8%
Industrial
14.0%
Consumer, Cyclical
6.1%
Basic Materials
0.0%
* As of 31 December 2021

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.29% 0.32%
3 months -2.39% -2.43%
6 months -2.07% -2.01%
1 year -3.23% -2.86%
3 year p.a 5.19% 5.71%
5 year p.a - 5.88%
Since inception (p.a) 5.24% 5.73%
Inception date 31-May-18 -
* As at 31 December 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* (%) 5.1%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 December 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)
4-Jan-22 5-Jan-22 19-Jan-22 $0.0656 4.61%
1-Dec-21 2-Dec-21 16-Dec-21 $0.06796 4.64%
1-Nov-21 2-Nov-21 16-Nov-21 $0.06336 4.39%
1-Oct-21 4-Oct-21 18-Oct-21 $0.0673 4.30%
1-Sep-21 2-Sep-21 16-Sep-21 $0.07433 4.37%
2-Aug-21 3-Aug-21 17-Aug-21 $0.07022 4.36%
1-Jul-21 2-Jul-21 16-Jul-21 $0.30083 4.23%
1-Jun-21 2-Jun-21 17-Jun-21 $0.17477 3.32%
3-May-21 4-May-21 18-May-21 $0.15186 2.92%
1-Apr-21 6-Apr-21 20-Apr-21 $0.11353 3.32%
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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Investor Guide to BetaShares Fixed Income Solutions
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Portfolio Holdings
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Product Disclosure Statement - CRED
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Product Disclosure Statement Update – 20 September 2021
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Product Disclosure Statement Update – 31 May 2021
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Annual Report - June 2021
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Interim Financial Report - December 2020
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NRWT and Fund Payment Notice information - December 2021 distributions
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NRWT and Fund Payment Notice information - November 2021 distributions
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NRWT and Fund Payment Notice information - October 2021 distributions
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NRWT and Fund Payment Notice information - September 2021 distributions
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NRWT and Fund Payment Notice information - August 2021 distributions
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NRWT and Fund Payment Notice information - July 2021 distributions
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NRWT and Fund Payment Notice information - June 2021 distributions
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NRWT and Fund Payment Notice information - May 2021 distributions
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NRWT and Fund Payment Notice information - April 2021 distributions
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NRWT and Fund Payment Notice information - March 2021 distributions
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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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