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 22 October 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* $26.20
* As at 21 October 2021

Profile

Net Assets* ($A) $533,326,704
Units Outstanding* (#) 20,358,518
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 21 October 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.
2.83 % 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.
2.74 % p.a.
Average Maturity (yrs)
Average (weighted by market value) length of time until the current bonds in the portfolio mature.
7.20 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%.
6.56 yrs
Average Credit Rating
Average credit rating for the bonds in the portfolio. Source: Bloomberg
BBB+
As at 22 October 2021

Portfolio Holdings

Name Weight (%)
BETASHARES AUSTRALIAN HIGH INT 5.6
AURIZON NETWORK PTY LTD 2.9% SEP-30 2.4
CPIF FINANCE PTY LTD 2.485% OCT-30 2.3
AURIZON FINANCE PTY LTD 3.0% MAR-28 2.3
QNB FINANCE LTD 4.9% FEB-28 2.3
QPH FINANCE CO PTY LTD 2.85% JAN-31 2.3
VODAFONE GROUP PLC 4.2% DEC-27 2.2
CHARTER HALL LWR PTY LTD 2.086% MAR-28 2.2
LLOYDS BANKING GROUP PLC 4.25% NOV-27 2.2
ORIGIN ENERGY FINANCE LTD 2.65% NOV-27 2.2
Ticker Name Weight (%) Asset Class Sector Country Currency Shares/Unit (#) Market Value (AUD) Notional Value (AUD) Maturity Date Coupon (%) YTM (%) Modified Duration
AAA AT BETASHARES AUSTRALIAN HIGH INT 5.6 Equities Financials Australia AUD 600,000 $30,048,000 $30,048,000
AZJAU 2.9 09/02/30 Corp AURIZON NETWORK PTY LTD 2.9% SEP-30 2.4 Bonds AUD 12,990,000 $12,576,009 $12,576,009 2030-09-02 2.9 3.3762 7.6830
CPIFFI 2.485 10/28/30 Corp CPIF FINANCE PTY LTD 2.485% OCT-30 2.3 Bonds Australia AUD 13,000,000 $12,386,855 $12,386,855 2030-10-28 2.485 3.0872 7.9754
AZOAU 3 03/09/28 Corp AURIZON FINANCE PTY LTD 3.0% MAR-28 2.3 Bonds AUD 12,500,000 $12,260,688 $12,260,688 2028-03-09 3.0 3.4050 5.7185
QNBK 4.9 02/01/28 Corp QNB FINANCE LTD 4.9% FEB-28 2.3 Bonds AUD 10,880,000 $12,255,341 $12,255,341 2028-02-01 4.9 2.8810 5.3892
QPHFIN 2.85 01/29/31 Corp QPH FINANCE CO PTY LTD 2.85% JAN-31 2.3 Bonds AUD 12,420,000 $12,117,821 $12,117,821 2031-01-29 2.85 3.2427 7.9952
VOD 4.2 12/13/27 Corp VODAFONE GROUP PLC 4.2% DEC-27 2.2 Bonds AUD 10,600,000 $11,851,913 $11,851,913 2027-12-13 4.2 2.3903 5.3675
CHLWR 2.086 03/03/28 Corp CHARTER HALL LWR PTY LTD 2.086% MAR-28 2.2 Bonds AUD 12,240,000 $11,821,453 $11,821,453 2028-03-03 2.086 2.7283 5.8762
LLOYDS 4.25 11/22/27 Corp LLOYDS BANKING GROUP PLC 4.25% NOV-27 2.2 Bonds AUD 10,540,000 $11,798,634 $11,798,634 2027-11-22 4.25 2.4450 5.3013
ORGAU 2.65 11/11/27 Corp ORIGIN ENERGY FINANCE LTD 2.65% NOV-27 2.2 Bonds Australia AUD 11,790,000 $11,787,465 $11,787,465 2027-11-11 2.65 2.8733 5.4745
AGIF 2.119 06/24/27 Corp AGI FINANCE PTY LTD 2.119% JUN-27 2.2 Bonds Australia AUD 11,900,000 $11,781,119 $11,781,119 2027-06-24 2.119 2.4453 5.2589
BPCEGP 4.5 04/26/28 Corp BPCE SA 4.5% APR-28 2.2 Bonds AUD 10,580,000 $11,720,207 $11,720,207 2028-04-26 4.5 2.6822 5.6789
MQGAU 4.15 12/15/27 Corp MACQUARIE GROUP LTD 4.15% DEC-27 2.2 Bonds AUD 10,570,000 $11,643,014 $11,643,014 2027-12-15 4.15 2.6158 5.3679
NBNAUS 2.15 06/02/28 Corp NBN CO LTD 2.15% JUN-28 2.2 Bonds Australia AUD 11,600,000 $11,496,992 $11,496,992 2028-06-02 2.15 2.4377 6.0579
LOFINA 2.1 10/15/27 Corp LONSDALE FINANCE PTY LTD 2.1% OCT-27 2.2 Bonds AUD 11,700,000 $11,489,400 $11,489,400 2027-10-15 2.1 2.4372 5.5667
BACR 4 06/26/29 Corp BARCLAYS PLC 4.0% JUN-29 2.1 Bonds AUD 10,500,000 $11,242,193 $11,242,193 2029-06-26 4.0 3.1516 6.5257
AUSGF 1.814 02/05/27 Corp AUSGRID FINANCE PTY LTD 1.814% FEB-27 2.1 Bonds Australia AUD 11,540,000 $11,216,649 $11,216,649 2027-02-05 1.814 2.4654 4.9701
MCD 3.8 03/08/29 Corp MCDONALD'S CORP 3.8% MAR-29 2.1 Bonds AUD 10,290,000 $11,202,877 $11,202,877 2029-03-08 3.8 2.5468 6.2353
EBIUH 4.75 02/09/28 Corp EMIRATES NBD BANK PJSC 4.75% FEB-28 2.1 Bonds AUD 10,000,000 $11,154,700 $11,154,700 2028-02-09 4.75 2.9033 5.4275
CGJAU 2.65 11/06/29 Corp COLES GROUP TREASURY PTY LTD 2.65% NOV-29 2.1 Bonds AUD 11,050,000 $11,135,417 $11,135,417 2029-11-06 2.65 2.7159 7.0973
AGIF 1.8152 11/23/28 Corp AGI FINANCE PTY LTD 1.8152% NOV-28 2.1 Bonds Australia AUD 11,700,000 $11,034,797 $11,034,797 2028-11-23 1.8152 2.8280 6.5091
EBIUH 3.05 02/26/30 Corp EMIRATES NBD BANK PJSC 3.05% FEB-30 2.1 Euro Bond AUD 11,150,000 $11,007,559 $11,007,559 2030-02-26 3.05 3.2960 7.2553
VZ 2.65 05/06/30 Corp VERIZON COMMUNICATIONS INC 2.65% MAY-30 2.0 Bonds AUD 11,100,000 $10,937,829 $10,937,829 2030-05-06 2.65 3.0121 7.4667
MGRAU 2.6 09/18/29 Corp MIRVAC GROUP FINANCE LTD 2.6% SEP-29 2.0 Bonds AUD 10,900,000 $10,914,661 $10,914,661 2029-09-18 2.6 2.6193 7.0760
NETFIN 2.579 10/03/28 Corp NETWORK FINANCE CO PTY LTD 2.579% OCT-28 2.0 Bonds AUD 11,000,000 $10,896,820 $10,896,820 2028-10-03 2.5789999999999997 2.7543 6.2955
PNHAU 3.8 09/08/31 Corp PACIFIC NATIONAL FINANCE PTY LTD 3.8% SEP-31 2.0 Bonds Australia AUD 11,000,000 $10,865,525 $10,865,525 2031-09-08 3.8 4.0132 8.0999
CHCFIN 3.092 04/21/31 Corp CHC FINANCE PTY LTD 3.092% APR-31 2.0 Bonds Australia AUD 10,950,000 $10,781,753 $10,781,753 2031-04-21 3.092 3.2871 8.1447
TQLAU 3.25 08/05/31 Corp TRANSURBAN QUEENSLAND FINANCE PTY LTD 3.25% AUG-31 2.0 Bonds Australia AUD 10,720,000 $10,744,870 $10,744,870 2031-08-05 3.25 3.3089 8.2536
WENNEX 3.15 03/31/31 Corp WESTCONNEX FINANCE CO PTY LTD 3.15% MAR-31 2.0 Bonds AUD 10,900,000 $10,739,280 $10,739,280 2031-03-31 3.15 3.3616 8.0639
NBNAUS 2.2 12/16/30 Corp NBN CO LTD 2.2% DEC-30 2.0 Bonds Australia AUD 11,410,000 $10,724,088 $10,724,088 2030-12-16 2.2 3.0589 8.0992
GAIF 1.9 12/14/28 Corp GAIF BOND ISSUER PTY LTD 1.9% DEC-28 2.0 Bonds Australia AUD 11,070,000 $10,721,295 $10,721,295 2028-12-14 1.9 2.4916 6.5652
ANVAU 2.6 07/31/29 Corp AUSNET SERVICES HOLDINGS PTY LTD 2.6% JUL-29 2.0 Bonds Australia AUD 10,750,000 $10,714,095 $10,714,095 2029-07-31 2.6 2.7361 6.9385
VZ 3 03/23/31 Corp VERIZON COMMUNICATIONS INC 3.0% MAR-31 2.0 Bonds AUD 10,680,000 $10,617,842 $10,617,842 2031-03-23 3.0 3.1053 8.1129
CGJAU 2.1 08/27/30 Corp COLES GROUP TREASURY PTY LTD 2.1% AUG-30 2.0 Bonds AUD 11,240,000 $10,591,002 $10,591,002 2030-08-27 2.1 2.8890 7.9388
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 $10,576,124 $10,576,124 2030-09-23 2.543 3.3679 7.8401
SGTOPT 2.5 07/01/30 Corp OPTUS FINANCE PTY LTD 2.5% JUL-30 2.0 Bonds Australia AUD 10,510,000 $10,570,065 $10,570,065 2030-07-01 2.5 2.5286 7.6984
BACAU 4.5 12/30/30 Corp BRISBANE AIRPORT CORP PTY LTD 4.5% DEC-30 2.0 Bonds AUD 9,500,000 $10,427,390 $10,427,390 2030-12-30 4.5 3.4359 7.2985
T 4.6 09/19/28 Corp AT&T INC 4.6% SEP-28 1.9 Bonds AUD 9,150,000 $10,372,211 $10,372,211 2028-09-19 4.6 2.5503 5.9524
LLCAU 3.7 03/31/31 Corp LENDLEASE FINANCE LTD 3.7% MAR-31 1.9 Bonds Australia AUD 9,940,000 $10,209,871 $10,209,871 2031-03-31 3.7 3.3939 7.7353
QANAU 5.25 09/09/30 Corp QANTAS AIRWAYS LTD 5.25% SEP-30 1.9 Bonds AUD 9,280,000 $10,208,928 $10,208,928 2030-09-09 5.25 3.9903 6.9429
SGSPAA 1.843 09/15/28 Corp SGSP AUSTRALIA ASSETS PTY LTD 1.843% SEP-28 1.9 Bonds Australia AUD 10,510,000 $10,164,063 $10,164,063 2028-09-15 1.8430000000000002 2.3972 6.4002
WOWAU 2.8 05/20/30 Corp WOOLWORTHS GROUP LTD 2.8% MAY-30 1.9 Bonds AUD 9,930,000 $9,985,757 $9,985,757 2030-05-20 2.8 2.8858 7.4736
SGPAU 2.3 03/24/28 Corp STOCKLAND TRUST 2.3% MAR-28 1.9 Bonds Australia AUD 10,000,000 $9,957,300 $9,957,300 2028-03-24 2.3 2.4065 5.9133
AGIAGN 2.1486 04/28/28 Corp AUSTRALIAN GAS NETWORKS LTD 2.1486% APR-28 1.8 Bonds AUD 9,930,000 $9,772,758 $9,772,758 2028-04-28 2.1486 2.4111 6.0300
DWPFAU 1.9 08/04/28 Corp DWPF FINANCE PTY LTD 1.9% AUG-28 1.3 Bonds Australia AUD 7,300,000 $7,088,702 $7,088,702 2028-08-04 1.9 2.4348 6.2764
WESAU 2.55 06/23/31 Corp WESFARMERS LTD 2.55% JUN-31 1.0 Corporate Bond Consumer Discretionary Australia AUD 5,450,000 $5,405,528 $5,405,528 2031-06-23 2.55 2.7498 8.4202
WOWAU 2.75 11/15/31 Corp WOOLWORTHS GROUP LTD 2.75% NOV-31 0.7 Bonds Consumer Staples Australia AUD 3,750,000 $3,673,144 $3,673,144 2031-11-15 2.75 3.0051 8.6911
AIANZ 4.5 09/23/27 Corp AUCKLAND INTERNATIONAL AIRPORT LTD 4.5% SEP-27 0.6 Bonds AUD 3,050,000 $3,425,897 $3,425,897 2027-09-23 4.5 2.3296 5.2178
CHETAU 2.317 09/25/30 Corp CHARTER HALL EXCHANGE FINANCE PTY LTD 2.317% SEP-30 0.5 Bonds AUD 2,720,000 $2,616,069 $2,616,069 2030-09-25 2.3169999999999997 2.8302 7.9554
ABIBB 4.1 09/06/27 Corp ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.1% SEP-27 0.2 Bonds Belgium AUD 950,000 $1,059,074 $1,059,074 2027-09-06 4.1 2.1102 5.2250
WSOFIN 4.5 03/31/27 Corp WSO FINANCE PTY LTD 4.5% MAR-27 0.1 Bonds Australia AUD 500,000 $562,800 $562,800 2027-03-31 4.5 2.1044 4.6521
MET 4 07/13/27 Corp METROPOLITAN LIFE GLOBAL FUNDING I 4.0% JUL-27 0.1 Bonds United States AUD 380,000 $419,229 $419,229 2027-07-13 4.0 2.2768 5.0833
VTAZ1 Comdty AUST 5YR BOND FUT DEC21 Bond Future AUD 280 2021-12-15
Download CSV
* As at 21 October 2021. Excludes cash

Sector Allocation

Financial
34.6%
Communications
16.1%
Consumer, Non-cyclical
13.9%
Utilities
17.3%
Industrial
12.8%
Consumer, Cyclical
5.3%
Basic Materials
0.0%
* As of 30 September 2021

PERFORMANCE

Fund Returns After Fees (%)

  Fund Index
1 month -1.77% -1.78%
3 months 0.33% 0.37%
6 months 2.87% 3.04%
1 year 1.80% 2.32%
3 year p.a 6.79% 7.35%
5 year p.a - 5.47%
Since inception (p.a) 6.41% 6.94%
Inception date 31-May-18 -
* As at 30 September 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* (%) 4.8%
12 Mth Gross Distribution Yield* (%) -
Franking Level -
*As at 30 September 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-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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Product Disclosure Statement Update - 8 March 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 - 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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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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