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.
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KEY FACTS

Pricing Information 18 September 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* $27.14
* As at 16 September 2021

Profile

Net Assets* ($A) $519,995,127
Units Outstanding* (#) 19,156,811
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 16 September 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.
2.84 % 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.
2.32 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
7.60 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%.
6.59 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
BBB+
As at 17 September 2021

Portfolio Holdings

Top 10All
Name Weight (%)
EMIRATES NBD BANK PJSC 3.05% FEB-30 2.5
NBN CO LTD 2.2% DEC-30 2.5
AURIZON NETWORK PTY LTD 2.9% SEP-30 2.5
BRISBANE AIRPORT CORP PTY LTD 4.5% DEC-30 2.5
CPIF FINANCE PTY LTD 2.485% OCT-30 2.5
NSW ELECTRICITY NETWORKS FINANCE PTY LTD 2.543% SEP-30 2.5
QPH FINANCE CO PTY LTD 2.85% JAN-31 2.4
QNB FINANCE LTD 4.9% FEB-28 2.4
NETWORK FINANCE CO PTY LTD 2.579% OCT-28 2.4
AGI FINANCE PTY LTD 1.8152% NOV-28 2.4
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
EBIUH 3.05 02/26/30 Corp EMIRATES NBD BANK PJSC 3.05% FEB-30 2.5 Euro Bond AUD 13,150,000 $13,323,843 $13,323,843 2030-02-26 3.05 2.9009 7.3802
NBNAUS 2.2 12/16/30 Corp NBN CO LTD 2.2% DEC-30 2.5 Bonds Australia AUD 13,410,000 $13,141,867 $13,141,867 2030-12-16 2.2 2.5149 8.2412
AZJAU 2.9 09/02/30 Corp AURIZON NETWORK PTY LTD 2.9% SEP-30 2.5 Bonds AUD 12,990,000 $13,079,956 $13,079,956 2030-09-02 2.9 2.8311 7.6327
BACAU 4.5 12/30/30 Corp BRISBANE AIRPORT CORP PTY LTD 4.5% DEC-30 2.5 Bonds AUD 11,500,000 $13,048,475 $13,048,475 2030-12-30 4.5 2.9554 7.4434
CPIFFI 2.485 10/28/30 Corp CPIF FINANCE PTY LTD 2.485% OCT-30 2.5 Bonds Australia AUD 13,000,000 $13,022,100 $13,022,100 2030-10-28 2.485 2.5867 8.0125
NSWENF 2.543 09/23/30 Corp NSW ELECTRICITY NETWORKS FINANCE PTY LTD 2.543% SEP-30 2.5 Corporate Bond AUD 13,260,000 $12,977,628 $12,977,628 2030-09-23 2.543 2.8106 7.9821
QPHFIN 2.85 01/29/31 Corp QPH FINANCE CO PTY LTD 2.85% JAN-31 2.4 Bonds AUD 12,420,000 $12,644,988 $12,644,988 2031-01-29 2.85 2.6804 7.9514
QNBK 4.9 02/01/28 Corp QNB FINANCE LTD 4.9% FEB-28 2.4 Bonds AUD 10,880,000 $12,564,822 $12,564,822 2028-02-01 4.9 2.3777 5.5099
NETFIN 2.579 10/03/28 Corp NETWORK FINANCE CO PTY LTD 2.579% OCT-28 2.4 Bonds AUD 12,000,000 $12,381,420 $12,381,420 2028-10-03 2.579 2.2393 6.1478
AGIF 1.8152 11/23/28 Corp AGI FINANCE PTY LTD 1.8152% NOV-28 2.4 Bonds Australia AUD 12,700,000 $12,366,054 $12,366,054 2028-11-23 1.8152 2.3057 6.6306
VZ 2.65 05/06/30 Corp VERIZON COMMUNICATIONS INC 2.65% MAY-30 2.4 Bonds AUD 12,100,000 $12,327,117 $12,327,117 2030-05-06 2.65 2.5351 7.6001
AZOAU 3 03/09/28 Corp AURIZON FINANCE PTY LTD 3.0% MAR-28 2.4 Bonds AUD 12,200,000 $12,318,401 $12,318,401 2028-03-09 3.0 2.8514 5.6340
TQLAU 3.25 08/05/31 Corp TRANSURBAN QUEENSLAND FINANCE PTY LTD 3.25% AUG-31 2.3 Bonds Australia AUD 11,720,000 $12,210,599 $12,210,599 2031-08-05 3.25 2.8097 8.2213
ORGAU 2.65 11/11/27 Corp ORIGIN ENERGY FINANCE LTD 2.65% NOV-27 2.3 Bonds Australia AUD 11,790,000 $12,142,285 $12,142,285 2027-11-11 2.65 2.2933 5.3833
VOD 4.2 12/13/27 Corp VODAFONE GROUP PLC 4.2% DEC-27 2.3 Bonds AUD 10,600,000 $12,126,453 $12,126,453 2027-12-13 4.2 1.9305 5.4854
LLOYDS 4.25 11/22/27 Corp LLOYDS BANKING GROUP PLC 4.25% NOV-27 2.3 Bonds AUD 10,540,000 $12,094,914 $12,094,914 2027-11-22 4.25 1.9437 5.4207
GAIF 1.9 12/14/28 Corp GAIF BOND ISSUER PTY LTD 1.9% DEC-28 2.3 Bonds Australia AUD 12,070,000 $12,058,956 $12,058,956 2028-12-14 1.9 1.9902 6.6866
SGTOPT 2.5 07/01/30 Corp OPTUS FINANCE PTY LTD 2.5% JUL-30 2.3 Bonds Australia AUD 11,510,000 $12,017,303 $12,017,303 2030-07-01 2.5 2.0189 7.8341
CHLWR 2.086 03/03/28 Corp CHARTER HALL LWR PTY LTD 2.086% MAR-28 2.3 Bonds AUD 12,040,000 $12,004,000 $12,004,000 2028-03-03 2.086 2.1531 5.9970
CGJAU 2.1 08/27/30 Corp COLES GROUP TREASURY PTY LTD 2.1% AUG-30 2.3 Bonds AUD 12,240,000 $11,990,855 $11,990,855 2030-08-27 2.1 2.3720 8.0733
MQGAU 4.15 12/15/27 Corp MACQUARIE GROUP LTD 4.15% DEC-27 2.3 Bonds AUD 10,570,000 $11,956,308 $11,956,308 2027-12-15 4.15 2.0855 5.4893
LOFINA 2.1 10/15/27 Corp LONSDALE FINANCE PTY LTD 2.1% OCT-27 2.3 Bonds AUD 11,700,000 $11,938,446 $11,938,446 2027-10-15 2.1 1.9025 5.4051
LLCAU 3.7 03/31/31 Corp LENDLEASE FINANCE LTD 3.7% MAR-31 2.3 Bonds Australia AUD 10,940,000 $11,870,447 $11,870,447 2031-03-31 3.7 2.8848 7.7477
T 4.6 09/19/28 Corp AT&T INC 4.6% SEP-28 2.3 Bonds AUD 10,150,000 $11,810,540 $11,810,540 2028-09-19 4.6 2.0786 6.0767
BPCEGP 4.5 04/26/28 Corp BPCE SA 4.5% APR-28 2.3 Bonds AUD 10,180,000 $11,801,521 $11,801,521 2028-04-26 4.5 2.1906 5.6891
WOWAU 2.8 05/20/30 Corp WOOLWORTHS GROUP LTD 2.8% MAY-30 2.2 Bonds AUD 11,230,000 $11,708,847 $11,708,847 2030-05-20 2.8 2.3735 7.6108
QANAU 5.25 09/09/30 Corp QANTAS AIRWAYS LTD 5.25% SEP-30 2.2 Bonds AUD 10,280,000 $11,613,624 $11,613,624 2030-09-09 5.25 3.5693 7.0797
BACR 4 06/26/29 Corp BARCLAYS PLC 4.0% JUN-29 2.2 Bonds AUD 10,500,000 $11,606,595 $11,606,595 2029-06-26 4.0 2.6261 6.6592
CGJAU 2.65 11/06/29 Corp COLES GROUP TREASURY PTY LTD 2.65% NOV-29 2.2 Bonds AUD 11,050,000 $11,533,603 $11,533,603 2029-11-06 2.65 2.1930 7.0333
MCD 3.8 03/08/29 Corp MCDONALD'S CORP 3.8% MAR-29 2.2 Bonds AUD 10,290,000 $11,528,350 $11,528,350 2029-03-08 3.8 2.0713 6.3611
AUSGF 1.814 02/05/27 Corp AUSGRID FINANCE PTY LTD 1.814% FEB-27 2.2 Bonds Australia AUD 11,540,000 $11,486,339 $11,486,339 2027-02-05 1.814 1.9511 5.0810
EBIUH 4.75 02/09/28 Corp EMIRATES NBD BANK PJSC 4.75% FEB-28 2.2 Bonds AUD 10,000,000 $11,437,850 $11,437,850 2028-02-09 4.75 2.4008 5.5480
MGRAU 2.6 09/18/29 Corp MIRVAC GROUP FINANCE LTD 2.6% SEP-29 2.2 Bonds AUD 10,900,000 $11,279,647 $11,279,647 2029-09-18 2.6 2.1267 7.0003
PNHAU 3.8 09/08/31 Corp PACIFIC NATIONAL FINANCE PTY LTD 3.8% SEP-31 2.1 Bonds Australia AUD 11,000,000 $11,083,600 $11,083,600 2031-09-08 3.8 3.7244 8.0608
CHCFIN 3.092 04/21/31 Corp CHC FINANCE PTY LTD 3.092% APR-31 2.1 Bonds Australia AUD 10,600,000 $11,021,668 $11,021,668 2031-04-21 3.092 2.7708 7.9857
VZ 3 03/23/31 Corp VERIZON COMMUNICATIONS INC 3.0% MAR-31 2.1 Bonds AUD 10,680,000 $11,011,400 $11,011,400 2031-03-23 3.0 2.6270 8.0666
WENNEX 3.15 03/31/31 Corp WESTCONNEX FINANCE CO PTY LTD 3.15% MAR-31 2.1 Bonds AUD 10,500,000 $10,933,230 $10,933,230 2031-03-31 3.15 2.8331 7.9057
AGIF 2.119 06/24/27 Corp AGI FINANCE PTY LTD 2.119% JUN-27 2.0 Bonds Australia AUD 10,250,000 $10,416,563 $10,416,563 2027-06-24 2.119 1.9143 5.1507
SGPAU 2.3 03/24/28 Corp STOCKLAND TRUST 2.3% MAR-28 2.0 Bonds Australia AUD 10,000,000 $10,241,550 $10,241,550 2028-03-24 2.3 1.9006 5.8158
AAA AT BETASHARES AUSTRALIAN HIGH INT 1.9 Equities Financials Australia AUD 200,000 $10,014,000 $10,014,000
NBNAUS 2.15 06/02/28 Corp NBN CO LTD 2.15% JUN-28 1.8 Bonds Australia AUD 9,000,000 $9,188,910 $9,188,910 2028-06-02 2.15 1.9185 5.9611
AGIAGN 2.1486 04/28/28 Corp AUSTRALIAN GAS NETWORKS LTD 2.1486% APR-28 1.6 Bonds AUD 8,430,000 $8,627,473 $8,627,473 2028-04-28 2.1486 1.9079 5.8695
DWPFAU 1.9 08/04/28 Corp DWPF FINANCE PTY LTD 1.9% AUG-28 1.4 Bonds Australia AUD 7,300,000 $7,316,681 $7,316,681 2028-08-04 1.9 1.9029 6.3962
SGSPAA 1.843 09/15/28 Corp SGSP AUSTRALIA ASSETS PTY LTD 1.843% SEP-28 1.1 Bonds Australia AUD 5,760,000 $5,759,309 $5,759,309 2028-09-15 1.843 1.8495 6.5223
AIANZ 4.5 09/23/27 Corp AUCKLAND INTERNATIONAL AIRPORT LTD 4.5% SEP-27 0.7 Bonds AUD 3,050,000 $3,513,539 $3,513,539 2027-09-23 4.5 1.8133 5.3371
CHETAU 2.317 09/25/30 Corp CHARTER HALL EXCHANGE FINANCE PTY LTD 2.317% SEP-30 0.5 Bonds AUD 2,720,000 $2,719,946 $2,719,946 2030-09-25 2.317 2.3142 8.0925
ANVAU 2.6 07/31/29 Corp AUSNET SERVICES HOLDINGS PTY LTD 2.6% JUL-29 0.4 Bonds Australia AUD 2,250,000 $2,353,759 $2,353,759 2029-07-31 2.6 2.0132 7.0805
WESAU 2.55 06/23/31 Corp WESFARMERS LTD 2.55% JUN-31 0.3 Corporate Bond Consumer Discretionary Australia AUD 1,500,000 $1,547,363 $1,547,363 2031-06-23 2.55 2.2593 8.3675
MET 4 07/13/27 Corp METROPOLITAN LIFE GLOBAL FUNDING I 4.0% JUL-27 0.1 Bonds United States AUD 380,000 $429,955 $429,955 2027-07-13 4.0 1.7485 5.2006
ABIBB 4.1 09/06/27 Corp ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.1% SEP-27 0.1 Bonds Belgium AUD 370,000 $422,422 $422,422 2027-09-06 4.1 1.6255 5.3425
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* As at 17 September 2021. Excludes cash

Sector Allocation

Financial 		34.8%
Communications 		16.1%
Consumer, Non-cyclical 		14.1%
Utilities 		17.3%
Industrial 		13.1%
Consumer, Cyclical 		4.7%
Basic Materials 		0.0%
* As of 31 August 2021
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PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.01% 0.04%
3 months 3.23% 3.32%
6 months 4.88% 5.15%
1 year 4.65% 5.14%
3 year p.a 7.18% 7.78%
5 year p.a - 5.84%
Since inception (p.a) 7.17% 7.72%
Inception date 31-May-18 -
* As at 31 August 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.
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DISTRIBUTIONS

Yield Information

Distribution Frequency Monthly
12 Mth Distribution Yield* (%) 4.7%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 August 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-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.
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ANNOUNCEMENTS

ASX Announcements: CRED

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RESOURCES

Factsheet - CRED
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Fund Flyer - 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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Product Disclosure Statement Update – 31 May 2021
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Interim Financial Report - December 2020
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Annual Report - June 2020
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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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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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Investor Guide to BetaShares Fixed Income Solutions
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