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 23 June 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* $27.09
* As at 22 June 2021

Profile

Net Assets* ($A) $490,477,597
Units Outstanding* (#) 18,107,010
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 22 June 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.
2.98 % 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.
2.58 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
7.99 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%.
6.91 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
BBB+
As at 23 June 2021

Portfolio Holdings

Name Weight (%)
WESTCONNEX FINANCE CO PTY LTD 3.15% MAR-31 2.9
COLES GROUP TREASURY PTY LTD 2.1% AUG-30 2.8
EMIRATES NBD BANK PJSC 3.05% FEB-30 2.7
VERIZON COMMUNICATIONS INC 3.0% MAR-31 2.7
CHC FINANCE PTY LTD 3.092% APR-31 2.7
VERIZON COMMUNICATIONS INC 2.65% MAY-30 2.7
AURIZON NETWORK PTY LTD 2.9% SEP-30 2.7
NSW ELECTRICITY NETWORKS FINANCE PTY LTD 2.543% SEP-30 2.6
BRISBANE AIRPORT CORP PTY LTD 4.5% DEC-30 2.6
NBN CO LTD 2.2% DEC-30 2.6
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
WENNEX 3.15 03/31/31 Corp WESTCONNEX FINANCE CO PTY LTD 3.15% MAR-31 2.9 Bonds Australia AUD 14,000,000 $14,328,090 $14,328,090 2031-03-31 3.15 2.9594 8.1293
CGJAU 2.1 08/27/30 Corp COLES GROUP TREASURY PTY LTD 2.1% AUG-30 2.8 Bonds AUD 14,240,000 $13,802,405 $13,802,405 2030-08-27 2.1 2.5620 8.2096
EBIUH 3.05 02/26/30 Corp EMIRATES NBD BANK PJSC 3.05% FEB-30 2.7 Euro Bond AUD 13,150,000 $13,295,308 $13,295,308 2030-02-26 3.05 3.0361 7.4962
VZ 3 03/23/31 Corp VERIZON COMMUNICATIONS INC 3.0% MAR-31 2.7 Bonds Communication Services United States AUD 13,000,000 $13,273,845 $13,273,845 2031-03-23 3.0 2.8413 8.1647
CHCFIN 3.092 04/21/31 Corp CHC FINANCE PTY LTD 3.092% APR-31 2.7 Bonds Australia AUD 13,000,000 $13,259,870 $13,259,870 2031-04-21 3.092 2.9208 8.2069
VZ 2.65 05/06/30 Corp VERIZON COMMUNICATIONS INC 2.65% MAY-30 2.7 Bonds AUD 13,100,000 $13,040,133 $13,040,133 2030-05-06 2.65 2.7543 7.8177
AZJAU 2.9 09/02/30 Corp AURIZON NETWORK PTY LTD 2.9% SEP-30 2.7 Bonds AUD 12,990,000 $13,020,137 $13,020,137 2030-09-02 2.9 2.9841 7.9358
NSWENF 2.543 09/23/30 Corp NSW ELECTRICITY NETWORKS FINANCE PTY LTD 2.543% SEP-30 2.6 Corporate Bond AUD 13,260,000 $12,905,030 $12,905,030 2030-09-23 2.543 2.9566 8.1022
BACAU 4.5 12/30/30 Corp BRISBANE AIRPORT CORP PTY LTD 4.5% DEC-30 2.6 Bonds AUD 11,500,000 $12,901,275 $12,901,275 2030-12-30 4.5 3.0101 7.6745
NBNAUS 2.2 12/16/30 Corp NBN CO LTD 2.2% DEC-30 2.6 Bonds Australia AUD 13,410,000 $12,862,202 $12,862,202 2030-12-16 2.2 2.6979 8.4624
QPHFIN 2.85 01/29/31 Corp QPH FINANCE CO PTY LTD 2.85% JAN-31 2.6 Bonds AUD 12,420,000 $12,691,812 $12,691,812 2031-01-29 2.85 2.7269 8.0719
MCD 3.8 03/08/29 Corp MCDONALD'S CORP 3.8% MAR-29 2.6 Bonds AUD 11,290,000 $12,633,454 $12,633,454 2029-03-08 3.8 2.2675 6.4776
QNBK 4.9 02/01/28 Corp QNB FINANCE LTD 4.9% FEB-28 2.6 Bonds AUD 10,880,000 $12,606,058 $12,606,058 2028-02-01 4.9 2.5928 5.6172
AGIF 1.8152 11/23/28 Corp AGI FINANCE PTY LTD 1.8152% NOV-28 2.5 Bonds Australia AUD 12,700,000 $12,208,764 $12,208,764 2028-11-23 1.8152 2.4124 6.8612
AU3CB0266906 Corp PACIFIC NATIONAL FINANCE PTY LTD 3.7% SEP-29 2.5 Bonds AUD 11,880,000 $12,194,761 $12,194,761 2029-09-24 3.7 3.4587 6.8246
NETFIN 2.579 10/03/28 Corp NETWORK FINANCE CO PTY LTD 2.579% OCT-28 2.5 Bonds Australia AUD 12,000,000 $12,164,340 $12,164,340 2028-10-03 2.579 2.4266 6.3751
ORGAU 2.65 11/11/27 Corp ORIGIN ENERGY FINANCE LTD 2.65% NOV-27 2.4 Bonds AUD 11,790,000 $11,970,328 $11,970,328 2027-11-11 2.65 2.4445 5.6129
AZOAU 3 03/09/28 Corp AURIZON FINANCE PTY LTD 3.0% MAR-28 2.4 Bonds Australia AUD 11,700,000 $11,916,567 $11,916,567 2028-03-09 3.0 2.8396 5.7879
VOD 4.2 12/13/27 Corp VODAFONE GROUP PLC 4.2% DEC-27 2.4 Bonds AUD 10,600,000 $11,894,949 $11,894,949 2027-12-13 4.2 2.1868 5.7102
LLOYDS 4.25 11/22/27 Corp LLOYDS BANKING GROUP PLC 4.25% NOV-27 2.4 Bonds AUD 10,540,000 $11,841,690 $11,841,690 2027-11-22 4.25 2.2363 5.6424
T 4.6 09/19/28 Corp AT&T INC 4.6% SEP-28 2.4 Bonds AUD 10,150,000 $11,839,112 $11,839,112 2028-09-19 4.6 2.2760 6.1821
CHLWR 2.086 03/03/28 Corp CHARTER HALL LWR PTY LTD 2.086% MAR-28 2.4 Bonds Australia AUD 11,840,000 $11,825,733 $11,825,733 2028-03-03 2.086 2.2097 6.1690
TQLAU 3.25 08/05/31 Corp TRANSURBAN QUEENSLAND FINANCE PTY LTD 3.25% AUG-31 2.4 Bonds Australia AUD 11,420,000 $11,807,538 $11,807,538 2031-08-05 3.25 3.0032 8.3074
GAIF 1.9 12/14/28 Corp GAIF BOND ISSUER PTY LTD 1.9% DEC-28 2.4 Bonds Australia AUD 12,070,000 $11,804,581 $11,804,581 2028-12-14 1.9 2.2295 6.9116
LOFINA 2.1 10/15/27 Corp LONSDALE FINANCE PTY LTD 2.1% OCT-27 2.4 Bonds AUD 11,700,000 $11,738,961 $11,738,961 2027-10-15 2.1 2.1124 5.8538
CPIFFI 2.485 10/28/30 Corp CPIF FINANCE PTY LTD 2.485% OCT-30 2.4 Bonds Australia AUD 12,000,000 $11,735,760 $11,735,760 2030-10-28 2.485 2.8025 8.2300
QANAU 5.25 09/09/30 Corp QANTAS AIRWAYS LTD 5.25% SEP-30 2.4 Bonds AUD 10,280,000 $11,716,167 $11,716,167 2030-09-09 5.25 3.6476 7.1448
SGTOPT 2.5 07/01/30 Corp OPTUS FINANCE PTY LTD 2.5% JUL-30 2.4 Bonds Australia AUD 11,510,000 $11,698,879 $11,698,879 2030-07-01 2.5 2.2924 8.0484
BPCEGP 4.5 04/26/28 Corp BPCE SA 4.5% APR-28 2.4 Bonds AUD 10,180,000 $11,608,661 $11,608,661 2028-04-26 4.5 2.3804 5.9156
WOWAU 2.8 05/20/30 Corp WOOLWORTHS GROUP LTD 2.8% MAY-30 2.3 Bonds AUD 11,230,000 $11,469,255 $11,469,255 2030-05-20 2.8 2.5652 7.8307
EBIUH 4.75 02/09/28 Corp EMIRATES NBD BANK PJSC 4.75% FEB-28 2.3 Bonds AUD 10,000,000 $11,443,750 $11,443,750 2028-02-09 4.75 2.6540 5.6556
AUSGF 1.814 02/05/27 Corp AUSGRID FINANCE PTY LTD 1.814% FEB-27 2.3 Bonds Australia AUD 11,540,000 $11,436,486 $11,436,486 2027-02-05 1.814 2.1174 5.2665
BACR 4 06/26/29 Corp BARCLAYS PLC 4.0% JUN-29 2.3 Bonds AUD 10,500,000 $11,418,698 $11,418,698 2029-06-26 4.0 2.7719 6.8855
MQGAU 4.15 12/15/27 Corp MACQUARIE GROUP LTD 4.15% DEC-27 2.3 Bonds AUD 10,070,000 $11,181,174 $11,181,174 2027-12-15 4.15 2.3229 5.7149
NETFIN 2.25 11/11/26 Corp NETWORK FINANCE CO PTY LTD 2.25% NOV-26 2.2 Bonds AUD 10,760,000 $11,026,418 $11,026,418 2026-11-11 2.25 1.8642 4.8118
MGRAU 2.6 09/18/29 Corp MIRVAC GROUP FINANCE LTD 2.6% SEP-29 2.2 Bonds Australia AUD 10,500,000 $10,753,155 $10,753,155 2029-09-18 2.6 2.3696 7.1326
CGJAU 2.65 11/06/29 Corp COLES GROUP TREASURY PTY LTD 2.65% NOV-29 2.1 Bonds Australia AUD 10,150,000 $10,405,729 $10,405,729 2029-11-06 2.65 2.3637 7.2574
AGIAGN 2.1486 04/28/28 Corp AUSTRALIAN GAS NETWORKS LTD 2.1486% APR-28 1.6 Bonds Utilities Australia AUD 7,930,000 $8,000,299 $8,000,299 2028-04-28 2.1486 2.0624 6.1002
LLCAU 3.7 03/31/31 Corp LENDLEASE FINANCE LTD 3.7% MAR-31 1.6 Bonds Australia AUD 7,440,000 $7,916,867 $7,916,867 2031-03-31 3.7 3.0396 7.9674
SGPAU 2.3 03/24/28 Corp STOCKLAND TRUST 2.3% MAR-28 1.5 Bonds Australia AUD 7,000,000 $7,137,725 $7,137,725 2028-03-24 2.3 2.0785 5.9795
AGIF 2.119 06/24/27 Corp AGI FINANCE PTY LTD 2.119% JUN-27 1.4 Bonds Australia AUD 6,750,000 $6,746,591 $6,746,591 2027-06-24 2.119 2.1290 5.6033
LLCAU 3.4 10/27/27 Corp LENDLEASE FINANCE LTD 3.4% OCT-27 0.9 Bonds AUD 4,170,000 $4,430,437 $4,430,437 2027-10-27 3.4 2.4245 5.4784
AIANZ 4.5 09/23/27 Corp AUCKLAND INTERNATIONAL AIRPORT LTD 4.5% SEP-27 0.7 Bonds AUD 3,050,000 $3,526,090 $3,526,090 2027-09-23 4.5 2.0229 5.4611
CHETAU 2.317 09/25/30 Corp CHARTER HALL EXCHANGE FINANCE PTY LTD 2.317% SEP-30 0.4 Bonds AUD 2,200,000 $2,169,123 $2,169,123 2030-09-25 2.317 2.5589 8.2146
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* As at 22 June 2021. Excludes cash

Sector Allocation

Financial
38.1%
Communications
14.3%
Consumer, Non-cyclical
14.3%
Utilities
16.6%
Industrial
11.9%
Consumer, Cyclical
4.8%
Basic Materials
0.0%
* As of 31 May 2021

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month 0.38% 0.37%
3 months 1.60% 1.77%
6 months -2.12% -1.62%
1 year 5.34% 5.79%
3 year p.a 6.66% 7.22%
5 year p.a - 5.86%
Since inception (p.a) 6.66% 7.22%
Inception date 31-May-18 -
* As at 31 May 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* (%) 4.3%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 31 May 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-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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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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PDS Update – CRED 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 - 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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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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